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Religion : Religious Media and Broadcasting

Cornerstone TeleVision

Reaching a world God loves

two stars

74.50

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
VP of Operations

  Score
(out of 100)
Rating
Overall Score & Rating 74.50 two stars
  Financial 69.36 one star
  Accountability & Transparency 81.00 three stars
This rating was published 12/01/2019 and includes data from FY2018, 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.

Impact Information

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This impact information is current as of October 2019, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

one star

69.36

Accountability & Transparency

three stars

81.00

This rating was published 12/01/2019 and includes data from FY2018, 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)
61.2%
  Administrative Expenses 22.2%
  Fundraising Expenses 16.5%
  Fundraising Efficiency $0.36
  Working Capital Ratio (years) 1.92
  Program Expenses Growth 0.7%
  Liabilities to Assets 3.4%
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) 74.50 two stars
Ligonier Ministries (FL) 89.81 three stars
Educational Media Foundation (CA) 96.51 four stars
Lamb & Lion Ministries (TX) 95.54 four stars
EWTN (AL) 86.61 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,221,600
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $2,221,600
   Program Service Revenue $1,423,807
Total Primary Revenue $3,645,407
   Other Revenue $782,904
TOTAL REVENUE $4,428,311
   
EXPENSES  
   Program Expenses $3,457,404
   Administrative Expenses $1,305,089
   Fundraising Expenses $846,297
TOTAL FUNCTIONAL EXPENSES $5,608,790
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-1,180,479
   
Net Assets $11,097,372

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 $3,457,404 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
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
2003-12 12/01/2004 64.10 one 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
$166,600 2.97% Donald Black President, CEO
Other Salaries of Note
$82,416 1.46% Craig Sherwood Chairman
$10,400 0.18% Gary Mitrik Director
$600 0.01% Richard Scholton Treasurer
$600 0.01% Michelle Agatston Director
$600 0.01% Leon Haynes III Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Cornerstone TeleVision (PA) 74.50 two stars
Relevant Radio (WI) 89.16 three stars
Lamb & Lion Ministries (TX) 95.54 four stars
D. James Kennedy Ministries (FL) 86.61 three stars
Zola Levitt Ministries (TX) 91.43 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
VP of Operations

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