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Religion : Religious Media and Broadcasting

Cornerstone TeleVision

Reaching a world God loves

two stars

72.36

One Signal Hill Drive Wall, PA 15148
tel: (888) 665-4483   Web Site
EIN: 23-7112560

Board Leadership
Gary Mitrik
Chairman of the Board

CEO
Steve Johnson
Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 72.36 two stars
  Financial 70.83 two stars
  Accountability & Transparency 74.00 two stars
This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.

Founded in 1970, Cornerstone TeleVision (CTV) is a Christian media ministry communicating God's message to the nations. CTV's philosophy is to present a well-balanced and diversified program schedule that proclaims the Gospel of our Lord Jesus Christ in varied ways by using unique entertaining means to attract all segments of our viewing audience so as to evangelize and edify them - emphasizing CTV produced programming and featuring the best Christian programs available - always aiming to add or replace a program with the same quality or better. Cornerstone TeleVision is here 24 hours a day, 7 days a week, with over 100 programs, ministering salvation, encouragement, and healing through two full-power television stations, over 100 affiliate stations, in-house production of 16 innovative original programs, and a nationwide satellite outreach through Sky Angel.

Founded in 1970, Cornerstone TeleVision (CTV) is a Christian media ministry communicating God's message to the nations. CTV's philosophy is to present a well-balanced and diversified program schedule that proclaims the Gospel of our Lord Jesus Christ in varied ways by using unique entertaining means to attract all segments of our viewing audience so as to evangelize and edify them - emphasizing CTV produced programming and featuring the best Christian programs available - always aiming to add or replace a program with the same quality or better. Cornerstone TeleVision is here 24 hours a day, 7 days a week, with over 100 programs, ministering salvation, encouragement, and healing through two full-power television stations, over 100 affiliate stations, in-house production of 16 innovative original programs, and a nationwide satellite outreach through Sky Angel.

Financial

two stars

70.83

Accountability & Transparency

two stars

74.00

This rating was published 12/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
63.3%
  Administrative Expenses 21.2%
  Fundraising Expenses 15.3%
  Fundraising Efficiency $0.35
  Working Capital Ratio (years) 1.79
  Program Expenses Growth 0.5%
  Liabilities to Assets 6.9%
All data for Financial Performance Metrics calculations was provided by Cornerstone TeleVision on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Cornerstone TeleVision on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Cornerstone TeleVision (PA) 72.36 two stars
Far East Broadcasting Company (CA) 92.08 four stars
World Radio Network (TX) 87.19 three stars
The John Ankerberg Show (TN) 92.63 four stars
The Christophers (NY) 89.13 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,039,989
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $575,743
Total Contributions $2,615,732
   Program Service Revenue $1,461,056
Total Primary Revenue $4,076,788
   Other Revenue $-522,313
TOTAL REVENUE $3,554,475
   
EXPENSES  
   Program Expenses $3,413,004
   Administrative Expenses $959,999
   Fundraising Expenses $823,438
TOTAL FUNCTIONAL EXPENSES $5,196,441
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-1,641,966
   
Net Assets $10,033,235

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Broadcasting and Production $3,413,004 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 12/01/2020 72.36 two stars
2018-12 12/01/2019 74.50 two stars
2017-12 12/01/2018 73.71 two stars
2016-12 12/01/2017 69.75 one star
2015-12 12/01/2016 73.16 two stars
2014-12 10/01/2016 78.54 two stars
2014-12 09/01/2016 72.42 two stars
2014-12 06/01/2016 68.94 one star
 
CN 2.0
2014-12 11/01/2015 65.42 one star
2013-12 03/01/2015 69.69 one star
2012-12 11/01/2013 71.85 two stars
2011-12 12/01/2012 73.82 two stars
2010-12 11/01/2011 72.40 two stars
2009-12 09/20/2011 71.77 two stars
 
CN 1.0
2009-12 02/01/2011 70.82 two stars
2008-12 05/01/2010 72.86 two stars
2007-12 12/17/2008 63.91 one star
2006-12 02/01/2008 60.99 one star
2005-12 04/01/2007 56.64 one star
2004-12 07/01/2006 53.80 zero star

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 23-7112560
Name in IRS Master File CORNERSTONE TELEVISION INC
NTEE Code X82
NTEE Classification Religious Television
NTEE Type Religion-Related, Spiritual Development
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (29) Other religious activities
(120) Publishing activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date May, 1971
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$83,673 1.61% Steve Johnson CEO
Other Salaries of Note
$66,745 1.28% Paul Bixler Director
$26,900 0.51% Rev. Gary Mitrik Chairman
$13,690 0.26% Donald Black Former President, CEO
$4,595 0.08% Craig Sherwood Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Cornerstone TeleVision (PA) 72.36 two stars
D. James Kennedy Ministries (FL) 86.96 three stars
In Touch Foundation (GA) 88.36 three stars
Basic Gospel (TX) 85.74 three stars
Far East Broadcasting Company (CA) 92.08 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Cornerstone TeleVision
One Signal Hill Drive
Wall, PA 15148
tel: (888) 665-4483
fax: (412) 824-5442
EIN: 23-7112560

Visit Web Site

Board Leadership

Gary Mitrik
Chairman of the Board

CEO

Steve Johnson
Chief Executive Officer

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