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 is the condensed financial information for the years ended March 31, 2018 and 2017.
Statements of Activities - Condensed (in thousands)
2018
2017
Ministry Support and Revenues:
Ministry Support
$331,768
$312,406
Gifts in Kind
245,919
322,630
Other revenue and investment gain, net
1,598
3,943
Total Ministry Support and Revenues
579,285
638,979
Ministry Expenses:
Ministry and program
524,767
589,523
Fundraising
31,899
31,437
General and administrative
18,157
17,194
Total Ministry Expenses
574,823
638,154
Other revenues and gains, net
678
350
Increase (decrease) in Net Assets
$5,140
$1,175
Statements of Financial Position - Condensed (in thousands)
2018
2017
Assets:
Cash and investments
$49,533
$46,875
Contributions receivable, net
70,720
64,182
Gifts in kind inventories
19,328
111,761
Other current assets
8,132
8,802
Fixed assets, net of depreciation
87,008
91,446
Other assets
28,108
27,764
Total Assets
$262,829
$350,830
Liabilities:
Deferred gifts in kind revenue
$19,328
$111,761
Other liabilities
28,371
27,992
Long-term debt
59,454
60,541
Total Liabilities
107,153
200,294
Net Assets
156,676
150,536
Total Liabilities and Net Assets
$262,829
$350,830