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).