A two-part investigative project by the Charlotte Observer looks at the growing paychecks of the family who runs Inspiration Network, which has become one of the world's fastest-growing religious broadcasters largely by repeating an on-air pitch promising God's financial favor to those who donate to the network.
According to the paper, which examined the ministry's IRS filings, CEO David Cerullo is now one of the country's best-paid nonprofit leaders with compensation of more than $1.5 million a year. The paper reported that Cerullo's organization also secured relocation incentives from the government of South Carolina worth up to $26 million but has not fulfilled its development promises.
According to the paper, which examined the ministry's IRS filings, CEO David Cerullo is now one of the country's best-paid nonprofit leaders with compensation of more than $1.5 million a year. The paper reported that Cerullo's organization also secured relocation incentives from the government of South Carolina worth up to $26 million but has not fulfilled its development promises.
Cerullo said he works hard for his salary and has turned down recommendations that he be paid more. He said his appeals to donors are based on God's promises in the Bible, and that 80 cents of every dollar donated is spent to spread the Gospel.
"Ours is an organization based on accountability, based on integrity, based on trust," the 56-year-old minister told the Observer. "We've proven that in the last 18 years over and over again."
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