Financial Accountability
CBN's financial statements are audited by our independent auditors, KPMG LLP. View the complete audited statements 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).
Below are the condensed financial information for the year ending March 31st, 2016.
Statement of Activities - Condensed (in thousands)
Ministry Support and Revenues:
Ministry Support
$314,852
52.49%
Gifts in Kind
$286,720
47.80%
Other revenue and investment loss, net
$1,743
0.29%
Total Ministry Support and Revenues
$599,829
100.00%
Expenses:
Ministry and program
$564,609
92.27%
Fundraising
$30,639
5.01%
General and administrative
$16,681
2.73%
Total Expenses
$611,929
100.00%
Other gains, net
$5,598
Decrease in Net Assets
$6,502
1.06%
Statement of Financial Position - Condensed (in thousands)
Assets:
Cash and investments
$49,921
17.93%
Contributions receivable, net
$59,943
21.53%
Gifts in kind inventories
$35,960
12.92%
Other current assets
$6,820
2.45%
Fixed assets, net of depreciation
$97,769
35.12%
Other assets
$28,009
10.06%
Total Assets
$278,422
100.00%
Liabilities:
Deferred gifts in kind revenue
$35,960
27.86%
Other liabilities
$31,099
24.10%
Long-term debt
$62,002
48.04%
Total Liabilities
$129,061
100.00%
Net Assets
$149,361
Total Liabilities and Net Assets
$278,422