2012 [2.8 MB] - Billy Graham Evangelistic Association

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Consolidated Statement of ActivitiesFor the Year Ended December 31, 2012 (with Summarized Totals for 2011)2012Temporarily Permanently 2011Unrestricted Restricted Restricted Total TotalOperating activitiesSupport and revenue:Contributions $ 60,205,807 $ 25,231,540 $ 223,347 $ 85,660,694 $ 81,706,330Billy Graham Training Center 5,789,378 – – 5,789,378 4,760,994Decision magazine and other evangelistic materials 1,450,706 – – 1,450,706 1,464,098Other income 5,546,070 – – 5,546,070 4,893,691Net assets released from restrictions 28,124,785 (28,135,449) 10,664 – –Total support and revenue 101,116,746 (2,903,909) 234,011 98,446,848 92,825,113Operating Expenses:Ministry expenses:Evangelistic Crusades 21,158,551 – – 21,158,551 21,851,689My Hope, World Evangelism Through Television 4,433,905 – – 4,433,905 8,228,972Radio, television, and film 11,180,629 – – 11,180,629 9,729,229Print and Internet 13,573,270 – – 13,573,270 9,251,074Billy Graham Library 6,079,818 – – 6,079,818 5,993,906Billy Graham Training Center 10,386,623 – – 10,386,623 11,281,413Evangelism training 287,693 – – 287,693 907,943Dare to Be a Daniel 879,481 – – 879,481 598,156Rapid Response Team and World Emergency Fund 1,146,366 – – 1,146,366 1,260,486Decision magazine 3,080,912 – – 3,080,912 3,017,143SearchforJesus.net 3,835,610 – – 3,835,610 1,214,599Other evangelistic ministry 4,126,120 – – 4,126,120 3,712,008Total ministry expenses 80,168,978 – – 80,168,978 77,046,618Support activities:Fund-raising 6,081,828 – – 6,081,828 6,453,836General and administrative 9,748,523 – – 9,748,523 10,510,588Total operating expenses 95,999,329 – – 95,999,329 94,011,042Change in net assets from operations 5,117,417 (2,903,909) 234,011 2,447,519 (1,185,929)Nonoperating activitiesInvestment income 2,615,384 421,910 24,615 3,061,909 3,255,653Net (loss) on sale of fixed assets (32,189) – – (32,189) (26,721)Realized gains on sale of investments 2,876,473 279,174 53,431 3,209,078 1,546,635Unrealized investment gains (losses) 7,292,478 597,862 38,554 7,928,894 (3,238,184)Change in value of annuities and trusts (5,981,100) 1,711,850 (90,070) (4,359,320) (3,952,067)Total nonoperating activities 6,771,046 3,010,796 26,530 9,808,372 (2,414,684)Change in net assets 11,888,463 106,887 260,541 12,255,891 (3,600,613)Net assets at beginning of year 232,902,587 15,299,546 10,335,456 258,537,589 262,138,202Net assets at end of year $ 244,791,050 $ 15,406,433 $ 10,595,997 $ 270,793,480 $ 258,537,589The accompanying notes to the consolidated financial statements are an integral part of these statements.34 BILLY GRAHAM EVANGELISTIC ASSOCIATION & AFFILIATED ORGANIZATIONS
Consolidated Statement of Cash FlowsFor the Year Ended December 31, 2012 and 20112012 2011Operating activitiesChange in net assets $ 12,255,891 $ (3,600,613)Adjustments to reconcile change in net assets to net cashprovided by operating activities:Depreciation and amortization expense 6,506,570 7,449,387Realized (gains) on sale of investments (3,209,078) (1,546,635)Unrealized (gains) losses on investments (7,928,894) 3,238,184Actuarial adjustment on annuity obligations 4,318,673 1,536,784Donations of real estate and mortgage deeds receivable (181,376) (182,165)Net gains (losses) on sale of fixed assets and donated real estate 67,217 (15,916)Changes in operating assets and liabilities:(Increase) Decrease in receivables, net of allowances 2,259,232 (1,262,904)(Increase) in inventories, prepaid expenses and othercurrent assets (58,146) (436,095)(Decrease) in accounts payable, accrued expenses anddeferred revenue (732,867) (78,180)Net cash provided by operating activities 13,297,222 5,101,847Investing activitiesMaturities of investments 2,279,114 1,245,329Proceeds from sales of investments functioning as endowments 114,218,185 115,544,508Purchase of investments functioning as endowments (114,701,513) (119,648,388)Purchases of fixed assets (2,233,906) (1,473,310)Additions to other assets (3,346,390) (64,639)Net increase in deferred giving program assets (1,730,251) (3,061,915)Proceeds from the sale of fixed assets and donated real estate 396,305 132,509Net cash used in investing activities (5,118,456) (7,325,906)Financing activitiesProceeds from deferred giving program contracts 3,546,036 6,215,983Payments of deferred giving program contracts (5,545,225) (6,555,741)Net cash used in financing activities (1,999,189) (339,758)Increase (Decrease) in cash and cash equivalents 6,179,577 (2,563,817)Cash and cash equivalents at beginning of year 16,269,196 18,833,013Cash and cash equivalents at end of year $ 22,448,773 $ 16,269,196The accompanying notes to the consolidated financial statements are an integral part of these statements.2012 MINISTRY 2012 REPORT MINISTRY REPORT35
Page 6 and 7: “I pray that thesharing of yourfa
Page 8 and 9: Will’s team then traveled 300 mil
Page 10 and 11: YOUTH MINISTRIESHelping build Chris
Page 12 and 13: Rock the Lakes evangelistic outreac
Page 14 and 15: MY HOPEproclaiming the hope of Jesu
Page 16 and 17: RAPID RESPONSE TEAMShowing the love
Page 18 and 19: THE BILLY GRAHAM LIBRARYState of th
Page 20 and 21: THE BILLY GRAHAM TRAINING CENTER AT
Page 22 and 23: INTERNET & MEDIAMoving to reach eve
Page 24 and 25: eader wrote, “The Holy Spirit led
Page 26 and 27: Ransom also produced 15 newdisciple
Page 28 and 29: Guidance team personally answered m
Page 30 and 31: BOARD OF DIRECTORS2012Board Members
Page 32 and 33: Report of Independent AuditorThe Bo
Page 36 and 37: notes to Consolidated Financial Sta
Page 52 and 53: What We BelieveThe Billy Graham Eva
Page 54: Always Good News.1 Billy Graham Par

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