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	Comments on: K.P. Yohannan&#8217;s Believers&#8217; Church to Halt New Admissions to Caarmel Engineering College Amid Financial Crisis	</title>
	<atom:link href="https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/feed/" rel="self" type="application/rss+xml" />
	<link>https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/</link>
	<description>A [retired] college psychology professor&#039;s observations about public policy, mental health, sexual identity, and religious issues</description>
	<lastBuildDate>Thu, 12 Jul 2018 07:55:24 +0000</lastBuildDate>
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		<title>
		By: Buddy Louse		</title>
		<link>https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96819</link>

		<dc:creator><![CDATA[Buddy Louse]]></dc:creator>
		<pubDate>Thu, 12 Jul 2018 07:55:24 +0000</pubDate>
		<guid isPermaLink="false">https://www.wthrockmorton.com/?p=32821#comment-96819</guid>

					<description><![CDATA[As a University accountant, I don&#039;t see how suspending admissions for a year would help with a &quot;financial crisis&quot;.
The costs are overwhelmingly fixed (staff and infrastructure), so not taking on a cohort simply means less income to defray them.]]></description>
			<content:encoded><![CDATA[<p>As a University accountant, I don&#8217;t see how suspending admissions for a year would help with a &#8220;financial crisis&#8221;.<br />
The costs are overwhelmingly fixed (staff and infrastructure), so not taking on a cohort simply means less income to defray them.</p>
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		<title>
		By: Priscilla Frye		</title>
		<link>https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96746</link>

		<dc:creator><![CDATA[Priscilla Frye]]></dc:creator>
		<pubDate>Fri, 06 Jul 2018 15:29:13 +0000</pubDate>
		<guid isPermaLink="false">https://www.wthrockmorton.com/?p=32821#comment-96746</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96722&quot;&gt;bacon_crispy&lt;/a&gt;.

I think you may have discovered a crack in the dam.  The Indian govt starts cracking down on use of donations &amp; a BC school is in trouble.  What about the medical school &amp; hospital and the private schools for children?]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96722">bacon_crispy</a>.</p>
<p>I think you may have discovered a crack in the dam.  The Indian govt starts cracking down on use of donations &#038; a BC school is in trouble.  What about the medical school &#038; hospital and the private schools for children?</p>
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		<title>
		By: MG		</title>
		<link>https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96725</link>

		<dc:creator><![CDATA[MG]]></dc:creator>
		<pubDate>Fri, 06 Jul 2018 08:07:02 +0000</pubDate>
		<guid isPermaLink="false">https://www.wthrockmorton.com/?p=32821#comment-96725</guid>

					<description><![CDATA[Negative coverage and legal expenses are affecting KP&#039;s pocketbook.
With the ongoing lawsuit, he might also be being more careful about diverting funds.]]></description>
			<content:encoded><![CDATA[<p>Negative coverage and legal expenses are affecting KP&#8217;s pocketbook.<br />
With the ongoing lawsuit, he might also be being more careful about diverting funds.</p>
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		<title>
		By: bacon_crispy		</title>
		<link>https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96722</link>

		<dc:creator><![CDATA[bacon_crispy]]></dc:creator>
		<pubDate>Fri, 06 Jul 2018 03:57:20 +0000</pubDate>
		<guid isPermaLink="false">https://www.wthrockmorton.com/?p=32821#comment-96722</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96720&quot;&gt;Warren Throckmorton&lt;/a&gt;.

So while KP Yohannan was improperly diverting donor funds to the Engineering College for many years, Caarmel had enough funds. Is Believers Church obeying the Foreign Contribution laws for once? Is that why Caarmel is out of cash and blaming Believers Church&#039;s financial crisis? Did KP Yohannan&#039;s deciptions and mismanagement put the engineerings students in the position now of cheering FOR more cheating the FCRA laws just like the good ole&#039; days?

If you recall, GFA&#039;s &quot;original&quot; four Indian FCRA entities (Gospel For Asia-renamed Ayana Charitable Trust, Believers Church-India, Last Hour, and Love India, all recently lost their authorization to receive foreign funds. The most recent FC filings GFA indicated the use of a different set of Indian shell NGO&#039;s to receive funds in from the West (Shekina, Rehaboth, New Life, Fraternity Trust, etc). Has anybody checked their status? Have any of these entities filed an FC-4 or FC-6 lately? Are donations from the west declining? If so, how much? I seem to remember a -40% decline in GFA-Canada&#039;s donation income per their T-3010 filings 2017 vs 2016. It wouldn&#039;t be surprising if there has been a similar decline in USA, Australia, UK, New Zealand, etc.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96720">Warren Throckmorton</a>.</p>
<p>So while KP Yohannan was improperly diverting donor funds to the Engineering College for many years, Caarmel had enough funds. Is Believers Church obeying the Foreign Contribution laws for once? Is that why Caarmel is out of cash and blaming Believers Church&#8217;s financial crisis? Did KP Yohannan&#8217;s deciptions and mismanagement put the engineerings students in the position now of cheering FOR more cheating the FCRA laws just like the good ole&#8217; days?</p>
<p>If you recall, GFA&#8217;s &#8220;original&#8221; four Indian FCRA entities (Gospel For Asia-renamed Ayana Charitable Trust, Believers Church-India, Last Hour, and Love India, all recently lost their authorization to receive foreign funds. The most recent FC filings GFA indicated the use of a different set of Indian shell NGO&#8217;s to receive funds in from the West (Shekina, Rehaboth, New Life, Fraternity Trust, etc). Has anybody checked their status? Have any of these entities filed an FC-4 or FC-6 lately? Are donations from the west declining? If so, how much? I seem to remember a -40% decline in GFA-Canada&#8217;s donation income per their T-3010 filings 2017 vs 2016. It wouldn&#8217;t be surprising if there has been a similar decline in USA, Australia, UK, New Zealand, etc.</p>
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		<title>
		By: bacon_crispy		</title>
		<link>https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96719</link>

		<dc:creator><![CDATA[bacon_crispy]]></dc:creator>
		<pubDate>Fri, 06 Jul 2018 03:00:08 +0000</pubDate>
		<guid isPermaLink="false">https://www.wthrockmorton.com/?p=32821#comment-96719</guid>

					<description><![CDATA[I&#039;m confused. Didn&#039;t Believers Church have about $150 million in excess funds sitting around in banks not too long ago? Where did all that money go? Are they UNABLE or are they UNWILLING to fund the Engineering College? How much would the savings be by skipping a single cohort? Couldn&#039;t be that much? Are they laying off instructors? Telling the entire world that Believers Church is having a financial crisis? What a terrible PR move.

Interesting that when KP was spending most of his time in the USA, the Engineering College was apparently doing fine. Now that he&#039;s back in India most of the time, it suddenly flounders. Are parents and students in India wising up to his deceptive ways? Are they reading this blog? Are they seeing how the RICO suit is going badly for Yohannan &#038; GFA?]]></description>
			<content:encoded><![CDATA[<p>I&#8217;m confused. Didn&#8217;t Believers Church have about $150 million in excess funds sitting around in banks not too long ago? Where did all that money go? Are they UNABLE or are they UNWILLING to fund the Engineering College? How much would the savings be by skipping a single cohort? Couldn&#8217;t be that much? Are they laying off instructors? Telling the entire world that Believers Church is having a financial crisis? What a terrible PR move.</p>
<p>Interesting that when KP was spending most of his time in the USA, the Engineering College was apparently doing fine. Now that he&#8217;s back in India most of the time, it suddenly flounders. Are parents and students in India wising up to his deceptive ways? Are they reading this blog? Are they seeing how the RICO suit is going badly for Yohannan &amp; GFA?</p>
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		<title>
		By: Warren Throckmorton		</title>
		<link>https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96720</link>

		<dc:creator><![CDATA[Warren Throckmorton]]></dc:creator>
		<pubDate>Thu, 05 Jul 2018 23:30:55 +0000</pubDate>
		<guid isPermaLink="false">https://www.wthrockmorton.com/?p=32821#comment-96720</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96719&quot;&gt;bacon_crispy&lt;/a&gt;.

These are all good questions. Money has never been a problem for KP. He has always had more than enough. It is where he spends it that is now at issue. He may still have millions sitting around but it is designated and not for Caarmel since they have never raised any money for the school. They have spent donor money for educational institutions in the past but that was then.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96719">bacon_crispy</a>.</p>
<p>These are all good questions. Money has never been a problem for KP. He has always had more than enough. It is where he spends it that is now at issue. He may still have millions sitting around but it is designated and not for Caarmel since they have never raised any money for the school. They have spent donor money for educational institutions in the past but that was then.</p>
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		<title>
		By: Erp		</title>
		<link>https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96718</link>

		<dc:creator><![CDATA[Erp]]></dc:creator>
		<pubDate>Thu, 05 Jul 2018 22:54:48 +0000</pubDate>
		<guid isPermaLink="false">https://www.wthrockmorton.com/?p=32821#comment-96718</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96711&quot;&gt;Priscilla Frye&lt;/a&gt;.

ITT Technical was a for profit school and so aimed to get a lot of students signed up and paying even if they weren&#039;t capable of the schoolwork (and quite frequently the instruction wasn&#039;t very good).  At least the BC school doesn&#039;t seem to be &#039;for profit&#039; though how good it is is another matter.   I note a large number of the assistant professors do not have  PhDs.     For those not in the know the top technical institutions in India are the 23 Indian Institutes of Technology (IITs); those graduating from them with good grades are in high demand for engineering graduate programs around the world.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96711">Priscilla Frye</a>.</p>
<p>ITT Technical was a for profit school and so aimed to get a lot of students signed up and paying even if they weren&#8217;t capable of the schoolwork (and quite frequently the instruction wasn&#8217;t very good).  At least the BC school doesn&#8217;t seem to be &#8216;for profit&#8217; though how good it is is another matter.   I note a large number of the assistant professors do not have  PhDs.     For those not in the know the top technical institutions in India are the 23 Indian Institutes of Technology (IITs); those graduating from them with good grades are in high demand for engineering graduate programs around the world.</p>
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		<title>
		By: Warren Throckmorton		</title>
		<link>https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96717</link>

		<dc:creator><![CDATA[Warren Throckmorton]]></dc:creator>
		<pubDate>Thu, 05 Jul 2018 22:54:03 +0000</pubDate>
		<guid isPermaLink="false">https://www.wthrockmorton.com/?p=32821#comment-96717</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96716&quot;&gt;Erp&lt;/a&gt;.

As the case I referenced in the post suggests, Believers Church has subsidized the school in the past with foreign donations from the U.S. and around the world. These donations are under tremendous scrutiny right now and Yohannan may have told the church not to use those funds. If they can&#039;t be used, the tuition might not cover the costs.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96716">Erp</a>.</p>
<p>As the case I referenced in the post suggests, Believers Church has subsidized the school in the past with foreign donations from the U.S. and around the world. These donations are under tremendous scrutiny right now and Yohannan may have told the church not to use those funds. If they can&#8217;t be used, the tuition might not cover the costs.</p>
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		By: Erp		</title>
		<link>https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96716</link>

		<dc:creator><![CDATA[Erp]]></dc:creator>
		<pubDate>Thu, 05 Jul 2018 22:31:35 +0000</pubDate>
		<guid isPermaLink="false">https://www.wthrockmorton.com/?p=32821#comment-96716</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96713&quot;&gt;Outspider&lt;/a&gt;.

That might depend on whether the tuition fully covered the cost of instruction.  Non-profit schools sometimes subsidize instruction costs by donations or interest from the endowment.  I speculate that new schools might run at a loss for a while because of heavy startup costs and the need to establish a reputation.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96713">Outspider</a>.</p>
<p>That might depend on whether the tuition fully covered the cost of instruction.  Non-profit schools sometimes subsidize instruction costs by donations or interest from the endowment.  I speculate that new schools might run at a loss for a while because of heavy startup costs and the need to establish a reputation.</p>
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		<title>
		By: Mr Jesperson		</title>
		<link>https://wthrockmorton.com/2018/07/05/k-p-yohannans-believers-church-to-close-caarmel-engineering-college-amid-financial-crisis/#comment-96704</link>

		<dc:creator><![CDATA[Mr Jesperson]]></dc:creator>
		<pubDate>Thu, 05 Jul 2018 19:03:17 +0000</pubDate>
		<guid isPermaLink="false">https://www.wthrockmorton.com/?p=32821#comment-96704</guid>

					<description><![CDATA[And so it begins.  There is a judgment coming from God directed at the people in this organization.  I will keep warning those who are still inside to get out now, before things become much worse.  Gal. 6:7, &quot;Do not be deceived: God cannot be mocked. Whatever a man sows, he will reap in return. The one who sows to please his flesh, from the flesh will reap destruction...&quot;  
Apparently India is also having a student loan crisis.  A few days ago the Times of India reported that this school along with others were closing because there are too many schools and not enough students who can afford to attend: https://timesofindia.indiatimes.com/city/nagpur/deshpande-plays-raagas-hindi-songs-on-unique-sitar/articleshow/64812634.cms  It looks like the poorly managed schools are being forced out of business by their competition.  At this point I do not think anyone would accuse KP of doing a good job managing anything he has acquired.  Conmen like him tend to make foolish business decisions because they think they can lie their way out of any kind of trouble.
https://www.youtube.com/watch?v=CVXaA_VNA9U]]></description>
			<content:encoded><![CDATA[<p>And so it begins.  There is a judgment coming from God directed at the people in this organization.  I will keep warning those who are still inside to get out now, before things become much worse.  Gal. 6:7, &#8220;Do not be deceived: God cannot be mocked. Whatever a man sows, he will reap in return. The one who sows to please his flesh, from the flesh will reap destruction&#8230;&#8221;<br />
Apparently India is also having a student loan crisis.  A few days ago the Times of India reported that this school along with others were closing because there are too many schools and not enough students who can afford to attend: <a href="https://timesofindia.indiatimes.com/city/nagpur/deshpande-plays-raagas-hindi-songs-on-unique-sitar/articleshow/64812634.cms" rel="nofollow ugc">https://timesofindia.indiatimes.com/city/nagpur/deshpande-plays-raagas-hindi-songs-on-unique-sitar/articleshow/64812634.cms</a>  It looks like the poorly managed schools are being forced out of business by their competition.  At this point I do not think anyone would accuse KP of doing a good job managing anything he has acquired.  Conmen like him tend to make foolish business decisions because they think they can lie their way out of any kind of trouble.<br />
<a href="https://www.youtube.com/watch?v=CVXaA_VNA9U" rel="nofollow ugc">https://www.youtube.com/watch?v=CVXaA_VNA9U</a></p>
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