BIBLE BROADCASTING NETWORK INCORPORATED

EIN: 540888863 501(c)(3) Religion

CHARLOTTE, NC

Total Revenue
$19,730,934
Total Expenses
$12,390,266
Total Assets
$112,404,062
Net Assets
$105,580,257
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
VA
Principal Officer
BARBARA REDEMANN
Phone
7045235555
Tax Period
2023-01-01 to 2023-12-31

BIBLE BROADCASTING NETWORK INCORPORATED, founded in 1969, is a mid-sized nonprofit in the Religion sector that reported $19.7M in total revenue in fiscal year 2023. The organization ran a surplus of $7.3M, a strong 37% operating margin.

Mission

Our purpose is to get God's Word into the hearts and minds of people using the the tools of radio and the internet, enabling us to teach people 24 hours a day.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $17,648,551
Program Service Revenue $0
Investment Income $1,646,401
Other Revenue $435,982
TOTAL REVENUE $19,730,934

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,753,798
Fundraising Expenses $753,926
Program Expenses $9,930,016
Other Expenses $5,636,468
TOTAL EXPENSES $12,390,266

Year-over-Year Comparison

2023 2022 Change
Revenue $19,730,934 $19,963,695 0.0%
Expenses $12,390,266 $12,121,435 +0.0%
Net Income $7,340,668 $7,842,260 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
3
Employees
84
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$375,663
Total Directors
3
$88,074
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON PADGETT SECRETARY-TREASURER 40
Officer
$115,221 $32,498 $147,719
CARL REDEMANN EXECUTIVE DIRECTOR 40
Officer
$126,936 $16,249 $143,185
SCOTT CURTIS INTERNET MINISTRIES DIRECTOR 40
Highest
$103,502 $27,000 $130,502
HENRY CRULL DEVELOPMENT DIRECTOR 40
Highest
$102,535 $9,332 $111,867
JEFFREY BLODGETT DIRECTOR 40
Director
$80,310 $7,764 $88,074
BARBARA REDEMANN PRESIDENT 30
Officer
$64,610 $16,249 $80,859
THURLOW A SMITH VICE PRESIDENT 2
Officer
$3,900 $0 $3,900
JUD MAST DIRECTOR 1
Director
$0 $0 $0
DAVID SMITH DIRECTOR 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $19,730,934 $12,390,266 $112,404,062 $7,340,668
2022 $19,963,695 $12,121,435 $104,318,903 $7,842,260
2021 $19,453,419 $11,630,022 $94,578,344 $7,823,397
2020 $16,194,643 $11,464,522 $86,889,945 $4,730,121
2019 $14,529,494 $11,246,223 $82,152,219 $3,283,271
2018 $14,193,983 $11,397,724 $78,159,791 $2,796,259
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