Atlantic Gateway Communications 
The information on this page was last updated 2/16/2024. If you see errors or omissions, please email: [email protected]
Summary
Music that offers hope and encouragement at 91.9 FM in Washington, DC. WGTS 91.9 is a listener supported, non-commercial radio station. That means we can not sell advertising. We are a federally recognized 501(c)3 non-profit organization owned and operated by Atlantic Gateway Communications, Inc.
Contact information
Mailing address:
Atlantic Gateway Communications Inc
2099 Gaither Road
Ste 105
Rockville, MD 20850
Website: wgts919.com
Phone: 202-902-6000
Email: [email protected]
Organization details
EIN: 825013506
CEO/President: Kevin Krueger
Chairman: Charles Tapp
Board size: 11
Founder:
Ruling year: 2019
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2019
Purpose
For 60 years, WGTS has been "Washington's Gateway To Service" and we are continually committed to serving our listeners and our community with quality, uplifting music, shows, and events that are always encouraging.
Mission statement
At WGTS 91.9, we believe we are here to encourage everyone we encounter to take one step closer to Christ.
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 | | 971 of 1118 | 25 of 28 |
| Fund acquisition rating | | 991 of 1119 | 21 of 28 |
| Resource allocation rating | | 779 of 1119 | 22 of 28 |
| Asset utilization rating | | 705 of 1118 | 17 of 28 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 14% | 12% | 8% | 7% | 5% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 13% | 11% | 7% | 6% | 5% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 82% | 95% | 96% | 92% | 96% | 95% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 13% | 12% | 9% | 9% | 7% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 18% | 5% | 4% | 8% | 4% | 5% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 78% | 72% | 70% | 76% | 79% | 84% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 103% | 93% | 80% | 73% | 74% |
Program output ratio Program output ratio = Program services / Total revenue | 74% | 74% | 66% | 61% | 58% | 62% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | -3% | 7% | 20% | 27% | 26% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 1% | -3% | 6% | 23% | 35% | 45% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 16% | 16% | 18% | 14% | 12% | 10% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.38 | 0.37 | 0.35 | 0.41 | 0.35 | 0.36 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.02 | 2.54 | 2.26 | 1.96 | 2.00 | 2.47 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.01 | 0.94 | 0.79 | 0.80 | 0.70 | 0.88 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.86 | 345.45 | 91.00 | 77.80 | 97.70 | 39.54 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.00 | 0.01 | 0.01 | 0.01 | 0.03 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 11.73 | 12.71 | 14.94 | 14.86 | 16.87 | 13.22 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 13% | 66% | 61% | 55% | 63% | 72% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 38% | 44% | 55% | 63% | 71% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 191% | 91% | 110% | 109% | 105% | 78% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $4,101,811 | $9,171,130 | $8,652,856 | $7,812,303 | $5,430,121 |
| Receivables, inventories, prepaids | $147,096 | $189,463 | $142,909 | $197,196 | $136,864 |
| Short-term investments | $5,001,202 | $1,202 | $12,333 | $1,202 | $1,607 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $9,250,109 | $9,361,795 | $8,808,098 | $8,010,701 | $5,568,592 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $8,223,085 | $5,761,655 | $2,405,842 | $2,407,985 | $2,550,169 |
| Other long-term assets | $6,049,445 | $6,017,445 | $6,017,444 | $5,626,178 | $5,662,685 |
| Total long-term assets | $14,272,530 | $11,779,100 | $8,423,286 | $8,034,163 | $8,212,854 |
| Total assets | $23,522,639 | $21,140,895 | $17,231,384 | $16,044,864 | $13,781,446 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $26,777 | $102,880 | $113,212 | $81,992 | $140,823 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $26,777 | $102,880 | $113,212 | $81,992 | $140,823 |
| Debt | $9,020,292 | $9,266,362 | $9,445,904 | $10,035,644 | $9,780,435 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $6,544,645 | $3,572,137 | $0 | $0 | $0 |
| Total long-term liabilities | $15,564,937 | $12,838,499 | $9,445,904 | $10,035,644 | $9,780,435 |
| Total liabilities | $15,591,714 | $12,941,379 | $9,559,116 | $10,117,636 | $9,921,258 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $7,930,925 | $8,199,516 | $7,672,268 | $5,927,228 | $3,860,188 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $7,930,925 | $8,199,516 | $7,672,268 | $5,927,228 | $3,860,188 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $8,002,621 | $7,619,924 | $8,056,283 | $7,382,545 | $6,349,389 |
| Program service revenue | $255,894 | $260,711 | $229,664 | $258,540 | $249,588 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $160,174 | $77,252 | $57,904 | $62,308 | $61,030 |
| Other revenue | $22,213 | $7,909 | $423,306 | $4,784 | $2,645 |
| Total other revenue | $438,281 | $345,872 | $710,874 | $325,632 | $313,263 |
| Total revenue | $8,440,902 | $7,965,796 | $8,767,157 | $7,708,177 | $6,662,652 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $6,263,720 | $5,234,465 | $5,370,465 | $4,482,506 | $4,116,314 |
| Management and general | $1,352,108 | $1,314,401 | $1,015,860 | $674,487 | $487,516 |
| Fundraising | $1,093,665 | $889,682 | $635,792 | $484,144 | $321,288 |
| Total expenses | $8,709,493 | $7,438,548 | $7,022,117 | $5,641,137 | $4,925,118 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | ($268,591) | $527,248 | $1,745,040 | $2,067,040 | $1,737,534 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($268,591) | $527,248 | $1,745,040 | $2,067,040 | $1,737,534 |
Compensation
| Name | Title | Compensation |
| Kevin Krueger | President/Ce | $257,664 |
| Kelly Carvalho | Employee | $185,924 |
| Ebenezer Asiem | Employee | $174,874 |
| Ralph George Rhodes | Employee | $172,830 |
| Michael Agee | Employee | $161,316 |
| Jerry Woods | Employee | $156,403 |
| Donald Martin | Corporate Se | $1,086 |
Compensation data as of: 12/31/2023
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 2/16/2024. To update the information below, please email: [email protected]
History
Program accomplishments
1,700,000 prayers prayed
500,000 weekly listeners
53,000 in-person connections