The Christian Broadcasting Network



The Christian Broadcasting Network, Inc. and Affiliated Organizations

Condensed Financial Information for the years ended March 31, 2012 and March 31, 2011

 

Statements of Activities - Condensed (in thousands)

2012
2011
Ministry Support and Revenues:
  Ministry support
$ 290,269
59.6%
$ 290,945
44.4%
  Gifts in kind
197,399
40.5%
353,667
53.9%
  Investment gain (loss) and other revenue, net
(447)
(0.1%)
11,053
1.7%
  Total Ministry Support and Revenues
487,221
100.0%
655,665
100.0%
Ministry Expenses:
  Ministry and program
(452,089)
92.8%
(601,549)
91.7%
  Fundraising
(26,611)
5.5%
(28,006)
4.3%
  General and administrative
(16,018)
3.3%
(16,103)
2.4%
  Total Ministry Expenses
(494,718)
(645,658)
Other gains (losses), net
(68)
403
Increase (Decrease) in Net Assets
$ (7,565)
(1.6%)
$ 10,410
1.6%
       

Statements of Financial Position - Condensed (in thousands)

2012
2011
Assets:
  Cash and investments
$ 53,312
$ 55,470
  Pledges and contributions receivable, net
70,841
75,256
  Gifts in kind inventories
19,396
6,638
  Other current assets
5,382
5,318
  Fixed assets, net of depreciation
68,055
70,284
  Other assets
11,458
7,840
           
Total Assets
$ 228,444
$ 220,806
         
Liabilities:
  Deferred gifts in kind revenue
$ 19,396
$ 6,638
  Other current liabilities
23,249
21,034
  Long-term debt
19,694
19,464
           
  Total Liabilities
62,339
47,136
Net Assets
166,105
173,670
Total Liabilities and Net Assets
$ 228,444
$ 220,806

 


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).