Form 990 for tax year 2023
Filed by CONNECTED NATION DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $0
- Total expenses
- $228,668
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $1,713,842
- Net assets or fund balances, end of year
- -$1,713,842
- Program services expenses (Part IX)
- $194,525
- Management and general expenses
- $34,143
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $194,525
Program services were 85.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $875 · management and general $875
-
11g · Fees: other
total $93,000 · program services $93,000
-
17 · Travel
total $258 · program services $258
-
19 · Conferences, conventions and meetings
total $500 · program services $500
-
20 · Interest
total $133,071 · program services $99,803 · management and general $33,268
-
24a · Other expenses: LICENSES AND PERMITS
total $738 · program services $738
-
24b · Other expenses: MISCELLANEOUS
total $226 · program services $226
Balance sheet
Part X, book values.
-
17 · Accounts payable and accrued expenses
beginning of year $3,000 · end of year $3,000
-
24 · Unsecured notes and loans payable
beginning of year $1,482,174 · end of year $1,710,842
-
27 · Net assets without donor restrictions
beginning of year -$1,485,174 · end of year -$1,713,842
Mission and programs · 2023
Mission
TO PROMOTE THE CONCEPT AND COLLABORATION OF TECHNOLOGY EXPANSION, INCLUDING BROADBAND EXPANSION, INTO ALL AREAS OF THE COUNTRY TO THE OFFICIALS, PRIVATE TELECOMMUNICATIONS INDUSTRY LEADERS, AND LEGISLATURES BOTH AT THE FEDERAL AND STATE LEVELS.
Activities or mission (Part I)
TO PROMOTE THE CONCEPT AND COLLABORATION OF TECHNOLOGY EXPANSION, INCLUDING BROADBAND EXPANSION, INTO ALL AREAS OF THE COUNTRY TO THE OFFICIALS, PRIVATE TELECOMMUNICATIONS INDUSTRY LEADERS, AND LEGISLATURES BOTH AT THE FEDERAL AND STATE LEVELS. A PORTION OF ITS ACTIVITIES WILL BE THE SOLICITATION OF FUNDS FROM STATE AND FEDERAL LEGISLATURES TO FACILITATE PROGRAMS IN THE EXPANSION STATES.
-
PROMOTING THE CONCEPT AND COLLABORATION OF TECHNOLOGY EXPANSION, INCLUDING BROADBAND EXPANSION, INTO ALL AREAS OF THE COUNTRY.
Expenses $194,525
As filed on the 2023 return.
Listed in Part VII
-
Thomas W FerreeTHOMAS W FERREE
PRESIDENT AND DIRECTOR
- Total calculated
- $384,566
- From this org
- $0
- From related orgs
- $361,452
- Other
- $23,114
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $361,452 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $10,844 related
- Nontaxable benefits
- $0 + $12,270 related
- Filer's total
- $0 + $384,566 related
-
Mark K McElroyMARK K MCELROY
VICE PRESIDENT AND DIRECTO
- Total calculated
- $0
- Hours/week
- 1
-
Gwen BatesGWEN BATES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bernice A BogleBERNICE A BOGLE
TREASURER
- Total calculated
- $253,658
- From this org
- $0
- From related orgs
- $228,757
- Other
- $24,901
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $228,757 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $6,863 related
- Nontaxable benefits
- $0 + $18,038 related
- Filer's total
- $0 + $253,658 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE ORGANIZATION'S OFFICERS ARE COMPENSATED BY A RELATED ORGANIZATION, CONNECTED NATION. CONNECTED NATION'S COMPENSATION IS ESTABLISHED BY COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · TECHNOLOGY EXPANSION · KY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433139349300248
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