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)
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2013 |
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2012 |
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Ministry Support and Revenues: |
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Ministry support |
$ 294,711 |
54.3% |
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$ 290,269 |
59.6% |
|
Gifts in kind |
244,994 |
45.2% |
|
197,399 |
40.5% |
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Investment gain (loss) and other revenue, net |
2,650 |
0.5% |
|
(575) |
(0.1%) |
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Total Ministry Support and Revenues |
542.355 |
100.0% |
|
487,093 |
100.0% |
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Ministry Expenses: |
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|
|
|
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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% |
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Total Ministry Expenses |
(535,088) |
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|
(494,590) |
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Other gains (losses), net |
78 |
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(68) |
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Increase (Decrease) in Net Assets |
$ 7,345 |
1.4% |
|
$ (7,565) |
(1.6%) |
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Statements of Financial Position - Condensed (in thousands)
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2013 |
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|
2012 |
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Assets: |
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Cash and investments |
$ 52,868 |
|
|
$ 53,312 |
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Pledges and contributions receivable, net |
73,420 |
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|
70,841 |
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Gifts in kind inventories |
83,141 |
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|
19,396 |
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Other current assets |
5,989 |
|
|
5,382 |
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Fixed assets, net of depreciation |
77,938 |
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|
68,055 |
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Other assets |
17,074 |
|
|
11,458 |
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|
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Total Assets |
$ 310,430 |
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|
$ 228,444 |
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Liabilities: |
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Deferred gifts in kind revenue |
$ 83,141 |
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|
$ 19,396 |
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Other current liabilities |
24,187 |
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|
23,249 |
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Long-term debt |
29,652 |
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|
19,694 |
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Total Liabilities |
136,980 |
|
|
62,339 |
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|
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Net Assets |
173,450 |
|
|
166,105 |
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Total Liabilities and Net Assets |
$ 310,430 |
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$ 228,444 |
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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).
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