Budget

CBFNC is grateful for the faithful, generous support of our fellowship. In spite of the challenges posed by two years of a global pandemic, CBFNC’s financial health remains strong. The 2022-2023 Mission and Ministry Funding Plan maintains a level of spending that has been in place since 2020.
The 2022-2023 proposed MMFP is noteworthy for several reasons:

Income Sources – Churches supply the lion’s share of CBFNC’s income. However, other income sources are growing significantly as many churches are unable to give at the same levels as in the past. These non-church income sources include: individuals, grants, investment earnings, sponsorships and fees. The 2022-2023 MMFP includes funding from all of these sources.

Partners – Partner ministries are distributed among CBFNC’s four major ministry priorities.  Allocations were developed by CBFNC’s Partnership Development Committee, based on several factors: alignment with CBFNC identity and values; partner reports; historical precedent; and maximum percentage of partner budget (25%). CBFNC’s support for partners is noteworthy for several reasons:

  • The 2022-2023 MMFP includes $1,028,500 for partners and their ministries. This amount is 46% of undesignated church contributions to CBFNC during 2021.
  • CBFNC gives as much to partners as all other CBF organizations combined (Global and other state/regional CBF organizations).
  • In addition to budgeted amounts, CBFNC passed through $94,061 in designated gifts to partners in 2021.

Personnel – Most CBFNC staff costs are actually classified as ministry expenses. Still, personnel costs are only 30% of the total, a very low ratio among churches and non-profit organizations.

The MMFP was approved during the Annual Business Meeting of the CBFNC Annual Gathering on March 18, 2022

 

Click HERE to view the 2022–2023 Mission and Ministry Funding Plan.

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2021 Annual Report

Read our 2021 Annual Report to learn how CBFNC discovered new ways to resource churches and use 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 or on the image above to view CBFNC’s 2021 annual report on Issuu.com.
  • Download a PDF: Click HERE to download a PDF of the 2021 annual report.

 

(Access the 2020 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 JHylton@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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