2024-11-15T13:28:41-06:00 2023-12-31 861065772 Deloitte Tax LLP 111 Monument Circle Suite 4200 Indianapolis IN 462045108 990 2023-01-01 570931093 The Inspirational Network Inc INSP 8035781000 3000 WorldReach Drive Indian Land SC 29707 Robert Brace CFO & Treasurer 8035781000 2024-11-15 1 0 Shawna M Jansons P01222873 3174648600 2023 2024-10-15 13:58:12Z Inspiration Ministries C David Cerullo 3000 WorldReach Drive Indian Land SC 29707 45116232 0 X www.inspiration.org X 1992 NC Impacting people for Christ worldwide through media. 9 3 110 0 3782274 0 23937078 20715432 2382720 4049468 9545182 14753714 3694562 3786977 39559542 43305591 82624 86057 0 0 11413609 10033061 18630 0 2557417 24349129 22131772 35863992 32250890 3695550 11054701 308206307 327429277 37679364 45227901 270526943 282201376 X Impacting people for Christ worldwide through media. 0 0 20805272 86057 4049468 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. 20805272 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 1 95 0 1 110 1 1 1 1 NL UK 0 0 0 1 1 0 0 0 0 1 0 X 9 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC SC X The Corporation 8035781000 3000 WorldReach Drive Indian Land SC 29707 Charles David Cerullo Director / President & CEO 5.00 45.00 X X 127488 5263604 34856 Barbara Cerullo Dir/EVP Organizational Development 5.00 45.00 X X 0 409040 34856 Benjamin Cerullo Dir/EVP Ministry Outreach/COO Crossr 50.00 0.00 X X 393434 0 47874 Albert Denson Director 2.00 0.00 X 20000 0 0 Doug Preudhomme Director 2.00 0.00 X 20000 0 0 Raichelle Glover Director 2.00 0.00 X 20000 0 0 Ramon Ardizzone Director 2.00 0.00 X 20000 0 0 Rebekah Henderson Director 2.00 0.00 X 20000 0 0 Rick Ray Director 2.00 0.00 X 20000 0 0 Dale S Ardizzone Esq General Counsel & Corp Secretary 5.00 45.00 X 0 2301777 60374 Robert I Brace CFO & Corp Treasurer 5.00 45.00 X 0 679489 54529 David Robertson COO, Ministry Outreach & Operations 50.00 0.00 X 396487 0 56576 Mark A Kramer EVP Media Ops & Technology Services 5.00 45.00 X 0 383017 41685 John Erick Roos EVP Corp Communications & Research 5.00 45.00 X 0 345646 51965 Gregory Richardson Esq SVP Legal & Business Affairs 5.00 45.00 X 0 329401 55031 Rebecca Zambrana VP Human Resources 5.00 45.00 X 0 225670 46016 Robert Dickson VP Partner Relations 50.00 0.00 X 165576 0 41309 Michael Black VP Digital Initiatives & Marketing 50.00 0.00 X 167581 0 11432 Lisa Jo Mouradian VP Inspiration TV & Inspiration TV on Demand 50.00 0.00 X 124016 0 53708 Melissa Thorton VP Corporate Communications 5.00 45.00 X 0 142989 21518 Angela York Director of Facilities 50.00 0.00 X 140951 0 12902 William Baysinger Sr Director, Media Planning & Syndication 50.00 0.00 X 131064 0 21064 Mark Queen Sr Director Ministry Media 50.00 0.00 X 129407 0 22046 Beatrice Harris Producer III 50.00 0.00 X 129567 0 19107 Ruben Landa Producer III 50.00 0.00 X 124681 0 7258 2150252 10080633 694106 15 0 1 0 Edifice LLC PO Box 36349 Charlotte NC 28236 Building Contractor 1349685 Site Services of the Carolinas PO Box 305 Indian Trail NC 28079 Site work 388968 Smith Grounds Management PO Box 2134 Matthews NC 28106 Grounds Maintenance 364543 Potamoi Holdings LLC 412 N 4th St Baton Rouge LA 70802 Conservation Consulting 298808 Environmentalscape PO Box 481153 Charlotte NC 28269 Grounds Maintenance 281091 6 20715432 20715432 Long Form (Ministry) 541800 2190135 2190135 Other Program Service 900099 1682202 1682202 CrossRidge Cafe 900099 168351 168351 Streaming Revenue 900099 8780 8780 4049468 12813955 12813955 4703 4703 3363670 413604 0 0 3363670 413604 3777274 3777274 3750400 1810641 1939759 1939759 1939759 Management Fee 900099 5000 5000 5000 43305591 4049468 3782274 14758417 36057 36057 50000 50000 1374583 1237124 41238 96221 7838704 3305918 4302238 230548 193597 103252 90345 626177 304544 299621 22012 1005828 902923 5737 97168 512974 27309 484389 1276 529629 22725 506819 85 542264 84544 453216 4504 95591 71732 17948 5911 51037 4825 46055 157 2253267 2106557 146710 1363407 456745 903063 3599 Digital signal service 7665843 6131842 1534001 Contract service and la 5099539 3659853 1084486 355200 Production, printing, a 1932505 1726112 16037 190356 Federal excise tax 21607 21607 1058281 573210 468692 16379 32250890 20805272 8888201 2557417 11727994 16068698 60425594 61448042 356797 728108 593221 784066 987577 984756 132042690 58369659 71793883 73673031 5676124 6542515 117287998 117287998 39357119 49912063 308206307 327429277 36223845 42500895 1455519 2727006 37679364 45227901 X 270526943 282201376 270526943 282201376 308206307 327429277 11054701 619732 0 X 0 1 X 1 0 X 27017853 27960948 29299731 23937078 20715432 128931042 27017853 27960948 29299731 23937078 20715432 128931042 128931042 995650 610667 10049296 10158901 12818659 34633173 1890817 2277978 1709188 3784824 3782274 13445081 177009296 13274219 0.72840 0.80210 X Part II, Section A, Line 1, column (c) In 2019, there was a $5,000,000 repayment of debt from a related entity that was incorrectly reported as a contribution. The error has been corrected for the current year. Part II, Section A, Line 5 In 2019, there was a $5,000,000 repayment of debt from a related entity that was incorrectly reported as a contribution. The error has been corrected for the current year. After the correction, there are no excess contributions. 10944366 10944366 47070124 22565619 24504505 7739 2676 5063 8894411 8851503 42908 65126050 26949861 38176189 73673031 Investment in Subsidiary 117287998 F 117287998 Inter-company Receivable - Non-Trade 49100776 Intellectual Property (Trademarks and Copyrights) 514391 Deposits 124459 Program Rights - Long-Term 90419 Program Rights - Current 72401 Advance 5331 Sales Tax Refund 3956 Prepaid Payroll Taxes 330 49912063 Other Accrued Expenses 1852197 Accrued Vacation 408239 Accrued Salaries 215998 Accrued Royalties 213964 Federal Excise Taxes 21813 Gift Annuities 12570 Accrued Sales Commissions 2225 2727006 X 43925323 619732 619732 43305591 0 43305591 32250890 0 32250890 0 32250890 Part X, Line 2: On January 1, 2009, the Company adopted the new provisions of the Income Tax Topic of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC). These provisions clarify the accounting for uncertainty in tax positions and prescribe guidance related to the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The tax benefit from an uncertain tax position is only recognized in the consolidated statements of financial position if the tax position is more likely than not to be sustained upon an examination, based on the technical merits of the position. Interest and penalties, if any, are included in expenses in the consolidated statements of activities. As of December 31, 2023 and 2022, the Company had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. The Company's federal and state income tax returns, with respect to its unrelated business income and the income of its for profit subsidiaries are subject to examination by federal and state authorities in the area of income and franchise tax. The statute of limitations for the tax year ended December 31, 2021 and 2020 expire November 15, 2025 and 2024, respectively. Calendar tax years after that date, 2022 to 2023 are open to federal and state examination. 1 Europe (Including Iceland & Greenland) 3 1 Program Services Programming 1215378 Middle East and North Africa 0 0 Grants 50000 3 1 0 0 3 1 1265378 0 1265378 Middle East and North Africa Provide emergency medical services 50000 Electronic fund/wire transfer 0 1 0 0 1 0 0 0 Part I, Line 2: Grants are only provided to humanitarian organizations that provide aid to those in need. 1 Lancaster Promise PO Box 1023 Lancaster SC 29721 570628085 501(c)(3) 10000 0 Program Support Christian Television Inc PO Box 1456 Lakeside CA 92040 953446953 501(c)(3) 10000 0 Support Christian Television Christian Television Network 6922 142nd Ave Largo FL 33771 770607823 501(c)(3) 10000 0 Support Christian Television 3 Part I, Line 2: Grants are only provided to 501(c)(3) organizations. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Charles David Cerullo Director / President & CEO 113910 4707543 0 5120 13578 550941 0 22500 0 12356 127488 5298460 0 0 Dale S Ardizzone Esq General Counsel & Corp Secretary 0 2218515 0 0 0 83262 0 30000 0 30374 0 2362151 0 0 Robert I Brace CFO & Corp Treasurer 0 651860 0 0 0 27629 0 29999 0 24530 0 734018 0 0 David Robertson COO, Ministry Outreach & Operations 366193 0 0 0 30294 0 30000 0 26576 0 453063 0 0 0 Barbara Cerullo Dir/EVP Organizational Development 0 356816 0 0 0 52224 0 22500 0 12356 0 443896 0 0 Benjamin Cerullo Dir/EVP Ministry Outreach/COO Crossr 382602 0 0 0 10832 0 22500 0 25374 0 441308 0 0 0 Mark A Kramer EVP Media Ops & Technology Services 0 374775 0 0 0 8242 0 30000 0 11685 0 424702 0 0 John Erick Roos EVP Corp Communications & Research 0 290852 0 0 0 54794 0 28548 0 23417 0 397611 0 0 Gregory Richardson Esq SVP Legal & Business Affairs 0 320059 0 0 0 9342 0 30000 0 25031 0 384432 0 0 Rebecca Zambrana VP Human Resources 0 208262 0 0 0 17408 0 22486 0 23530 0 271686 0 0 Robert Dickson VP Partner Relations 156165 0 0 0 9411 0 21882 0 19427 0 206885 0 0 0 Michael Black VP Digital Initiatives & Marketing 163431 0 1082 0 3068 0 9836 0 1596 0 179013 0 0 0 Lisa Jo Mouradian VP Inspiration TV & Inspiration TV o 120826 0 0 0 3190 0 22500 0 31208 0 177724 0 0 0 Melissa Thorton VP Corporate Communications 0 134965 0 2500 0 5524 0 8762 0 12756 0 164507 0 0 Angela York Director of Facilities 124420 0 0 0 16531 0 12285 0 617 0 153853 0 0 0 William Baysinger Sr Director, Media Planning & Syndic 126153 0 0 0 4911 0 9385 0 11679 0 152128 0 0 0 Mark Queen Sr Director Ministry Media 125328 0 1624 0 2455 0 7072 0 14974 0 151453 0 0 0 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. DPC&S Incorporated Board Member is owner 1638255 DPCS processes donations and provides donor database administration services 0 Form 990, Part VI, Section A, line 2 David Cerullo, Director/President and CEO, is the spouse of Barbara Cerullo, Director and EVP Organizational Development. David Cerullo, Director/President and CEO, is also the father of Ben Cerullo, Director, COO CrossRidge Development and EVP Ministry Outreach. David Cerullo, Director/President and CEO, is also the father of Rebekah Henderson, Director. Ramon Ardizzone, Director, is the father of Dale Ardizzone, General Counsel and Corporate Secretary. Form 990, Part VI, Section B, line 11b The Company uses Deloitte Tax, LLP as its outside tax advisors and paid preparer. Information for the Form 990 is gathered by the CFO. The Form 990 is reviewed before submission by the Chairman and Chief Executive Officer as well as the Board of Directors. Form 990, Part VI, Section B, line 12c 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. Form 990, Part VI, Section B, line 15 The Compensation Special Committee is comprised of three disinterested individuals, separate and unaffiliated with the Board, along with one independent Board member. The purpose and scope of authority of Compensation Special Committee includes the review, approval, adoption, and implementation all compensation decisions concerning the CEO and all family members, (all "Disqualified Persons"), including all merit increases. The Compensation Special Committee reviews various industry executive compensation studies, publications, and surveys in connection with making compensation decisions, and it receives advice and guidance from outside counsel. The CEO of the Corporation is not present when the Compensation Special Committee meets and/or renders decisions, and the decisions of the Compensation Special Committee are memorialized in Minutes maintained by outside counsel. Salaries for other Executive & Senior officers of the Corporation, (non-Disqualified Persons), are submitted to the Board for approval each year, and are based on the recommendations of the Corporation's Wage & Salary committee, which annually reviews various industry compensation studies, publications, and national, regional, and local salary surveys. The Executive & Senior officers of the Corporation (non-Disqualified Persons) are not present when the Board reviews and discusses the recommendations of the Wage & Salary committee, including the Corporation's Corporate Secretary who is sequestered from the Board meeting during such discussions. Following the Board's review, its decisions are memorialzied in the Corporation's annual meeting minutes. The compensation approval process was last completed in March 2024. Form 990, Part VI, Section C, line 19 No documents available to the public. 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