Theos-Talk Archives (December 2006 Message tt00829)

Re ULT Finances


    Thanks to Dr. Tillet for this information 
of public record.


    What the heck is going on here?  $6.1 
million in assets - which can't be all 
books and Lodge buildings.  Why in the heck 
does someone well-motivated like Wheeler 
have to work like heck to get donations of 
a few thousand dollars to publish a book??  
Who are all these people?  Why in the 
world would a Theosophical organization 
have millions of dollars for the personal 
use of a FEW people who few know - Why don't 
they open a soup kitchen or drill wells 
in Africa?  As Emmett Small said to me once, 
in relating what GdeP said about financial 
difficulties - "...if you ever are not 
hard-pressed for money - then you are doing 
something wrong!"


    Here I was feeling empathetic for ULT 
because because I figured they were 
hard-pressed (maybe most are...) - and 
they have millions.... (repost below)


    Will wonders ever cease!


                    - jake j.


--------------------
<6a. The Theosophy Company
    Posted by: "gregory@zeta.org.au" gregory@zeta.org.au 
    Date: Mon Dec 18, 2006 4:55 pm ((PST))

<Documents lodged for taxation purposes by The Theosophy Company for 
2004
shed some light on that organization. Its directors were: Wesley 
Amerman
(President), Joseph Martin (Vice-President), W. Dallas TenBroeck
(Secretary), Rosemary Jourdan (Assistant Secretary), Colin Baker, 
Howard
<McOwen, Joseph Rudison, Lavera Samuels, Carolyn Van Horn and Valerie
TenBroeck.
<At the beginning of the year it had assets of approx. $6.1 million, and 
by
the end of the year approx. $4.9 million. Some $627,000 had been
<transferred to the ULT of New York. The Theosophy Company paid some
$160,000 in salaries (although none of the Directors received 
payments).
<Its income was approx. $1.3 million, and it owned land and buildings to
the value of approx. $666,000. There were loans of approx. $110,000
outstanding to three named, but otherwise undescribed individuals.

<Dr Gregory Tillett


--------------
<6b. Re: The Theosophy Company
    Posted by: "samblo@cs.com" samblo@cs.com 
    Date: Mon Dec 18, 2006 8:08 pm ((PST))

<Gregory,
    Thanks, it is interesting. I wonder "why" New York ULT received the 
<$627.000 transfer? Is there a tax record for the New York ULT? There 
looks to be 
<some $303,000 difference remaining unmentioned as regards the $1.2 
million 
<change in assets of 2004 after $897,000 of stated expenses and 
disbursements are 
deducted.

<John

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