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among other things: the total compensation of each officer, director, and
key
employees; every transaction with each officer or director including any
extensions of credit or sales of properties; each transaction involving the
purchase or sale of a security or investment including the cost, fair
market
value, and any gain or loss on the transaction; all distributions to other
charities or other recipients; a balance sheet, income statement, as well
as
other financial disclosures. This report, although not required to be
audited, is
audited by independent certified public accountants and their report,
together
with the Foundation's report, are public documents available for public
inspection. Moreover, the Foundation also files an annual statement with
the
State of California Department of Justice showing each California financial
institution (and account number) with which it does business and authorizes
disclosure to the Attorney General of any and all financial records
pertaining
to the Foundation held by such financial institution.
Ambassador College files a similarly detailed accounting each year with the
State of California Franchise Tax Board. Their latest audited report was a
52-page document that required over 250 hours to prepare and which listed
each
transaction with each officer and director, as well as other pertinent
information such as description of each piece of real or personal property
sold
during the year along with the buyer's name and relationship, the
historical
cost, fair market value, expenses of sale, and gross sales price.
Both the Foundation and the College file identical disclosures with the
federal
government and all of these documents are available for public inspection.
Worldwide Church of God also files an annual information return with the
Franchise Tax Board, although the State has chosen to require fewer
disclosures of religious institutions.
In each case, the level of detail required to be presented in these
accountings
is dictated by the State and in every instance each of the corporations has
fully complied with such requests for accountings. These accountings are
available to all contributors and potential contributors. They are
available to
the News Media. They are most certainly available to the Deputy Attorney
General Lawrence Tapper and Deputy Attorney General Hillel Chodos.
Therefore, it is clearly a malicious abuse of the legal process for a
Deputy
Attorney General Lawrence Tapper and Deputy Attorney General Hillel
Chodos to falsely state that no accounting has ever been made and that
financial disclosures have been sporadic or incomplete. Because the Deputy
Attorney General Lawrence Tapper and Deputy Attorney General Hillel