Budget

CBFNC is grateful for the faithful, generous support of our Fellowship. Though we still live in the shadow of a global pandemic that is now three years old, CBFNC, partner churches and ministry partners have resumed a full schedule of ministries.

The 2023–2024 Mission and Ministry Funding Plan (MMFP) is noteworthy for several reasons:

Five Years – The MMFP, which combined CBFNC’s Operating Budget and Mission Resource Plan, was started in 2019–2020. 2023–2024 will be the fifth year of this approach to budgeting. This approach has brought more uniformity and clarity to CBFNC’s financial operations. As we reach the five-year mark, the Coordinating Council will conduct an assessment of this structure to ensure its effectiveness for the future.

Prudent Management – The 2023–2024 MMFP is 3% less than the previous year. Though our nation has experienced significant price inflation for two years, CBFNC continues, through prudent management, to provide effective ministry in a challenging financial environment.

Sources of Income – Churches still supply a significant majority of CBFNC’s income. The impact of the pandemic, as well as other factors, has caused some churches to reduce giving to CBFNC. CBFNC has been successful at growing other sources of income, including individuals, grants, investment earnings, sponsorships and fees. As we celebrate CBFNC’s 30th Anniversary in 2024, we will need to diversify sources of income even more in order to thrive as a Fellowship in the future.

Partners – CBFNC is the largest single funder of partners in the entire CBF network. If the 2023–2024 MMFP is fully funded, over $1,000,000, or approximately 40% of the total, will support ministry partners.

Personnel – CBFNC staff costs, which are primarily ministry expenses, are only 30% of the total budget.

The MMFP was approved during the Annual Business Meeting of the CBFNC Annual Gathering on March 24, 2023.

 

Click HERE to view the 2023–2024 Mission and Ministry Funding Plan.

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2022-2023 Annual Report

 

 

Read our 2022-2023 Annual Report to learn how CBFNC is using your gifts to pursue God’s mission in our state and beyond.
Please share this report with others in your church, ministry and community.

  • View It Online: Click HERE to view CBFNC’s 2022-2023 annual report on Issuu.com.
  • Download a PDF: Click HERE to download a PDF of the 2022-2023 annual report.
  • Download the One Sheet HERE to give you a snapshot of CBFNC’s accomplishments from the 2022-2023 annual report.

 

(Access the previous year’s Annual Report HERE.)

Endowment

Lolley Fund for Theological Education

The goal of the Lolley Fund for Theological Education is to support men and women preparing for Christian ministry enrolled in seminary or divinity schools who have a commitment to serving in Baptist congregations and ministries. The Lolley Fund is an initiative of the Endowment Management Board of the Cooperative Baptist Fellowship of North Carolina.

Candidates for the scholarships must be nominated by submitting this form and a letter of nomination. Factors that contribute to suitability include (1) evidence of a strong commitment to Christian vocation; (2) an active record of leadership and/or participation in a Baptist congregation; (3) exceptional promise for leadership and vocational ministry, and (4) demonstrated maturity in character, personal integrity and intellectual acuity. The Lolley Awards are merit awards, and reflect CBFNC’s commitment to supporting theological students who embody the highest values and commitments of our congregations.

Click here to download a nomination form.

Contact our office at 336.759.3456 for more information.

Mission and Ministry Endowment Fund

From the generous gift of a church that closed its doors, the CBFNC Coordinating Council established the New Church Starts Endowment Fund. As it grows in value, the goal of this fund is to finance new church starts.

Your gifts to this fund will help CBFNC spread the Good News of Jesus throughout the state of North Carolina.

CBF of North Carolina Endowment Fund

Your gifts to a CBFNC endowment fund can plant seeds of blessing, of hope, and of help.  Designate a gift for scholarships, new church starts, or where it is most needed. Please remember CBFNC in your will or estate plan. 

Contact Jim Hylton at (336) 759-3456 or finance@cbfnc.org for more information.

Gifts from individual supporters established this endowment fund to supplement the CBFNC annual operating budget. Gifts to this fund assist all areas of CBFNC ministry as we strive to join the work of God in the world.

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