Overview
What is Way Media Inc?
Way Media Inc, also known as WAY-FM, is a Colorado Springs-based nonprofit organization dedicated to providing encouragement and hope to people through meaningful music and open conversations. Reaching over 3 million individuals monthly, they engage through radio broadcasts, streaming channels, apps, YouTube, and websites. With a staff of 112, they offer various programs: 1) Prayer: offering a prayer website for submissions and following up with spiritual care for thousands of individuals. 2) Spiritual Care: employing four prayer and outreach pastors who provide spiritual guidance to those in need. 3) Free Bibles: distributing free Bibles to thousands of recipients, including those who are incarcerated, impoverished, or newly-exploring faith. 4) Live Events: organizing live concerts and events to connect with their communities. 5) Discipleship: offering virtual small groups and daily email devotionals, as well as sharing daily Bible verses, to promote ongoing spiritual growth.
Official website here: www.wayfm.com/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Way Media Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The organization boasts a high percentage of independent board members, ensuring that governance is carried out with minimal conflicts of interest. Additionally, the charity excels in transparency, as evidenced by its thorough documentation practices and policies such as whistleblower protection and conflict of interest guidelines.
Financially, Way Media Inc demonstrates solid performance with a low liabilities to assets ratio and a favorable fundraising efficiency ratio. The organization spends a significant portion of its budget on programs, although its program expense ratio could be improved. Overall, the charity's financial practices and oversight mechanisms contribute to its reputation as a trustworthy nonprofit.
While Way Media Inc shows strengths in governance and financial practices, potential donors may want to note the room for improvement in its program expense ratio. Nevertheless, the overall high ratings indicate a reliable organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Way Media Inc?
98% of 308 reviewers on Facebook recommend Way Media Inc. Here is a summary of their reviews:
Many listeners appreciate the engaging content and lively atmosphere of the morning show hosted by Wolly and his team. They describe the show as both entertaining and motivational, highlighting the humor and energy that keeps them tuned in daily.
Overall, it seems that the majority of the audience finds value in the programming offered by Way Media Inc., feeling uplifted and inspired by the hosts and their message. The positive sentiment reflects a strong connection between the nonprofit and its listeners.
This AI summary has been generated from reviews found on Facebook.
Is Way Media Inc legitimate?
Way Media Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Way Media Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $837,808
Professional Fundraising Fees: $362,410
Other Salaries and Wages: $5,322,969
For more financial information, click here
Official website here: www.wayfm.com/
What is the mission statement of Way Media Inc?
Way Media Inc, operating as WAY-FM, is dedicated to spreading the message of Jesus through culturally relevant media. With a mission to influence this generation, they reach over 3 million people each month through radio, streaming channels, apps, and websites. WAY-FM provides spiritual encouragement and hope to people facing life's challenges by sharing meaningful music and honest conversations. Their team prays for thousands of prayer requests annually, ensuring each person receives multiple responses. They distribute free Bibles to those in need and host live concerts and events to connect with the community. WAY-FM also offers spiritual growth resources, including a virtual small group and daily devotionals, and provides a live online chat for those seeking spiritual guidance. Their discipleship initiatives aim to help people deepen their faith and connect with local churches.
Official website here: www.wayfm.com/
Who is the CEO of Way Media Inc?
Tim Dukes is the Interim Ceo/President of Way Media Inc. The CEO's salary of Way Media Inc is $196,105 and their total compensation is $210,456.
Official website here: www.wayfm.com/
What is the revenue of Way Media Inc?
Way Media Inc's revenue in 2022 was $18,831,915.
Official website here: www.wayfm.com/
Who are the executives of Way Media Inc and what are their salaries?
The average compensation at Way Media Inc during 2022 was $55,007. There are 112 employees and 58 volunteers at Way Media Inc.
Here are 18 key members and their salaries (Way Media Inc's CEO's salary is $196,105 and their total compensation is $210,456):
- Compensation: $196,105
- Related: $0
- Other: $14,351
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $203,345
- Related: $0
- Other: $31,930
- Compensation: $200,250
- Related: $0
- Other: $25,938
- Compensation: $167,457
- Related: $0
- Other: $33,214
- Compensation: $161,082
- Related: $0
- Other: $28,135
- Compensation: $137,105
- Related: $0
- Other: $30,917
- Compensation: $150,853
- Related: $0
- Other: $6,590
- Compensation: $122,128
- Related: $0
- Other: $31,378
- Compensation: $125,697
- Related: $0
- Other: $21,827
- Compensation: $285,700
- Related: $0
- Other: $28,528
Official website here: www.wayfm.com/
Where can I find the form 990 for Way Media Inc?
Way Media Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wayfm.com/
Learn more at the official website: www.wayfm.com/
Mission Statement of Way Media Inc
Way Media Inc, also known as WAY-FM, is a dynamic organization that operates both commercial and non-commercial Christian radio stations and a radio network. In simple terms, their mission is to influence this generation to love and follow Jesus through culturally relevant media. They strive to be a source of encouragement and hope for people facing life's challenges.
Reaching an audience of over 3 million people each month, Way Media employs various mediums such as broadcast radio, streaming channels, the WayFM app, YouTube, and websites, WayNation.com and WayFM.com. Their content is not just limited to radio; they are actively investing in digital media to stay culturally relevant. Way Media's team prides itself on local involvement in the communities they serve and their commitment to ministry, both on the airwaves and behind the scenes.
Way Media's mission is brought to life through several impactful programs. Their first initiative is to point people to Jesus through meaningful music and honest conversation, both on the radio and digitally. They provide a platform for prayer requests, ensuring each request is prayed for multiple times. This outreach not only offers spiritual care but also encourages listeners towards involvement in a local church.
Way Media offers a free Bible to anyone who requests one, with approximately 5,000 Bibles mailed each year. They cater to various demographics including those who are incarcerated, impoverished, or seeking faith. Additionally, they host live concerts and events throughout the year to engage with their community and promote spiritual growth.
Another program, the World's Biggest Small Group, is a virtual small group designed to help people grow in their faith. Participants receive a daily email devotional with spiritual themes, and well-known personalities and influencers join to share their personal stories. Way Media also shares a daily Bible verse on the radio and offers it via email, making spiritual growth accessible to all.
Way Media's 24/7 chat is an online platform where people can chat with someone who cares to help answer questions and provide spiritual guidance and encouragement. This tool is an effective evangelistic tool, offered in cooperation with Groundwire Ministries.
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Impact
October, 2024
Way Media Inc significantly impacts individuals and communities by offering encouragement, hope, and spiritual guidance through various media platforms. With a reach of over 3 million people each month, WayFM combines meaningful music and honest conversations to draw listeners towards a deeper faith in Jesus, helping them navigate life's challenges with joy and strength.
The organization actively engages with its audience by responding to prayer requests, providing spiritual care through trained pastors, and distributing free Bibles to those in need. This comprehensive approach to ministry ensures that individuals feel supported and connected, particularly those who may feel isolated or disenfranchised, such as those who are incarcerated or impoverished.
WayFM also fosters community connection through live events and concerts, encouraging fellowship among listeners and reinforcing their mission of spiritual growth. Programs like the World's Biggest Small Group provide opportunities for ongoing discipleship, while daily Bible verses and a 24/7 chat service reinforce their commitment to being accessible and supportive to all who seek guidance.
Overall, Way Media Inc plays a crucial role in promoting faith, providing solace, and facilitating personal growth within various communities, demonstrating its dedication to uplifting and encouraging individuals through various innovative and culturally relevant channels.
This information is meant to be a general summary of Way Media Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $630,628
- Program Service Revenue: $2,764,352
- Gross Receipts: $19,046,560
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Broadcast Revenue
Revenue
$2,141,829
Concert Series Revenue
Revenue
$401,249
Organization Details
Founding Year
1985
Phone
(719) 533-0300Principal Officer
Tim Dukes
Main Address
4820 Centennial Blvd Suite 115, Colorado Springs, CO, 80919
Website
www.wayfm.com/NTEE Category
Code: X840 - Religion related
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