Scientology rehab Narconon Arrowhead in dire financial state.
Tony Ortega: New Scientology financial disclosures reflect the dire state of its chief drug rehab
http://ift.tt/2b30sxh
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[SNIP]
Narconon Arrowhead’s most recent 990 tax return, for 2014 (see below), paints a grim story.
Gross receipts that year were $4,117,845, a combination of gifts ($2,034,017) and sales of services ($2,044,407).
How did Narconon Arrowhead come up with $2 million in gifts? The answer is on another 990 tax form, the one submitted by Narconon’s Scientology umbrella organization, the Association for Better Living & Education (ABLE). In 2014, ABLE gave Arrowhead a “grant” of $1,879,286 for “general support.” Arrowhead’s remaining gift amount presumably came from other Scientology organizations. We can say that with some confidence based on precedent. In 2008, Scientology’s Social Betterment Properties International (SBPI) donated $180,000 to Narconon Arrowhead. Apparently, and for public relations reasons, David Miscavige cannot allow Narconon Arrowhead to become insolvent — it is, after all, the flagship of Narconon.
Arrowhead’s losses (revenues less expenses) for the year were $310,714. But that’s misleading. The real number, once you take away what was “gifted” to Arrowhead by ABLE to keep it afloat, is a real annual loss of at least $2,190,000. In other words, Scientology’s other groups had to prop up Narconon Arrowhead with $2 million in gifts so it would only show an annual loss of $310,714 in 2014. Of course, it is possible to work the numbers in different ways, but I am using very basic accounting. I welcome comments and analysis from the real numbers people here at the Bunker.
[SNIP]
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Scientology rehab Narconon Arrowhead in dire financial state
Tony Ortega: New Scientology financial disclosures reflect the dire state of its chief drug rehab
http://ift.tt/2b30sxh
* * * * * BEGIN EXCERPT * * * * *
[SNIP]
Narconon Arrowhead’s most recent 990 tax return, for 2014 (see below), paints a grim story.
Gross receipts that year were $4,117,845, a combination of gifts ($2,034,017) and sales of services ($2,044,407).
How did Narconon Arrowhead come up with $2 million in gifts? The answer is on another 990 tax form, the one submitted by Narconon’s Scientology umbrella organization, the Association for Better Living & Education (ABLE). In 2014, ABLE gave Arrowhead a “grant” of $1,879,286 for “general support.” Arrowhead’s remaining gift amount presumably came from other Scientology organizations. We can say that with some confidence based on precedent. In 2008, Scientology’s Social Betterment Properties International (SBPI) donated $180,000 to Narconon Arrowhead. Apparently, and for public relations reasons, David Miscavige cannot allow Narconon Arrowhead to become insolvent — it is, after all, the flagship of Narconon.
Arrowhead’s losses (revenues less expenses) for the year were $310,714. But that’s misleading. The real number, once you take away what was “gifted” to Arrowhead by ABLE to keep it afloat, is a real annual loss of at least $2,190,000. In other words, Scientology’s other groups had to prop up Narconon Arrowhead with $2 million in gifts so it would only show an annual loss of $310,714 in 2014. Of course, it is possible to work the numbers in different ways, but I am using very basic accounting. I welcome comments and analysis from the real numbers people here at the Bunker.
[SNIP]
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