Civic Intelligence

Atlantic Gateway Communications Inc.

990 • Fiscal year 2023 • EIN 82-5013506

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 08, 2024

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

0.66x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

87th percentile

1.85x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

29th percentile

-3.2%

Higher net margin than 29% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

71st percentile

$257,664

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

64th percentile

11%

Faster asset growth than 64% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

51st percentile

6.0%

Faster revenue growth than 51% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$23,522,639

Up $2,381,744 (+11%) from 2022

Net Assets

Down

$7,930,925

Down $268,591 (-3.3%) from 2022

Liabilities

Up

$15,591,714

Up $2,650,335 (+20%) from 2022

Revenue

Up

$8,440,902

Up $475,106 (+6.0%) from 2022

Expenses

Up

$8,709,493

Up $1,270,945 (+17%) from 2022

Net Income

Down

-$268,591

Down $795,839 (-151%) from 2022

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

2023

Assets$23,522,639
Liabilities$15,591,714
Net Assets$7,930,925

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

2023

Revenue$8,440,902
Expenses$8,709,493
Net Income-$268,591
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 8, 2024
Return Version
2023v5.0
Gross Receipts
$8,440,902
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,761,655$8,223,085▲ $2,461,430
Intangible Assets$5,938,928$5,938,928→ $0
Investments in Publicly Traded Securities$1,202$5,001,202▲ $5,000,000
Savings and Temporary Cash Investments$6,478,251$2,108,025▼ $4,370,226
Cash and Non-Interest-Bearing Accounts$2,692,879$1,993,786▼ $699,093
Prepaid Expenses and Deferred Charges$134,621$128,641▼ $5,980
Pledges and Grants Receivable$52,960$16,573▼ $36,387
Accounts Receivable$1,882$1,882→ $0
Total Assets$21,140,895$23,522,639▲ $2,381,744
Other Assets Total$78,517$110,517▲ $32,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,266,362$9,020,292▼ $246,070
Other Liabilities$3,572,137$6,544,645▲ $2,972,508
Accounts Payable and Accrued Expenses$102,880$26,777▼ $76,103
Total Liabilities$12,941,379$15,591,714▲ $2,650,335
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,199,516$7,930,925▼ $268,591
Total Net Assets Fund Balance$8,199,516$7,930,925▼ $268,591
Total Liabilities and Net Assets / Fund Balance$21,140,895$23,522,639▲ $2,381,744

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,013,553$789,899$6,803,452
Leasehold Improvements$1,665,844$505,704$2,171,548
Equipment$543,688$1,040,841$1,584,529
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin KruegerPresident/ceFT$221,170$36,494$257,664
Kevin KruegerPresident/CEO-$201,094$62,378$257,664
Kelly CarvalhoEmployeeFT$134,850$51,074$185,924
Ebenezer AsiemEmployeeFT$144,032$36,650$174,874
Ralph George RhodesEmployeeFT$154,155$12,867$172,830
Michael AgeeEmployeeFT$131,354$29,962$161,316
Jerry WoodsEmployeeFT$120,998$29,597$156,403
Donald MartinCorporate Se-$1,086-$1,086

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
Terry JohnsonBoard Member
Duane DorchTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Four Star PrintingPrinting43671 TRADE CENTER PLACE SUITE 154, Dulles, VA 20166$191,510
Vidare Creative LLCFundraising5016 SPEDALE CT 195, Spring Hill, TN 37174$177,966
Dunham CompanyFundraising6111 W PLANO PKWY SUITE 2200, Plano, TX 75093$129,659
Mediatech USA INCEngineering300 RIDGELINE ROAD, Union Grove, NC 28689$126,400
Tm Design INCDesign5807 UNDERWOOD COURT, Adamstown, MD 21710$126,326
Revenue and Support

Revenue Composition

Contributions and Grants
$8,002,621
Program Service Revenue
$255,894
Investment Income
$160,174
Other Revenue
$22,213
All Other Contributions
$8,002,621
Change in Net Assets
$-268,591

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,440,902
Total Revenue per Audited Statements
$8,440,902
Total Revenue per Form 990
$8,440,902
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,318,210
Salaries, Compensation, and Employee Benefits$4,083,658
Total Fundraising Expense$1,093,665
Professional Fundraising Fees$307,625
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,996,775$368,792$352,298$2,717,865
Other Employee Benefits$621,374$216,981$112,484$950,839
Depreciation Depletion$725,713$115,980$31,395$873,088
Interest$481,761$16,607$8,609$506,977
Information Technology$402,392$29,210$15,761$447,363
Fees for Services Other$290,295$37,980$94,024$422,299
Current Officers, Directors, Trustees, and Key Employees$50,394$346,236$18,324$414,954
Fees for Services Professional Fundraising--$307,625$307,625
Occupancy$230,282$47,250$14,582$292,114
Advertising$281,544--$281,544
All Other Expenses$227,991$39,512$7,908$275,411
Travel$97,212-$18,702$115,914
Insurance$72,838$25,056$12,704$110,598
Other Expenses$105,360$4,142$62,928$105,360
Fees for Services Accounting-$100,990-$100,990
Office Expenses$65,784$2,207$26,246$94,237
Fees for Services Management$52,500--$52,500
Conferences and Meetings$38,756$1,165$2,852$42,773
Fees for Services Legal$25,090--$25,090
Total Functional Expenses$6,263,720$1,352,108$1,093,665$8,709,493

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,709,493
Total Expenses per Audited Statements$8,709,493
Total Expenses per Form 990$8,709,493
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$307,625
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$1,086
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability- Building$6,062,246
Lease Liability- Tower$482,399
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 subsequent to the fiscal year end, 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.

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.

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. During the year 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
2024-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Krueger
Formed
2018
Legal Domicile
Md
Voting Board Members
11
Independent Board Members
10
Employees
54
Volunteers
50

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, Page 2, Part III, Line 4A

To encourage everyone we encounter to take one step closer to christ." over 500,000 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 88.3 (wgbz) along the eastern shore. The award-winning radio stations are the primary media ministries of atlantic gateway communications, a non-profit- 501(c)3 organization. Funded by tax-deductible donations mainly from individuals, the ministry is 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. The culturally-relevant content is created or delivered by local staff and touches every area of life including physical and mental health, relationships, finances, and spiritual well-being. By bringing people together and building community, wgts creates life-impacting connection, serves as an encouraging voice for the lonely and disconnected in our society, and mobilizes local communities to help each other who are in need in tangible ways. A powerful and newer 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). Over 20 years in the making, wgts's christian and educational impact now covers the maryland and delaware beach communities with daily messages of hope and god's love. Program services are delivered through various platforms and other types of media which support and enhance the primary purpose. These include noncommercial and educational broadcasting on-air, various online platforms including the newly acquired and popular internet-only "all worship" channel plus 4 additional music channels, 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 industry's highest honors by the national association of broadcasters (nab), receiving the marconi award for 2021 "religious station of the year." the station received 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 4th consecutive year by the best christian workplaces institute (bcwi).

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/Desc0TO ENCOURAGE EVERYONE WE ENCOUNTER TO TAKE ONE STEP CLOSER TO CHRIST." OVER 500,000 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 88.3 (WGBZ) ALONG THE EASTERN SHORE. THE AWARD-WINNING RADIO STATIONS ARE THE PRIMARY MEDIA MINISTRIES OF ATLANTIC GATEWAY COMMUNICATIONS, A NON-PROFIT- 501(C)3 ORGANIZATION. FUNDED BY TAX-DEDUCTIBLE DONATIONS MAINLY FROM INDIVIDUALS, THE MINISTRY IS 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. THE CULTURALLY-RELEVANT CONTENT IS CREATED OR DELIVERED BY LOCAL STAFF AND TOUCHES EVERY AREA OF LIFE INCLUDING PHYSICAL AND MENTAL HEALTH, RELATIONSHIPS, FINANCES, AND SPIRITUAL WELL-BEING. BY BRINGING PEOPLE TOGETHER AND BUILDING COMMUNITY, WGTS CREATES LIFE-IMPACTING CONNECTION, SERVES AS AN ENCOURAGING VOICE FOR THE LONELY AND DISCONNECTED IN OUR SOCIETY, AND MOBILIZES LOCAL COMMUNITIES TO HELP EACH OTHER WHO ARE IN NEED IN TANGIBLE WAYS. A POWERFUL AND NEWER 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). OVER 20 YEARS IN THE MAKING, WGTS'S CHRISTIAN AND EDUCATIONAL IMPACT NOW COVERS THE MARYLAND AND DELAWARE BEACH COMMUNITIES WITH DAILY MESSAGES OF HOPE AND GOD'S LOVE. PROGRAM SERVICES ARE DELIVERED THROUGH VARIOUS PLATFORMS AND OTHER TYPES OF MEDIA WHICH SUPPORT AND ENHANCE THE PRIMARY PURPOSE. THESE INCLUDE NONCOMMERCIAL AND EDUCATIONAL BROADCASTING ON-AIR, VARIOUS ONLINE PLATFORMS INCLUDING THE NEWLY ACQUIRED AND POPULAR INTERNET-ONLY "ALL WORSHIP" CHANNEL PLUS 4 ADDITIONAL MUSIC CHANNELS, 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 INDUSTRY'S HIGHEST HONORS BY THE NATIONAL ASSOCIATION OF BROADCASTERS (NAB), RECEIVING THE MARCONI AWARD FOR 2021 "RELIGIOUS STATION OF THE YEAR." THE STATION RECEIVED 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 4TH CONSECUTIVE YEAR BY THE BEST CHRISTIAN WORKPLACES INSTITUTE (BCWI).
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 42,347 PPP LOAN FORGIVEN 418,510
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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