The Christian Broadcasting Network, Inc. and Affiliated Organizations
Condensed Financial Information for the
years ended March 31, 2014 and March 31, 2013
Statements of Activities - Condensed (in thousands)
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2014 |
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2013 |
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Ministry Support and Revenues: |
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|
|
|
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Ministry support |
$ 303,849 |
48.8% |
|
$ 294,711 |
54.3% |
|
Gifts in kind |
317,165 |
50.9% |
|
244,994 |
45.2% |
|
Investment gain (loss) and other revenue, net |
1,888 |
0.3% |
|
2,650 |
0.5% |
|
Total Ministry Support and Revenues |
622,902 |
100.0% |
|
542,355 |
100.0% |
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|
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|
|
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Ministry Expenses: |
|
|
|
|
|
|
Ministry and program |
(579,550) |
93.0% |
|
(491,711) |
90.7% |
|
Fundraising |
(28,387) |
4.6% |
|
(27,520) |
5.0% |
|
General and administrative |
(15,238) |
2.4% |
|
(15,857) |
2.9% |
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Total Ministry Expenses |
(623,175) |
|
|
(535,088) |
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|
|
|
|
|
|
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Other gains (losses), net |
393 |
|
|
78 |
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|
|
|
|
|
|
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Increase in Net Assets |
$ 120 |
0.0% |
|
$ 7,345 |
1.4% |
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|
|
|
|
|
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Statements of Financial Position - Condensed (in thousands)
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|
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2014 |
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|
2013 |
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Assets: |
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|
|
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Cash and investments |
$ 53,695 |
|
|
$ 52,868 |
|
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Pledges and contributions receivable, net |
71,521 |
|
|
73,420 |
|
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Gifts in kind inventories |
34,574 |
|
|
83,141 |
|
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Other current assets |
6,205 |
|
|
5,989 |
|
|
Fixed assets, net of depreciation |
86,901 |
|
|
77,938 |
|
|
Other assets |
20,502 |
|
|
17,074 |
|
|
|
|
|
|
|
|
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Total Assets |
$ 273,398 |
|
|
$ 310,430 |
|
|
|
|
|
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Liabilities: |
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|
|
|
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Deferred gifts in kind revenue |
$ 34,574 |
|
|
$ 83,141 |
|
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Other current liabilities |
25,363 |
|
|
24,187 |
|
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Long-term debt |
39,890 |
|
|
29,652 |
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|
|
|
|
|
|
|
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Total Liabilities |
99,827 |
|
|
136,980 |
|
|
|
|
|
|
|
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Net Assets |
173,571 |
|
|
173,450 |
|
|
|
|
|
|
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Total Liabilities and Net Assets |
$ 273,398 |
|
|
$ 310,430 |
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CBN's financial statements are audited by our independent auditors, KPMG LLP. To view the complete audited statements online, please click here.
If you would like a copy of our audited statements mailed to you, please write to:
Public Relations Department
The Christian Broadcasting Network, Inc.
977 Centerville Turnpike
Virginia Beach, Virginia 23463-1001
CBN is a member of the Evangelical Council for Financial Accountability (ECFA).
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