WTBS' Financial Empire...the tip of the iceberg!

by MacHislopp 48 Replies latest jw friends

  • MacHislopp
    MacHislopp

    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.

    *** jv 340 21 How Is It All Financed? ***

    "SeatsFree.NoCollections"

    As early as the second issue of the WatchTower, in August 1879, Brother Russell stated: "Zions Watch Tower has, we believe, JEHOVAH for its backer, and while this is the case it will never beg nor petition men for support. When He who says: All the gold and silver of the mountains are mine, fails to provide necessary funds, we will understand it to be time to suspend the publication." Consistent with that, there is no begging for money in the literature of Jehovahs Witnesses "

    *** km 12/87 3 Anticipating the Needs of the Harvest ***

    3 In the September 1983 Our Kingdom Ministry, the point was made that Kingdom Hall construction had not kept pace with the formation of new congregations. Why? The article stated: “Basically the problem is economic. Whereas it is true that some expansion into outlying areas has been difficult or impossible because the brothers have not been able to build or otherwise provide appropriate Kingdom Halls in those areas, the problem the organization faces today primarily is found in the urban areas where property values have skyrocketed to such an extent that individual congregations, including large ones, have been unable to purchase even a site for the construction of a Kingdom Hall. In addition, exorbitant real estate prices have placed existing buildings suitable for conversion into Kingdom Halls out of the reach of the brothers.” The brothers have responded wholeheartedly to this need and many Kingdom Halls have now been constructed in such urban areas.

    *** km 12/88 4 Manifesting Faith by Fine Works ***

    CONGREGATIONS CAN ASSIST

    8 There is much that each congregation can do to support the Kingdom Hall construction program. For instance, congregations contemplating undertaking new construction projects can select a simple design that will neither be costly nor require intensive labor. (Compare Philippians 1:10.) The Society has available a variety of Kingdom Hall plans that are compatible with the method of construction used for quickly built halls. (Please note the December 1986 Our Kingdom Ministry insert, paragraphs 10-12.) While we look forward to Jehovah’s blessing upon our congregations, we must also be practical in our building design so as to meet the need, without placing an unnecessary burden on either the friends or the resources of the Society Kingdom Hall Fund.

    9 Some congregations have included in their Kingdom Hall design a modest apartment that can be used by a traveling overseer while serving in the area. In the future, congregations building Kingdom Halls that will be centrally located in the circuit may want to consider whether it would be practical to include a room where the circuit overseer and his wife can be accommodated.

    10 When undertaking a Kingdom Hall building project, the need for local financial support can be discussed frankly with the congregation(s) involved. The more finances the brothers provide locally with both contributions and loans, the less they will need to borrow. This allows more of the resources of the Kingdom Hall Fund to be available for other congregations to use in building their Kingdom Halls.

    11 Some congregations, after requesting assistance from the Society Kingdom Hall Fund and being advised that they would have to wait because moneys were not available at the time, have then found sufficient loans and contributions available locally to complete their project. It is good to check thoroughly the availability of such funds before requesting help. (Luke 14:28-30)

    *** km 12/88 5 Manifesting Faith by Fine Works ***

    Even though a congregation follows this procedure, a Society Kingdom Hall Fund contribution box conveniently located in the Kingdom Hall will enable individuals desiring to do so to make voluntary contributions to the fund. Any moneys placed in this contribution box should be forwarded to the Society in addition to those covered by the congregation’s resolution. Individuals may also make direct contributions to the fund, sending their remittances to the Society with an accompanying letter specifying the purpose of the contribution.

    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:

    202,782,892,000.00 U.S.A. $

    or 273,898,990,000.00 CAN. $

    or 172,608,880,000.00 EURO

    or 121,588,680,000.00 B.POUND

    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

    °°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°

    "Watchtower Bible and Tract Society of Pennsylvania"

    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. "

    °°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°

    "WATCH TOWER BIBLE AND TRACT SOCIETY OF BRITAIN "

    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.

    °°°°°°°°°°°°°°°°°°°°

    Note:

    For Great Britain , you can have also search :

    http://www.charitiesdirect.com/ind

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    "The Patterson Project" USA

    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?

    °°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°

    "Watchtower Bible & Tract Society of New York"

    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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    WATCH TOWER BIBLE AND TRACT SOCIETY OF CANADA

    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

    E6

    Did the charity hire outside professional fund-raisers?

    231

    If yes, were the professional fund-raisers retained:

    on a commission basis?

    on a fee basis?

    232

    233

    What was the total of amounts paid to or retained by the professional fund-raisers?

    234

    E8

    Did the charity operate a planned-giving program?

    235

    Yes

    If yes, did the charity help people donate to it by means of:

    bequests?

    annuities?

    life insurance policies?

    residual interests or charitable remainder trusts?

    236

    237

    238

    239

    Yes

    Yes

    Yes

    Yes

    Section F. REMUNERATION AND BENEFITS

    Compensation in this section includes all forms of remuneration (e.g., salaries, fees, and honoraria) and benefits (e.g., the personal use of a car or office space).

    F1

    On average, how many compensated positions did the charity have during the fiscal period?

    300

    F2

    Did the charity employ highly-compensated managers on a permanent, part-time, or contract basis who were responsible for administering the daily operations of the charity?

    301

    No

    302

    $1-29,999

    306

    $90,000-109,999

    303

    $30,000-49,999

    307

    $110,000-129,999

    304

    $50,000-69,999

    308

    $130,000-149,999

    305

    $70,000-89,999

    309

    $150,000+

    F3

    Did the charity compensate its directors/trustees?

    310

    No

    F4

    Apart from compensation, did the charity directly or indirectly transfer any part of its income or assets to:

    its founders?

    its directors/trustees?

    its employees?

    its members?

    individuals not at arm's length to anyone included in the four preceding groups?

    an organization controlled by or not at arm's length to any individuals included in the five preceding groups?

    311

    312

    313

    314

    315

    316

    No

    No

    No

    No

    No

    No

    Section G. POLITICAL ACTIVITIES

    A charity can legally pursue political activities that are non-partisan, related to its charitable purposes, and limited in extent. Political activites are those designed to influence law, policy, and public opinion.

    G1

    During the fiscal period, did the charity attempt to influence public opinion or to affect legislation or policy using any of the following means?

    media advertisements

    conferences, workshops, speeches, or lectures

    publications, or published or broadcast statements

    rallies, demonstrations, or public meetings

    mailings to elected officials or the public

    meetings with elected officials or their staff

    presentations or briefs to elected or appointed officials

    letter-writing campaigns

    other

    400

    401

    402

    403

    404

    405

    406

    407

    408

    No

    No

    No

    No

    No

    No

    No

    No

    No

    G2

    The information in this section is not currently data captured.

    G3

    Did the charity give money or other forms of support either as a gift to a qualified donee to help the recipient organization carry on political activites, or as payment to another organization or individual to help the charity conduct its own political activities?

    420

    No

    Section H. GIFTS TO QUALIFIED DONEES

    Note: The amounts shown on lines 501 and 502 reflect the total amounts the charity gifted to qualified donees. At this time, a maximum of 5 qualified donees can be displayed online. Please contact us if you require additional information.

    H1

    Did the charity make gifts to qualified donees?

    500

    Yes

    Name of donee

    Check if donee is an associated charity

    Location

    BN/Registration number of donee if a charity

    Amount of gift (excluding specified gifts) ($)

    Amount of specified gifts ($)

    tumbler ridge congreation

    X

    bc

    119288918RR0738

    20,000

    0

    congregation lafonatine montreal

    X

    qc

    132591439RR0001

    3,000

    0

    Totals: 501 $ 23,000

    502

    Total amounts given to qualified donees (add lines 501 and 502)

    503

    $ 23,000

    Section I. EXPENDITURES FOR PROGRAMS OUTSIDE CANADA

    Amounts refer to Canadian funds.

    I1

    Did the charity make any direct expenditures to conduct programs outside Canada?

    600

    Yes

    I2

    Were the charity's direct expenditures on programs outside Canada more than $10,000?

    601

    Yes

    I3

    Please describe the charity's involvement in programs outside Canada.

    OUR WORK IS DONE IN COOPERATION WITH AN INTERNATIONAL BROTHERHOOD CONSISTING OF LEGALLY DISTINCT BRANCHES THAT TIGHTLY CONTROL THEIR RESOURCES. THE PURPOSE AND PROGRAMS OF THESE BRANCHES ARE IDENTICAL TO OUR OWN. RESOURCES SENT TO OTHER BRANCHES ARE SUBJECT TO A LETTER OF AGREEMENT THAT STIPULATES A REPORTING PROCESS PROVIDING US WITH....

    I4

    Were any of these programs carried on:

    -- by employees of the charity?

    610

    No

    What were the total remuneration and benefits the charity paid these employees?

    611

    What were the total of other expenditures related to carrying out these programs (including the value of equipment and supplies)?

    612

    -- under agency or contract with other organizations or individuals?

    613

    Yes

    What were the total expenditures?

    614

    $ 27,932,228

    -- under other arrangements (e.g., joint venture)?

    615

    No

    What were the total expenditures?

    616

    I5

    Does the charity:

    issue instructions, directing the use of its funds?

    retain legal responsibility for the use of its funds?

    receive a detailed breakdown of expenditures at least annually?

    make periodic on-site visits to verify reports it receives?

    give prior approval for the specific allocation of funds?

    make instalment payments based on progress reports?

    maintain records in Canada substantiating how its resources were used in other countries?

    617

    618

    619

    620

    621

    622

    623

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    Yes

    I6

    Did the charity make gifts to qualified donees outside Canada?

    630

    No

    What was the total amount of such gifts?

    631

    I7

    Total direct expenditures outside Canada (add lines 611, 612, 614, 616, and 631)

    640

    $ 27,932,228

    °°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°

    P.S. Always about Canada, a comparison with the figures from the 1996 return (scans on the Watchtower Information Service

    site: http://www.watchtowerinformationservice.org/taxreturn.htmlhttp://www.watchtowerinformationservice.org/taxreturn.html ) shows the following:

    Income 1996 $26,481,000

    Income 2000 $26,384,000

    Expenses 1996 $25,306,000

    Expenses 2000 $40,495,000

    Cash 1996 $30,822,000

    Cash 2000 $23,755,000

    Assets 1996 $103,311,000

    Assets 2000 $94,304,000

    °°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°

    "INTERNATIONAL BIBLE STUDENT ASSOCIATION (IBSA)" in the United Kingdom

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

    (situation : year ended 31 August 2001 )

    "WATCHTOWER BIBLE & TRACT SOCIETY of BRITAIN"

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

    (situation : year ended 31 August 2001 )

    from http://www.jehovahs-witness.com/6/5887/1.ashx

    (for the year 2000)

    WATCH TOWER BIBLE AND TRACT SOCIETY OF BRITAIN

    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

    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 – 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.

    °°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°

    °

    P.S. A great thank to EXPATBRIT for his excellent work

    in providing this forum with many 'valuable' documents.

    J.C.MacHislopp

    °°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°

    The " Watchtower Educational Center Pacific at Mililani Technology Park. (Hawaii)

    Here below the links:

    http://www.planet-hawaii.com/mtp/neigh.htm

    http://www.planet-hawaii.com/mtp/tenants.htm

    for detailed maps:

    http://planet-hawaii.com/mtp/where.htm
    http://planet-hawaii.com/mtp/sitemap.htm
    http://www.mililanitechpark.com/CurrentTenants/currenttenants.htm

    a newspaper article….***great***

    http://pacific.bcentral.com/pacific/stories/1997/06/09/focus4.html

    Mililani Technology Park is located in Central Oahu, near the master-planned community of Mililani. Served by the H-2 Freeway, the Park is just 15 minutes from Honolulu International Airport, 25 minutes from Downtown Honolulu, 35 minutes from Waikiki hotels and five minutes from the award-winning Mililani housing developments.

    Mililani Town is Castle & Cooke Hawaii's master-planned residential development adjacent to the Mililani Technology Park. A thriving community of over 35,000 residents, Mililani is a complete community with a variety of schools, churches, shopping centers, parks, recreation centers and a public library serving the area.

    Mililani's high quality lifestyle is reflected in its 1986 "All-America City Award." No other community in Hawaii has received this prestigious recognition.

    and

    The State Farm Claims Center had its grand opening on September 4, 1996, which was well attended by State Farm executives and public officials.

    In addition to the State Farm Claims Center, the State Farm Agency Field Office, a support office for the many sales offices on Oahu, Maui and the Big Island, renovated and moved into 2,000 square feet of brand new office space at the Leilehua Building.

    and….

    Watchtower Bible & Tract Society of New York, Inc.

    2055 Kamehameha IV Road

    Honolulu, Hawaii 96819

    Phone: (808) 842-1100

    A multi-national, nonprofit Bible educational group, the Watchtower will use its new 53,000-square-foot building at MTP for its Watchtower Educational Center - Pacific. The educational center will be comprised of four conference rooms and one auditorium equipped with multimedia audio/visual equipment with multi-language capabilities to accommodate conferences, seminars and training classes.

    And this:

    In Depth: Commercial Real Estate

    From the June 6, 1997 print edition

    "But according to Nathan Wong, assistant to the branch manager at The Watchtower Bible and

    Tract Society, there is a great need for these types of facilities.

    Better known as the Jehovah's Witnesses, the socitety recently opened a $20 million, 130,000-square-foot facility at the Mililani Technology Park.

    The group established an educational and meeting facility -- situated on 3.4 acres next to

    Oceanic Cable -- called the Watchtower Educational Center Pacific.

    The center will house programs based on practical direction from the bible geared toward businesses and community organizations.

    Because of its massive size, the group has been approached by individuals wanting to rent the site for personal events but Wong said the building will remain purely for bible educational meetings.

    The center features a main auditorium large enough to fit 1,500 visitors, smaller meeting rooms, and a multimedia facility housed with the latest in electronic devices.

    The group also provides resource handouts and seminars for a variety of issues such as sexual harassment and job-related issues -- services that are purely voluntary.

    In fact, Wong said some businesses and community leaders have already ordered reprints of articles the group produced. "Our materials are not that religiously oriented," Wong said.

    With fiber-optic capabilities, the center has the ability to hook up to other headquarters around the country and to colleges via the Internet.

    The society received assistance from volunteers all over the world to help design and construct the building that was two years in the making.

    "We're looking around to open possibly more sites in the future," Wong said.

    And the society -- which has 300 members in the area -- is continuing its quest to build a larger presence in the Islands with its 24,200-square-foot two-story meeting hall being built at the former Ranch House site in Aina Haina.

    The Jehovah's Witnesses -- who rely heavily on donations to operate -- purchased the 60,890-square-foot site for $3.6 million to build a facility for both prayer and education. Construction is scheduled for completion in October. "

    While education is on the minds of the Jehovah's Witnesses, La`akea Hawaiian Resort Co. Ltd. -- a subsidiary made up of businesspeople from a large corporation in Japan -- is proposing to turn a residential property in Kaneohe into a moneymaking venture.

    The group plans to develop a private meeting facility for community use, including weddings, retreats and related activities at 47-477 Waihee Place in Kaneohe.

    La`akea Hawaiian Resort purchased the 39-acre property from a homeowner after seeing the potential for wedding activities at the scenic site overlooking Kaneohe Bay.

    A 4,000-square-foot house that sits on the lot will be used as a meeting facility fit to hold 60 people. Minor improvements will be made to the two-story house to upgrade it for commercial use, said Crystal Rose, the agent that represents La`akea Hawaiian Resort.

    The facility will be rented out to community members and businesses looking for a retreat site, meeting facility, or spot to hold wedding receptions. No overnight accommodations will be provided at the facility, which will be open daily from 9 a.m. to 5 p.m. The planned site is expected to be ready in early 1998.

    In addition to renovation work to the house, a 1,600-square-foot wedding chapel is planned for the site. The chapel will have seating for 12 people.

    According to Rose, the group decided to put in a chapel because of the overwhelming number of Japanese weddings that occur in Hawaii. La`akea Hawaiian Resort is hoping to do four to six wedding a day.

    "We want to keep it a rural atmosphere as best we can. We don't want to disrupt the neighbors," Rose said. "The group's intentions were to keep the operations small.

    To help ease community members who are concerned the project will turn the quiet neighborhood into a commercial business circus, La`akea Hawaiian Resort has agreed to repave the half-a-mile Waihee Road, which residents have been asking the city to do for a while.

    "We're trying to work with the community to find out how the property can best be used and what services we can provide. This is a sensitive issue ... but people should be able to use their property however they want," Rose said.

    Bad economy = good time for churches to build - 1997-06-09 - Pacific Business News (Honolulu).htm

    °°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°

    P.S. Remember: “…looking after the widows, the orphans..”

    and “…the poors will always be with you..”

    You are welcome to any comment and additional informations.

    Greetings, to all of you , James Charles MacHislopp

    "Humiles laborant, ubi potentes dissident." (Fedro I, 30)

  • Hamas
    Hamas

    wow, what a post

    Thankyou, you have done your research well, I shall be adding it to my website, Ive been meaning to write a article on Watchtower money for a long time. First I have to finish ( or start lol ) the one about Watchtower and warfare.

    Thanks again

    www.escapethewatchtower.com

  • Loris
    Loris

    Amazing information! Thanks

    Next to the Wedding Chapel, this was my favorite

    Please describe the charity's involvement in programs outside Canada.

    OUR WORK IS DONE IN COOPERATION WITH AN INTERNATIONAL BROTHERHOOD CONSISTING OF LEGALLY DISTINCT BRANCHES THAT TIGHTLY CONTROL THEIR RESOURCES. THE PURPOSE AND PROGRAMS OF THESE BRANCHES ARE IDENTICAL TO OUR OWN. RESOURCES SENT TO OTHER BRANCHES ARE SUBJECT TO A LETTER OF AGREEMENT THAT STIPULATES A REPORTING PROCESS PROVIDING US WITH

    Tight as a frogs patooti.

    Loris

  • coffee_black
    coffee_black

    With all those resources, where does the money go? JWs will say that it goes to the world wide preaching work. Just what does that mean? Most all of the money produced through the literature is sheer profit. Where does it go? They operate no charities, no hospitals or colleges. Where does all this money go? Operational costs? Hardly...not by the looks of the numbers above. Those are just some of the assets.... think about the branches all over the world. In the "Proclaimers" book there's about 50 pages of pictures of the branches. Huge facilities...also the assembly halls, etc... Imagine the wealth represented by all those properties too! Then there's the stocks... Who controls the money??? Where is it??? I would love to research those questions.

    World wide preaching work...Let's see...local congregations pay for their own Kingdom Halls, pay for the literature, CO visits, expenses etc. They also send additional contributions to the borg. So, how does this money go to the world wide preaching work? OK, they probably pay for the travel of missionaries to different parts of the globe, but they don't pay to support them once they are there. I would really like to know where all the money really goes. I'd like to see a list of the share holders...I think it would be very revealing. Just what kind of a religion er...business has share holders anyway????

    Coffee

  • MacHislopp
    MacHislopp

    Hello everyone,

    I'm glad that the informations are appreciated.

    The more is known ...the better it is.

    I'll be back after a short...business' trip.

  • waiting
    waiting

    Thanks Mac!

    What a long........and interesting..........read! All the contributors to this information are appreciated.

    From the June 6, 1997 print edition

    "But according to Nathan Wong, assistant to the branch manager at The Watchtower Bible and

    Tract Society, there is a great need for these types of facilities.

    Better known as the Jehovah's Witnesses, the socitety recently opened a $20 million, 130,000-square-foot facility at the Mililani Technology Park.

    The group established an educational and meeting facility -- situated on 3.4 acres next to

    Oceanic Cable -- called the Watchtower Educational Center Pacific.

    The center will house programs based on practical direction from the bible geared toward businesses and community organizations.

    Because of its massive size, the group has been approached by individuals wanting to rent the site for personal events but Wong said the building will remain purely for bible educational meetings.

    The center features a main auditorium large enough to fit 1,500 visitors, smaller meeting rooms, and a multimedia facility housed with the latest in electronic devices.

    The group also provides resource handouts and seminars for a variety of issues such as sexual harassment and job-related issues -- services that are purely voluntary.

    In fact, Wong said some businesses and community leaders have already ordered reprints of articles the group produced. "Our materials are not that religiously oriented," Wong said.

    With fiber-optic capabilities, the center has the ability to hook up to other headquarters around the country and to colleges via the Internet.

    The society received assistance from volunteers all over the world to help design and construct the building that was two years in the making.

    "We're looking around to open possibly more sites in the future," Wong said.

    And the society -- which has 300 members in the area -- is continuing its quest to build a larger presence in the Islands with its 24,200-square-foot two-story meeting hall being built at the former Ranch House site in Aina Haina.

    The Jehovah's Witnesses -- who rely heavily on donations to operate -- purchased the 60,890-square-foot site for $3.6 million to build a facility for both prayer and education. Construction is scheduled for completion in October. "

    While education is on the minds of the Jehovah's Witnesses,

    My astonishment are in the yellow areas. What a crock!

    "Our materials are not that religiously oriented," Wong said. gotta luv them Awake articles......................

    Wong said the "building will remain purely for bible educational meetings." ------but Wong said that "our materials are not that religiously oriented."

    In other words, want to rent our building? No - it's for "bible education."

    In other words, want to buy reprints of the Awake? Our materials are "not that religiously oriented."

    "hook up to other headquarters around the country and to colleges via the Internet." But we discourage our own members from any college education.....in our "not religiously oriented" articles.

    " which has 300 members in the area -- is continuing its quest to build a larger presence in the Islands with its 24,200-square-foot two-story meeting hall "

    WHAT A CROCK!!!!!!!!!!!!!!!! WHAT A CON JOB!!!!!!!!!!!!!!!!!!!

  • wannaexit
    wannaexit

    Thank you, thank you

    The watchtower is a business pure and simple.

    Every business goes through a business cycle of up and down. Seems the watchtower has been on an upward cycle. Do you think it will ever wind down?

  • JT
    JT

    excellent reserach

  • rocketman
    rocketman

    Lots of interesting material here....good work J Mac.

  • DannyBear
    DannyBear

    Mac,

    Really great stuff.

    Can we assume that the the final billions $ number includes all of the Kingdom Hall mortgages/deeds that would revert to the society if defaulted upon?

    Danny

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