1. Joined
    16 Feb '08
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    86276
    07 May '11 16:412 edits
    This is allegedly from a source from over a decade ago - look at the bottom, line. Where does this money come from?

    "A few financial figures that happen to have fallen into my sweaty palms. While only a small piece of the WT's financial jigsaw puzzle, they effectively illustrate the level of $ under the society's control."

    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
  2. Joined
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    86276
    07 May '11 16:48
    Do the JW congregation have to tithe to the organisation?
  3. SubscriberAThousandYoung
    Just another day
    tinyurl.com/y8wgt7a5
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    07 May '11 17:051 edit
    Originally posted by divegeester
    This is allegedly from a source from over a decade ago - look at the bottom, line. Where does this money come from?
    Did you even read your own copy-paste?

    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
  4. Joined
    19 Jul '08
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    77354
    07 May '11 17:09
    Originally posted by divegeester
    Do the JW congregation have to tithe to the organisation?
    Nope. It's all given as we can afford and want to donate. Sooooo what's your point here?
  5. Joined
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    86276
    07 May '11 17:12
    Originally posted by AThousandYoung
    Did you even read your own copy-paste?

    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
    Not sure what you are saying - donation = tithes?
  6. Joined
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    07 May '11 17:15
    Originally posted by galveston75
    Nope. It's all given as we can afford and want to donate. Sooooo what's your point here?
    My point is that $79 million is a lot of income from the congregation and $630 million is a lot of collateral. This kind of business needs a solid strategy to support it.
  7. Joined
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    07 May '11 17:273 edits
    Originally posted by divegeester
    My point is that $79 million is a lot of income from the congregation and $630 million is a lot of collateral. This kind of business needs a solid strategy to support it.
    Yes it does because all the printing of the leturature, travel expenses, building of Kingdom Halls, Convention Halls, renting of other larger convention sites, all insurances involved, etc, etc, cost millions and lillions of dollars a year. And all of this paid by donations, not tithes.

    As comparison what is the Vatican worth?
  8. Joined
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    07 May '11 17:34
    Originally posted by galveston75
    As comparison what is the Vatican worth?
    A small country.
  9. Joined
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    07 May '11 17:35
    Originally posted by galveston75
    Yes it does because all the printing of the leturature, travel expenses, building of Kingdom Halls, Convention Halls, renting of other larger convention sites, all insurances involved, etc, etc, cost millions and lillions of dollars a year. And all of this paid by donations, not tithes.

    As comparison what is the Vatican worth?
    It's good that you don't feel obliged to give, but this level of income needs sustaining.
  10. St. Peter's
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    07 May '11 17:41
    Originally posted by divegeester
    It's good that you don't feel obliged to give, but this level of income needs sustaining.
    they don't give, they become publishers. In other words they pay for the watchtower magazines and then distribute them. This is why there missionary and ministry policy is about going door to door. The more people handing out magazines the more money they make.
  11. Account suspended
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    07 May '11 18:351 edit
    Originally posted by Doward
    they don't give, they become publishers. In other words they pay for the watchtower magazines and then distribute them. This is why there missionary and ministry policy is about going door to door. The more people handing out magazines the more money they make.
    considering we dont sell magazines but they are distributed without charge how is it
    possible that the more we hand out the more money we make? are you fronting
    another big fat lie? again?
  12. Account suspended
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    07 May '11 18:361 edit
    Originally posted by divegeester
    My point is that $79 million is a lot of income from the congregation and $630 million is a lot of collateral. This kind of business needs a solid strategy to support it.
    its peanuts compared to other religions.
  13. Standard memberAgerg
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    07 May '11 18:38
    Originally posted by divegeester
    This is allegedly from a source from over a decade ago - look at the bottom, line. Where does this money come from?

    "A few financial figures that happen to have fallen into my sweaty palms. While only a small piece of the WT's financial jigsaw puzzle, they effectively illustrate the level of $ under the society's control."

    Watchtower Bible a ...[text shortened]... ...0 / 8,402,426

    NET ASSETS AT END OF PERIOD............[b]$634,223,848
    / 557,404,351[/b]
    Balls to working for a living...starting a new religion is where the money is!
  14. Account suspended
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    07 May '11 18:451 edit
    Originally posted by Agerg
    Balls to working for a living...starting a new religion is where the money is!
    all you need are inflatable Christians to get you started , its a guaranteed winner. You could instantly convert them to Agerism.
  15. Standard memberAgerg
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    07 May '11 18:571 edit
    Originally posted by robbie carrobie
    all you need are inflatable Christians to get you started , its a guaranteed winner. You could instantly convert them to agerism.
    But doing that would spoil the value of the eternal prize devout followers are promised for spreading the sacred word of the [have yet to give my upcoming Holy book a name]

    an eternal supply blow up dolls! (double eternal supply if they're ugly)
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