Key Life Network, Inc.

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/16/2021. 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.


Contact information

Mailing address:
Key Life Network, Inc.
PO Box 945000
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: 1986

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 exists to communicate that the deepest message of the ministry of Jesus and the Bible is the radical grace of God to sinners and sufferers. Because life is hard for everyone, grace is for all of us. We believe the Bible reveals that this grace is amazing, scandalous, free, inexhaustible, mysterious, abundant, irresistible, costly, gratuitous, wondrous, overflowing and extravagant.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency rating447 of 94020 of 51
Fund acquisition rating449 of 94225 of 51
Resource allocation rating399 of 94223 of 51
Asset utilization rating538 of 94024 of 51

Financial ratios

Funding ratiosSector median20202019201820172016
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 ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%83%85%86%85%86%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%114%126%112%131%70%
Program output ratio Program output ratio =
Program services /
Total revenue
79%95%107%97%112%60%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%-14%-26%-12%-31%30%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-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 ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.920.920.850.740.680.58
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.381.201.261.291.291.19
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.741.111.070.950.880.69
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.1618.4623.3416.9424.9954.13
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.050.040.060.040.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.6910.2410.6911.9113.1116.96
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
14%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
85%104%114%129%142%168%

Financials

Balance sheet
 
Assets20202019201820172016
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
 
Liabilities20202019201820172016
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 assets20202019201820172016
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
 
Revenue20202019201820172016
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
 
Expenses20202019201820172016
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 assets20202019201820172016
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

NameTitleCompensation
Stephen W BrownSr. Exec VP$177,550
George D BinghamPresident$146,213
Dr Peter AlwinsonSecretary$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 8/16/2021. To update the information below, please email: info@ministrywatch.com


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