Author Topic: 2021 - Accounting for Magisterial Foundation Donations and Expenses  (Read 4537 times)

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Offline Ron Besser

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Thank you all for your generous support of the Magisterial Foundation in 2021.  I am making a full financial disclosure for your edification as to show your Foundation's income and expenses.  These statistics are as follows:


Our Financial Activity:
Ending Balance Dec 31, 2020
January 01, 2021, Opening Balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . $25,638.65
Income:
Jan 01, 2021 thru Dec 25, 2021 DONATIONS . . . . . . . . . . . . . . . . . . . $38,158.38
Royalties Received from book sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,930.60
Expenses:
2021 Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $36,561.22
Ending Balance:
Balance ending 25 December 2021. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $31,166.41
Expense By Department
1 - Publication of two books, distribution, advertising. . . . . . . . . . . . . . . $17,500.00
The Origins of Aids and Autism
The Crown, The Tomb, and The Coronation: The Imminent Return of Christ
2 - Patent Application for WTP Invention by the Magisterial Foundation . . $11,250
3 - Telephone, office supplies, web page services, accounting . . . . . . . . . $7,811.22


WE still have pending the WTP Patent.  That might be a good income for the Magisterial Foundation if we can get the demonstration and proof of concept concluded in 2022.  Right now I expect we may do that, but everything depends on funding.  If there are more expenses to the application to the United States Patent Office for application, I am not aware of them for 2022.


We have a new book to publish called The Cosmology of Infinity to do.  I have the third draft completed but the Magisterial Son RAYSON indicates I have to at least a 4th draft of the book before it is ready to go to press.  I am not looking to charge into the Magisterial Foundation costs for publication which it normally affords us to do; rather, it has been suggested to me by Salvington they may wish to handle The Cosmology . . . .  differently than we used in past publishing means. 


Further more in 2022, I suspect we have a new corporation to publish the works dealing with the WTP project.  That is to design and build a public utility near me to send electricity out to homes and cars by broadcasting it like a radio station without wires and all that fuss we do not to hook up to electricity.  RAYSON says we can get it going and maybe built in 2022.  That funding will be processed through The RAYSON Corporation. which I just opened its own bank account at the end of December 2021. 


Please, we still need donations to operate the basics for the Magisterial Foundation and submit we cannot do it without you and your regard for our work which is to publish those things to have the public at least recognize elements of the 5th epochal revelation as relevant to their needs and benefits.  IT is Lightlines we started and continue and many other things like this web site we provide for public information.  I thank all who supported us so well in 2021 and remind you all the world of service also requires a world of donors to keep us going.  Thank you everyone for thinking of is and giving so well in the past.


Ron Besser/Director Magisterial Foundation






Mail your donation help of check or money order to avoid cost of charges by PayPal or cards to:

The Magisterial Foundation
2709 Sunset Lane
York, PA., 17408-9566

(The Magisterial Foundation is a charity operating as a 501 c 3 corporation. Income Tax deductible contributions may be claimed in the USA.  Your government may have a similar program to check on too.)



END
« Last Edit: January 05, 2022, 12:23:40 pm by Ron Besser »
Located in Historic York, Pennsylvania

Offline felibon

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Re: Donations Received to 27 January 2021 FYI
« Reply #1 on: January 28, 2021, 05:52:13 am »
Hello Ron!
Have you ever considered the option to recibe donations on crypto currencies like Bitcoin, USDC etc?
As other charity organizations do like savethechildren.org
It could be a great option for low fee transactions all arround the world and i think US goverment treats it as ....“The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are tax deductible. Your contribution is tax-deductible to the fullest extent permitted by law. For example, for donors in the United States, the IRS has classified Bitcoin as property for tax purposes”
Who knows.. just an idea !
Domtia.

Offline Ron Besser

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Re: 2021 - Accounting for Magisterial Foundation Donations and Expenses
« Reply #2 on: January 05, 2022, 12:28:59 pm »
Bump for viewing
Located in Historic York, Pennsylvania