Cornerstone Televison Network, Inc.

Summary

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

Twelve original programs are produced by the network, including the flagship program, Real Life.

Cornerstone also has a sub-channel, Pittsburgh Faith & Family Channel, on which it broadcasts worship services of over 50 different churches in the greater Pittsburgh area. This partnership spans across churches of many denominations in hopes of bringing unity among believers and helping the local church grow.

In addition to its broadcast outreach, Cornerstone launched "Cornerstone Cares," a global ministry partnership program whereby Cornerstone links arms and resources with ministries throughout the U.S. and around the world. This includes 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. More than 2 million viewers have called the Cornerstone prayer line requesting someone to pray with them.

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) and is recognized by Guidestar as a Gold Member.


Contact information

Mailing address:
1 Signal Hill Drive
Wall, PA 15148-1499

Website: www.ctvn.org

Phone: (412) 824-3930

Email: info@ctvn.org


Organization details

EIN: 237112560

CEO/President: Mr. Donald O. Black

Chairman: Mr. Craig Sherwood

Board size: 7

Founder: Rev. Russell Bixler

Year founded: 1971

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1993


Purpose

CTVN Program Mission: Creating and presenting video programs that:

  • Inspire and inform
  • Engage, equip and entertain
  • Honor integrity and witness truth
  • Express a Biblical worldview
  • Demonstrate the power of the Holy Spirit
  • Reflect technical and creative excellence

Mission statement

CTVN uses the following to communicate its mission:

To share the Good News of Jesus with as many people as possible, as quickly as possible, as effectively as possible - in the power of the Holy Spirit and to the glory of God.


Statement of faith

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)

Financial efficiency ratings

Sector: Radio/ TV Stations

CategoryRatingOverall rankSector rank
Overall efficiency rating421 of 43015 of 16
Fund acquisition rating421 of 43016 of 16
Resource allocation rating421 of 43016 of 16
Asset utilization rating321 of 4307 of 16

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%37%34%34%30%22%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%22%21%22%21%16%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%59%64%64%68%73%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%15%19%23%18%15%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%41%36%36%32%27%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%63%59%59%59%63%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%144%111%96%116%109%
Program output ratio Program output ratio =
Program services /
Total revenue
81%91%65%56%68%68%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-44%-11%4%-16%-9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-15%-15%4%-20%-9%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%22%22%19%24%23%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.320.471.050.861.060.95
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.531.465.726.1211.047.10
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.530.695.985.2811.726.73
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.1025.581.081.450.491.16
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.040.930.692.050.86
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.0616.720.150.71-1.070.25
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%3%28%22%25%20%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%12%11%6%7%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
64%206%68%90%71%85%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$3,239,487$301,968$652,931$173,413$614,990
Receivables, inventories, prepaids$451,989$641,004$413,962$402,611$399,173
Short-term investments$5,004,298$12,518$11,497$12,105$11,999
Other current assets$0$0$0$0$0
Total current assets$8,695,774$955,490$1,078,390$588,129$1,026,162
Long-term investments$0$0$0$0$0
Fixed assets$4,010,999$4,508,424$5,520,628$5,901,939$6,255,246
Other long-term assets$0$0$0$0$0
Total long-term assets$4,010,999$4,508,424$5,520,628$5,901,939$6,255,246
Total assets$12,706,773$5,463,914$6,599,018$6,490,068$7,281,408
 
Liabilities20172016201520142013
Payables and accrued expenses$300,369$758,352$607,660$774,806$589,713
Other current liabilities$39,510$126,001$135,386$428,190$293,974
Total current liabilities$339,879$884,353$743,046$1,202,996$883,687
Debt$0$653,007$727,452$387,163$526,135
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$12,853$13,164$13,267$13,543$14,030
Total long-term liabilities$12,853$666,171$740,719$400,706$540,165
Total liabilities$352,732$1,550,524$1,483,765$1,603,702$1,423,852
 
Net assets20172016201520142013
Unrestricted$12,295,066$3,855,230$5,052,786$4,830,109$5,489,872
Temporarily restricted$58,975$58,160$62,467$56,257$367,684
Permanently restricted$0$0$0$0$0
Net assets$12,354,041$3,913,390$5,115,253$4,886,366$5,857,556
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$2,432,926$3,268,310$3,820,436$4,022,435$4,669,445
Program service revenue$1,680,833$1,848,296$2,001,749$1,849,840$1,550,054
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$38,672$23,010$104,284$50,541$134,333
Total other revenue$1,719,505$1,871,306$2,106,033$1,900,381$1,684,387
Total revenue$4,152,431$5,139,616$5,926,469$5,922,816$6,353,832
 
Expenses20172016201520142013
Program services$3,777,975$3,365,568$3,344,927$4,036,982$4,321,797
Management and general$1,307,501$1,249,956$1,056,506$1,642,651$1,570,513
Fundraising$911,385$1,099,382$1,296,149$1,214,373$1,015,349
Total expenses$5,996,861$5,714,906$5,697,582$6,894,006$6,907,659
 
Change in net assets20172016201520142013
Surplus (deficit)($1,844,430)($575,290)$228,887($971,190)($553,827)
Other changes in net assets$10,285,081($626,573)$0$0$0
Total change in net assets$8,440,651($1,201,863)$228,887($971,190)($553,827)

Response from ministry

No response has been provided by this ministry.


History

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 three 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.


Program accomplishments

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

  • Cornerstone Television contributes over $500,000 annually to various ministries worldwide. Special emphasis is given to rescuing and caring for children worldwide.
  • Over the last 30 years, more than 26,000 viewers have called to say they came to Christ as a direct result of our daily programs.
  • More than 2 million viewers have called the Cornerstone Prayer Line requesting someone to pray with them.
  • Current original programming includes Real Life, Sister 2 Sister, and the Living Room Concert Series, among others.
  • Multiple awards for excellence in Media Broadcasting.

Needs

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 www.ctvn.org.