Gateway Creative Broadcasting / Joy FM Radio

The information on this page was last updated 6/24/2022. If you see errors or omissions, please email: info@ministrywatch.com


Summary

99.1 Joy FM isn't your typical radio station. You'll hear great music, of course. But you'll also experience fun and meaningful conversations about real life. So, listen and find encouragement, purpose and fun!


Contact information

Mailing address:
Gateway Creative Broadcasting
13358 Manchester Rd
#100
Des Peres, MO 63131

Website: joyfmonline.org

Phone: 314-909-8569

Email: info@joyfmonline.org


Organization details

EIN: 431793303

CEO/President: Sandi Brown

Chairman: Jennifere Benes

Board size: 7

Founder: Sandi Brown

Ruling year: 1998

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: Yes

Member of ECFA since: 2016


Purpose

MUSIC: You'll hear what's new in Christian music from artists like: Hillsong, Toby Mac, Lauren Daigle, for King and Country and many more. The right song at the right time.

FAITH: Experiencing God's love and purpose in life is invigorating. It's the core of who we are and what we do.

COMMUNITY: You're not alone. You're part of a vibrant mission to love and serve the city in Jesus name.


Mission statement

Desiring obedience above all, we will use Christian Music as a means of encouraging believers, uniting the body of Christ and sharing the clear, life-changing message of Jesus with the world.


Statement of faith

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Radio/ TV Stations

CategoryRatingOverall rankSector rank
Overall efficiency rating645 of 103121 of 32
Fund acquisition rating245 of 10339 of 32
Resource allocation rating638 of 103322 of 32
Asset utilization rating885 of 103128 of 32

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%3%4%4%3%3%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%3%3%3%3%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%92%87%85%82%88%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%3%4%4%3%4%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%8%13%15%18%12%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%77%78%80%83%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%93%79%79%78%81%
Program output ratio Program output ratio =
Program services /
Total revenue
73%71%62%63%65%65%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%7%21%21%22%19%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%4%14%17%31%34%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%20%18%16%13%16%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.540.350.420.380.440.36
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.913.491.842.133.554.04
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.251.220.780.821.581.45
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.9932.8281.2969.4363.6555.13
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.030.010.010.020.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
8.999.5515.2414.507.508.14
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
5%37%24%38%61%75%
Debt ratio Debt ratio =
Debt /
Total assets
0%34%21%34%57%71%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
158%180%180%162%89%70%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$2,207,237$5,119,521$4,336,268$3,907,265$3,718,179
Receivables, inventories, prepaids$3,367,338$3,205,547$3,207,859$28,944$20,394
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$5,574,575$8,325,068$7,544,127$3,936,209$3,738,573
Long-term investments$0$0$0$0$0
Fixed assets$1,003,189$644,000$721,359$9,961,764$11,343,700
Other long-term assets$12,850,582$6,381,692$7,767,443$60,711$32,109
Total long-term assets$13,853,771$7,025,692$8,488,802$10,022,475$11,375,809
Total assets$19,428,346$15,350,760$16,032,929$13,958,684$15,114,382
 
Liabilities20212020201920182017
Payables and accrued expenses$169,828$102,416$108,664$61,845$67,809
Other current liabilities$0$0$0$0$0
Total current liabilities$169,828$102,416$108,664$61,845$67,809
Debt$6,650,000$3,229,323$5,400,937$7,921,923$10,723,030
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$413,141$365,837$540,741$470,184$545,773
Total long-term liabilities$7,063,141$3,595,160$5,941,678$8,392,107$11,268,803
Total liabilities$7,232,969$3,697,576$6,050,342$8,453,952$11,336,612
 
Net assets20212020201920182017
Without donor restrictions$11,969,646$9,055,348$7,912,472$4,092,206$0
With donor restrictions$225,731$2,597,836$2,070,115$1,412,526$0
Net assets$12,195,377$11,653,184$9,982,587$5,504,732$3,777,770
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$6,759,410$7,049,114$6,639,789$6,468,499$5,899,520
Program service revenue$511,771$1,060,575$1,144,108$1,450,509$773,702
Membership dues$0$0$0$0$0
Investment income$5,515$15,229$44,866$9,455$4,626
Other revenue$58,583$20,625$1,937$0$0
Total other revenue$575,869$1,096,429$1,190,911$1,459,964$778,328
Total revenue$7,335,279$8,145,543$7,830,700$7,928,463$6,677,848
 
Expenses20212020201920182017
Program services$5,239,509$5,075,498$4,919,072$5,169,566$4,331,348
Management and general$1,337,876$1,142,193$1,003,211$824,236$883,062
Fundraising$215,701$257,255$233,155$207,699$195,857
Total expenses$6,793,086$6,474,946$6,155,438$6,201,501$5,410,267
 
Change in net assets20212020201920182017
Surplus (deficit)$542,193$1,670,597$1,675,262$1,726,962$1,267,581
Other changes in net assets$0$0$0$0$0
Total change in net assets$542,193$1,670,597$1,675,262$1,726,962$1,267,581

Compensation

NameTitleCompensation
Sandi BrownPresident$204,073

Compensation data as of: 5/31/2021


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 6/24/2022. To update the information below, please email: info@ministrywatch.com


History

For over 15 years St. Louis had a contemporary Christian music station (commercial station). In 1997, that station was sold, and St. Louis was without Christian music for three and a half years. In 2001, JOY FM came on the air as a non-commercial, listener supported station. That means we rely fully on the generous, faithful support of our listeners and can never be sold. It also means that instead of listening to commercials, you get at least 55 minutes of music every hour.


Program accomplishments


Needs