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 MISSION IS TO TEACH THE BIBLE BY MEANS OF RADIO AND INTERNET BROADCAST IN EIGHT LANGUAGES. WE FULFILL OUR PURPOSE USING THE UNIQUE TOOLS OF TECHNOLOGY ALONG WITH A UNIQUE BLEND OF MINISTRY-FOCUSED PROGRAMMING. OUR FORMAT IS FIFTY PERCENT BIBLICAL INSTRUCTION AND FIFTY PERCENT SACRED CHRISTIAN MUSIC. WE ALSO PROVIDE A FREE ONLINE BIBLE INSTITUTE AND ONLINE CHAT MINISTRY AS A SUPPLEMENT TO THE RADIO TEACHING.

Program Service Accomplishments

Program 1
Expenses: $9,930,016 Revenue: $17,648,551

DISSEMENATION OF RELIGIOUS AND EDUCATIONAL INFORMATION BY MEANS OF: 1) RADIO BROADCASTING IN THREE LANGUAGES 2) INTERNET AUDIO STREAMING IN EIGHT LANGUAGES 3) LITERATURE DISTRIBUTION 4) FREE ONLINE...

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DISSEMENATION OF RELIGIOUS AND EDUCATIONAL INFORMATION BY MEANS OF: 1) RADIO BROADCASTING IN THREE LANGUAGES 2) INTERNET AUDIO STREAMING IN EIGHT LANGUAGES 3) LITERATURE DISTRIBUTION 4) FREE ONLINE BIBLE INSTITUTE IN EIGHT LANGUAGES. BBN OWNS AND OPERATES OVER 100 RADIO STATIONS IN NORTH AND SOUTH AMERICA AND PROVIDES PROGRAMMING VIA SATELLITE TO SEVERAL STATIONS WHICH HAVE CHOSEN TO AFFILIATE WITH US. BBN MAINTAINS A DATABASE OF OVER 50,000 DONORS.

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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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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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