Three Angels Broadcasting Network Inc

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/22/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

Three Angels Broadcasting Network offers a wide variety of family friendly Christian programming, 24 hours a day. Believing a healthy mind promotes a healthy spiritual life, 3ABN considers health programming to be of particular importance. 3ABN broadcasts eight television networks.


Contact information

Mailing address:
Three Angels Broadcasting Network
PO Box 220
West Frankfort, IL 62896

Website: 3abn.org

Phone: (618) 627-4651

Email: mail@3abn.org


Organization details

EIN: 371179056

CEO/President: Greg Morikone

Chairman: Bruce Fjarli

Board size: 10

Founder: Danny Shelton

Year founded: 1986

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Three Angels Broadcasting Network (3ABN) is the "Mending Broken People Network," a 24-hour Christian television and radio network. 3ABN's focus is to present programming which will reach people right where they are hurting.


Mission statement

The mission of 3ABN is to proclaim the gospel of salvation through Jesus Christ, and herald his soon return. We do this through the medium of television, radio, and the internet. It is also our mission to continue the healing ministry of Christ through programs on various health and recovery topics.


Statement of faith

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Radio/ TV Stations

CategoryRatingOverall rankSector rank
Overall efficiency rating417 of 81715 of 25
Fund acquisition rating4 of 8171 of 25
Resource allocation rating461 of 81716 of 25
Asset utilization rating783 of 81724 of 25

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%398%93%50%91%94%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%-298%7%50%9%6%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
78%78%80%77%77%72%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%458%101%53%118%122%
Program output ratio Program output ratio =
Program services /
Total revenue
77%359%81%41%91%87%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-358%-1%47%-18%-22%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%-48%-1%39%-12%-13%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%22%20%23%23%28%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.490.170.150.140.150.16
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.088.469.459.4315.1313.05
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.471.471.421.342.312.09
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
21.269.219.287.960.640.82
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.110.110.131.561.21
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.937.307.557.82-2.94-1.23
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
3%72%65%67%81%79%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
180%163%231%230%128%132%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$1,865,787$2,165,259$4,759,291$1,566,651$835,228
Receivables, inventories, prepaids$1,757,622$1,955,305$2,269,368$2,344,494$4,347,670
Short-term investments$5,752,895$5,998,010$3,758,304$3,020,839$3,089,088
Other current assets$0$0$0$0$0
Total current assets$9,376,304$10,118,574$10,786,963$6,931,984$8,271,986
Long-term investments$6,800,000$22,925,000$22,925,000$22,925,000$22,925,000
Fixed assets$9,286,281$8,947,842$9,542,686$10,578,235$11,336,601
Other long-term assets$53,828,144$53,674,832$58,492,498$64,450,156$65,397,180
Total long-term assets$69,914,425$85,547,674$90,960,184$97,953,391$99,658,781
Total assets$79,290,729$95,666,248$101,747,147$104,885,375$107,930,767
 
Liabilities20192018201720162015
Payables and accrued expenses$1,012,403$1,083,852$1,354,635$10,843,843$10,049,636
Other current liabilities$6,000$6,880$0$0$0
Total current liabilities$1,018,403$1,090,732$1,354,635$10,843,843$10,049,636
Debt$0$0$0$2,458$8,807
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$55,870,054$61,432,607$67,038,481$73,602,188$74,984,627
Total long-term liabilities$55,870,054$61,432,607$67,038,481$73,604,646$74,993,434
Total liabilities$56,888,457$62,523,339$68,393,116$84,448,489$85,043,070
 
Net assets20192018201720162015
Unrestricted$0$11,291,575$12,420,583$680,071$3,820,972
Temporarily restricted$0$21,851,334$20,933,448$19,756,815$19,066,725
Permanently restricted$0$0$0$0$0
Net assets$22,402,272$33,142,909$33,354,031$20,436,886$22,887,697
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$11,944,106$13,173,328$13,827,079$12,367,433$13,373,686
Program service revenue$1,080,815$1,140,513$1,141,830$1,178,417$1,107,620
Membership dues$0$0$0$0$0
Investment income$20,771$63,328$12,056,787$77,586$393,869
Other revenue($10,048,287)($230,891)$364,697($85,472)($641,338)
Total other revenue($8,946,701)$972,950$13,563,314$1,170,531$860,151
Total revenue$2,997,405$14,146,278$27,390,393$13,537,964$14,233,837
 
Expenses20192018201720162015
Program services$10,764,499$11,510,654$11,133,478$12,353,476$12,380,711
Management and general$2,973,543$2,846,746$3,339,770$3,635,299$4,920,989
Fundraising$0$0$0$0$0
Total expenses$13,738,042$14,357,400$14,473,248$15,988,775$17,301,700
 
Change in net assets20192018201720162015
Surplus (deficit)($10,740,637)($211,122)$12,917,145($2,450,811)($3,067,863)
Other changes in net assets$0$0$0$0$0
Total change in net assets($10,740,637)($211,122)$12,917,145($2,450,811)($3,067,863)

Compensation

NameTitleCompensation
Danny SheltonCEO$208,065
Mollie SteensonTrustee$87,121
Brian HamiltonTrustee$86,767
Jill MorikoneSecretary$74,058
Greg MorikonePresident$74,011
Jason BergmannTreasurer$61,851
Yvonne LewisTrustee$50,629

Compensation data as of: 12/31/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 12/22/2020. To update the information below, please email: info@ministrywatch.com


History

Three Angels Broadcasting Network began in the early morning hours of November 15, 1984 when Danny Shelton, a carpenter from Southern Illinois, was kept awake by troubling thoughts.

As he recalled the Christian television stations where he and his daughter Melody had sung gospel music, he felt concerned about the way God was misrepresented at times. Longing to find a way to express God's love to the world, he suddenly felt strongly impressed to "build a television station that would reach the world with the undiluted three angels' messages [of Revelation 14]. One that would counteract the counterfeit."

Although he had no degree in communications, nor any experience in television, Danny immediately began to explore the ideas that finally developed into Three Angels Broadcasting Network.

He visited a pastor friend, Hal Steenson, who had some television equipment, sharing what he was impressed to do. His friend told him that someone had recently offered to buy his equipment, but he had been strongly impressed to keep it until God directed him otherwise. Then, to his amazement, Hal volunteered to donate the equipment to him a short time later!

Many more things happened in the next few months. As Danny began speaking at area churches, others began to catch his vision. Mrs. Fonda Summers donated two acres of land in Thompsonville, Illinois, on which to build the station. Later, when a microwave signal interference study was conducted on the property, an amazed technician remarked, "Mr. Shelton, you must be the luckiest man I know, because you have a clean sweep of every satellite in the horizon without microwave interference on those two acres. This is probably one of the only sites left in all of southern Illinois!"

A visit to the local Christian television station a few days later brought about another conversation, this time with Clarence Larson, the station engineer. After introducing himself to Danny, he pulled him aside and said, "I don't know why I'm telling you this, but I believe a satellite uplink station could be built here in southern Illinois out in the Thompsonville area." Interestingly, Clarence volunteered this information with no knowledge of Danny's dream.

As progress on the project continued, Clarence began helping Danny. One day he realized that three-phase power would be required to operate the station, but the cost to run lines from the nearest main road was prohibitive. Upon investigation, he discovered three-phase power lines a few hundred feet (about a hundred meters) away from the property-simply following a country road. When Danny contacted the power company, he asked why those lines ran through open fields, away from any factories or heavy machinery. The power company response? "We honestly have no idea."

As Danny moved forward in faith, the doors continued to open. A satellite uplink dish manufacturer agreed to begin building a nearly $400,000 satellite dish with only $10,000 down payment, and over the next few months, studio and office facilities were built and equipment was purchased and installed-without incurring any debt!

Amazingly, on November 23, 1986, just over two years after Danny had been impressed to build it, Three Angels Broadcasting Network began to broadcast on satellite.


Program accomplishments


Needs