Financial Transparency and Accountability
The North American Mission Board (NAMB) is committed to the highest standards of financial integrity, independent oversight and biblical stewardship. The missionaries and staff who serve NAMB are grateful for the offerings and donations that fuel the ministry. This page highlights the ways NAMB practices transparency in how finances and resources are utilized as well as the oversight and accountability that is in place to ensure NAMB’s resources are stewarded well.
NAMB is accountable to its Board of Trustees. Members of NAMB’s Board of Trustees are all Southern Baptists. Trustees are elected by messengers at the SBC Annual Meeting to provide oversight and accountability. Trustees have approved and regularly review NAMB’s financial policies and practices. Trustees have established a compensation committee that utilizes information from independent compensation analysis professionals to determine appropriate salary ranges for all NAMB ministerial staff.
NAMB is accountable through reporting. NAMB reports annually to members of the SBC Executive Committee (SBCEC) and answers questions from SBCEC members. NAMB reports each year to messengers at the SBC Annual Meeting and takes questions from messengers. NAMB provides an annual report to the national executive director and board of the Woman’s Missionary Union detailing how Annie Armstrong Easter Offering® funds are spent. NAMB’s reports are published online for Southern Baptists to review.
NAMB is accountable through independent audits. An independent, outside firm conducts an audit of NAMB each year. In addition, NAMB has an independent, internal auditor who reports directly to the Board of Trustees. This has been the case since 2006.
NAMB is accountable through accreditation and ratings from independent, third-party sources including current accreditation awarded by the Evangelical Council for Financial Accountability and a Platinum seal of transparency on our GuideStar nonprofit profile through Candid.