Watch Tower Bible and Tract Society of Canada

13893 Highway 7
Georgetown, ON L7G 4S4
President: Kenneth Little
Secretary: Andre Ramseyer

Website: N/A
Charitable Reg. #: 11928 8918 RR0001
Sector: Religion
Operating Charity

Social Results Reporting

Grade: F

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #0

Avg. Compensation $0

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2014

About Watch Tower Bible and Tract Society of Canada:

Founded in 1967, the Watch Tower Bible and Tract Society of Canada works with the Order of Special Full-Time Servants of Jehovah's Witnesses to promote Bible education. The Society conducts special training schools for those who take the lead in the preaching activity of Jehovah's Witnesses.

The Society granted money to 434 qualified donees in Canada and spent $67m in F2014 to support charitable programs in other countries to further the worldwide Bible educational work of Jehovah's Witnesses. The Society also works with the Order of Special Full-Time Servants in constructing and renovating places of worship known as Kingdom Halls.

During F2014, the Society sponsored 53 annual conventions in 24 locations within Canada to promote Bible education. It also printed 159m copies of the semi-monthly Bible journal 'The Watchtower', 124m copies of 'Awake!' (companion to The Watchtower), 17m Bible-based brochures, and 386m Bible-based tracts. These literature items were distributed to the public and to congregation members throughout Canada, the United States, the Caribbean and Guyana. The charity reported that it did not have any paid employees in F2014.

Financial Review:

The financial statements provided by the CRA for the Society had no auditor listed and contained no accompanying notes. The charity does not report any fundraising costs and has funding reserves of $27.5m which cover 24% of annual program costs.

This charity report is an update and is currently being reviewed by the charity. Changes and edits may be forthcoming.

Updated July 17, 2015 by Yash Ahuja.

Financial Ratios

Fiscal year ending August
201420132012
Administrative costs as % of revenues 8.5%11.7%10.4%
Fundraising costs as % of donations 0.0%0.0%0.0%
Program cost coverage (%) 24.2%107.3%156.1%

Summary Financial Statements

All figures in $000s
201420132012
Donations 56,48243,15044,368
Investment income 5,3543,0333,416
Total revenues 61,83646,18347,784
Program costs 77,99057,11051,312
Grants 35,9212162,045
Administrative costs 4,7915,0344,630
Fundraising costs 000
Cash flow from operations (56,866)(16,177)(10,203)
Funding reserves 27,51861,52083,282
Note: There is no indication that the financial statements have been audited.

Comments added by the Charity:

The charity provided these comments for a previous version. Updated comments may be provided shortly.

 

During the 2010 fiscal year, the Society’s printery, located in Georgetown, Ontario underwent a major retrofit to accommodate the installation of a new MANRoland Lithoman double wide printing press.  The press is now being used to produce approximately 260 million copies of The Watchtower and Awake! magazines annually, a ten fold increase in production.  These Bible based journals are distributed at no charge to the general public and to members of its congregations throughout Canada, the United States and the Caribbean. As a result, our program costs are expected to increase significantly beginning with the 2011 fiscal year.

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