The Christian Network, Inc./ CNI/ WORSHIP Network/ PRAISE TV Network

Summary

The Christian Network, Inc., ("CNI") is a church engaged in television broadcasting. CNI is the parent company of both the WORSHIP Network, started in September 1992, and the PRAISE TV Network, which began in December 1996. CNI programs marry the Gospel of Jesus Christ to the latest technologies. CNI was founded in 1992 by Lowell W. Paxson.


Contact information

Mailing address:
28059 US Highway 19, North
Suite 300
Clearwater, FL 33761-3761

Website: www.worship.net

Phone: (727) 536-0036

Email: askworship@worship.net


Organization details

EIN: 593086047

CEO/President: Mr. Dustin Rubeck

Chairman:

Board size:

Founder: Mr. Lowell W. Paxson

Year founded: 1992

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1995


Purpose

The Christian Network, Inc., ("CNI") is a church engaged in television broadcasting. CNI is the parent company of both the WORSHIP Network, started in September 1992, and the PRAISE TV Network, which began in December 1996. CNI programs marry the Gospel of Jesus Christ to the latest technologies. CNI was founded in 1992 by Lowell W. Paxson.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Mission statement

The Christian Network, Inc statement of core values is as follows:

To glorify God: The Father, Son and Holy Spirit through ministry to the people or His world. We believe God created us to worship Him. To that end, WORSHIP was developed to help intensify every persons relationship with God and His church through the experience of personal worship.

Motivated by core values and a commitment to personal integrity and responsibility rather than governed by rules and managed by regulations, CNI has identified the following precepts upon which decisions will be based.

Truth, Relationships, Significance, Maturity, Creativity, Excellence


Statement of faith

CNI uses the following to communicate its values:

The Church is founded on the belief that there is one God, eternally existent in three persons: Father, Son, and Holy Spirit. The Church is dedicated to the belief in the deity and lordship of Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His atoning death, in His resurrection, in His resurrection, in His ascension to the right hand of the Father and in His personal return in power and glory. The Church is dedicated to the belief that the Bible is the inspired, only infallible, and authoritative word of God. The Church is dedicated to the belief in the spiritual unity of believers in Christ and that for the salvation of the lost and sinful belief in Jesus Christ and regeneration by the holy Spirit is absolutely essential. The Church is committed to the propagation of its program service via radio and television for the religious inspiration, guidance and education of the peoples of the world, to the enrichment of life and for the salvation of individuals unto resurrection of life everlasting with God.

Financial efficiency ratings

Sector: Radio/ TV Stations

This ministry has not been rated.


Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20042003200220012000
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%60%44%54%19%73%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%10%11%11%5%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%16%25%21%28%9%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%7%10%9%3%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%84%75%79%72%91%
 
Operating ratiosMedian % for
all ministries in
MW database
20042003200220012000
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%82%74%73%55%45%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%133%110%119%160%76%
Program output ratio Program output ratio =
Program services /
Total revenue
81%109%82%88%88%34%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-33%-10%-19%-60%24%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-83%-19%-27%-29%17%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%11%16%17%41%46%
 
Investing ratiosMedian measure
for all ministries
in MW database
20042003200220012000
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.323.181.401.190.580.43
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.531.232.382.051.861.68
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.533.923.342.451.080.71
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20042003200220012000
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.0921.7814.5918.8715.0221.26
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.050.070.050.070.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.072.923.354.6510.3716.00
 
Solvency ratiosMedian % for
all ministries in
MW database
20042003200220012000
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%4%29%29%24%20%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%27%24%20%17%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%30%50%60%131%187%

Financials

Balance sheet
 
Assets20042003200220012000
Cash$941,389$473,842$595,721$3,128,179$4,235,492
Receivables, inventories, prepaids$466,011$380,275$431,309$241,186$318,039
Short-term investments$0$1,003,647$1,506,066$0$0
Other current assets$77,272$58,038$73,654$59,974$117,474
Total current assets$1,484,672$1,915,802$2,606,750$3,429,339$4,671,005
Long-term investments$0$0$0$18,932$182,859
Fixed assets$344,214$2,640,427$2,746,807$2,877,764$2,903,114
Other long-term assets$0$0$0$44,907$72,293
Total long-term assets$344,214$2,640,427$2,746,807$2,941,603$3,158,266
Total assets$1,828,886$4,556,229$5,353,557$6,370,942$7,829,271
 
Liabilities20042003200220012000
Payables and accrued expenses$68,153$131,283$138,157$149,998$146,075
Other current liabilities$0$0$0$78,274$73,653
Total current liabilities$68,153$131,283$138,157$228,272$219,728
Debt$0$1,211,183$1,291,948$1,289,984$1,365,928
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$108,302$0$6,436
Total long-term liabilities$0$1,211,183$1,400,250$1,289,984$1,372,364
Total liabilities$68,153$1,342,466$1,538,407$1,518,256$1,592,092
 
Net assets20042003200220012000
Unrestricted$1,760,733$3,213,763$3,815,150$4,852,686$6,237,179
Temporarily restricted$0$0$0$0$0
Permanently restricted$0$0$0$0$0
Net assets$1,760,733$3,213,763$3,815,150$4,852,686$6,237,179
 
Revenues and expenses
 
Revenue20042003200220012000
Total contributions$696,977$1,456,377$1,097,040$649,903$408,406
Program service revenue$3,420,093$0$0$865,355$1,032,735
Membership dues$0$0$0$0$0
Investment income$47,812$91,059$158,396$367,817$2,597,408
Other revenue$206,002$4,247,142$4,081,138$436,537$355,261
Total other revenue$3,673,907$4,338,201$4,239,534$1,669,709$3,985,404
Total revenue$4,370,884$5,794,578$5,336,574$2,319,612$4,393,810
 
Expenses20042003200220012000
Program services$4,776,121$4,723,644$4,674,848$2,049,335$1,492,539
Management and general$632,452$1,035,784$1,109,460$1,531,314$1,545,674
Fundraising$415,341$636,537$589,802$123,456$299,826
Total expenses$5,823,914$6,395,965$6,374,110$3,704,105$3,338,039
 
Change in net assets20042003200220012000
Surplus (deficit)($1,453,030)($601,387)($1,037,536)($1,384,493)$1,055,771
Other changes in net assets$0$0$0$0$0
Total change in net assets($1,453,030)($601,387)($1,037,536)($1,384,493)$1,055,771

Response from ministry

No response has been provided by this ministry.


History

The Christian Network, Inc. began with a God-given vision to produce a non-stop Christian worship service created especially for television. Nothing like the beautiful WORSHIP music videos had been done before, and the subject of worship itself, had been long overlooked. When WORSHIP debuted, September 28, 1992, viewers were introduced to something unique - music, Bible study, interactive fellowship and prayer - in a format that emphasized God directed ministry rather than personality driven television. The WORSHIP Network is truly unique and uplifting television programming. The peaceful and encouraging programming is available exclusively through the WORSHIP Network 24 hours per day.

Worship was founded by Lowell "Bud" Paxson, who went on to form Paxson Communications Corporation. PAX Net's station group reaches more households than any other broadcaster in the United States. PAX Net was created as an alternative to the major networks and will provide clean, wholesome and family-friendly fare. The WORSHIP Network provides 35 hours of weekly programming to PAX Net, in addition to Worships 24-hour feed to other affiliates around the country.


Program accomplishments


Needs