Way Media Inc

Organization Overview

Way Media Inc, operating under the name WAY-FM Media Group Inc, is located in Colorado Springs, CO. The organization was established in 1986. According to its NTEE Classification (X84) the organization is classified as: Religious Radio, under the broad grouping of Religion-Related and related organizations. As of 05/2022, WAY-FM Media Group Inc employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. WAY-FM Media Group 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 05/2022, WAY-FM Media Group Inc generated $18.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $15.0m during the year ending 05/2022. While expenses have increased by 1.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

OPERATE COMMERICAL AND NON-COMMERCIAL WAY-FM CHRISTIAN RADIO STATIONS AND A RADIO NETWORK

Describe the Organization's Program Activity:

LIFE CAN BE OVERWHELMING, AND MOST PEOPLE HAVE A HARD TIME FINDING A SOURCE OF ENCOURAGEMENT AND HOPE. AT WAYFM, WE POINT PEOPLE TO JESUS WITH MEANINGFUL MUSIC AND HONEST CONVERSATION SO THEY CAN EXPERIENCE STRENGTH AND JOY DURING LIFE'S CHALLENGES. WE ARE CURRENTLY REACHING MORE THAN 3 MILLION PEOPLE EACH MONTH THROUGH BROADCAST RADIO, STREAMING CHANNELS, THE WAYFM APP, YOUTUBE AND OUR WEBSITES, WAYNATION.COM AND WAYFM.COM. IN ALL, WAYFM HAS CREATED AND IS PRODUCING 14 PRODUCTS AND GROWING AND IS INVESTING IN DIGITAL MEDIA TO STAY CULTURALLY RELEVANT. ADDITIONALLY, WE SERVE OUR AUDIENCES BY SENDING FREE BIBLES TO ANYONE WHO REQUESTS ONE, AND BY PRAYING WITH AND PROVIDING SPIRITUAL CARE AND FOLLOW UP MINISTRY FOR TENS OF THOUSANDS EVERY YEAR. AT WAYFM, OUR RESULTS ARE BEST DEMONSTRATED BY OUR LOCAL INVOLVEMENT IN THE COMMUNITIES WHERE WE SERVE, AND IN OUR COMMITMENT TO MINISTRY, BOTH ON THE RADIO AND BEHIND-THE-SCENES. SOME OF OUR SPECIFIC PROGRAMS INCLUDE: 1. MISSION: WE POINT PEOPLE TO JESUS WITH MEANINGFUL MUSIC AND HONEST CONVERSATION, EVERY DAY ON THE RADIO AND USING DIGITAL AND SOCIAL MEDIA. ADDITIONALLY, WE HOST A PRAYER WEBSITE TO GET PRAYER OR JOIN US IN PRAYER, PROVIDING LISTENERS A PLACE TO SUBMIT THEIR PRAYER REQUESTS, ANYTIME. OUR STAFF AND VOLUNTEERS ALSO PRAY FOR ALMOST 50,000 REQUESTS THIS YEAR. WE MAKE SURE THAT EACH REQUEST IS PRAYED FOR 10 OR MORE TIMES, ENSURING THAT EACH PERSON WILL RECEIVE 10 OR MORE TEXTS OR EMAILS THAT "SOMEONE AT WAYFM JUST PRAYED FOR YOU." OUR LISTENERS, DIGITAL USERS, VOLUNTEERS, AND STAFF PRAYED MORE THAN 500,000 PRAYERS LAST YEAR. 2. PROVIDING SPIRITUAL CARE. WE EMPLOY FOUR PRAYER AND OUTREACH PASTORS (ONE FULL-TIME, THREE PART TIME) THAT SERVE BEHIND-THE-SCENES WITH SPIRITUAL CARE TO SEVERAL THOUSAND EACH YEAR THAT HAVE REACHED OUT TO US. THEY ENCOURAGE AND CARE FOR HURTING PEOPLE AND ENCOURAGE THEM TOWARDS INVOLVEMENT IN A LOCAL CHURCH.FREE BIBLES. WAYFM OFFERS A FREE BIBLE TO ALL THOSE WHO REQUEST ONE. APPROXIMATELY 5000 BIBLES ARE MAILED EACH YEAR. RECIPIENTS INCLUDE LISTENERS WHO ARE INCARCERATED, IMPOVERISHED, OR THOSE WHO ARE NEW TO OR SEEKING FAITH. 3. LIVE CONCERTS AND EVENTS (INCLUDING VIRTUAL EVENTS). THROUGH ITS LOCAL STATIONS, WAYFM PROMOTES LIVE CONCERTS AND EVENTS EACH YEAR TO ALSO HELP FULFILL OUR MISSION AND MAKE A CONNECTION WITH COMMUNITY. THOUSANDS ATTEND WAYFM CONCERTS EVERY YEAR. 4. DISCIPLESHIP WORLD'S BIGGEST SMALL GROUP. WAYFM HELPS LISTENERS WITH ONGOING SPIRITUAL GROWTH BY PROVIDING THE WORLD'S BIGGEST SMALL GROUP. EACH YEAR, TENS OF THOUSANDS PARTICIPATE IN THE WBSG. THIS VIRTUAL SMALL GROUP IS PROMOTED ANNUALLY ACROSS ALL OUR PLATFORMS AND FEATURES A DAILY EMAIL DEVOTIONAL WITH A SPIRITUAL THEME OR STUDY. WELL-KNOWN PERSONALITIES AND INFLUENCERS JOIN AND PARTICIPATE IN THE GROUP TO SHARE THEIR OWN PERSONAL STORIES, ALL DESIGNED TO HELP OUR PEOPLE GROW IN THEIR FAITH. WORD ON THE WAY. WAYFM SHARES A DAILY BIBLE VERSE FOR EACH DAY, EVERY HOUR, ON THE RADIO. ADDITIONALLY, WE OFFER THE DAILY SCRIPTURE VIA EMAIL TO SUBSCRIBERS WHO REQUEST IT, AND THROUGH SOCIAL MEDIA. 5. 24/7 CHAT. WAYFM OFFERS LIVE ONLINE CHAT WHERE PEOPLE CAN CHAT WITH "SOMEONE WHO CARES" TO HELP ANSWER QUESTIONS AND GIVE SPIRITUAL GUIDANCE AND ENCOURAGEMENT. THIS EVANGELISTIC TOOL IS PROVIDED IN COOPERATION AND PARTNERSHIP WITH GROUNDWIRE MINISTRIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Nuvoodoo Media Services Llc
Marketing, Music Research, Music Test, P
$665,146
Dunham & Co
Fundraising/consulting
$314,275
Affinity Express Inc
Digital Media Services
$293,500
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$6,102
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$15,469,981
Noncash contributions included in lines 1a–1f $8,825
Total Revenue from Contributions, Gifts, Grants & Similar$15,476,083
Total Program Service Revenue$2,764,352
Investment income $17,885
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$39,148
Net Gain/Loss on Asset Sales $612,743
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $18,831,915

Grants Awarded

Over the last fiscal year, Way Media Inc has awarded $54,910 in support to 2 organizations.

Grant RecipientAmount

JESSIE REES FOUNDATION

Org PageRecipient Profile

Rancho Santa Margarita, CA

PURPOSE: Contribution

$32,360

Washington, DC

PURPOSE: Contribution

$22,550
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Way Media Inc has recieved totaling $78,240.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: RELIGION RELATED

$27,840
National Christian Charitable Foundation Inc

Alpharetta, GA

PURPOSE: CULTURE

$21,700
O Sullivan Family Charitable Foundation

Birmingham, AL

PURPOSE: CHARITABLE

$15,000
Community Foundation Of Greater Huntsville

Huntsville, AL

PURPOSE: RELIGION RELATED

$7,700
The Community Foundation For Greater Atlanta Inc

Atlanta, GA

PURPOSE: RELIGION-RELATED

$6,000
View Grant Recipient Profile

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