Civic Intelligence

The Inspirational Network Inc

EIN 57-0931093 • 501(c)3 • Indian Land, SC

Profile

Impacting people for Christ worldwide through media.

3000 WorldReach DriveIndian Land, SC 29707

www.inspiration.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

37th percentile

0.18x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

1.81x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

80th percentile

20%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

62nd percentile

8.0%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-18%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$353,695,239

Up $26,265,962 (+8.0%) from 2023

Liabilities

Up

$63,875,678

Up $18,647,777 (+41%) from 2023

Net Assets

Up

$289,819,561

Up $7,618,185 (+2.7%) from 2023

Revenue

Down

$35,338,832

Down $7,966,759 (-18%) from 2023

Expenses

Down

$28,273,578

Down $3,977,312 (-12%) from 2023

Net Income

Down

$7,065,254

Down $3,989,447 (-36%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0Assets 2010: $122,854,348Liabilities 2010: $60,369,963Net Assets 2010: $62,484,3852010Assets 2011: $118,147,348Liabilities 2011: $60,706,451Net Assets 2011: $57,440,8972011Assets 2012: $118,732,137Liabilities 2012: $58,236,419Net Assets 2012: $60,495,7182012Assets 2013: $136,109,227Liabilities 2013: $10,341,294Net Assets 2013: $125,767,9332013Assets 2014: $147,070,909Liabilities 2014: $6,586,912Net Assets 2014: $140,483,9972014Assets 2015: $144,011,275Liabilities 2015: $5,634,825Net Assets 2015: $138,376,4502015Assets 2016: $150,274,644Liabilities 2016: $5,291,792Net Assets 2016: $144,982,8522016Assets 2017: $145,256,883Liabilities 2017: $4,821,271Net Assets 2017: $140,435,6122017Assets 2018: $138,014,778Liabilities 2018: $3,156,667Net Assets 2018: $134,858,1112018Assets 2019: $198,649,103Liabilities 2019: $2,336,496Net Assets 2019: $196,312,6072019Assets 2020: $270,492,934Liabilities 2020: $13,404,899Net Assets 2020: $257,088,0352020Assets 2021: $298,371,804Liabilities 2021: $32,154,130Net Assets 2021: $266,217,6742021Assets 2022: $308,206,307Liabilities 2022: $37,679,364Net Assets 2022: $270,526,9432022Assets 2023: $327,429,277Liabilities 2023: $45,227,901Net Assets 2023: $282,201,3762023Assets 2024: $353,695,239Liabilities 2024: $63,875,678Net Assets 2024: $289,819,5612024

Highlighted filing

2024

Assets$353,695,239
Liabilities$63,875,678
Net Assets$289,819,561

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2010: $97,310,0922010Expenses 2011: $96,589,7792011Expenses 2012: $90,733,5272012Revenue 2013: $165,604,942Expenses 2013: $92,623,352Net Income 2013: $72,981,5902013Revenue 2014: $55,137,788Expenses 2014: $40,421,724Net Income 2014: $14,716,0642014Revenue 2015: $41,217,618Expenses 2015: $39,068,296Net Income 2015: $2,149,3222015Revenue 2016: $32,135,880Expenses 2016: $34,696,835Net Income 2016: -$2,560,9552016Revenue 2017: $29,654,965Expenses 2017: $34,917,137Net Income 2017: -$5,262,1722017Revenue 2018: $31,653,274Expenses 2018: $37,230,775Net Income 2018: -$5,577,5012018Revenue 2019: $41,041,945Expenses 2019: $38,991,742Net Income 2019: $2,050,2032019Revenue 2020: $32,758,688Expenses 2020: $34,634,103Net Income 2020: -$1,875,4152020Revenue 2021: $43,425,895Expenses 2021: $34,706,581Net Income 2021: $8,719,3142021Revenue 2022: $39,559,542Expenses 2022: $35,863,992Net Income 2022: $3,695,5502022Revenue 2023: $43,305,591Expenses 2023: $32,250,890Net Income 2023: $11,054,7012023Revenue 2024: $35,338,832Expenses 2024: $28,273,578Net Income 2024: $7,065,2542024

Highlighted filing

2024

Revenue$35,338,832
Expenses$28,273,578
Net Income$7,065,254

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$354$63.9$290$35.3$28.3$7.07
2023Detailed filing. Detailed filing data is available for this year.$327$45.2$282$43.3$32.3$11.1
2022Detailed filing. Detailed filing data is available for this year.$308$37.7$271$39.6$35.9$3.70
2021Detailed filing. Detailed filing data is available for this year.$298$32.2$266$43.4$34.7$8.72
2020Detailed filing. Detailed filing data is available for this year.$270$13.4$257$32.8$34.6$1.88
2019Detailed filing. Detailed filing data is available for this year.$199$2.34$196$41.0$39.0$2.05
2018Detailed filing. Detailed filing data is available for this year.$138$3.16$135$31.7$37.2$5.58
2017Detailed filing. Detailed filing data is available for this year.$145$4.82$140$29.7$34.9$5.26
2016Detailed filing. Detailed filing data is available for this year.$150$5.29$145$32.1$34.7$2.56
2015Detailed filing. Detailed filing data is available for this year.$144$5.63$138$41.2$39.1$2.15
2014Detailed filing. Detailed filing data is available for this year.$147$6.59$140$55.1$40.4$14.7
2013Detailed filing. Detailed filing data is available for this year.$136$10.3$126$166$92.6$73.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$119$58.2$60.5$90.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$118$60.7$57.4$96.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$123$60.4$62.5$97.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$35,338,832
Mission and Program Overview

Mission

Impacting people for Christ worldwide through media.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$117,287,998$125,287,998▲ $8,000,000
Land, Buildings, and Equipment, Net$73,673,031$88,875,672▲ $15,202,641
Savings and Temporary Cash Investments$61,448,042$56,574,399▼ $4,873,643
Investments in Publicly Traded Securities$6,542,515$7,364,777▲ $822,262
Cash and Non-Interest-Bearing Accounts$16,068,698$2,457,145▼ $13,611,553
Prepaid Expenses and Deferred Charges$984,756$654,568▼ $330,188
Accounts Receivable$728,108$547,901▼ $180,207
Inventories for Sale or Use$784,066$420,985▼ $363,081
Total Assets$327,429,277$353,695,239▲ $26,265,962
Other Assets Total$49,912,063$71,511,794▲ $21,599,731
Liabilities
Accounts Payable and Accrued Expenses$42,500,895$62,490,264▲ $19,989,369
Other Liabilities$2,727,006$1,385,414▼ $1,341,592
Total Liabilities$45,227,901$63,875,678▲ $18,647,777
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$282,201,376$289,819,561▲ $7,618,185
Total Net Assets Fund Balance$282,201,376$289,819,561▲ $7,618,185
Total Liabilities and Net Assets / Fund Balance$327,429,277$353,695,239▲ $26,265,962

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$42,351,703$24,316,717$66,668,420
Other Land Buildings$35,522,718$27,200,397$62,723,115
Land$10,944,366-$10,944,366
Equipment$51,822$8,861,621$8,913,443
Leasehold Improvements$5,063$2,676$7,739
Investment Program Related Org$125,287,998--
Other Assets Org$3,060--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Benjamin CerulloDir/EVP Ministry Outreach/COO CrossrFT$379,760$99,693$479,453
David RobertsonCOO, Ministry Outreach & OpsFT$356,965$78,321$435,286
Robert DicksonVP Partner RelationsFT$154,199$53,614$207,813
Lisa Jo MouradianVP Ministry Comm & OpsFT$117,260$58,506$175,766
William Baysinger Sr DirMedia Planning & SyndicationFT$130,103$27,781$157,884
Jacque ThomasDirector of FacilitiesFT$112,190$42,146$154,336
Vernon JohnsonDirector of SecurityFT$125,563$27,056$152,619
Melinda DosterSr. Director Print Production & Data OpsFT$119,581$17,281$136,862
Charles David CerulloDirector / President & CEOPT$116,700$15,887$132,587
Benny Hyman DirProperty Maintenance & WarehouseFT$127,163$955$128,118
Michael Black VPDigital Init. & Mktg. (END 08/09/24)FT$113,107$7,772$120,879
Albert DensonDirector-$20,000-$20,000
Doug PreudhommeDirector-$20,000-$20,000
Raichelle GloverDirector-$20,000-$20,000
Ramon ArdizzoneDirector-$20,000-$20,000
Rebekah HendersonDirector-$20,000-$20,000
Rick RayDirector (END 08/21/24)-$20,000-$20,000

Board Members and Trustees

NameTitle
Robert I BraceCFO & Corp Treasurer
John Erick Roos EVPComm. & Research (END 06/07/24)
Barbara CerulloDir/EVP Organizational Development
Dale S Ardizzone EsqGeneral Counsel & Corp Secretary
John Rouda EVPMedia Ops & Tech
Mark A Kramer EVPMedia/Tech Services (END 05/31/24)
Gregory Richardson EsqSVP Legal & Business Affairs
Melissa ThortonVP Corporate Communications
Rebecca ZambranaVP Human Resources
Kevin MillsVP Organizational Development

Highest Paid Contractors

ContractorServicesLocationCompensation
Edifice LLCBuilding ContractorPO Box 36349, Charlotte, NC 28236$19,403,837
Environmentalscape IncGrounds MaintenancePO Box 481153, Charlotte, NC 28269$314,055
Price Waterhouse CoopersAccounting ServicesPO Box 932011, Atlanta, GA 31193-2011$228,000
Goka IncCleaning ServicePO Box 481240, Charlotte, NC 28269$128,839
Revenue and Support

Revenue Composition

Contributions and Grants
$15,577,306
Program Service Revenue
$2,958,732
Investment Income
$12,910,032
Other Revenue
$3,892,762
All Other Contributions
$15,577,306
Change in Net Assets
$7,065,254
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,005,131
Salaries, Compensation, and Employee Benefits$9,254,392
Total Fundraising Expense$2,061,226
Grants and Similar Amounts Paid$14,055
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,132,234$4,167,155$263,770$7,563,159
Depreciation Depletion$2,003,882$90,522-$2,094,404
Insurance$387,041$668,359$3,605$1,059,005
Other Expenses$797,530$236,915$16,545$1,050,990
Current Officers, Directors, Trustees, and Key Employees$895,638$29,854$69,661$995,153
Advertising$576,560$279$61,848$638,687
Payroll Taxes$269,091$285,112$22,518$576,721
Occupancy$101,432$446,484$3,672$551,588
Information Technology$50,647$366,555-$417,202
Office Expenses$19,967$389,395$1,109$410,471
All Other Expenses$216,782$21,607-$238,389
Pension Plan Contributions$63,658$55,701-$119,359
Travel$84,772$5,815$4,247$94,834
Grants to Domestic Orgs$14,055--$14,055
Conferences and Meetings$705$1,360-$2,065
Total Functional Expenses$18,644,566$7,567,786$2,061,226$28,273,578
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lancaster PromiseLancaster, SC501(c)(3)Program Support$10,000

International Summary

Offices
0
Employees
0
Spending
$55,225

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesProgramming00$55,225
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board Member is ownerDPCS processes donations and provides donor database administration servicesNo$1,415,117
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Accrued Expenses$529,355
Accrued Vacation$429,304
Accrued Salaries$220,890
Accrued Royalties$141,322
Federal Excise Taxes$22,315
Gift Annuities$16,100
Deposits - Tenants$11,816
Prepaid Rent - Tenants$11,716
Accrued Sales Commissions$2,454
Payroll Taxes Payable$142
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

David Cerullo, Director/President and CEO, is the spouse of Barbara Cerullo, Director and EVP Organizational Development. David Cerullo, Director/President and CEO, is also the father of Ben Cerullo, Director, COO CrossRidge Development and EVP Ministry Outreach. David Cerullo, Director/President and CEO, is also the father of Rebekah Henderson, Director. Ramon Ardizzone, Director, is the father of Dale Ardizzone, General Counsel and Corporate Secretary.

Form 990, Part VI, Section B, line 11B

The Company uses Deloitte Tax, LLP as its outside tax advisors and paid preparer. Information for the Form 990 is gathered by the CFO. The Form 990 is reviewed before submission by the Chairman and Chief Executive Officer as well as the Board of Directors.

Form 990, Part VI, Section B, line 12C

The Organization regularly and consistently monitors and enforces compliance with the Conflict of Interest Policy through a process overseen by the Chief Operating Officer. Any officer, director or key employee who has a direct or indirect financial interest, must disclose all material facts. Any individual with a conflict of interest is prohibited from participating in the Governing Body's deliberations and decisions in the transaction for which he/she has conflict.

Form 990, Part VI, Section B, line 15

The Compensation Special Committee is comprised of three disinterested individuals, separate and unaffiliated with the Board, along with one independent Board member. The purpose and scope of authority of Compensation Special Committee includes the review, approval, adoption, and implementation all compensation decisions concerning the CEO and all family members, (all "Disqualified Persons"), including all merit increases. The Compensation Special Committee reviews various industry executive compensation studies, publications, and surveys in connection with making compensation decisions, and it receives advice and guidance from outside counsel. The CEO of the Corporation is not present when the Compensation Special Committee meets and/or renders decisions, and the decisions of the Compensation Special Committee are memorialized in Minutes maintained by outside counsel. Salaries for other Executive & Senior officers of the Corporation, (non-Disqualified Persons), are submitted to the Board for approval each year, and are based on the recommendations of the Corporation's Wage & Salary committee, which annually reviews various industry compensation studies, publications, and national, regional, and local salary surveys. The Executive & Senior officers of the Corporation (non-Disqualified Persons) are not present when the Board reviews and discusses the recommendations of the Wage & Salary committee, including the Corporation's Corporate Secretary who is sequestered from the Board meeting during such discussions. Following the Board's review, its decisions are memorialzied in the Corporation's annual meeting minutes. The compensation approval process was last completed in March 2025.

Form 990, Part VI, Section C, line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
The Inspirational Network Inc
EIN
57-0931093
Phone
8035781000
Address
3000 WorldReach Drive, Indian Land, SC 29707
Doing Business As
Inspiration Ministries

Signing Officer

Name
Robert Brace
Title
CFO & Treasurer
Phone
8035781000
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
C David Cerullo
Formed
1992
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
2
Employees
91
Volunteers
0

Preparer

Firm
Deloitte Tax LLP
Address
111 Monument Circle Suite 4200, Indianapolis, IN 46204-5108
Preparer
Shawna M Jansons
Phone
3174648600
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The Company accounts for income taxes under FASB ASC 740, Income Taxes ("ASC 740"). Accordingly, for all taxable activities the Company uses the asset and liability method to account for income taxes, which requires the accrual of income taxes currently payable and the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between tax bases and financial reporting bases for assets and liabilities. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period in which the legislation is enacted. A valuation allowance is provided when it is more likely than not that some portion or all deferred tax assets will not be realized. The Company followed the provisions of ASC 740 that clarify the accounting for uncertainty in tax positions and prescribe guidance related to the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The tax benefit from an uncertain tax position is only recognized in the consolidated statement of financial position if the tax position is more likely than not to be sustained upon an examination, based on the technical merits of the position. Interest and penalties, if any, are included in expenses in the consolidated statement of activities. As of December 31, 2024, the Company had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. The Company's federal and state income tax returns, with respect to its unrelated business income and the income of its for-profit subsidiaries are subject to examination by federal and state authorities in the area of income and franchise tax. The statute of limitations for the tax years ended December 31, 2021, expire November 15, 2025. Calendar tax years after that date, 2022 to 2024 are open to federal and state examination.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0The promotion, production, and provision of religious, charitable, and educational programming communicating the gospel to peoples of the world though diverse media technologies, ranging from linear television and various server-based platforms including broadband, Internet, Social Media, wireless, as well as books, magazines, and digital articles. The potential television audience is more than 1 billion households domestically and internationally. The Ministry engages in online evangelism and works to enhance the Christian spiritual development of men, women, and children. Ministry program services include the distribution of direct Bible teaching and preaching, music shows, documentaries about the Christian faith, values-based entertainment programming, children's and teen's programming, articles, books, and other materials to disciple and encourage people in their walk of faith. The Ministry operates an international prayer center to respond to calls, emails, and mailed requests for prayer from people worldwide.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Charles David Cerullo
IRS990/Form990PartVIISectionAGrp/PersonNm1Benjamin Cerullo
IRS990/Form990PartVIISectionAGrp/PersonNm2Barbara Cerullo
IRS990/Form990PartVIISectionAGrp/PersonNm3Albert Denson
IRS990/Form990PartVIISectionAGrp/PersonNm4Doug Preudhomme
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IRS990/Form990PartVIISectionAGrp/PersonNm6Ramon Ardizzone
IRS990/Form990PartVIISectionAGrp/PersonNm7Rebekah Henderson
IRS990/Form990PartVIISectionAGrp/PersonNm8Rick Ray
IRS990/Form990PartVIISectionAGrp/PersonNm9Dale S Ardizzone Esq
IRS990/Form990PartVIISectionAGrp/PersonNm10Robert I Brace
IRS990/Form990PartVIISectionAGrp/PersonNm11David Robertson
IRS990/Form990PartVIISectionAGrp/PersonNm12Gregory Richardson Esq
IRS990/Form990PartVIISectionAGrp/PersonNm13Rebecca Zambrana
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IRS990/Form990PartVIISectionAGrp/PersonNm15Kevin Mills
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IRS990/Form990PartVIISectionAGrp/PersonNm19Melissa Thorton
IRS990/Form990PartVIISectionAGrp/PersonNm20Michael Black VP
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IRS990/Form990PartVIISectionAGrp/PersonNm22William Baysinger Sr Dir
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IRS990/Form990PartVIISectionAGrp/PersonNm25Melinda Doster
IRS990/Form990PartVIISectionAGrp/PersonNm26Benny Hyman Dir
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director / President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Dir/EVP Ministry Outreach/COO Crossr
IRS990/Form990PartVIISectionAGrp/TitleTxt2Dir/EVP Organizational Development
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director (END 08/21/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt9General Counsel & Corp Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt10CFO & Corp Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt11COO, Ministry Outreach & Ops
IRS990/Form990PartVIISectionAGrp/TitleTxt12SVP Legal & Business Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP Human Resources
IRS990/Form990PartVIISectionAGrp/TitleTxt14Media/Tech Services (END 05/31/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP Organizational Development
IRS990/Form990PartVIISectionAGrp/TitleTxt16Comm. & Research (END 06/07/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP Partner Relations
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP Ministry Comm & Ops
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP Corporate Communications
IRS990/Form990PartVIISectionAGrp/TitleTxt20Digital Init. & Mktg. (END 08/09/24)
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IRS990/Form990PartVIISectionAGrp/TitleTxt22Media Planning & Syndication
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director of Facilities
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director of Security
IRS990/Form990PartVIISectionAGrp/TitleTxt25Sr. Dir. Print Production & Data Ops
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