How Will The New York Nonprofit Revitalization Act Effect The Watchtower Corporation Book Keeping Transparency?

by frankiespeakin 15 Replies latest watchtower scandals

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  frankiespeakin

  How about this part about churches:

  S 13. Consolidation OR MERGER of incorporated churches. Two or more

  incorporated churches may enter into an agreement, under their respec-

  tive corporate seals, for the consolidation OR MERGER of such corpo-

  rations, setting forth the name of the proposed new corporation OR

  SURVIVING CORPORATION, the denomination, if any, to which it is to

  belong, and if the churches of such denomination have more than one

  method of choosing trustees, by which of such methods the trustees are

  to be chosen, the number of such trustees, the names of the persons to

  be the first trustees of the new corporation, and the date of its first

  annual corporate meeting. Such an agreement shall not be valid for

  United Methodist churches unless proposed by a majority vote of the

  charge conference of each church and approved by the superintendent or

  superintendents of the district or districts in which the consolidating

  churches are located, and by the majority of the members of each of such

  churches, over the age of twenty-one years, present and voting at a

  meeting thereof held in the usual place of public worship and called for

  the purpose of considering such agreement by announcement made at public

  service in such churches on two Sundays, the first not less than ten

  days next preceding the date of such meeting. Such agreement shall not

  be valid unless approved in the case of Protestant Episcopal churches by

  the bishop and standing committee of the diocese in which such churches

  are situated and in the case of churches of other denominations by the

  governing body of the denomination, if any, to which each church

  belongs, having jurisdiction over such church. Each corporation shall

  thereupon make a separate petition to the supreme court for an order

  consolidating OR MERGING the corporations, setting forth the denomi-

  nation, if any, to which the church belongs, that the consent of the

  governing body to the consolidation OR MERGER, if any, of that denomi-

  nation having jurisdiction over such church has been obtained, the

  agreement therefor, and a statement of all the property and liabilities

  and the amount and sources of the annual income of such petitioning

  corporation. In its discretion the court may direct that notice of the

  hearing of such petition be given to the parties interested therein in

  such manner and for such time as it may prescribe. After hearing all

  the parties interested, present and desiring to be heard, the court may

  make an order for the consolidation
• 

  wokeup

  here's an excerpt from the above link:

  "A number of our kehillot have asked whether the new Act applies to religious corporations, since

  they are exempt from filing annual audits and fund-raising reports with the Attorney General’s

  Charities Bureau. The short answer is, yes; the Act applies to religious corporations. Some

  examples of its application (not intended as an exhaustive list) are:

   “Type B” corporations organized as for religious purposes under the NFPCL are

  now categorized as “charitable” corporations and governed by the NFPCL

  requirements and standards for such organizations."

  Does the Watchtowers' ' Kingdom Support Services Inc. ' fall under Type B corporations?
• 

  frankiespeakin

  I'm kind of thinking that the old and new arrangements for collecting money from the rank and file will come under considerable scrutiny as this new Act is suppose to cut down on fraud and make charities or nonprofit become more transparent. In which case the WT methods of collecting money with no accountablity to those contributing will be changed. No doubt all this property liquidation will be on the books it will be very interesting for the sake of transparency to see just how much of a haul they made within the fiscal year 2014.
• 

  frankiespeakin

  I think the Watchtower was too late in taking all the labels off contribution boxes(very recent developement) and may be in trouble with it's book keeping audit. Also I'm thinking the recent money grab(pledge, and robbing the individual congregation of substantial amount of their money's thru coersion) may have violated how a charity is suposed to run. I'm not an expert but the more I read about this new Revitalization Act the more I think they have committed fraud and may have a hard time putting it on the books to keep from a further investigation.

  I think the courts can untangle all these Corporation's the Watchtower can juggle money around with and nail their ass on something time will tell.

  This batch of GBs are very stupid so I'm sure they are scrambling to deal with this new Revitalization Act and I'm hoping they are digging themselves a very deep hole to be burried in.
• 

  Splash

  Thanks for the commentary.

  Keep us posted on your findings please.

  Splash.
• 

  frankiespeakin

  What's the penalty for not having an audit? For delaying an audit and not on time?