Overview
What is Cornerstone Television Inc?
Cornerstone Television Inc, based in Wall, Pennsylvania, is a nonprofit organization primarily focused on broadcasting and producing religious and educational programs. Operating with a team of 58 dedicated individuals, they serve Western and Central Pennsylvania, as well as other regions of the United States, through in-house, nationally syndicated, and locally produced programs. Their mission is centered around the creation and dissemination of these enlightening programs, catering to various audiences with an educational and spiritual orientation.
Official website here: www.ctvn.org
What are the reviews and ratings of this charity?
85% Rating from Charity Navigator
Cornerstone Television Inc has received a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid overall score of 85%. This rating indicates a healthy performance in accountability and finance, showcasing their commitment to transparency and ethical governance. With a majority of 57% independent board members and comprehensive financial oversight mechanisms, the organization demonstrates a strong foundation in managing its resources responsibly.
The nonprofit excels in various aspects of financial accountability, receiving full points in areas such as audit and oversight, conflict of interest policy, and document retention. Furthermore, Cornerstone has shown no material diversion of assets, which enhances its credibility. However, the organization faces challenges with its program expense ratio, which at 61.58% indicates that a significant portion of its budget is not being used directly for programs, potentially raising questions about its operational efficiency.
Additionally, while the fundraising efficiency ratio of $0.31 suggests that the organization spends a considerable amount to raise funds, the working capital ratio of 2.10 years indicates good financial health in terms of liquidity. Overall, Cornerstone Television Inc demonstrates a commitment to accountability and governance, though there are areas for improvement in fundraising and program expenditure efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Television Inc legitimate?
Cornerstone Television Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Television Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $179,858
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,716,588
For more financial information, click here
Official website here: www.ctvn.org
What is the mission statement of Cornerstone Television Inc?
Cornerstone Television Inc's mission is centered around the production and broadcasting of religious and educational programs. They are committed to airing a diverse range of in-house, nationally syndicated, and locally produced content that caters to these themes. Their broadcasting reach extends beyond Western and Central Pennsylvania, serving various parts of the United States. The organization's primary goal is to provide educational and spiritual programming that resonates with a broad audience.
Official website here: www.ctvn.org
Who is the CEO of Cornerstone Television Inc?
Steve Johnson is the President/Ceo of Cornerstone Television Inc. The CEO's salary of Cornerstone Television Inc is $100,250 and their total compensation is $109,423.
Official website here: www.ctvn.org
What is the revenue of Cornerstone Television Inc?
Cornerstone Television Inc's revenue in 2022 was $4,892,228.
Official website here: www.ctvn.org
Who are the executives of Cornerstone Television Inc and what are their salaries?
The average compensation at Cornerstone Television Inc during 2022 was $32,697. There are 58 employees and 53 volunteers at Cornerstone Television Inc.
Here are 7 key members and their salaries (Cornerstone Television Inc's CEO's salary is $100,250 and their total compensation is $109,423):
- Compensation: $100,250
- Related: $0
- Other: $9,173
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $67,910
- Related: $0
- Other: $5,585
- Compensation: $450
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $28,050
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
Official website here: www.ctvn.org
Where can I find the form 990 for Cornerstone Television Inc?
Cornerstone Television Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ctvn.org
Learn more at the official website: www.ctvn.org
Mission Statement of Cornerstone Television Inc
Cornerstone Television Inc, as a nonprofit organization, is dedicated to the production and broadcasting of religious and educational programs. Their mission revolves around creating and disseminating content that caters to these two themes, serving audiences in Western and Central Pennsylvania, as well as other parts of the United States. Through their television broadcasting platform, they broadcast a mix of in-house, nationally syndicated, and locally produced programs that are centered around religious and educational themes. This work allows Cornerstone Television Inc to contribute to the wider community, providing thoughtful and enriching content for viewers to engage with.
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Impact
October, 2024
Cornerstone Television Inc significantly influences its community and beyond through the production and broadcasting of religious and educational programming. Based in Wall, Pennsylvania, it serves Western and Central Pennsylvania, along with other regions across the United States. The organization creates a platform for in-house, nationally syndicated, and local programs that focus on religious themes and educational content.
Its impact is multifaceted: it provides spiritual guidance, fosters community connection, and promotes educational initiatives that resonate with viewers. By delivering diverse programming that addresses faith, values, and practical life challenges, Cornerstone Television Inc plays a vital role in shaping the cultural landscape and supporting the spiritual needs of its audience. Through quality broadcasting and engaging content, it nurtures a sense of community and belonging, while empowering individuals with knowledge and inspiration.
This information is meant to be a general summary of Cornerstone Television Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $58,120
- Program Service Revenue: $1,569,404
- Gross Receipts: $16,371,575
Assets and Liabilities:
- Total Assets: $10,693,013
- Total Liabilities: $269,648
- Net Assets: $10,423,365
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AIRTIME-OTHER MINISTRIES
Revenue
$1,541,123
REVENUE SHARE INCOME
Revenue
$21,054
SALES OF BOOKS & TAPES
Revenue
$7,227
Organization Details
Founding Year
1970
Phone
(412) 824-3930Principal Officer
Steve Johnson
Main Address
1 SIGNAL HILL DRIVE, WALL, PA, 15148
Website
www.ctvn.orgNTEE Category
Code: X820 - Religion related
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