Cornerstone Televison Network, Inc.

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 2/18/2021. To update the information in this column, please email: info@ministrywatch.com


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: Steve Johnson

Chairman: Rev Gary Mitrik

Board size: 5

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)

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Radio/ TV Stations

CategoryRatingOverall rankSector rank
Overall efficiency rating885 of 91329 of 30
Fund acquisition rating884 of 91530 of 30
Resource allocation rating890 of 91529 of 30
Asset utilization rating590 of 91315 of 30

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%29%40%38%37%34%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%16%19%19%22%21%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%55%47%50%59%64%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%15%16%15%15%19%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%45%53%50%41%36%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%61%66%62%63%59%
Spending ratio Spending ratio =
Total expenses /
Total revenue
92%107%120%127%144%111%
Program output ratio Program output ratio =
Program services /
Total revenue
73%65%79%78%91%65%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
8%-7%-20%-27%-44%-11%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%-3%-9%-11%-15%-15%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%24%19%23%22%22%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.500.500.490.490.471.05
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.032.282.391.751.465.72
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.441.141.160.850.695.98
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.7313.646.1317.0125.581.08
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.070.160.060.040.93
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.909.778.6313.2316.720.15
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
4%3%7%3%3%28%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%12%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
163%194%191%197%206%68%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$465,987$490,734$1,332,087$3,239,487$301,968
Receivables, inventories, prepaids$405,766$450,338$354,278$451,989$641,004
Short-term investments$3,819,753$3,569,333$4,896,883$5,004,298$12,518
Other current assets$0$0$0$0$0
Total current assets$4,691,506$4,510,405$6,583,248$8,695,774$955,490
Long-term investments$1,500,000$1,500,000$0$0$0
Fixed assets$4,528,042$4,711,714$3,698,390$4,010,999$4,508,424
Other long-term assets$0$59,771$1,215,298$0$0
Total long-term assets$6,028,042$6,271,485$4,913,688$4,010,999$4,508,424
Total assets$10,719,548$10,781,890$11,496,936$12,706,773$5,463,914
 
Liabilities20202019201820172016
Payables and accrued expenses$324,455$717,604$352,818$300,369$758,352
Other current liabilities$19,622$18,612$34,100$39,510$126,001
Total current liabilities$344,077$736,216$386,918$339,879$884,353
Debt$0$0$0$0$653,007
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$12,232$12,439$12,646$12,853$13,164
Total long-term liabilities$12,232$12,439$12,646$12,853$666,171
Total liabilities$356,309$748,655$399,564$352,732$1,550,524
 
Net assets20202019201820172016
Without donor restrictions$10,261,802$9,835,024$11,042,799$12,295,066$3,855,230
With donor restrictions$101,437$198,211$54,573$58,975$58,160
Net assets$10,363,239$10,033,235$11,097,372$12,354,041$3,913,390
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$2,763,466$2,039,989$2,221,600$2,432,926$3,268,310
Program service revenue$1,833,311$1,715,080$1,430,744$1,680,833$1,848,296
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$415,487$623,392$786,778$38,672$23,010
Total other revenue$2,248,798$2,338,472$2,217,522$1,719,505$1,871,306
Total revenue$5,012,264$4,378,461$4,439,122$4,152,431$5,139,616
 
Expenses20202019201820172016
Program services$3,251,850$3,437,618$3,462,801$3,777,975$3,365,568
Management and general$1,287,358$984,100$1,312,218$1,307,501$1,249,956
Fundraising$801,419$823,438$846,297$911,385$1,099,382
Total expenses$5,340,627$5,245,156$5,621,316$5,996,861$5,714,906
 
Change in net assets20202019201820172016
Surplus (deficit)($328,363)($866,695)($1,182,194)($1,844,430)($575,290)
Other changes in net assets$658,367($197,442)($74,475)$10,285,081($626,573)
Total change in net assets$330,004($1,064,137)($1,256,669)$8,440,651($1,201,863)

Compensation

NameTitleCompensation
Steve JohnsonCEO$95,744
Paul BixlerDirector$72,836
Rev Gary MitrikChairman$26,900
Donald BlackPresident/Ceo (to 1/6/19)$16,009
Mr Craig SherwoodDirector$4,875
Mr Richard ScholtonTreasurer$900
Ms Michelle AgatstonVice Chariman$900
Mr Leon Haynes IIIDirector$750

Compensation data as of: 12/31/2019


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 2/18/2021. To update the information below, please email: info@ministrywatch.com


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.