Royalty Income Options

[Observer]

Remnant Publications is a publisher of Christian literature that has been used by 3-ABN and/or Danny Shelton to publish some of their material. For example, they published The Ten Commandments Twice Removed, which has been distributed in the millions of copies.

An examination of their IRS Form 990s reveals some interesting information about their business. That information has been extracted from the publicly available IRS 990s, Part II:

Year--------------------Line---------------------Royalty Expense

2006---------------------43d--------------------$508,767.00

2005--------------------“------------------------$116,556.00

2004-------------------“-------------------------$ 26,178.00

2003--------------------43e---------------------$ 16,226.00

2002--------------------43d---------------------$ 12,438.00

2001--------------------*------------------------$ 17,652.00

2000--------------------*------------------------$ 6,542.00

1999---------------------------------------------Zero or Unknown

• = Information that came from an attached statement.

It is interesting that in the years 2000 to 2003 Remnant Publications never had royalty expense that exceeded 18 thousand dollars. Then in 2004 their royalty expense jumped by a factor of 1.61 times. Then again in 2005 it jumped by a factor of 4.45 over the previous year. That was exceeded in 2006 by a factor of 4.37 over the 2005 year.

In short, between 2004 and 2006, their expense increased by a factor of 19.43 times.

I can only wonder what their 2007 IRS 990 will reveal.

It appears that they increased their business by a phenomenal rate.

There is nothing to indicate in the 990s as to where this royalty expense went. I do not believe that 3-ABN has been their only client. In any case, Remnant Publications has done very well.

I will suggest that it would be of interest to know the figures as to what royalty expense will be in 2007.
It would be of interest to know the amount of royalties that were paid to either 3-ABN, or other people associated with 3-ABN.

NOTE: It would not be illegal for Remnant Publications to pay royalties to either 3-ABN or to others associated with 3-ABN. But, if this was done, it ought to be public knowledge.

This post has been edited by Observer: Oct 22 2007, 10:43 AM

[lurker]

It would not be illegal for Remnant to pay royalties to certain people at 3ABN. That is, Remnant would not be legally liable.

It might be illegal for certain people to accept the royalties because of their positions of influence at 3ABN.

What would be illegal would be for certain people to use their positions at 3ABN to 1.Possibly have the books printed at 3ABN's expense while 2.Personally profiting from the sale or royalties 3.Arranging to have 3ABN buy them 4.Using 3ABN to publicize the books 5.Using 3ABN to solicit free warehousing, hauling, and distribution of the books through such activities as the Ten Commandments weekend.

This post has been edited by lurker: Oct 22 2007, 08:54 AM

[Richard Sherwin]

We have been assured through the years that Danny just makes what a Adventist pastor makes, and since Danny has never been caught in a lie why would we even be looking into this issue? He being the face of Adventism and the anointed I can't understand the doubts raised. I'm sure that all the royalty income he makes goes right back into 3abn.

And I've got this bridge in Brooklyn for sale, 12,000,000 million in a Nigerian safe and can tell you where Jimmy Hoffa is buried too boot. Did I mention the whereabouts of the Ark? Both of em.

Richard

[runner4him]

Remnant Publications is a publisher of Christian literature that has been used by 3-ABN and/or Danny Shelton to publish some of their material. For example, they published The Ten Commandments Twice Removed, which has been distributed in the millions of copies.
NOTE: It would not be illegal for Remnant Publications to pay royalties to either 3-ABN or to others associated with 3-ABN. But, if this was done, it ought to be public knowledge.

Something is wrong with this picture that is forming in my mind.......along comes a simple man who grows into a well-known televangelist who recruits funds from "the people" to be able to spread the Gospel to the world......

"He" writes a book.....the hype goes out over the airways to all "the people"......the word spreads from church to church

Order "The Ten Commandments Twice Removed" books for a nominal fee....sometimes just the shipping costs.......

All "the people" get excited and are encouraged to order and distribute these books. No need to spend the author's money to advertise since a simple plug after plug from the TV programming goes all around the world. Even wealthy people out there can contribute large funds for the project. An instant success without much effort!

Meanwhile the royalties pour in for the author..........all while "the people" do all the sacrificing, leg work, etc. just to further the work. (of the author)

Well, it was a pretty good idea for the smart televangelist or whoever got the royalties and "the people" say----------?

[Pickle]

Observer, if you compare the literature sales year by year with the royalties paid out, you will find that the bulk of the royalties for 2006 must have had to do with the TCTR book, if the figure of $3 million for 4.3 million copies is indeed accurate.

[Panama_Pete]

Something is wrong with this picture that is forming in my mind.......

You're seeing that a path may not be what it seems to be.


Proverbs 14:12
"There is a path that seems right to men, but...."

[Panama_Pete]

Remnant Publications is a publisher of Christian literature that has been used by 3-ABN and/or Danny Shelton to publish some of their material. For example, they published The Ten Commandments Twice Removed, which has been distributed in the millions of copies.

An examination of their IRS Form 990s reveals some interesting information about their business. That information has been extracted from the publicly available IRS 990s, Part II:

Year--------------------Line---------------------Royalty Expense

2006---------------------43d--------------------$508,767.00

2005--------------------“------------------------$116,556.00

2004-------------------“-------------------------$ 26,178.00

2003--------------------43e---------------------$ 16,226.00

2002--------------------43d---------------------$ 12,438.00

2001--------------------*------------------------$ 17,652.00

2000--------------------*------------------------$ 6,542.00

1999---------------------------------------------Zero or Unknown

• = Information that came from an attached statement.

It is interesting that in the years 2000 to 2003 Remnant Publications never had royalty expense that exceeded 18 thousand dollars. Then in 2004 their royalty expense jumped by a factor of 1.61 times. Then again in 2005 it jumped by a factor of 4.45 over the previous year. That was exceeded in 2006 by a factor of 4.37 over the 2005 year.

In short, between 2004 and 2006, their expense increased by a factor of 19.43 times.

I can only wonder what their 2007 IRS 990 will reveal.

It appears that they increased their business by a phenomenal rate.

There is nothing to indicate in the 990s as to where this royalty expense went. I do not believe that 3-ABN has been their only client. In any case, Remnant Publications has done very well.

I will suggest that it would be of interest to know the figures as to what royalty expense will be in 2007.
It would be of interest to know the amount of royalties that were paid to either 3-ABN, or other people associated with 3-ABN.

NOTE: It would not be illegal for Remnant Publications to pay royalties to either 3-ABN or to others associated with 3-ABN. But, if this was done, it ought to be public knowledge.

These are some very "remarkable" numbers you have presented, Mr. Observer. Yes, it may be rather interesting to see the 2007 IRS 990.

[Whtz Happenin]

These are some very "remarkable" numbers you have presented, Mr. Observer. Yes, it may be rather interesting to see the 2007 IRS 990.

I am going to go out on a limb and predict that they will ask for an extension. Possibly ask for the form to be impounded.

[Observer]

The IRS Forms 990 for the years 1999 to 2006 have been obtained, and posted on <save3abn.com>. Some have commented on some of the information in those forums. The following is some of that information listed in tabular forum:


Year------------Col. 1-----------Col. 2-------------------Col. 3

2006---------$508,767.00----$4,316,011.00----------$2,369,477.00

2005---------$116,556.00----$1,228,662.00----------$ 821,822.00

2004---------$ 26,178.00----$2,009,825.00----------$ 911,317.00

2003---------$ 16,226.00----$ 888,844.00-----------$ 475,498.00

2002---------$ 12,,438.00----$ 743,346.00----------$ 415,965.00

2001---------$ 17,652.00----$ 570,894.00----------$ 378,948.00

2000---------$ 6,542.00----$ 721,476.00-----------$ 564,373.00

1999--------------------See Note 4----------------------$ 388,532.00

NOTES:

1) Col. 1 represents the royalty expense. In most cases it was listed in Part II, Line 43d. However, in 2003 it was listed on line 43e, and in 2001 and 2000 it was obtained from attached statements.

2) Col. 2 represents total literature sales, which is listed in Part VII, line 93a.


3) Col. 3 represents the expenses associated with the production and distribution of the literature. These figures were obtained from Part IIIa.

4) I have not posted a couple of the figures for 1999 as they are not clearly stated, although an examination of the 990 might give one an idea of what they were.


5) This post is for information purposes only. I have attempted to accurately copy them from the posted 990s. If I have made an error, I will welcome a correction. Remnant Publications is a legal business that I assume conducts it business in a legal manner. Therefore, I do not imply in any way that there is anything illegal in the above. While 3-ABN is a client of Remnant Publications, I assume that it has conducted its relationship with Remnant Publications in a legal manner. I assume that Remnant Publications has clients other than 3-ABN. Therefore, it should not be assumed that the figures listed above apply only to business done with 3-ABN.

6) The 990s from which the above informaiton was obtained were for Remnant Publications, not 3-ABN.

This post has been edited by Observer: Oct 23 2007, 01:42 PM

[GRAT]

In 2000 in column 2 is there an extra number?

[Observer]

In 2000 in column 2 is there an extra number?

Yes, that was an error.

When I get a chance I will post the correct number.

Thank you.

Corrected!

This post has been edited by Observer: Oct 23 2007, 10:19 AM

[Stan]

Would be interested if anyone knows the royalties process for Doug, and all the other TV people get?

[Pickle]

I doubt Doug would allow AFacts to go $3 million in the hole in the same year AFacts bought $3 million worth of books from somebody else, putting $1 million or more of profits in that other publisher's pocket and $300,000 of royalties into his own.

The numbers above may be a little different than the present situation, but it's something like that.

[Statrei]

It is a simple transaction. 3ABN bought a book to be distributed at cost to its viewers and supporters. It just happens that the author who receives the royalties he is legally entitled to is also the President of 3ABN. The book does not have to be of good quality as long as 3ABN needs it there will be publication runs and royalty payments.

[Pickle]

It isn't that simple. Reports are that Danny could have gotten the book done elsewhere for around half the cost.

And one has to wonder why Remnant published the book instead of DLS Publishing. Why did he switch publishers?