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Scientology’s 2011 book value for just two of its entities is $1.2 billion

Discussion in 'Media' started by The Wrong Guy, Apr 7, 2014.

  1. Jesus fucking Christ, man .... 6 billion dollars?!?!? wtf?!?! they could buy ANYONE with that much dough. i feel like dying of depression :/
  2. the buildings are fully paid by "parishioners", so the billions does not count those buildings. that makes their fucking cash and assets even larger
  3. amaX Member

    How DARE you remind people that scifag money won't last forever! Don't you get it?!? It's over for all of us cult critics!

    Fuck. I don't know. Maybe we can re-group in 20 years. By that time I'll be OG and we all know what kinda OG I'm gonna be. Awwwwwww yeah.
    • Like Like x 1
  4. The Wrong Guy Member

    Scientology tax return of the day

    On April 7, we caused a bit of a ripple in the world of Scientology watching by releasing numerous tax returns of Scientology entities that had never been published in the press before.

    Scientology has enjoyed tax-exempt status since 1993, and churches are not required to submit annual returns. However, following a change in the law in 2006, even church organizations are required to submit returns for “unrelated business income,” known as 990-T reports. Those returns don’t reflect the church-related income taken in by Scientology (an organization built on the idea of paying large sums for spiritual advancement), but the forms do ask for a corporate entity to report its “book value” — an indication of that entity’s total assets, such as real estate.

    We published numerous documents that day, but there are many more that we’ve obtained with the help of Jeffrey Augustine. There are so many, we thought it might work best to release one each day.

    Today, we’re getting a glimpse of the value of just one locality in Scientology’s web — the San Diego organization. As you can see from the document, the San Diego org reported its book value as $12,840,672.

    Continued at http://tonyortega.org/2014/04/17/le...ter-gets-a-visit-and-tony-dovolani-is-tailed/
    • Like Like x 4
  5. The Wrong Guy Member

    Scientology tax return of the day

    Scientology has enjoyed tax-exempt status since 1993, and churches are not required to submit annual returns. However, following a change in the law in 2006, even church organizations are required to submit returns for “unrelated business income,” known as 990-T reports. Those returns don’t reflect the church-related income taken in by Scientology (an organization built on the idea of paying large sums for spiritual advancement), but the forms do ask for a corporate entity to report its “book value” — an indication of that entity’s total assets, such as real estate.

    Today, we’re looking at the Church of Scientology of Texas, whose book value was reported at $3,112,381.

    Continued at http://tonyortega.org/2014/04/18/th...r-and-scientologys-attempt-to-rip-them-apart/
    • Like Like x 2
  6. The Wrong Guy Member

    The $cientology Discount: Church Tax Documents Reveal How Church Paid For A-List Members’ Hotel & Restaurant Bills

    By Jen Heger, Radar Online

    As a tax-exempt organization the Church of Scientology is prohibited from using its earnings for the benefit of any individual. But shocking church documents obtained by RadarOnline.com show that the organization paid big bucks to provide hotel and restaurant services for A-list celebrities like Tom Cruise and John Travolta at its Hollywood Celebrity Centre in Los Angeles – and then claimed them as tax deductions!

    Continued at http://radaronline.com/exclusives/2...ts-paid-for-celebrity-hotel-restaurant-bills/
    • Like Like x 5
  7. The Wrong Guy Member

    Scientology tax return of the day

    We have a great one for you today. It’s the 990 of Narconon Vista Bay in Watsonville, California. Business was good in 2012 at the Scientology drug rehab facility, which took in $12 million in revenue.

    But what really caught our eye are the substantial salaries being paid Vista Bay’s executives. It turns out deceiving potential patients about Narconon’s connection to Scientology is a pretty lucrative pursuit.

    Vista Bay president Daniel Manson was paid $303,175 in salary and other compensation.

    Daniel’s wife and executive director Angie Manson made $287,919 and you have to assume life is good at the Manson household, with more than half a million in combined income that year.

    Other salaries:

    Kathi Horton, Treasurer: $104,860
    Nathan Tuddernham, Secretary: $135,779
    Matthew Guernaccini, Senior Dir. Production: $173,143
    Juan Carlos R. Ubillus, Senior Dir. Expansion: $157,959
    Dana Guernccini, Public Registration Supervisor: $129,668
    Michael DiPalma, Dir. Public Registration: $263,020

    Have a look yourself.

    http://tonyortega.org/2014/04/19/go...p-that-claims-holocaust-caused-by-psychiatry/
    • Like Like x 3
  8. RightOn Member

    THIS is why Narconon is still open
    greed

    so wouldn't it be obvious that those people are not making those actual salaries? but the COS is just claiming those totals to justify the 12 mil they bring in? Doesn't a lot of that money have to go up lines?
    'splain
    • Like Like x 1
  9. I believe that Scientology uses inflated salaries in Narconon and a lot of their WISE operations as a way to launder money from the employees who are pretty much required to be active Scientologists. The cash flows back to Mother 'Church' in the form of fixed donations for Scientology services. It's easy to pay someone over 100,000.00 when you're getting a good chunk back in the 'religious' wing. LRH conjobs 101.

    WISE companies are no strangers to bankruptcy petitions using inflated salaries, purchasing Scientology materials and training courses at inflated prices as well as making corporate donations to Scientology to bleed their companies dry, claim bankruptcy, rinse and repeat with a another company name when time catches up to them. Here's a typical Scientology scam going after the most vulnerable in society, FAS (Foreclosure Assistance Solutions) How Theta...........


    Reportedly, this OTVIII, Herb Zerden has been connected with over 25 companies, the total number of Scientology front groups using all sorts of scams, religious and otherWISE over the past 60 years is astounding and let's not forget OTVII Rex Fowler, noted WISE business operator and murderer, below.


    Rex Fowler needed Scientology just like he needed a hole in the head.........or 2

    Scientology earns money the old fashioned way, they extort it......
    • Like Like x 2
  10. DeathHamster Member

    They did that for Narconon New England when they scammed some government money. By (wog) law, none of that money could go up the ladder. But the Tech says that 10% gross income must go up the ladder. So they bumped everyone's salary, clawed it back and sent it up the ladder.
    • Like Like x 2
  11. RolandRB Member

    I hope they paid income tax on the declared amount.
  12. DeathHamster Member

    Why would there be tax on "charitable donations"?
  13. Damn...

    Where do I sign up?
  14. Random guy Member

    You know we all love you AmaX.
    • Like Like x 2
  15. First, you'll have to be a Scientologist in good standing (translation you're on the Bridge, cough it up!).

    See the registrar, he or she will know exactly how much you'll be overpaid in the Scientology scam outfits like Narconon, other front groups or WISE company. They'll have many excitng mandatory courses for you to pay the majority of your phony income for or be fired and declared a suppressive person for attempting to keep your income from David Miscavige's greedy little mitts.
    th?id=HN.608001970045059405&pid=15.1.jpg
  16. The Wrong Guy Member

    Easter Sunday Funnies: David Miscavige has risen, and Scientology has more money than ever!

    Hey kids, happy Easter Sunday! We have a selection of treats for you to hunt down this morning, and we’re starting off with another surprising tax document that shows the astounding wealth of the Church of Scientology!

    Jeffrey Augustine has been helping us find these gems, and he tells us this one is hot off the presses — it’s the 2012 return by the Church of Scientology International, the mother church as it were. This is again a 990-T form, which reflects “unrelated business income” that since 2006 even churches have been required to submit if they’re taking in money unrelated to their main purpose. We’re less interested in the relatively small amounts of revenue listed on these documents than we are a single figure that appears on the first page — the entity’s “book value.” This is an estimate based on CSI’s total assets, including real estate.

    And for 2012, it’s a seriously big number: $846,314,618

    We can now see that CSI (which is only one of many Scientology entities) has been growing in leaps and bounds in recent years. Here’s a breakdown of recent 990-T returns:

    2008 $612,684,413
    2009 $730,132,600
    2010 $747,346,185
    2011 $790,758,896
    2012 $846,314,618

    Heck, we’d bet that once Lynn Farny turns in CSI’s 2013 tax return later this year, it’s going to be awfully close to a billion dollars in book value all by itself!

    Continued at http://tonyortega.org/2014/04/20/ea...sen-and-scientology-has-more-money-than-ever/
    • Like Like x 1
  17. TrevAnon Member

    ^
    /r/ thread title change... :)
  18. th?id=HN.608048012093752504&pid=15.1.jpg
    Scientology's 2024 Book-Value of all assets.......


    th?id=HN.608035496552238821&pid=15.1.jpg
    • Like Like x 2
  19. Kudos to Tony O, J Swift plus The Wrong Guy (for the links), for these additional dox.

    Earlier ITT I estimated the cult's worth being conservatively around $6.5 billion. But that's way too low. With all the recent new information including todays, I concur with wolfbane's estimates ITT that the cult is worth more like $25-30 billion or even $150 billion.

    Sorry for the big wall of text that follows, but I felt it was important enough to lay it out (to skip all the number crunching, go down to "What's especially unsettling is this"):

    My total estimate was using 2011 and 2012 990-T information. The CSI figure used was the 2011 amount of $790 million. But CSI book value increased from 2008 to 2012 by $233,630,205 or an average annual gain of about 9.5% per year ($58.4 million). This projects to $905 million for 2013 and $963 million for 2014.

    For CSI in 2014, that's roughly $175 million more than the 2011 total.

    I underestimated the total value of each church at $7.5 million. So far, just the 2012 book value (minus cash in accounts) of San Diego and Austin orgs averaged out to $8 million. If you project 2014 at the same 9.5% increase as CSI, it comes to $9.6 million. For 144 orgs, that's another $300 million book value.

    I underestimated the value of the 100 Narconons worldwide, which I placed at $500,000 each. But Narconon Vista Bay alone brought in $12 million just for 2012 with a payroll of $1.5 million. IDK for sure what this means in terms of total value but it is certainly a lot more than $500,000. Probably more like $5 million or even $20 million. So just for Narconons, instead of totaling $50 million, we're talking more like $500 million to $2 billion.

    Plus there is another big factor which increases all book values even more: Following the mortgage crash of 2007, property values from 2008 to 2012 were at severe lows. Only since about 2012-2013 have there been signs of recovery. It therefore stands to reason that all 2014 book values are far more for no other reason that property values recovering.

    I also have no real idea of how many billions are in the thousands of corporate accounts under Church control around the world. But Wolfbane had much better reasoning about cash in his estimates being way more than the 990-T book values.

    What's especially unsettling is this:

    2008-2012 is when the cult was getting hammered by some of the biggest, concentrated bombs against them ever: Anonymous protests, Chanology/Enturb/WWP, blows and heavy exposes by tons of high level Sea Org executives, the Indies, the crank up of ESMB, the St. Petersburg Times Truth Rundown series, Nathan Baca's series, Tony Ortega's blog, the hits on Tom Cruise, John Sweeney's BBC exposes, Debbie Cook's email and suit, etc., etc. - you get the idea.

    Despite all that awesome enturbulating, CSI's book value increased every one of those years. :(

    I can only assume that it has continued increasing through 2014, but we won't know for sure until we see more 990-Ts.

    Like wolfbane said, I know this doesn't really help. Hopefully some better minds than me can figure out what will work best on the cult. For right now, IDK myself what that is. :confused:
  20. The following is the new message being tweeted by COS sock accounts. I wonder why this particular message is being tweeted at this time? Look for this message elsewhere.

    Separate-01.PNG

    Separate-02.PNG
  21. The Wrong Guy Member

    Scientology tax return of the day

    Today, another whopper: The Church of Spiritual Technology’s 2012 return, which shows a book value of $447,192,921. CST is the odd organization that digs vaults in various parts of the country in order to store L. Ron Hubbard’s writings and lectures for future generations. We had one of the lengthiest, most complete stories about CST back in 2012.

    Let’s take another look at the book value of just three of Scientology’s major entities — the Church of Scientology International (CSI), the Flag Service Organization (FSO, which runs the ‘mecca’ in Clearwater, Florida), and CST in 2012, the most recent year for returns.

    CSI 2012 Book Value: $846,314,618
    CST 2012 Book Value: $447,192,921
    FSO 2012 Book Value: $209,655,686

    Total: $1,503,163,225

    Not bad for an organization with maybe only about 30,000 paying members left.

    Continued at http://tonyortega.org/2014/04/21/co...t-scientology-still-pursues-creative-appeals/
    • Like Like x 1
  22. wolfbane Member

    Follow the money: the cult's bank accounts are inflated by the whales and the front groups.

    The whales = the highest patron levels and the WISE companies that pay for their employees to drink the kool aid.

    We have put a hurting on the mother church in multiple ways over past 5-6 years. And their public image is shit. But has this put a big enough dent in their cash flow to justify all the faggots claiming "the cult is dieing!!!1!"

    No. They have merely stubbed their pinky toe imo.

    Death by a 1000 papercuts? Sure why not. If we can inflict 1000 cuts a year, on every single organization, for the next 20 years. Then they might finally grow weak enough that stubbing their pinky toe will elicit a small howl of pain.

    The process of the cult dieing a slow death will not start until the cult stops buying property and starts selling off its assets at a fraction of the book values we are seeing.

    We are nowhere near that point. So we need to cut the largest flows of money off at the source and start targeting the whales, the WISE companies and the front groups.

    We have readily available sauce to identify the highest patron level whales and front groups. But what we really need is somebody who is making ready to defect to leak a recent WISE membership list from the members-only website. Then we would have what we need to change tactics and go after the profit centers to stop the cash flow.
    • Like Like x 4
  23. Anonymous Member

    ^^^ This!!!
  24. The Wrong Guy Member

    Scientology tax return of the day

    Today we have the 2012 tax return for Narconon Georgia! Yes, the Scientology drug rehab facility that closed after being raided by county and state law enforcement officials in an ongoing probe following accusations of credit card and insurance fraud and that the center was rife with drug use.

    This document shows us that the executive director, Mary Rieser, who was chided by a judge for lying like a rug, made $92,400 in 2012. Was it worth it, Mary?

    Continued at http://tonyortega.org/2014/04/22/th...ogy-before-their-fraud-suit-will-live-or-die/
    • Like Like x 1
  25. Random guy Member


    Oh shit!
  26. The Wrong Guy Member

    Scientology tax return of the day

    On Wednesday, we brought you startling information that suggests Scientology’s flagship drug rehab facility, Narconon Arrowhead, is struggling financially, with only about 42 patients in a treatment center designed to house 230.

    Today, however, we have the 2012 tax return for another Narconon center, one in Glendale, California, which that year, at least, was doing quite well. Well enough to pay its officers some pretty sweet salaries. Here’s the breakdown for the people who run Narconon Fresh Start in Glendale:

    tonyortega.org/2014/04/25/video-vault-the-universe-is-yours-to-duplicate-mr-hubbard/
  27. The Wrong Guy Member

    DOX: Scientology’s pricey Florida ‘spiritual mecca’ keeps up its value in latest tax records

    By Jeffrey Augustine, The Underground Bunker, December 2, 2017

    Quote:

    In 2006, a change in the law required all non-profit organizations — even churches — to submit tax returns known as 990-T forms if they generated what is known as “unrelated business income.” A few years ago, I began finding and turning over to the Underground Bunker the 990-Ts for Scientology’s various entities.

    Often, that income is fairly modest. But what’s more important for our purposes is that on each 990-T form there’s a box to fill out for “book value.” In other words, these organizations are asked to estimate their value in assets.

    That requirement has led to a rare window into Scientology’s riches, and we like to keep up on the latest changes in those values.

    In this case, I’ve found new documents related to the Flag Service Organization (FSO), the entity that runs Scientology’s Flag Land Base in Clearwater, Florida. This is where wealthy Scientologists from around the world come for expensive high-level auditing and other services. And keep in mind, FSO is just one of many entities that make up the Scientology movement, but it’s one of the more important ones.

    <snipped>

    On a final note, even with the opening of the Super Power building on November 17, 2013 the Flag Land Base does not appear to have “boomed” whatsoever as a result of this edifice. Valued at $80,000,000, the Church of Scientology raised $145,000,000 for the project. Where did all the extra money go?

    More at https://tonyortega.org/2017/12/02/d...ida-keeps-up-its-value-in-latest-tax-records/

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