Join us for part 2 of our review of the Widow’s Mite Report, which investigates and reports on LDS Church finances. Today we will discuss Ensign Peak Advisors, the Mormon church’s real estate holdings, and their extensive construction of temples.
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Regarding so called “dark assets” in the billions at 41 minutes…
The latest 990-T for the first time indicates EPA has accounts in “various countries”. The 990-T instructions state “enter the name of the foreign country”. EPA does not list the foreign countries.
Once again EPA is deliberately withholding information.
Per David Nielsen’s memo to the Senate Finance Committee, the foreign accounts hold billions in assets.
“Another repeated, material false statement on each of EPA’s Form 990-T filings from at least 2007 until 2018 was that EPA falsely denied the existence of its foreign accounts, valued in the billions of dollars. And confirming that EPA lied in its 2007 – 2018 filings of 990-T, in 2019 EPA first admitted the existence of its foreign accounts—a filing made after EPA learned of Mr. Nielsen’s November 2019 submission to the IRS.”
The foreign accounts are allegedly material and certainly dark.
Wow what a backfire. All you did is make me as a listener realize how incredibly well the church manages its money. So many organizations in the world mismanage and waste people’s money, apparently they should learn from the church. I’m not even a TBM but somehow this made me more faithful.
The accountant you had on was excellent, the other two contributed nothing other than coming across as completely out of their depth in trying to create gotcha comments.
Some ideas: end poverty, end hunger, be the front runner in fighting climate change, end homelessness, etc, etc, etc. There are PLENTY of things they could do with it other than sitting on it and letting it grow exponentially.