E-Polk
- Assets
- $1.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 7
- Location
- Tryon, NC
- Founding
- 04/2003
- Data as of
- 12/2022
- EIN
- 30-0156436
Organization Overview
E-Polk, operating under the name Pangaea Internet, is located in Tryon, NC. The organization was established in 2003. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2022, Pangaea Internet employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pangaea Internet is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Pangaea Internet generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PANGAEA MISSION: TO DELIVER AFFORDABLE, RELIABLE CONNECTIVITY SERVICES TO THE REGION. THESE SERVICES WILL ACCELERATE ECONOMIC DEVELOPMENT AND IMPROVE QUALITY OF LIFE WHILE EXPANDING ACCESS INTO UNDERSERVED AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXTENSION AND MAINTENANCE OF FIBER-OPTIC CABLE NETWORK TO ACHIEVE/MAINTAIN OPERATING STATUS OF MISSION UNDER RIAA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron A Walters Exec Director | Officer | 40 | $154,190 |
Russ Pitts Director | Trustee | 1 | $0 |
Steve Garrison Director | Trustee | 1 | $0 |
Marche Pittman Director | Trustee | 1 | $0 |
Jim Edwards President | OfficerTrustee | 1 | $0 |
Harry Grymes Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,831 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,931 |
| Total Program Service Revenue | $1,564,400 |
| Investment income | $579 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,650,834 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,831 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $554,691 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $127,663 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,260 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $114,522 |
| Advertising and promotion | $7,918 |
| Office expenses | $0 |
| Information technology | $18,837 |
| Royalties | $0 |
| Occupancy | $14,409 |
| Travel | $15 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,543 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $169,684 |
| Insurance | $27,655 |
| All other expenses | $111,248 |
| Total functional expenses | $1,606,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,282 |
| Savings and temporary cash investments | $315,887 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,929 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $200,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,273 |
| Net Land, buildings, and equipment | $1,280,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,933,576 |
| Accounts payable and accrued expenses | $161,875 |
| Grants payable | $0 |
| Deferred revenue | $255,160 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,019 |
| Total liabilities | $429,054 |
| Net assets without donor restrictions | $1,504,522 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,933,576 |