Christian Broadcasting Network/ CBN/ 700 Club/ Pat Robertson

Summary

Christian Broadcasting Network, Inc. ("CBN") uses mass media, especially television and visual media, to prepare the world for the Second Coming of Jesus Christ and the establishment of the everlasting kingdom of God on earth. CBN's purpose is to train the young and old to understand how the principles of the Kingdom of God relate to everyday life. CBN also provides spiritual counseling, financial help, and other humanitarian aid to those in need. CBN was founded in 1960 by Pat Robertson to preach the gospel of Jesus Christ to the entire world as a witness unto all nations (Matthew 24:14). It is CBN's intention to follow Jesus' example by teaching biblical principles for living, raising up Christian leaders, and working to alleviate human suffering throughout the world. With innovation, excellence, and integrity as standards, CBN aims to glorify God and His Son, Jesus Christ.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.


Contact information

Mailing address:
977 Centerville Turnpike
Virginia Beach, VA 23463-9989

Website: www.CBN.com

Phone: (757) 226-7000

Email: webmastercbn.org


Organization details

EIN: 540678752

CEO/President: Mr. Michael Little

Chairman: Dr. Pat Robertson

Board size: 9

Founder: Dr. Pat Robertson

Year founded: 1960

Tax deductible: Yes

Fiscal year end: 03/31

Member of ECFA: Yes

Member of ECFA since: 1995


Purpose

Christian Broadcasting Network, Inc. ("CBN") uses mass media, especially television and visual media, to prepare the world for the Second Coming of Jesus Christ and the establishment of the everlasting kingdom of God on earth. CBN's purpose is to train the young and old to understand how the principles of the Kingdom of God relate to everyday life. CBN also provides spiritual counseling, financial help, and other humanitarian aid to those in need. CBN was founded in 1960 by Pat Robertson to preach the gospel of Jesus Christ to the entire world as a witness unto all nations (Matthew 24:14).

It is CBN's intention to follow Jesus' example by teaching biblical principles for living, raising up Christian leaders, and working to alleviate human suffering throughout the world. With innovation, excellence, and integrity as standards, CBN aims to glorify God and His Son, Jesus Christ.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.


Mission statement

CBN uses the following to communicate its mission:

The mission of CBN and its affiliated organizations is to prepare the United States of America and the nations of the world for the coming of Jesus Christ and the establishment of the Kingdom of God on earth. In the fulfillment of our mission, as to calling and message, our Biblical role model is John the Baptist. As to wisdom, it is Solomon. As to ministry to Israel, it is the prophet Ezekiel. In all that we are, do, and say, it is Jesus Christ.


Statement of faith

CBN uses the following to communicate its faith:

A.) We believe that the Holy Bible is the inspired, infallible, and authoritative source of Christian doctrine and precept.

B.) We believe that there is one God, eternally existent in three persons: Father, Son, and Holy Spirit.

C.) We believe that man was created in the image of God, but as a result of sin is lost and powerless to save himself.

D.) We believe that the only hope for man is to believe on Jesus Christ, the virgin-born Son of God, who died to take upon Himself the punishment for the sin of mankind, and who rose from the dead so that by receiving Him as Savior and Lord, man is redeemed by His blood.

E.) We believe that Jesus Christ in person will return to earth in power and glory.

F.) We believe that the Holy Spirit indwells those who have received Christ for the purpose of enabling them to live righteous and godly lives.

G.) We believe that the Church is the Body of Christ and is composed of all those who through belief in Christ have been spiritually regenerated by the indwelling Holy Spirit. The mission of the church is worldwide evangelization on the one hand and the nurture and discipline of Christians on the other.

Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency rating69 of 4239 of 50
Fund acquisition rating141 of 42319 of 50
Resource allocation rating45 of 4238 of 50
Asset utilization rating146 of 42314 of 50

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%5%5%6%5%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%5%5%6%5%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%99%100%100%100%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%5%5%5%5%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%1%0%0%0%1%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%92%92%92%93%92%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%100%102%103%100%99%
Program output ratio Program output ratio =
Program services /
Total revenue
81%92%94%95%93%91%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%0%-2%-3%0%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%1%-8%-11%0%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%3%3%3%2%3%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.301.822.201.722.281.72
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.541.541.871.551.811.57
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.542.814.122.674.122.70
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.961.682.381.682.271.78
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.590.420.600.440.56
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.071.731.691.811.631.95
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%57%46%51%37%44%
Debt ratio Debt ratio =
Debt /
Total assets
0%17%21%13%12%7%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%24%24%28%28%32%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$32,470,804$37,693,011$31,543,355$33,384,257$31,790,033
Receivables, inventories, prepaids$180,554,718$98,431,823$158,462,714$97,542,401$145,476,596
Short-term investments$14,404,275$12,228,392$16,753,658$20,311,094$21,078,040
Other current assets$0$0$0$0$0
Total current assets$227,429,797$148,353,226$206,759,727$151,237,752$198,344,669
Long-term investments$0$0$0$0$0
Fixed assets$91,446,385$97,769,295$85,101,892$86,901,490$77,938,091
Other long-term assets$31,954,025$31,884,612$28,345,045$35,258,828$34,147,271
Total long-term assets$123,400,410$129,653,907$113,446,937$122,160,318$112,085,362
Total assets$350,830,207$278,007,133$320,206,664$273,398,070$310,430,031
 
Liabilities20172016201520142013
Payables and accrued expenses$20,370,969$23,102,645$21,717,851$20,360,413$21,075,688
Other current liabilities$114,809,177$39,294,930$101,709,078$46,162,177$90,262,800
Total current liabilities$135,180,146$62,397,575$123,426,929$66,522,590$111,338,488
Debt$58,140,535$58,750,151$40,403,336$33,178,691$22,989,657
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$6,973,444$7,498,688$513,721$126,123$2,651,678
Total long-term liabilities$65,113,979$66,248,839$40,917,057$33,304,814$25,641,335
Total liabilities$200,294,125$128,646,414$164,343,986$99,827,404$136,979,823
 
Net assets20172016201520142013
Unrestricted$77,505,327$79,847,798$135,986,746$143,267,005$140,682,551
Temporarily restricted$72,268,633$68,768,773$19,070,123$29,448,248$31,963,161
Permanently restricted$762,122$744,148$805,809$855,413$804,496
Net assets$150,536,082$149,360,719$155,862,678$173,570,666$173,450,208
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$635,035,853$601,572,026$534,792,203$621,014,320$539,705,434
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$1,848,038($3,369,708)($3,607,836)($934,659)($18,581)
Other revenue$2,094,595$1,627,166$2,855,616$3,215,866$2,746,564
Total other revenue$3,942,633($1,742,542)($752,220)$2,281,207$2,727,983
Total revenue$638,978,486$599,829,484$534,039,983$623,295,527$542,433,417
 
Expenses20172016201520142013
Program services$589,522,681$564,609,228$505,557,024$579,549,674$492,597,283
Management and general$17,193,736$16,680,623$16,623,830$15,238,610$15,857,154
Fundraising$31,437,094$30,639,369$29,567,117$28,386,785$26,633,952
Total expenses$638,153,511$611,929,220$551,747,971$623,175,069$535,088,389
 
Change in net assets20172016201520142013
Surplus (deficit)$824,975($12,099,736)($17,707,988)$120,458$7,345,028
Other changes in net assets$350,388$5,597,777$0$0$0
Total change in net assets$1,175,363($6,501,959)($17,707,988)$120,458$7,345,028

Response from ministry

No response has been provided by this ministry.


History

The 1960s:
Pat Robertson founded CBN, and it went on the air from WYAH-TV in Portsmouth, Virginia. CBN began color television production, and it acquired six radio stations in U.S. and one in Colombia, South America. The first "700 Club" telethon lead to the daily program, "The 700 Club".

The 1970s:
CBN increased its coverage area with a new tower and higher transmission power. It acquired TV stations in Dallas, Atlanta, and Boston and initiated the National Counseling Center and 24-hour telephone prayer line. "The 700 Club" became the first religious program in English to be carried by cable in Israel. CBN bought 142 acres of land in Virginia Beach and built a new studio headquarters. CBN established CBN International and began broadcasting CBN programming to the Far East, Canada, South America, Mexico, Africa, and Europe. CBN built a satellite earth station and initiated 24-hour Christian programming via their satellite. It opened CBN University, established Operation Blessing, and initiated CBN Cable.

The 1980s:
CBN changed "The 700 Club" to a newsmagazine format and opened a news bureau in Washington DC. It began operations of Middle East Television in Southern Lebanon and Israel. CBN produced animated programs (for instance "Superbook") to share the Gospel and broadcast them in Japan. CBN bought land and built the Corporate Support Center. CBN broadcasted "Don't Ask Me, Ask God," the most-watched religious special in broadcast history. CBN received an Emmy Award for "Never Say Goodbye," produced for CBS. CBN renamed CBN Cable, The Family Channel and initiated CBN Conferences on various subjects.

The 1990s:
CBN renamed CBN University, Regent University, and opened a Law & Government Building on the Regent University campus. CBN sold The Family Channel to International Family Entertainment (IFE) in 1990. The Soviet government allowed a CBN ministry center in Moscow, and CBN aired a Christmas special and "Superbook" on Soviet television. One hundred million people viewed CBN's television specials in 1991 and 1992. CBN reached millions in the Philippines and Romania during broadcasting blitzes. CBN opened its Founders Inn and Conference Center. CBN gave Regent University a $117 million endowment gift -- the largest to a private university. CBN broadcasted "Micah's Christmas Treasure," "The Easter Promise," "Alabaster's Song," and "Spunky's First Christmas" in the United States and internationally. CBN started its WorldReach worldwide campaign - with a goal to win 500 million to Christ within five years. CBN sold IFE in 1997 to Fox Kids Worldwide, Inc. Regent University received $109.3 million from sale of IFE stock.

The 2000s:
CBN celebrates its 40th Anniversary since inception on January 11, 2000. Pat Robertson celebrates his 70th birthday on March 22, 2000. Pat Robertson reaffirms his ordination vows on March 27, 2000. Regent University dedicates new graduate center in Alexandria, Va. on March 19, 2001. METV licensing and operations transferred to a like minded ministry, LeSEA Broadcasting in South Bend, Ind. in July 2001. CBN celebrates its 40th Broadcast Anniversary on October 1, 2001. Regent University began construction on The Communication and Performing Arts building in March 2001. Construction should be complete by fall of 2002. Disney acquires the Fox Family Channel and names it ABC Family on November 10, 2001. Over 10 Christian Broadcasters unite in an unprecedented effort to reach out to the American people with, Where is God Now?-a two-hour primetime special produced by CBN. The program airs November 21-24, 2001.


Program accomplishments

The 700 Club is the CBN's primary program, which is produced and broadcasted to prepare the world for the Second Coming of Christ. In addition, CBN uses other mass media and WorldReach centers to meet the emotional and spiritual needs of people worldwide. Through their telephone counseling center and ministry, CBN counsels millions annually. The Founder's Inn and Conference Center provides restoration, edification, and training to the Christian community and interested people in the non-Christian community. CBN also provides humanitarian relief domestically and overseas. This relief and aid includes food, medicine, necessities, and grants to organizations with similar goals.

According to a recent third-party survey, 204 million people in 16 countries watched at least one CBN program in the year 2000, and 40.5 million people responded to the Gospel message. Our greatest accomplishments in the year 2000 include constructing new production studios in Indonesia and the C.I.S.; bringing life-giving water wells to more than 600 villages in India, seven villages in Nigeria and 125 extended families in China through water-collecting cisterns; and airing a media blitz in Ghana, with 2.5 million people accepting Christ and 4.2 million rededicating their lives to Him. Also in Africa, CBN WorldReach evangelized people and battled AIDS through television/video ministry and humanitarian projects. CBN began airing a weekly Cantonese ministry program in Hong Kong, transmitted daily satellite broadcasts of The 700 Club and other CBN productions throughout Europe and the Middle East, and resumed airing a Russian language version of The 700 Club. In the C.I.S., our cell churches grew to nearly 23,000.


Needs

CBN expresses the following to communicate its ministry needs:

Become a CBN Partner for just $20 or more a month and join us in sharing the life-saving message of Jesus with a waiting world. For every life touched, there are thousands of others waiting for a miracle . And that's why we need your help. Here are some specific examples of how you can help.

CBN WorldReach-an aggressive evangelism effort to over 155 countries combining media saturation with extensive follow-up and church-planting efforts. Operation Blessing International (OBI)-providing warm meals, clean clothes and medical care to over 155 million people worldwide in order to open the door to share God's love. National Counseling Center-a prayer line that provides hope for more than 57 million callers.