Latest buffonery concerning SLC downtown development

The catch-all forum for general topics and debates. Minimal moderation. Rated PG to PG-13.
_TAK
_Emeritus
Posts: 1555
Joined: Thu Feb 08, 2007 4:47 pm

Re: Latest buffonery concerning SLC downtown development

Post by _TAK »

Jason Bourne wrote:
Your problem here is assuming that the Church cannot help the homeless, cold and hungry while doing this project as well. Of course if they took that money and diverted to this type of activity they would have more $$ towards it. But the church still does a lot of this activity as well.


Would you concede that the amount the church spends on those types of activities is less than 1% of its total income?

If you can't - can you prove other wise?
God has the right to create and to destroy, to make like and to kill. He can delegate this authority if he wishes to. I know that can be scary. Deal with it.
Nehor.. Nov 08, 2010


_________________
_solomarineris
_Emeritus
Posts: 1207
Joined: Mon Jun 25, 2007 1:51 am

Re: Latest buffonery concerning SLC downtown development

Post by _solomarineris »

Jason Bourne wrote:
Lets see...
1. The SLC project is grossly over budget

It is? Can you reference me to said budget so I can review it?
[quote]

JB,
I'm presuming you're an active, tithe paying guy, (if not my bad, you don't have to say nothing).
If you are however, your question should be directed to your Bishop or Stake President, make them
accountable to tithe payer.
Mercury might blow smoke but so are the ecclestial leaders.
How would you know?
You'll never have the facts.
The Brass get away without being accountable for so long.
No amount of faith can justify such arrogance.
_harmony
_Emeritus
Posts: 18195
Joined: Fri Oct 27, 2006 1:35 am

Re: Latest buffonery concerning SLC downtown development

Post by _harmony »

solomarineris wrote:If you are however, your question should be directed to your Bishop or Stake President, make them
accountable to tithe payer.


*sigh*... another instance of: Know thy audience.

Jason is or has been a bishop. He's mentioned it many times here.
(Nevo, Jan 23) And the Melchizedek Priesthood may not have been restored until the summer of 1830, several months after the organization of the Church.
_Jason Bourne
_Emeritus
Posts: 9207
Joined: Sun Oct 29, 2006 8:00 pm

Re: Latest buffonery concerning SLC downtown development

Post by _Jason Bourne »

Would you concede that the amount the church spends on those types of activities is less than 1% of its total income?

If you can't - can you prove other wise?



Well I do not know for certain nor do you as the books are not open. But if we add fast offering assistance, assume an average ward pays out $20,000 a year in such assistance (food, rent, medical help, utilities) which is a fair assumption and multiply that by 25,000 wards we get $500.000.000 annually. Now we would need to add to that all other humitarian aid that the Church does world wide which is not insubstantial, but I cannot obtain a number but let's guess that that may be $100,000,000 soo maybe the Church does about $600,000,000 a year in such aid. I read in the book Mormon America that a good estimate of the annual income for the Church is $6,000,000,000. So my guess is about 10% a year. So while I cannot prove this I think it is a reasonable guess based on what I know about Church finances and such activities.

Now we also have to consider that the Church has a large payroll because it is a large organization that needs employees. And it supports money consuming assets, IE buildings the generate no income or consume it. And it needs the build more buildings every year for its growing membership. And it needs to have money to run the programs of each ward. So a large amount of its income goes to operating the Church affairs that are valid uses of its resources.

A better question is how much of it bottom line after the things I outline above goes to the poor, etc. My guess is it is substantial.
_Jason Bourne
_Emeritus
Posts: 9207
Joined: Sun Oct 29, 2006 8:00 pm

Re: Latest buffonery concerning SLC downtown development

Post by _Jason Bourne »


JB,
I'm presuming you're an active, tithe paying guy, (if not my bad, you don't have to say nothing).


Yea I am a tithe payer.


If you are however, your question should be directed to your Bishop or Stake President, make them
accountable to tithe payer.


Well this is a problem as they bishop and SP have no information to base such a discussion on.

Mercury might blow smoke but so are the ecclestial leaders.
How would you know?
You'll never have the facts.
The Brass get away without being accountable for so long.
No amount of faith can justify such arrogance.



You may not have noticed but this is one of my complaints as well. I would like to see published financial statements and open books.
_TAK
_Emeritus
Posts: 1555
Joined: Thu Feb 08, 2007 4:47 pm

Re: Latest buffonery concerning SLC downtown development

Post by _TAK »

Jason Bourne wrote: [

Well I do not know for certain nor do you as the books are not open. But if we add fast offering assistance, assume an average ward pays out $20,000 a year in such assistance (food, rent, medical help, utilities) which is a fair assumption and multiply that by 25,000 wards we get $500.000.000 annually. Now we would need to add to that all other humitarian aid that the Church does world wide which is not insubstantial, but I cannot obtain a number but let's guess that that may be $100,000,000 soo maybe the Church does about $600,000,000 a year in such aid. I read in the book Mormon America that a good estimate of the annual income for the Church is $6,000,000,000. So my guess is about 10% a year. So while I cannot prove this I think it is a reasonable guess based on what I know about Church finances and such activities.

Now we also have to consider that the Church has a large payroll because it is a large organization that needs employees. And it supports money consuming assets, IE buildings the generate no income or consume it. And it needs the build more buildings every year for its growing membership. And it needs to have money to run the programs of each ward. So a large amount of its income goes to operating the Church affairs that are valid uses of its resources.

A better question is how much of it bottom line after the things I outline above goes to the poor, etc. My guess is it is substantial.


Try again..
According to the Churches website it has donated:

HUMANITARIAN CASH DONATIONS SINCE 1985: $259.8 MILLION
VALUE OF HUMANITARIAN MATERIAL ASSISTANCE SINCE 1985: $750.9 MILLION.

Or a total of a little over 1 Billion over 22 years or about 45 million a year. Time Magazine estimated ten years ago the Annual income of the church at 5 Billion a year. Assuming just the same figure ten years later that works out to less than a ½ a percent per year.


http://newsroom.LDS.org/ldsnewsroom/eng ... nformation

by the way, the figures used by the church may very well be counting man hours of donated labor - noble on the part of the saints who did the service but sorta cheesy on the part of your leaders to count it.

Also .. If you think 100 million a year in fast offerings is accurate then you should be asking yourself what church leaders are doing with the difference..
God has the right to create and to destroy, to make like and to kill. He can delegate this authority if he wishes to. I know that can be scary. Deal with it.
Nehor.. Nov 08, 2010


_________________
_Jason Bourne
_Emeritus
Posts: 9207
Joined: Sun Oct 29, 2006 8:00 pm

Re: Latest buffonery concerning SLC downtown development

Post by _Jason Bourne »


Try again..
According to the Churches website it has donated:

HUMANITARIAN CASH DONATIONS SINCE 1985: $259.8 MILLION
VALUE OF HUMANITARIAN MATERIAL ASSISTANCE SINCE 1985: $750.9 MILLION.

Or a total of a little over 1 Billion over 22 years or about 45 million a year. Time Magazine estimated ten years ago the Annual income of the church at 5 Billion a year. Assuming just the same figure ten years later that works out to less than a ½ a percent per year.



But the 1 Billion over 22 years does not include the estimate I gave of 500 Billion a year in fast offering assistance. This number is apart from that. So I was off in my 100 Million a year by 55 Million. Including FO assistance that number is still close to 10% of annual revenue and as noted a substantial part of after operations revenue.


by the way, the figures used by the church may very well be counting man hours of donated labor - noble on the part of the saints who did the service but sorta cheesy on the part of your leaders to count it.


Perhaps. Neither of us know that for sure.
Also .. If you think 100 million a year in fast offerings is accurate then you should be asking yourself what church leaders are doing with the difference.


I am not sure where you get 100 Million. The FO number I estimated was 500 Million and by the way, many wards operate in a deficit-their local FO assistance exceeds their local intake for FO-and such deficits are off set by wards with surpluses. If the overall Church is at a defecit tithing is kicked in to make up the difference.
_TAK
_Emeritus
Posts: 1555
Joined: Thu Feb 08, 2007 4:47 pm

Re: Latest buffonery concerning SLC downtown development

Post by _TAK »

Jason:
But the 1 Billion over 22 years does not include the estimate I gave of 500 Billion a year in fast offering assistance. This number is apart from that. So I was off in my 100 Million a year by 55 Million. Including FO assistance that number is still close to 10% of annual revenue and as noted a substantial part of after operations revenue.


I think you mean million..
They list a billion over 22 years.. Do you really think that if the Church was ALSO giving $500 million a year away from fast offerings that they would not put it in the static’s as well?

There is no 500 Million a year. Its less than 1/2% of total revenue.
God has the right to create and to destroy, to make like and to kill. He can delegate this authority if he wishes to. I know that can be scary. Deal with it.
Nehor.. Nov 08, 2010


_________________
_Jason Bourne
_Emeritus
Posts: 9207
Joined: Sun Oct 29, 2006 8:00 pm

Re: Latest buffonery concerning SLC downtown development

Post by _Jason Bourne »

Jason:
But the 1 Billion over 22 years does not include the estimate I gave of 500 Billion a year in fast offering assistance. This number is apart from that. So I was off in my 100 Million a year by 55 Million. Including FO assistance that number is still close to 10% of annual revenue and as noted a substantial part of after operations revenue.

I think you mean million..
They list a billion over 22 years.. Do you really think that if the Church was ALSO giving $500 million a year away from fast offerings that they would not put it in the static’s as well?

There is no 500 Million a year. Its less than 1/2% of total revenue.


Yes million. Sorry. The Church does not list fast offerings. The number you used for humanitarian aid has been discussed in conference and they list our the type of stuff they do. Plus there is a spot on the LDS donation from for humanitarian aid that is separate from FO. And the estimate of 500 Million a year is reasonable and you are simply wrong about this. Further, based on what I do know about how much a bishop on average gives out in a year for FO assistance there is no way the number for the past 22 years could include FO. It is impossible. You must add FO to this number. When you do it is about 10% of gross revenue.
_TAK
_Emeritus
Posts: 1555
Joined: Thu Feb 08, 2007 4:47 pm

Re: Latest buffonery concerning SLC downtown development

Post by _TAK »

Jason Bourne wrote:Jason:
But the 1 Billion over 22 years does not include the estimate I gave of 500 Billion a year in fast offering assistance. This number is apart from that. So I was off in my 100 Million a year by 55 Million. Including FO assistance that number is still close to 10% of annual revenue and as noted a substantial part of after operations revenue.

I think you mean million..
They list a billion over 22 years.. Do you really think that if the Church was ALSO giving $500 million a year away from fast offerings that they would not put it in the static’s as well?

There is no 500 Million a year. Its less than 1/2% of total revenue.


Yes million. Sorry. The Church does not list fast offerings. The number you used for humanitarian aid has been discussed in conference and they list our the type of stuff they do. Plus there is a spot on the LDS donation from for humanitarian aid that is separate from FO. And the estimate of 500 Million a year is reasonable and you are simply wrong about this. Further, based on what I do know about how much a bishop on average gives out in a year for FO assistance there is no way the number for the past 22 years could include FO. It is impossible. You must add FO to this number. When you do it is about 10% of gross revenue.


CFR
God has the right to create and to destroy, to make like and to kill. He can delegate this authority if he wishes to. I know that can be scary. Deal with it.
Nehor.. Nov 08, 2010


_________________
Post Reply