SBC EC rejects transparency motions

By Baptist message staff

INDIANAPOLIS (LBM) – Ahead of the 2024 Southern Baptist Convention annual meeting, the executive committee declined to act on two motions calling for increased transparency in financial reporting provided by Southern Baptist entities.

Introduced by messengers at the SBC’s 2023 annual meeting in New Orleans, the motions would have required Convention entities to provide Southern Baptists with detailed information on highly compensated individuals — like other tax-exempt organizations. tax who are mandated to submit Form 990 to the Internal Revenue. Service.

The motions would not have required entities to submit Form 990 to the IRS, but only provided detailed salary information for Southern Baptist leaders.

Instead of requiring such transparency, the EC urged Convention entities to comply with all current reporting standards and promised to review the business and financial plan “to determine ways to improve transparency and accountability.” clarity of reporting to the Convention, and will report its findings and recommendations to the Convention.” messengers at the 2025 SBC Annual Meeting in Dallas.