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.
2016 Statement of Activities - Condensed (in thousands)
Ministry Support and Revenues:
Ministry Support
$314,852
52.5%
Gifts in Kind
286720
47.8%
Other revenue and investment loss, net
(1,743)
(0.3%)
Total Ministry Support and Revenues
599,829
100.0%
Expenses:
Ministry and program
(564,609)
94.1%
Fundraising
(30,639)
5.1%
General and administrative
(16,681)
2.8%
Total Expenses
(611,929)
Other gains, net
5,598
Decrease in Net Assets
$(6,502)
(1.1%)
2016 Statement of Financial Position - Condensed (in thousands)
Assets:
Cash and investments
$49,921
Contributions receivable, net
59,943
Gifts in kind inventories
35,960
Other current assets
6,820
Fixed assets, net of depreciation
97,769
Other assets
28,009
Total Assets
$278,422
Liabilities:
Deferred gifts in kind revenue
$35,960
Other liabilities
31,099
Long-term debt
62,002
Total Liabilities
129,061
Net Assets
149,361
Total Liabilities and Net Assets
$278,422