Inspirational Network / Inspiration Ministries

The information on this page was last updated 5/9/2023. If you see errors or omissions, please email: [email protected]


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: [email protected]


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 rating1088 of 111229 of 29
Fund acquisition rating868 of 111322 of 29
Resource allocation rating1010 of 111326 of 29
Asset utilization rating1054 of 111228 of 29

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%12%10%11%13%14%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%7%7%9%10%12%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
84%61%67%85%78%82%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%8%8%9%11%10%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
16%39%33%15%22%18%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
78%65%66%66%63%65%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%91%80%106%95%118%
Program output ratio Program output ratio =
Program services /
Total revenue
69%59%53%70%60%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%9%20%-6%5%-18%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%1%3%-1%1%-4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
15%27%25%25%27%25%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.350.120.120.130.200.27
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.863.864.334.274.473.46
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
0.830.450.500.550.880.93
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
16.522.202.285.3668.6521.75
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.450.440.190.010.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
13.8814.5713.3517.8713.4712.26
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%12%11%5%1%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
228%754%767%742%503%362%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$72,153,588$61,087,301$55,189,413$38,507,619$34,115,674
Receivables, inventories, prepaids$1,937,595$1,831,412$2,416,779$2,073,349$2,314,361
Short-term investments$5,676,124$5,949,843$5,790,988$3,841,135$3,435,379
Other current assets$0$0$0$0$0
Total current assets$79,767,307$68,868,556$63,397,180$44,422,103$39,865,414
Long-term investments$117,287,998$127,287,998$127,287,998$59,637,158$0
Fixed assets$71,793,883$70,328,000$55,158,507$53,445,658$57,611,089
Other long-term assets$39,357,119$31,887,250$24,649,249$41,144,184$40,538,275
Total long-term assets$228,439,000$229,503,248$207,095,754$154,227,000$98,149,364
Total assets$308,206,307$298,371,804$270,492,934$198,649,103$138,014,778
 
Liabilities20222021202020192018
Payables and accrued expenses$36,223,845$30,265,244$11,831,815$637,570$1,593,371
Other current liabilities$0$0$0$9,524$239,524
Total current liabilities$36,223,845$30,265,244$11,831,815$647,094$1,832,895
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,455,519$1,888,886$1,573,084$1,689,402$1,323,772
Total long-term liabilities$1,455,519$1,888,886$1,573,084$1,689,402$1,323,772
Total liabilities$37,679,364$32,154,130$13,404,899$2,336,496$3,156,667
 
Net assets20222021202020192018
Without donor restrictions$270,526,943$266,217,674$257,088,035$196,312,607$134,858,111
With donor restrictions$0$0$0$0$0
Net assets$270,526,943$266,217,674$257,088,035$196,312,607$134,858,111
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$23,937,078$29,299,731$27,960,948$32,017,853$25,950,000
Program service revenue$2,382,720$1,853,144$1,414,665$3,574,222$3,661,335
Membership dues$0$0$0$0$0
Investment income$9,545,182$10,106,102$1,257,028$3,610,256$995,709
Other revenue$3,694,562$2,166,918$2,126,047$1,839,614$1,046,230
Total other revenue$15,622,464$14,126,164$4,797,740$9,024,092$5,703,274
Total revenue$39,559,542$43,425,895$32,758,688$41,041,945$31,653,274
 
Expenses20222021202020192018
Program services$23,247,949$22,999,284$22,988,600$24,440,509$24,186,099
Management and general$9,657,558$8,814,345$8,641,536$10,421,348$9,386,281
Fundraising$2,958,485$2,892,952$3,003,967$4,129,885$3,658,395
Total expenses$35,863,992$34,706,581$34,634,103$38,991,742$37,230,775
 
Change in net assets20222021202020192018
Surplus (deficit)$3,695,550$8,719,314($1,875,415)$2,050,203($5,577,501)
Other changes in net assets$0$0$0$0$0
Total change in net assets$3,695,550$8,719,314($1,875,415)$2,050,203($5,577,501)

Compensation

NameTitleCompensation
Charles David CerulloDirector / President & CEO$9,493,507
Dale S Ardizzone EsqGeneral Counsel & Corp Secretary$3,227,671
Robert I BraceCFO & Corp Treasurer$1,152,013
Benjamin CerulloDir/EVP Ministry Outreach/COO Crossridge$859,456
Lisa Jo MouradianVP Inspiration TV & Inspiration TV on Demand$839,956
John Erick RoosEVP Corporate Communications & Research$820,966
David RobertsonCOO, Ministry Outreach & Operations$788,011
Mark A KramerEVP Media Operations & Technology Services$777,461
Barbara CerulloDir/EVP Organizational Development$763,469
Gregory Richardson EsqVP Managing Attorney Legal & Business Affairs$512,993
Rebecca ZambranaVP Human Resources$367,590
Robert DicksonVP Partner Relations$285,357
Michael BlackVP Digital Initiatives & Marketing$245,751
Mark QueenSr Director Ministry Media$212,396
Melissa ThortonVP Corporate Communications$212,386
William BaysingerSr Director, Media Planning & Syndication$205,886
Melinda DosterSr Director, Print Production & Data Operation$178,261
Ruben LandaProducer III$172,279
Jackie PostellDirector of Security$143,278
Albert DensonDirector$10,000
Doug PreudhommeDirector$10,000
Ramon ArdizzoneDirector$10,000
Rick RayDirector$10,000

Compensation data as of: 12/31/2022


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 5/9/2023. To update the information below, please email: [email protected]


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.


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