Detailed Financial Information - WATCH TOWER BIBLE AND TRACT SOCIETY OF CANADA

by AndersonsInfo 42 Replies latest jw friends

• 

  mP

  Assets:
  Cash, bank accounts, and short-term investments	4100	$ 22,490,331
  Amounts receivable from non-arm's length parties	4110
  Amounts receivable from all others	4120	$ 4,913,608
  Investments in non-arm's length parties	4130
  Long-term investments	4140	$ 62,716,482
  Inventories	4150	$ 1,411,585
  Land and buildings in Canada	4155	$ 49,115,890
  Other capital assets in Canada	4160	$ 22,729,383
  Capital assets outside Canada	4165
  Accumulated amortization of capital assets	4166	$ -27,154,612
  Other assets	4170	$ 25,607,592
  Total assets (add lines 4100 to 4170)	4200	$ 161,830,259
  Amount included in lines 4150, 4155, 4160, 4165 and 4170 not used in charitable programs	4250	$ 1,095,882
  Liabilities:
  Accounts payable and accrued liabilities	4300	$ 5,178,558
  Deferred revenue	4310
  Amounts owing to non-arm's length parties	4320	$ 305,198
  Other liabilities	4330	$ 39,737,524
  Total liabilities (add lines 4300 to 4330)	4350	$ 45,221,280

  Total eligible amount of all gifts for which the charity issued tax receipts	4500	$ 14,515,271
  For all tax-receipted gifts received during the fiscal period please provide:
  Total eligible amount of tax-receipted tuition fees	5610
  Total eligible amount of tax-receipted enduring property	5640
  Total amount received from other registered charities (excluding specified gifts and enduring property)	4510	$ 8,527,653
  Total specified gifts from other registered charities	4520
  Total enduring property from other registered charities	4525
  Total other gifts received for which a tax receipt was not issued by the charity	4530	$ 18,467,084
  Total revenue received from federal government	4540
  Total revenue received from provincial/territorial governments	4550
  Total revenue received from municipal/regional governments	4560
  Total revenue received from all sources outside Canada	4575
  Total interest and investment income received or earned	4580	$ 3,601,930
  Gross proceeds from disposition of assets	4590	$ 404,624
  Net proceeds from disposition of assets (show a negative amount with brackets)	4600	$ -509,860
  Gross income received from rental of land and/or buildings	4610
  Non tax-receipted revenues received for memberships, dues, and association fees	4620
  Total non tax-receipted revenue from fundraising	4630
  Total revenue from sale of goods and services (except to government)	4640
  Other revenue not already included in the amounts above	4650	$ 386,529

  Occupancy costs

  4850

  $ 4,543,958

  Total amount of gifts (excluding enduring property and specified gifts) made to all qualified donees

  5050

  $ 61,379

  Fair market value of all donated good used in charitable programs

  4890

  • Is that 400K from publications sold and $40M from donations ?
  • 62M in long term investments and only 22M in cash ? How can this be with Armageddon coming next week/month/year...?
  • Zero to charity !
  • 61K in gifts -- to whom ?
  • 4.5M in occupancy costs, do they rent or lease anything surely they own all their properties in Ca ?
• 

  Scott77

  Does anyone know that the yearbook of JWs also shows the total amount of expenses they spend caring for missionaries, traveling servants, etc? How much was for the last year?

  Scott77
• 

  JeffT

  From the point of view of a US coporate accountant, this is not an eye popping amount of money. After we left the witnesses my wife and I attended a large mainstream church. When they needed to expand they build a new church for about 30million dollars. After working in real estate for twenty plus years that isn't a lot for a large building, although they nearly went broke building it.

  I do wonder about the different categories of donations, why receipts issued for some but not others. In the US that would mean anonymous donations, but that seems like a lot.

  They are also sitting on a lot of cash and cash equivalents. This is normally done when a company is considering either a big expansion or anticipating a dry spell and hanging on to enough money to keep the shop open until it turns around. Either way has interesting implications.
• 

  WTWizard

  This is like all the Christian churches. The difference is that the churches themselves are usually ornately decorated, while the washtowel sends its funds to headquarters. Leave the followers destitute, while enriching the ***** entities running the whole show. All the while, what genuine value do the ***** (or Christians, for that matter) contribute to your life? Certainly not spiritual enrichment or salvation.

  And I don't give a fxxx if they crash and burn for lack of funds. My "tithing" is spending money on silver (and I keep the silver). Just a taste of the ***** own medicine--to steal a concept, corrupt it, and throw it right back into their faces. (Which the ***** did with just about the whole LIE-ble). I will not support that religion that claims to be Christian (itself probably the most abominable platform on the planet) while having more of a ***** flavor to its adherents. I, for one, will send my checks to the places that sell silver (so I can get more) instead of to the Washtowel.
• 

  factfinder

  @Scott77-

  the figure from the 2012 YB is over $173 million.
• 

  factfinder

  When I click on the links it says that information is no longer available.

  Thank you for copying it mP!
• 

  dozy

  Yeah - I wouldn't get too excited about the WTBTS accounts. I used to work for a financial organisation that audited charities & some of the churches we looked after had vast amounts of cash & properties and old ladies dying leaving millions for them (I guess they saw it as a passport to heaven). Also by mistake one year the UK tax authorities sent us the "Deed of Covenant" accounts for the local church - it made our Kingdom Hall figures look puny.

  In comparison , the WTBTS is a very small player. Lets face it - there aren't too many really wealthy JWs around.
• 

  besty

  classic George Carlin - God ain't too good with money - just keeps slippin' through his fingers, always needs just a little more to get by on.

  tax free donations + volunteer labour = property empire. alchemy.
• 

  Aussie Oz

  Travel and vehicle expenses

  4810

  $ 2,300,004

  Private jets and cadillacs? Do all the canadian COs and DOs really cost 2 million bucks in a year?

  Oz
• 

  FWFranz

  When I was growing up we where often reminded as witnesses that Babylon the Great was living in "shameless luxury" and that the WTS was absolutely unlike them in this regard. We where often critical of the Catholic church for accumulating great assets while Catholics in poor countries struggled to stay alive. It is very noteworthy that the WTS would NEVER publish any of their financial information in any of their own publications. It is also noteworthy and I might add, praiseworthy that the smaller Bible Student groups ( such as the Dawn Bible Students and the Pastoral Bible Institute) freely publish an annual financial statement that details their entire financial worth. I challenge the WTS to do the same.

  FW Franz