Month: January 2025

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From the Memo Board: February 2025

Important Dates to Know

February 1 – 1099 Forms and other tax documentation for the 2024 tax year are available on Secure Cloud.
February 1 – January Financial Reports will be due for Non-Resident Missionaries. This includes FNPO Reports for those with Foreign Non-Profit Organizations.
March 1 – January Financial Reports will be due for US Missionaries. This includes FNPO Reports for those with Foreign Non-Profit Organizations.
March 1 – February Financial Reports will be due for Non-Resident Missionaries. This includes FNPO Reports for those with Foreign Non-Profit Organizations.
April 14-18, 2025 – Family Fellowship Week at Caraway Conference Center in Sophia, NC.

 

For easy access to all of these dates, click here to download our WWNTBM Dates and Deadlines Calendar into your calendar app.

New Excel Template for US Missionaries

A new Excel template for the year 2025 has been uploaded to SecureCloud.

January financial reports for US Missionaries will be due on March 1. If you have not yet submitted your January report, please be sure to utilize the new template for all future reports.

Click here to view a Financial Report Checklist to ensure you are filling out your MFRs correctly.  This checklist is also available in the Secure Cloud folder named Forms and Manuals.

Benefits of Financial Reports for US Citizens

The Monthly Financial Report (MFR) is the tool that US Citizen Missionaries can use to become accountable to WWNTBM for their reimbursable expenses rather than having all funds listed as personal earnings. Over the course of 2024, 74% of those eligible chose to submit MFRs. By doing so, they were able to reduce their 1099 Personal Earnings by a combined average of 25.06%. If you are not currently utilizing MFRs and would like information about how to begin, please contact our office.

New Mileage Rate

Beginning on January 1st, the IRS mileage rate has increased to $0.700 per mile for business/ministry miles. This change will be reflected in the new Excel template for 2025, which will be available on February 15.

Family Fellowship Week

Family Week is fast approaching! We are excited to see the plans coming together, and we hope you are planning to attend. The week will begin with dinner on Monday evening, April 14, and will end with the Thursday night service. There will be free time in the afternoons so you and your family can enjoy the facilities or take in local attractions. Attendees are asked to stay for the entire week. Check-out will be Friday morning after breakfast.

If you have not yet contacted us to reserve your spot please do so ASAP by clicking here. Your final plans regarding attendance for you and any guests need to be communicated to our office by February 1, 2025. Changes made after this date will affect our contract billing with the retreat center. Click here to see more information and details about the week. We look forward to seeing you there!

IRS Information for the 2024 Tax Season

The IRS has issued a notice about this year’s tax season. Please click here to view the information from the IRS.

We encourage all missionaries who are subject to US Taxes to contact your tax preparer and begin the filing process as soon as possible.

Preparing and Filing Taxes for US Missionaries

Please note that while our Office Staff is familiar with many of the IRS regulations that affect missionaries, we are not authorities on the subject. We will attempt to assist our missionaries in any way possible; however, questions that are beyond the scope of your mission’s status are best directed to a tax professional.

We will provide you with the following information at the end of January. You may wish to submit this to your tax preparer:

      • A copy of your 1099
      • A year-to-date Summary of the MFR information that you have submitted to the Office. This can be especially helpful if you have completed Categories 17-22, as many of those categories can affect your personal taxes. This will show your Personal Earnings Calculations for the year, as well as Housing Allowance information and details of estimated taxes we may have submitted for you during the year. There may also be notices on this document specifically for you and your tax preparer about any situations we are aware of that may impact your tax filing.

You should also provide your tax preparer with the following:

      • List of the dates that you were in the US vs. out of the country during the year.
      • Details of any Housing Expenses, to be used in addition to the Approved Housing Allowance for completing Worksheet 1 of IRS Publication 517.
      • Information on any retirement plans that you may have contributed to during the year, or that you have received a distribution from during the year.
      • Names and Social Security Numbers of all family members.
      • Names and dates of any family births or deaths (children and spouses), as well as whether you were married during the year.

US Treasury Department regulations require that if you have any foreign bank accounts, and if the sum total of all of your foreign accounts has ever been $10,000 or more at any time during the year, you should file the FBAR via FinCEN’s BSA E-Filing System. Further information is available on the IRS website at www.irs.gov.

You may also need to complete Form 8938, which deals with foreign assets.

If you participated in the Healthcare Marketplace, you will need to provide your tax preparer with Form 1095-A.

New Missionary

We are pleased to welcome Cody and Nikayla Carden to the World Wide family. The Cardens are members of the McLeansville Baptist Church in McLeansville, NC, with Pastor Michael Barnette. Bro. Cody came with World Wide as an associate in March of 2023. He and Nikayla were married in October of 2024 and have now been accepted as missionaries with full status.  As See the Harvest Director, he will lead See the Harvest trips.

To learn more about See the Harvest and the upcoming trips, please visit SeeTheHarvest.com.

Prayer Requests and Special Days

Click here to download a PDF of prayer requests and praises, as well as the birthdays and anniversaries for this month.

Note: You will need to login to SecureCloud in order to view this document. Once you have logged in, click on Files, Shared, then Headquarter Happenings, then scroll to the month you would like to view. This step protects people with WWNTBM in restricted access fields.

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To Whom I Belong

By John O’Malley

“…we are his people…” (Psalm 100:3)

The psalmist paints a picture for us that is overwhelming. Consider the powerful message in these four words. “…we are his people…”

The psalmist reminds us of God’s interaction with man: “we.” Sinful men tainted by the garden experience in Eden, having been barred from fellowship with God, now have access to Him. No longer outsiders, by faith in His Son, we now stand inside the garden of fellowship with Him. God’s interaction with people made us “we.”

The psalmist reminds us of God’s interest in Man: “are.” God’s interest in man did not stop in the Old Testament and New Testament days. God’s interest is ongoing. We “are” His people. Not was. Not will be. We are, right now, His people. God is interested in His children.

The psalmist reminds us of God’s investment in man: “his” God made the ultimate investment in us. He invested Jesus. When God gave His Son to die for us, He showed what investment He was willing to make. What an investment He made to make us His own. We are His possession.

The psalmist reminds us of God’s inheritance in man: “people.” God chose us for His inheritance. He proclaims in His Word that He is not ashamed to claim ownership of us (Hebrews 2:11). The children of God belong to Him.

Shall we fear anything? Shall we be discouraged by any foe? Shall any condition bring despair? I call you to attention. We are His people.

Will I ever be left alone? Will I ever be forsaken? Will I ever be out of His reach? Will I ever be out of His care? I call you to remember His Word. We are His people.

As you walk through your day, will you let this thought echo in your mind and heart? You are His.

John O’Malley

If this article has been an encouragement to you, you can email Bro. O’Malley to let him know.

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Made Where?

By John O’Malley

“… it is he that hath made us, and not we ourselves…” (Psalm 100:3).

Made in China. Made in Taiwan. Made in Japan. Made in Malaysia.

These are all common tags we see on the products we purchase. The tag reminds us of a distant land we may have only heard about. The tag may remind us of a global economy. The tag may even evoke strong feelings of national pride and seemingly unanswerable questions about trade practices.

On some products we purchase we also find a tag that reads, “Inspected by #4.” These tags make me smile. I wonder, “Who is number four? Is there more than one number four? Is number four a station? Who really made what I am wearing?”

Dear Reader, our verse for today sends one clear message. Believers carry a tag. It is a tag that designates our Maker. We carry God’s tag. The tag reads, “Made by God.” The psalmist describes our tag: “… it is he that hath made us, and not we ourselves.”

My entire existence is affected by this verse. This truth affects my worship and work for God. This precept brings me to the realization I did not bring myself into existence; He did. I did not make me; God made me. I read this phrase, and it brings comfort to my soul, conviction to my service, and compassion as I work with others. David’s words in the 139th Psalm say that he was “fearfully and wonderfully made.”

The tag on every person’s life is the same: “Made by God.” We do not make our own way in this life. We may try to make a name for ourselves, but we carry His tag.

When someone accepts the payment for salvation paid by Jesus, we bear another mark on our tag. It is the designation that we were bought with a price. Paul wrote that we are bought with a price (1 Corinthians 6:20). Jesus purchased us with His defeat of death, hell, and the grave. His purchase of me means I am His. I am to put God in the spotlight of my life, or in other words, glorify Him. By faith in Him alone, the tag on my heart says “Purchased.” I am His.

This analogy is simple. It conveys one clear truth. Our lives are not our own; therefore, bring Him glory.

The believer wears the tag “Made and Purchased by God.” Is God pleased with your actions, your attitudes, and your activities?

I want you to find someone today and tell them, “God made me.” Then ask them, “Did you know He paid the price for you to go to heaven?”

John O’Malley

If this article has been an encouragement to you, you can email Bro. O’Malley to let him know.

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From the Memo Board: January 2025

Important Dates to Know

January 1 – November Financial Reports will be due for US Missionaries. This includes FNPO Reports for those with Foreign Non-Profit Organizations.
January 1 – December Financial Reports will be due for Non-Resident Missionaries. This includes FNPO Reports for those with Foreign Non-Profit Organizations.
January 7 – Inform the office via the Signal app if you have any special instructions or additional information regarding your tax paperwork.
January 10 – All Missionaries will receive their statements of December Support.
January 13 – All Missionaries will receive their final December support on this day, regardless of the day they normally receive support.
January 15 – December Financial Reports will be due for US Missionaries, along with any remaining receipts or financial paperwork for 2024. This includes FNPO Reports for those with Foreign Non-Profit Organizations.
February 1 – 1099 Forms and other tax documentation for the 2024 tax year will be available on SecureCloud.
April 14-18, 2025 – Family Fellowship Week at Caraway Conference Center in Sophia, NC.

 

For easy access to all of these dates, click here to download our WWNTBM Dates and Deadlines Calendar into your calendar app.

Tax Information

We are preparing to issue tax paperwork for the year, and need to be sure we follow your intentions. Many missionaries have us use alternate addresses on their 1099, or have us send paperwork directly to a tax preparer for them. Please login to your SecureCloud and look for the document called 2024 Tax Info Status Report. If anything needs to be adjusted to the information included, or if you have any additional information or special instructions regarding your tax paperwork for this year, please contact us via the Signal app to let us know what changes to make. If we do not hear from you by January 7th we will issue your tax information as indicated on this report.

Year-End Adjustments

During a typical month, we close the books on the 25th, and any checks received after that date are posted to the following month. This means that you receive your Support List and total income figures on or about the 25th, and we then deposit funds into your account(s) on the 29th, 5th, or 10th of the month after we have calculated estimated taxes, tithes, and other month-end payments.

Due to receipting requirements, we cannot do this in the month of December, as we are required by law to process funds that were postmarked in December as if they were received in December. This means we cannot close the books for December until January 10th, and therefore we do not have final December figures until January 10th.

    • Unless you have requested an early deposit, final transfers of December funds (after all estimated taxes and tithes have been calculated) will be made for January 13th, 2025, regardless of the day you usually receive your monthly support.
    • Please be aware that your December support total may be higher than normal, while your January support total may be lower than normal. Please be sure to plan ahead for this!

Upcoming Financial Reports for US Missionaries

Please prepare now to ensure that your year-end financial reports are submitted on time. November reports are due January 1 and December reports are due January 15. If it is possible for you to submit reports before the due dates, that would greatly assist our staff. Please note it is fine to submit a report without waiting for the Line 1 income figure. We can add that for you as needed. Reports should be submitted to [email protected]. Please be sure to include all receipts for expenses $75 and over at the same time you submit your report so there are no delays in processing. Thank you for your help in these areas.

New Excel Template for US Missionaries

A new Excel template for the year 2025 will be available on February 15. This will give us time to review the need for any possible updates. January financial reports for US Missionaries will be due on March 1. Should you wish to complete your January report before the new template is available, you are welcome to submit it on the 2024 template. However, starting with the February report please be sure to use the new template.

SecureCloud Packets

At the end of each month, we scan any mail that has come to the Office and place it in your SecureCloud folder. This would include check stubs for all bills paid by the office, as well as any cards or correspondence from donors. Please be sure to check SecureCloud periodically, especially once you receive the notice that December packets have been uploaded, as many missionaries have received Christmas cards and letters which are available to you there.

Prayer Requests and Special Days

Click here to download a PDF of prayer requests and praises, as well as the birthdays and anniversaries for this month.

Note: You will need to login to SecureCloud in order to view this document. Once you have logged in, click on Files, Shared, then Headquarter Happenings, then scroll to the month you would like to view. This step protects people with WWNTBM in restricted access fields.