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 Mission Resource Plan
"The Mission Resource Plan offers a more creative financial covenant through which all North Carolina Baptists may fund and support cherished partnerships and institutions in keeping with the Baptist Freedoms advanced by John Smyth, Thomas Meredith and Roger Williams in the 1600s. The Plan provides a distribution schedule developed through many hours of prayerful meetings of the leadership of CBFNC and its partners. However, you have the freedom to create your distribution schedule in keeping with your commitments and resources. I encourage everyone in friendly cooperation with CBFNC to seriously consider this Plan as you develop your 2007 budget."
Roy Smith, Retired Executive Director-Treasurer, Baptist State Convention of North Carolina
~ Information and details about the new Mission Resource Plan
~ Also, download our Mission Resource Plan brochure or order.
~ CBF "Fifty Cents" - If you follow the suggested MRP, fifty cents of every dollar go to CBF/CBFNC causes. So, where does the "CBF Fifty Cents" go?
~ CBFNC Operating Budget
If you have questions about this plan, please call CBFNC Coordinator, Larry Hovis (888) 822-1944 or New Day Task Force Chair, Paul Baxley (252) 438-3172. Read an article from Rick Jordan, Church Resources Coordinator, on giving to Theological Education ( page 1) ( page 2). Read an article from Larry Hovis, Executive Coordinator, on giving to NC Baptist Schools ( page 1) ( page 2).
Mission Resource Plan Breakdown:
*If you are currently contributing to CBFNC, please contact our staff before adopting this plan.
**Distributed to Higher Education institutions based on full-time on-campus undergraduate enrollment.
Churches - Tax Exempt and Charitable Status
Several churches have expressed a concern as to whether they are a tax exempt organization and whether contributions to their organization are tax deductible by the contributor. A review of United States Internal Revenue Service (IRS) documents will prove that these concerns are unfounded. According to the IRS documents "Churches that meet the requirements of IRC section 501(c)(3) are automatically considered tax exempt and are not required to apply for and obtain recognition of tax-exempt status from the IRS." (Quote from IRS publication Tax Guide for Churches and Religious Organizations - benefits and responsibilities under the federal tax law.)
After detailed research of information provided through the IRS web site, CBFNC has produced two documents that we believe will provide you sufficient information to make an informed decision on these issues. If you are looking for a short, direct approach, follow the link to a one-page document titled "Do Churches Need to Apply to the IRS to get Tax-Exempt Status or get any special Tax Identification Number?". The resounding conclusion to the question is no.
Those desiring to research the issues further should follow the link to a more detailed document titled "Do Churches and Religious Organizations Need to Obtain Recognition of Tax-Exempt Status Through a Group Determination Letter?". This document begins with an executive summary and then provides a detailed analysis of IRS publications relating to this issue. Links are provided in the document to facilitate your access directly to the document on the IRS web site in case you desire to verify the accuracy of the information provided.
The primary IRS source used in this research is Tax Guide for Churches and Religious Organizations - benefits and responsibilities under the federal tax law. You may read or download this document directly from IRS by clicking on the following link http://www.irs.gov/pub/irs-pdf/p1828.pdf.
The staff and leadership of CBFNC will be glad to discuss this issue with you should you have additional questions.
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