DOX: Scientology's pricey Florida 'spiritual mecca' keeps up its value in latest tax records - 2017-12-02
Jeffrey Augustine is once again keeping us up to date on Scientology's financial documents. In this case, he has new figures on how much just one of many Scientology's entities is worth, according to newly available tax documents.
In 2006, a change in the law required all non-profit organizations — even churches — to submit tax returns known as 990-T forms if they generated what is known as "unrelated business income." A few years ago, I began finding and turning over to the Underground Bunker the 990-Ts for Scientology's various entities.
Often, that income is fairly modest. But what's more important for our purposes is that on each 990-T form there's a box to fill out for "book value." In other words, these organizations are asked to estimate their value in assets.