Houston Christian Broadcasters / Keeping Him Close By 
The information on this page was last updated 2/18/2022. If you see errors or omissions, please email: [email protected]
Summary
Houston Christian Broadcasters / KHCB is a non-denominational, independent ministry, guided by a Board of Trustees and supported by the gifts of individual listeners to their radio stations. Their stations include Christian talk and teaching programs.
Contact information
Mailing address:
Keeping Him Close By
2424 South Blvd
Houston, TX 77098
Website: khcb.org
Phone: 713-520-5200
Email: [email protected]
Organization details
EIN: 741401846
CEO/President: Bruce Munsterman
Chairman: Daniel Dominguez
Board size: 8
Founder:
Ruling year: 1966
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 1994
Purpose
The focus is the Lord Jesus Christ. All programs are Biblically based, with sound doctrine, and a clear message exalting the name, the work, and the person of the Lord Jesus Christ.
The music format is inspirational. All songs are carefully reviewed by the music director and must be Biblically based, true to the Word of God, and appropriate to the format.
Mission statement
The mission is:
To introduce you to the Lord Jesus Christ as your personal Savior.
To nurture your spiritual growth and personal involvement in a local church.
To encourage and comfort you with beautiful music and Bible teaching.
Statement of faith
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Radio/ TV Stations
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 320 of 1025 | 8 of 31 |
| Fund acquisition rating | | 70 of 1027 | 3 of 31 |
| Resource allocation rating | | 433 of 1027 | 11 of 31 |
| Asset utilization rating | | 724 of 1025 | 21 of 31 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 1% | 2% | 2% | 2% | 2% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 1% | 2% | 2% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 92% | 100% | 100% | 95% | 87% | 99% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 2% | 2% | 2% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 8% | 0% | 0% | 5% | 13% | 1% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 86% | 86% | 86% | 86% | 85% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 33% | 104% | 85% | 84% | 92% |
Program output ratio Program output ratio = Program services / Total revenue | 73% | 29% | 89% | 73% | 72% | 78% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 67% | -4% | 15% | 16% | 8% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | 55% | -3% | 10% | 12% | 6% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 12% | 13% | 12% | 12% | 13% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.50 | 0.27 | 0.61 | 0.58 | 0.63 | 0.65 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.91 | 1.48 | 3.23 | 2.56 | 2.23 | 2.71 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.24 | 0.40 | 1.98 | 1.49 | 1.41 | 1.76 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.64 | 0.00 | 0.00 | 108.47 | 4238.39 | 101.82 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 9.34 | 29.65 | 6.06 | 7.98 | 8.53 | 6.74 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 5% | 1% | 3% | 0% | 0% | 0% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 1% | 3% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 163% | 361% | 158% | 171% | 159% | 153% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Cash | $1,071,699 | $1,037,362 | $1,236,344 | $1,452,130 | $983,819 |
| Receivables, inventories, prepaids | $5,218,892 | $204,448 | $398,223 | $268,393 | $203,826 |
| Short-term investments | $1,122,852 | $301,722 | $322,035 | $284,236 | $265,628 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $7,413,443 | $1,543,532 | $1,956,602 | $2,004,759 | $1,453,273 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,541,377 | $1,628,523 | $1,495,010 | $1,061,295 | $1,112,205 |
| Other long-term assets | $1,990,020 | $1,806,810 | $1,552,293 | $1,404,379 | $1,379,379 |
| Total long-term assets | $3,531,397 | $3,435,333 | $3,047,303 | $2,465,674 | $2,491,584 |
| Total assets | $10,944,840 | $4,978,865 | $5,003,905 | $4,470,433 | $3,944,857 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| Payables and accrued expenses | $0 | $0 | $18,039 | $473 | $14,273 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $0 | $0 | $18,039 | $473 | $14,273 |
| Debt | $100,000 | $150,000 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $100,000 | $150,000 | $0 | $0 | $0 |
| Total liabilities | $100,000 | $150,000 | $18,039 | $473 | $14,273 |
| Net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Without donor restrictions | $10,753,336 | $4,720,709 | $4,667,607 | $4,204,187 | $3,918,077 |
| With donor restrictions | $91,504 | $108,156 | $318,259 | $265,773 | $12,507 |
| Net assets | $10,844,840 | $4,828,865 | $4,985,866 | $4,469,960 | $3,930,584 |
| Revenues and expenses | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| Total contributions | $8,965,664 | $2,940,280 | $3,253,903 | $2,906,347 | $2,757,317 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $19,243 | $12,899 | $190,981 | $446,698 | $16,672 |
| Other revenue | ($22,393) | ($19,635) | ($10,153) | ($7,629) | $11,977 |
| Total other revenue | ($3,150) | ($6,736) | $180,828 | $439,069 | $28,649 |
| Total revenue | $8,962,514 | $2,933,544 | $3,434,731 | $3,345,416 | $2,785,966 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| Program services | $2,593,678 | $2,616,930 | $2,508,305 | $2,423,354 | $2,173,538 |
| Management and general | $353,168 | $388,364 | $353,886 | $336,570 | $335,157 |
| Fundraising | $53,130 | $50,072 | $54,741 | $59,224 | $52,919 |
| Total expenses | $2,999,976 | $3,055,366 | $2,916,932 | $2,819,148 | $2,561,614 |
| Change in net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Surplus (deficit) | $5,962,538 | ($121,822) | $517,799 | $526,268 | $224,352 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $5,962,538 | ($121,822) | $517,799 | $526,268 | $224,352 |
Compensation
| Name | Title | Compensation |
| Bruce E Munsterman | President | $120,500 |
| Bonnie B Phillips | Asst. General Mgr. | $84,000 |
Compensation data as of: 12/31/2019
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 2/18/2022. To update the information below, please email: [email protected]
History
The history of how KHCB has been chronicled in the book "For It Is God Who Works", which was authored by Dolly Martin Monroe in 1997. The contents of the book are available online for you to see how God has blessed the ministry of KHCB since 1962.