TELECOMMUNICATIONS DEVELOPMENT FUND INC

EIN: 522077863

CHEVY CHASE, MD

Total Revenue
$-3,202,601
Total Expenses
$1,905,410
Total Assets
$108,347,104
Net Assets
$105,778,446
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MD
Principal Officer
James Pastoriza
Phone
2404834286
Tax Period
2025-01-01 to 2025-12-31

TELECOMMUNICATIONS DEVELOPMENT FUND INC, founded in 1998, is a micro nonprofit that reported $3.2M in total revenue in fiscal year 2025.

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-3,384,139
Other Revenue $181,538
TOTAL REVENUE $-3,202,601

Expense Breakdown

Grants Paid $0
Salaries & Benefits $220,000
Fundraising Expenses $0
Program Expenses $883,411
Other Expenses $1,685,410
TOTAL EXPENSES $1,905,410

Year-over-Year Comparison

2025 2024 Change
Revenue $-3,202,601 $-4,798,047 -0.3%
Expenses $1,905,410 $2,641,663 -0.3%
Net Income $-5,108,011 $-7,439,710 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
5
$220,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Bodman director 0.0
Director
$55,000 $0 $55,000
Brian Bailey Director 0.0
Director
$47,500 $0 $47,500
Marvin Bush Director 0.0
Director
$42,500 $0 $42,500
Michael Meece director 0.0
Director
$40,000 $0 $40,000
Brooke Coburn Director 0.0
Director
$35,000 $0 $35,000
James Pastoriza CEO 0.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $-3,202,601 $1,905,410 $108,347,104 $-5,108,011
2024 No data No data No data No data
2023 $-3,231,930 $1,167,315 $119,699,804 $-4,399,245
2022 $-5,477,154 $1,319,746 $123,416,262 $-6,796,900
2020 $18,354,243 $2,499,327 $115,521,376 $15,854,916
2019 $-6,105,325 $1,270,338 $99,665,049 $-7,375,663
2018 $517,966 $1,638,835 $107,042,258 $-1,120,869
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