Atlantic Gateway Communications Inc
- Assets
- $17.2m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 50
- Location
- Rockville, MD
- Founding
- 12/2019
- Data as of
- 12/2021
- EIN
- 82-5013506
Organization Overview
Atlantic Gateway Communications Inc is located in Rockville, MD. The organization was established in 2019. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Atlantic Gateway Communications Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantic Gateway Communications Inc 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 12/2021, Atlantic Gateway Communications Inc generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $7.0m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
"TO ENCOURAGE EVERYONE WE ENCOUNTER TO TAKE ONE STEP CLOSER TO CHRIST." 400,000 LISTENERS DEPEND ON THE CHRISTIAN PROGRAMMING ON LISTENER-FUNDED WGTS 91.9/WASH DC AND 88.3/EASTERN SHORE TO BE ALWAYS ENCOURAGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"TO ENCOURAGE EVERYONE WE ENCOUNTER TO TAKE ONE STEP CLOSER TO CHRIST." OVER 400,000 LISTENERS DEPEND ON THE POWERFUL FM RADIO SIGNALS OF WGTS 91.9 ACROSS THE ENTIRE WASHINGTON DC METRO REGION FROM FREDERICK, MARYLAND (NORTH) TO FREDERICKSBURG, VIRGINIA (SOUTH) AND ON WGTS 88.3 ALONG THE EASTERN SHORE. AS THE PRIMARY MEDIA MINISTRIES OF ATLANTIC GATEWAY COMMUNICATIONS, INC. A NON-PROFIT 501(C)3 ORGANIZATION, THE AWARD-WINNING RADIO STATIONS ARE FUNDED BY TAX-DEDUCTIBLE DONATIONS MAINLY FROM INDIVIDUALS. THIS ALLOWS THE MINISTRY TO BE A CONSTANT DESTINATION OF HOPE AND ENCOURAGEMENT ON-AIR, ONLINE, AND ON THE GROUND. ALL OF WGTS AND ATLANTIC GATEWAY COMMUNICATIONS, INC. PROGRAM SERVICE ACCOMPLISHMENTS CAN BE DESCRIBED AS ENCOURAGING AND CHRISTIAN-BASED MUSIC AND CONVERSATIONS; CULTURALLY-RELEVANT CONTENT TOUCHING EVERY AREA OF LIFE INCLUDING PHYSICAL AND MENTAL HEALTH, RELATIONSHIPS, FINANCES, SPIRITUAL WELL-BEING AND CREATED OR DELIVERED BY LOCAL STAFF. BY BRINGING PEOPLE TOGETHER AND BUILDING COMMUNITY, WGTS CREATES LIFE-IMPACTING CONNECTION SERVING AS AN ENCOURAGING VOICE FOR THE LONELY AND DISCONNECTED IN OUR SOCIETY, AND BY MOBILIZING LOCAL COMMUNITIES TO HELP THOSE IN NEED IN TANGIBLE WAYS. A NEW AND POWERFUL 50,000 WATT FM RADIO SIGNAL WAS LAUNCHED JUNE 2021 WHEN WGTS EXPANDED ITS MEDIA MINISTRY IMPACT OVER THE EASTERN SHORE. WGTS'S CHRISTIAN MUSIC AND CONVERSATIONS CAN NOW BE HEARD ON FM FREQUENCY 88.3 (WGBZ). 20 YEARS IN THE MAKING, WGTS'S CHRISTIAN AND EDUCATIONAL IMPACT NOW COVERS THE MARYLAND AND DELAWARE BEACH COMMUNITIES WITH DAILY MESSAGES AND GOD'S LOVE AND HOPE. PROGRAM SERVICES ARE DELIVERED THROUGH VARIOUS PLATFORMS AND OTHER TYPES OF MEDIA WHICH SUPPORT AND ENHANCE ITS PRIMARY PURPOSE. INCLUDED ARE NON- COMMERCIAL AND EDUCATIONAL BROADCASTING ON-AIR, VARIOUS ONLINE PLATFORMS SUCH AS A COMPREHENSIVE DIGITAL WEBSITE, SMARTPHONE APPS, INTERACTIVE AND ENGAGING SOCIAL MEDIA, PLUS ONE-TO-ONE PERSONAL CONNECTIONS ON THE GROUND THROUGH LOCALLY-PRODUCED AND HOSTED COMMUNITY CONCERTS AND SPECIAL EVENTS. WGTS WAS TWICE AWARDED THE RADIO AND MEDIA'S INDUSTRY'S TOP HONORS BY THE NATIONAL ASSOCIATION OF BROADCASTERS (NAB), RECEIVING THE MARCONI AWARD FOR 2021 "RELIGIOUS STATION OF THE YEAR,- AND A 2ND MARCONI AWARD FOR "RADIO PODCAST OF THE YEAR" FOR THE PODCAST "WE NEED TO TALK," HOSTED BY CLAUDE JENNINGS AND JERRY WOODS. THE PODCAST ADDRESSED ISSUES OF RACE IN AMERICA AND EMPHASIZED BRINGING PEOPLE FROM DIFFERENT BACKGROUNDS TOGETHER. WGTS WAS ALSO NAMED "BEST CHRISTIAN WORKPLACE" FOR THE 2ND CONSECUTIVE YEAR BY THE BEST CHRISTIAN WORKPLACES INSTITUTE (BWCI).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Krueger President/ce | OfficerTrustee | 40 | $195,332 |
Jerry Woods Employee | 40 | $121,626 | |
Brennan Wimbish Employee | 40 | $114,192 | |
John Lundquist Employee | 40 | $112,984 | |
Stacey Lundquist Employee | 40 | $112,984 | |
Blanca Vega Employee | 40 | $105,459 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,056,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,056,283 |
| Total Program Service Revenue | $229,664 |
| Investment income | $54,757 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,147 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,767,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $195,332 |
| Compensation of current officers, directors, key employees. | $136,733 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,915,483 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $718,396 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,348 |
| Fees for services: Accounting | $66,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $237,253 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $246,975 |
| Advertising and promotion | $283,515 |
| Office expenses | $58,542 |
| Information technology | $260,114 |
| Royalties | $0 |
| Occupancy | $613,390 |
| Travel | $106,445 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,750 |
| Interest | $453,118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $384,381 |
| Insurance | $84,111 |
| All other expenses | $415,511 |
| Total functional expenses | $7,022,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,101,858 |
| Savings and temporary cash investments | $5,550,998 |
| Pledges and grants receivable | $36,573 |
| Accounts receivable, net | $42,930 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $63,406 |
| Net Land, buildings, and equipment | $2,405,842 |
| Investments—publicly traded securities | $12,333 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,938,928 |
| Other assets | $78,516 |
| Total assets | $17,231,384 |
| Accounts payable and accrued expenses | $113,212 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $9,445,904 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,559,116 |
| Net assets without donor restrictions | $7,672,268 |
| 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 | $17,231,384 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Atlantic Gateway Communications Inc has recieved totaling $30,449.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $15,130 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $5,300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Community Broadcasting Corporation Pittsburgh, PA | $14,757,742 | $7,221,398 |
Atlantic Gateway Communications Inc Rockville, MD | $17,231,384 | $8,767,157 |
Positive Alternative Radio Inc Blacksburg, VA | $12,105,265 | $8,585,071 |
Your Public Radio Corporation Baltimore, MD | $11,534,970 | $6,734,198 |
Radioloy Business Management Association Fairfax, VA | $1,925,758 | $2,363,822 |
Four Rivers Community Broadcasting Corporation Harleysville, PA | $5,233,396 | $1,844,521 |
Towson University Public Media Towson, MD | $1,208,629 | $1,772,101 |
America Abroad Media Washington, DC | $41,649 | $950,475 |
Delaware First Media Corporation Dover, DE | $420,310 | $885,007 |
Council On Radionuclides & Radiopharmaceuticals Washington, DC | $1,555,856 | $899,428 |
The Software Defined Radio Forum Inc Reston, VA | $795,838 | $578,782 |
Public Radio Program Directors Association Inc Pittsburgh, PA | $605,782 | $349,723 |