The Christian Broadcasting Network



The Christian Broadcasting Network, Inc. and Affiliated Organizations

Condensed Financial Information for the years ended March 31, 2014 and March 31, 2013

 

Statements of Activities - Condensed (in thousands)

2014
2013
Ministry Support and Revenues:
  Ministry support
$ 303,849
48.8%
$ 294,711
54.3%
  Gifts in kind
317,165
50.9%
244,994
45.2%
  Investment gain (loss) and other revenue, net
1,888
0.3%
2,650
0.5%
  Total Ministry Support and Revenues
622,902
100.0%
542,355
100.0%
Ministry Expenses:
  Ministry and program
(579,550)
93.0%
(491,711)
90.7%
  Fundraising
(28,387)
4.6%
(27,520)
5.0%
  General and administrative
(15,238)
2.4%
(15,857)
2.9%
  Total Ministry Expenses
(623,175)
(535,088)
Other gains (losses), net
393
78
Increase in Net Assets
$ 120
0.0%
$ 7,345
1.4%
       

Statements of Financial Position - Condensed (in thousands)

2014
2013
Assets:
  Cash and investments
$ 53,695
$ 52,868
  Pledges and contributions receivable, net
71,521
73,420
  Gifts in kind inventories
34,574
83,141
  Other current assets
6,205
5,989
  Fixed assets, net of depreciation
86,901
77,938
  Other assets
20,502
17,074
           
Total Assets
$ 273,398
$ 310,430
         
Liabilities:
  Deferred gifts in kind revenue
$ 34,574
$ 83,141
  Other current liabilities
25,363
24,187
  Long-term debt
39,890
29,652
           
  Total Liabilities
99,827
136,980
Net Assets
173,571
173,450
Total Liabilities and Net Assets
$ 273,398
$ 310,430

 


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).