2008 Watchtower Income Tax Return

objectivetruth

I found this, and did not see it posted previously.. Thought I'd post it, in case it's of use to anyone.

http://irs990.charityblossom.org/990T/200908/111753577.pdf

According to this all Assets in 2008 were valued at $400,000,000

JeffT

This isn't an income tax form. Well it is, but it is not THE income tax form. This is the IRS description of this form:

"Because tax-exempt organizations generally operate for charitable or other beneficial purposes, most income that they receive is exempt from tax under the Internal Revenue Code. Tax-exempt organizations are permitted to engage in income-producing activities that are considered to be unrelated to their exempt purposes. However, income from these activities may be taxable. This study measures income, deductions, and tax imposed on tax-exempt corporate and trust entities' unrelated business income. Data are compiled from Form 990-T, Exempt Organization Business Income Tax Return."

In this case its for some kind of Limited Partnership of which the WTBS has an interest. I can't find out much about "Provictor Property Fund" I think it is probably a Real Estate Investment Trust. The 400 million dollars is probably the total value of the trust, of which the WTBS owns some percentage. I suspect that there are lots of these forms floating around somewhere. The Watchtower is smart enough to be doing something with its money.

LogCon

I see the books are in the care of G.F. Simonis, someone experienced in 'polishing the accounts', no doubt.

factfinder

G.F. Simonis is the secretary-treasurer of the NY WTB&TS.

Still Totally ADD

Is this just the Wt. corp. income tax? What about the other Corp. they control? Just asking. Still Totally ADD

L3G

Thanks. Whatever any shortcomings, this is quite a find!

Skinnedsheep

What is provictor property fund management? it listed as a partner on the return.

cofty

What is provictor property fund management? it listed as a partner on the return.

PROVICTOR PROPERTY FUND V MANAGEMENT, INC. is a company in Georgia and its company number is K944671. PROVICTOR PROPERTY FUND V MANAGEMENT, INC. was registered on 11/1/1999. The company's status is listed as Active/Compliance.

CEO - David C. Pahl 3348 Peachtree Road, NE, Suite 1100ATLANTA GA 30326
CFO - David C. Pahl 3348 Peachtree Road, NE, Suite 1100ATLANTA GA 30326
Secretary - David C. Pahl 3348 Peachtree Road, NE, Suite 1100ATLANTA GA 30326

So its all about 1 man - David C. Pahl.

Skinnedsheep

Yeah Cofty that was all I could find too. Wierd.

2008 Watchtower Income Tax Return

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