From the Memo Board: December 2016

Dates to Know

December 9 – Revised pay date for those who normally receive funds on the 10th.

December 9 – All prayer letters should be submitted to our staff in order for your recipients to receive them before Christmas.

December 16 – Please contact us by this date if you will need funds in your account before Christmas or the end of the year.

December 21-28 – The Office will be closed in celebration of Christmas.

January 1 – November financial reports will be due.

January 9 – Missionaries will receive their emailed statements of December Support Received.

January 11 – All missionaries will receive their final December support on this day, regardless of the day they normally receive support.

January 16 – December financial reports will be due, along with any remaining receipts or financial paperwork for 2016.

December Support

Please contact us by December 16 if you would like funds in your account before Christmas. Final December support distributions will be made on January 11th for all missionaries, regardless of their regular pay date. Contacting us by December 16 will enable us to schedule your funds around bank closings and holiday hours. Should you have an emergency need after December 20, you may contact our staff at the following numbers:

John O’Malley: 704-974-6108
Kim O’Malley: 704-974-1008

January Income Totals

During a typical month, we close the books on the 25th, and any checks received after that date are posted to the following month. Due to receipting requirements, we cannot do this in the month of December. As a result, 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!

New Board of Reference Member

renfrowsWe would like to welcome Pastor Mike Renfrow as a new member to the Board of Reference of WWNTBM. Pastor Renfrow and his wife, Priscilla, are from Wilson, NC, where he pastors Trinity Baptist Church. Prior to their time in the pastorate, they served for several years in evangelism. They have four children: Micah, Stuart, Emily, and Laura. Trinity is the home church for Ruby Kersey, as well as Alejandro and Fina Sanchez.

New Missionary cordeiro_tati-2016

Tatiana Cordeiro has been accepted with World Wide as our newest missionary to Brazil. She is sent out of Fairfax Baptist Temple in Fairfax, VA, with Pastor Todd Abbey. Miss Cordeiro has already served in Brazil for ten years, where she has ministered with the Mike Ring family. Please pray for her as she continues to raise support and makes preparations to return to the field early next year.

Retirement Accounts

Each year we are required to publish the following to all missionaries:

WWNTBM currently offers our missionaries the option of participating in a 403(b) Retirement Plan, the non-profit version of a 401(k) plan. We encourage all of our missionaries to participate in some type of retirement planning. If you do not currently have a 403(b) account and would be interested in opening one, please contact our office for a listing of vendors and more information.

Due to IRS regulations, we are required to use a Third Party Administrator (TPA) to handle all 403(b) accounts. The administrative fee is $50.00 per year, which will be deducted from Support each January or February for those who contribute. The TPA assists us by administering our plan and keeping us in compliance with the Department of Labor and IRS codes.

Please note that loans and hardship withdrawals are not allowed by the companies who manage your 403(b).

Please see the file in SecureCloud for the latest information on contribution amounts and limits for 2016 and 2017.