This is so good (from mormonisnt's post earlier)

Then
Matthew 19:21
Jesus said If thou wilt be perfect, go and sell that thou hast, and give to the poor, and thou shalt have treasure in heaven: and come and follow me.

Now

"The Corporation of the President of the Church of Jesus Christ of Latter Day Saints is a Corporate Sole with succession being the subsequent next President. That means he is the sole shareholder and owner of all businesses and holdings.
"The current worth would be conservatively above $60 billion, and if the current market value of holdings was added, it would likely be closer to $100 billion."

Anagrammy

Because he is too busy being the 2nd worst person in the world.......HA HA! Serves him right.

That would be the start of Pandoras box. With so much going in and nothing going out. Interest alone on investments would boggle the ming

How about this question.

If a person were suing the church over the coverup of sexual misdeeds, could the court force the church to disclose accurate financial worth?

If it was relevant to a possible award, the plaintiff my need to know what the Church's assets are. I remember a few years in Oregon this issue came up and a court zi think did order the church to open it's books. The church immediately settled the case for an undisclosed sum.

I remember that case---the judge ordered TSCC to open its books for Oregon.

Information is available for some countries in which registered charities---including religious organizations---are required to give full financial disclosures. I have seen the reports for the UK. It was an income/expenses statement and did not, for example, detail the land holdings the church has in East Anglia. However, the expenses figures showed that they pay nice fat salaries to officials above the SP level, and they showed how little of the income actually went to charitable causes.

Um, NO. They would hire the best lawyers to defend

I just realized how that east German fellow got onto the twelve. He is a pilot right? Maybe they needed someone to pilot Profit 1, who wouldn't spill the beans about the gold plated interior.

A nonprofit does not have shareholders, it has directors. No one owns a nonprofit.

The idea that the President is the sole shareholder and owner was taken from something I wrote. The President has sole control over how the resources are used, but is not technically the owner.



Edited 1 time(s). Last edit at 02/20/2012 11:04AM by Jim Huston.