TG1
Angelic Poster
Veda,
As I know you know, the value of an organization depends on its:
Book value - total value of the company's assets that shareholders would theoretically receive if a company were liquidated
vs.
Market value - what the organization would sell for on the open market
In addition to cash in hand, debts, accounts receivable, etc., there are also things like good will, intellectual property, value of the brand, etc., that add to or detract from the brand.
Ahem.
I've read old-timers say (but don't know this myself) that the unpaid US taxes levied against the CoS prior to the big IRS settlement put the CoS's book value far in the red. In other words, the church then owed more in taxes than all its sellable assets.
If the rumors about the SO reserves, funded by IAS donations, are true, that's somewhere between $1 and $2 billion. If not, it's less than that.
Add to that the CoS's owned real estate. If that were all sold on the open market right now (regardless of how much the CoS and parishioners actually paid for it, which was too much) that might be worth between $500K and $1 billion. Big range, but that's the best I can do.
Subtract from that the value on CoS's books of tech services paid for but not delivered yet. I've heard this deficit is considerable. Purely arm-waving, I'd guess it's around $250 million.
I doubt there are any outstanding debts to speak of. Certainly there are no employment contracts to pay off. Some legal fees, some architectural / planning fees perhaps. Maybe $50 million max?
Based on the above armwaves, that makes CoS worth today between (rounded off) somewhere between $1.2 and $2.7 billion.
Again, am only arm-waving.
TG1
As I know you know, the value of an organization depends on its:
Book value - total value of the company's assets that shareholders would theoretically receive if a company were liquidated
vs.
Market value - what the organization would sell for on the open market
In addition to cash in hand, debts, accounts receivable, etc., there are also things like good will, intellectual property, value of the brand, etc., that add to or detract from the brand.
Ahem.
I've read old-timers say (but don't know this myself) that the unpaid US taxes levied against the CoS prior to the big IRS settlement put the CoS's book value far in the red. In other words, the church then owed more in taxes than all its sellable assets.
If the rumors about the SO reserves, funded by IAS donations, are true, that's somewhere between $1 and $2 billion. If not, it's less than that.
Add to that the CoS's owned real estate. If that were all sold on the open market right now (regardless of how much the CoS and parishioners actually paid for it, which was too much) that might be worth between $500K and $1 billion. Big range, but that's the best I can do.
Subtract from that the value on CoS's books of tech services paid for but not delivered yet. I've heard this deficit is considerable. Purely arm-waving, I'd guess it's around $250 million.
I doubt there are any outstanding debts to speak of. Certainly there are no employment contracts to pay off. Some legal fees, some architectural / planning fees perhaps. Maybe $50 million max?
Based on the above armwaves, that makes CoS worth today between (rounded off) somewhere between $1.2 and $2.7 billion.
Again, am only arm-waving.
TG1