Key Life Network, Inc.

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--through radio broadcasts, seminars, cassette tapes and publications--Key Life and Key Life of Canada seek to encourage your walk with Christ. KLN's 15-minute daily radio broadcast is heard throughout the US, Canada and internationally featuring the Bible teaching of Steve Brown. KLN also presents "Think Spots," a 60 second radio features, heard throughout the US. Steve is also featured along with Tony Campolo on "Hashing It Out" aired on the Faith and Values TV cable channel. KLN also presents the "Born Free" seminar which teaches balanced Biblical principles for successful living for Christians who are tired of motivation by guilt. 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: Rev. Stephen Brown

Chairman: Mr. Harper Davidson, Jr.

Board size: 16

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, 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--through radio broadcasts, seminars, cassette tapes and publications--Key Life and Key Life of Canada seek to encourage your walk with Christ. KLN's 15-minute daily radio broadcast is heard throughout the US, Canada and internationally featuring the Bible teaching of Steve Brown. KLN also presents "Think Spots," a 60 second radio features, heard throughout the US. Steve is also featured along with Tony Campolo on "Hashing It Out" aired on the Faith and Values TV cable channel. KLN also presents the "Born Free" seminar which teaches balanced Biblical principles for successful living for Christians who are tired of motivation by guilt.

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).

Mission statement

Key Life Network, Inc.'s Mission Statement is:

Key Life is committed to the teaching of Biblical life principles--the whole counsel of God--to those who want to live an authentic, relevant and balanced Christian life.

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).

Financial efficiency ratings

Sector: Educational Media

Category	Rating	Overall rank	Sector rank
Overall efficiency rating		164 of 429	18 of 50
Fund acquisition rating		194 of 429	22 of 50
Resource allocation rating		106 of 429	15 of 50
Asset utilization rating		277 of 429	29 of 50

Financial ratios

Funding ratios	Median % for all ministries in MW database	2018	2017	2016	2015	2014
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions	7%	6%	7%	4%	7%	4%
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue	6%	6%	7%	4%	7%	4%
Contributions reliance Contributions reliance = Total contributions / Total revenue	95%	97%	97%	98%	96%	99%
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses	6%	5%	5%	6%	6%	6%
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue	5%	3%	3%	2%	4%	1%

Operating ratios	Median % for all ministries in MW database	2018	2017	2016	2015	2014
Program expense ratio Program expense ratio = Program services / Total expenses	82%	86%	85%	86%	85%	87%
Spending ratio Spending ratio = Total expenses / Total revenue	98%	112%	131%	70%	116%	64%
Program output ratio Program output ratio = Program services / Total revenue	81%	97%	112%	60%	99%	56%
Savings ratio Savings ratio = Surplus (deficit) / Total revenue	2%	-12%	-31%	30%	-16%	36%
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets	3%	-8%	-17%	25%	-11%	36%
General and admin ratio General and admin ratio = Management and general expense / Total expenses	11%	8%	10%	9%	9%	7%

Investing ratios	Median measure for all ministries in MW database	2018	2017	2016	2015	2014
Total asset turnover Total asset turnover = Total expenses / Total assets	1.28	0.74	0.68	0.58	0.76	0.62
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets	1.53	1.29	1.29	1.19	1.20	1.18
Current asset turnover Current asset turnover = Total expenses / Total current assets	2.51	0.95	0.88	0.69	0.91	0.73

Liquidity ratios	Median measure for all ministries in MW database	2018	2017	2016	2015	2014
Current ratio Current ratio = Total current assets / Total current liabilities	9.02	16.94	24.99	54.13	20.46	28.74
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets	0.11	0.06	0.04	0.02	0.05	0.03
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12)	4.09	11.91	13.11	16.96	12.52	15.77

Solvency ratios	Median % for all ministries in MW database	2018	2017	2016	2015	2014
Liabilities ratio Liabilities ratio = Total liabilities / Total assets	9%	5%	3%	2%	4%	3%
Debt ratio Debt ratio = Debt / Total assets	0%	0%	0%	0%	0%	0%
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses	64%	129%	142%	168%	126%	155%

Financials

Balance sheet

Assets	2018	2017	2016	2015	2014
Cash	$882,197	$2,228,092	$2,883,327	$2,105,609	$2,383,456
Receivables, inventories, prepaids	$134,933	$218,147	$159,403	$226,784	$216,075
Short-term investments	$1,270,466	$0	$0	$0	$0
Other current assets	$10,689	$8,656	$11,732	$5,491	$7,363
Total current assets	$2,298,285	$2,454,895	$3,054,462	$2,337,884	$2,606,894
Long-term investments	$0	$0	$0	$0	$0
Fixed assets	$615,641	$660,365	$533,968	$417,430	$418,783
Other long-term assets	$41,159	$41,159	$41,159	$41,159	$41,159
Total long-term assets	$656,800	$701,524	$575,127	$458,589	$459,942
Total assets	$2,955,085	$3,156,419	$3,629,589	$2,796,473	$3,066,836

Liabilities	2018	2017	2016	2015	2014
Payables and accrued expenses	$135,674	$98,245	$56,432	$114,284	$90,706
Other current liabilities	$0	$0	$0	$0	$0
Total current liabilities	$135,674	$98,245	$56,432	$114,284	$90,706
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	$135,674	$98,245	$56,432	$114,284	$90,706

Net assets	2018	2017	2016	2015	2014
Unrestricted	$2,819,411	$3,058,174	$3,573,157	$2,682,189	$2,976,130
Temporarily restricted	$0	$0	$0	$0	$0
Permanently restricted	$0	$0	$0	$0	$0
Net assets	$2,819,411	$3,058,174	$3,573,157	$2,682,189	$2,976,130

Revenues and expenses

Revenue	2018	2017	2016	2015	2014
Total contributions	$1,882,092	$1,595,695	$2,939,828	$1,767,353	$2,936,626
Program service revenue	$0	$0	$0	$0	$0
Membership dues	$0	$0	$0	$0	$0
Investment income	$11,699	$0	$0	$0	($18,000)
Other revenue	$46,303	$46,344	$72,316	$69,190	$60,095
Total other revenue	$58,002	$46,344	$72,316	$69,190	$42,095
Total revenue	$1,940,094	$1,642,039	$3,012,144	$1,836,543	$2,978,721

Expenses	2018	2017	2016	2015	2014
Program services	$1,882,435	$1,833,758	$1,821,238	$1,820,045	$1,668,498
Management and general	$178,150	$215,814	$180,905	$181,416	$127,131
Fundraising	$118,272	$107,450	$119,033	$129,023	$118,785
Total expenses	$2,178,857	$2,157,022	$2,121,176	$2,130,484	$1,914,414

Change in net assets	2018	2017	2016	2015	2014
Surplus (deficit)	($238,763)	($514,983)	$890,968	($293,941)	$1,064,307
Other changes in net assets	$0	$0	$0	$0	$0
Total change in net assets	($238,763)	($514,983)	$890,968	($293,941)	$1,064,307