[iamkeri1]

Originally Posted by Rufusboi

Does anyone even pay attention to Robertson any more. He's stuck his foot in his mouth so many times that I think everyone just rolls their eyes and moves on.

Rufus

If you think this man is without influence you are seriously kidding yourself. I wasn't able to quickly find the size of their audience in the last year or so, but it is large. There are 20,000 members of the 700 club alone, They have all pledged to send $20.00 per month to support the broadcasting of the 700 club. This membership alone provides an income of almost 5 million to the show. The 700Club gets over 4 Million prayer requests per year. more information is provided lower on the page.

Listed below is income from their income state ment for the year 2007, showing inccome of $467,700,652 for that one year alone. This information is from the Better Business Bureau Website This income/expense information is for just ONE year - 2007.

The following information is based on CBN's audited combined (with subsidiaries and affiliated organizations) financial statements for the fiscal year ended March 31, 2007:

Source of Funds
Ministry support 248,178,057
Gifts-in-kind 212,290,090
Other revenue 5,712,944
Investment income, net 1,519,561
Total Income $467,700,652

Uses of Funds as a % of Total Expenses

Programs: 90% Fund Raising: 6% Administrative: 4%

Total income $467,700,652
Program expenses $424,007,364
Fund raising expenses 30,413,115
Administrative expenses 18,015,861

Total expenses $472,436,340
Expenses in Excess of Income (4,735,688)
Beginning net assets 219,502,393
Other Changes in Net Assets 114,224
Ending net assets 214,880,929
Total liabilities 42,975,645
Total assets $257,856,574

This money is in trust - a holding of money for Pat Robertson and his wife. Not bad for a simple follower of Christ, is it? This is not his annual income. This is a trust. Income is separate.

CBN's auditors have indicated that for the fiscal year ended March 31, 2007, they were unable to apply audit procedures to the stated fair value of the interest in charitable trust of $67,297,000. The charitable trust being referred to was established by CBN's founder, Pat Robertson. According to Note 6 of CBN's audited financial statements for the year ended March 31, 2007, the assets of the trust are not controlled by CBN and will be distributed to the organization in 2010, or upon the the death of the founder and his wife, whichever is later. The value for the contribution receivable from the trust recorded by CBN is based on information originally provided by the trustee and was discounted at the date of the gift to reflect the present value of the estimated future distribution receivable from the trust. The trustee has reported no changes in the value of the trust. Changes in market values or various assumptions could result in material increases or decreases in the present value of the receivable from the trust.


On the Christian Broadcasting Network website I found this information:
Hosted by Pat Robertson, Terry Meeuwsen, and Gordon Robertson with news anchor Lee Webb, The 700 Club is a mix of news and commentary, interviews, feature stories, and Christian ministry.

Seen in 95 percent of the television markets across the United States, the program is carried on ABC Family Channel cable network, FamilyNet, Trinity Broadcasting Network, and numerous U.S. television stations and is seen daily by approximately one million viewers.
WorldReach broadcasts, which include the international editions of The 700 Club, have been viewed in more than 70 foreign languages, can be seen in more than 200 countries, and are accessible throughout the year by more than 1.5 billion people around the world.

This man/company is worth some serious dough, wields enormous influence and has held several of our recent presidents by the balls. Obama seems to be similarly hamstrung gy the Christian right. To underestimate him (Robertson) is a mistake.
Smoooches,
Keri