Hello everyone,

 

concerning this topic I wish to give the opportunity, to  all newcomers on this board

to  give a GLANCE, at the financial empire of the WTBS Inc.

 

But before,  let's have some of the reminders so often used by the WTBS Inc.

 

 

 

 

 

 

Ready,....let's go !!!

 

From this link:

 

http://www.freeminds.org/history/wtinnewyork.htm

 

you'll  find  detailed  informations about each  property

 

"Watch Tower Bible & Tract Society ", Brooklyn  New York.-

 

Here are the adresses:

 

 

1***WATCHTOWER BIBLE & T 119 COLUMBIA HEIGHTS BROOKLYN NY 11201 NY N/A

2***WATCHTOWER BIBLE & T 89 HICKS STREET BROOKLYN NY 11201 NY N/A

3***WATCHTOWER BIBLE &TR 169 COLUMBIA HEIGHTS BROOKLYN NY 11201 NY N/A

4**WATCHTOWER BIBLE & T N/A COLUMBIA HEIGHTS BROOKLYN NY 11201 NY N/A

5***WATCHTOWER BIBLE & T N/A FRONT STREET BROOKLYN NY 11201 NY N/A

6**WATCHTOWER BIBLE & T N/A FRONT STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE AND 177 FRONT STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE &TR 50 ORANGE STREET UNIONDALE NY 11553 NY N/A

WATCHTOWER BIBLE & T 29 COLUMBIA HEIGHTS BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE & T 76 WILLOW STREET BROOKLYN NY 11243 NY N/A

WATCHTOWER BIBLE &TR 80 WILLOW STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE & T 90 SANDS STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE AND 200 WATER STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE & T N/A YORK STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE &TR 8 CLARK STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE &TR 161 COLUMBIA HEIGHTS BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE & T 105 WILLOW STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE &T 360 FURMAN STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE-TRA 137 PEARL STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE & T N/A JAY STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE & T 61 ADAMS STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE & T 107 ADAMS STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE-TRA 64 PROSPECT STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE & T 107 COLUMBIA HEIGHTS FLUSHING NY 11378 NY N/A

WATCHTOWER BIBLE & T 34 ORANGE STREET SAINT LOUIS MO 63179 NY N/A

WATCHTOWER BIBLE &TS 67 LIVINGSTON STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE & T N/A FRONT STREET BROOKLYN NY 11201 NY N/A

 

WATCHTOWER BIBLE & T 79 WILLOW STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE & T 183 COLUMBIA HEIGHTS BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE & T 51 YORK STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE-TRA 81 PROSPECT STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE &TR 97 COLUMBIA HEIGHTS CLEVELAND OH 44115 NY N/A

WATCHTOWER BIBLE & T 67 REMSEN STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER BIBLE &TR 86 MONTAGUE STREET BROOKLYN NY 11201 NY N/A

WATCHTOWER 1-299 WATCHTOWER DR WALKHILL, NY NY 12589

WATCHTOWER 2800 RT 22 WALKHILL, NY NY 12589

WATCHTOWER 2851 RT 22 WALKHILL, NY NY 12589

WATCHTOWER N/A RT 311 WALKHILL, NY NY 12589

WATCHTOWER 2721 RT 22 WALKHILL, NY NY 12589

 

 

 

I have made a chart with each individual value but for the sake of space I'm giving , here below, the total value of  LAND  and  BUILDINGS   for all the above adresses:

 

 

 

Note: All the above data are from : USPDR " Property and Information

- the most comprhensive non- government source - for real estate in New York.

 

http://www.uspdr.com/ Consumer/generaldisplay.asp?unikeys

 

 

P.S.  A huge, huge thanks to our friends of FREEMINDS

for this  excellent piece of research and data!!!

(J.C.MacHislopp)

 

00000000000000000000000000000000000000000000

 

 

"The Society's - Australian Branch " - financial reports are available at the following address

 

http://www.angelfire.com/mac/why144000/ausfinances1.pdf

 

 

STATE OF AFFAIRS

 

Changes in the state of affairs of the Society are set out in the review of activities
included in this Annual Report. Significant changes outlined are as follows:

 

* Operating deficit of $2,957,415, changed from a deficit of $490,241 on prior year.

 

* Total assets decreased from $40,670,413 to $38,141,808.

 

* Abnormal write off of inter-branch loans totaled $2,010,439.

 

* Abnormal write off of inventory and receivables $4,198,955.

 

* Cash flows from operations increased

    by 16% to $17,041,559

 

 

 

 

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Pensylvania Reg. # 11-1857820

Year Ended August 31, 1998

 

BALANCE SHEET...............................1998 / 1997

 

Assets

 

Cash and short-term investments........$296,522,535 / 209,383,368

Current receivables......................10,849,287 / 7,078,760

Long-term receivables...................277,421,320 / 267,435,970

Property and equipment..................120,697,680 / 120,547,679

TOTAL ..................................705,130,822 / 604,445,777

Liabilities

Accounts payable & accrued liabilities...$2,414,924 / 794,524

Conditional donations.....................7,489,654 / 8,743,636

Long-term payables.......................61,002,396 / 37,503,266

TOTAL LIABILITIES........................70,906,974 / 47,041,426

 

NET ASSETS.............................$634,223,848 / 604,445,777

 

COMBINED STATEMENT OF REVENUES AND CHANGES IN NET ASSETS

 

Revenues

Donations................................47,443,713 / 54,722,984

Interest.................................24,925,594 / 20,504,081

Kingdom Hall Assistance Fund..............3,218,791 / 3,900,595

Royalties, Rent and Other.................3,519,062 / 2,928,113

TOTAL REVENUES......79,107,160 / 82,055,773

Expenses

 

Kingdom Hall Assistance ..................2,123,945 / 2,485,514

Relief Fund..................................21,182 / 170,507

Convention Fund.................................430 / 0

Administrative Services.....................142,106 / 14,304

TOTAL EXPENSES............................2,287,663 / 2,670,325

 

CHANGE IN NET ASSETS.....................76,819,497 / 79,385,448

 

Net Assets At Beginning of Period.......557,404,351 / 469,616,477

 

Prior period adjustment...........................0 / 8,402,426

 

NET ASSETS AT END OF PERIOD............$634,223,848 557,404,351

 

 

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Comments  on the above from Expatbrit:

 

When a company has greater income than expenses, this is termed a "profit". When a non-profit organisation has greater income than expenses, different terminology is used, along the lines of "excess of revenue over expenditure." Thus a charity can make money hand over fist, but still be a non-profit organisation.

 

There are also different rules between business corporations and non-profit organisations for how these excesses and reserves built up can be employed or distributed. In practical terms for a high-control org. like the Watchtower these rules are nonsense, since whatever the leadership decides about use of funds, the followers will fall into line. I'm quite sure that if Ted Jaracz decided that all the reserves should be paid into his own bank account, the boards of directors, trustees and other officers of the various Watchtower charities would all fall into line.

Real power is not having the money, it's having control of the people who have the money. "

 

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ANNUAL REPORT AND FINANCIAL STATEMENTS

10 Months ended 31 August 2000

Directors and Trustees

Jack Dowson

Ronald Drage – Chairman

Peter Ellis

Bevan Vigo

Secretary
TP Cruse

 

REVIEW OF THE YEAR AND FINANCIAL POSITION

This is the first year for Watch Tower Bible and Tract Society of Britain. On November 1, 1999 all assets and liabilities of the Watch Tower Bible and Tract Society of Pennsylvania were successfully transferred to the Society.

 

The Society received a donation from Watch Tower Bible and Tract Society of Pennsylvania, in the sum of £12,334,861 which was invested immediately. This donation, to be used in connection with the charity’s objects, has boosted the Society’s reserves giving it a good base from which it can assist in financing the relocation of printing facilities owned by International Bible Students Association and used by the Society.

 

Direct charitable expenditure through the year includes the cost of manufacturing and distributing Bibles and Bible study aids at a cost of £4,243,943. Financial support was given to full-time ministers in Britain and overseas in the sum of £394,544. The charity was able to make donations of cash and goods to overseas charities in ninety seven countries, primarily in the developing world totalling £3,624,797 to assist in the worldwide work of Jehovah’s Witnesses, advancing the Christian religion.

STATEMENT OF FINANCIAL ACTIVITIES

10 months ended 31 August 2000

 

 

INCOME

Donations and gifts 17,492,322

Legacies 658,868

Income from literature 5,141,694

Investment income received 1,088,801

TOTAL 24,381,686

RESOURCES EXPENDED

Ministry costs and restricted expenditure 1,838,465

Donations and aid to branches 4,265,945

Expenditure on literature 4,243,943

Support costs 1,800,437

Administration expenses 526,410

Loan interest payable to congregations 364,089

TOTAL 13,399,290

NET INCOMING RESOURCES 10,982,397

Currency exchange rate changes 5,689

Gains on investments 13,514

NET MOVEMENT OF RESOURCES 11,001,600

Fund balances transferred from WTBTS

Pennsylvania Britain Branch 11,582,080

FUND BALANCES CARRIED FORWARD

AT 31 AUGUST 2000 22,583,680

BALANCE SHEET

FIXED ASSETS

Land and buildings 135,950

Plant and machinery 1,653,333

Motor vehicles and trailers 1,047,497

Office equipment 148,322

TOTAL FIXED ASSETS 2,985,102

CURRENT ASSETS

Stocks 2,807,503

Debtors and accrued income 2,461,856

Investments in fixed interest securities 17,496,391

Investments in short term deposits 886,763
Investments – congregation loan deposits 7,859,136

Investments – Kingdom Hall mortgage fund 3,478,326

Deposits in foreign currencies 11,215

Cash at bank and in hand 19,056

TOTAL 35,020,246

 

Creditors falling due within one year 15,421,668

 

NET CURRENT ASSETS 19,598,578

 

TOTAL ASSETS LESS LIABILITIES 22,583,680

 

NOTES TO FINANCIAL STATEMENTS

 

15. Personnel

The Branch has no employees but engages only volunteers and provides them with allowances for personal and other expenses. All travelling ministers and their wives are provided for on the same basis and the total cash allowances and expenses payments to any one person would not exceed £654 in the period. These ministers stay in the homes of congregation members for much of the time. During the period there was an average of 144 persons so engaged. Likewise, all missionaries on special assignment are each paid on the same basis and the total cash allowances and expense payments to any person would not exceed £2,470. During the period there was an average of 82 persons so engaged.

 

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Note:

 

For Great Britain , you can have also  search :

 http://www.charitiesdirect.com/ind

 

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From: http://www.jehovahs-witness.com/6/9137/1.ashx

 

 

Although the Society already owns enough property to provide housing for its high officials, it undertook a mammoth luxury construction project in Patterson, New Jersey.

 

The Patterson Project sits on 684 acres, and cost $50,000,000 dollars in materials alone.

 

All labor was "donated", of course. Factoring in the labor, this project, when completed will be worth over $100,000,000 dollars.

 

 

This property is touted by the WTBS to be a "teaching" and "office" facility, where the Gilead School will be conducted. It also is said to be used to provide temporary housing for the Branch servants and other instructors.

 

Office facility? The WTBS just completed another $35,000,000 office tower a few years ago.

684 acres? Why 684 acres? That is a huge parcel of land and is not needed to facilitate any "teaching".

 

Gilead classes are quite small. There are only 90 or so Branch Servants, and it seems unlikely that all of them would stay on the property at once for any extended length of time. There are only 12 members of the Governing Body and maybe a dozen or two members of the Service and Writing departments at Bethel. The Society already adequately provides for the needs of these persons at Bethel.

 

So, why invest the equivalent of $100,000,000+ for the benefit of so very few people? Why invest this kind of money when all the "needs" this property is supposed to provide are ALREADY provided through existing WTBS property?

 

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http://www.jehovahs-witness.com/11/45749/1.ashx

 

[Taken from Newsday.com, in an article reporting the top-40 New York City corporations.]

[ http://www.newsday.com/business/printedition/ny-cvtop52369349sep17.story?coll=ny%2Dbusiness%2Dprint]

 

Watchtower Bible & Tract Society of New York

25 Columbia Heights, Brooklyn, 11201

718-560-5000

www.jw-media.org

Revenue: $951 million

Industry: Publishing

President: Milton Henschel

Employees: 3,415

It takes a lot of printing to supply more than 6 million Jehovah's Witnesses with the materials

for their ministry. One publication, Watchtower, now has an average print run of 23 million

copies twice per month, an increase of 7.5 percent over last year.

"Our report for the year is different from a Wall Street company," said vice president George

Couch. Indeed, the company's employees are volunteers who live and work in the Brooklyn complex.

 

 

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From this link: http://www.jehovahs-witness.com/6/42278/1.ashx

 

Annual Information Return

for

WATCH TOWER BIBLE AND TRACT SOCIETY OF CANADA

 

Section A. IDENTIFICATION

Section B. DIRECTORS/TRUSTEES

Section C. GENERAL INFORMATION

Section D. FINANCIAL INFORMATION

Section E. FURTHER INFORMATION ON AMOUNTS RECEIVED

Section F. REMUNERATION AND BENEFITS

Section G. POLITICAL ACTIVITIES

Section H. GIFTS TO QUALIFIED DONEES

Section I. EXPENDITURES FOR PROGRAMS OUTSIDE CANADA

 

 

 

Section A. IDENTIFICATION

 

A1 

BN/Registration number

001

119288918RR0001

 

 

Return for fiscal period ended

002

August 31, 2000

 

 

Charity's designation

003

C. Charitable organization 

 

A2 

Did the charity use names other than its legal name for fund-raising or other purposes?

004

Yes

 

A3 

Was the charity an internal division of another registered charity (i.e., it had no governing documents establishing its independent existence)?

006

No

 

A4 

Was the charity linked to a provincial, national, or international organization?

008

Yes

 

A5 

Is this the first return the charity has filed since it was registered?

009

No

 

A6 

Has your charity dissolved, wound-up, or otherwise terminated operations and this is its final return?

010

No

 

A7 

Is the charity a religious organization that meets all the criteria set out in the guide for exemption from completing some sections of the return?

011

No

 

 

 

 

 

Section B. DIRECTORS/TRUSTEES

 

B1 

Number of individuals who served as directors/trustees during the fiscal period

015

008

 

B2 

Number of these directors/trustees who were not at arm's length with each other and with each of the other directors/trustees

016

 

 

B3 

Below is a list of the charity's directors/trustees, with their position with the charity, and their usual occupation or line of business. For directors/trustees who served for only part of a fiscal period, the months he/she served are shown in the last column. In the case of a parish or other religious congregation, the name of the priest, minister, or religious leader in charge is also shown.

 

 

 

Full Name

Position

Occupation or line

of business

Months of service

 

MILTON G HENSCHEL 

PRES 

MINISTER 

012

 

KENNETH LITTLE 

V PRES 

MINISTER 

012

 

ANDRE F RAMSEYER 

SEC/TREAS 

MINISTER 

012

 

JOHN DIDUR 

DIR 

MINISTER 

001

 

ERNEST FUNK 

DIR 

MINISTER 

012

 

 

 

 

 

Section C. GENERAL INFORMATION

 

C1 

Was the charity in active operation during the fiscal period

020

Yes

 

 

PROGRAMS THE SOCIETY CURRENTLY OVERSEES THE SPIRITUAL WELL-BEING OF MORE 111000 PERSONS THAT ARE FULLY DEDICATED AND BAPTIZED MEMBERS OF OVER 1300 CONGREGATIONS OF JEHOVAH'S WITNESSES LOCATED IN ALL PROVINCES. DURING 2000, OVER 185000 PERSONS ASSOCIATED AND ATTENDED AT LEAST SOME PART OF THE MEETINGS ARRANGED AS PART OF THIS EXTENSIVE BIBLE EDUCATIONAL PROGRAMS. THE SOCIETY WORKS WITH THE RELIGIOUS ORDER OF SPECIAL FULL-TIME AND 100000 PART TIME PROCLAIMERS OF THE GOOD NEWS THROUGHOUT CANADA WELL AS SCORES OF .... 

 

 

 

C2 

Were any of these programs in Canada?

021

Yes

 

 

If yes, check the appropriate box to show where the programs were delivered.

022

E. National (throughout Canada) 

 

 

 

C3 

Were any of these programs, directly or indirectly, outside Canada?

023

Yes

 

 

If yes, indicate below in which parts of the world these programs were delivered. Please check as many boxes as applicable.

 

 United States and Mexico

Central America/Caribbean/Antilles

South America

Western Europe

Central and Eastern Europe

Middle East

South Asia

China

Other Asian countries

Eastern and Southern Africa

Northern, Central, and Western Africa

Australia and Pacific

or don't know

 

024

025

026

027

028

029

030

031

032

033

034

035

036 

Yes

 

Yes

 

Yes

 

 

 

Yes

Yes

 

Yes

 

 

C4 

If the charity was designated a public or private foundation (see question A1), was this foundation:

 

 a fund-raising intermediary (e.g., United Way)?

a provider of support for a specific qualified donee?

an employees' charity trust?

a charitable trust of a service club or fraternal society?

 

037

038

039

040 

 

 

 

 

 

C5 

The following indicates in which fields the charity carried on programs to accomplish its charitable purposes and the approximate percentage of time and resources it devoted to the selected fields.

 

 

 

 

Field

Approx % of emphasis

 

 

041 

E2 missionary organizations, evangelism

045 

050%

 

 

042 

E3 religious publishing and broadcasting

046 

050%

 

 

043 

 

047  

 

 

044 

 

048  

 

 

 

 

 

Section D. FINANCIAL INFORMATION

 

Statement of assets and liablilites

Note: If the charity has indicated it's financial statements are available to the public (see line 50 below) and you would like a copy, please contact us.

 

 

 

 

Would you like us to make these separately-attached financial statements available to the public?

050

No

 

 

 

Assets 

 

 

 

 

 

Cash on hand and in bank accounts

051

$ 23,755,217

 

 

Amounts receivable from founders, directors/trustees, employees, members, or individuals and organizations not at arm's length to them

052

 

 

 

Amounts receivable from others

053

$ 24,380,746

 

 

Other investments

054

$ 101,994

 

 

Fixed assets and inventory used in charitable programs

055

$ 46,066,943

 

 

Other fixed assets and inventory

056

 

 

 

Other assets

057

 

 

 

Total assets (add lines 051 to 057)

058

$ 94,304,900

 

Liabilities 

 

 

 

 

 

Contributions, gifts, and grants payable for charitable programs

061

 

 

 

Amounts payable to founders, directors/trustees, employees, members, or individuals and organizations not at arm's length to them

062

 

 

 

Amounts payable to others

063

$ 22,705,692

 

 

Other liabilities

064

 

 

 

Total liabilities (add lines 061 to 064)

065

$ 22,705,692

 

 

Statement of receipts and disbursements

The following financial information was prepared using the following method

099

ACCRUAL

 

 

 

Gifts and grants received this fiscal period 

 

 

 

 

 

Total tax-receipted gifts

100

$ 10,411,953

 

 

Portion of the amount on line 100 that was received from other registered charities

101

 

 

 

Total other gifts

102

$ 13,489,618

 

 

Portion of the amount on line 102 that was received from other registered charities

103

$ 7,530,877

 

 

Government grants

 

 

 

 

Federal

104

 

 

 

Provincial/territorial

105

 

 

 

Municipal

106

 

 

 

Other

107

 

 

 

Total (add lines 104 to 107)

108

 

 

 

 

Amounts received from other sources this fiscal period 

 

 

 

 

 

Memberships not reported above as gifts

109

$ 0

 

 

Rental income (land and buildings)

110

$ 0

 

 

Receipts from governments

111

 

 

 

Other fees and earned income

112

 

 

 

Payments from fund-raising activities not reported above as gifts

113

 

 

 

Interest and dividends

114

$ 1,470,171

 

 

Net realized capital gains (losses)

115

 

 

 

Other income (first source)

116

$ 982,927

 

 

Other income (second source)

117

 

 

 

Total amounts received from all sources (add lines 100, 102, and 108 to 117)

118

$ 26,384,669

 

 

 

Disbursements this fiscal period 

 

 

 

 

 

Operation of charitable programs

 

 

 

 expenditures on charitable work the charity itself carried out

gifts to qualified donees

 

120

121 

$ 38,260,277

$ 23,000

 

 

Management and general administration

122

$ 1,578,311

 

 

Fund-raising

123

 

 

 

Political advocacy, activities

124

 

 

 

Other disbursements (first source)

125

$ 633,711

 

 

Other disbursements (second source)

126

 

 

 

Other disbursements (third source)

127

 

 

 

Total disbursements (add lines 120 to 127)

128

$ 40,495,299

 

 

 

 

 

Section E. FURTHER INFORMATION ON AMOUNTS RECEIVED

 

E1 

Was the charity's total of amounts received (line 118) more than $30,000?

150

Yes

 

 

 

E2 

Did the charity charge fees for, or otherwise receive regular revenue from, any of the following?

 

 

 

 gift shops

bookstores, publications, and tapes

donated clothing, furniture, and other used goods

education, courses, seminars, and conferences

artistic performances, theatre, concerts, and exhibitions

shelter, housing, and rooms

parking

other rentals (e.g., banquet hall, equipment)

housekeeping services

transportation

food, cafeteria services, meals, and catering

medical and health care

counselling

nursery and day care

memberships entitling user to facilities or services (e.g., swimming pool, exercise room)

copyrights, royalties, and licensing agreements

product endorsements

member or donor mailing lists

other sources of revenue

 

151

152

153

154

155

156

157

158

159

160

161

162

163

164

165

 

166

167

168

169 

No

No

No

No

No

No

No

No

No

No

No

No

No

No

No

 

No

No

No

No

 

E3 

What was the resulting gross and net revenue to the charity from the sources listed in question E2?

 

 

 

 

Gross revenue

170

 

 

 

Net revenue

171

 

 

 

 

E4 

Did the charity use any of the following fund-raising methods?

 

 

 

 auctions

mail compaigns (including E-mail)

telephone solicitation

door-to-door canvassing

sales (e.g., cookies, chocolate bars)

collection boxes

advertisements, posters, flyers, and radio and TV commercials

telethons

anonymous donations, loose collections

bingos, casino nights

swim-a-thons, walk-a-thons, bike-a-thons, etc.

draws and lotteries

fund-raising dinners, galas, concerts

tournaments and sports events

other

 

201

202

203

204

205

206

207

208

209

210

211

212

213

214

215 

No

No

No

No

No

No

No

No

No

No

No

No

No

No

No

 

E5 

What was the total amount of funds raised through these activities (i.e., gross revenue)?

230