CBN, INC. AND AFFILIATED ORGANIZATIONS
Condensed Financial Information for the
years ended March 31, 2009 and 2008
Statements of Activities - Condensed (in thousands)
|
|
|
2009 |
|
|
2008 |
|
| Ministry Support and Revenues: |
|
|
|
|
|
| |
Ministry support |
$ 305,774 |
44.9% |
|
$ 280,435 |
51.2% |
| |
Gifts in kind |
383,421 |
56.2% |
|
258,370 |
47.2% |
| |
Investment income (loss) and other revenue, net |
(7,354) |
-1.1% |
|
8,450 |
1.6% |
| |
Total Ministry Support and Revenues |
681,841 |
|
|
547,255 |
|
|
|
|
|
|
|
|
| Ministry Expenses: |
|
|
|
|
|
| |
Ministry and program |
(636,957) |
|
|
(494,671) |
|
| |
Fundraising |
(32,443) |
|
|
(34,171) |
|
| |
General and administrative |
(18,459) |
|
|
(18,318) |
|
| |
Total Ministry Expenses |
(687,859) |
|
|
(547,160) |
|
|
|
|
|
|
|
|
| Other gains and (losses), net |
(1,527) |
|
|
(344) |
|
|
|
|
|
|
|
|
| (Decrease) in Net Assets |
$ (7,545) |
|
|
$ (249) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance Sheets - Condensed (in thousands)
|
|
|
2009 |
|
|
2008 |
|
| Assets: |
|
|
|
|
|
| |
Cash and investments |
$ 45,846 |
|
|
$ 45,243 |
|
| |
Pledges receivable, net |
58,679 |
|
|
54,973 |
|
| |
Gifts in kind inventories |
7,584 |
|
|
8,945 |
|
| |
Other current assets |
5,288 |
|
|
6,118 |
|
| |
Fixed assets, net of depreciation |
65,551 |
|
|
68,210 |
|
| |
Trust assets |
68,378 |
|
|
69,889 |
|
| |
Other assets |
763 |
|
|
301 |
|
| |
Total Assets |
$ 252,089 |
|
|
$ 253,679 |
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
| |
Deferred gifts in kind revenue |
$ 7,584 |
|
|
$ 8,945 |
|
| |
Other current liabilities |
18,265 |
|
|
16,744 |
|
| |
Long-term debt |
19,153 |
|
|
13,358 |
|
| |
Total Liabilities |
45,002 |
|
|
39,047 |
|
|
|
|
|
|
|
|
| Net Assets |
207,087 |
|
|
214,632 |
|
|
|
|
|
|
|
|
| Total Liabilities and Net Assets |
$252,089 |
|
|
$253,679 |
|
For a copy of CBN's complete financial statements audited by our independent auditors,
KPMG LLP, please write to:
Public Relations Department
The Christian Broadcasting Network, Inc.
977 Centerville Turnpike
Virginia Beach, Virginia 23463-0001
CBN is a member of the Evangelical Council for Financial Accountability (ECFA).
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