Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $9,266,673

• 1e · Government grants (contributions)

  $106,967

• 1f · All other contributions, gifts and grants

  $65,812,065

• 1g · Noncash contributions included above

  $42,279,493

• 3 · Investment income

  total $1,568,168 · excluded $1,568,168

• 7a · Gross sales of assets other than inventory

  securities $402,910 · other assets $13,613

• 7b · Less cost or other basis and sales expenses

  securities $409,179 · other assets $9,768

• 7c · Gain or loss

  securities -$6,269 · other assets $3,845

• 7d · Net gain or loss

  total -$2,424 · excluded -$2,424

• 11a · Other revenue: REBATES AND RECYCLING

  total $17,931 · related or exempt $0 · unrelated business $0 · excluded $17,931

• 11b · Other revenue: INTERNATIONAL REVENUE

  total $61 · related or exempt $61 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $17,992

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,417,135 · program services $1,417,135

• 2 · Grants to domestic individuals

  total $40,943,696 · program services $40,943,696

• 3 · Grants to foreign organizations and individuals

  total $15,245,928 · program services $15,245,928

• 5 · Compensation of officers, directors and key employees

  total $755,349 · program services $184,170 · management and general $393,973 · fundraising $177,206

• 7 · Other salaries and wages

  total $9,302,603 · program services $7,328,650 · management and general $98,425 · fundraising $1,875,528

• 8 · Pension plan contributions

  total $40,598 · program services $40,598

• 9 · Other employee benefits

  total $1,481,689 · program services $1,116,898 · management and general $14,881 · fundraising $349,910

• 10 · Payroll taxes

  total $743,395 · program services $585,909 · management and general $7,530 · fundraising $149,956

• 11b · Fees: legal

  total $99,688 · program services $96,288 · management and general $3,400

• 11c · Fees: accounting

  total $104,846 · program services $17,396 · management and general $87,450

• 11g · Fees: other

  total $846,328 · program services $723,486 · management and general $72,606 · fundraising $50,236

• 12 · Advertising and promotion

  total $428,524 · program services $142,262 · management and general $600 · fundraising $285,662

• 13 · Office expenses

  total $1,216,052 · program services $330,432 · management and general $11,623 · fundraising $873,997

• 14 · Information technology

  total $211,297 · program services $124,239 · management and general $5,874 · fundraising $81,184

• 16 · Occupancy

  total $1,618,388 · program services $1,594,948 · management and general $23,440

• 17 · Travel

  total $1,605,785 · program services $1,510,453 · management and general $43,399 · fundraising $51,933

• 19 · Conferences, conventions and meetings

  total $77,639 · program services $71,929 · management and general $307 · fundraising $5,403

• 20 · Interest

  total $34,405 · program services $34,405

• 22 · Depreciation, depletion and amortization

  total $911,618 · program services $820,319 · management and general $91,299

• 23 · Insurance

  total $906,632 · program services $658,021 · management and general $241,088 · fundraising $7,523

• 24a · Other expenses: TRUCK EXPENSES

  total $2,132,277 · program services $2,132,277 · management and general $0 · fundraising $0

• 24b · Other expenses: SMALL EQUIPMENT & PARTS

  total $1,056,084 · program services $1,039,976 · management and general $14,987 · fundraising $1,121

• 24c · Other expenses: TAXES AND LICENSES

  total $432,772 · program services $422,218 · management and general $6,286 · fundraising $4,268

• 24d · Other expenses: MEDICAL EXPENSES

  total $106,039 · program services $102,929 · management and general $3,110 · fundraising $0

• 24e · All other expenses

  total $946,784 · program services $233,189 · management and general $26,691 · fundraising $686,904

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,363,673 · end of year $230,831

• 2 · Savings and temporary cash investments

  beginning of year $31,752,237 · end of year $29,106,179

• 3 · Pledges and grants receivable

  beginning of year $3,465,859 · end of year $3,607,639

• 4 · Accounts receivable

  beginning of year $550,204 · end of year $356,939

• 8 · Inventories for sale or use

  beginning of year $7,314,093 · end of year $2,214,366

• 9 · Prepaid expenses and deferred charges

  beginning of year $765,986 · end of year $901,408

• 10a · Land, buildings and equipment: cost or other basis

  $5,496,065

• 10b · Land, buildings and equipment: accumulated depreciation

  $4,274,034

• 10c · Land, buildings and equipment, net

  beginning of year $1,959,676 · end of year $1,222,031

• 11 · Investments: publicly traded securities

  end of year $0

• 15 · Other assets

  beginning of year $7,524,776 · end of year $5,191,242

• 17 · Accounts payable and accrued expenses

  beginning of year $1,371,876 · end of year $1,575,429

• 23 · Secured mortgages and notes payable

  beginning of year $951,565 · end of year $720,147

• 25 · Other liabilities

  beginning of year $13,532,856 · end of year $6,590,962

• 27 · Net assets without donor restrictions

  beginning of year $14,536,499 · end of year $16,000,504

• 28 · Net assets with donor restrictions

  beginning of year $25,303,708 · end of year $17,943,593

The filer's explanations (Part III)

PART I, QUESTION 3:

GORDON P. ROBERTSON, OB'S PRESIDENT, IS COMPENSATED BY BOTH THE CHRISTIAN BROADCASTING NETWORK AND REGENT UNIVERSITY, BOTH ENTITIES ARE RELATED TO OB, AND THEIR RESPECTIVE BOARDS UTILIZE COMPENSATION STUDIES TO APPROVE HIS ANNUAL COMPENSATION.