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Cornerstone Televison Network, Inc.

Rating
Sector:

Radio/ TV Stations

Total
Revenue:

$6,893,035

Total
Expenses:

$6,347,600

Net
Assets:

$6,138,003
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 83.7% 64.3%
General & Admin 12.6% 15.8%
Fundraising 6.8% 13%
Savings -4.3% 7.9%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

Cornerstone TeleVision Network, Inc. ("CTVN") broadcasts 24 hours a day, airing more than 100 different programs weekly. Their award-winning viewer supported network includes two full-powered and three low-powered television stations as well as over 80 affiliated stations across the United States.

In addition, Cornerstone has a nationwide satellite outreach through C-Band Satellite dishes and SkyAngel, a Christian-owned and operated direct-to-home satellite service. In addition to its broadcast outreach, Cornerstone launched "Hope Connection," a global ministry partnership program whereby Cornerstone links arms and resources with more than 100 ministries throughout the U.S. and around the world. This includes prison outreach, food for starving children and families, clothing and shelter for orphans and much more. Also, Prayer Partners are available around the clock to provide one-on-one ministry for those in need.

Cornerstone TeleVision Network is a nonprofit organization. Contributions to this ministry are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

Contact Information: [ Back to top ]

Mailing Address:1 Signal Hill Drive
Wall, PA
15148-1499
Website: www.ctvn.org
Phone:(412) 824-3930
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 237112560
CEO/President: Mr. Charles R. Hembree Tax Deductible: Yes
Chairman: Mr. Charles R. Hembree Fiscal Year End: December 31
Board Size: 7 Financial info from: 990
Founder: Rev. Russell Bixler Member of ECFA: Yes
Year Founded: 1971 Member of ECFA since: 1993

Purpose [ Back to top ]

Cornerstone TeleVision Network, Inc. broadcasts 24 hours a day, airing more than 100 different programs weekly. Their award-winning viewer supported network includes two full-powered and three low-powered television stations as well as over 80 affiliated stations across the United States. In addition, Cornerstone has a nationwide satellite outreach through C-Band Satellite dishes and SkyAngel, a Christian-owned and operated direct-to-home satellite service.

Nine original programs are produced out of the network's headquarters in Pittsburgh. Several of Cornerstone's original programs have garnered national recognition with awards such as the Angel Award, Telly Award and the New York Festivals Award.

In addition to its broadcast outreach, Cornerstone launched "Hope Connection," a global ministry partnership program whereby Cornerstone links arms and resources with more than 100 ministries throughout the U.S. and around the world. This includes prison outreach, food for starving children and families, clothing and shelter for orphans and much more. Also, Prayer Partners are available around the clock to provide one-on-one ministry for those in need.

Cornerstone TeleVision Network is a nonprofit organization that currently operates under the leadership of Ron Hembree, President. Contributions to this ministry are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

In Mark 16:15, Jesus said, "Go ye into the world and preach the gospel..." That mandate is at the heart of Cornerstone's mission to entertain, evangelize and edify viewing audiences across the country and around the world.

Mission Statement [ Back to top ]

CTVN uses the following to communicate its mission:

Cornerstone Television Network (CTVN) is a viewer-supported ministry absolutely committed to using television as a force for good. To impact our culture and reverse society's moral downslide by broadcasting the Gospel and bringing a fresh, positive, Christ-centered outlook. The Word of God is the most powerful and lasting "agent" of change. And television is the most powerful tool to spread that message.

At the heart of the organization's mission are "The Three E's": Entertainment. Evangelism. Edification.

Program Accomplishments [ Back to top ]

CTVN's accomplishments and programs include some of the following:

Getting Together: This is Cornerstone Television Network's flagship program, hosted by founders Russ and Norma Bixler and special guest hosts. Getting Together spotlights well-known Christian leaders like Hal Lindsey whose ministries are making a national and international impact. Getting Together is the winner of the 1998 Award of Merit from the Angel Awards, the Communicator Award of Excellence, and the 1999 Telly Bronze Finalist. Since 1979, when the program premiered, Getting Together's prayer partners have received about 1.5 million prayer requests, and have ministered salvation, hope, and healing through the Gospel of Jesus Christ.

His Place: A talk show "where America comes for food for thought," is attracting diverse, audiences who are drawn to an entertaining mix of lively discussions about contemporary topics. Plus humorous and engaging drama. And life-changing conversation. His Place was named Best Program Series by the Pennsylvania Association of Broadcasters and was a finalist for the 1998 Telly Awards.

Sportsweek: Former Cleveland Indians Pitcher Tom McGough and "The Team" of former Pros give expert analysis and projections of what will be the week's top sports stories. Sports covered include the NFL, MLB, NBA, NCAA Football & Basketball, NHL, NASCAR, PGA, Sr. PGA, and the Summer & Winter Olympics.

Statement of Faith [ Back to top ]

Cornerstone Television expresses its statement of faith as follows:

Statement of Biblical Unity
Because Biblical unity and harmony among Christians will bring glory to God and help advance the Gospel, Cornerstone Television Network seeks to promote unity and harmony among the various Christian communities using as its basis for coming together in agreement the belief that the scriptures - both the Old and New Testaments - are verbally inspired of God in the original writing and are God's special revelation of Himself and His creation.
(Ephesians 4:1-16)

Essentials To Biblical Unity

I. The Bible

The 66 books of the Bible are God's inspired, infallible, and inerrant word for all men everywhere for all time.
(II Tim. 3:15-17; Matt. 5:18; II Peter 1:20,21)

II. God

A. There is one God eternally existent in 3 distinct persons; the Father, the Son, Jesus Christ; and the Holy Spirit.
(I Jn. 5:7; Matt. 28:19; Lk. 3:21,22.)

B. The Lord Jesus Christ is the eternal Son of God:

Born of a virgin (Is. 7:14; Matt. 1;21-23; Lk. 1:31 & 35)
Lived a sinless life (I Peter 2:21 & 22; Heb. 4:15; I Jn 3:5)
Died on the Cross to save sinners (Is. 53:5 & 6; I Cor. 15:3 & 4; II Cor. 5:21)
Rose bodily from the dead (Lk. 24:39; I Cor. 15:3-8; Acts 2:22-23)
Ascended to the right hand of the Father (Lk. 24:50- 52; Acts 1:9; Heb. 1:3)
Will come again as King of Kings and Lord of Lords (Acts 1:9-11; Rev. 19:11-16; Matt. 24:27-30 & 36)

III. Man

God created man in His own image, and man by his own will chose to believe the lie of Satan to disobey God. As a result of sin, mankind was separated from God by spiritual and physical death. (Gen. 1:26 & 27; 2:17; 3:1-7; Rom. 5:12-19) Man's only hope of reconciliation with God is through the shed blood of Jesus Christ. (I Tim. 2:5; John 14:6)

A. Salvation: (Acts 4:12)

Repent of sin - the works of the world, the flesh and the devil. (Eph. 2:1-3; Lk. 13:2-5; II Peter 3:9; Acts 2:38; 17:29 & 30; Lev. 16:21) Faith through grace ... not of works. (Eph. 2:8 & 9; Lk. 7:47-50; Rom. 4:3-5, 20-5:1; 9:30-32)
Receive Jesus Christ as Lord and Savior - becoming a member of the body of Christ, which transcends denominational barriers. (John 1:12; Rev. 3:20; Acts 15:14-17; Rom. 11:7-25)
Confess Christ. (Rom. 10:8-10; I Jn. 4:15; Matt. 10: 32 & 33)
Judgment: (Jn. 5:22, 27-29; 12:48)


All will be judged according to what they did with Jesus Christ as well as to their works done while here on earth. (Jn. 3:36; I Jn. 5:11 & 12; II Cor. 5:10; Rev. 20: 11 & 12)
The believer will rule and reign with Jesus forever. (I Cor. 3:10-15; Rev. 3:21)
The unbeliever will be condemned to a conscious existence in eternal damnation with Satan. (Matt. 25:41; Rev. 20:10-15)

History [ Back to top ]

Cornerstone Television Network is a Pennsylvania nonprofit corporation, which was organized under Pennsylvania law on January 6, 1971. In prior years (1971-84), CTVN was known as the Western Pennsylvania Christian Broadcasting Company. During 1985 the corporation processed a change of name request with both state and federal agencies renaming the company Cornerstone Television Network, Inc.

It began nearly 30 years ago as Norma Bixler during a visit to the Christian Broadcasting Network. In the lobby of that still-fledgling network, she heard a clear call that God wanted her and her husband, Russ, to build a Christian television station back home in Pittsburgh. Their prospective station faced many hurdles - financial, legal, personal, logistical... However, one by one, over the next ten years, with God's grace they overcame each obstacle to realize their calling. Along the way, they were guided and helped through the inspiring leadership of men like Pat Robertson, Loren Cunningham, and Jim Bakker...
...through the remarkable talents of dedicated professionals like Bill Freeman, Oleen Eagle, Stan Scott, and Eleanor Clarke...
...and through the faithful gifts and generous support of countless caring Christians who volunteered their time, their talents, their prayers, and even their life savings to make the vision of Christian television a reality.

Again and again, the words of Isaiah 49:22 echoed in the Bixler's hearts:
"Thus says the Lord God:
'Behold, I will lift up My hand to the nations, and raise My Signal to the peoples.'"
This signal was first broadcast on Easter Sunday, April 15, 1979 — and in the two decades since Cornerstone television has been used to bring His Word to people all over America and beyond through preaching, music, drama, and a variety of other programs.

Ministry Needs [ Back to top ]

Cornerstone TeleVision Network, Inc. expresses the most specific need is:

Prayer Partners. For more information one can contact Cornerstone TeleVision or go to their website

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : B
Criteria categoryGradeOther Comments
Timeliness:80
Financial Information:100
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 RatingStarStar301 of 348    11 of 11
Fund Acquisition DecisionStarStar301 of 348      11 of 11
Resource Allocation Decision of 348      4 of 11
Asset Utilization Decision of 348      4 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 Average20102009200820072006
Return on FR Efforts10%17%16%16%16%17%
Fundraising Cost Ratio7%13%12%12%12%14%
Contributions Reliance83%79%76%75%74%82%
Fundraising Expense Ratio7%14%12%11%12%12%
Other Revenue Reliance17%21%24%25%26%18%
Operating RatiosDatabase Average20102009200820072006
Program Expense Ratio80%70%69%71%72%67%
Spending Ratio104%92%104%107%101%110%
Program Output Ratio84%64%72%76%73%74%
Savings Ratio-4%8%-4%-7%-1%-10%
Reserve Accumulation Rate4%9%-4%-8%-1%-9%
General & Admin Ratio13%16%19%18%17%21%
Investing RatiosDatabase Average20102009200820072006
Total Asset Turnover2.85x.85x.86x.9x.78x.73x
Degree of L-T Investment3.06x6.83x10.06x10.59x7.99x8.35x
Current Asset Turnover5.43x5.78x8.65x9.52x6.22x6.06x
Age of Assets10.5yr(s)25.6yr(s)232.7yr(s)21.6yr(s)17.2yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20102009200820072006
Current Ratio3276.63x3.3x1.99x1.82x3.11x2.04x
Current Liabilities Ratio.38x.3x.5x.55x.32x.49x
Liquid Reserve Level4.95x1.45x.69x.57x1.32x1.02x
Solvency RatiosDatabase Average20102009200820072006
Liabilities Ratio.3x.18x.22x.23x.23x.25x
Debt Ratio.07x.14x.16x.17x.19x.19x
Reserve Coverage Ratio81%97%90%86%99%103%

Financials[ Back to top ]

Balance Sheet
Assets20102009200820072006
Cash$673,597$287,879$405,400$631,210$672,793
Receivables, Inventories & Prepaids$424,493$431,901$309,647$395,628$354,038
Short-Term Investments$0$0$0$0$0
Total Current Assets$1,098,090$719,780$715,047$1,026,838$1,026,831
Long-Term Investments$10,443$11,411$0$16,918$7,543,771
Fixed Assets$6,393,158$6,511,540$6,841,636$7,156,001$0
Other Long-Term Assets$0$0$16,919$0$0
Total Long-Term Assets$6,403,601$6,522,951$6,858,555$7,172,919$7,543,771
TOTAL ASSETS$7,501,691$7,242,731$7,573,602$8,199,757$8,570,602
Liabilities20102009200820072006
Payables & Accrued Expenses$211,102$254,366$272,962$188,030$384,392
Other Current Liabilities$122,026$107,091$120,891$142,401$118,416
Total Current Liabilities$333,128$361,457$393,853$330,431$502,808
Debt$1,016,913$1,174,564$1,320,252$1,535,805$1,666,793
Other Long-Term Liabilities$13,647$84,615$15,065$15,065$15,065
Total Long-Term Liabilities$1,030,560$1,259,179$1,335,317$1,550,870$1,681,858
TOTAL LIABILITIES$1,363,688$1,620,636$1,729,170$1,881,301$2,184,666
Assets20102009200820072006
Unrestricted$5,621,643$5,423,904$5,709,453$6,083,800$6,037,450
Temporarily Restricted$516,360$198,191$134,979$234,656$348,486
Permanently Restricted$0$0$0$0$0
NET ASSETS$6,138,003$5,622,095$5,844,432$6,318,456$6,385,936
Revenue and Expenses
Revenue20102009200820072006
Total Contributions$5,442,059$4,580,729$4,775,792$4,700,816$4,614,602
Program Service Revenue$1,372,232$1,351,687$1,487,925$1,536,521$1,435,450
Membership Dues$0$0$0$0$0
Investment Income$721$978$5,837$13,993($602,385)
Other Revenue$78,023$69,223$83,702$68,177$187,156
Total Other Revenue$1,450,976$1,421,888$1,577,464$1,618,691$1,020,221
TOTAL REVENUE$6,893,035$6,002,617$6,353,256$6,319,507$5,634,823
Expenses20102009200820072006
Program Services$4,438,155$4,321,633$4,848,107$4,581,756$4,151,844
Management & General$1,008,526$1,179,314$1,202,152$1,060,079$1,300,171
Fundraising$900,919$724,008$756,357$745,152$768,180
TOTAL EXPENSES$6,347,600$6,224,955$6,806,616$6,386,987$6,220,195
Change in Net Assets20102009200820072006
SURPLUS (DEFICIT)$545,435($222,338)($453,360)($67,480)($585,372)
Other Changes in Net Assets$0$0$0$0$8,385
TOTAL CHANGE IN NET ASSETS$545,435($222,338)($453,360)($67,480)($576,987)