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Old 04-17-2022, 04:52 PM   #1
Zezima
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Default Who is Samuel Lee? Highest paid employee of LSM

This information is reported via LSM’s IRS Form 990. The most recent public filing is from 2019, and shows a Samuel Lee making over 100k surpassing Ron & Ed.

Who is Samuel Lee?
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Old 04-17-2022, 09:13 PM   #2
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Talking Re: Who is Samuel Lee? Highest paid employee of LSM

Probably the janitor.
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Old 04-17-2022, 11:05 PM   #3
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Default Re: Who is Samuel Lee? Highest paid employee of LSM

I Don't know who he is. I don't buy any publishes from LSM ever since I know their teachings are not always biblical.
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Old 04-18-2022, 03:45 AM   #4
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Default Re: Who is Samuel Lee? Highest paid employee of LSM

Samuel Lee is Philip Lee's son and Witness Lee's grandson.
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Old 04-18-2022, 09:30 AM   #5
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Default Re: Who is Samuel Lee? Highest paid employee of LSM

Hey Z, could you please link the source document for us. I see that Andrew Yu is listed and brother Yu passed away over a year ago. Thanks!
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Old 04-18-2022, 11:13 AM   #6
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Default Re: Who is Samuel Lee? Highest paid employee of LSM

Quote:
Originally Posted by UntoHim View Post
Hey Z, could you please link the source document for us. I see that Andrew Yu is listed and brother Yu passed away over a year ago. Thanks!
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LSM’s IRS Form 990
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Old 04-28-2022, 08:09 AM   #7
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Default Re: Who is Samuel Lee? Highest paid employee of LSM

In an analysis made available by Minstrywatch.com, the same list was included with one exception. It had Samuel Lee with over $16,000 higher salary. All others were identical. It was for the year ended 12/31/2019. 2021 is probably not yet available, so even if everyone but Lee is at a fixed salary, the 2020 payment to Yu would probably have been the same.

I searched (Google) for "living stream ministry form 990" and found both this site with details of its income and balance sheet for 2019 and some prior years, and also the Form 990 for 2019 at another site. (It only had 40 out of 42 pages but included a link to get them all. Not sure if you had to sign up for it or pay anything, and I did not want to mess with it at the time.)

I also note that the balance sheet was interesting. I admit that publishing hard-copy books requires assets, but $76M worth? And with only $2M in total liabilities? What are they doing with the rest of those "assets"
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