By Baptist Message staff
INDIANAPOLIS (LBM) – Leading up to the 2024 Southern Baptist Convention Annual Meeting, the Executive Committee declined to act on two motions that called for enhanced transparency in the financial reports provided by Southern Baptist entities.
Presented by messengers during the 2023 SBC Annual Meeting in New Orleans, the motions would have required Convention entities to provide Southern Baptists with detailed information about highly compensated individuals — like other tax-exempt organizations that are mandated to submit the Form 990 to the Internal Revenue Service.
The motions would not have required entities to submit Form 990 to the IRS, but only provide the detailed breakout information about executive salaries to Southern Baptists.
Instead of requiring such transparency, the EC urged Convention entities to uphold all current reporting standards and promised to review the Business and Financial Plan “to determine ways to enhance transparency and clarity of reporting to the Convention, and will report its findings and recommendations to the messengers at the 2025 SBC Annual Meeting in Dallas.”
