The Christian Broadcasting Network



The Christian Broadcasting Network, Inc. and Affiliated Organizations

Condensed Financial Information for the years ended March 31, 2013 and March 31, 2012

 

Statements of Activities - Condensed (in thousands)

2013
2012
Ministry Support and Revenues:
  Ministry support
$ 294,711
54.3%
$ 290,269
59.6%
  Gifts in kind
244,994
45.2%
197,399
40.5%
  Investment gain (loss) and other revenue, net
2,650
0.5%
(575)
(0.1%)
  Total Ministry Support and Revenues
542.355
100.0%
487,093
100.0%
Ministry Expenses:
  Ministry and program
(492,597)
90.8%
(451,961)
92.8%
  Fundraising
(26,634)
4.9%
(26,611)
5.5%
  General and administrative
(15,857)
2.9%
(16,018)
3.3%
  Total Ministry Expenses
(535,088)
(494,590)
Other gains (losses), net
78
(68)
Increase (Decrease) in Net Assets
$ 7,345
1.4%
$ (7,565)
(1.6%)
       

Statements of Financial Position - Condensed (in thousands)

2013
2012
Assets:
  Cash and investments
$ 52,868
$ 53,312
  Pledges and contributions receivable, net
73,420
70,841
  Gifts in kind inventories
83,141
19,396
  Other current assets
5,989
5,382
  Fixed assets, net of depreciation
77,938
68,055
  Other assets
17,074
11,458
           
Total Assets
$ 310,430
$ 228,444
         
Liabilities:
  Deferred gifts in kind revenue
$ 83,141
$ 19,396
  Other current liabilities
24,187
23,249
  Long-term debt
29,652
19,694
           
  Total Liabilities
136,980
62,339
Net Assets
173,450
166,105
Total Liabilities and Net Assets
$ 310,430
$ 228,444

 


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).