Atlantic Gateway Communications

The information on this page was last updated 3/3/2022. 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
Suite 105
Rockville, MD 20850

Website: wgts919.com

Phone: 800-700-1094

Email: [email protected]


Organization details

EIN: 825013506

CEO/President: Kevin Krueger

Chairman: Rob Vandeman

Board size: 13

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

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Radio/ TV Stations

CategoryRatingOverall rankSector rank
Overall efficiency rating715 of 103322 of 32
Fund acquisition rating578 of 103520 of 32
Resource allocation rating546 of 103517 of 32
Asset utilization rating755 of 103323 of 32

Financial ratios

Funding ratiosSector median202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%7%5%4%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%6%5%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%96%95%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%9%7%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%4%5%2%
 
Operating ratiosSector median202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%79%84%78%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%73%74%39%
Program output ratio Program output ratio =
Program services /
Total revenue
73%58%62%31%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%27%26%61%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%35%45%100%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%12%10%13%
 
Investing ratiosSector median202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.540.350.360.11
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.912.002.471.97
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.250.700.880.22
 
Liquidity ratiosSector median202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.9997.7039.5460.45
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.010.030.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
8.9916.8713.2252.69
 
Solvency ratiosSector median202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
5%63%72%83%
Debt ratio Debt ratio =
Debt /
Total assets
0%63%71%82%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
158%105%78%154%

Financials

Balance sheet
 
Assets202020192018
Cash$7,812,303$5,430,121$6,052,020
Receivables, inventories, prepaids$197,196$136,864$120,380
Short-term investments$1,202$1,607$1,607
Other current assets$0$0$0
Total current assets$8,010,701$5,568,592$6,174,007
Long-term investments$0$0$0
Fixed assets$2,407,985$2,550,169$334,396
Other long-term assets$5,626,178$5,662,685$5,662,685
Total long-term assets$8,034,163$8,212,854$5,997,081
Total assets$16,044,864$13,781,446$12,171,088
 
Liabilities202020192018
Payables and accrued expenses$81,992$140,823$102,128
Other current liabilities$0$0$0
Total current liabilities$81,992$140,823$102,128
Debt$10,035,644$9,780,435$9,946,306
Due to (from) affiliates$0$0$0
Other long-term liabilities$0$0$0
Total long-term liabilities$10,035,644$9,780,435$9,946,306
Total liabilities$10,117,636$9,921,258$10,048,434
 
Net assets202020192018
Without donor restrictions$5,927,228$3,860,188$1,211,952
With donor restrictions$0$0$910,702
Net assets$5,927,228$3,860,188$2,122,654
 
Revenues and expenses
 
Revenue202020192018
Total contributions$7,382,545$6,349,389$3,451,836
Program service revenue$258,540$249,588$42,392
Membership dues$0$0$0
Investment income$62,308$61,030$11,152
Other revenue$4,784$2,645$0
Total other revenue$325,632$313,263$53,544
Total revenue$7,708,177$6,662,652$3,505,380
 
Expenses202020192018
Program services$4,482,506$4,116,314$1,077,828
Management and general$674,487$487,516$178,232
Fundraising$484,144$321,288$126,666
Total expenses$5,641,137$4,925,118$1,382,726
 
Change in net assets202020192018
Surplus (deficit)$2,067,040$1,737,534$2,122,654
Other changes in net assets$0$0$0
Total change in net assets$2,067,040$1,737,534$2,122,654

Compensation

NameTitleCompensation
Kevin KruegerPres. & Gene$204,604
Jerry WoodsEmployee$131,384
Blanca VegaEmployee$126,730
Brennan WimbishEmployee$123,156
John LundquistEmployee$120,161
Stacey LundquistEmployee$114,181

Compensation data as of: 12/31/2020


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 3/3/2022. To update the information below, please email: [email protected]


History


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