2014-10-31T16:39:32-07:00 2013-12-31 990 2013-01-01 540888863 BIBLE BROADCASTING NETWORK INCORPORATED BIBL 7045235555 11530 CARMEL COMMONS BLVD CHARLOTTE NC 28226 JASON PADGETT TREASURER/CFO 7045235555 2014-09-30 2013 2015-11-30 17:44:51Z LOWELL DAVEY 11530 CARMEL COMMONS BLVD CHARLOTTE NC 28226 12725495 0 X www.bbnradio.org X 1968 VA 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. 9 1 99 0 0 0 11370268 11861874 0 0 393750 503833 258914 265548 12022932 12631255 0 0 0 0 5802299 6507773 0 0 372052 3266538 4248823 9068837 10756596 2954095 1874659 78359021 66432705 110645 2571371 78248376 63861334 TEACH THE BIBLE VIA RADIO AND INTERNET BROADCAST IN EIGHT LANGUAGES. OUR FORMAT IS FIFTY PERCENT BIBLICAL INSTRUCTION AND FIFTY PERCENT SACRED CHRISTIAN MUSIC. WE ALSO PROVIDE A FREE ONLINE BIBLE INSTITUTE AS A SUPPLEMENT TO THE RADIO TEACHING. 0 0 8563465 0 11861874 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. 0 0 0 8563465 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 90 0 1 99 1 0 1 AR BL BR CI CO CS EC GM HO PA PM VE 0 0 0 0 0 0 0 1 1 0 X 9 1 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 X X BIBLE BROADCASTING NETWORK 7045235555 11530 CARMEL COMMONS BLVD CHARLOTTE NC 28226 CARL REDEMANN DIRECTOR 40 0 X 88332 0 5167 CHARLES R JOHNSON DIRECTOR 40 0 X 68869 0 5167 JUD MAST DIRECTOR 10 0 X 92594 0 0 JOY D RALEY DIRECTOR 5 0 X 9423 0 0 JUAN LOPEZ DIRECTOR 40 0 X 74467 0 5167 THURLOW A SMITH DIRECTOR 2 0 X 2400 0 0 LOWELL L DAVEY PRESIDENT 40 0 X 106718 0 5093 BARBARA REDEMANN VICE PRESIDENT 30 0 X 29931 0 0 JASON PADGETT SECRETARY-TREASURER 40 0 X 80647 0 7630 553381 0 28224 1 0 0 0 TRANE US INC 4501 S TRYON ST CHARLOTTE NC 28217 HVAC EQUIPMENT AND INSTALLATION AT CORPORATE HQ 425501 1 0 0 0 0 0 11861874 117162 11861874 0 421659 0 0 421659 0 0 0 0 0 0 0 0 262448 0 0 0 262448 0 262448 0 0 262448 68752 107662 68564 25676 188 81986 82174 0 0 82174 0 ENGINEERING SERVICES 811000 2600 0 0 2600 MISCELLANEOUS 813110 500 0 0 500 0 0 0 0 3100 12631255 0 0 769381 0 0 0 0 0 0 0 0 650054 177607 391185 81262 0 0 0 0 4280305 3523975 696406 59924 0 0 0 0 1177729 969624 191617 16488 399685 302562 87531 9592 0 0 0 0 101780 86780 0 15000 17000 0 17000 0 0 0 0 0 0 0 86788 0 86788 0 319803 317898 1405 500 110546 65552 562 44432 308809 125492 57035 126282 117327 100467 4596 12264 125645 124257 1388 0 1842904 1635691 207213 0 123954 68924 48722 6308 0 0 0 0 1437 762 675 0 0 0 0 0 88747 88747 0 0 510218 510218 0 0 25219 25219 0 0 RENTAL OF SATELLITE SPACE 84420 84420 0 0 BROADCAST EQUIPMENT REPAIR/MAINT 121392 121392 0 0 NEWS SERVICE 29836 29836 0 0 LITERATURE DISTRIBUTION 204042 204042 0 0 28956 0 28956 0 10756596 8563465 1821079 372052 4028263 4101445 25528026 24615573 0 0 11718 479 0 0 0 0 6700083 11988603 0 0 0 0 14464352 7023601 22239835 7440751 5943007 5381885 0 0 0 0 13672384 12902113 235705 1856 78359021 66432705 40083 2500809 0 0 0 0 70562 70562 0 0 0 0 0 0 0 0 110645 2571371 X 0 0 0 0 78248376 63861334 78248376 63861334 78359021 66432705 X 1874659 -46605 0 0 0 -16215096 X X 1 X 1 X 1 0 X 10887681 10917023 11090708 11370268 11861874 56127554 0 0 0 0 0 0 0 0 0 0 0 0 10887681 10917023 11090708 11370268 11861874 56127554 0 56127554 774514 737429 544627 618284 687207 3362061 0 0 0 0 0 0 0 0 0 0 0 0 59489615 0 0.94348 0.93744 X 0 2918375 2918375 0 3963182 1972532 1990650 0 0 0 0 0 7382597 4850871 2531726 0 200198 200198 0 7440751 16779697 -46605 0 0 4195047 4148442 12631255 0 0 0 12631255 14179581 0 0 0 3422985 3422985 10756596 0 0 0 10756596 Schedule D, Part XI, Line 2d (1) $5200 -- RELATED TO SALE OF RADIO FREQUENCY PERMITS CONSIDERED INCOME ON AUDITED STATEMENTS BUT AS A REDUCTION OF LEGAL EXPENSE ON BBN STATEMENTS. THIS DOES NOT CHANGE THE FINAL RESULT OF NET INCOME. (2) $30 -- DONATION ORIGINALLY DATED 12/31/13 MOVED TO 2014 FISCAL YEAR. (3) $4,189,817 -- DONATIONS AND MISCELLANEOUS INCOME FROM SOUTH AMERICAN AFFILIATE STATIONS Schedule D, Part XII, Line 2d (1) $5200 -- RELATED TO SALE OF RADIO FREQUENCY PERMITS CONSIDERED A REDUCTION OF LEGAL EXPENSE ON BBN INCOME STATEMENT BUT AS OTHER INCOME ON AUDITED FINANCIAL STATEMENTS. THIS DOES NOT CHANGE THE FINAL RESULT OF NET INCOME. (2) $3,417,785 -- BROADCAST AND ADMINISTRATIVE EXPENSES FROM SOUTH AMERICAN AFFILIATE STATIONS South America 0 0 Program Services SPANISH RADIO BROADCAST 7100 South America 8 8 Investments INVESTMENT IN RADIO LICENSES IN SOUTH AMERICA. THESE STATIONS BROADCAST BBN, INC SPANISH PROGRAMMING 24 HOURS A DAY THUS FULFILLING OUR PROGRAM PURPOSE OF CHRISTIAN RADIO. 10388458 Central America and the Caribbean 3 3 Investments INVESTMENT IN RADIO LICENSES IN CENTRAL AMERICA. THESE STATIONS BROADCAST BBN, INC SPANISH PROGRAMMING 24 HOURS A DAY THUS FULFILLING OUR PROGRAM PURPOSE OF CHRISTIAN RADIO. 1600145 11 11 11995703 0 0 1 0 0 0 X 16 117112 STOCK PRICE X POSTAGE STAMPS 8 50 STAMP PRICE 13 0 1 0 Form 990, Part VI, Section A, Line 2 (1) LOWELL DAVEY / JOY RALEY ---> FATHER-DAUGHTER (2) LOWELL DAVEY / BARBARA REDEMANN ---> FATHER-DAUGHTER (3) CARL REDEMANN / BARBARA REDEMANN ---> HUSBAND-WIFE Form 990, Part VI, Section B, Line 11b COMPLETED DRAFT IS SUBMITTED TO THE GOVERNING BODY FOR REVIEW AND FINAL APPROVAL IS OBTAINED FROM THE TREASURER/CFO. Form 990, Part VI, Section B, Line 12c IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 AN INDEPENDENT FINANCIAL REVIEW OF THE FINANCIAL STATEMENTS AND GENERAL LEDGER OF 2012 WAS CONDUCTED IN THE LATER PORTION OF 2013. THE REDUCTION IN NET ASSETS OF $ 16,215,096 REFLECTS THOSE RESULTS. JOURNAL ENTRIES WERE MADE TO WRITE OFF ASSETS THAT SHOULD NO LONGER BE CARRIED ON THE BOOKS AND DEPRECIATION SCHEDULES WERE ESTABLISHED FOR ALL REMAINING FIXED ASSETS. Form 990, Part XII, Line 1 A CHANGE IN ACCOUNTING METHOD WAS MADE IN 2013 FROM MODIFIED CASH TO ACCRUAL BASED ON THE REVIEW OF AN INDEPENDENT CPA. ADDITIONAL TIME WAS REQUIRED TO CONCLUDE INDEPENDENT AUDIT OF FINANCIAL STATEMENTS AND TO ASSEMBLE COMPLETE INFORMATION.