See all entries for David Cerullo
June 20, 2009
INDIAN LAND, S.C. — A serious blow to a local Christian television network could bring hundreds of thousands of dollars to a struggling county.
For the past eight months, the I-Team has been investigating the Inspiration Network in Lancaster County. We’ve learned the State of South Carolina has rejected the Christian network’s tax-exempt status for its headquarters in Indian Land.
A dazzling display of architecture called the City of Light was paid for with millions of dollars in donations given to the Inspirational Network.
Despite appeals, the State of South Carolina rejected the network’s request for tax-exempt status meaning this fall, the land, buildings and equipment in Indian Land will all be taxed.
The I-Team looked at tax records of the Inspirational Network. In 2007, the network revenue was more than $69 million.
CEO David Cerullo was paid more than $1.5 million. His wife Barbara was paid $150,000 and their kids Ben and Becky are also on the company payroll. …
More, including the story of a couple who got snookered, at WCNC.com.
