Far East Broadcasting Company, Inc.

The information on this page was last updated 3/15/2023. If you see errors or omissions, please email: [email protected]


Summary

FEBC is an interdenominational ministry whose sole purpose is to share the Good News of Jesus Christ to the world through radio, the Internet, and emerging technologies.

One of our key focus areas in the world is between the lines of latitude 40 degrees and 10 degrees north of the equator. This portion of planet contains 4.65 billion people, 69 nations, and the greatest amount of the world's most unreached people.

Since some of these areas are hostile to the Gospel or difficult to reach, we embrace the unique media technologies that work for a particular region and use those technologies to proclaim the Good News into each country. This varies from shortwave radio, which has been around since we began 75 years ago, to the distribution of new cell phone SD cards containing the Gospel message.

Whatever technology is needed, however, it is used to proclaim the Gospel boldly - even in the face of persecution. And, praise God, the message of Jesus Christ is reaching hearts who otherwise would have had no way to hear the message.


Contact information

Mailing address:
Far East Broadcasting Company, Inc
PO Box 1
La Mirada, CA 90637-0001

Website: www.febc.org

Phone: 800-523-3480

Email: [email protected]


Organization details

EIN: 951461574

CEO/President: Edward Cannon

Chairman: Laurie Kattner

Board size: 9

Founder: Bob Bowman and John Broger

Ruling year: 1946

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1979


Purpose

Until every man, woman, and child have heard the Gospel of Christ, we use media to communicate the Good News among the nations.

Jesus commissioned all Christian believers to devote themselves to the same mission until he returns: sharing the Good News and making new disciples.

"All authority in heaven and on earth has been given to me. Go therefore and make disciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit, teaching them to observe all that I have commanded you. And behold, I am with you always, to the end of the age." -Matthew 28:18-20 (ESV)

And the vision of the Apostle John in Revelation 7:9-10 is the future reality we are striving for.

After this I looked, and behold, a great multitude that no one could number, from every nation, from all tribes and peoples and languages, standing before the throne and before the Lamb, clothed in white robes, with palm branches in their hands, 10 and crying out with a loud voice, "Salvation belongs to our God who sits on the throne, and to the Lamb!" -Revelation 7:9-10 (ESV)


Mission statement

We communicate the Good News among the nations by media to inspire people to follow Jesus Christ.


Statement of faith

We believe:

The Bible to be the inspired, the only infallible, authoritative Word of God.

That there is one God, eternally existent in three persons: Father, Son, and Holy Spirit.

In the deity of Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and that He will personally return in power and glory.

That for the salvation of lost and sinful men and women, regeneration by the Holy Spirit is absolutely essential.

In the present ministry of the Holy Spirit, by whose indwelling the Christian is enabled to live a godly life.

In the resurrection of both the saved and the lost; they that are saved into the resurrection of life, and they that are lost into the resurrection of damnation.

In the spiritual unity of believers in Christ.

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Transparency grade

A

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Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating1022 of 1104131 of 143
Fund acquisition rating995 of 1105126 of 143
Resource allocation rating799 of 1105108 of 143
Asset utilization rating881 of 1104106 of 143

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%14%12%11%11%9%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%12%10%10%9%8%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%86%81%88%87%83%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%14%10%10%10%10%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%14%19%12%13%17%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%79%82%82%83%82%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%88%92%97%95%77%
Program output ratio Program output ratio =
Program services /
Total revenue
82%69%76%80%79%63%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%12%8%3%5%23%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%14%8%2%5%28%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
8%7%7%8%7%8%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.320.790.690.710.720.71
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.211.341.101.101.241.19
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.961.050.760.780.890.84
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
18.8117.3725.2024.7921.0619.57
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.060.040.040.050.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.6710.7215.0714.8212.8113.51
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
7%21%20%21%19%23%
Debt ratio Debt ratio =
Debt /
Total assets
0%3%3%3%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
68%100%115%112%113%109%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$980,038$1,860,826$2,794,761$1,656,572$1,440,696
Receivables, inventories, prepaids$179,347$183,445$315,203$408,263$348,869
Short-term investments$12,853,479$13,963,098$12,026,113$10,851,597$11,543,075
Other current assets$0$0$0$0$0
Total current assets$14,012,864$16,007,369$15,136,077$12,916,432$13,332,640
Long-term investments$3,588,236$745,372$810,316$1,176,801$1,554,180
Fixed assets$73,845$73,845$551,342$629,914$680,673
Other long-term assets$1,054,612$802,120$103,985$1,265,981$267,576
Total long-term assets$4,716,693$1,621,337$1,465,643$3,072,696$2,502,429
Total assets$18,729,557$17,628,706$16,601,720$15,989,128$15,835,069
 
Liabilities20222021202020192018
Payables and accrued expenses$806,623$635,225$610,565$613,261$681,436
Other current liabilities$0$0$0$0$0
Total current liabilities$806,623$635,225$610,565$613,261$681,436
Debt$514,269$514,269$514,269$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$2,668,426$2,372,217$2,357,786$2,379,584$2,939,818
Total long-term liabilities$3,182,695$2,886,486$2,872,055$2,379,584$2,939,818
Total liabilities$3,989,318$3,521,711$3,482,620$2,992,845$3,621,254
 
Net assets20222021202020192018
Without donor restrictions$7,315,637$6,974,462$6,954,687$6,912,601$6,243,954
With donor restrictions$7,424,602$7,132,533$6,164,413$6,083,682$5,969,861
Net assets$14,740,239$14,106,995$13,119,100$12,996,283$12,213,815
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$14,547,943$10,779,904$10,651,360$10,613,034$12,178,786
Program service revenue$2,105,582$1,586,599$1,131,648$1,142,435$1,196,137
Membership dues$0$0$0$0$0
Investment income$230,306$942,511$288,943$382,065$1,261,119
Other revenue$1,674$0$0$0$0
Total other revenue$2,337,562$2,529,110$1,420,591$1,524,500$2,457,256
Total revenue$16,885,505$13,309,014$12,071,951$12,137,534$14,636,042
 
Expenses20222021202020192018
Program services$11,686,714$10,061,572$9,602,248$9,600,969$9,177,684
Management and general$997,321$894,015$945,206$798,190$918,991
Fundraising$2,099,236$1,283,327$1,217,998$1,124,664$1,139,770
Total expenses$14,783,271$12,238,914$11,765,452$11,523,823$11,236,445
 
Change in net assets20222021202020192018
Surplus (deficit)$2,102,234$1,070,100$306,499$613,711$3,399,597
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,102,234$1,070,100$306,499$613,711$3,399,597

Compensation

NameTitleCompensation
Edward CannonPresident and CEO$297,729
Mary K Park ExecutiveDirector, Korean Ministrie$173,255
Scott HasselTreasurer and CFO$167,406
David WollenVP Development$143,882
Sandy WilsonDirector of Development$130,191
Cheri CarpenterCorporate Secretary$106,493

Compensation data as of: 6/30/2022


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 3/15/2023. To update the information below, please email: [email protected]


History

While attending Southern California Bible College, God planted in the hearts of two young men named Bob Bowman and John Broger a vision for missionary radio that would one day become Far East Broadcasting Company (FEBC). They shared this vision with Reverend William Roberts, the pastor of a church that Bowman's parents attended, who enthusiastically supported their plan; Roberts and his church were the first to assist FEBC through prayer and funding.

In 1945, FEBC was officially incorporated by Bob Bowman, John Broger and William Roberts and established with one goal in mind: broadcasting Christ to the world. They had no supportive board at the time, and were not affiliated with a specific church denomination. Instead, they followed God's lead to launch a ministry that focused on sharing Christ with the people of Asia. With nothing more than a heart to reach the lost and an understanding of radio's ability to reach far and wide, they leaned on this promise from God: "I will instruct you and teach you in the way you should go. I will guide you with my eye" (Psalm 32:8).

With one country in particular on their hearts-China-they aired their very first broadcast from Shanghai. But by 1948 all mission work in China was shut down due to communism; an alternative had to be found.

First Radio Station

Ideally located in the South China Sea, the Philippines had much to offer, and the newly established nation was more than willing for FEBC to establish their operations there. The first broadcasts, over local station KZAS (as it was known), went on the air in Manila on June 4, 1948. International broadcasts to China started the following year and have since expanded to cover most of Southeast Asia, as well as Russia, Ukraine, Central Asia, Mongolia and India. FEBC's sister organization, Feba, broadcasts programs in Africa and the Middle East.

Circling the Globe

FEBC's programs are now heard on AM and FM stations worldwide, as well as by satellite, the Internet, and on SD cards through our Gospel Speaker Box. We also broadcast by shortwave through our transmitter sites in the Philippines, sharing Christ with hard-to-reach minority ethnic groups. We are now broadcasting 1,571 hours each day in 141 languages worldwide. Four billion people live within range of our transmitters. But the only figure we're truly interested in is the number of people whose lives have been changed by Jesus Christ.

Last year, we received 148 million listener responses, many attesting to transformed lives. This is why FEBC was launched...and this is why we continue...to share Jesus Christ with the world. UNTIL ALL HAVE HEARD.


Program accomplishments

Last year we received 148 million listener engagements to the Gospel. FEBC broadcasts are heard in 145 languages and in 50 countries around the world aired from 149 stations and transmitters, totaling 1,571 hours of programming a day/365 days a year.


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