Yep, another one of those fleecing the flock moments. This Report is from USA Today.
“A religious broadcaster is building a $4 million home in a gated, lakefront community in western South Carolina at the same time that the ministry has cut jobs and reset thermostats in its new headquarters.”
You gotta read this story people. This ministry is expected to reach a revenue of 100 MILLION! Not only have Inspiration Networks laid off workers but they froze wages and canceled contributions to employee 401k’s.
“If they’ve got these kinds of assets, does the state really need to offer … tax breaks?” asked Don Weaver, president of the S.C. Association of Taxpayers.
That’s a good question, Don Weaver. I am all for the tax-exempt status to be withdrawn from non-profits.
CEO David Cerullo’s new house includes more than 9,000 heated square feet, along with a 2,000-square-foot screened porch . . . And it’s shaping up to be one of the priciest houses in western South Carolina. On Realtor.com, just two homes in the greater Greenville area are on the market for more than $4 million.