The Christian Broadcasting Network, Inc. and Affiliated Organizations
Condensed Financial Information for the
years ended March 31, 2011 and March 31, 2010
Statements of Activities - Condensed (in thousands)
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2011 |
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2010 |
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Ministry Support and Revenues: |
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|
|
|
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Ministry support |
$ 290,912 |
44.4% |
|
$ 289,374 |
38.7% |
|
Gifts in kind |
353,667 |
53.9% |
|
447,856 |
60.0% |
|
Investment income and other revenue, net |
11,086 |
1.7% |
|
9,890 |
1.3% |
|
Total Ministry Support and Revenues |
655,665 |
100.0% |
|
747,120 |
100.0% |
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|
|
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Ministry Expenses: |
|
|
|
|
|
|
Ministry and program |
(601,549) |
91.7% |
|
(689,570) |
92.2% |
|
Fundraising |
(28,006) |
4.3% |
|
(29,993) |
4.0% |
|
General and administrative |
(16,103) |
2.4% |
|
(16,595) |
2.2% |
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Total Ministry Expenses |
(645,658) |
|
|
(736,158) |
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|
|
|
|
|
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Other gains, net |
403 |
|
|
1,159 |
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|
|
|
|
|
|
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Increase in Net Assets |
$ 10,410 |
1.6% |
|
$ 12,121 |
1.6% |
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|
|
|
|
|
|
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Statements of Financial Position - Condensed (in thousands)
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2011 |
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|
2010 |
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Assets: |
|
|
|
|
|
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Cash and investments |
$ 55,470 |
|
|
$ 47,318 |
|
|
Pledges and contributions receivable, net |
75,256 |
|
|
75,708 |
|
|
Gifts in kind inventories |
6,638 |
|
|
8,354 |
|
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Other current assets |
5,318 |
|
|
6,145 |
|
|
Fixed assets, net of depreciation |
70,284 |
|
|
67,467 |
|
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Other assets |
7,840 |
|
|
4,306 |
|
|
|
|
|
|
|
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|
Total Assets |
$ 220,806 |
|
|
$ 209,298 |
|
|
|
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|
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Liabilities: |
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|
|
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Deferred gifts in kind revenue |
$ 6,638 |
|
|
$ 8,354 |
|
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Other current liabilities |
21,034 |
|
|
20,030 |
|
|
Long-term debt |
19,464 |
|
|
17,654 |
|
|
|
|
|
|
|
|
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Total Liabilities |
47,136 |
|
|
46,038 |
|
|
|
|
|
|
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|
Net Assets |
173,670 |
|
|
163,260 |
|
|
|
|
|
|
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Total Liabilities and Net Assets |
$ 220,806 |
|
|
$ 209,298 |
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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 23463-0001
CBN is a member of the Evangelical Council for Financial Accountability (ECFA).
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