The Christian Broadcasting Network


The Christian Broadcasting Network, Inc. and Affiliated Organizations

Condensed Financial Information for the years ended March 31, 2015 and March 31, 2014

 

Statements of Activities - Condensed (in thousands)

2015
2014
Ministry Support and Revenues:
  Ministry support
$ 298,446
55.9%
$ 303,849
48.8%
  Gifts in kind
236,346
44.3%
317,165
50.9%
  Other revenue and investment loss, net
(806)
(0.2%)
1,888
0.3%
  Total Ministry Support and Revenues
533,986
100.0%
622,902
100.0%
Ministry Expenses:
  Ministry and program
(505,557)
94.7%
(579,550)
93.0%
  Fundraising
(29,567)
5.5%
(28,387)
4.6%
  General and administrative
(16,624)
3.1%
(15,238)
2.4%
  Total Ministry Expenses
(551,748)
(623,175)
Other gains, net
54
393
Increase (Decrease) in Net Assets
$(17,708)
(3.3%)
$ 120
0.0%
       

Statements of Financial Position - Condensed (in thousands)

2015
2014
Assets:
  Cash and investments
$ 48,297
$ 53,695
  Pledges and contributions receivable, net
63,608
71,521
  Gifts in kind inventories
94,683
34,574
  Other current assets
6,211
6,205
  Fixed assets, net of depreciation
85,102
86,901
  Other assets
22,306
20,502
           
Total Assets
$ 320,207
$ 273,398
         
Liabilities:
  Deferred gifts in kind revenue
$ 94,683
$ 34,574
  Other current liabilities
22,581
25,363
  Long-term debt
46,810
39,890
           
  Total Liabilities
164,344
99,827
Net Assets
155,863
173,571
Total Liabilities and Net Assets
$ 320,207
$ 273,398

 


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).