Recovery Board  : RfM
Recovery from Mormonism (RfM) discussion forum. 
Go to Topic: PreviousNext
Go to: Forum ListMessage ListNew TopicSearchLog In
Posted by: hk112358 ( )
Date: April 14, 2011 05:00PM

A funny statement on Wikipedia about church finances is:

Whatever the actual figure [of assets], about two-thirds of it is made up of non-income-producing facilities and the land they sit on, including thousands of meetinghouses ...

The meetinghouses are non-income-producing assets?
How do you figure that?
Let's see, when I was a finance clerk, we collected about $38,000 a month in a humble ward. That means our ward, plus the ward that shared the building that generated about $912,000 annually.

That means every Sunday when we opened the doors of our non-asset-producing building (48 weeks removing 4 Sundays for General- and Stake Conferences), the "take" was about $19,000 tax- and accountability free ca$h!

Non-income-producing asset? My A$$et!

Options: ReplyQuote
Posted by: AKA Alma ( )
Date: April 14, 2011 05:18PM

To be fair, the church building was just the collection point. The money collected was ransom so they could see their families again and go to the temple.

Options: ReplyQuote
Posted by: Raptor Jesus ( )
Date: April 14, 2011 05:22PM

It's an accounting thing.

Options: ReplyQuote
Posted by: Misfit ( )
Date: April 15, 2011 04:07AM

Factories don't produce income either. Neither do buildings that house banks. Apartment buildings don't produce income. In fact, I can't think of a single building type that produces income. People produce income by supplying goods and services to other people. It sounds like Gordo Hinkley wrote that article.

Options: ReplyQuote
Go to Topic: PreviousNext
Go to: Forum ListMessage ListNew TopicSearchLog In


Screen Name: 
Your Email (optional): 
Subject: 
Spam prevention:
Please, enter the code that you see below in the input field. This is for blocking bots that try to post this form automatically.
 **     **  **    **  ********   **         ******   
 **     **   **  **   **     **  **        **    **  
 **     **    ****    **     **  **        **        
 **     **     **     ********   **        **   **** 
  **   **      **     **     **  **        **    **  
   ** **       **     **     **  **        **    **  
    ***        **     ********   ********   ******