Inspirational Network/ Inspiration Ministries/ INSP 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/16/2020. To update the information in this column, 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:
Corporate Headquarters
3000 WorldReach Drive
Indian Land, SC 29707-9707
Website: www.inspiration.org
Phone: (803) 578-1500
Email: info@insp.com
Organization details
EIN: 570931093
CEO/President: David Cerullo
Chairman: David Cerullo
Board size: 7
Founder:
Year founded: 1990
Tax deductible: Yes
Fiscal year end: De/ce
Member of ECFA: No
Member of ECFA since:
Purpose
* Inspiration Ministries is a ministry which seeks to impact lives for Christ through media, including through its international ministry-based channel and OTT app. * INSP LLC (a related organization/wholly-owned but separate entity), is a general entertainment domestic cable television channel available in approximately 80 million HH which provides a trusted viewing experience with a lineup of exclusive series, timeless Westerns, action-filled dramas, and films focused on adventure and heroic characters. * Media-Comm (a related organization/wholly-owned but separate entity) is a full-service tele-production facility providing uplinking, editing, and studio services for a range of local, regional, and national clients. * CrossRidge (a related organization/wholly-owned but separate entity) is a diversified commercial real estate company. * Imagicomm Entertainment (a related organization/wholly-owned but separate entity) is a distribution company focusing on original films and television series ranging from action and drama to adventure and family entertainment. Imagicomm Entertainment distributes content globally through popular streaming services, through DVDs, and on traditional television outlets. * INSP Films (a related organization/wholly-owned but separate entity) is a production company focusing on creating movies and other projects with strong entertainment value, compelling stories, and memorable characters. Motion pictures produced by INSP Films are distributed by Imagicomm Entertainment.
Mission statement
Inspiration Ministries - To impact 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.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Radio/ TV Stations
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 892 of 913 | 30 of 30 |
| Fund acquisition rating | | 752 of 915 | 25 of 30 |
| Resource allocation rating | | 870 of 915 | 28 of 30 |
| Asset utilization rating | | 841 of 913 | 28 of 30 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
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 | 6% | 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 ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 63% | 65% | 67% | 67% | 69% |
Spending ratio Spending ratio = Total expenses / Total revenue | 92% | 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 | 8% | 5% | -18% | -18% | -8% | 5% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 8% | 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 ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.50 | 0.20 | 0.27 | 0.24 | 0.23 | 0.27 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.03 | 4.47 | 3.46 | 3.55 | 3.64 | 3.55 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.44 | 0.88 | 0.93 | 0.85 | 0.84 | 0.96 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.73 | 68.65 | 21.75 | 32.95 | 29.76 | 39.85 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.01 | 0.05 | 0.03 | 0.03 | 0.03 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.90 | 13.47 | 12.26 | 13.62 | 13.80 | 12.16 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 4% | 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 | 163% | 503% | 362% | 402% | 418% | 354% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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 assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| 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
Compensation data for this ministry has not been collected.
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 12/16/2020. 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.