Cornerstone Television Network, Inc.

The information on this page was last updated 5/22/2023. If you see errors or omissions, please email: [email protected]


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, Hope Today.

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.


Contact information

Mailing address:
Cornerstone Television Network, Inc.
1 Signal Hill Drive
Wall, PA 15148-1499

Website: ctvn.org

Phone: (412) 824-3930

Email: [email protected]


Organization details

EIN: 237112560

CEO/President: Steve Johnson

Chairman: Steve Johnson

Board size: 6

Founder: Rev. Russell Bixler

Ruling year: 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

God calls each organization to emphasize different aspects of His character and His kingdom. In view of that, we have listed below Cornerstone Television Network distinctives - that is, those things that God has called us to emphasize.

The Baptism of the Holy Spirit: Though the Holy Spirit is present in the life of every Christian, we believe that scripture clearly demonstrates a second work of God available to all believers, known as Holy Spirit Baptism. A common evidence of this work is the receiving of a personal prayer language, also known as "speaking in tongues."

Evangelism: The heartbeat of God is to see all come to know Him as Lord and Savior. Therefore, we will seek to present the good news of His love in as many ways as possible. New believers will be encouraged to pray, read the Bible, and attend a local Bible-preaching church.

Gifts of the Holy Spirit: We believe in the present day functioning of all the gifts of the Holy Spirit that are found in the New Testament, including gifts of healing, wisdom, knowledge, prophecy, tongues and interpretation.

Creationism: We believe in a literal understanding of the process of creation, as communicated in God's Word. We also believe that true science and scientific discovery always point to an intelligent designer of the cosmos.

Holiness: God desires each Christian to live a holy life, free from recurring and entangling sin. We should also live a life that promotes justice in our society, as well as a life that obtains eternal fruit to the glory of God.

The Essentials

We believe the following foundational truths are clearly expressed in God's word and have been agreed upon by Christians since the earliest days of the church.

God is a Trinity: The Father, The Son and the Holy Spirit. All are equally God, though distinct from each other in personhood.

Jesus Christ is both fully God and fully man.

Man was created by God to be in constant close relationship with him. This relationship was broken initially through Adam's sin but also by each individual's entrance into sin, which is rebellion against God through the breaking of his laws. The Bible says that we all have sinned. This is the condition in which each of us finds ourselves prior to salvation.

Jesus Christ lived to teach us about God's love. He died to pay the penalty for our sin, which we ourselves could not pay. He was resurrected to life after three days. Therefore, through Jesus we may receive forgiveness of sins and be restored to relationship with God the Father.

A person receives salvation by God's grace through faith. We cannot earn our salvation in any way. We must merely receive God's gracious gift and trust completely in Christ's finished work on the cross.

The Holy Spirit is given to each Christian at the moment of salvation. He is active in leading and guiding each Christian, but he is also active in convicting non-Christians of their need to know Jesus as their Savior.

Water Baptism, though not essential for salvation, is a public declaration by the new believer of his faith in Jesus Christ.

Each Christian needs to have a place of fellowship with other believers, commonly referred to as a church. However, the church is not a building but rather the gathering together of these believers to worship God and to receive teaching, prayer, and mutual encouragement.

We, the church, are sent into the world by God to share the message of his love and his offer of salvation to the ends of the earth.

The Bible is God's holy and inerrant Word. It is the revelation of God's character, his work in history, and his plans for man. It is the primary source of the Christian's growth, guidance, and understanding.

There is a real tangible place known as heaven that is the destination of every follower of Christ. It is a place of eternal life, joy and peace in the presence of God forever.

There is a place of eternal punishment known as hell for those who reject God's offer of salvation. God is not willing for anyone to go there, so much so, that he gave his one and only Son to save all who choose to believe. God is merciful but also just.

Jesus Christ will, according to his promise, return to earth to gather the believers that remain on earth at that time. No one knows the day or the hour of His return.

The beliefs listed above are common to all Christians. They are the essentials. They are solidly biblical and agreed upon by theologians of all major denominations and faith traditions. However, in the body of Christ (the church) there is great diversity in non-essentials. We recognize this and gladly accept our brothers and sisters who may differ from us in areas of healing, baptism, and eschatology. As John Wesley once said, In essentials: Unity, in non-essentials: Liberty, in all things: Charity.

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Transparency grade

A

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Financial efficiency ratings

Sector: Radio/ TV Stations

CategoryRatingOverall rankSector rank
Overall efficiency rating989 of 109727 of 28
Fund acquisition rating1065 of 109826 of 28
Resource allocation rating1037 of 109827 of 28
Asset utilization rating480 of 109711 of 28

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%37%28%28%25%31%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%17%15%14%15%23%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
82%45%55%50%59%74%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%15%16%15%15%16%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
18%55%45%50%41%26%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
77%62%61%61%61%66%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%110%96%91%99%146%
Program output ratio Program output ratio =
Program services /
Total revenue
74%68%59%56%60%96%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-10%4%9%1%-46%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
1%-4%2%4%1%-16%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
17%22%23%23%24%18%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.380.470.440.420.500.48
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.021.741.731.671.731.78
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.010.820.760.700.860.86
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.8624.8731.7037.9017.9919.76
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.040.030.030.060.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
11.7314.0115.3316.7913.2213.31
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
13%3%3%3%3%7%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%1%0%4%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
191%205%222%233%195%193%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$524,540$676,782$475,075$465,987$490,734
Receivables, inventories, prepaids$459,846$494,342$441,313$405,766$510,109
Short-term investments$4,933,711$5,025,119$5,855,306$5,319,753$5,069,333
Other current assets$0$0$0$0$0
Total current assets$5,918,097$6,196,243$6,771,694$6,191,506$6,070,176
Long-term investments$0$0$0$0$0
Fixed assets$4,300,738$4,431,222$4,507,718$4,528,042$4,711,714
Other long-term assets$50,245$65,548$0$0$0
Total long-term assets$4,350,983$4,496,770$4,507,718$4,528,042$4,711,714
Total assets$10,269,080$10,693,013$11,279,412$10,719,548$10,781,890
 
Liabilities20232022202120202019
Payables and accrued expenses$209,982$165,753$150,811$324,455$288,572
Other current liabilities$27,944$29,733$27,871$19,622$18,612
Total current liabilities$237,926$195,486$178,682$344,077$307,184
Debt$0$0$120,000$0$429,032
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$58,652$74,162$8,821$12,232$12,439
Total long-term liabilities$58,652$74,162$128,821$12,232$441,471
Total liabilities$296,578$269,648$307,503$356,309$748,655
 
Net assets20232022202120202019
Without donor restrictions$9,913,617$10,311,216$10,862,229$10,261,802$9,835,024
With donor restrictions$58,885$112,149$109,680$101,437$198,211
Net assets$9,972,502$10,423,365$10,971,909$10,363,239$10,033,235
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$2,002,562$2,667,893$2,565,608$3,147,165$2,615,732
Program service revenue$1,549,839$1,569,404$1,535,898$1,427,939$1,461,056
Membership dues$0$0$0$0$0
Investment income$246,582$58,120$585,699$392,444($769,115)
Other revenue$622,749$596,811$491,451$402,746$246,802
Total other revenue$2,419,170$2,224,335$2,613,048$2,223,129$938,743
Total revenue$4,421,732$4,892,228$5,178,656$5,370,294$3,554,475
 
Expenses20232022202120202019
Program services$3,021,701$2,874,668$2,894,589$3,238,018$3,413,004
Management and general$1,094,676$1,069,096$1,100,213$1,267,681$959,999
Fundraising$750,339$753,168$716,951$801,419$823,438
Total expenses$4,866,716$4,696,932$4,711,753$5,307,118$5,196,441
 
Change in net assets20232022202120202019
Surplus (deficit)($444,984)$195,296$466,903$63,176($1,641,966)
Other changes in net assets$0$0$0$0$0
Total change in net assets($444,984)$195,296$466,903$63,176($1,641,966)

Compensation

NameTitleCompensation
Steve JohnsonPresident/CEO$112,752
Paul BixlerDirector$76,280
Rev Gary MitrikDirector$24,550
Leon HaynesDirector$1,850
Antonino J ComaniciDirector$600
Ms Michelle AgatstonVice Chairman$600

Compensation data as of: 12/31/2023


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 5/22/2023. To update the information below, please email: [email protected]


History

Cornerstone Television began over 40 years ago - in a vision God gave Norma Bixler during a chance visit to the Christian Broadcasting Network. Sitting there 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. It took many months and some marvelous revelations before Russ came to share that conviction - and even then, the couple found that they had their work cut out for them. Their prospective station faced nearly every imaginable hurdle - financial, legal, personal, logistical... and one by one, over the next ten years, God helped them over, under, around, and through each obstacle - with miracle after affirming miracle - to realize the vision He'd given them.

Again and again, God echoed in the Bixler's hearts the words of Isaiah 49:22: "Behold, I will lift up My hand to the nations, and raise My Signal to the peoples." That signal was first broadcast on Easter Sunday, April 15, 1979 - and in the many decades since, God has used Cornerstone Television in powerful ways to bring His Word to people all over America and beyond- one heart at a time.

Throughout the years, Cornerstone Network has maintained its God-breathed legacy. The vision did not end with Russ and Norma Bixler. Through the visions of our leadership team and staff, Cornerstone has maintained a stellar reputation for quality Christian programming. From "Origins" and "Light Music" to "His Place" and "Hope Today," Cornerstone has been blessed with a creative team of dedicated professionals, as well as the faithful generosity of thousands of fellow believers. Cornerstone Television may have begun with a single vision, but it has been sustained through the 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. When you give to Cornerstone, you are helping support a legacy of faith unlike any other: a 24/7 Gospel message broadcasted to over 6 million homes every single day. Our history has the fingerprints of God-and we know that by faith, the best is yet to come!


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 Hope Today, 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.