The Christian Broadcasting Network



The Christian Broadcasting Network, Inc. and Affiliated Organizations

Condensed Financial Information for the years ended March 31, 2011 and March 31, 2010

 

Statements of Activities - Condensed (in thousands)

2011
2010
Ministry Support and Revenues:
  Ministry support
$ 290,912
44.4%
$ 289,374
38.7%
  Gifts in kind
353,667
53.9%
447,856
60.0%
  Investment income and other revenue, net
11,086
1.7%
9,890
1.3%
  Total Ministry Support and Revenues
655,665
100.0%
747,120
100.0%
Ministry Expenses:
  Ministry and program
(601,549)
91.7%
(689,570)
92.2%
  Fundraising
(28,006)
4.3%
(29,993)
4.0%
  General and administrative
(16,103)
2.4%
(16,595)
2.2%
  Total Ministry Expenses
(645,658)
(736,158)
Other gains, net
403
1,159
Increase in Net Assets
$ 10,410
1.6%
$ 12,121
1.6%
       

Statements of Financial Position - Condensed (in thousands)

2011
2010
Assets:
  Cash and investments
$ 55,470
$ 47,318
  Pledges and contributions receivable, net
75,256
75,708
  Gifts in kind inventories
6,638
8,354
  Other current assets
5,318
6,145
  Fixed assets, net of depreciation
70,284
67,467
  Other assets
7,840
4,306
           
Total Assets
$ 220,806
$ 209,298
         
Liabilities:
  Deferred gifts in kind revenue
$ 6,638
$ 8,354
  Other current liabilities
21,034
20,030
  Long-term debt
19,464
17,654
           
  Total Liabilities
47,136
46,038
Net Assets
173,670
163,260
Total Liabilities and Net Assets
$ 220,806
$ 209,298

 


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 23463-0001

CBN is a member of the Evangelical Council for Financial Accountability (ECFA).