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Nonprofiteer
← INSPIRATIONAL NETWORK INC

Form 990 for tax year 2024

Filed by INSPIRATIONAL NETWORK INC.

Totals

Total revenue
$35,338,832
Total expenses
$28,273,578
Contributions and grants received
$15,577,306
Grants paid
$14,055
Program service revenue
$2,958,732
Investment income
$12,910,032
Other revenue
$3,892,762
Total assets, end of year
$353,695,239
Total liabilities, end of year
$63,875,678
Net assets or fund balances, end of year
$289,819,561
Program services expenses (Part IX)
$18,644,566
Management and general expenses
$7,567,786
Fundraising expenses
$2,061,226
Program service expenses (Part III)
$18,644,566

Program services were 65.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Charles David Cerullo

    Director / President & CEO

    Total calculated
    $5,039,197
    From this org
    $132,587
    From related orgs
    $4,870,938
    Other
    $35,672
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $116,700 + $4,299,359 related
    Bonus
    $0
    Other
    $15,887 + $571,579 related
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0 + $12,672 related
    Filer's total
    $132,587 + $4,906,610 related

  • Benjamin Cerullo

    Dir/EVP Ministry Outreach/COO Crossr

    Total calculated
    $479,453
    From this org
    $423,892
    From related orgs
    $0
    Other
    $55,561
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $379,760
    Bonus
    $0
    Other
    $44,132
    Deferred
    $23,000
    Nontaxable benefits
    $32,561
    Filer's total
    $479,453

  • Barbara Cerullo

    Dir/EVP Organizational Development

    Total calculated
    $440,282
    From this org
    $0
    From related orgs
    $404,610
    Other
    $35,672
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,173 related
    Bonus
    $0
    Other
    $0 + $49,437 related
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0 + $12,672 related
    Filer's total
    $0 + $440,282 related

  • Albert Denson

    Director

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Doug Preudhomme

    Director

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Raichelle Glover

    Director

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ramon Ardizzone

    Director

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Rebekah Henderson

    Director

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Rick Ray

    Director (END 08/21/24)

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dale S Ardizzone Esq

    General Counsel & Corp Secretary

    Total calculated
    $2,107,412
    From this org
    $0
    From related orgs
    $2,045,925
    Other
    $61,487
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,939,860 related
    Bonus
    $0
    Other
    $0 + $106,065 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $30,987 related
    Filer's total
    $0 + $2,107,412 related

  • Robert I Brace

    CFO & Corp Treasurer

    Total calculated
    $835,359
    From this org
    $0
    From related orgs
    $779,647
    Other
    $55,712
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $743,284 related
    Bonus
    $0 + $2,048 related
    Other
    $0 + $34,315 related
    Deferred
    $0 + $30,499 related
    Nontaxable benefits
    $0 + $25,213 related
    Filer's total
    $0 + $835,359 related

  • David Robertson

    COO, Ministry Outreach & Ops

    Total calculated
    $435,286
    From this org
    $379,573
    From related orgs
    $0
    Other
    $55,713
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $356,965
    Bonus
    $1,624
    Other
    $20,984
    Deferred
    $30,500
    Nontaxable benefits
    $25,213
    Filer's total
    $435,286

  • Gregory Richardson Esq

    SVP Legal & Business Affairs

    Total calculated
    $385,763
    From this org
    $0
    From related orgs
    $330,149
    Other
    $55,614
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,853 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $4,296 related
    Deferred
    $0 + $30,499 related
    Nontaxable benefits
    $0 + $25,115 related
    Filer's total
    $0 + $385,763 related

  • Rebecca Zambrana

    VP Human Resources

    Total calculated
    $266,183
    From this org
    $0
    From related orgs
    $219,006
    Other
    $47,177
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,571 related
    Bonus
    $0
    Other
    $0 + $14,435 related
    Deferred
    $0 + $22,964 related
    Nontaxable benefits
    $0 + $24,213 related
    Filer's total
    $0 + $266,183 related

  • Mark A Kramer EVP

    Media/Tech Services (END 05/31/24)

    Total calculated
    $264,629
    From this org
    $0
    From related orgs
    $227,215
    Other
    $37,414
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,507 related
    Bonus
    $0 + $12,334 related
    Other
    $0 + $32,374 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $6,914 related
    Filer's total
    $0 + $264,629 related

  • Kevin Mills

    VP Organizational Development

    Total calculated
    $255,270
    From this org
    $0
    From related orgs
    $225,551
    Other
    $29,719
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,482 related
    Bonus
    $0
    Other
    $0 + $27,069 related
    Deferred
    $0 + $20,388 related
    Nontaxable benefits
    $0 + $9,331 related
    Filer's total
    $0 + $255,270 related

  • John Erick Roos EVP

    Comm. & Research (END 06/07/24)

    Total calculated
    $229,694
    From this org
    $0
    From related orgs
    $206,529
    Other
    $23,165
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,189 related
    Bonus
    $0 + $3,248 related
    Other
    $0 + $5,092 related
    Deferred
    $0 + $13,013 related
    Nontaxable benefits
    $0 + $10,152 related
    Filer's total
    $0 + $229,694 related

  • Robert Dickson

    VP Partner Relations

    Total calculated
    $207,813
    From this org
    $165,272
    From related orgs
    $0
    Other
    $42,541
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $154,199
    Bonus
    $0
    Other
    $11,073
    Deferred
    $23,000
    Nontaxable benefits
    $19,541
    Filer's total
    $207,813

  • Lisa Jo Mouradian

    VP Ministry Comm & Ops

    Total calculated
    $175,766
    From this org
    $122,351
    From related orgs
    $0
    Other
    $53,415
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $117,260
    Bonus
    $0
    Other
    $5,091
    Deferred
    $23,000
    Nontaxable benefits
    $30,415
    Filer's total
    $175,766

  • Melissa Thorton

    VP Corporate Communications

    Total calculated
    $155,415
    From this org
    $0
    From related orgs
    $136,343
    Other
    $19,072
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,159 related
    Bonus
    $0
    Other
    $0 + $3,184 related
    Deferred
    $0 + $5,944 related
    Nontaxable benefits
    $0 + $13,128 related
    Filer's total
    $0 + $155,415 related

  • Michael Black VP

    Digital Init. & Mktg. (END 08/09/24)

    Total calculated
    $120,879
    From this org
    $113,107
    From related orgs
    $0
    Other
    $7,772
    Hours/week
    50

  • John Rouda EVP

    Media Ops & Tech

    Total calculated
    $304,041
    From this org
    $0
    From related orgs
    $278,285
    Other
    $25,756
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,864 related
    Bonus
    $0
    Other
    $0 + $3,421 related
    Deferred
    $0 + $16,234 related
    Nontaxable benefits
    $0 + $9,522 related
    Filer's total
    $0 + $304,041 related

  • William Baysinger Sr Dir

    Media Planning & Syndication

    Total calculated
    $157,884
    From this org
    $135,857
    From related orgs
    $0
    Other
    $22,027
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $130,103
    Bonus
    $3,257
    Other
    $2,497
    Deferred
    $9,546
    Nontaxable benefits
    $12,481
    Filer's total
    $157,884

  • Jacque Thomas

    Director of Facilities

    Total calculated
    $154,336
    From this org
    $120,292
    From related orgs
    $0
    Other
    $34,044
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $112,190
    Bonus
    $3,248
    Other
    $4,854
    Deferred
    $9,929
    Nontaxable benefits
    $24,115
    Filer's total
    $154,336

  • Vernon Johnson

    Director of Security

    Total calculated
    $152,619
    From this org
    $129,598
    From related orgs
    $0
    Other
    $23,021
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $125,563
    Bonus
    $0
    Other
    $4,035
    Deferred
    $21,743
    Nontaxable benefits
    $1,278
    Filer's total
    $152,619

  • Melinda Doster

    Sr. Dir. Print Production & Data Ops

    Total calculated
    $136,862
    From this org
    $119,581
    From related orgs
    $0
    Other
    $17,281
    Hours/week
    50

  • Benny Hyman Dir

    Property Maintenance & Warehouse

    Total calculated
    $128,118
    From this org
    $127,163
    From related orgs
    $0
    Other
    $955
    Hours/week
    50

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
First Class Travel: In accordance with the Company's T&E policy, employees at the VP level and above may fly business class or first class for international flights and on domestic flights in excess of 5 hours. Compliance is strictly enforced and there are no taxable flights. Gross-Up Payments: All employees are evaluated for fringe benefits. The total benefits is grossed up and treated as taxable compensation to the employee. Club Dues: David Cerullo receives club dues. These are reported as a taxable fringe benefit.
Part I, Line 7
Bonuses reported in Schedule J, Part II, column B(ii) were on a discretionary basis.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Inspirational Church Fellowship Inc

    501(c)(3) · Church · SC

    Directly controlled by The Inspirational Network Inc

  • Inspiration Ministries UK

    Broadcasting Religious Programming · UK · controlled entity

    Directly controlled by The Inspirational Network Inc

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Inspirational Holdings Inc & Subsidiaries

    C · Holding Company for broadcasting subsidiaries · NC · 100% owned · share of income $284,795,082 · share of assets $328,323,958 · controlled entity

    Directly controlled by The Inspirational Network Inc

  • CrossRidge Master Associaion

    C · Infrastructure Management · SC · 100% owned · share of income $175,881 · share of assets $100,556 · controlled entity

    Directly controlled by The Inspirational Network Inc

  • Inspirational Network International Spain

    Broadcasting · SP · 100% owned · controlled entity

    Directly controlled by The Inspirational Network Inc

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523199349300322

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