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Family Stations, Inc.

Rating
Sector:

Radio/ TV Stations

Total
Revenue:

$22,077,000

Total
Expenses:

$35,303,000

Net
Assets:

$121,858,000

Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 81.4% 131.1%
General & Admin 12.4% 16.3%
Fundraising 6.3% 2.5%
Savings 0% -59.9%


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 thoroughly committed to the Person and salvation work of Jesus Christ as revealed in God's divine Word, the Bible. It is a nondenominational educational organization dedicated to obeying our Lord's command to preach the Gospel to every creature ( Mark 16:15 ). The programs on Family Radio include no commercial advertisements. Air time for other Christian broadcasters on Family Radio is free of charge. The ministry relies solely upon God working through listeners for financial support of day - to -day operations.

Family Stations Inc. was founded in 1958. It is currently in 39 states and is translated into 11 languages. It conducts missions trips throughout the world. Family Stations also provides training for lay ministers and promotes Bible study. It also is a distributor of gospel tracts.

This organization is non-profit. Contributions to this organization are fully tax deductible to the extent allowed by law.

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 thoroughly committed to the Person and salvation work of Jesus Christ as revealed in God's divine Word, the Bible. They are nondenominational, educational organization dedicated to obeying the Lord's command to preach the Gospel to every creature ( Mark 16:15 ). The programs on Family Radio include no commercial advertisements. Air time for other Christian broadcasters on Family Radio is free of charge. The ministry relies solely upon God working through listeners for financial support of day-to-day operations.

This organization is non-profit. Contributions to this organization 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 ]

Family Stations, Inc. does not communicate any specific ministry needs at this time.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : C
Criteria categoryGradeOther Comments
Timeliness:80
Financial Information:80
Foundational Clarity:
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 RatingStarStarStar201 of 352    4 of 11
Fund Acquisition DecisionStarStarStarStar111 of 352      4 of 11
Resource Allocation DecisionStarStarStar175 of 352      4 of 11
Asset Utilization DecisionStarStar293 of 352      6 of 11
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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 Average20072006200520042003
Return on FR Efforts9%4%3%4%0%0%
Fundraising Cost Ratio6%3%2%1%0%0%
Contributions Reliance83%72%72%14%0%0%
Fundraising Expense Ratio6%2%2%2%0%0%
Other Revenue Reliance17%28%28%86%0%0%
Operating RatiosDatabase Average20072006200520042003
Program Expense Ratio81%82%78%76%0%0%
Spending Ratio100%160%137%23%0%0%
Program Output Ratio81%131%107%17%0%0%
Savings Ratio0%-60%-37%77%0%0%
Reserve Accumulation Rate2%-10%-6%89%0%0%
General & Admin Ratio12%16%20%22%0%0%
Investing RatiosDatabase Average20072006200520042003
Total Asset Turnover2.57x.23x.18x.15x0x0x
Degree of L-T Investment2.91x1.86x1.72x1.67x0x0x
Current Asset Turnover4.77x.43x.3x.25x0x0x
Age of Assets9.5yr(s)20.3yr(s)19.3yr(s)19.8yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20072006200520042003
Current Ratio122.33x19.21x35.88x36.49x0x0x
Current Liabilities Ratio.32x.05x.03x.03x0x0x
Liquid Reserve Level5.82x26.42x38.39x47.57x0x0x
Solvency RatiosDatabase Average20072006200520042003
Liabilities Ratio.23x.2x.18x.18x0x0x
Debt Ratio.06x.17x.16x.16x0x0x
Reserve Coverage Ratio87%364%477%387%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20072006200520042003
Cash$3,935,000$3,434,000$30,938,000$1,272,000$1,377,000
Receivables, Inventories & Prepaids$5,125,000$4,972,000$3,572,000$2,507,000$682,000
Short-Term Investments$72,747,000$86,651,000$67,994,000$50,113,000$1,808,000
Total Current Assets$81,808,000$95,058,000$102,506,000$53,893,000$3,868,000
Long-Term Investments$0$0$0$0$0
Fixed Assets$12,343,000$11,979,000$11,891,000$11,300,000$11,722,000
Other Long-Term Assets$58,264,000$56,897,000$56,598,000$17,280,000$7,562,000
Total Long-Term Assets$70,608,000$68,877,000$68,490,000$28,581,000$19,285,000
TOTAL ASSETS$152,416,000$163,935,000$170,997,000$82,474,000$23,153,000
Liabilities20072006200520042003
Payables & Accrued Expenses$4,079,000$2,649,000$2,808,000$2,693,000$2,121,000
Other Current Liabilities$178,000$0$0$0$0
Total Current Liabilities$4,258,000$2,649,000$2,808,000$2,693,000$2,121,000
Debt$26,299,000$26,270,000$27,952,000$25,287,000$23,480,000
Other Long-Term Liabilities$0$0$0$0$0
Total Long-Term Liabilities$26,299,000$26,270,000$27,952,000$25,287,000$23,480,000
TOTAL LIABILITIES$30,558,000$28,920,000$30,761,000$27,981,000$25,601,000
Assets20072006200520042003
Unrestricted$121,858,000$135,015,000$140,235,000$54,493,000($2,447,000)
Temporarily Restricted$0$0$0$0$0
Permanently Restricted$0$0$0$0$0
NET ASSETS$121,858,000$135,015,000$140,235,000$54,493,000($2,447,000)
Revenue and Expenses
Revenue20072006200520042003
Total Contributions$15,912,000$15,193,000$15,415,000$13,884,000$13,826,000
Program Service Revenue$91,000$252,000$2,217,000$177,000$893,000
Membership Dues$0$0$0$0$0
Investment Income$6,020,000$4,685,000$94,109,000$64,244,000$3,702,000
Other Revenue$53,000$1,008,000$0$0$0
Total Other Revenue$6,164,000$5,945,000$96,327,000$64,422,000$4,596,000
TOTAL REVENUE$22,077,000$21,139,000$111,743,000$78,306,000$18,422,000
Expenses20072006200520042003
Program Services$28,959,000$22,547,000$19,019,000$16,740,000$14,489,000
Management & General$5,781,000$5,852,000$5,565,000$4,970,000$4,788,000
Fundraising$562,000$482,000$562,000$513,000$452,000
TOTAL EXPENSES$35,303,000$28,882,000$25,148,000$22,225,000$19,730,000
Change in Net Assets20072006200520042003
SURPLUS (DEFICIT)($13,226,000)($7,743,000)$86,595,000$56,081,000($1,308,000)
Other Changes in Net Assets$69,000$2,522,000($852,000)$859,000($72,000)
TOTAL CHANGE IN NET ASSETS($13,156,000)($5,220,000)$85,742,000$56,940,000($1,380,000)

Functional Expenses [ Back to top ]

Funding Ratios20072006200520042003
Grants & Allocations$0$0$0$0$0
Specific Assistance to Individuals$0$0$0$0$0
Benefits Paid To or For Members$0$0$0$0$0
Compensation of Officers, Directors$80,000$89,000$86,000$91,000$92,000
Other Salaries, Wages$8,205,000$7,826,000$7,285,000$6,723,000$6,264,000
Pension Plan Contributions$0$0$0$0$0
Other Employee Benefits$596,000$660,000$621,000$623,000$516,000
Payroll Taxes$640,000$612,000$577,000$531,000$505,000
Professional Fundraising Fees$0$0$0$0$0
Accounting Fees$57,000$69,000$68,000$61,000$63,000
Legal Fees$67,000$134,000$152,000$121,000$172,000
Supplies$222,000$189,000$197,000$268,000$228,000
Telephone$654,000$614,000$574,000$512,000$479,000
Postage & Shipping$995,000$927,000$832,000$799,000$512,000
Occupancy$1,589,000$1,500,000$1,614,000$1,918,000$1,335,000
Equipment Rental & Maintenance$467,000$670,000$713,000$566,000$580,000
Printing & Publications$294,000$402,000$684,000$346,000$356,000
Travel$428,000$395,000$366,000$322,000$303,000
Conferences, Conventions & Meetings$37,000$5,000$33,000$56,000$19,000
Interest$1,744,000$1,758,000$1,580,000$1,629,000$1,402,000
Depreciation, Depletion etc.$992,000$997,000$919,000$880,000$1,074,000
Other Expenses$18,226,000$12,028,000$8,840,000$6,769,000$5,823,000
TOTAL NATURAL EXPENSES$35,303,000$28,882,000$25,148,000$22,225,000$19,730,000