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)
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2015 |
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|
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% |
|
|
|
|
|
|
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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) |
|
|
|
|
|
|
|
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Other gains, net |
54 |
|
|
393 |
|
|
|
|
|
|
|
|
Increase (Decrease) in Net Assets |
$(17,708) |
(3.3%) |
|
$ 120 |
0.0% |
|
|
|
|
|
|
|
|
|
|
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|
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Statements of Financial Position - Condensed (in thousands)
|
|
|
2015 |
|
|
2014 |
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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 |
|
|
|
|
|
|
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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 |
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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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