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Posted by: deconverted2010 ( )
Date: July 31, 2015 02:54PM

From the Revenue Canada Website

Statement of Financial Position
-Assets
Total assets (add lines 4100 to 4170) $700,965,698

-Liabilities
Total liabilities (add lines 4300 to 4330) $ 5,691,328


Statement of Operations

-Revenue
Total revenue (add lines 4500, 4510
to 4560, 4575,4580, and 4600 to 4650) $189,396,276

-Expenditures
Total expenditures (add lines 4950 and 5050 $191,189,517


And please don't get too excited about the expenditures being higher than the revenue, that only means a lot of this money has gone to BYU and the Presiding Bishopric charities in other countries.

All these money and Canadian members must:
-clean their own building because there is no money for custodians
-provide own materials for activities because there is no budget
- provide own refreshments
- provide rides at their own expense
- provide new members
- provide their time
- provide their families (pretty much for missionary work)
- and the list goes on and on. what a business this is.

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Posted by: sonofabish ( )
Date: July 31, 2015 04:15PM

This is interesting to see, I wish this kind of thing was available in the US. I have a hard time believing they have $191 million dollars in expenses though. Is sending the money to BYU and the charties of which you speak some kind of tax evasion? Im not really well versed in tax laws, especially Canadian tax laws.

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Posted by: summer ( )
Date: July 31, 2015 06:46PM

Under the Canadian tax code, sending money out-of-country is acceptable as long as its an educational institution. That's why so much of Canadian donations to the Mormon church ends up at BYU. It's the only way that church authorities can legally drain the money out of Canada.

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