Is it real?
No. The IRS revoked its tax exemption. Latest filing on record: FY2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
64 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
18 people listed on the 990; $1.7M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2022 | FY2021 | FY2020 |
|---|---|---|---|
| John Scaggs | $285,700 | $234,344 | $220,579 |
| Billy J O'Neal | $203,345 | $163,672 | $183,247 |
| Ron Harrell | $200,250 | — | — |
| Tim Dukes | $196,105 | — | — |
| Tim Dukes - Interim CEO | — | $195,672 | — |
| Timothy Dukes | — | — | $183,436 |
| James Marshall | $167,457 | $148,340 | $139,877 |
| Gary Wallace | $161,082 | $155,296 | $149,784 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Broadcasts Christian music and messages on radio stations and a network.
Questions for Way Media INC
Your first name shows with your question. Way Media INC answers here, for everyone.
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.6M | $0 |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $2.9M | $0 |
| Total assetsLn 16 | $26.8M | $0 |
| LiabilitiesLn 26 | $5.1M | $0 |
| Net assetsLn 32 | $21.7M | $0 |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $5K | $5K | ||
| Pay of current officers, directors and key staffLn 5 | $838K | $502K | $227K | $109K |
| Other salaries and wagesLn 7 | $5.3M | $3.2M | $1.4M | $692K |
| Pension plan contributionsLn 8 | $123K | $74K | $33K | $16K |
| Other employee benefitsLn 9 | $486K | $292K | $130K | $64K |
| Payroll taxesLn 10 | $436K | $262K | $118K | $57K |
| Legal feesLn 11b | $68K | $68K | ||
| Accounting feesLn 11c | $57K | $57K | ||
| Professional fundraising feesLn 11e | $362K | $362K | ||
| Other fees for servicesLn 11g | $283K | $191K | $87K | $4K |
| Advertising and promotionLn 12 | $1.3M | $1.2M | $12K | $153K |
| Office expensesLn 13 | $1.1M | $329K | $563K | $240K |
| Information technologyLn 14 | $516K | $300K | $161K | $55K |
| OccupancyLn 16 | $1.5M | $1.4M | $79K | $46K |
| TravelLn 17 | $372K | $193K | $121K | $58K |
| InterestLn 20 | $97K | $93K | $3K | $1K |
| Depreciation, depletion and amortizationLn 22 | $346K | $332K | $9K | $5K |
| InsuranceLn 23 | $151K | $145K | $4K | $2K |
| Other expenses (24a–d)Ln 24 | $1.2M | $840K | $388K | $14K |
| All other expensesLn 24e | $260K | $260K | ||
| Total functional expensesLn 25 | $15.0M | $9.6M | $3.5M | $1.9M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2022 Latest Viewing | $18.8M | $15.0M | $3.9M | $0 | 990 PDF |
| FY2021 | $19.4M | $15.7M | $3.7M | $21.7M | 990 PDF |
| FY2020 | $19.0M | $15.6M | $3.4M | $18.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $18,831,915 revenue, 12 lines filed
Part VI · Governance 8 of 9 board members independent, no flags
Part VIII · Statement of revenue $18,831,915 across 9 lines filed
Part IX · Statement of functional expenses $14,951,759 across 20 lines filed
Part X · Balance sheet $0 assets, 19 lines filed
Part XI · Reconciliation of net assets $0 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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