Skip to content
Catholic Online Logo

By Catholic Online

10/19/2010 (3 years ago)

Catholic Online (www.catholic.org)

Announcement comes after years of financial difficulty

The fact that the Crystal Cathedral in Orange County, California was in dire financial straits had been apparent over the past several years. Event cancellations, several employee layoffs and a noticeable drop in revenue were all seen as ominous signs. The church's recent filing for bankruptcy protection will leave the church's creditors from $50 to $100 million in unpaid debt.

In spite of bankruptcy filings, the Crystal Cathedral will conduct business as usual.

In spite of bankruptcy filings, the Crystal Cathedral will conduct business as usual.

Highlights

By Catholic Online

Catholic Online (www.catholic.org)

10/19/2010 (3 years ago)

Published in U.S.

Keywords: Crystal Cathedral, bankruptcy, Schuller


LOS ANGELES, CA (Catholic Online) - The church decided to file for Chapter 11 after some of its creditors sued for payment, according to church officials. "Our ministry will continue as usual," Senior Pastor Sheila Schuller Coleman said. She later said that if anything, the church's recent troubles will give the church's messages more meaning. Schuller reiterated her father's popular proverb, "Tough times never last, but tough people do." She also assured viewers that the church's "message of hope will continue," and that in spite of the economic hardships, the most recent financial reports for the ministries indicate the best cash flow in 10 years. The church's humble beginnings began when the Rev. Robert H. Schuller rented a drive-in movie theater in 1955. Schuller later came to prominence through the "Hour of Power" television show. However -- last January, faced with a $55-million budget deficit and a 27% drop in revenue over the last two years, it eliminated some of its signature offerings and sold property. In addition, the church cut dozens of positions pulled the "Hour of Power" from seven stations and canceled its annual Christmas and Easter pageants, which drew thousands of people. "We want to pay our vendors back," Jim Penner, the executive producer of the "Hour of Power" show says. Penner said the church couldn't cut costs fast enough to deal with the economic downturn, decline in donations and aging congregation. He estimated the national audience for the show at between 800,000 and 1 million. The Crystal Cathedral is currently paying cash for everything with the main goal to "stay out of credit card debt," Penner said. In 2006, Coleman's brother, Robert A. Schuller, succeeded his father to head the ministry. But by fall of 2008, the father and son decided to part ways in a messy family dispute. Last summer, the elder Schuller told congregants that he would return to a prominent role at the church for two years and that his daughter would be his co-leader. All programming, services and education, including the Crystal Cathedral Academy and High School, will go on as usual.

---


Pope Francis: end world hunger through 'Prayer and Action'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for August 2014
Refugees:
That refugees, forced by violence to abandon their homes, may find a generous welcome and the protection of their rights.
Oceania: That Christians in Oceania may joyfully announce the faith to all the people of that region.



Comments


More U.S.

GETTING AWAY WITH MURDER? U.S. policemen cleared at least 400 TIMES annually for justified homicide Watch

Image of Attorney General Eric H. Holder Jr. in addition to more than 40 FBI agents will meet in Ferguson, Missouri, following the death of teenager Michael Brown, an unarmed robbery suspect shot six times by a police officer.

By Catholic Online (NEWS CONSORTIUM)

Law enforcement agents, be they police or sheriff's deputies, are frequently called upon to defend civilians. In their line of duty, policemen are required to make hair-trigger decisions in order to protect the lives of the innocent. This at times requires ... continue reading


Is the First Amendment dead? Police in Ferguson threaten to kill reporters Watch

Image of The unidentified officer will be found and it is unclear if he will face discipline for threatening to kill journalists.

By Catholic Online (NEWS CONSORTIUM)

Overnight, a police officer in Ferguson, MO threatened to kill a member of the press and was recorded doing so. Now a campaign has started online to identify the officer and remove him from the front lines in Ferguson before he really does act out on his threat. ... continue reading


Pope may visit New York City in 2015 Watch

Image of Pope Francis also said there was a possibility he would add Mexico to his travel plans, specifically to visit the Madonna of Guadalupe shrine Mexico City,

By Catholic Online (NEWS CONSORTIUM)

While Pope Francis has confirmed that he is planning to come to the U.S. next year, a spokesman says that the pontiff may visit New York City. Pope Francis hopes to address Congress and the United Nations, as well as attend a meeting in Philadelphia. A surprise ... continue reading


On the Memorial of St. Bernard: Lord, Send Us Monks for This New Missionary Age! Watch

Image of Bernard, Monk, Abbot, Doctor of the Church, and Model of the Christian life and vocation. - Monasteries are a seedbed of the great renewals of the Catholic Church. Monks are prophetic seeds of the kingdom who always seem to be around right when we need them the most. We need Monks for the authentic renewal of the Church in this hour. Lord, send your Holy Spirit, send us monks for the renewal of your Church and the work of this new missionary age.

By Deacon Keith A Fournier

Even though he was regularly summoned to leave the monastery by the needs of Church and State, Bernard was above all a monk, a man of deep prayer, communion and contemplation. It was that sincere devotion which made it possible for him to have wisdom to offer the ... continue reading


So this is where school money goes?! Watch

Image of A new study shows that massive amounts of funding go to non-teacher staff in schools, which has little impact on education quality.

By Catholic Online (NEWS CONSORTIUM)

Non-teacher employees make up 50% of public school employees, a number which has grown 130% since 1970, a new study claims. LOS ANGELES, CA (Catholic Online) - Using data from the National Center for Education Statistics (NCES), the Thomas B. Fordham Institute found ... continue reading


Romney weighs in: Obama is doing 'a good deal worse than even I expected' Watch

Image of Mitt Romney called President Obama out over numerous failures in the six years he has been in office during a West Virginia political rally.

By Catholic Online (NEWS CONSORTIUM)

Former presidential candidate Mitt Romney made quite a scene as he attended a West Virginia rally for three Republican Congressional candidates who are up for election in November. Crowds cheered "Mitt! Mitt! Mitt!" as he spoke. LOS ANGELES, CA (Catholic Online) ... continue reading


Money is NOT the Root of Evil. Learning to Live Evangelical Simplicity in an Age of Idolatry Watch

Image of Simplicity is not about the quantity of the goods of the earth we possess. It is about our relationship to them. Jesus said - Where your treasure is, there your heart will be also. (Matt. 6:21).

By Deacon Keith A Fournier

Learning to live in evangelical Simplicity strips away what impedes love. In finding our proper relationship to the goods of the earth- not rejecting them, craving them, or turning them into an idol- we can learn true freedom. Our eyes are opened and everything begins ... continue reading


STUPID: Political analyst says indictment of Texas governor is 'the stupidest thing I've ever seen' Watch

Image of A video taken inside the jail after her arrest shows an aggressive, uncooperative Travis County District Attorney Rosemary Lehmberg under restraint.

By Catholic Online (NEWS CONSORTIUM)

Calling it "potentially was the stupidest thing I've seen, I think, in my entire career," MSNBC political analyst Mark Halperin says the indictment of Texas Governor Rick Perry on two felony counts of abusing his power is asinine. "I hope some judge throws it ... continue reading


Persecution: W. W. Bridal Shop Forced Out of Business Because the Owners Are Faithful Christians Watch

Image of W.W. Bridal Boutique in Bloomsburg, Pennsylvania is being forced out of business because its owners are faithful Christians who believe that marriage is solely between one man and one woman.

By Deacon Keith A Fournier

In the first two centuries of Christianity, as the early Christians sought to serve in the broader Roman society by engaging in all suitable occupations, some occupations had to be avoided. To practice them would require them to violate their faith. As some other ... continue reading


Obama denounced as 'greatest enemy of press freedom in a generation' Watch

Image of In the face of incarceration that could arrive this year, James Risen has resorted to journalistic defiance.

By Catholic Online (NEWS CONSORTIUM)

Denouncing U.S. President Barack Obama as "the greatest enemy of press freedom in a generation," New York Times reporter James Risen now faces jail time over his refusal to reveal a source. Risen also refuses to testify against a former CIA agent accused of ... continue reading


All U.S. News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Ezekiel 36:23-28
23 I am going to display the holiness of my great ... Read More

Psalm, Psalms 51:12-13, 14-15, 18-19
12 Give me back the joy of your salvation, sustain in ... Read More

Gospel, Matthew 22:1-14
1 Jesus began to speak to them in parables once ... Read More

Saint of the Day

Saint of the Day for August 21st, 2014 Image

St. Pius X
August 21: On June 2, 1835, Giuseppe Melchiorre Sarto saw the light of ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter