For the first time in tax history, as of January 1, 2010, all non-profits--including religious organizations--, must comply with new IRS 403(b) regulations or risk plan termination, possibly subjecting their employees’ retirement assets to tax, penalties, and interest. Is your ministry prepared? The Summit Center's new 403(b) compliance package will protect your ministry. To find out more information or order the package, click here.
Summit Testing Time
June 1, 2008
CBTS’s Summit Christian Leadership Center is pleased to announce that Sweetbriar Baptist Church, a full-scale classroom ministry simulation, is ready for presentation to seminarians. The week-long simulation module required a year to write and has since been tested on the faculty and a group of vocational pastors. The students will experience Sweetbriar beginning January 2008.
Summit Center Director Ron Clark anticipates an experience for the students which will be both challenging and enjoyable. “Sweetbriar Baptist will push the participants to call on all aspects of their education here at Calvary. Simulation training gives students a powerful sense of how education intersects with real life and ministry. We’re convinced this tool will help our students be better equipped for the challenges of local church leadership.”
Pictured to the left are a group of CBTS Alumni and area pastors who participated in the second "test drive" of the Sweetbriar simulation.
Effective January 1, 2010 the IRS has set the standard mileage rate for the business (ministry) use of vehicles at 50 cents per mile.
The standard mileage rate is significant for two reasons....
The stock market has taken a large chunk of your retirement assets. DON’T let the IRS take the rest! A New IRS Retirement Plan deadline is coming soon: December 31, 2009.
All ministries with existing...
The Summit Center provides training to pastors, ministry leaders and seminary students in a variety of areas including:
Church simulations--provides students and pastors with real...
A great way to give to the Lord and also save taxes is to donate appreciated stock (stock whose cost is less than its current value) instead of selling then donating the net cash proceeds after taxes.You not...
Summit Center 
Summit Center Director Ron Clark anticipates an experience for the students which will be both challenging and enjoyable. “Sweetbriar Baptist will push the participants to call on all aspects of their education here at Calvary. Simulation training gives students a powerful sense of how education intersects with real life and ministry. We’re convinced this tool will help our students be better equipped for the challenges of local church leadership.”