THE TRUTH ABOUT THE SUBIC-BAY FELIX Y. MANALO FOUNDATION

THE TRUTH ABOUT 

THE SUBIC-BAY FELIX Y. MANALO

FOUNDATION

Is it really a “secret foundation doing a dirty work” or it's not a secret but the legal arm of the Church use for the construction of the Philippine Arena, Philippine Sports Center and Philippine Stadium and other future projects of the Church?

THOSE opposing the Church Administration is known for telling half-truth and half-lie. Telling a true event, but giving “malicious opinion” about this “truth” or surrounding it with lies to make their readers believe that there are something wrong in the Church today.

Remember the Scenic, South Dakota issue? It is true that the Church bought this property in July, 2011 and it is also true that there is a construction project known as “Keystone XL Pipeline project.” The lie is what these people said that the Scenic property was bought by the Church for making a big profit out of the “Keystone XL Pipeline project. This is a lie because when the Church bought the Scenic property, during that time the Keystone XL pipeline project was still a proposal submitted to US government in 2010, but many oppose this project. Also, the Scenic property is not included to the areas where the Keystone Pipleline will cross because of it’s location that it is beside the Badland National Park. The original price of the property was 3 million US dollars, but it was reduced to 799,000 US dollars. Hence, if the property was a potential billion-dollar maker, would the original owner sell it, or would she sell it for only 799,000 US dollar? Why reducing the price from 3M to 799,000?

Also, remember the issue about the “prime properties” of the Church being sold? It is true that there are “prime properties” of the Church that have been sold, but it is a lie saying that the Church is in great debt that’s why these “prime properties” were sold. They covered the other half of the “truth” – (1) that these “prime properties” are not places of worship, but “rest houses”; (2) that no locale, district and Church’s department  are using these properties, not even the present Executive Minister, thus, these properties are in the category of no longer needed by the Church or the Church has no longer use for them; and (3) that there are large expenses in maintaining these “prime properties” including taxes, and expenses for the maintenance and security. Thus, selling these properties only shown how the Church Administration efficiently manage the finances of the Church.

Those opposing the Church Administration again came with another half-true/half-lie “revelation.”  In their latest article entitled “The Tale of the Two FYM Foundation, Inc” posted in June 17, 2015, this is what they said:

 “Over the Years, The FYM Foundation Inc. have basked in the limelight whenever it is announced over the INC News, whenever we read its name in the Circulars, whenever every successful story was out and about “the” FYM Foundation. But did you ever hear about the “other” FYM Foundation? Another FYM Foundation, yet hidden in the dark as it’s invisible and mysterious twin sister? Never heard. Never mentioned. Only spoken in murmurs and whispers in closed-door Sanggunian Meetings and select confidential personnel.

“I didn’t mean to sound like a morbid horror story, so here’s a quick Trivia: There are two — yes 2, not 1 — Felix Y. Manalo Foundations registered with the Philippine Securities and Exchange Commission (SEC):

“1. Felix Y. Manalo Foundation Inc.; and

“2. Subic Bay-Felix Y. Manalo Foundation Inc.”

[Antonio Ebangelista,  “The Tale of the Two FYM Foundation, Inc” June 17, 2015]

Why do we say that their “report” regarding the Subic-bay FYM Foundation is half-true and half-lie?

THE PART WHICH IS TRUE

It is true that there are two FYM Foundations [actually there are three: FYM Medical Foundation, FYM Foundation (Lingap), and Subic-bay FYM Foundation]. However, those documents shown in the article by those opposing the Church Administration ONLY TELL THE EXISTENCE of the other FYM Foundation called “Subic-Bay FYM Foundation, Inc.”

Image 01

“Photos of the “documents” about the Subic-Bay FYM Foundation published in the article of those opposing the church Administration

Study carefully these “documents.” These documents only show the existence of the Subic-Bay FYM Foundation, and nothing in these documents that proving their claim of corruptions and anomalies happening inside the Church. It is like a person accused of murder that when his accusers were ask to show evidence, the accusers brought his birth certificate. The birth certificate shows that this person was born and he do exist, and it shows his real name, but it has nothing to do with the case he is accuse of. A person's birth certificate doesn’t prove that he is a murderer.

Also, the documents shown by those opposing the Church Administration in their article regarding the Subic-bay FYM foundation only proves that Subic-Bay FYM Foundation indeed exist, but these are not proofs of corruptions and anomalies happening inside the Church.

OK, let us go to the half-lie of their "expose".

THE PART WHICH IS FULL OF LIES

(1) IT’S A SECRET AND NO ONE KNOWS IT BUT THE MEMBERS OF THE SANGGUNIAN. Is Subic-Bay FYM Foundation a “secret” that nobody knows it?

Those opposing the Church Administration claim that this “Subic-Bay FYM Foundation” is a secret foundation that no one knows its existence but only the members of the Sanggunian:

“Over the Years, The FYM Foundation Inc. have basked in the limelight whenever it is announced over the INC News, whenever we read its name in the Circulars, whenever every successful story was out and about “the” FYM Foundation. But did you ever hear about the “other” FYM Foundation? Another FYM Foundation, yet hidden in the dark as it’s invisible and mysterious twin sister? Never heard. Never mentioned. Only spoken in murmurs and whispers in closed-door Sanggunian Meetings and select confidential personnel.” [Antonio Ebangelista,  “The Tale of the Two FYM Foundation, Inc” June 17, 2015]

Wow! Another of their “conspiracy theory.” Antonio Ebangelista said, “Another FYM Foundation, yet hidden in the dark as it’s invisible and mysterious twin sister? Never heard. Never mentioned. Only spoken in murmurs and whispers in closed-door Sanggunian Meetings and select confidential personnel.” SECRET? NO ONE KNOWS IT BUT ONLY THE SANGGUNIAN?

No one knows it but the Sanggunian? Brother Benjamin Chua knows it because he is one of the incorporators. Sister Dorothy Kristine Manalo-Orosa knows it , she is also one of the incorporators. Glessy G. Esguerra-Dizon knows it because she is the corporate secretary of the foundation, and also Persida V. Garcia knows it because she is the CFO of the foundation. THEY ARE NOT MEMBERS OF THE SANGGUNIAN.

Everybody in SBMA knows it because it is included in their financial report:

Image 02

Acknowledgment: Thank you Antonio Ebanghelista for providing us this “picture” of the document showing that “Subic-Bay FYM Foundation” is indeed not a secret that only members of the Sanggunian knows it.

SEC (Security and Exchange Commission) knows it:

 

Image 03

Acknowledgment: Again, thank you Antonio Ebanghelista for providing us the proof that everybody in SEC knows it, and as organization registered in SEC, all the documents of the Subic-Bay Foundation can be accessed by everyone.

 

And most of all, Ka Eduardo knows it! One of the “incorporators” and a member of the “board” is his eldest daughter, sister Dorothy Kristine Manalo-Orosa, a lawyer.

PONDER THIS: If Subic-Bay FYM Foundation is intended to be “a secret that no one knows it but the members of the Sanggunian,” why name it “Subic-Bay FELIX Y. MANALO foundation Inc.”? The “name” of the foundation proves that it is not a “secret” foundation, nor it is intended to be hidden from the public.

THE LIE: Subic-Bay Foundation is a secret that no one knows it but the members of the Sanggunian. THE TRUTH: It is not a secret that only members of the Sanggunian knows it. Many people knows it, especially Brother Eduardo V. Manalo, the Executive Miniser of the Iglesia Ni Cristo.

(2) THIS FOUNDATION IS FOR “LEISURE,” THUS, IT’S AN ANOMALY. Why Subic-Bay FYM Foundation is under the category of “leisure”?

Antonio Ebangelista noted that this foundation is under the category of “leisure.”And to give “malice” against the Subic-Bay FYM Foundation, this is what he further said:

“Let’s try to figure out which of these Core Function of BID Leisure is the one suited for the Felix Y. Manalo Foundation

“OUR CORE FUNCTIONS

“To process all new leisure investment proposals in the SBFZ. Project proposals concerning any of the following business activities shall be handled by the department:

§  Hotel, resort, restaurant/cafes

§  Casino and gaming

§  Bar, KTV, entertainment and disco

§  RECREATIONAL AND AMUSEMENT CENTERS/PARKS

§  SPORTS MANAGEMENT EVENTS, GOLF COURSE, WATER SPORTS AND DIVING OPERATIONS

§  Retirement village, condominium, apartment buildings, development and management of housing facilities

§  MEDICAL TOURISM, HEALTH CARE SERVICES

§  Retail and duty free (Shopping malls) shops

§  Tours and travel agency

§  Commercial and residential real estate development and management

§  And all other tourism/recreational and leisure- related businesses

“To handle the locator management of all existing leisure investments in the Freeport and facilitate the provision of the following services to SBF locators:

§  Renewal of SBF Registration

§  Amendment of SBF Registration

§  Renewal of Lease/Sublease Agreement

§  Amendment of Lease Agreement/Sublease Agreement

§  Lease of additional facility (expansion of facility)

§  Transfer of Leasehold Rights (Assignment of Lease)

§  Assistance on matters requiring action from various SBMA offices and other government agencies

§  Advise on SBMA regulations, policies and procedures

[Antonio Ebangelista,  “The Tale of the Two FYM Foundation, Inc” June 17, 2015]

Why is Subic-Bay FYM Foundation under the category of “leisure”? Because the “government agency” involved put the RECREATIONAL AND AMUSEMENT CENTERS/PARKS, SPORTS MANAGEMENT EVENTS, GOLF COURSE, WATER SPORTS AND DIVING OPERATIONS, and MEDICAL TOURISM, HEALTH CARE SERVICES under this category called “leisure.”

RECREATIONAL AND AMUSEMENT CENTERS/PARKS? Subic-Bay FYM Foundation was incorporated in 2012 which was also the year when we started to build the Philippine Arena. Is the Philppine Arena not under “recreational and amusement centers/parks”?

SPORTS MANAGEMENT EVENTS, GOLF COURSE, WATER SPORTS AND DIVING OPERATIONS? The Church during the year 2012 did not only started the construction of the Philippine Arena, but also the Philippine Sports Stadium and the Philippine Sports Complex.

MEDICAL TOURISM, HEALTH CARE SERVICES? The Church is also planning to build a hospital in the Ciudad de Victoria complex, and the existing New Era General Hospital is also under the process of being upgraded and expanded.

“Anomaly” is a deviation from the law, rules or regulations. It is the law which dictates that RECREATIONAL AND AMUSEMENT CENTERS/PARKS, SPORTS MANAGEMENT EVENTS, GOLF COURSE, WATER SPORTS AND DIVING OPERATIONS, and MEDICAL TOURISM, HEALTH CARE SERVICES are under the category of  “leisure.” THUS, IT IS NOT A DEVIATION FROM THE LAW, IT IS NOT AN ANOMALY.

(3) THIS FOUNDATION IS FOR “PROFIT GAINING.” Is Subic-Bay FYM Foundation established for “profit gaining”?

Antonio Ebangelista noted that one of the objectives of the Subic-Bay FYM Foundation is to engage in export and import activities:

 Image 04

Thank you Antonio Ebanghelista for providing us a copy of the 

by-laws  of the Subic-Bay FYM Foundation.

Thus, Antonio Ebangelista accused the Subic-Bay FYM Foundation as for profit gaining or a business venture because it engage in export and import activities.

“Import and Export Transactions entail PROFIT. Profit for whom? Follow the quack!”

“Engage in export and import transactions” immediately for “profit gaining? The words “export and import” are not use only in “business” or “profit gaining.” Even in computer, especially regarding photos and files we use the words “export and import.” The Subic-Bay FYM Foundation engage in “export and import” transactions not for the sole purpose of gaining profit. Remember her status – a NON-PROFIT FOUNDATION.

Thus, in this case, the word “export” mentioned in the by-Laws of the foundation means “engaging in the transport of commodities or materials from our country to another country but not for the sole purpose of gaining profit,” and “import” mentioned in the by-Laws of the foundation means “engaging in the transport of commodities or materials from other country to our country but not for the sole purpose of gaining profit.”

It is like the religious bookstores in Bataan and Quezon City. These bookstores import copies of the Bible, and they even sell the copies of the Bible they imported, but they are still considered non-profit organization or their non-profit status remains although they import and sell copies of the Bible and other books, because they do these not for the sole purpose of gaining profit. Thus, indeed, there are non-profit organizations that engage in export and import activities but not for the sole purpose of gaining profit. Thus, this statement is a big lie:

“According to the Bureau of Customs (B.O.C.), FYMF is duly licensed and accredited as an importer/exporter…So now we know that INC influence and control over B.O.C. is very crucial, because the Sanggunian is actively involved in IMPORTATION/EXPORTATION, and one of the channels, is thru SBMA. And when there is importation/exportation, there is $$$$$ BIG MONEY $$$$$.”

There are many non-profit foundations who also engage in export and import activities. Take note that one of the meaning of the word “import” is transporting commodities from other country to our country. There are NGOs who imported Bibles, books, relief goods, etc. We don’t see any involvement of “Big money” here! Remember that Subic-Bay FYM Foundation is in the same status as the NGOs who also engage in export and import activities – non-profit foundations engaging in export and import but not for the sole purpose of gaining profits.

I WONDER WHY THEY KEEP ON SAYING THAT SUBIC-BAY FYM FOUNDATION IS INVOLVE IN EXPORT AND IMPORT ACTIVITIES AND ACCUSING OF GAINING LARGE PROFIT FROM THESE ACTIVITIES BUT THEY ALWAYS AVOID TO MENTION WHAT THIS FOUNDATION IS IMPORTING?   

(4) THE FOUNDATION’S EXPORT AND IMPORT ACTIVITIES IS A “BUSINESS VENTURE.” Is Subic-Bay FYM Foundation’s activities can be considered as “business ventures”?

As I already mentioned, Antonio Ebangelista and his cohorts avoiding to mention those importing by Subic-Bay FYM Foundation since it’s incorporation in 2012. It is important to see what the foundation is importing and exporting to answer the question if the foundation engage in “profit gaining activities” and if it is a “business venture.” To see what are those that this foundation are exporting and importing, let us see again the main objectives of the foundation:

A. To Facilitate the construction and maintenance of Church parsonages and other construction necessary for the attainment of its purposes.

 Image 05

Acknowledgment: Thank you Antonio Ebanghelista for providing us the copy of the “Subic-Bay FYM Foundation” by-laws.

The by-laws of the foundation says, “To facilitate the construction and maintenance of Church, parsonages and other construction necessary for the attainment of its purposes.”

Did you notice the year of its incorporation is also the year when the construction of Philippine Arena, Philippine Sports Stadium and Philippine Sports Center started? As we already know, the materials used in the construction of these buildings were pre-fabricated in Korea and China. The Subic-Bay FYM Foundation facilitated the legal requirements for the importation of the said pre-fabricated materials used to build the Philippine Arena, Philippine Sports Stadium and Philippine Sports Center.

In facilitating the importation of the pre-fabricated materials used in the construction of Philippine Arena, Philippine Sports Stadium and Philippine Sports Center, did this involved gaining “big money” as Antonio Ebangelista accused the Subic-Bay FYM Foundation? Everybody wil agree that the foundation nor the officials of the foundation did not gain any “profit” for these importing activities. These materials used in building PA, PSS and PSC are used solely for the construction of PA, PSS and PSC.

How about exportation? We buy and renovating many houses of worship worldwide. However, there are materials and facilities needed by the Houses of Worship abroad which are from the Philippines like the Church’s seal place on the front of our Houses of Worship, the hymnal book, the “tribuna” and others. Remember that one of the meaning of the word “export” is “the transport commodities or materials from one country to another country.” Thus, Subic-Bay FYM Foundation is the legal arm to facilitate the necessary legal requirements for the exportation of the “materials” needed for the renovation and construction of our houses of worship abroad.

THUS, SUBIC-BAY FYM FOUNDATION IS THE LEGAL ARM AND THE AGENCY OF THE CHURCH TO FACILITATE THE LEGAL REQUIREMENTS FOR THE IMPORTATION OF THE MATERIALS USED IN THE CONSTRUCTION OF THE PHILIPPINE ARENA, PHILIPPINE SPORTS STADIUM AND PHILIPPINE SPORTS CENTER; FOR THE IMPORTATION OF OTHER MATERIALS NEEDED FOR THE CONSTRUCTION OF OTHER CHURCH PARSONAGES AND FUTURE PROJECTS; AND FOR THE EXPORTATION OF MATERIALS NEEDED IN OUR CHURCH PARSONAGE ABROAD.  

B. To Facilitate the importation and exportation of gifts and donations.

The by-laws of the foundation also says, “To engage in import and export transactions for the transportation, release and receipt of gifts, donations, endowment s and financial aids.” Thus, the Subic-Bay FYM Foundation is the legal arm of the Church to facilitate the importation and exportation of the relief goods, gifts and donations.

C. To work for the improvement and advancement of medical, dental, surgical, and other related services

The by-laws of the foundation says, “To work for the improvement and advancement medical, dental, surgical, and other related services.” Subic-Bay FYM Foundation is also the legal arm of the Church to facilitate the importation needed for the upgrading of New Era General Hospital and the construction In the future of other hospitals like the one plan to be built in Ciudad de Victoria.

IN VIEW OF THESE FACTS, DO THESE MAKE THE SUBIC-BAY FYM FOUNDATION A “BUSINESS VENTURE” AND “AN ORGANIZATION FOR GAINING PROFITS”?

So these are the reasons why Antonio Ebangelista avoided to mention what are those importing and exporting by Subic-Bay FYM Foundation during 2012-2015. Now we know what the Subic-Bay FYM Foundation importing and exporting these past years since it’s incorporation in 2012 PROVES THAT ANTONIO EBANGELISTA IS LYING.

THESE FACTS ALSO ANSWER THE QUESTION

WHY THERE ARE TWO FYM FOUNDATIONS

These two have different functions. The well-known “FYM Foundation” is the agency of the Church to facilitate the social and civic activities of the Church like Lingap, calamity response activities and medical missions. WHILE the “Subic-Bay FYM Foundation” is the legal arm and the agency of the Church to facilitate the import activities in connection with the construction of the Philippine Arena, Philippine Sports Complex, Philippine Sports Stadium, the upgrading of the New Era General Hospital, and in the construction in the future of a hospital in Ciudad de Victoria, the largest library in the Philippines if not in Asia, and other Church’s projects. [The third FYM Foundation, the FYM Medical Foundation, is for the management of the New Era General Hospital.]

The non-profit status of the Subic-Bay FYM Foundation shows that these import and export activities are not for gaining profits.

SO, ONCE AGAIN, ANTONIO EBANGELISTA,

FACTS PROVE YOU'RE WRONG!

“Contra factum non habet argumentum”

Acknowledgment: 

Thank you Antonio Ebangelista for providing us again the

necessary documents to prove you are wrong and lying.

PRISTINE TRUTH