Mike Martin

Assistant Executive Director of Business and Finance - Mike Martin HPBC 2021 Annual Meeting Report for November 2020 – November 2021

Aloha! It has been a great joy to serve again during this reporting period to our churches and other ministries. Over the past 18 months during the challenge brought on by COVID19, our HPBC churches have been faithful in supporting Kingdom Work through missional giving. Here are some highlights:

2020 Giving from HPBC Churches: Overall, during 2020, HPBC churches gave $1,700,108 through Cooperative Program and special offerings (Sue Nishikawa, Annie Armstrong, Lottie Moon, and World Hunger). As of September 30, 2021, HPBC churches gave $1,163,233. • Cooperative Program Giving – HPBC churches gave through Cooperative Program giving • $1,282,180 ($1,250,000 budgeted). This included 102 (2019-113) churches, missions and departments giving through Cooperative Program. The top 10 churches gave 58% (2019-50%) of all cooperative program while the top 25 churches gave 79% (2019-75%), and the top 50 churches gave 93% (2019-92%) of all Cooperative Program giving. Cooperative Program giving improved over last year by $100,515 and met the budget amountby $32,180. As of September 30, 2021, HPBC churches gave $828,198 and is on track to meet the 2021 budgeted amount of $1,062,500. • Sue Nishikawa Offering – HPBC churches gave through the Sue Nishikawa Offering $120,389. Thisdid not meet the goal of $130,000, however, considering the year, this was an excellent offering. This included 58 HPBC churches, missions, and departments along withthe Hawaii Baptist Foundation (HBF), individuals, and monthly support from a mainland church givingto the Sue Nishikawa Offering. As of October 15, 2021, HPBC churches gave $74,717. • Annie Armstrong Offering (NAMB) – HPBC churches gave $101,605 ($150,000 budgeted). Thisincluded 54 churches, missions, and departments giving both to the special offering andperiodic support through the year. As of September 30, 2021, HPBC churches gave $115,017. • Lottie Moon Offering (IMB) – HPBC churches gave $239,003 ($250,000 budgeted) towards the Lottie Moon Offering and support of IMB. This included 69 churches, missions, and departments that gave to Lottie Moon Offering. As of September 30, 2021, HPBC churches gave $173,105. • World Hunger – HPBC churches gave $33,014 ($40,000 budgeted). This included 10 churches, missions, and departments. As of September 30, 2021, HPBC churches gave $11,601.

During 2020, 101 churches plus on department of a church, gave towards Cooperative Program during2020. At least 5 of the churches that gave during the year are not in existing anymore.

During 2020, 69 churches gave toward the Lottie Moon Christmas Offering (or during the year directly toIMB). 66% of the total collection came from churches on Oahu and 16%

from the Asia Baptist Network churches. 82% of all receipts come from these two specific regions.

During 2020, 54 churches gave towards Annie Armstrong Easter Offering (or during the year director toNAMB). 76% of the total collection came from Oahu churches and the Korean Baptist Association gave $3,000.00 (representing Korean churches) during 2020.

During 2020, 58 churches along with other individuals and organizations (i.e.-HBF) gave towards the State Missions Offering. The top 10 churches gave 63,627 towards the 120,389 (53% of all state missions offering). The top 25 churches gave 90,872 out of 108,809 (amount given only by churches) or84% of all the offering.

Eight of our churches gave to all five funds last year (CP, AA, LM, SNO, WH), 40 churches gave at least to four out of the five funds, 58 gave at least three of the five funds, 81 gave at least to two of thefive funds and 103 churches gave to at least one of the funds (included in this is FBC Sellersburg that has been faithfully supporting Sue Nishikawa Offering for past several years at a 100/mo.)

In addition, 40 churches gave to the four major funds (CP, AA, LM, SNO) while 48 churches gave to the 3 denominational funds and 55 churches gave both to CP and SNO for the year.

In strengthening integrity and accountability in institutional stewardship and structure during 2021, we have: • Provided a clean and timely audit for 2021. The audit was completed in March 2021 and provided up-to-date accurate financials and improved the budgeting process for the 2022 fiscal year. • Improved our process and maintaining records as required by IRS with our groupexemption including updating documents required to be kept by HPBC. • Improved records on active status of HPBC churches, missions, and departmentsincluding churches eligibility of being in good status according to constitution and by-laws. • Increased participation from HPBC churches in giving through Cooperative Program and increase participation from churches, missions, and departments to full participation andawareness about the opportunities to partner together in the mission and vision of HPBC. • Continued to improve relationships with ABN churches in support of online giving for their local churches through HPBC. • Continued to improve the knowledge of ministerial compensation along with accounting principles andstructures. This includes providing on-demand training along with improvement of information provided by the website and other electronic resources. In addition, providing resources that will assist churches in maintaining business information at a cost-effective price. During 2021, trainings and on-site financial reviews were conducted to improve the stewardship of

financial resources by our churches.

In providing excellent resources for HPBC churches, we are developing partnerships and relationships with: • Online Platforms – We are partnering with online platforms that can assist churches in providing different ways to effectively minister to their congregations as well as use different tools to reach the world. This has been especially important during this past year with the pandemic. Other resources are being negotiated at this moment include Church Management Software (CMS), online giving platforms for churches, discounts to lower costs for churches in day-to-day operations.

In leveraging the SBC Network in positive Kingdom relationships, we are improving and providing: • Guidestone – Guidestone has provided many resources for retirement, insurance, ministerial tax information for the convention. During 2019, through cooperative giving, HPBC was able to match HPBC pastors in their annuity giving, insurance of $24,780. • Mission Agencies (NAMB and IMB) – During the past year, we have been able to develop great business relationships with both agencies. The improvement has allowed for timely receiving of funds for missional work. We are looking to improve on was in 2022 to continue to streamline processes for better disbursement of funds from mission agencies.