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Re: theos-talk Financial Info about TSA etc

Sep 20, 2010 09:50 AM
by MKR

To find the returns, when you go to link I provided, type in 'theosophical'
(without quotes) in the organization box and 'Ilinois' in the State Box and
you will get the returns. Once the list is shown, you can download a copy of
the pdf file.

Here are the 990s in pdf file format for Theosophical Society in America and
Theosophical Investment Trust.



Enjoy reading the returns. If you have any questions, call Wheaton.


On Mon, Sep 20, 2010 at 8:31 AM, MKR <> wrote:

> Most spiritual organizations are tax exempt in the USA. This allows them to
> receive donations and donors deduct the donations in their tax returns and
> save on taxes. In addition, they do not pay in tax on their income as well
> as they do not pay tax on their property holdings. Hence, tax payers, you
> and me, subsidize these organizations.
> It is a pervasive fact that there is a inherent tendency to keep many of
> the
> financial matters secret from the members and the public. Even when
> financial statements are presented, they hide many of the details of
> interest to members and public. For example, about a decade ago, when I
> inquired the then President of TSA to send me documents detailing how the
> trustees of the Theosophical Investment Trust are appointed, I received no
> answer. There was no answer possibly because the Trust formed in Illinois
> requires no disclosure of such details even though the Trust is handling
> the
> funds of TSA and I am a long time dues paying member of TSA. Now all that
> has changed.
> After a lot of allegations about improper financial dealings of the tax
> exempt organizations, US Congress is now demanding more transparency and
> require most organizations to file a tax return Form 990 and they are in
> the
> public domain. The new Form 990 introduced for 2009 tax year provides lot
> more extensive information on the finances and the operations of the
> organizations. In addition, the current law and regulations require the tax
> exempt organizations to provide easy access to the information such as the
> tax exempt application, bylaws, and copies of tax returns. Non compliance
> will bring the full weight of the US Government on the organization and
> hence they now have no choice but to comply.
> I recently found a data base on Internet where you can download the Form
> 990
> of tax exempt organizations for the past several years. I have given you
> the
> link to the forms of TSA, TIT and a few other Theosophical entities. You
> may
> want to download the Form 990s and see for yourself the information in the
> returns.
> <>
> There is no religion higher than Truth
> [Non-text portions of this message have been removed]

[Non-text portions of this message have been removed]

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