Inspirational Network / Inspiration Ministries

The information on this page was last updated 7/13/2022. If you see errors or omissions, please email: info@ministrywatch.com


Summary

The Inspirational Network, Inc. (dba "Inspiration Ministries") is a non-profit religious organization which operates a ministry and several wholly-owned subsidiaries and related organizations.

The Inspirational Network, Inc. / Inspiration Ministries is a media based ministry that produces and distributes inspirational content through an international faith-based channel (Inspiration TV), an OTT app, and various print materials, social media outlets, and web sites. Wholly-owned subsidiaries and related organizations include INSP LLC (a domestic, commercial, general entertainment television network), Media-Comm (a tele-production facility), CrossRidge (a real estate development company), INSP Films (a movie production company) and Imagicomm Entertainment (a content distribution company). The parent non-profit "Inspiration Ministries" and its wholly-owned subsidiary/related organization "INSP LLC", have separate employees and officers.


Contact information

Mailing address:
Inspirational Network
PO Box 7750
Charlotte, NC 28241

Website: inspiration.org

Phone: 803-578-1899

Email: prayer@inspiration.org


Organization details

EIN: 570931093

CEO/President: David Cerullo

Chairman: David Cerullo

Board size: 7

Founder:

Ruling year: 1994

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Our purpose is to cover the earth with the knowledge of the glory of the Lord as the waters cover the seas.

Our vision is to shine the light of the Gospel on every continent, in every major language group, through every form of technology.


Mission statement

Impacting People for Christ Worldwide Through Media.


Statement of faith

We believe that both Old and New Testaments constitute the Divinely-Inspired Word of God, which is inerrant in the originals.

We believe in one God existing eternally in three persons, Father, Son, and Holy Spirit.

We believe that the Lord Jesus Christ, the Son of God, became man without ceasing to be God, in order that He might reveal God and redeem sinful men.

We believe that the Holy Spirit came forth from the Father and the Son to convict the world of sin, of righteousness and of judgment; and to regenerate, sanctify, comfort, and seal those who believe in Jesus Christ.

We believe that man is totally depraved, in that of himself, he is utterly unable to remedy his lost condition.

We believe that salvation is the gift of God, that salvation is available to every person by grace, and that salvation is received by personal faith in the Lord Jesus Christ, whose atoning Blood was shed on the Cross for the forgiveness of sins.

We believe in the water baptism of Believers, symbolizing the Believer's union in the death and Resurrection of Jesus Christ.

We believe in the observance of the Lord's Supper commemorating the sacrifice of our Savior for all mankind.

We believe the life of the Believer is to be separated from the world by consistent conduct before God and man, and is to be in the world as a life-giving light.

We believe in the personal, visible, and bodily return of the Lord Jesus Christ.

Donor confidence score

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Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Radio/ TV Stations

CategoryRatingOverall rankSector rank
Overall efficiency rating1018 of 103132 of 32
Fund acquisition rating880 of 103325 of 32
Resource allocation rating977 of 103329 of 32
Asset utilization rating960 of 103130 of 32

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%13%14%14%13%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%10%12%12%11%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%78%82%82%81%81%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%11%10%10%10%10%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%22%18%18%19%19%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%63%65%67%67%69%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%95%118%118%108%95%
Program output ratio Program output ratio =
Program services /
Total revenue
73%60%76%79%73%66%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%5%-18%-18%-8%5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%1%-4%-4%-2%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
14%27%25%23%23%21%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.540.200.270.240.230.27
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.914.473.463.553.643.55
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.250.880.930.850.840.96
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.9968.6521.7532.9529.7639.85
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.010.050.030.030.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
8.9913.4712.2613.6213.8012.16
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
5%1%2%3%4%4%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%2%2%3%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
158%503%362%402%418%354%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$38,507,619$34,115,674$38,768,411$38,940,136$38,031,228
Receivables, inventories, prepaids$2,073,349$2,314,361$2,091,258$2,339,405$2,567,170
Short-term investments$3,841,135$3,435,379$14,943$14,296$22,030
Other current assets$0$0$0$0$0
Total current assets$44,422,103$39,865,414$40,874,612$41,293,837$40,620,428
Long-term investments$59,637,158$0$510,125$290,290$0
Fixed assets$53,445,658$57,611,089$59,440,190$57,204,146$56,625,274
Other long-term assets$41,144,184$40,538,275$44,431,956$51,486,371$46,765,573
Total long-term assets$154,227,000$98,149,364$104,382,271$108,980,807$103,390,847
Total assets$198,649,103$138,014,778$145,256,883$150,274,644$144,011,275
 
Liabilities20192018201720162015
Payables and accrued expenses$637,570$1,593,371$1,240,351$1,180,933$981,548
Other current liabilities$9,524$239,524$0$206,850$37,815
Total current liabilities$647,094$1,832,895$1,240,351$1,387,783$1,019,363
Debt$0$0$3,100,000$3,416,635$3,766,357
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,689,402$1,323,772$480,920$487,374$849,105
Total long-term liabilities$1,689,402$1,323,772$3,580,920$3,904,009$4,615,462
Total liabilities$2,336,496$3,156,667$4,821,271$5,291,792$5,634,825
 
Net assets20192018201720162015
Without donor restrictions$196,312,607$134,858,111$140,435,612$144,982,852$138,376,450
With donor restrictions$0$0$0$0$0
Net assets$196,312,607$134,858,111$140,435,612$144,982,852$138,376,450
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$32,017,853$25,950,000$24,297,965$26,103,806$33,568,497
Program service revenue$3,574,222$3,661,335$3,790,438$4,636,627$2,207,797
Membership dues$0$0$0$0$0
Investment income$3,610,256$995,709$520,332$349,217$4,395,094
Other revenue$1,839,614$1,046,230$1,046,230$1,046,230$1,046,230
Total other revenue$9,024,092$5,703,274$5,357,000$6,032,074$7,649,121
Total revenue$41,041,945$31,653,274$29,654,965$32,135,880$41,217,618
 
Expenses20192018201720162015
Program services$24,440,509$24,186,099$23,468,612$23,362,811$27,107,025
Management and general$10,421,348$9,386,281$8,008,671$7,853,622$8,234,376
Fundraising$4,129,885$3,658,395$3,439,854$3,480,402$3,726,895
Total expenses$38,991,742$37,230,775$34,917,137$34,696,835$39,068,296
 
Change in net assets20192018201720162015
Surplus (deficit)$2,050,203($5,577,501)($5,262,172)($2,560,955)$2,149,322
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,050,203($5,577,501)($5,262,172)($2,560,955)$2,149,322

Compensation

NameTitleCompensation
Charles David CerulloDirector/President & CEO$7,319,371
Dale D Ardizzone EsqGeneral Counsel & Corp Sec$2,415,273
Robert I BraceCFO & Corp Treasurer$942,192
Benjamin CerulloDir/EVP Ministry Outreach/COO Crossridge$762,132
John RoosEVP Corporate Communications &$748,476
Barbara CerulloDir/EVP Employee Engagement & Events$696,620
David RobertsonCOO Ministry Outreach$676,660
Mark KramerEVP Media Operations & Technol$667,130
Greg RichardsonVP Managing Attorney$277,145
Rebecca ZambranaVP Human Resources$194,691
Jack PostellDirector of Security$167,472
Robert DicksonVP Partner Relations$165,051
Ruben LandaProducer III$145,867
Michael BlackDirector, Digital Initiatives$136,461
William BaysingerDirector, Media Planning/Syndic$121,977
Melissa PrinceVP Corporate Communications$117,297
Albert DensonDirector$20,000
Doug PreudhommeDirector$20,000
Larry GerbrandtDirector$20,000
Ramon ArdizzoneDirector$20,000

Compensation data as of: 12/31/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 7/13/2022. To update the information below, please email: info@ministrywatch.com


History

Inspiration Ministries was founded in 1990. Primarily focused on impacting lives for Christ through media, its outreaches include an international ministry channel, websites, OTT app, and other media outlets. In 2014, its domestic channel was reorganized as a for-profit subsidiary, and in 2015, its real estate initiatives were moved to a for-profit LLC.


Program accomplishments

We're a beacon of light to people in more than 200 nations. We cast a wide net into even the darkest and most remote corners of the Earth, bringing Christians together at the foot of the cross.

Impacting the world for Christ. One soul at a time. OVER 4 million souls were brought to Christ through our global Gospel outreach in 2021!

30% of the World's population is persecuted for their belief in Jesus. Our airwaves are transmitted across many persecuted countries, providing a safe avenue of worship to those who could be beaten, imprisoned or even killed because of their faith.


Needs