Eternal Word Television Network, Inc.

Summary

Eternal Word Television Network (EWTN) was launched on August 15, 1981 by Mother Angelica, a Franciscan Nun..
EWTN airs family and religious programming from a Catholic point of view. Providing more that 80% original programming, EWTN offers inspiring talk shows, entertaining children's animation, exclusive teaching series, live coverage of Church events, and thought-provoking documentaries.
Program Categories:
Live call-in talk shows, News/Current events, Children's Programming, Music & Drama, Teaching Series, Daily Devotions and Church Events, Documentaries, Spanish Programming

This organization is non-profit. Contributions to this organization are fully tax deductible to the extent allowed by law


Contact information

Mailing address:
5817 Old Leeds Rd.
Irondale, AL 35210-2198

Website: www.ewtn.com

Phone: (205) 271-2900

Email:


Organization details

EIN: 630801391

CEO/President: Mr. Michael Warsaw

Chairman: Mr. R. William Steltemeier

Board size: 21

Founder: Mother Angelica

Year founded: 1981

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

    Eternal Word Television Network (EWTN), the world's largest religious cable network, airs family and religious programming from a Catholic point of view. Providing more than 80% original programming, EWTN offers inspiring talk shows, entertaining children's animation, exclusive teaching series, live coverage of Church events, and though-provoking documentaries. EWTN's programming is designed to enrich the viewer's time, not just consume it.
    Programming includes:
  • The Journey Home: Each week, a special guest with a story of a return to the Faith is interviewed by host Marcus Grodi and viewers; LIVE Monday at 8pm ET; reairs during the week.
  • Mother Angelica Live: Features interviews with special guests and viewer phone calls; LIVE Tuesday (Family Night) & Wednesday (Guest Night) at 8pm ET; reairs during the week.
  • Life on the Rock: Designed for teens, with viewer phone calls and email; LIVE Thursday at 8pm ET; reairs during the week.
  • The World Over: Weekly news magazine with news summary, interviews, investigative reports and features from around the world; LIVE Friday at 8pm; reairs during the week.
  • Daily Mass: LIVE daily at 8am ET; reairs at Noon & 7pm
  • Holy Rosary: Three times per day.
  • Children's Programming Block: Weekday afternoons, Saturday morning.


This organization is non-profit. Contributions to this organization are fully tax deductible to the extent allowed by law.

Mission statement

Eternal Word Television Network uses the following to express its mission:

To spread the Good News of Jesus Christ world wide not just through television but also through short wave radio, AM/FM radio, and the Internet.


Statement of faith

EWTN uses the following to express its Statement of Faith: Now the catholic faith is that we worship One God in Trinity and Trinity in Unity, neither confounding the Persons nor dividing the substance. For there is one Person of the Father, another of the Son, another of the Holy Spirit. But the Godhead of the Father, of the Son, and of the Holy Spirit, is One, the Glory equal, the Majesty coeternal.

Such as the Father is, such is the Son, and such is the Holy Spirit; the Father uncreated, the Son uncreated, and the Holy Spirit uncreated; the Father infinite, the Son infinite, and the Holy Spirit infinite; the Father eternal, the Son eternal, and the Holy Spirit eternal. And yet not three eternals but one eternal, as also not three infinites, nor three uncreated, but one uncreated, and one infinite. So, likewise, the Father is almighty, the Son almighty, and the Holy Spirit almighty; and yet not three almighties but one almighty.

So the Father is God, the Son God, and the Holy Spirit God; and yet not three Gods but one God. So the Father is Lord, the Son Lord, and the Holy Spirit Lord; and yet not three Lords but one Lord. For like as we are compelled by Christian truth to acknowledge every Person by Himself to be both God and Lord; so are we forbidden by the catholic religion to say, there be three Gods or three Lords.

The Father is made of none, neither created nor begotten. The Son is of the Father alone, not made nor created but begotten. The Holy Spirit is of the Father and the Son, not made nor created nor begotten but proceeding. So there is one Father not three Fathers, one Son not three Sons, and Holy Spirit not three Holy Spirits. And in this Trinity there is nothing before or after, nothing greater or less, but the whole three Persons are coeternal together and coequal.

So that in all things, as is aforesaid, the Trinity in Unity and the Unity in Trinity is to be worshipped. He therefore who wills to be in a state of salvation, let him think thus of the Trinity.

Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency rating344 of 43035 of 50
Fund acquisition rating332 of 43035 of 50
Resource allocation rating207 of 43026 of 50
Asset utilization rating350 of 43043 of 50

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%11%10%9%9%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%11%10%9%9%8%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%97%98%99%98%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%11%11%9%9%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%3%2%1%2%2%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%83%84%84%85%87%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%99%94%98%99%99%
Program output ratio Program output ratio =
Program services /
Total revenue
81%82%78%82%85%86%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%1%6%2%1%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%1%8%3%1%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%6%6%6%6%5%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.320.491.031.020.980.94
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.532.212.162.302.552.33
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.531.082.222.342.502.19
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.095.887.116.105.786.26
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.170.140.160.170.16
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.079.184.644.293.974.61
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%8%7%8%7%7%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%187%90%91%95%99%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$9,195,922$11,638,867$9,916,606$8,553,697$13,398,799
Receivables, inventories, prepaids$11,468,479$9,416,269$7,329,051$5,641,254$4,035,948
Short-term investments$4,470,403$4,208,511$4,723,536$5,005,030$3,328,429
Other current assets$0$0$0$0$0
Total current assets$25,134,804$25,263,647$21,969,193$19,199,981$20,763,176
Long-term investments$804,214$1,018,548$992,167$1,114,014$1,045,586
Fixed assets$24,823,355$23,825,117$23,998,836$24,818,710$23,610,507
Other long-term assets$4,825,512$4,428,243$3,642,467$3,802,408$2,887,020
Total long-term assets$30,453,081$29,271,908$28,633,470$29,735,132$27,543,113
Total assets$55,587,885$54,535,555$50,602,663$48,935,113$48,306,289
 
Liabilities20172016201520142013
Payables and accrued expenses$4,274,546$3,554,595$3,601,426$3,320,637$3,316,555
Other current liabilities$0$0$0$0$0
Total current liabilities$4,274,546$3,554,595$3,601,426$3,320,637$3,316,555
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$329,573$313,311$246,198$0$0
Total long-term liabilities$329,573$313,311$246,198$0$0
Total liabilities$4,604,119$3,867,906$3,847,624$3,320,637$3,316,555
 
Net assets20172016201520142013
Unrestricted$46,431,448$46,115,334$41,334,338$40,028,239$39,918,734
Temporarily restricted$3,525,658$3,525,656$4,390,644$4,452,742$4,069,142
Permanently restricted$1,026,660$1,026,659$1,030,047$1,040,642$1,001,858
Net assets$50,983,766$50,667,649$46,755,039$45,614,476$44,989,734
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$26,759,005$59,023,580$52,316,900$47,506,689$45,389,501
Program service revenue$196,135$214,865$370,843$450,983$347,092
Membership dues$0$0$0$0$0
Investment income$613,082$847,342($71,642)$270,645$297,639
Other revenue$5,617($1,144)$24,677$131,295$52,249
Total other revenue$814,834$1,061,063$323,878$852,923$696,980
Total revenue$27,573,839$60,084,643$52,640,778$48,359,612$46,086,481
 
Expenses20172016201520142013
Program services$22,602,165$46,940,642$43,350,205$40,877,212$39,565,063
Management and general$1,641,012$3,103,274$3,157,907$2,654,269$2,368,456
Fundraising$3,015,962$6,147,012$4,869,012$4,485,486$3,503,830
Total expenses$27,259,139$56,190,928$51,377,124$48,016,967$45,437,349
 
Change in net assets20172016201520142013
Surplus (deficit)$314,700$3,893,715$1,263,654$342,645$649,132
Other changes in net assets$0$0$0$0$0
Total change in net assets$314,700$3,893,715$1,263,654$342,645$649,132

Response from ministry

No response has been provided by this ministry.


History

As Mother Angelica never tires of saying, the history of EWTN "isn't what we've done, it's how we've done it." Giving all the credit to God and His Providence, she says she didn't have a plan - much less a long-range business plan - when she powered up the first transmitter in 1981. After all as Mother Angelica points out, what could a handful of nuns know about starting something that would become a global Catholic television and multimedia network? Instead, she has relied on the power of prayer - her own and those of her Sisters. No other network, emerging or otherwise, could rely on such a powerful, hidden, but very effective "business" strategy.

Attentive to manifestations of God's Will, Mother Angelica watched as certain doors in her early media ministry opened and certain doors closed. She knew God's purposes are often hidden and the faithful must simply wait, persevere in prayer, and go through those doors once the light of day - or angels' radiance - shine through them. Some might say she pushed some of those doors down but she knew that God's Providence also calls for action on our part. As the past twenty years reveal, EWTN is obviously part of God's providential plan.

Although she had no guarantee of funding, she refused to worry about the future and the mounting bills, confident that her Heavenly Father would provide their daily bread. Confidence in God brings peace; false security does not.

Mother Angelica is fond of saying "We have to be willing to do the ridiculous so God can do the miraculous." Like tying sheets from tree to tree to show God where EWTN needed a new studio. Or placing a costly short-wave radio tower on a mountain that the so-called experts said would never transmit around the world - all because of a vision of St. Michael the Archangel.

But Mother Angelica is no stranger to the miraculous. She became a nun after she prayed a novena to St. Therese and was healed of a stomach ailment. She came South to build a monastery to honor a promise she made before risky back surgery. A few years before the end of the second millennium, she threw away her crutches, able to walk after another miracle.

God's ways are often beyond our understanding. Who could have imagined what He would do with land purchased from the sale of fishing lures and a television studio converted from a monastery garage? He works in mysterious ways, indeed. As Mother Angelica never tires of saying, the history of EWTN "isn't what we've done, it's how we've done it." Giving all the credit to God and His Providence, she says she didn't have a plan - much less a long-range business plan - when she powered up the first transmitter in 1981. After all as Mother Angelica points out, what could a handful of nuns know about starting something that would become a global Catholic television and multimedia network? Instead, she has relied on the power of prayer - her own and those of her Sisters. No other network, emerging or otherwise, could rely on such a powerful, hidden, but very effective "business" strategy. Attentive to manifestations of God's Will, Mother Angelica watched as certain doors in her early media ministry opened and certain doors closed. She knew God's purposes are often hidden and the faithful must simply wait, persevere in prayer, and go through those doors once the light of day - or angels' radiance - shine through them. Some might say she pushed some of those doors down but she knew that God's Providence also calls for action on our part. As the past twenty years reveal, EWTN is obviously part of God's providential plan. Although she had no guarantee of funding, she refused to worry about the future and the mounting bills, confident that her Heavenly Father would provide their daily bread. Confidence in God brings peace; false security does not. Mother Angelica is fond of saying "We have to be willing to do the ridiculous so God can do the miraculous." Like tying sheets from tree to tree to show God where EWTN needed a new studio. Or placing a costly short-wave radio tower on a mountain that the so-called experts said would never transmit around the world - all because of a vision of St. Michael the Archangel. But Mother Angelica is no stranger to the miraculous. She became a nun after she prayed a novena to St. Therese and was healed of a stomach ailment. She came South to build a monastery to honor a promise she made before risky back surgery. A few years before the end of the second millennium, she threw away her crutches, able to walk after another miracle. God's ways are often beyond our understanding. Who could have imagined what He would do with land purchased from the sale of fishing lures and a television studio converted from a monastery garage? He works in mysterious ways, indeed.


Program accomplishments

  • Online Services, one of EWTN's newest apostolates, provides a variety of Catholic resources to those with Internet capability. Here one has access to the Catholic Church's teachings on a wide variety of moral and theological issues made available in searchable audio and document libraries. The service offers online experts to answer questions about the Faith
  • EWTN Global Catholic Radio reaches a potential audience of 600 million listeners.
  • EWTN offers a satellite-delivered AM/FM radio network free of charge to radio stations worldwide for re-broadcast locally in either English or Spanish.
  • EWTN News produces a daily news service for the television network, the radio network and Online Services, featuring in-depth reports and summaries gathered from worldwide news sources including Vatican Radio.

Needs

EWTN has communicated the following needs:

Mother Angelica has always trusted that God in His Providence would inspire viewers to supply the network's financial needs. Her trademark fund appeal, coming periodically at the end of her live show, asks viewers to "remember the network between your gas bill and your electric bill." EWTN offers programming free-of-charge to cable companies and never uses advertising to generate income for the network.