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 rating118 of 8173 of 25
Fund acquisition rating110 of 8174 of 25
Resource allocation rating134 of 8174 of 25
Asset utilization rating439 of 8179 of 25

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%2%2%2%2%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%2%2%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%100%95%87%99%98%
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
7%0%5%13%1%2%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
78%86%86%86%85%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%104%85%84%92%95%
Program output ratio Program output ratio =
Program services /
Total revenue
77%89%73%72%78%81%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-4%15%16%8%5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%-3%10%12%6%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%13%12%12%13%13%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.490.610.580.630.650.69
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.083.232.562.232.712.80
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.471.981.491.411.761.93
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
21.260.00108.474238.39101.8241.41
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.000.010.000.010.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.936.067.988.536.746.08
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
3%3%0%0%0%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%3%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
180%158%171%159%153%144%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$1,037,362$1,236,344$1,452,130$983,819$812,127
Receivables, inventories, prepaids$204,448$398,223$268,393$203,826$257,174
Short-term investments$301,722$322,035$284,236$265,628$271,838
Other current assets$0$0$0$0$0
Total current assets$1,543,532$1,956,602$2,004,759$1,453,273$1,341,139
Long-term investments$0$0$0$0$0
Fixed assets$1,628,523$1,495,010$1,061,295$1,112,205$1,064,224
Other long-term assets$1,806,810$1,552,293$1,404,379$1,379,379$1,356,470
Total long-term assets$3,435,333$3,047,303$2,465,674$2,491,584$2,420,694
Total assets$4,978,865$5,003,905$4,470,433$3,944,857$3,761,833
 
Liabilities20182017201620152014
Payables and accrued expenses$0$18,039$473$14,273$32,386
Other current liabilities$0$0$0$0$0
Total current liabilities$0$18,039$473$14,273$32,386
Debt$150,000$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$150,000$0$0$0$0
Total liabilities$150,000$18,039$473$14,273$32,386
 
Net assets20182017201620152014
Unrestricted$4,720,709$4,667,607$4,204,187$3,918,077$3,729,447
Temporarily restricted$108,156$318,259$265,773$12,507$0
Permanently restricted$0$0$0$0$0
Net assets$4,828,865$4,985,866$4,469,960$3,930,584$3,729,447
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$2,940,280$3,253,903$2,906,347$2,757,317$2,678,497
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$12,899$190,981$446,698$16,672$27,600
Other revenue($19,635)($10,153)($7,629)$11,977$15,633
Total other revenue($6,736)$180,828$439,069$28,649$43,233
Total revenue$2,933,544$3,434,731$3,345,416$2,785,966$2,721,730
 
Expenses20182017201620152014
Program services$2,616,930$2,508,305$2,423,354$2,173,538$2,191,307
Management and general$388,364$353,886$336,570$335,157$341,450
Fundraising$50,072$54,741$59,224$52,919$50,954
Total expenses$3,055,366$2,916,932$2,819,148$2,561,614$2,583,711
 
Change in net assets20182017201620152014
Surplus (deficit)($121,822)$517,799$526,268$224,352$138,019
Other changes in net assets$0$0$0$0$0
Total change in net assets($121,822)$517,799$526,268$224,352$138,019

Compensation

NameTitleCompensation
Bruce E MunstermanPresident$108,000
Bonnie B PhillipsAsst. General Mgr.$87,500

Compensation data as of: 12/31/2018


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