Skip to content
Catholic Online Logo

By Catholic Online

10/19/2010 (5 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 (5 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'


Copyright 2015 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for April 2016
Universal:
Small Farmers: That small farmers may receive a just reward for their precious labor.
Evangelization: African Christians: That Christians in Africa may give witness to love and faith in Jesus Christ amid political-religious conflicts.



Comments


More U.S.

Christian student shockingly dropped from master's program for practicing religious rights Watch

Image of Andrew Cash was discriminated against for practicing his religious rights (YouTube).

By Kenya Sinclair (CALIFORNIA NETWORK)

Andrew Cash practiced his religious rights at Missouri State University - and was dismissed from the master's program in counseling as a result. LOS ANGELES, CA (Catholic Online) - According to the Catholic News Agency, Cash was referring same-sex couples to another ... continue reading


Not a newsflash, U.S. government authorized use of propaganda on American people...in 2013. Here's who to blame Watch

Image of Obama signed the amendment into law in 2013.

By David Drudge (CALIFORNIA NETWORK)

Does the news seem a little too pro-American to you? Does it seem reporters pull punches and that the real issues are ignored? Perhaps that's the result of a quiet change to the law that took place in 2013. A law banning the use of government propaganda on the American ... continue reading


The cost of incarceration: What can we do? Watch

Image of What can we do about overpopulated prisons and ex-cons' ability to find work (Shannon Stapleton/Reuters)?

By Matt Hadro (CNA)

Experts from across the political spectrum are calling for criminal justice reform, as a new White House report shows the human and economic costs of the current justice system. Washington D.C. (CNA) - "This is a singular moment in one of the most challenging issues ... continue reading


Sickening portrayal of Jesus pinned to a dartboard presented as art in university library Watch

Image of

By Abigail James (CALIFORNIA NETWORK)

An appalling portrayal of Jesus plastered to a dartboard was posted up as artwork inside the Art Library at Rutgers University in New Brunswick, New Jersey. LOS ANGELES, CA (Catholic Online) - The "art piece," titled "Vitruvian Man," shows Jesus nailed to the dartboard ... continue reading


Which bathroom should you use? And why is this a question? Watch

Image of Figuring out which restroom to use isn't supposed to be a dilemma.

By Marshall Connolly (CALIFORNIA NETWORK)

The American people are seemingly obsessed with public restrooms these days and precisely how people use the potty. The fear is being stoked by concerns that individuals who "self-identify" as the opposite sex, will take advantage of liberal policies and assault ... continue reading


Prayer Is the Path to Real Freedom Watch

Image of Prayer is the lifeline of a Christian

By Deacon Keith Fournier

Jesus said to his disciples: Ask and it will be given to you; seek and you will find; knock and the door will be opened to you. For everyone who asks, receives; and the one who seeks, finds; and to the one who knocks, the door will be opened. CHESAPEAKE, VA. ... continue reading


Why is Obama now sending 250 MORE troops to Syria? Watch

Image of U.S. President Barack Obama will be sending more troops to the Middle East.

By Kenya Sinclair (CALIFORNIA NETWORK)

U.S. President Barack Obama announced 250 more special operations forces are to be deployed to Syria within the next few weeks. LOS ANGELES, CA (Catholic Online) -  Obama stated: "Just as I approved additional support for Iraqi forces against ISIL, I've decided to ... continue reading


Entire family slain among outrageous marijuana operation Watch

Image of The Pike County killings are most likely drug-related.

By Kenya Sinclair (CALIFORNIA NETWORK)

Pike County, Ohio saw eight murders on Friday with the youngest victim described as 16-years-old and the oldest at 44. LOS ANGELES, CA (Catholic Online) - Ohio Attorney General Mike DeWine released a statement on Sunday during a news conference to mention marijuana ... continue reading


We Are all Going to Die.How Are We Living? Watch

Image of We decide whether we use time for bearing good fruit or are used by time as a tyrant who frightens us as we fruitlessly try to resist his claim on our perceived youth. This act of choosing rightly helps us to develop a disposition; a way of living that involves the proper exercise of our human freedom aided by grace. When time is welcomed as an opportunity for bearing the fruits of love and holiness, we receive it in love, perceive it as a field of choice and build an environment for holiness

By Deacon Keith Fournier

We are to live as though time really does matter. We are invited by grace to give ourselves away for others; to imitate the One who gave Himself for the entire human race. We are invited to pour ourselves out as Jesus did. If we live life this way, when we face Him on ... continue reading


CNS fires editor in chief following anti-religious freedom tweets Watch

Image of Tony Spence has been asked to resign as Editor in Chief of Catholic News Service.

By David Drudge (CALIFORNIA NETWORK)

The Catholic News Service has asked for the resignation of their Editor in Chief over concerns that his personal agenda has placed him at odds with his ability to lead the service. Tony Spence resigned last week over concerns that his social media posts contradicted ... continue reading


All U.S. News

Newsletters

Newsletter Sign Up icon

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

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • Daily Readings for Friday, April 29, 2016
  • Daily Reading for Sunday, May 1st, 2016 HD Video
  • 5 tips for Catholics to stay positive
  • LISTEN NOW: Benedictine nuns release new album
  • EXCLUSIVE - America, King of Propaganda: U.S. government spends ...
  • A Marriage Blessing Prayer HD Video
  • St. Catherine of Siena: Saint of the Day for Friday, April 29, 2016

Daily Readings

Reading 1, Acts 15:22-31
22 Then the apostles and elders, with the whole church, decided to choose ... Read More

Psalm, Psalms 57:8-9, 10-12
8 Awake, my glory, awake, lyre and harp, that I may awake the ... Read More

Gospel, John 15:12-17
12 This is my commandment: love one another, as I have loved ... Read More

Saint of the Day

Saint of the Day for April 29th, 2016 Image

St. Catherine of Siena
April 29: St. Catherine of Siena was born during the ... Read More