Skip to content
Catholic Online Logo

By Catholic Online

10/19/2010 (4 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 (4 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'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for July 2015
Universal:
That political responsibility may be lived at all levels as a high form of charity.
Evangelization: That, amid social inequalities, Latin American Christians may bear witness to love for the poor and contribute to a more fraternal society.



Comments


More U.S.

Pope Francis to give United States Mass in Spanish Watch

Image of Pope Francis to deliver Washington Mass in Spanish.

By Kenya Sinclair (NEWS CONSORTIUM)

Cardinal Donald William Wuerl has announced Pope Francis' decision to give his Washington Mass on September 23 in Spanish. LOS ANGELES, CA (Catholic Online) - "It's a recognition of how large the Hispanic population in the United States is," Wuerl said. "And he's ... continue reading


Obama gets votes to protect Iran nuclear deal Watch

Image of Barbara Mikulski becomes the 34th vote for the nuclear deal.

By Kenya Sinclair (NEWS CONSORTIUM)

The nuclear deal between the United States, China, Britain, France, Russia, Germany and Iran has been under intense scrutiny from Republicans and some Democrats, however Democratic Senator Barbara Mikulski has agreed to pledge support. Mikulski's support means ... continue reading


Pope Francis asks American teenager to sing for him Watch

Image of Valerie Herrera sings

By Kenya Sinclair (NEWS CONSORTIUM)

17-year-old Valerie Herrera, a senior at Cristo Bey Jesuit High School, was asked by Pope Francis to sing a song. LOS ANGELES, CA (Catholic Online) - Americans were invited to a virtual meeting with Pope Francis via satellite, which was moderated from inside the ... continue reading


Making the punishment fit the crime - Ohio judge doles out unusual sentences Watch

Image of Judge Michael Cicconetti's type of justice seems to be working, as only 10 percent of those who complete the judge's unusual sentences wind up in court a second time.

By Catholic Online (NEWS CONSORTIUM)

Making the punishment fit the crime seems to be the method behind Judge Michael Cicconetti's madness. The Ohio judge metes out unusual sentences in lieu of hefty fines and jail time. It must be working, as those sentenced to perform the unlikely, court-mandated ... continue reading


Pope Francis holds virtual audience with Americans prior to U.S. visit Watch

Image of Pope Francis participated in a virtual audience hosted by ABC News. Moderated inside the Vatican by ABC News'

By Catholic Online (NEWS CONSORTIUM)

Speaking to Americans nationwide, Pope Francis participated in a virtual audience hosted by ABC News. Moderated inside the Vatican by ABC News' "World News Tonight," the segment will air this Friday, September 4, on ABC's "20/20" news program. LOS ANGELES, CA ... continue reading


'It just fell out': Latest Planned Parenthood hidden-camera footage reveals a sickening lack of human values (WARNING: Graphic Video) Watch

Image of Procurement Manager, Perrin Larton

By Kenya Sinclair (NEWS CONSORTIUM)

Planned Parenthood is exposed once again in another undercover video from the Center for Medical Progress. A conversation with Dr. Katharine Sheehan, long-time medical director of Planned Parenthood of the Pacific Southwest until 2013, Perrin Larton, the Procurement ... continue reading


MASSIVE MANHUNT for three suspects on the loose after killing an Illinois officer Watch

Image of The FBI, U.S. marshals, SWAT, ATF, K9 units and Chicago police all search for the three suspects.

By Kenya Sinclair (NEWS CONSORTIUM)

UPDATE: One of the suspects has been taken into custody Tuesday afternoon following the deadly shooting of Charles Gliniewicz.A police officer on a routine patrol was shot and killed around 8am Tuesday morning in Fox Lake, Illinois. Law enforcement officers flood the ... continue reading


Standing with God: Thousands stand up for a traditional marriage and pro-life America Watch

Image of Thousands come to the Stand with God rally outside the South Carolina statehouse lawn.

By Nikky Andres (NEWS CONSORTIUM)

People flocked to the South Carolina statehouse lawn to advocate the defunding of Planned Parenthood and reversal of the legalization of same-sex marriages. MUNTINLUPA, PHILIPPINES (Catholic Online) - The pro-traditional family and pro-life demonstration in South ... continue reading


Supreme Court abandons Kim Davis, her martyrdom should come quickly Watch

Image of Until quite recently, the notion of putting a public servant into position to choose between their faith and their work has been inconceivable. Faith has always been protected but not anymore.

By Catholic Online (NEWS CONSORTIUM)

Rowan County Clerk, Kim Davis had her day in court and it went badly. However, she still has her job, and she is still conducting herself with dignity despite the media circus surrounding her office. Ms. Davis still refuses to issue marriage licenses to same sex ... continue reading


Mount McKinley will now be officially recognized by its original name - Denali Watch

Image of The tallest spot in the continental United States, Mount McKinley, will now be known by its original name given it by native Alaskans: Denali.

By Catholic Online (NEWS CONSORTIUM)

The tallest spot in the continental United States, Mount McKinley, will now be known by its original name given it by native Alaskans: Denali. The Obama administration took charge to end a lengthy disagreement by the states of Ohio and Alaska. LOS ANGELES, CA ... 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, Colossians 1:9-14
9 That is why, ever since the day he told us, we have ... Read More

Psalm, Psalms 98:2-3, 3-4, 5-6
2 Yahweh has made known his saving power, revealed ... Read More

Gospel, Luke 5:1-11
1 Now it happened that he was standing one day by the ... Read More

Saint of the Day

Saint of the Day for September 3rd, 2015 Image

Pope Saint Gregory the Great
September 3: St. Gregory, born at Rome about the year 540, was the son 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