MID-Atlantic Broadband Communities Corporation

“Corporation staff prepares and submits form 990 information to cpa firm, a draft form 990 is prepared by cpa firm, and corporation staff and cpa firm staff review and finalize draft. The prepared form 990 is then reviewed by the corporation's president and by the chairman of the board of directors prior to being filed with the irs.”

“An annual request for disclosure of potential conflicts of interest is completed by all officers and directors to determine if there are any significant risks to the organization. After disclosure of a financial interest and all material facts relating to a financial interest, and after any discussion with an interested person, he/she shall recuse himself/herself while the financial interest is discussed and voted upon. The remaining board or executives committee members shall decide if a conflict of interest exists.”

“Compensation requests for all officers were submitted to the independent compensation committee of the board of directors for review, consideration and recommendation to the full board of directors. Comparability data was used to establish compensation for these positions. After deliberation, the full board voted and approved the proposed compensation request. The deliberations and approval process are documented in the committee and full board meeting minutes. This process was last undertaken during the fiscal year 2014.”

“SEE NARRATIVE ABOVE AS IT APPLIES TO OTHER OFFICERS OF THE ORGANIZAITON. Form 990, Part VI, Line 16a - Joint Venture With Taxable Entity During the tax year, Mid-Atlantic Broadband Communities Corporation ("MBC") was the member-manager of LIT Networks LLC ("the Company"), a Delaware limited liability company. LIT Networks LLC is a broadband telecommunications, whose purpose is to sell wholesale long-haul routes of dark fiber optic strands to its members and other commercial carriers. LIT Networks LLC is a joint venture between MBC and six other members, consisting of an Utilities Authority, cooperatives and companies. Each member receives a share of the Company's income based on their proportionate share of miles of fiber contributed as capital. MBC's share of the Company's revenue is 44.03%. As manager of the Company, MBC has control over the Company's day-to-day business and affairs. In creating this joint venture, MBC is furthering its mission by continuing to promote economic development and expanding the fiber-optic network within southern Virginia.”

“Financial statements, governing documents and conflict of interest policies are not required to be disclosed. Accordingly, these documents are not available to the public at this time.”