The Christian Broadcasting Network



CBN, INC. AND AFFILIATED ORGANIZATIONS

Condensed Financial Information for the years ended March 31, 2006 and 2005

 

Statements of Activities - Condensed (in thousands)

2006
2005
Ministry Support and Revenues:
  Ministry support
$ 253,947
58.1%
$ 239,620
51.8%
  Gifts in kind
173,621
39.7%
217,685
47.1%
  Investment income and other revenue, net
9,785
2.2%
5,258
1.1%
  Total Ministry Support and Revenues
437,353
462,563
Ministry Expenses:
  Ministry and program
(368,206)
(382,988)
  Fundraising
(29,538)
(26,295)
  General and administrative
(16,371)
(14,903)
  Total Ministry Expenses
(414,115)
(424,186)
Other gains and losses, net
64
(2,888)
Increase in Net Assets
$ 23,302
$ 35,489
       

Balance Sheets - Condensed (in thousands)

2006
2005
Assets:
  Cash and investments
$ 57,395
$ 42,246
  Pledges and contributions receivable, net
50,745
47,668
  Gifts in kind inventories
6,652
27,038
  Other current assets
5,167
4,747
  Fixed assets, net of depreciation
60,182
59,719
  Trust assets
69,979
69,954
  Other assets
940
1,323
  Total Assets
$ 251,060
$ 252,695
       
Liabilities:
  Deferred gifts in kind revenue
$ 6,652
$ 27,038
  Other current liabilities
14,990
13,944
  Long-term debt and capital leases
9,916
15,513
  Total Liabilities
31,558
56,495
Net Assets
219,502
196,200
Total Liabilities and Net Assets
$ 251,060
$ 252,695

 


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).