Civic Intelligence

Atlantic Gateway Communications Inc.

990 • Fiscal year 2019 • EIN 82-5013506

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 30, 2020

2099 Gaither Road Suite 105Rockville, MD 20850

(202) 902-6000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.72x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

1.49x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

82nd percentile

26%

Higher net margin than 82% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

47th percentile

$166,818

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

74th percentile

13%

Faster asset growth than 74% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

90%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$13,781,446

Up $1,610,358 (+13%) from 2018

Net Assets

Up

$3,860,188

Up $1,737,534 (+82%) from 2018

Liabilities

Down

$9,921,258

Down $127,176 (-1.3%) from 2018

Revenue

Up

$6,662,652

Up $3,157,272 (+90%) from 2018

Expenses

Up

$4,925,118

Up $3,542,392 (+256%) from 2018

Net Income

Down

$1,737,534

Down $385,120 (-18%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2019

Assets$13,781,446
Liabilities$9,921,258
Net Assets$3,860,188

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$6,662,652
Expenses$4,925,118
Net Income$1,737,534
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 30, 2020
Return Version
2019v5.0
Gross Receipts
$6,662,652
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.

CHRISTIAN RADIO

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$5,547,662$5,547,662→ $0
Savings and Temporary Cash Investments$4,851,557$3,815,423▼ $1,036,134
Land, Buildings, and Equipment, Net$334,396$2,550,169▲ $2,215,773
Cash and Non-Interest-Bearing Accounts$1,200,463$1,614,698▲ $414,235
Prepaid Expenses and Deferred Charges-$110,859-
Pledges and Grants Receivable$23,517$21,005▼ $2,512
Accounts Receivable$96,863$5,000▼ $91,863
Investments in Publicly Traded Securities$1,607$1,607→ $0
Total Assets$12,171,088$13,781,446▲ $1,610,358
Other Assets Total$115,023$115,023→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,946,306$9,780,435▼ $165,871
Accounts Payable and Accrued Expenses$102,128$140,823▲ $38,695
Total Liabilities$10,048,434$9,921,258▼ $127,176
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,211,952$3,860,188▲ $2,648,236
Net Assets With Donor Restrictions$910,702--
Total Net Assets Fund Balance$2,122,654$3,860,188▲ $1,737,534
Total Liabilities and Net Assets / Fund Balance$12,171,088$13,781,446▲ $1,610,358

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,222,177$172,635$1,394,812
Leasehold Improvements$1,297,535$41,885$1,339,420
Other Land Buildings$30,457$44,695$75,152
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin KruegerPres. & GeneFT$154,579$12,239$166,818
Kevin KruegerPres. & General Mngr-$154,579$12,239$166,818
Jerry WoodsEmployeeFT$105,459$8,311$113,770
Donald MartinCorporate Se-$10,688-$10,688

Board Members and Trustees

NameTitle
Rob VandemanChairman
Bill MillerBoard Member
Carol StewartBoard Member
Celeste Ryan BlydenBoard Member
Charles TappBoard Member
Greg ScottBoard Member
Hanna BlakeBoard Member
Jelani JacksonBoard Member
Kermit NetteburgBoard Member
Terry JohnssonBoard Member
Duane DorchTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mcp Ii Park Plaza LLCConst/upfit260 FRANKLIN STREET STE 620, Boston, MA 02110$1,318,363
Revenue and Support

Revenue Composition

Contributions and Grants
$6,349,389
Program Service Revenue
$249,588
Investment Income
$61,030
Other Revenue
$2,645
All Other Contributions
$6,349,389
Change in Net Assets
$1,737,534

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,662,652
Total Revenue per Audited Statements
$6,662,652
Total Revenue per Form 990
$6,662,652
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,654,277
Salaries, Compensation, and Employee Benefits$2,193,896
Total Fundraising Expense$321,288
Professional Fundraising Fees$76,945
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,280,362$159,814$141,332$1,581,508
Fees for Services Other$470,204--$470,204
Interest$435,869--$435,869
Other Employee Benefits$324,184$66,228$38,021$428,433
All Other Expenses$240,647$1,618$369$242,634
Advertising$240,268--$240,268
Occupancy$207,055--$207,055
Depreciation Depletion$172,555$21,036$5,619$199,210
Current Officers, Directors, Trustees, and Key Employees$43,994$126,100$13,861$183,955
Information Technology$102,598$233$3,500$106,331
Fees for Services Accounting-$92,762-$92,762
Other Expenses$58,239$445$25,440$83,679
Fees for Services Professional Fundraising--$76,945$76,945
Office Expenses$73,376--$73,376
Travel$43,052$4,493$15,429$62,974
Insurance$38,886--$38,886
Conferences and Meetings$20,729$870$681$22,280
Fees for Services Legal-$13,917-$13,917
Total Functional Expenses$4,116,314$487,516$321,288$4,925,118

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,925,118
Total Expenses per Audited Statements$4,925,118
Total Expenses per Form 990$4,925,118
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$76,945
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$10,688
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
No
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, Page 6, Part VI, Line 2

Atlantic gateway communication, inc law office of donald e. Martin director owner provides legal services

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.

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 received a copy of the conflicts of interest policy, has read and understand 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 purpose.

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

The board conducts annual review of station manager to 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
Pres. & General Mngr
Phone
3018914200
Signed
2020-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Krueger
Formed
2018
Legal Domicile
Md
Voting Board Members
13
Independent Board Members
11
Employees
61
Volunteers
150

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 - ORGANIZATION'S MISSION

To own, develop, operate and maintain facilities for noncommercial educational broadcasting and other types of media and to engage in other activities as needed. The corporation may conduct activities that support, enhance or relate to its primary purpose which is to providing educational and christian based content to the washington, dc. Metro region through broadcasting, through an online presence including a comprehensive website and social media, and through personal one-to-one interaction methods such as local on-location special events, concerts, special appearances and onsite broadcasts. Content on all platforms is geared toward relationships, health, personal finance and spiritual well-being. We believe we are here to encourage every person we encounter to take one step closer to christ. In the course of accomplishing our mission we work in cooperation with other private and public institutions, agencies and entities.

Form 990, Page 1, Part I, Line 6

The radio station receives a significant amount of donated services from unpaid volunteers who assists 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.

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/Desc0PROVIDING ENCOURAGING AND CHRISTIAN BASED CONTENT TO THE PEOPLE OF THE WASHINGTON, DC. METRO REGION THROUGH BROADCASTING ON WGTS 91.9, THROUGH AN ONLINE PRESENCE INCLUDING A COMPREHENSIVE WEBSITE AND SOCIAL MEDIA, AND THROUGH PERSONAL ONE-TO-ONE INTERACTION VIA LOCAL ON-LOCATION SPECIAL EVENTS, CONCERTS, APPEARANCES AND BROADCASTS. CONTENT ON ALL PLATFORMS IS GEARED TOWARD RELATIONSHIPS, HEALTH, PERSONAL FINANCE AND SPIRITUAL WELL- BEING.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHAIRMAN
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IRS990/FormationYr02018
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IRS990/InsuranceGrp/ProgramServicesAmt038886
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IRS990/IntangibleAssetsGrp/BOYAmt05547662
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IRS990/MissionDesc0TO OWN, DEVELOP, OPERATE AND MAINTAIN FACILITIES FOR NONCOMMERCIAL EDUCATIONAL BROADCASTING AND OTHER TYPES OF MEDIA AND TO ENGAGE IN OTHER ACTIVITIES AS NEEDED. THE CORPORATION MAY CONDUCT ACTIVITIES THAT SUPPORT, ENHANCE OR RELATE TO ITS PRIMARY PURPOSE WHICH IS TO PROVIDING EDUCATIONAL AND CHRISTIAN BASED CONTENT TO THE WASHINGTON, DC. METRO REGION THROUGH BROADCASTING, THROUGH AN ONLINE PRESENCE INCLUDING A COMPREHENSIVE WEBSITE AND SOCIAL MEDIA, AND THROUGH PERSONAL ONE-TO-ONE INTERACTION METHODS SUCH AS LOCAL ON-LOCATION SPECIAL EVENTS, CONCERTS, SPECIAL APPEARANCES AND ONSITE BROADCASTS. CONTENT ON ALL PLATFORMS IS GEARED TOWARD RELATIONSHIPS, HEALTH, PERSONAL FINANCE AND SPIRITUAL WELL-BEING. WE BELIEVE WE ARE HERE TO ENCOURAGE EVERY PERSON WE ENCOUNTER TO TAKE ONE STEP CLOSER TO CHRIST. IN THE COURSE OF ACCOMPLISHING OUR MISSION WE WORK IN COOPERATION WITH OTHER PRIVATE AND PUBLIC INSTITUTIONS, AGENCIES AND ENTITIES.
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IRS990/OtherExpensesGrp/Desc0BANK FEES
IRS990/OtherExpensesGrp/Desc1GENERAL SUPPLIES & EXP
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3POSTAGE & MAILING
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IRS990/OtherExpensesGrp/TotalAmt290072
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IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfficerNm0KEVIN KRUEGER
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IRS990/ProgramServiceRevenueGrp/Desc0UNDERWRITING
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IRS990/PYInvestmentIncomeAmt011152
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
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IRS990/RevenueAmt0249588
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04851557
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03815423
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 2,645
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06349389
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03451836
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09801225
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt061030
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt011152
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt072182
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0291980
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IRS990ScheduleA/TotalSupportAmt09876052
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt01222177
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0172635
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01394812
IRS990ScheduleD/ExpensesSubtotalAmt04925118
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01297535
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt041885
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01339420
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt030457
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt044695
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt075152
IRS990ScheduleD/RevenueSubtotalAmt06662652
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ADOPTED THE ACCOUNTING GUIDANCE CONCERNING ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS FOR WHICH RESERVES WOULD BE REQUIRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt04925118
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IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt1-27089
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0VIDARE CREATIVE LLC
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt1DUNHAM SHARE MEDIA
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine2Txt0DURHAM SHARE MEDIA
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IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt127089
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt05016 SPEDALE CT 195
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt1PO BOX 261436
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine2Txt0PO BOX 261436
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0SPRING HILL
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm1PLANO

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