WATCHTOWER SALES! (page 2)

larc

Some of you asked what they do with all this money. You have to remember, that this is gross income. There is no report of their expenses, so it is not possible to know their profit margin. It quite possible, that they could loose money this year with declining sales and a significant drop in the stock market.

slipnslidemaster

I'm with you Amazing. I'm not sure why or how this would be to the Society's advantage to let this cat out of the bag. As a privately held corporation, they don't need to publish this sort of stuff.

On the other hand, it would seem that they lost a little money.

expatbrit

The figures on the Pennsylvania company are here: http://www.jehovahs-witness.com/forum/thread.asp?id=5455&site=3#64970

The Penn. company has revenue of $79 million and net assets of approx $600 million. The New York company is obviously the biggie, which would explain why it's been so difficult to get hold of financials for it, without actually trying to phone them and ask for a copy. Assuming (right off the top of my head) a 10% net profit %tage, the NY company would accumulate approx. $100 million dollars to it's net assets every year. Confirmation that we are talking about a multi-billion dollar enterprise.

Expatbrit

larc

expatbrit,

You are engaging in SWAG - Scientific Wild Assed Guess. My guess is that they will loose money this year or break even. Most of their assets are tied up in physical plant. With high fixed costs and lower revenue their profit margins will drop. Whatever these profit margins were at their peak, which is an unknown, they are likely to be declining.

Kent

Also, they are shown on the list of "non-government" organizations having a relationship with the UN.

I'm sure you all remember I posted a list a few days ago, showing they had no money at all!!!!!!

Yakki Da

Kent

I need more BOE letters, KMs and other material. Those who can send it to me - please do! The new section will be interesting!!

Daily News On The Watchtower and the Jehovah's Witnesses:
http://watchtower.observer.org

expatbrit

Larc:

You are absolutely correct about the SWAG, which is why I made a point of saying that my figure of 10% was off the top of my head. Based on my experience working with various businessews (I run an accounting firm), any business not consistently making an np% of >10% will not be around for much longer. However, this is just my experience and viewpoint.

Interestingly though, the WT may be about to fall foul of a rule of thumb that is widely accepted: the 80/20 rule. That is, that 80% of your revenue comes from 20% of your customers or clients. 18% of jw's are in North America, and based on this piece of business wisdom, will generate approx. 80% of the wt's revenue. If the decline in North America and Western Europe persists, the reaction of the wt will be interesting to see, as each new third world convert will become an additional net drain on monetary resources. I expect the screw to be put on NA jw's pretty severely over the next couple of years, with less emphasis on gaining third world recruits. Again, that's entirely SWAG on my part!

Expatbrit

Kent

Hi Amazing - check this out!

The watchtower do have a lot of money - if they want to show them. Some times they simply try to say they have NOTHING. Check out this:

I followed the link on the "Support freedom" banner, and checked out "Guidestar". http://www.guidestar.org
A search for "Watchtower", naturally came up with their "charitable" work, and it's really impressive!

Watchtower Bible and Tract Society of Florida, Inc.
900 RED MILLS RD
WALLKILL,NY 12589

Program / Activities
Information currently not available in database
Financial Info
Assets: $0
Income: $0
This organization files an IRS Form 990 or 990-EZ.

----------------------------

Watchtower Bible and Tract Society of New York, Inc.
25 Columbia Hts
Brooklyn,NY 11201
http://www.watchtower.org
Information in this report was supplied by the nonprofit organization within the last two years.

Who We Are
The Watchtower Bible and Tract Society is a non-profit religious organization dedicated to teaching members and others outside the organization about God (Jehovah). We strive to maintain high moral standards that correspond to what Jehovah sees are appropriate. We have houses of worship (Kingdom Halls) in 234 lands around the world.

Program / Activities
Religion Related, Spiritual Development N.E.C.

Location(s) Served
All Countries and Areas of the World (234 Lands)
Contact Info
Tel: (718) 625-3600
[email protected]
Contact: Mr. Aaron Chandler, Baptised Jehovah's Witness

Financial Info
Assets: $0
Income: $0
This organization is not required to file an annual return with the IRS because it is a church.
It makes its audited financial statements available to the public upon request.

Chief Executive: Mr. Milton Henschel
No. of Board Members: 13
No. of Full Time Employees: 0
No. of Part-Time Employees: 0
No. of Volunteers: 0
more about leaders

EIN: 11-1753577
Year Founded: 1879

How to Help
This organization is seeking funds from contributions. These funds will be used for unrestricted operating expenses, special projects and building improvements.

-------------------------------

Charitable Trust Agreement fbo Watchtower Society Louis R And
PO Box 1308
Milwaukee,WI 53201

Program / Activities
Named Trusts/Foundations N.E.C.
Financial Info
Fiscal Year: 1997
Assets: $6,772
Income: $120,397
This organization files an IRS Form 990 or 990-EZ.

------------------------------

Watchtower Bible and Tract Society of New York
318 S Ash
Cortez,CO 81321

Program / Activities
Information currently not available in database
Financial Info
Assets: $0
Income: $0
This organization is not required to file an annual return with the IRS because it is a church.

-------------------------
Watchtower Bible and Tract Society of New York, Inc.
2236 NW 20TH ST
OKLAHOMA CITY,OK 73107

Program / Activities
Information currently not available in database
Financial Info
Fiscal Year: 1999
Assets: $0
Income: $0
This organization files an IRS Form 990 or 990-EZ.

--------------------------------

I bet the help from these "charitable" societies will be huge!

Yakki Da

Kent

I need more BOE letters, KMs and other material. Those who can send it to me - please do! The new section will be interesting!!

Daily News On The Watchtower and the Jehovah's Witnesses:
http://watchtower.observer.org

MacHislopp

Hello Kent,

excellent post. This kind of informations

should be posted, printed everywhere! All R&F should know

these facts and figures.

I have made a conversion in some currencies, to give an

idea of what 951millions of dollares represent for other

nations. Here they are:

$ 951,000,000.= are equivalent to:

Euros ………………….1,033,917,690.=

GBP…………………… 648,659,982.=

DM……………………. 2,022,168,360.=

FB……………………..41,708,102,000.=

ITL……………………2,001,940,590,000.=

SEK……………………...9,983,122,500.=:

GRD……………………352,307,460,000.=

NOK ………………………8,267,613,600.=

ATS ……………………..14,227,055,100.=

NLG ………………………2,278,453,350.=

FIM ……………………….6,147,397,140.=

FRF……………………….6,782,056,550.=

AUD ………………………1,894,049,640.=

CAD ………………………1,491,738,600.=

ESP…………… 172,029,243,000.=

PTE ……………………207,281,862,000.=

DKK………………………7,696,538,100.=

CHF………………………1,535,199,300.=

NZD………………………2,306,574,420.=

MXN…………………….. 8,984,097,000.=

JPY ……………………111,828,090,000.=

HKD……………………….7,417,134,300.=

(Rates taken on the Exchanges Rt. For the
17 september2001 )

Quite a lot of money even for Western Europe!

To Expatbrit: thanks for giving the link
for the Pennsylvania company.

I do think that all these kind of
information should be put together in a
same post!

Kent: I'm surprised about the question,
the post is only days old!! But thanks
for giving the good answer, again.

Greetings, J.C.MacHislopp

MacHislopp

Hello Kent,

should we suggest that the WTS :

Watchtower Bible and Tract Society of New York, Inc.
25 Columbia Hts
Brooklyn,NY 11201
http://www.watchtower.org
Information in this report was supplied by the nonprofit organization within the last two years. "

gives some money for the "N.Y. Firefighters"...for start,

just few millions!

Greetings, J.C.MacHislopp

Kent

I would certainly tell the tax authorities, that this company with zero income, "giving away" their lit(t)erature for nearly a billion a year - should donate a 100 million or so. That would give them some support!

Yakki Da

Kent

I need more BOE letters, KMs and other material. Those who can send it to me - please do! The new section will be interesting!!

Daily News On The Watchtower and the Jehovah's Witnesses:
http://watchtower.observer.org

WATCHTOWER SALES!

Hi Amazing - check this out!

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