Inspirational Network/ Inspiration Ministries/ INSP

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

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Radio/ TV Stations

CategoryRatingOverall rankSector rank
Overall efficiency rating430 of 43914 of 18
Fund acquisition rating365 of 43914 of 18
Resource allocation rating410 of 43913 of 18
Asset utilization rating398 of 43914 of 18

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%14%13%11%14%20%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%12%11%9%9%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%82%81%81%65%21%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%10%10%10%12%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%18%19%19%35%79%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%67%67%69%72%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%118%108%95%73%56%
Program output ratio Program output ratio =
Program services /
Total revenue
81%79%73%66%53%45%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-18%-8%5%27%44%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-4%-2%2%10%58%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%23%23%21%15%12%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.270.240.230.270.270.68
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.543.553.643.554.153.51
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.450.850.840.961.142.39
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.0532.9529.7639.8542.5222.22
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.030.030.030.020.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.0713.6213.8012.1610.284.80
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%3%4%4%4%8%
Debt ratio Debt ratio =
Debt /
Total assets
0%2%2%3%3%4%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%402%418%354%348%136%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$38,768,411$38,940,136$38,031,228$32,248,125$25,066,279
Receivables, inventories, prepaids$2,091,258$2,339,405$2,567,170$3,174,202$13,678,926
Short-term investments$14,943$14,296$22,030$23,135$24,201
Other current assets$0$0$0$0$0
Total current assets$40,874,612$41,293,837$40,620,428$35,445,462$38,769,406
Long-term investments$510,125$290,290$0$0$0
Fixed assets$59,440,190$57,204,146$56,625,274$58,894,374$62,796,703
Other long-term assets$44,431,956$51,486,371$46,765,573$52,731,073$34,543,118
Total long-term assets$104,382,271$108,980,807$103,390,847$111,625,447$97,339,821
Total assets$145,256,883$150,274,644$144,011,275$147,070,909$136,109,227
 
Liabilities20172016201520142013
Payables and accrued expenses$1,240,351$1,180,933$981,548$805,951$1,521,247
Other current liabilities$0$206,850$37,815$27,707$223,290
Total current liabilities$1,240,351$1,387,783$1,019,363$833,658$1,744,537
Debt$3,100,000$3,416,635$3,766,357$4,099,967$4,993,874
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$480,920$487,374$849,105$1,653,287$3,602,883
Total long-term liabilities$3,580,920$3,904,009$4,615,462$5,753,254$8,596,757
Total liabilities$4,821,271$5,291,792$5,634,825$6,586,912$10,341,294
 
Net assets20172016201520142013
Unrestricted$140,435,612$144,982,852$138,376,450$140,483,997$125,767,933
Temporarily restricted$0$0$0$0$0
Permanently restricted$0$0$0$0$0
Net assets$140,435,612$144,982,852$138,376,450$140,483,997$125,767,933
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$24,297,965$26,103,806$33,568,497$35,906,103$35,239,425
Program service revenue$3,790,438$4,636,627$2,207,797$12,040,634$56,347,249
Membership dues$0$0$0$0$0
Investment income$520,332$349,217$4,395,094$6,144,821$44,018,268
Other revenue$1,046,230$1,046,230$1,046,230$1,046,230$30,000,000
Total other revenue$5,357,000$6,032,074$7,649,121$19,231,685$130,365,517
Total revenue$29,654,965$32,135,880$41,217,618$55,137,788$165,604,942
 
Expenses20172016201520142013
Program services$23,468,612$23,362,811$27,107,025$29,231,744$74,757,747
Management and general$8,008,671$7,853,622$8,234,376$6,156,214$10,876,236
Fundraising$3,439,854$3,480,402$3,726,895$5,033,766$6,989,369
Total expenses$34,917,137$34,696,835$39,068,296$40,421,724$92,623,352
 
Change in net assets20172016201520142013
Surplus (deficit)($5,262,172)($2,560,955)$2,149,322$14,716,064$72,981,590
Other changes in net assets$0$0$0$0$0
Total change in net assets($5,262,172)($2,560,955)$2,149,322$14,716,064$72,981,590

Response from ministry

No response has been provided by this ministry.


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


Needs