Key Life Network, Inc. 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 9/22/2020. To update the information in this column, please email: info@ministrywatch.com
Summary
Key Life Network, Inc. (KLN) is a broadcast ministry, which seeks to support and encourage communication and extension of the Christian life throughout the United States. KLN is committed to the teaching of Biblical life principles to those who want to live an authentic, relevant and balanced Christian life. Featuring the Bible teaching of Steve Brown and other "voices of grace"--through radio broadcasts, speaking engagements, website content and publications--Key Life seeks to encourage the believer's walk with Christ. Daily broadcasts are heard throughout the US and Canada on hundreds of radio stations, and around the world via the internet. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).
Contact information
Mailing address:
PO Box 945000
(539 Versailles Drive 32751)
Maitland, FL 32794-5000
Website: www.keylife.org
Phone: (407) 539-0001
Email: steve@keylife.org
Organization details
EIN: 592607667
CEO/President: Dr. George Bingham
Chairman: Mr. Richard Farmer
Board size: 14
Founder: Rev. Stephen Brown
Year founded: 1985
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 1987
Purpose
Key Life Network's purpose is, through Bible Teaching, to communicate God's love and grace, and to encourage the believer's freedom, joy and faithfulness to Christ. Over 35 years ago, distribution of free sermon tapes from Rev. Stephen Brown began the ministry called "Key Life Tapes". Today, Steve's Bible teaching, along with teaching from other 'voices of grace', is shared through the distribution of tens of thousands of free teaching CDs and print items annually, and on hundreds of radio outlets and over the web daily. Steve's daily broadcast teaching developed as a primary ministry, and is heard on radio throughout the U.S. and Canada, and around the world via the Internet.
Mission statement
Key Life Network, Inc.'s Mission Statement is:
Key Life is committed to getting people Home with radical freedom, infectious joy and surprising faithfulness.
Statement of faith
Key Life Network, Inc's Statement of Faith is:
1. We believe in the divine inspiration, truthfulness and authority of both Old and New Testament Scriptures in their entirety as the only written Word of God, without error in all that it affirms, and the only infallible rule of faith and practice.
2. We believe that there is one God eternally existent in three persons--Father, Son and Holy Spirit.
3. We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father and in His personal return in power and glory.
4. We believe that regeneration by the Holy Spirit is absolutely essential for the salvation of lost and sinful man.
5. We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live an obedient life.
6. We believe in the spiritual unity of believers in Christ and that the Church, the Body of Christ, is God's institution.
Key Life's Standards
1. Key Life is committed to teaching the Bible as the inerrant Word of God (2 Timothy 3:16-17).
2. Key Life is committed to the Church as God's organization on earth (Ephesians 5:25-27).
3. Key Life is committed to historic Christianity seeking to be a unifying factor in the Body of Christ (Jude 3).
4. Key Life is committed to honesty and integrity in its teaching and in its relationship to supporters (1 Corinthians 4:1).
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Educational Media
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 422 of 911 | 22 of 50 |
| Fund acquisition rating | | 436 of 913 | 24 of 50 |
| Resource allocation rating | | 401 of 913 | 23 of 50 |
| Asset utilization rating | | 491 of 911 | 26 of 50 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 7% | 8% | 6% | 7% | 4% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 7% | 7% | 6% | 7% | 4% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 94% | 92% | 97% | 97% | 98% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 6% | 6% | 5% | 5% | 6% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 6% | 8% | 3% | 3% | 2% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 83% | 85% | 86% | 85% | 86% |
Spending ratio Spending ratio = Total expenses / Total revenue | 100% | 114% | 126% | 112% | 131% | 70% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 95% | 107% | 97% | 112% | 60% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 0% | -14% | -26% | -12% | -31% | 30% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 0% | -12% | -18% | -8% | -17% | 25% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 11% | 9% | 8% | 10% | 9% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.95 | 0.92 | 0.85 | 0.74 | 0.68 | 0.58 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.47 | 1.20 | 1.26 | 1.29 | 1.29 | 1.19 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.76 | 1.11 | 1.07 | 0.95 | 0.88 | 0.69 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 6.64 | 18.46 | 23.34 | 16.94 | 24.99 | 54.13 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.15 | 0.05 | 0.04 | 0.06 | 0.04 | 0.02 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.38 | 10.24 | 10.69 | 11.91 | 13.11 | 16.96 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 15% | 4% | 3% | 5% | 3% | 2% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 77% | 104% | 114% | 129% | 142% | 168% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $513,364 | $656,818 | $882,197 | $2,228,092 | $2,883,327 |
| Receivables, inventories, prepaids | $221,209 | $171,550 | $134,933 | $218,147 | $159,403 |
| Short-term investments | $1,110,722 | $1,120,148 | $1,270,466 | $0 | $0 |
| Other current assets | $7,357 | $5,706 | $10,689 | $8,656 | $11,732 |
| Total current assets | $1,852,652 | $1,954,222 | $2,298,285 | $2,454,895 | $3,054,462 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $337,187 | $473,648 | $615,641 | $660,365 | $533,968 |
| Other long-term assets | $41,159 | $41,159 | $41,159 | $41,159 | $41,159 |
| Total long-term assets | $378,346 | $514,807 | $656,800 | $701,524 | $575,127 |
| Total assets | $2,230,998 | $2,469,029 | $2,955,085 | $3,156,419 | $3,629,589 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $100,363 | $83,717 | $135,674 | $98,245 | $56,432 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $100,363 | $83,717 | $135,674 | $98,245 | $56,432 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $100,363 | $83,717 | $135,674 | $98,245 | $56,432 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $2,130,635 | $2,385,312 | $2,819,411 | $3,058,174 | $3,573,157 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $2,130,635 | $2,385,312 | $2,819,411 | $3,058,174 | $3,573,157 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $1,688,964 | $1,526,464 | $1,882,092 | $1,595,695 | $2,939,828 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $75,187 | $102,420 | $11,699 | $0 | $0 |
| Other revenue | $35,044 | $36,443 | $46,303 | $46,344 | $72,316 |
| Total other revenue | $110,231 | $138,863 | $58,002 | $46,344 | $72,316 |
| Total revenue | $1,799,195 | $1,665,327 | $1,940,094 | $1,642,039 | $3,012,144 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $1,700,495 | $1,785,086 | $1,882,435 | $1,833,758 | $1,821,238 |
| Management and general | $233,840 | $193,248 | $178,150 | $215,814 | $180,905 |
| Fundraising | $119,537 | $121,092 | $118,272 | $107,450 | $119,033 |
| Total expenses | $2,053,872 | $2,099,426 | $2,178,857 | $2,157,022 | $2,121,176 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | ($254,677) | ($434,099) | ($238,763) | ($514,983) | $890,968 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($254,677) | ($434,099) | ($238,763) | ($514,983) | $890,968 |
Compensation
| Name | Title | Compensation |
| Stephen W Brown | Sr. Exec VP | $177,550 |
| George D Bingham | President | $146,213 |
| Dr Peter Alwinson | Secretary | $2,600 |
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 9/22/2020. To update the information below, please email: info@ministrywatch.com