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.
Form
990T
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Scaggs Former CEO (former Officer) | 0 | $285,700 | |
Billy J O'neal Chief Development Officer | Officer | 40 | $203,345 |
Ron Harrell Vp, Content | Officer | 40 | $200,250 |
Tim Dukes Interim Ceo/president | OfficerTrustee | 40 | $196,105 |
James Marshall Vp, Broadcast Operations | Officer | 40 | $167,457 |
Gary Wallace Morning Show Host | 40 | $161,082 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Nuvoodoo Media Services Llc Marketing, Music Research, Music Test, P | 5/18/22 | $665,146 |
Dunham & Co Fundraising/consulting | 5/18/22 | $314,275 |
Affinity Express Inc Digital Media Services | 5/18/22 | $293,500 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $4,900 |
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. | $837,808 |
Compensation of current officers, directors, key employees. | $226,816 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,322,969 |
Pension plan accruals and contributions | $122,665 |
Other employee benefits | $486,382 |
Payroll taxes | $436,222 |
Fees for services: Management | $0 |
Fees for services: Legal | $67,551 |
Fees for services: Accounting | $56,874 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $362,410 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $282,735 |
Advertising and promotion | $1,329,548 |
Office expenses | $1,131,270 |
Information technology | $515,821 |
Royalties | $0 |
Occupancy | $1,526,626 |
Travel | $372,245 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $97,140 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $346,133 |
Insurance | $151,211 |
All other expenses | $259,839 |
Total functional expenses | $14,951,759 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $0 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $0 |
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 | $0 |
Over the last fiscal year, Way Media Inc has awarded $54,910 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Rancho Santa Margarita, CA PURPOSE: Contribution | $32,360 |
Washington, DC PURPOSE: Contribution | $22,550 |
Over the last fiscal year, we have identified 5 grants that Way Media Inc has recieved totaling $78,240.
Awarding Organization | Amount |
---|---|
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 |
Organization Name | Assets | Revenue |
---|---|---|
Way Media Inc Colorado Springs, CO | $0 | $18,831,915 |
World Radio Missionary Fellowship Inc Colorado Springs, CO | $13,611,654 | $9,719,991 |
Family Life Broadcasting System Tucson, AZ | $3,403,352 | $4,263,309 |
Family Life Broadcasting System Tucson, AZ | $16,789,699 | $6,997,211 |
Dare 2 Share Ministries Arvada, CO | $3,481,447 | $3,965,885 |
Back To The Bible Foundation Lincoln, NE | $6,215,182 | $645,272 |
Tri State Broadcasting Assn Inc North Platte, NE | $573,753 | $637,138 |
Divine Mercy Radio Inc Hays, KS | $1,105,832 | $390,536 |
Relevant Media Inc Yuma, AZ | $746,004 | $357,626 |
Plymouth Gathering Greeley, CO | $447,090 | $205,803 |
Shine Ministries Inc Flagstaff, AZ | $3,294 | $118,209 |
Broken Arrow Catholic Radio Inc Broken Arrow, OK | $0 | $415,496 |