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 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

CategoryRatingOverall rankSector rank
Overall efficiency rating242 of 58522 of 52
Fund acquisition rating328 of 58523 of 52
Resource allocation rating171 of 58514 of 52
Asset utilization rating323 of 58531 of 52

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%8%6%7%4%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%7%6%7%4%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%92%97%97%98%96%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%6%5%5%6%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%8%3%3%2%4%
 
Operating ratiosMedian % for
all ministries in
MW database
20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%85%86%85%86%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%126%112%131%70%116%
Program output ratio Program output ratio =
Program services /
Total revenue
80%107%97%112%60%99%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%-26%-12%-31%30%-16%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-18%-8%-17%25%-11%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%9%8%10%9%9%
 
Investing ratiosMedian measure
for all ministries
in MW database
20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.080.850.740.680.580.76
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.691.261.291.291.191.20
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.181.070.950.880.690.91
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.8423.3416.9424.9954.1320.46
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.040.060.040.020.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.7110.6911.9113.1116.9612.52
 
Solvency ratiosMedian % for
all ministries in
MW database
20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%3%5%3%2%4%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
75%114%129%142%168%126%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$656,818$882,197$2,228,092$2,883,327$2,105,609
Receivables, inventories, prepaids$171,550$134,933$218,147$159,403$226,784
Short-term investments$1,120,148$1,270,466$0$0$0
Other current assets$5,706$10,689$8,656$11,732$5,491
Total current assets$1,954,222$2,298,285$2,454,895$3,054,462$2,337,884
Long-term investments$0$0$0$0$0
Fixed assets$473,648$615,641$660,365$533,968$417,430
Other long-term assets$41,159$41,159$41,159$41,159$41,159
Total long-term assets$514,807$656,800$701,524$575,127$458,589
Total assets$2,469,029$2,955,085$3,156,419$3,629,589$2,796,473
 
Liabilities20192018201720162015
Payables and accrued expenses$83,717$135,674$98,245$56,432$114,284
Other current liabilities$0$0$0$0$0
Total current liabilities$83,717$135,674$98,245$56,432$114,284
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$83,717$135,674$98,245$56,432$114,284
 
Net assets20192018201720162015
Unrestricted$2,385,312$2,819,411$3,058,174$3,573,157$2,682,189
Temporarily restricted$0$0$0$0$0
Permanently restricted$0$0$0$0$0
Net assets$2,385,312$2,819,411$3,058,174$3,573,157$2,682,189
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$1,526,464$1,882,092$1,595,695$2,939,828$1,767,353
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$102,420$11,699$0$0$0
Other revenue$36,443$46,303$46,344$72,316$69,190
Total other revenue$138,863$58,002$46,344$72,316$69,190
Total revenue$1,665,327$1,940,094$1,642,039$3,012,144$1,836,543
 
Expenses20192018201720162015
Program services$1,785,086$1,882,435$1,833,758$1,821,238$1,820,045
Management and general$193,248$178,150$215,814$180,905$181,416
Fundraising$121,092$118,272$107,450$119,033$129,023
Total expenses$2,099,426$2,178,857$2,157,022$2,121,176$2,130,484
 
Change in net assets20192018201720162015
Surplus (deficit)($434,099)($238,763)($514,983)$890,968($293,941)
Other changes in net assets$0$0$0$0$0
Total change in net assets($434,099)($238,763)($514,983)$890,968($293,941)

Response from ministry

No response has been provided by this ministry.


History


Program accomplishments


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