The Inspirational Network Inc

“Yes, david cerullo, president and ceo, is the spouse of barbara cerullo, evp organizational development. David cerullo, president and ceo, is also the father of ben cerullo, president of ben cerullo ministries, the awakening. David cerullo, president and ceo, is also the father of rebekah henderson, evp/general manager of halogen. Ray ardizzone, director, is the father of dale ardizzone, chief operating officer, networks.”

“The company uses deloitte tax, llp as its outside tax advisors and paid preparer. Information for the form 990 is gathered by the executive vice president of finance. Form 990 is reviewed before submission by the chairman and chief executive officer as well as the board of directors.”

“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.”

“15a. The ceo's compensation was established and put in place by the board of directors at the initial meeting of the organization. Annually the compensation is submitted to the board for approval to ensure it is not excessive. In the review of compensation, an executive compensation survey is completed by an independent outside party. A four member independent compensation committee and independent board member(s) review the survey and approve the compensation. During the review and approval of the compensation, documentation of the decision is recorded in the board minutes. The ceo is not present when compensation is reviewed and approved. Form 990, part vi, section b, line 15: 15b. In determining compensation of the organization's other officers and key employees, the process included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. In the review of compensation, an executive compensation survey is completed by an independent outside party. The six member wage and salary compensation committee and independent board member(s) review the survey and approve compensation. During the review and approval of the compensation, documentation of the decision is recorded in the board minutes. Other officers and key employees are not present when compensation is reviewed and approved.”

“No documents available to the public.”

“Earnings in investment in subsidiaries -9,692,712. Equity in transfer of assets from the inspirational 1,983,337.”

“Statement pursuant to treasury regulation section 1.351-3(a) by the inspirational network, inc. Fein: 57-09310093, a significant transferor 1. Name and employer identification number of the transferee corporation: inspirational holdings, inc. Fein: 34-2018804 2.date(s) of transfer(s) of assets: december 31, 2013 3.aggregate fair market value and basis of property transferred: fair market value: $118,150,000; basis: $22,549,097 4.date and control number of private letter ruling(s) issued by the irs in connection with the exchange: no plrs were issued by the irs in connection with the exchange”