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Nonprofit · EIN 52-2077863

TELECOMMUNICATIONS DEVELOPMENT FUND

Tax-exempt · CHEVY CHASE, MD 20815

Financials

−$3.2M$1.2M2023−$4.8M$2.6M2024−$3.2M$1.9M2025
Revenue Expenses · by fiscal year end
Financials of TELECOMMUNICATIONS DEVELOPMENT FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-$3,202,601$1,905,410-$5,108,011$108,347,104$2,568,658$105,778,446
December 31, 2024990-$4,798,047$2,641,663-$7,439,710$112,220,666$1,289,002$110,931,664
December 31, 2023990-$3,231,930$1,167,315-$4,399,245$119,699,804$100,210$119,599,594
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
-$3,384,139
Net gain from sales of assets
-$3,425,230
Other revenue
$181,538

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$220,000
Salaries, compensation and benefits (total)
$220,000
Professional fundraising fees
$0
Legal fees
$50,470
Accounting fees
$65,103
Travel
$9,510
Program services (functional)
$883,411
Management and general (functional)
$1,021,999

Balance sheet and other

Total assets, start of year
$112,220,666
Total assets, end of year
$108,347,104
Total liabilities, end of year
$2,568,658
Net assets, end of year
$105,778,446
Publicly traded securities
$728,070
Net assets without donor restrictions
$105,778,446
Gross receipts
$0
Employees
0
Year formed
1998
State of legal domicile
MD

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Richard Bodmandirector
Trustee or director
0$55,000
Brian BaileyDirector
Trustee or director
0$47,500
Marvin BushDirector
Trustee or director
0$42,500
Michael Meecedirector
Trustee or director
0$40,000
Brooke CoburnDirector
Trustee or director
0$35,000
James PastorizaCEO
Officer
0$0
990 for the year ended December 31, 2024: 6 people
NameTitleHours / weekCompensation
Richard Bodmandirector
Trustee or director
0$55,000
Brian BaileyDirector
Trustee or director
0$47,500
Marvin BushDirector
Trustee or director
0$42,500
Michael Meecedirector
Trustee or director
0$40,000
Brooke CoburnDirector
Trustee or director
0$35,000
James PastorizaCEO
Officer
0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
Richard Bodmandirector
Trustee or director
0$50,000
Brian BaileyDirector
Trustee or director
0$47,500
Marvin BushDirector
Trustee or director
0$42,500
Michael Meecedirector
Trustee or director
0$40,000
Brooke CoburnDirector
Trustee or director
0$40,000
James PastorizaCEO
Officer
0$0

Address and contacts

Address (IRS master file)
2 WISCONSIN CIR STE 920, CHEVY CHASE, MD 20815-7035
In care of
% THE ORGANIZATION
Principal officer (990 for 2025)
James Pastoriza, 2 WISCONSIN CIRCLE SUITE 920, CHEVY CHASE, MD 20815
Signed the 990
JAMES PASTORIZA, CEO
Phone
(240) 483-4286
Return prepared by
PwC US Tax LLP

Mission

THE TELECOMMUNICATIONS ACT OF 1996 (THE ACT), ENACTED ON FEBRUARY 8, 1996, CREATED A BODY CORPORATE TO BE KNOWN AS THE TELECOMMUNCATIONS DEVELOPMENT FUND, TDF. THE CONFERENCE REPORT WHICH ACCOMPANIED THE ACT PROVIDED THAT TDF WILL BE ADMINISTERED AS A NOT FOR PROFIT ORGANIZATION. ON MARCH 30, 1998, TDF WAS INCORPORATED IN THE DISTRICT OF COLUMBIA AS A CIVIC ORGANIZATION WITHIN THE MEANING OF SECTION 501 (C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. THE PURPOSE OF THE FUND IS: (A) TO PROMOTE ACCESS TO CAPITAL FOR SMALL BUSINESSES IN ORDER TO ENHANCE COMPETITION IN THE TELECOMMUNICATIONS INDUSTRY; (B) TO STIMULATE NEW TECHNOLOGY DEVELOPMENT, AND TO PROMOTE EMPLOYMENT AND TRAINING; (C) TO SUPPORT UNIVERSAL SERVICE AND PROMOTE DELIVERY OF TELECOMMUNICATIONS SERVICES TO UNDERSERVED RURAL AND URBAN AREAS; AND (D) TO RECEIVE CONTRIBUTIONS OR DONATIONS TO THE FUND AND TO REINVEST ANY REPAYMENT OF, OR OTHER PAYMENT WITH RESPECT TO, LOAN, EQUITY, OR OTHER EXTENSIONS OF CREDIT MADE FRO

990 for the year ended December 31, 2025

Program accomplishments

  • See attachment 1

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
52-2077863
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$108,347,104
Income (IRS master file)
$3,202,601

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025-$3,202,601$1,905,410$108,347,104XML
990December 2024-$4,798,047$2,641,663$112,220,666XML
990December 2023-$3,231,930$1,167,315$119,699,804XML
990December 2022-$5,477,154$1,319,746$123,416,262IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-2077863).

Questions about TELECOMMUNICATIONS DEVELOPMENT FUND

What is the EIN of TELECOMMUNICATIONS DEVELOPMENT FUND?
The employer identification number (EIN) of TELECOMMUNICATIONS DEVELOPMENT FUND is 52-2077863.
Is TELECOMMUNICATIONS DEVELOPMENT FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1998.
Are donations to TELECOMMUNICATIONS DEVELOPMENT FUND tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does TELECOMMUNICATIONS DEVELOPMENT FUND file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TELECOMMUNICATIONS DEVELOPMENT FUND due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TELECOMMUNICATIONS DEVELOPMENT FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of TELECOMMUNICATIONS DEVELOPMENT FUND?
The 990 for the year ended December 31, 2025 names James Pastoriza.
Who are the officers and directors of TELECOMMUNICATIONS DEVELOPMENT FUND?
The 990 for the year ended December 31, 2025 lists 6 people; 5 received compensation from the organization, the highest $55,000 (Richard Bodman, director).
How much revenue does TELECOMMUNICATIONS DEVELOPMENT FUND have?
On its 990 for the year ended December 31, 2025 it reported revenue of -$3,202,601, expenses of $1,905,410 and total assets of $108,347,104 at year end.

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