Trinity Foundation

(Photo: GFA World, formerly Gospel for Asia, at NRB’s 2021 Convention in Grapevine, Texas. Gospel for Asia has rebranded after facing a series of scandalous accusations and settling a $37 million lawsuit.)

Where have the televangelists gone?

The National Religious Broadcasters (NRB) annual convention was held this year in Grapevine, Texas, which is coincidentally the home of Benny Hinn Ministries.

Some of America’s best known televangelists (James Robison, Robert Morris, Marcus Lamb and Matthew Crouch) have homes within 10 miles of the Gaylord Texan Convention Center, home of the 2021 NRB Convention.

Yet, unsurprisingly, most televangelists and “Christian” TV networks were no-shows at the convention. Daystar Television Network, Inspirational Network and The Word Network stopped being convention exhibitors years ago. The ability to network over the Internet has dramatically reduced the need for in-person communication and the lingering effects of Covid-19 discourage large networking events in 2021.

Continue reading “Televangelists, but not the Religious Right, Abandon Annual National Religious Broadcasters Convention”

If you thought televangelist shoes and watches are expensive, let us introduce you to the extravagant world of ministry aircraft. From the mundane to the exotic, we are tracking trips to ministry events and vacation destinations.

Trinity Foundation recently launched Pastor Planes, an investigative project, with the objective of bringing financial transparency to churches, ministries and Christian universities using privately owned aircraft.

Pastor Planes can be found on Instagram and Twitter.

Trinity Foundation is currently tracking 50 aircraft.

By our calculations, there are days when more than $100,000 is spent on private-jet and charter-jet travel by televangelists, ministry executives and Christian university personnel. In addition to the cost of purchasing or leasing aircraft, jet fuel, pilots’ salaries, inspections, repairs, insurance, landing fees, and hanger fees result in higher travel expenses.

Christian leaders are commanded to be good stewards of resources entrusted to them. 1 Corinthians 4:2 says, ”Moreover, it is required of stewards that they be found trustworthy.”

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(Photo: David Cerullo, president of Inspirational Network)

The accumulation of wealth by prosperity gospel promoting televangelist David Cerullo boggles the mind!

As president of Inspirational Network, David Cerullo has become one of America’s wealthier televangelists—a fact that is obscured by net worth tracking websites severely underestimating Cerullo’s wealth.

Net Worth Post estimates that Cerullo has a net worth of $900,000. Meanwhile, Idol Networth estimates Cerullo’s net worth to be $3.2 million, but neither website reveals how they reached such dubious conclusions.

In 2010, the Charlotte Observer reported, “With compensation exceeding $1.5 million a year, Cerullo is the best-paid leader of any religious charity tracked by watchdog groups.” Eleven years later, Cerullo remains the highest paid executive in MinistryWatch’s 100 Highly Paid Ministry Executives list.

Last week the Internal Revenue Service (IRS) published Inspirational Network’s 2019 Form 990, a financial disclosure document revealing total revenue, total expenses, and compensation of key employees. It shows that Cerullo received more than $3 million in 2019 bonuses, pushing total compensation to $7,319,371 for the year.

To create a big picture view of this ministry’s compensation, Trinity Foundation compiled a compensation spreadsheet of Cerullo, other family members working for the TV network and Dale Ardizzone, the network’s attorney.

Continue reading “Televangelist Receives at Least $41 Million in Compensation in 12 Years”

Matthew Crouch, president of Trinity Broadcasting Network (TBN) has launched a massive restructuring of the world’s largest religious TV network.

Financial disclosure documents published last week on the Internal Revenue Service (IRS) website report that Trinity Christian Center of Santa Ana (TCCSA), long the parent organization of TBN, and other affiliated organizations transferred $860,132,250 in assets to Trinity Broadcasting of Texas in 2019.

The Texas-based non-profit also reported $30 million in donations, $24 million in revenue from selling airtime, and $17 million of investment income. Total revenue for the year was $933,330,134!

In 2020, Trinity Broadcasting of Texas received a Paycheck Protection Program (PPP) forgivable loan of $3,308,005.  Congress authorized the Small Business Administration to create the program to help small businesses retain employees during the Covid-19 pandemic.

While applying for the PPP loan, applicants were required to certify the following statement: “Current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.”

Was this loan necessary to guarantee ongoing operations? Trinity Broadcasting of Texas began 2020 with $878 million worth of net assets. Should a non-profit this large qualify for a loan for small businesses?

Trinity Broadcasting of Texas was able to qualify for the loan because it had less than 500 employees.

Continue reading “Trinity Broadcasting of Texas Obtains PPP Loan After Receiving $933 Million”

Televangelist Ernest Angley, pastor of Grace Cathedral in Cuyahoga Falls, Ohio, died last week at 99 years of age.

Controversy surrounded the prosperity gospel preaching faith healer.

A former church member told The Akron Beacon Journal that Angley said, “It’s against God’s will for anyone to have a child.” The newspaper reported pregnant church members were pressured to have abortions and men were pressured to get vasectomies. Angley also reportedly inspected genitals of male church members.

In 2004, Angley created a shell corporation in Aruba named Crestwind Aviation to acquire a Boeing 747SP jet, one of the largest televangelist jets in the world. Its only known rival would be an Airbus used by Eduardo Manalo’s Iglesia ni Cristo. Angley’s jet would be used a couple of times a year for mission trips to Africa.

Crestwind Aviation shows up in the Offshore Leaks Database, which raises an important question for Trinity Foundation investigators. Did Angley engage in international money laundering? Aruba was a hub for this activity.

In 2019, the Akron Beacon Journal reported, “Add in landing fees, maintenance and other related costs and, if Angley takes three trips a year averaging 16,000 miles round trip, the annual operating cost is about $2.16 million.” The jet was estimated to have cost $26 million when it was purchased. Before the jet was sent to an airplane graveyard, it cost $240,000 to fill the jet’s gas tanks.

Video of the jet, which Angley named Star Triple Seven, can be viewed on YouTube.

In his autobiography Hurry Friday! Angley wrote,”Thousands attend my services in other countries, acres and acres of people in one service. Thousands are saved, healed, delivered and baptized in the Holy Ghost. From all manner of death diseases they are delivered, including HIV/AIDS. Medical evidence proves they are healed.”

If Angley could really heal people of AIDS, why didn’t he perform healing services in hospitals?

Instead, Angley became comedy fodder for comedians, talk show hosts and documentaries as Angley would repeatedly say the word “heal” with a weird accent.

Sadly, Angley’s legacy is no laughing matter. Please join us in praying for the emotional and spiritual wellbeing of Angley’s victims, family, friends and church members.

 

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One of televangelist Benny Hinn’s financial secrets was revealed in a recent court ruling: The prosperity gospel is not working for Hinn. World Healing Center Church (WHCC), better known as Benny Hinn Ministries, has been struggling with debt for 15 years.

In an April 7^th United States District Court ruling, Judge Alvin Hellerstein granted summary judgment on behalf of Mail America Communications Inc. which sued WHCC for breach of contract. Before the lawsuit was filed in September 2018, WHCC owed the direct mail company $2,993,221.74.

Judge Hellerstein also required WHCC to pay 4% interest on the unpaid balance and attorney’s fees.

The judge’s amended order provides insight into the finances of Hinn’s organization and confirms rumors that Trinity Foundation investigators have heard though the grapevine. Hellerstein wrote, “For nearly 15 years, Defendant had been falling behind its payment obligations, with over $5.6 million in arrears by early 2012.”

WHCC’s spending priorities are to pay ministry executives first and vendors last, according to an anonymous informant. Continue reading “Judge Reveals Televangelist Benny Hinn’s Dark Financial Secret”

The Crime

After pleading guilty to embezzling church funds, Lara Ford, former business manager and staff services manager at Fellowship Church in Grapevine, Texas, has been sentenced to ten years in prison with the opportunity for early release after serving six months.

An August 26, 2019 updated police report indicated a “total loss of $1,377,14.76” … but the total continued to grow as the investigation continued. Ford’s attorney Lex Johnson told The Roys Report that more than $1.6 million was stolen.

According to the police report, Ford “made transfers to her own checking accounts once or twice a month for the past 7 to 8 years. The amounts were reportedly between $1500 and $1700.”

Ford used Automated Clearing House to transfer at least $363,834 from the church’s Allaso Ranch account and $324,313 from another church account to her personal bank accounts. The thefts were disguised as payments to vendors and refunds for children unable to attend the church camp.

Ford also stole cash from offerings and embezzled money from the church’s housing allowance account, which raises additional questions. According to the police report, Fellowship Church used Automatic Data Processing LLC (ADP) to manage “some of the church’s payroll, mainly the housing allowance about 30 employees receive.”

Is the clergy housing allowance being abused? Are non-clergy employees receiving housing allowances?

Continue reading “Failure of Oversight: Finance Manager Steals $1.6 Million from Fellowship Church”