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Family Radio / Family Stations, Inc.

Rating
Sector:

Radio/ TV Stations

Total
Revenue:

$19,747,000

Total
Expenses:

$36,723,000

Net
Assets:

$72,438,000
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 79.7% 151.7%
General & Admin 12.6% 16.3%
Fundraising 6.8% 3.7%
Savings .4% -85.9%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

Family Stations, Inc. (dba Family Radio) is a teachng organization primarily via radio, shortwave, satellite and Internet.

As part of its teaching by Harold Camping, it has had numerous false predictions. Two prominent rapture dates that have come and gone were May 21, 2011 and October 21, 2011.

The plain meaning of Scripture is that no one knows specific rapture or judgment dates, but the Father God (Acts 1:7; Mark 13:32-37; Matt. 24:36-44). In all cases, prophecy must meet the standard of Scripture (1 Samuel 3:19-21). It must be accurate, and it must accord with other Scripture. If prophetic claims are not accurate, it is, by Biblical definition, a false prophet. Harold Camping would do well to heed the warning in Deuteronomy 13:1-5 and humbly submit to the profitable reproof of Scripture.

Contact Information: [ Back to top ]

Mailing Address:290 Hegenberger Rd.
Oakland, CA
94621-4621
Website: www.familyradio.com
Phone:(925) 866-3020, (800) 543-1495
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 941442453
CEO/President: Mr. Harold Camping Tax Deductible: No
Chairman: Fiscal Year End: December 31
Board Size: Financial info from: 990
Founder: Mr. Harold Camping Member of ECFA: No
Year Founded: 1958 Member of ECFA since:

Purpose [ Back to top ]

Family Stations, Inc. (dba Family Radio) is a teachng organization primarily via radio, shortwave, satellite and Internet.

The desire of Family Radio is to preach and teach from the Bible.

Family Radio is a nonprofit organization and contributions to it are fully tax deductible to the extent allowed by the law.

Mission Statement [ Back to top ]

Family Stations uses the following to express its mission:

Family Radio is thoroughly committed to the Person and salvation work of Jesus Christ as revealed in God's divine, infallible word, the Bible.

Family Radio's board of directors and staff, are thoroughly persuaded, by our obedience to God's word, that He has established this ministry for the sole purpose of using all its energy and resources to: proclaim the true Gospel to all nations around the world and accurately teach the Gospel of our Lord and Savior Jesus Christ.

Program Accomplishments [ Back to top ]

Family Stations accomplishments are as follows:

Founded a Bible School for the purpose of training lay ministers and promote Bible study through free correspondence. courses.

Family Stations hosts mission trips to hand out tracts and share the Gospel of Jesus with the lost.

Statement of Faith [ Back to top ]

Family Stations, Inc. uses the following to express it Statement of Faith:

FAMILY RADIO'S STATEMENT OF FAITH: THE BIBLE ALONE AND IN ITS ENTIRETY. Authorized King James Version

History [ Back to top ]

Family Radio was organized in 1958 under its official name, Family Stations Inc., and began to broadcast February 4, 1959, over radio station KEAR FM in San Francisco CA. Since then, God has enabled the ministry to build a number of powerful AM and FM stations around the world and several smaller educational facilities and translators. Family Radio also shares programming with local TV Stations in New Newark, NJ (channel 66) and San Francisco, CA (channel 64). Today, with the use of modern technology, God has opened the door to broadcast the Gospel, via Satellite and Internet , around the clock and around the world.

Ministry Needs [ Back to top ]

This organization has not offered MinistryWatch.com with specific needs to be posted on the profile. At such a time that MinistryWatch.com receives a response from the ministry, it will be posted immediately.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : F
Criteria categoryGradeOther Comments
Timeliness:7010/24/2011 2:49:13 PM: Organization made financial information available greater than 7 ½ months.
Financial Information:80
Foundational Clarity:0Harold Camping has had repeated false prophecies and teaching during 2011.
Level of Cooperation:
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankRadio/ TV Stations Sector
Overall Efficiency RatingStarStarStar176 of 347    2 of 11
Fund Acquisition DecisionStarStarStarStar96 of 347      2 of 11
Resource Allocation DecisionStarStarStar151 of 347      3 of 11
Asset Utilization DecisionStarStar297 of 347      7 of 11
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Donor Alert [ Back to top ]

MinistryWatch.com's 2011 list of 30 Donor Alert Ministries

Ministry Statement or Response [ Back to top ]

This organization has not offered MinistryWatch.com with an official statement or response for their profile. This area is meant as a mechanism for the profiled ministry to communicate anything they may choose. It is open ended as to the topic, issues, facts or news to address. It is not negative if there is no official statement as many don’t have anything to add than what is already on the profile. This section is not tied to transparency or to communication in general. Many very open and talkative ministries with us choose not to post an official statement. This section is just an open ended offering to the profiled ministry for anything extra to say as they may choose.

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20092008200720062005
Return on FR Efforts10%4%4%4%3%0%
Fundraising Cost Ratio7%4%10%3%2%0%
Contributions Reliance83%93%212%72%72%0%
Fundraising Expense Ratio7%2%2%2%2%0%
Other Revenue Reliance17%7%-112%28%28%0%
Operating RatiosDatabase Average20092008200720062005
Program Expense Ratio80%82%83%82%78%0%
Spending Ratio100%186%572%160%137%0%
Program Output Ratio80%152%477%131%107%0%
Savings Ratio0%-86%-472%-60%-37%0%
Reserve Accumulation Rate11%-23%-39%-11%-6%0%
General & Admin Ratio13%16%15%16%20%0%
Investing RatiosDatabase Average20092008200720062005
Total Asset Turnover2.8x.35x.35x.23x.18x0x
Degree of L-T Investment2.85x2.89x2.46x1.86x1.72x0x
Current Asset Turnover5.26x1.01x.87x.43x.3x0x
Age of Assets9.7yr(s)20.3yr(s)20yr(s)20.3yr(s)19.3yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20092008200720062005
Current Ratio2964.81x11.04x16.58x19.21x35.88x0x
Current Liabilities Ratio.31x.09x.06x.05x.03x0x
Liquid Reserve Level4.96x10.78x13x26.42x38.39x0x
Solvency RatiosDatabase Average20092008200720062005
Liabilities Ratio.23x.31x.26x.2x.18x0x
Debt Ratio.06x.28x.24x.17x.16x0x
Reserve Coverage Ratio80%197%209%345%467%0%

Financials[ Back to top ]

Balance Sheet
Assets20092008200720062005
Cash$1,509,000$6,893,000$3,935,000$3,434,000$30,938,000
Receivables, Inventories & Prepaids$671,000$5,270,000$5,125,000$4,972,000$3,572,000
Short-Term Investments$34,088,000$35,346,000$72,747,000$86,651,000$67,994,000
Total Current Assets$36,270,000$47,510,000$81,808,000$95,058,000$102,506,000
Long-Term Investments$0$0$0$0$0
Fixed Assets$11,711,000$12,793,000$12,343,000$11,979,000$11,891,000
Other Long-Term Assets$56,842,000$56,769,000$58,264,000$56,897,000$56,598,000
Total Long-Term Assets$68,553,000$69,563,000$70,608,000$68,877,000$68,490,000
TOTAL ASSETS$104,824,000$117,074,000$152,416,000$163,935,000$170,997,000
Liabilities20092008200720062005
Payables & Accrued Expenses$3,108,000$2,690,000$4,079,000$2,649,000$2,808,000
Other Current Liabilities$175,000$175,000$178,000$0$0
Total Current Liabilities$3,284,000$2,866,000$4,258,000$2,649,000$2,808,000
Debt$29,101,000$28,068,000$26,299,000$26,270,000$27,952,000
Other Long-Term Liabilities$0$0$0$0$0
Total Long-Term Liabilities$29,101,000$28,068,000$26,299,000$26,270,000$27,952,000
TOTAL LIABILITIES$32,385,000$30,934,000$30,558,000$28,920,000$30,761,000
Assets20092008200720062005
Unrestricted$72,438,000$86,139,000$121,858,000$135,015,000$140,235,000
Temporarily Restricted$0$0$0$0$0
Permanently Restricted$0$0$0$0$0
NET ASSETS$72,438,000$86,139,000$121,858,000$135,015,000$140,235,000
Revenue and Expenses
Revenue20092008200720062005
Total Contributions$18,358,000$15,261,000$15,912,000$15,193,000$15,415,000
Program Service Revenue$0$0$91,000$252,000$2,217,000
Membership Dues$0$0$0$0$0
Investment Income$991,000($8,599,000)$6,020,000$4,685,000$94,109,000
Other Revenue$397,000$543,000$53,000$1,008,000$0
Total Other Revenue$1,389,000($8,056,000)$6,164,000$5,945,000$96,327,000
TOTAL REVENUE$19,747,000$7,204,000$22,077,000$21,139,000$111,743,000
Expenses20092008200720062005
Program Services$29,976,000$34,358,000$28,959,000$22,547,000$19,019,000
Management & General$6,007,000$6,156,000$5,781,000$5,852,000$5,565,000
Fundraising$739,000$686,000$562,000$482,000$562,000
TOTAL EXPENSES$36,723,000$41,201,000$35,303,000$28,882,000$25,148,000
Change in Net Assets20092008200720062005
SURPLUS (DEFICIT)($16,975,000)($33,997,000)($13,226,000)($7,743,000)$86,595,000
Other Changes in Net Assets$0$0$69,000$2,522,000($852,000)
TOTAL CHANGE IN NET ASSETS($16,975,000)($33,997,000)($13,156,000)($5,220,000)$85,742,000