Pilgrim Radio Network/Western Inspirational Broadcasters Inc.

Summary

Our mission is to establish and operate radio stations and related media facilities for the purpose of advancing a program of Christian education using an artful blend of music and Scripture, stimulating instruction, interesting guests, and great books, all done in the public interest.


Contact information

Mailing address:
Pilgrim Radio
P.O. Box 21888
Carson City, 89721

Website: https://pilgrimradio.com/

Phone: 775-883-5647

Email: info@pilgrimradio.com


Organization details

EIN: 237032845

CEO/President: TIM A WEIDEMANN

Chairman:

Board size: 0

Founder:

Year founded: 1969

Tax deductible: Yes

Fiscal year end:

Member of ECFA: No

Member of ECFA since:


Purpose


Mission statement

Our mission is to establish and operate radio stations and related media facilities for the purpose of advancing a program of Christian education using an artful blend of music and Scripture, stimulating instruction, interesting guests, and great books, all done in the public interest.


Statement of faith

We do affirm and declare our belief in the Christian faith and do set forth the following: - The Bible as the divinely inspired and authoritative word of God. - The triune Godhead in three persons: Father, Son and Holy Spirit. - The personality of Satan and his present control over unregenerate man. - The fall and lost estate of man whose total depravity makes necessary his new birth. - The deity of Jesus Christ, His virgin birth, death, bodily resurrection, present exaltation at God's right hand and His coming again. - The reconciliation of man to God by the substitutionary death and shed blood of Jesus Christ, our Savior. - The resurrection of the saved unto everlasting life and blessedness in heaven and the resurrection of the unsaved unto everlasting punishment in hell. - The Church, the indivisible body of Christ, bound together by the Holy Spirit, consisting only of those who are born again, for whom He now makes intercession in heaven and for whom He shall come again. - Christ's great commission to the Church to go into all the world and preach the Gospel to every creature, baptizing and teaching those who believe.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Radio/ TV Stations

CategoryRatingOverall rankSector rank
Overall efficiency rating63 of 5911 of 23
Fund acquisition rating61 of 5913 of 23
Resource allocation rating33 of 5911 of 23
Asset utilization rating271 of 5915 of 23

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620122011
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%2%2%3%3%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%2%2%2%3%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%98%98%86%97%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%2%2%3%3%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%2%2%14%3%1%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620122011
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%95%95%86%82%87%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%100%109%84%106%101%
Program output ratio Program output ratio =
Program services /
Total revenue
80%95%104%72%87%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%0%-9%16%-6%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%0%-9%19%-6%-1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%4%3%11%15%11%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620122011
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.041.141.100.981.171.08
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.721.571.881.561.771.77
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.181.802.061.532.071.92
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620122011
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.750.00127.03108.25253.89281.86
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.000.010.010.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.746.685.777.785.776.24
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620122011
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%0%0%1%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
77%87%91%102%85%92%

Financials

Balance sheet
 
Assets20182017201620122011
Cash$497,147$417,959$513,700$379,285$404,757
Receivables, inventories, prepaids$3,587$1,367$2,780$278$0
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$500,734$419,326$516,480$379,563$404,757
Long-term investments$0$0$0$0$0
Fixed assets$285,070$368,824$290,599$293,084$311,274
Other long-term assets$0$0$0$0$0
Total long-term assets$285,070$368,824$290,599$293,084$311,274
Total assets$785,804$788,150$807,079$672,647$716,031
 
Liabilities20182017201620122011
Payables and accrued expenses$0$2,445$4,771$1,495$1,436
Other current liabilities$0$856$0$0$0
Total current liabilities$0$3,301$4,771$1,495$1,436
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$0$3,301$4,771$1,495$1,436
 
Net assets20182017201620122011
Unrestricted$0$0$0$0$0
Temporarily restricted$0$0$0$0$0
Permanently restricted$0$0$0$0$0
Net assets$785,804$784,849$802,308$671,152$714,595
 
Revenues and expenses
 
Revenue20182017201620122011
Total contributions$886,701$779,127$805,976$718,563$759,620
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$1,433$2,610$122,277$23,830$8,744
Other revenue$12,266$10,943$11,264$600$0
Total other revenue$13,699$13,553$133,541$24,430$8,744
Total revenue$900,400$792,680$939,517$742,993$768,364
 
Expenses20182017201620122011
Program services$852,778$823,143$678,684$646,907$674,114
Management and general$33,449$29,384$89,949$119,483$84,243
Fundraising$13,514$13,135$20,853$20,046$16,852
Total expenses$899,741$865,662$789,486$786,436$775,209
 
Change in net assets20182017201620122011
Surplus (deficit)$659($72,982)$150,031($43,443)($6,845)
Other changes in net assets$0$0$0$0$0
Total change in net assets$659($72,982)$150,031($43,443)($6,845)

Response from ministry

No response has been provided by this ministry.


History

Organized as a Nevada Non-Profit Corporation on July 24, 1962, Western Inspirational Broadcasters, Inc. put KNIS-FM on the air 8 years later on November 25, 1970. During the next 20 years, the ministry installed 21 low-power FM translators to cover substantial segments of Nevada west to east along Interstate 80 and US Highway 50. In California, the translator network stretched north and south along the eastern slopes of the Sierra Nevada, Lake Tahoe, and Lake Almanor down Highway 395 to Big Pine. US 95, from the Oregon border down to Hawthorne, and communities in between are also served by this network. In 1990, the ministry expanded into Wyoming and Montana with the acquisition of KCSP-FM in Casper. It took 10 more years to establish a statewide network of an additional 21 FM translators, including one in Billings. In 2002, KLMT-FM was built to optimize the signal strength in that community. In 2008, the ministry acquired KDNR-FM in Wyoming's capital city of Cheyenne. Then in 2010, KTME-FM, Reliance-Rock Springs was built to establish a hub for the ministry's growth in Southwestern Wyoming. Also, in the Fall of 2010, KNVQ-FM, Spring Creek-Elko was built to enhance Pilgrim Radio coverage in Eastern Nevada as an additional network hub. In 2011 the ministry purchased KPMD-FM, Evanston, WY and built KMJB-FM, Hudson, serving Riverton and Lander, WY. In 2012, KDOX-FM, Big Pine, CA was built, serving Bishop, Mammoth Lakes, and the Owens Valley. All of the stations are commercial free and listener supported, operating 24 hours daily in the Pacific and Mountain time zones. In 2006, the ministry began streaming its unique program format world wide on the internet at pilgrimradio.com. From the beginning, our mission has been to faithfully and carefully declare God's Word and explain its meaning. Our intention is to advance a program of Christian education with an artful blend of music and Scripture, stimulating instruction, interesting guests, and great books. Pilgrim Radio continues to seek opportunities for service by the establishment and operation of radio stations and related media facilities in the inter-mountain and desert west and around the world.


Program accomplishments


Needs