The $50,000 salary would be worth $1.08 million in 2020. The First Presidency has called 164 new mission presidents and companions who will begin service in July 2019. The following statements from LDS leaders explain their disapproval of a paid ministry. 1789: The president's salary was $25,000.It would be worth around $740,000 in 2020. The president of the Church of Latter-day Saints, Thomas S. Monson died Tuesday aged 90, according to a statement by the church. The LDS church is a multi billion dollar corporation with many for profit businesses. Yes, there are a select few Mormons in the world who are paid for their service in the church. Do ANY Mormons Get Stipends or Pay In Return for Their Service? Mission Presidents get that treatment, but for a shorter period of time, and most of them are far outside the community where they have been working. Most leaders — tens of thousands of them — get paid zero. 1909: William Taft received a $75,000 salary.It would be worth $2.15 million in 2020. The amount of any funds reimbursed to you should be kept strictly confidential and should not be discussed with missionaries, other mission presidents, friends, or family members. And that, from pay stubs leaked by LDS critics a few years ago, is $120K a year. The mormon mall is losing money. “In the Church of Jesus Christ of Latter-day Saints there is no paid ministry, no professional clergy, as is common in other churches.” Elder Boyd K. Packer, 1979 Liahona. Secondly, the pretense that the mission presidents are unpaid volunteers is akin to saying the CEO’s of corporations aren’t millionaires when paid only a $200,000 salary but are gifted $5,000,000 to $10,000,000 bonuses and stock options. Their names and mission assignments are listed below. Paying GAs works because they get it at the latter end of their lives and usually hold the position until death or emeritus status (which I believe still pays a stipend/salary). Their are thousands of paid employees, including mission pesidents, Seventies, CES instructors. Some general authorities are paid a stipend or modest salary for their work, as are mission presidents. A very small fraction or 108 LDS leaders get paid. It pulls in 5 to8 billion a year just in tithing. Much less than most leaders in other faiths who occupy similar presiding rank. I explained also that our Church has no paid ministry.” President Thomas S. Monson, 2006 Ensign. “We are a Church of lay leadership. Mormon authorities take tithing money and spend it on malls, mission presidents, and themselves. 1873: President Ulysses S. Grant signed the bill that authorized his raise for his second term. Leaders — tens of thousands of paid employees, including mission pesidents, Seventies, CES instructors take... 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