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Nonprofiteer
← INSPIRATIONAL NETWORK INC

Form 990 for tax year 2023

Filed by INSPIRATIONAL NETWORK INC.

Totals

Total revenue
$43,305,591
Total expenses
$32,250,890
Contributions and grants received
$20,715,432
Grants paid
$86,057
Program service revenue
$4,049,468
Investment income
$14,753,714
Other revenue
$3,786,977
Total assets, end of year
$327,429,277
Total liabilities, end of year
$45,227,901
Net assets or fund balances, end of year
$282,201,376
Program services expenses (Part IX)
$20,805,272
Management and general expenses
$8,888,201
Fundraising expenses
$2,557,417
Program service expenses (Part III)
$20,805,272

Program services were 64.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $20,715,432

  • 2a · Program service revenue: Long Form (Ministry)

    total $2,190,135 · related or exempt $2,190,135

  • 2b · Program service revenue: Other Program Service

    total $1,682,202 · related or exempt $1,682,202

  • 2c · Program service revenue: CrossRidge Cafe

    total $168,351 · related or exempt $168,351

  • 2d · Program service revenue: Streaming Revenue

    total $8,780 · related or exempt $8,780

  • 3 · Investment income

    total $12,813,955 · excluded $12,813,955

  • 5 · Royalties

    total $4,703 · excluded $4,703

  • 6a · Gross rents

    real property $3,363,670 · personal property $413,604

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $3,363,670 · personal property $413,604

  • 6d · Net rental income or loss

    total $3,777,274 · unrelated business $3,777,274

  • 7a · Gross sales of assets other than inventory

    other assets $3,750,400

  • 7b · Less cost or other basis and sales expenses

    other assets $1,810,641

  • 7c · Gain or loss

    other assets $1,939,759

  • 7d · Net gain or loss

    total $1,939,759 · excluded $1,939,759

  • 11a · Other revenue: Management Fee

    total $5,000 · unrelated business $5,000

  • 11e · Other revenue, total

    $5,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,057 · program services $36,057

  • 3 · Grants to foreign organizations and individuals

    total $50,000 · program services $50,000

  • 5 · Compensation of officers, directors and key employees

    total $1,374,583 · program services $1,237,124 · management and general $41,238 · fundraising $96,221

  • 7 · Other salaries and wages

    total $7,838,704 · program services $3,305,918 · management and general $4,302,238 · fundraising $230,548

  • 8 · Pension plan contributions

    total $193,597 · program services $103,252 · management and general $90,345

  • 10 · Payroll taxes

    total $626,177 · program services $304,544 · management and general $299,621 · fundraising $22,012

  • 12 · Advertising and promotion

    total $1,005,828 · program services $902,923 · management and general $5,737 · fundraising $97,168

  • 13 · Office expenses

    total $512,974 · program services $27,309 · management and general $484,389 · fundraising $1,276

  • 14 · Information technology

    total $529,629 · program services $22,725 · management and general $506,819 · fundraising $85

  • 16 · Occupancy

    total $542,264 · program services $84,544 · management and general $453,216 · fundraising $4,504

  • 17 · Travel

    total $95,591 · program services $71,732 · management and general $17,948 · fundraising $5,911

  • 19 · Conferences, conventions and meetings

    total $51,037 · program services $4,825 · management and general $46,055 · fundraising $157

  • 22 · Depreciation, depletion and amortization

    total $2,253,267 · program services $2,106,557 · management and general $146,710

  • 23 · Insurance

    total $1,363,407 · program services $456,745 · management and general $903,063 · fundraising $3,599

  • 24a · Other expenses: Digital signal service

    total $7,665,843 · program services $6,131,842 · fundraising $1,534,001

  • 24b · Other expenses: Contract service and la

    total $5,099,539 · program services $3,659,853 · management and general $1,084,486 · fundraising $355,200

  • 24c · Other expenses: Production, printing, a

    total $1,932,505 · program services $1,726,112 · management and general $16,037 · fundraising $190,356

  • 24d · Other expenses: Federal excise tax

    total $21,607 · management and general $21,607

  • 24e · All other expenses

    total $1,058,281 · program services $573,210 · management and general $468,692 · fundraising $16,379

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,727,994 · end of year $16,068,698

  • 2 · Savings and temporary cash investments

    beginning of year $60,425,594 · end of year $61,448,042

  • 4 · Accounts receivable

    beginning of year $356,797 · end of year $728,108

  • 8 · Inventories for sale or use

    beginning of year $593,221 · end of year $784,066

  • 9 · Prepaid expenses and deferred charges

    beginning of year $987,577 · end of year $984,756

  • 10a · Land, buildings and equipment: cost or other basis

    $132,042,690

  • 10b · Land, buildings and equipment: accumulated depreciation

    $58,369,659

  • 10c · Land, buildings and equipment, net

    beginning of year $71,793,883 · end of year $73,673,031

  • 11 · Investments: publicly traded securities

    beginning of year $5,676,124 · end of year $6,542,515

  • 13 · Investments: program-related

    beginning of year $117,287,998 · end of year $117,287,998

  • 15 · Other assets

    beginning of year $39,357,119 · end of year $49,912,063

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,223,845 · end of year $42,500,895

  • 25 · Other liabilities

    beginning of year $1,455,519 · end of year $2,727,006

  • 27 · Net assets without donor restrictions

    beginning of year $270,526,943 · end of year $282,201,376

Mission and programs · 2023

Mission

Impacting people for Christ worldwide through media.

  • The 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.

    Expenses $20,805,272 · Grants $86,057 · Revenue $4,049,468

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles David Cerullo

    Director / President & CEO

    Total calculated
    $5,425,948
    From this org
    $127,488
    From related orgs
    $5,263,604
    Other
    $34,856
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $113,910 + $4,707,543 related
    Bonus
    $0 + $5,120 related
    Other
    $13,578 + $550,941 related
    Deferred
    $0 + $22,500 related
    Nontaxable benefits
    $0 + $12,356 related
    Filer's total
    $127,488 + $5,298,460 related

  • Barbara Cerullo

    Dir/EVP Organizational Development

    Total calculated
    $443,896
    From this org
    $0
    From related orgs
    $409,040
    Other
    $34,856
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $356,816 related
    Bonus
    $0
    Other
    $0 + $52,224 related
    Deferred
    $0 + $22,500 related
    Nontaxable benefits
    $0 + $12,356 related
    Filer's total
    $0 + $443,896 related

  • Benjamin Cerullo

    Dir/EVP Ministry Outreach/COO Crossr

    Total calculated
    $441,308
    From this org
    $393,434
    From related orgs
    $0
    Other
    $47,874
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $382,602
    Bonus
    $0
    Other
    $10,832
    Deferred
    $22,500
    Nontaxable benefits
    $25,374
    Filer's total
    $441,308

  • 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

    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
    $2,362,151
    From this org
    $0
    From related orgs
    $2,301,777
    Other
    $60,374
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,218,515 related
    Bonus
    $0
    Other
    $0 + $83,262 related
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $30,374 related
    Filer's total
    $0 + $2,362,151 related

  • Robert I Brace

    CFO & Corp Treasurer

    Total calculated
    $734,018
    From this org
    $0
    From related orgs
    $679,489
    Other
    $54,529
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $651,860 related
    Bonus
    $0
    Other
    $0 + $27,629 related
    Deferred
    $0 + $29,999 related
    Nontaxable benefits
    $0 + $24,530 related
    Filer's total
    $0 + $734,018 related

  • David Robertson

    COO, Ministry Outreach & Operations

    Total calculated
    $453,063
    From this org
    $396,487
    From related orgs
    $0
    Other
    $56,576
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $366,193
    Bonus
    $0
    Other
    $30,294
    Deferred
    $30,000
    Nontaxable benefits
    $26,576
    Filer's total
    $453,063

  • Mark A Kramer

    EVP Media Ops & Technology Services

    Total calculated
    $424,702
    From this org
    $0
    From related orgs
    $383,017
    Other
    $41,685
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,775 related
    Bonus
    $0
    Other
    $0 + $8,242 related
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $11,685 related
    Filer's total
    $0 + $424,702 related

  • John Erick Roos

    EVP Corp Communications & Research

    Total calculated
    $397,611
    From this org
    $0
    From related orgs
    $345,646
    Other
    $51,965
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,852 related
    Bonus
    $0
    Other
    $0 + $54,794 related
    Deferred
    $0 + $28,548 related
    Nontaxable benefits
    $0 + $23,417 related
    Filer's total
    $0 + $397,611 related

  • Gregory Richardson Esq

    SVP Legal & Business Affairs

    Total calculated
    $384,432
    From this org
    $0
    From related orgs
    $329,401
    Other
    $55,031
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $320,059 related
    Bonus
    $0
    Other
    $0 + $9,342 related
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $25,031 related
    Filer's total
    $0 + $384,432 related

  • Rebecca Zambrana

    VP Human Resources

    Total calculated
    $271,686
    From this org
    $0
    From related orgs
    $225,670
    Other
    $46,016
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,262 related
    Bonus
    $0
    Other
    $0 + $17,408 related
    Deferred
    $0 + $22,486 related
    Nontaxable benefits
    $0 + $23,530 related
    Filer's total
    $0 + $271,686 related

  • Robert Dickson

    VP Partner Relations

    Total calculated
    $206,885
    From this org
    $165,576
    From related orgs
    $0
    Other
    $41,309
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $156,165
    Bonus
    $0
    Other
    $9,411
    Deferred
    $21,882
    Nontaxable benefits
    $19,427
    Filer's total
    $206,885

  • Michael Black

    VP Digital Initiatives & Marketing

    Total calculated
    $179,013
    From this org
    $167,581
    From related orgs
    $0
    Other
    $11,432
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $163,431
    Bonus
    $1,082
    Other
    $3,068
    Deferred
    $9,836
    Nontaxable benefits
    $1,596
    Filer's total
    $179,013

  • Lisa Jo Mouradian

    VP Inspiration TV & Inspiration TV on Demand

    Total calculated
    $177,724
    From this org
    $124,016
    From related orgs
    $0
    Other
    $53,708
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $120,826
    Bonus
    $0
    Other
    $3,190
    Deferred
    $22,500
    Nontaxable benefits
    $31,208
    Filer's total
    $177,724

  • Melissa Thorton

    VP Corporate Communications

    Total calculated
    $164,507
    From this org
    $0
    From related orgs
    $142,989
    Other
    $21,518
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,965 related
    Bonus
    $0 + $2,500 related
    Other
    $0 + $5,524 related
    Deferred
    $0 + $8,762 related
    Nontaxable benefits
    $0 + $12,756 related
    Filer's total
    $0 + $164,507 related

  • Angela York

    Director of Facilities

    Total calculated
    $153,853
    From this org
    $140,951
    From related orgs
    $0
    Other
    $12,902
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $124,420
    Bonus
    $0
    Other
    $16,531
    Deferred
    $12,285
    Nontaxable benefits
    $617
    Filer's total
    $153,853

  • William Baysinger

    Sr Director, Media Planning & Syndication

    Total calculated
    $152,128
    From this org
    $131,064
    From related orgs
    $0
    Other
    $21,064
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $126,153
    Bonus
    $0
    Other
    $4,911
    Deferred
    $9,385
    Nontaxable benefits
    $11,679
    Filer's total
    $152,128

  • Mark Queen

    Sr Director Ministry Media

    Total calculated
    $151,453
    From this org
    $129,407
    From related orgs
    $0
    Other
    $22,046
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $125,328
    Bonus
    $1,624
    Other
    $2,455
    Deferred
    $7,072
    Nontaxable benefits
    $14,974
    Filer's total
    $151,453

  • Beatrice Harris

    Producer III

    Total calculated
    $148,674
    From this org
    $129,567
    From related orgs
    $0
    Other
    $19,107
    Hours/week
    50

  • Ruben Landa

    Producer III

    Total calculated
    $131,939
    From this org
    $124,681
    From related orgs
    $0
    Other
    $7,258
    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

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
  • 7 · Other non-fixed payments
  • 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'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.

  • CrossRidge Center

    Property Development · DE · income $2,048,505 · assets $37,310,421

    Directly controlled by The Inspirational Network Inc

  • CrossRidge North

    Property Development · DE · income $0 · assets $43,963

    Directly controlled by The Inspirational Network Inc

  • CrossRidge South

    Property Development · DE · income $0 · assets $15,775,079

    Directly controlled by The Inspirational Network Inc

  • CrossRidge Development

    Property Development · DE · income $0 · assets $47,332

    Directly controlled by The Inspirational Network Inc

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 $330,130,326 · share of assets $430,390,785 · controlled entity

    Directly controlled by The Inspirational Network Inc

  • Inspirational Network International BV

    Broadcasting · NL · 100% owned · share of income $1,411 · share of assets $10,860 · controlled entity

    Directly controlled by The Inspirational Network Inc

  • CrossRidge Master Associaion

    C · Infrastructure Management · SC · 100% owned · share of income $60,200 · share of assets $70,915 · controlled entity

    Directly controlled by The Inspirational Network Inc

  • Inspirational Network International Spain SL

    Broadcasting · SP · 100% owned · controlled entity

    Directly controlled by The Inspirational Network Inc

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349313447

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