Civic Intelligence

Atlantic Gateway Communications Inc

EIN 82-5013506 • 501(c)3 • Rockville, MD

Profile

"to encourage everyone we encounter to take one step closer to christ." 500,000 listeners depend on the 'always encouraging' christian programming on listener-funded wgts 91.9/wash dc and 88.3/eastern shore.

2099 Gaither Road Suite 105Rockville, MD 20850

www.wgts919.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.65x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

1.77x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

36th percentile

0.1%

Higher net margin than 36% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

22nd percentile

-3.0%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-0.4%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$22,823,087

Down $699,552 (-3.0%) from 2023

Liabilities

Down

$14,884,404

Down $707,310 (-4.5%) from 2023

Net Assets

Up

$7,938,683

Up $7,758 (+0.1%) from 2023

Revenue

Down

$8,405,453

Down $35,449 (-0.4%) from 2023

Expenses

Down

$8,397,695

Down $311,798 (-3.6%) from 2023

Net Income

Up

$7,758

Up $276,349 (+103%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2018: $12,171,088Liabilities 2018: $10,048,434Net Assets 2018: $2,122,6542018Assets 2019: $13,781,446Liabilities 2019: $9,921,258Net Assets 2019: $3,860,1882019Assets 2020: $16,044,864Liabilities 2020: $10,117,636Net Assets 2020: $5,927,2282020Assets 2021: $17,231,384Liabilities 2021: $9,559,116Net Assets 2021: $7,672,2682021Assets 2022: $21,140,895Liabilities 2022: $12,941,379Net Assets 2022: $8,199,5162022Assets 2023: $23,522,639Liabilities 2023: $15,591,714Net Assets 2023: $7,930,9252023Assets 2024: $22,823,087Liabilities 2024: $14,884,404Net Assets 2024: $7,938,6832024

Highlighted filing

2024

Assets$22,823,087
Liabilities$14,884,404
Net Assets$7,938,683

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2018: $3,505,380Expenses 2018: $1,382,726Net Income 2018: $2,122,6542018Revenue 2019: $6,662,652Expenses 2019: $4,925,118Net Income 2019: $1,737,5342019Revenue 2020: $7,708,177Expenses 2020: $5,641,137Net Income 2020: $2,067,0402020Revenue 2021: $8,767,157Expenses 2021: $7,022,117Net Income 2021: $1,745,0402021Revenue 2022: $7,965,796Expenses 2022: $7,438,548Net Income 2022: $527,2482022Revenue 2023: $8,440,902Expenses 2023: $8,709,493Net Income 2023: -$268,5912023Revenue 2024: $8,405,453Expenses 2024: $8,397,695Net Income 2024: $7,7582024

Highlighted filing

2024

Revenue$8,405,453
Expenses$8,397,695
Net Income$7,758

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 22, 2025
Return Version
2024v5.0
Gross Receipts
$8,405,453
Mission and Program Overview

Mission

"to encourage everyone we encounter to take one step closer to christ." 500,000 listeners depend on the 'always encouraging' christian programming on listener-funded wgts 91.9/wash dc and 88.3/eastern shore.

Agc, inc. Is a listener-funded media ministry engaging 500,000 weekly listeners through wgts and wgbz, encouraging spiritual growth through faith-based content on platforms that are; on-air, online, and in person.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,223,085$8,059,829▼ $163,256
Intangible Assets$5,938,928$5,938,928→ $0
Investments in Publicly Traded Securities$5,001,202$5,260,641▲ $259,439
Savings and Temporary Cash Investments$2,108,025$1,684,396▼ $423,629
Cash and Non-Interest-Bearing Accounts$1,993,786$1,561,114▼ $432,672
Prepaid Expenses and Deferred Charges$128,641$145,876▲ $17,235
Pledges and Grants Receivable$16,573$61,786▲ $45,213
Accounts Receivable$1,882--
Total Assets$23,522,639$22,823,087▼ $699,552
Other Assets Total$110,517$110,517→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,020,292$8,787,065▼ $233,227
Other Liabilities$6,544,645$6,086,090▼ $458,555
Accounts Payable and Accrued Expenses$26,777$11,249▼ $15,528
Total Liabilities$15,591,714$14,884,404▼ $707,310
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,930,925$7,938,683▲ $7,758
Total Net Assets Fund Balance$7,930,925$7,938,683▲ $7,758
Total Liabilities and Net Assets / Fund Balance$23,522,639$22,823,087▼ $699,552

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,565,172$1,184,218$6,749,390
Leasehold Improvements$1,946,870$718,535$2,665,405
Equipment$547,787$1,266,093$1,813,880
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin KruegerPresident/ceFT$227,280$40,311$267,591
Kevin KruegerPresident/CEO-$208,665$58,926$267,591
Kelly CarvalhoEmployeeFT$139,658$58,525$198,183
Ebenezer AsiemCFOFT$140,954$48,841$189,795
Michael AgeeEmployeeFT$134,232$37,280$162,791
Jerry WoodsEmployeeFT$124,781$28,500$162,002
Victor MuzicaEmployeeFT$124,771$27,802$152,573
Stacey Katheryn LundquistEmployeeFT$123,754$10,500$134,254
Donald MartinCorporate Se-$1,386-$1,386

Board Members and Trustees

NameTitle
Charles TappChairman
Celeste Ryan BlydenBoard Member
Dan LoukotaBoard Member
Greg ScottBoard Member
Hanna BlakeBoard Member
Kermit NetteburgBoard Member
Lerone CarsonBoard Member
Stephanie JuneauBoard Member
Terry JohnsonBoard Member
Tom WetmoreBoard Member
Duane DorchTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Vidare Creative LLCFundraising4935 MAIN ST SUITE 7-195, Spring Hill, TN 37174$193,962
Four Star PrintingPrinting43671 TRADE CENTER PLACE SUITE 154, Dulles, VA 20166$181,293
Mediatech USA INCEngineering300 RIDGELINE ROAD, Union Grove, NC 28689$166,867
Clear Communications INCIt Provider813 SILVER SPRING AVE UNIT B, Silver Spring, MD 20910$109,973
Revenue and Support

Revenue Composition

Contributions and Grants
$7,718,687
Program Service Revenue
$284,692
Investment Income
$335,810
Other Revenue
$66,264
All Other Contributions
$7,718,687
Change in Net Assets
$7,758

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded7$33,931Fair Market Value
Total Noncash Contributions7$33,931-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,405,453
Total Revenue per Audited Statements
$8,405,453
Total Revenue per Form 990
$8,405,453
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,184,278
Other Expenses$4,039,442
Total Fundraising Expense$1,016,892
Professional Fundraising Fees$173,975
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,931,763$364,715$297,551$2,594,029
Other Employee Benefits$805,985$273,871$123,877$1,203,733
Depreciation Depletion$618,540$122,624$91,238$832,402
Interest$417,745$77,979$73,013$568,737
Current Officers, Directors, Trustees, and Key Employees$50,002$315,147$21,367$386,516
All Other Expenses$331,652-$25,519$357,171
Occupancy$293,571$21,896$17,204$332,671
Fees for Services Other$276,283$9,400$6,832$292,515
Office Expenses$133,249$55,602$79,118$267,969
Advertising$255,259--$255,259
Information Technology$235,398$1,248$878$237,524
Fees for Services Professional Fundraising--$173,975$173,975
Insurance$79,102$14,866$11,975$105,943
Other Expenses$100,833-$63,825$100,833
Travel$67,697-$27,888$95,585
Fees for Services Accounting-$88,748-$88,748
Fees for Services Legal-$30,237-$30,237
Conferences and Meetings$27,036-$41$27,077
Total Functional Expenses$6,004,470$1,376,333$1,016,892$8,397,695

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,397,695
Total Expenses per Audited Statements$8,397,695
Total Expenses per Form 990$8,397,695
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$173,975
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Donald MartinBoard MemberLegal ServicesNo$1,386
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability- Building$5,631,677
Lease Liability- Tower$454,413
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI

Line 13 & 14 during the current year, the board voted to adopt a document retention policy and a whistle blower policy.

Form 990, Page 6, Part VI, Line 6

There shall be one class of members of the corporation. The members shall be those persons who are elected, appointed or otherwise designated as provided by the bylaws.

Form 990, Page 6, Part VI, Line 7A

Elected member is nominated by a majority vote of the nominating committee. Each member is entitled to one vote on each matter submitted to a vote of the members.

Form 990, Page 6, Part VI, Line 7B

Each member shall be entitled to one vote on each matter submitted to a vote of the members. The act of a majority of the members present at a meeting at which quorum is present shall be the act of the members, unless the act of a greater number is required by the law, by the articles of incorporation or by the bylaws. Each member shall cast his own vote and no vote cast by the proxy shall be recognized.

Form 990, Page 6, Part VI, Line 11B

When form 990 is completed, it is presented and reviewed with organization's board, before it is filed.

Form 990, Page 6, Part VI, Line 12C

Each director, principal officer and member of a committee with governing board delegated powers is required to annually sign a statement which affirms that he/she has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. At each meeting the board chair directs the board's attention to the agenda and asks if any are aware of any conflicts of interest now, or as we move through the agenda. This reminder is recorded in the minutes for the record.

Form 990, Page 6, Part VI, Line 15A

The board compensation committee conducts an annual review of the chief executive officer to evaluate and determine compensation and goals for the next year. In 2023, an emergency succession plan for the chief executive officer was adopted and implemented.

Form 990, Page 6, Part VI, Line 15B

The board compensation committee conducts an annual review of the chief financial officer and chief administrative officer to evaluate and determine compensation and goals for the next year.

Form 990, Page 6, Part VI, Line 19

Copies of the form 990 public inspection copy are available upon request and are included on guidestar's website as well. All other public inspection copies of governing documents are availble upon request.

Filing and Contact Details

Filer

Filer Name
Atlantic Gateway Communications Inc
EIN
82-5013506
Phone
2029026000
Address
2099 GAITHER ROAD SUITE 105, ROCKVILLE, MD 20850

Signing Officer

Name
Kevin Krueger
Title
President/CEO
Phone
3018914200
Signed
2025-08-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Krueger
Formed
2018
Legal Domicile
Md
Voting Board Members
13
Independent Board Members
12
Employees
54
Volunteers
100

Preparer

Firm
Cline Brandt Kochenower & Co Pa
Address
1225 W FLOYD BAKER BLVD, GAFFNEY, SC 29341
Preparer
Timothy S Blake Cpapfs
Phone
8644897121
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

The radio station receives a significant amount of donated services from unpaid volunteers who assist in fund-raising and special projects. No amounts have been recognized in the statement of activities because the criteria for recognition under asc 958-605-25 have not been satisfied.

Form 990, Part III

Atlantic gateway communications, inc. (agc) is a nonprofit 501(c)(3) organization primarily supported by tax-deductible contributions from individual listeners. This community-based support fuels a dynamic and expanding media ministry that serves as a constant destination of hope and encouragement-on-air, online, and in person. Agc's mission is to encourage everyone we encounter to take one step closer to christ. That mission is lived out through a growing portfolio of ministries including fm radio stations wgts 91.9 and wgbz 88.3, the audio streaming platform allworship, the global prayer community when we pray, the weekly bible teaching program simple truths for life, and a broad array of local events and digital content designed to foster deep community connection. The content of all agc ministries is created and hosted by local staff and designed to addressed felt needs-loneliness, mental and physical health, finances, and spiritual well-being-while promoting community, hope, and personal faith growth. Wgts 91.9 fm, licensed to takoma park, maryland, has served the greater washington, dc metro area since 1957. Its signal footprint has expanded over the years and since 2004 its signal covers from frederick, maryland to fredericksburg, virginia with 23,500 watts from arlington, virginia. Wgbz 88.3 fm licensed to ocean city maryland, launched in june 2021 with a 50,000-watt signal, extends the station's ministry to maryland's eastern shore, salisbury, maryland, and the delaware beach communities. Together, the stations serve an audience of approximately 500,000 weekly listeners. In 2024, agc produced 8,760 hours of original programming for these stations, including 1,000 episodes of "today in hope," which shares stories of everyday people overcoming life's challenges, and 104 episodes of "breakaway," a weekly interview program focused on local issues and felt needs of listeners in the communities the organization serves. Agc's commitment to community engagement was evident through the "hands and heart initiative," which organized monthly service projects to mobilize listeners, donors, and volunteers in response to local needs. More than 50 volunteers contributed to events and outreach in 2024. The ministry engaged directly with listeners through over 61,000 incoming phone calls, providing spiritual support and human connection. Over 49,000 people attended wgts- sponsored or supported concerts held in arenas, churches, and at county fairs. Agc maintains an active local presence through weekly "sticker stops" at area schools, churches and businesses, the annual "summer ice cream tour," "coffee connections"-a quarterly women's prayer gathering. Throughout the year, the on-air personalities presented to students on topics such as careers, spiritual growth, relationships, and more at regional elementary, middle, and high schools. Agc's digital ministries include allworship, a 24/7 global worship audio streaming platform that averaged 109,000 monthly listening hours in 2024 across seven distinct channels, including gospel, contemporary praise, praise and worship, instrumental worship, hymns and favorites, christmas worship, and spanish language worship. When we pray, an online prayer community launched in 2011, has received nearly two million prayer requests and praise reports and is fully integrated with the wgts and allworship platforms. Wgts classics, an audio streaming channel of christian music from the 1980's through the 2000's, continues to engage a faithful audience. "simple truths for life," a weekly 30-minute program hosted by pastor charles tapp, offers practical, biblical teaching and is available both on-air and as a podcast. Agc operates a dedicated video production department that creates a wide variety of original content distributed through youtube, social media, the organization's website, and mobile apps. Video podcast content includes short devotionals featuring well-known authors such as mark batterson, various

Financial Statement Notes

Schedule D, Page 3, Part X

The organization adopted the accounting guidance concerning accounting for uncertain tax positions. The organization has no uncertain tax positions for which reserves would be required.

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IRS990/Desc0AGC, INC., THROUGH WGTS AND WGBZ BROADCAST MINISTRIES DELIVERED 8,760 HOURS OF LOCALLY PRODUCED, CULTURALLY RELEVANT PROGRAMMING THAT REACHED APPROXIMATELY 500,000 WEEKLY LISTENERS ACROSS THE MID-ATLANTIC REGION. CONTENT CREATED BY LOCAL STAFF ADDRESSED FELT NEEDS-LONELINESS, MENTAL AND PHYSICAL HEALTH, FINANCES, AND SPIRITUAL WELL-BEING-WHILE PROMOTING COMMUNITY, HOPE, AND PERSONAL FAITH GROWTH. THE STATIONS STRENGTHENED COMMUNITY CONNECTION BY ANSWERING 61,226 LISTENER CALLS, AIRING 1,000 "TODAY IN HOPE" EPISODES AND PRODUCING 104 "BREAKAWAY" PROGRAMS FOCUSED ON LOCAL ISSUES. THROUGH CONSTANT ENCOURAGEMENT ON-AIR, ONLINE, AND IN PERSON, THE MINISTRIES BROUGHT PEOPLE TOGETHER, FOSTERED MEANINGFUL RELATIONSHIPS, AND ADVANCED AGC'S MISSION.
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