EIN 59-2659856

WAY-FM Network

IRS 501(c) type
501(c)(3)
Num. employees
112
Year formed
1985
Most recent tax filings
2022-05-01
Notice
This nonprofit is terminated or no longer active
WAY-FM Network may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.
Description
The WAY-FM Network is a national, non-profit radio broadcasting network in the United States that primarily plays Contemporary Christian music operating in 11 states. It is based in Colorado Springs, Colorado.
Also known as...
Way Media; Way-Fm Media Group
Total revenues
$18,831,915
2022
Total expenses
$14,951,759
2022
Total assets
$0
2022
Num. employees
112
2022

Program areas at WAY-FM Network

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.

Who funds WAY-FM Network

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$32,688
Schwab Charitable FundReligion Related$27,840
Research Educational FoundationGeneral Support$25,000
...and 8 more grants received

Personnel at WAY-FM Network

NameTitleCompensation
Tim DukesInterim Chief Executive Officer and President$196,105
Tim Dukes - Interim CeoPresident; Chief Operating Officer$195,672
Billy J O'NealChief Development Officer / Senior Development Director / Senior Develpment Director$203,345
James MarshallVice President , Broadcast Operations / Manager$167,457
Ron HarrellVice President , Content$200,250
...and 16 more key personnel

Financials for WAY-FM Network

RevenuesFYE 05/2022
Total grants, contributions, etc.$15,476,083
Program services$2,764,352
Investment income and dividends$17,885
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-39,148
Net gain from sale of non-inventory assets$612,743
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$18,831,915

Form 990s for WAY-FM Network

Fiscal year endingDate received by IRSFormPDF link
2022-052023-04-13990View PDF
2021-062022-03-08990View PDF
2020-062021-04-06990View PDF
2019-062020-11-19990View PDF
2018-062019-06-19990View PDF
...and 10 more Form 990s

Organizations like WAY-FM Network

OrganizationLocationRevenue
Family TalkColorado Springs, CO$10,741,479
New Life MinistriesLake Forest, CA$8,402,272
Three Angels Broadcasting Network I (3ABN)West Frankfort, IL$16,993,879
Relevant RadioGreen Bay, WI$30,552,688
Bible Broadcasting Network (BBN)Charlotte, NC$19,453,419
Far East Broadcasting Company (FEBC)La Mirada, CA$16,885,505
Crown Financial MinistriesKnoxville, TN$6,077,534
Immaculate Heart RadioLoomis, CA$8,243,235
Endtime MinistriesPlano, TX$5,331,974
Z MinistriesAltamonte Springs, FL$6,461,540
Data update history
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 14, 2023
Updated personnel
Identified 5 new personnel
June 10, 2023
Used new vendors
Identified 3 new vendors, including , , and
May 10, 2023
Updated personnel
Identified 7 new personnel
Nonprofit Types
Radio producers / broadcasters
Issues
Religion
Characteristics
ReligiousChristianNational levelTerminated
General information
Address
4820 Centennial Blvd Suite 115
Colorado Springs, CO 80919
Metro area
Colorado Springs, CO
County
El Paso County, CO
Website URL
wayfm.com/ 
Facebook page
wayfmradio 
Twitter profile
@wayfmradio 
IRS details
EIN
59-2659856
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1985
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
X80: Religious Media, Communications Organizations
NAICS code, primary
51511: Radio Broadcasting
Parent/child status
Independent
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