Mormon Owned Businesses - Owned by the Mormon Church

Subject:	LDS Inc. - a partial listing of corporations owned by the Mormon Church
Date:	Jul 22 12:13 2005
Author:	Secret Agent exMo

These are the corporations that I know of or could find. Add more if you know more!

Deseret Management Corporation - http://www.deseretmanagement.com/
Beneficial Financial Group - http://www.beneficialfinancialgroup.com/
Bonneville International - http://www.bonnint.com/
Bonneville Communications - http://www.bonneville.com/
Bonneville Interactive Services
Bonneville Satellite - http://www.bonnevillesatellite.com/
35 Radio Stations
1 Television Station (KSL)
Deseret Book - http://deseretbook.com/
Excel Entertainment - http://www.xelent.com/
Deseret Morning News - http://deseretnews.com/dn
Hawaii Reserves - http://www.hawaiireserves.com/
Polynesian Cultural Center (PCC) - http://www.polynesia.com/ and http://www.polynesia.co.jp/
La'ie Shopping Center
La'ie Park
La'ie Cemetary
Hukilau Beach Park
La'ie Water Company
La'ie Treatment Works (sewer)
Mstar.net - http://www.mstar.net/preportal/index.asp
Temple Square Hospitality - http://www.htsc.net/ and http://www.hoteltsc.com/
Weddings (JSMB and Lion House)
The Inn at Temple Square - http://www.diningattemplesquare.com/
Lion House Pantry - http://www.diningattemplesquare.com/
The Roof Restaurant - http://www.diningattemplesquare.com/
The Garden Restaurant - http://www.diningattemplesquare.com/
Passages Restaurant - http://www.diningattemplesquare.com/
Zions Securities Corporation - http://www.zsc.com/

Farm Management Corporation (commericial farms and agricultural properties)
Deseret Land and Livestock
200,000 acres of land in Rich, Morgan and Weber counties (Utah)
Sun Ranch (Martin's Cove)
Deseret Ranches of Florida (Orlando) (largest ranch in Florida)
Deseret Farms of California
Rolling Hills (Idaho)
West Hills Orchards (Elberta, Utah)
Cactus Lane Ranch (Arizona)
(more)

Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-day Saints (CPB)
Corporation of the President of the Church of Jesus Christ of Latter-day Saints
Deseret Trust Company
LDS Family Services
Property Reserves Inc. (PRI)
Ensign Peak Advisors - http://www.imno.org/articles.asp?qid=123

Deseret Mutual Benefit Administrators (DMBA) - http://www.dmba.com/

Brigham Young University (BYU) - http://home.byu.edu/webapp/home/index.jsp
BYU - Idaho - http://www.byui.edu/
BYU - Hawaii - http://www.byuh.edu/index.jsp
LDS Business College - http://www.ldsbc.edu/

Subject:	It used to be MUCH worse... A must read!!
Date:	Jul 22 16:47
Author:	Deconstructor

I thought you might find interesting this transcript of the US Senate Committee case regarding Mormon Senator Reed Smoot. Where did Mormon Church President Smith find time for meditation, let alone revelation?

Senate Committee Testimony Transcript:

Mr. Tayler (Senate Attorney):What is your business?
Mr. Smith (Mormon Prophet and President): My principle business is that of president of the church.
Mr. Tayler: In what other business are you engaged?
Mr. Smith: I am engaged in NUMEROUS other businesses.
Mr. Tayler: What?
Mr. Smith: I am PRESIDENT of Zion's Cooperative Mercantile Institution.
Mr. Tayler: Of what other corporations are you an officer?
Mr. Smith: I am PRESIDENT of the State Bank of Utah, another institution.
Mr. Tayler: What else?
Mr. Smith: PRESIDENT of Zion's Savings Bank and Trust Company.
Mr. Tayler: What else?
Mr. Smith: I am PRESIDENT of the Utah Sugar Company.
Mr. Tayler: What else?
Mr. Smith: I am PRESIDENT of the Consolidated Wagon and Machine Company.
Mr. Tayler: What else?
Mr. Smith: There are several other SMALL INSTITUTIONS with which I am associated.
Mr. Tayler: Are you associated with the Utah Light and Power Company?
Mr. Smith: I am.
Mr. Tayler: In what capacity?
Mr. Smith: I am a director and PRESIDENT of the company.
Mr. Tayler: A director and the president?
Mr. Smith: Yes, sir.
Mr. Tayler: Had you that in mind when you classified the others as 'small concerns'?
Mr. Smith: No sir, I had not that in mind.
Mr. Tayler: That is a 'large concern'?
Mr. Smith: That is a large concern?
Mr. Tayler: Are you an officer of the Salt Lake and Los Angeles Railroad Company?
Mr. Smith: I am.
Mr. Tayler: What?
Mr. Smith: PRESIDENT and director.
Mr. Tayler: Of what else are you President?
Mr. Smith: I am PRESIDENT of the Salt Air Beach Company.
Mr. Tayler: What else, if you can recall.
Mr. Smith: I DO NOT RECALL JUST NOW!
Mr. Tayler: What relation do you sustain to the Idaho Sugar Company?
Mr. Smith: I am a director of that company and also the PRESIDENT of it.
Mr. Tayler: Of the Inland Crystal Salt Company?
Mr. Smith: Also the SAME POSITION THERE.
Mr. Tayler: The Salt Lake Dramatic Association?
Mr. Smith: I am PRESIDENT of that and also a DIRECTOR.
Mr. Tayler: Are you president of any other corporation there?
Mr. Smith: I DO NOT KNOW. PERHAPS YOU CAN TELL ME!! I DO NOT REMEMBER ANY MORE JUST NOW!
Mr. Tayler: It would seem that the number has grown so large that it would be an undue tax upon your memory to charge you with naming them all.
Mr. Smith: What relation do you sustain to the Salt Lake Knitting Company? Did I already ask you about it?
Mr. Smith: No sir, you did not.
Mr. Tayler: The Salt Lake Knitting Company?
Mr. Smith: I am PRESIDENT of it, and also a director.
Mr. Tayler: The Union Pacific Railway Company?
Mr. Smith: I am a DIRECTOR.
Mr. Tayler: Are you an official of any mining companies?
Mr. Smith: Yes, sir.
Mr. Tayler: What?
Mr. Smith: I am the vice-president of the Bullion, Beck and Champion Mining Company.
Mr. Tayler: The Deseret News?
Mr. Smith: No, sir.
Mr. Tayler: You have no business relations with that?
Mr. Smith: NO SIR.
Mr. Tayler: Is the Deseret News the 'organ of the Church'?
Mr. Smith: Well, I suppose it is in some sense the 'organ of the church'. It is not opposed to the church, at least.
Mr. Tayler: It has for years published, has it not, at the head of its columns, that it is "the organ of the church", or the "official organ of the church"?
Mr. Smith: Not that I know of.
Mr. Tayler: Do you know who owns it?
Mr. Smith: How is that?
Mr. Tayler: Do you know who owns it?
Mr. Smith: I know who owns the building that it is in.
Mr. Tayler: Who owns the building in which it is published?
Mr. Smith: The church.
Mr. Tayler: The church?
Mr. Smith: Yes, sir.
Mr. Tayler: Tell us what you know about the owners of that newspaper.
Mr. Smith: It has been for a number of years past owned by a company --- AN INCORPORATED COMPANY.
Mr. Tayler: What is the name of the company?
Mr. Smith: The Deseret News Publishing Company.
Mr. Tayler: Do you know who its officers are?
Mr. Smith: No, it is not owned by that company.
Mr. Tayler: Oh, it is not?
Mr. Smith: No; it is not.
Mr. Tayler: What do you know ----
Mr. Smith: But I say for years it was owned by a company of that kind.
Mr. Tayler: What do you know about its present ownership?
Mr. Smith: I presume that the present ownership is IN THE CHURCH.
Mr. Tayler: You suppose the present owner is 'the church'?
Mr. Smith: Yes, sir; the church.
Mr. Tayler: I do not want to have any misconstruction put upon your use of the word 'presume' because you do not know that it is so owned?
Mr. Smith: I really do not know so that I could tell you positively.
Mr. Tayler: Who would know?
Mr. Smith: I PRESUME I could find out.
Mr. Tayler: Could you find out before you leave Washington?
Mr. Smith: Perhaps so.

(SOURCE: Reed Smoot Case transcript, Vol. 1, pp. 81, 82, 83, 86, 87, and 88)

A day later, because the ownership of the Deseret News and its articles were keys to the case, Joseph F. Smith testified:

Mr. Tayler: In what form does your church have title to the Deseret News property?
Mr. Smith: It owns the deed.
Mr. Tayler: I am speaking of the newspaper, not the building.
Mr. Smith: The press; yes. I would like to state that when I was asked that question before, Mr. Tayler, I was not aware of the fact that I have since learned from my counsel here that during the trusteeship of Lorenzo Snow the Deseret News plant was transferred from the Deseret News Company to Lorenzo Snow, trustee, in trust. I was not aware of the fact, Mr. Chairman, when that question was asked me yesterday, I believe it was. I have since learned that that is the fact and that my counsel who is here made out the papers for the transfer. .....
Mr. Tayler: So that it is now in YOU as trustee in trust?
Mr. Smith: NOW I OWN IT AS TRUSTEE IN TRUST. Furthermore, I will say that I have discovered since yesterday that there is published on the second or third page of the Deseret News the statement that it is the "organ of the Church of Jesus Christ of Latter-Day Saints"
(Reed Smoot case, Vol. 1, page 158).

As you can see, the Mormon Church has been about business for a very long time.

Subject:

ROFLMAO! And a fine job he was doing for all those companies, I'm sure. n/t

Subject:	All boards were once chaired by a member of the 12.
Date:	Jul 23 11:42
Author:	Secret Agent exMo

It only changed 20 years or so ago, because of tax laws. The Morg was crossing the for-profit/not-for-profit line because of the leaders of the Church acting as chairs. It doesn't matter much. All of the for-profits take their direction from the Presiding Bishop, members of the 12 and the Hinckster himself. And, the chairs in place are all very rich TBMers, such as Robert Garff.

Subject:

And what businesses were Jesus "the" Christ president or director of? Says a lot about the church. n/t

Subject:

What about Intellectual Reserve? & all the other Reserves? NT

Subject:	I hope they archive this.
Date:	Jul 22 17:36
Author:	can't log in here

This list is insane! They own the Lai'e Shopping Center? The Beach Park? Restaurants? Good grief! This whole operation is a business masquerading as a church for the tax free status.

Subject:

good point: "a business masquerading as a church" ... does the IRS really approve of this?! n/t

Subject:	2nd largest ranch in Nebraska
Date:	Jul 23 03:35
Author:	FreeAtLast

The church bought the ranch last year, I believe. Based on the fair market value/acre, it would've cost about US$26 million.

The church cried poor and laid off meetinghouse custodians and other church employees a few years ago, but somehow has managed to "scrape together" enough money to built several multi-million dollar temples, buy the ranch in NB, spend US$400+ million on the conference center in SLC, and nearly US$1 billion on two malls in SLC. At least thinking people can see where the church's priorities lie.

Subject:	Re: 2nd largest ranch in Nebraska
Date:	Jul 23 10:09
Author:	bitterroot

Nebraska-Farmland Reserve Inc-Rex Ranch
http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2004/10/06/national1932EDT0838.DTL

Australia-Agreserves Australia Limited-Kooba Station
http://www.lds.org.au/newsmedia/showmedia.asp?m=%7BA160E0E4-1EB2-493D-841D-4F2C85487485%7D

Some properties I've found.

Agreserves Australia LTD Kooba Station,Australia.
Deseret Ranches of Alberta Raymond,AB Canada
Agreserves LTD Cambridge,England
AgroReservas, S.C. Los Mochis, Mexico
Deseret Farms of CA Woodland, CA
Deseret Farms of CA Modesto,CA
Deseret Farms of CA Chico,CA
South valley Farms Bakersfield, CA
Deseret Security Farms Blythe, CA
Naples Farms Naples,FL
Deseret Cattle & Citrus ST. Cloud, FL
Deseret Farms of Ruskin Ruskin, FL
Kewela Plantation O'ahu,HI

Rex Ranch Ashby, NE
Riverbend Farms ST.Paul, OR
Deseret Land & Livestock Woodruff, UT
Wasatch-Dixie Farms Elberta, UT
Agreserves Cottle CO.,TX
Agrinorthwest kennewick,WA
Handcart Ranch Alcova, WY
Deseret Ranches of Wyoming Cody,WY

Subject:	What's intersting about Farm Management
Date:	Jul 23 11:46
Author:	Secret Agent exMo

is that they used to be under the for-profit umbrella of Deseret Management Corporation. About a year ago, maybe two, they were moved under the non-profit side.

Subject:	Anybody see this?
Date:	Jul 23 09:33
Author:	T-bone

http://www.sltrib.com/polygamy/ci_2855144

They want to buy the mansion across from the Delta center.

Are they going to buy the Wyndam next? Or did that hotel get its name changed?

Subject:	It was only a matter of time.
Date:	Jul 23 11:49
Author:	Secret Agent exMo

The Church owns the Triad Center, which is right next to it. It probably drives them mad that demon alcohol is served in the Devereaux mansion. ALCOHOL I say, right next door to a Church property!!! Scandalous!

Subject:	I should add...
Date:	Jul 23 11:51
Author:	Secret Agent exMo

BYU will soon have a campus in the Triad Center, and the LDS Business College has already moved there.

ALCOHOL!! Like, OMG, zoobie going to class not more than a few hundred yards from ALCOHOL! Control, the Morg must have CONTROL.

Subject:	Re: I should change that somewhat
Date:	Jul 23 11:59
Author:	Secret Agent exMo

I reread the article posted by T-Bone. Apparently, the Devereaux House stopped serving alcohol last year, at the request of the Morg, in exchange for a lower lease rate.

"Your lease rate is $75 per square foot. But, if you stop serving alcohol, we'll lower it to $36 per square foot." Extortion!!!

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