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: [email protected]
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: [email protected]
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
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Radio/ TV Stations
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 450 of 1031 | 16 of 29 |
| Fund acquisition rating | | 228 of 1032 | 6 of 29 |
| Resource allocation rating | | 331 of 1032 | 20 of 29 |
| Asset utilization rating | | 890 of 1031 | 23 of 29 |
Financial ratios
| Funding ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
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 | 7% | 3% | 4% | 4% | 3% | 4% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 9% | 8% | 13% | 15% | 18% | 12% |
| Operating ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 77% | 78% | 80% | 83% | 80% |
Spending ratio Spending ratio = Total expenses / Total revenue | 91% | 93% | 79% | 79% | 78% | 81% |
Program output ratio Program output ratio = Program services / Total revenue | 67% | 71% | 62% | 63% | 65% | 65% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 9% | 7% | 21% | 21% | 22% | 19% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 11% | 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 ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.46 | 0.35 | 0.42 | 0.38 | 0.44 | 0.36 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.93 | 3.49 | 1.84 | 2.13 | 3.55 | 4.04 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.22 | 1.22 | 0.78 | 0.82 | 1.58 | 1.45 |
| Liquidity ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.64 | 32.82 | 81.29 | 69.43 | 63.65 | 55.13 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.03 | 0.01 | 0.01 | 0.02 | 0.02 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 9.55 | 9.55 | 15.24 | 14.50 | 7.50 | 8.14 |
| Solvency ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 6% | 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 | 180% | 180% | 180% | 162% | 89% | 70% |
Financials
| Balance sheet | |||||
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| 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 |
| Liabilities | 2021 | 2020 | 2019 | 2018 | 2017 |
| 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 assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| 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 | |||||
| Revenue | 2021 | 2020 | 2019 | 2018 | 2017 |
| 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 |
| Expenses | 2021 | 2020 | 2019 | 2018 | 2017 |
| 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 assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| 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
| Name | Title | Compensation |
| Sandi Brown | President | $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: [email protected]
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.