Financial Info

As a charitable non-profit organization, IBC relies on the generosity of a large number of hard working people like you in order to carry out its mission. As a result we feel it important to keep our financial status available for our donors and others to review.

Online Giving

We offer online bank drafts as a method for folks to give to IBC online. You can even set up recurring drafts. We use americanbankdraft.com to make sure that the transactions are secure and private.

Make a donation to IBC through American Bank Draft

Give Via PayPal

If you have a PayPal account you can use it to donate to IBC and the service is free when the money is transferred from a PayPal balance or bank account.

To give to IBC via PayPal:

1. Log in to your PayPal Account.
2. Click on the “Send Money” Tab
3. Use paypal@irvingbible.org as the “To” address, enter the amount you would like to give and select “Gift” from under the “Personal” tab.
4. After you click “continue” you will have an opportunity to confirm your selections before you send money.

Using PayPal to donate does not incur a fee for you or for IBC ensuring that every dollar you send will go to the ministry effort of serving others in the name of Christ.

Thank you for your generosity, digitally!

Charitable Giving and 2012 Tax Tips

One of the best ways to make a difference in today's world is through charitable giving of your time, talents and money. Our government recognizes these acts of kindness as reason for reward, i.e. tax breaks, for monetary gifts. Here are some tips to keep in mind.
 
Ways to contribute:
 
Charitable giving comes in two forms: cash contributions and non-cash contributions. Cash contributions include donations made in cash, by check or credit card. Non-cash  contributions include donations of stock and real estate, as well as personal items such as clothing, furniture, automobiles, etc. To document cash donations, you must provide your name and address with the contribution in order to get a receipt from the charity.
 
Non-cash contributions:
 
To document a non-cash contribution, simply get a receipt from the charity to which you  have made a donation. If you donate items to Christian Community Action (CCA), Goodwill, or a similar charity, be sure to get a written receipt because these are also tax-deductible. Remember that you can deduct 15 cents a mile for any charitable work, including the trips to bring the old clothes to the charity.
 
Stock contributions:
 
If you donated stock, you may claim a tax deduction equal to the price of the stock at the time of contribution.  To avoid capital gains taxes on stock that has appreciated over the years, donate the stock directly to Irving Bible Church and receive a tax deduction equal to the price of the stock at the time of the contribution (instead of selling the stock and then making a donation). All contributions must be received by IBC or postmarked by December 31 to count towards the current year. Checks dated prior to 2012 but not postmarked by December 31 cannot be counted toward 2011 giving.
 
Keep your receipts:
 
You either have proof of your deductions, or you do not. Always keep your receipts and checks if you want to deduct them. Deductible receipts and checks should be kept for at least three years from the due date of the year filed, or from the actual date filed, if later.
 
Forgot to get a receipt?
 
With non-cash charitable contributions, the rule is simple: no receipt means no deduction if you get audited. If you've already dumped your old clothes in a Salvation Army box and walked away without a receipt, you might go ahead and take the deduction anyway. You've legitimately made the contribution. You just may not be able to prove it in an audit. If you can, reconstruct the list of items you donated as best as you can and then figure out their market value. The easiest way to do this is to go to a Salvation Army or thrift store and check prices there. And then, of course, get a receipt.

IBC 2011-2012 Budget

Each year, an annual budget is presented to the IBC elders for review, analysis, questions and approval. The operating budget is fundamental to our accountability, transparency and integrity. The PDF below includes the 2011 budget overview as well as the 2012 proposed budget overview. If you have any questions regarding finances at IBC, please feel free to contact Tommy Tucker, IBC Finance/Operations Director at ttucker@irvingbible.org.

Download a PDF of the 2011 Budget and 2012 Proposed Budget

For More Information

For more information regarding IBC financial information and giving, contact Tommy Tucker, IBC Finance/Operations Director via email or (972) 560-4600.