- Sep 24, 2005
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I don't know how many employee's 3ABN has but we certainly can't expect those working there to work for nothing. As far as the carry over, I have heard Danny say many times that they had no extra held over in the bank. Bank deposits and balances are redily available upon demand if you go thru the proper channels. I agree 3ABN should be forth coming to substantiate any profits the ministry carries foward. However, what is the insinuation or point to this? That there should be absolutely no profit carried forward?
So they have to pay property tax now. How does this show any kind of corruption or under handed dealings? I think the ruling is probably correct unless they change the way they are operating.
God Bless
Jim Larmore
The point is that they were declared to be a for-profit organization for property-tax purposes. Their net profits--that is, after wages, after expenses--totaled between $1 million and $2 million for those two years. Since they receive some of my money indirectly (though I've never donated to them directly), from the church ministries that pay them for airtime, I want to know how their profits are being used. The evidence shows that their claims of being a non-profit organization are false.
Also, we shouldn't have to go to the State of Illinois public records to find out how the financial contributions to 3ABN are being distributed; reputable non-profit organizations that want to preserve donors' confidence in them should voluntarily make that information available so that people know how much of their money is actually being used directly to help others and how much is going to administrative costs.
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