Connected Nation Development Corporation
Nonprofit profile at a glance
- EIN
- 262203687
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Bowling Green, KY, USA
- Phone
- 2707814320
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,932,929
- Expenses
- $219,087
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- THOMAS W FERREE (PRESIDENT AND DIRECTOR)
- MARK K MCELROY (VICE PRESIDENT AND DIRECTO)
Highest reported compensation
- THOMAS W FERREE (PRESIDENT AND DIRECTOR): $372,062 total reported compensation
- BERNICE A BOGLE (TREASURER): $244,920 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
Promoting the concept and collaboration of technology expansion, including broadband expansion, into all areas of the country.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 32
- Transparency & Controls: 77
- Accountability: 62
- Sustainability: 48
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 9.3%; rating input score 9
- Program expense ratio: 82%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 14th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 88.7%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 21.2%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 8% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 19.9% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: -37.3% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 9.3% of revenue deployed · 82% of spending went to programs
- Governance: 2 of 3 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $180K in reported program spending
- Leadership: top reported pay $372K · 4 people listed · 3 of 6 pay-setting controls reported
- Consistency: 14 of 14 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 9/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 13/100.