Houston Christian Broadcasters / Keeping Him Close By

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/22/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Houston Christian Broadcasters / KHCB is a non-denominational, independent ministry, guided by a Board of Trustees and supported by the gifts of individual listeners to their radio stations. Their stations include Christian talk and teaching programs.


Contact information

Mailing address:
Keeping Him Close By
2424 South Blvd
Houston, TX 77098

Website: khcb.org

Phone: 713-520-5200

Email: email@khcb.org


Organization details

EIN: 741401846

CEO/President: Bruce Munsterman

Chairman:

Board size: 0

Founder:

Year founded: 1966

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1994


Purpose

The focus is the Lord Jesus Christ. All programs are Biblically based, with sound doctrine, and a clear message exalting the name, the work, and the person of the Lord Jesus Christ.

The music format is inspirational. All songs are carefully reviewed by the music director and must be Biblically based, true to the Word of God, and appropriate to the format.


Mission statement

The mission is:

To introduce you to the Lord Jesus Christ as your personal Savior. To nurture your spiritual growth and personal involvement in a local church. To encourage and comfort you with beautiful music and Bible teaching.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Radio/ TV Stations

CategoryRatingOverall rankSector rank
Overall efficiency rating249 of 9139 of 30
Fund acquisition rating53 of 9153 of 30
Resource allocation rating343 of 91511 of 30
Asset utilization rating638 of 91321 of 30

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%1%2%2%2%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%1%2%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%100%100%95%87%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%2%2%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%0%0%5%13%1%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%86%86%86%86%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
92%33%104%85%84%92%
Program output ratio Program output ratio =
Program services /
Total revenue
73%29%89%73%72%78%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
8%67%-4%15%16%8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%55%-3%10%12%6%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%12%13%12%12%13%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.270.610.580.630.65
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.031.483.232.562.232.71
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.440.401.981.491.411.76
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.730.000.00108.474238.39101.82
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.000.000.010.000.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.9029.656.067.988.536.74
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
4%1%3%0%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%1%3%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
163%361%158%171%159%153%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$1,071,699$1,037,362$1,236,344$1,452,130$983,819
Receivables, inventories, prepaids$5,218,892$204,448$398,223$268,393$203,826
Short-term investments$1,122,852$301,722$322,035$284,236$265,628
Other current assets$0$0$0$0$0
Total current assets$7,413,443$1,543,532$1,956,602$2,004,759$1,453,273
Long-term investments$0$0$0$0$0
Fixed assets$1,541,377$1,628,523$1,495,010$1,061,295$1,112,205
Other long-term assets$1,990,020$1,806,810$1,552,293$1,404,379$1,379,379
Total long-term assets$3,531,397$3,435,333$3,047,303$2,465,674$2,491,584
Total assets$10,944,840$4,978,865$5,003,905$4,470,433$3,944,857
 
Liabilities20192018201720162015
Payables and accrued expenses$0$0$18,039$473$14,273
Other current liabilities$0$0$0$0$0
Total current liabilities$0$0$18,039$473$14,273
Debt$100,000$150,000$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$100,000$150,000$0$0$0
Total liabilities$100,000$150,000$18,039$473$14,273
 
Net assets20192018201720162015
Without donor restrictions$10,753,336$4,720,709$4,667,607$4,204,187$3,918,077
With donor restrictions$91,504$108,156$318,259$265,773$12,507
Net assets$10,844,840$4,828,865$4,985,866$4,469,960$3,930,584
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$8,965,664$2,940,280$3,253,903$2,906,347$2,757,317
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$19,243$12,899$190,981$446,698$16,672
Other revenue($22,393)($19,635)($10,153)($7,629)$11,977
Total other revenue($3,150)($6,736)$180,828$439,069$28,649
Total revenue$8,962,514$2,933,544$3,434,731$3,345,416$2,785,966
 
Expenses20192018201720162015
Program services$2,593,678$2,616,930$2,508,305$2,423,354$2,173,538
Management and general$353,168$388,364$353,886$336,570$335,157
Fundraising$53,130$50,072$54,741$59,224$52,919
Total expenses$2,999,976$3,055,366$2,916,932$2,819,148$2,561,614
 
Change in net assets20192018201720162015
Surplus (deficit)$5,962,538($121,822)$517,799$526,268$224,352
Other changes in net assets$0$0$0$0$0
Total change in net assets$5,962,538($121,822)$517,799$526,268$224,352

Compensation

NameTitleCompensation
Bruce E MunstermanPresident$120,500
Bonnie B PhillipsAsst. General Mgr.$84,000

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 3/22/2021. To update the information below, please email: info@ministrywatch.com


History

The history of how KHCB has been chronicled in the book "For It Is God Who Works", which was authored by Dolly Martin Monroe in 1997. The contents of the book are available online for you to see how God has blessed the ministry of KHCB since 1962.


Program accomplishments


Needs