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
Originally posted by divegeesterDid you even read your own copy-paste?
This is allegedly from a source from over a decade ago - look at the bottom, line. Where does this money come from?
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
Originally posted by AThousandYoungNot sure what you are saying - donation = tithes?
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
Originally posted by galveston75My 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.
Nope. It's all given as we can afford and want to donate. Sooooo what's your point here?
Originally posted by divegeesterYes 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.
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.
As comparison what is the Vatican worth?
Originally posted by galveston75It's good that you don't feel obliged to give, but this level of income needs sustaining.
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?
Originally posted by divegeesterthey 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.
It's good that you don't feel obliged to give, but this level of income needs sustaining.
Originally posted by Dowardconsidering we dont sell magazines but they are distributed without charge how is it
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.
possible that the more we hand out the more money we make? are you fronting
another big fat lie? again?
Originally posted by divegeesterBalls to working for a living...starting a new religion is where the money is!
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]
Originally posted by robbie carrobieBut 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]
all you need are inflatable Christians to get you started , its a guaranteed winner. You could instantly convert them to agerism.
an eternal supply blow up dolls! (double eternal supply if they're ugly)