Go woke, go broke is a saying, and for good reason. The AAA studio Ubisoft is on the verge of bankruptcy. Disney stock tanked significantly. And the Southern Baptist Convention has a liquidity issue. In 2021, the Southern Baptist Convention was manipulated by the tears of compulsive liars and made the fateful decision to waive attorney-client privilege and investigate themselves for sex abuse and cover-up only to find nothing. The resulting Guiedpost Report has resulted in numerous defamation lawsuits against the SBC causing a major liquidity crisis from the mounting legal bills with no end or victory in sight. But for the first time in my history of covering the Southern Baptist Convention, they had an adult conversation.
At this Monday’s SBC Executive Committee meeting, Jeff Iorg laid out a grim situation regarding the mounting legal costs as a result of the 2021 messenger’s vote.
In 2021, the Southern Baptist Convention adopted a consequential motion with several components. First, the messengers commissioned an independent investigation of the executive committee’s handling of sexual abuse allegations. Second, the Executive Committee was instructed to surrender attorney-client privilege related to the investigation. Third, the motion called for the investigation and its aftermath to be paid for with Cooperative Program funds. As the Executive Committee implemented this motion, the controversial subject matter coupled with waiving privilege and significant pressure from some leaders resulted in the Executive Committee indemnifying the investigator guidepost solutions. These decisions were controversial at the time, resulting in resignations by Executive Committee members and Executive Committee staff. Some voices objected to cooperative program funds being used as included in the motion. The Executive Committee made a good faith effort to respond to those concerns and protect the cooperative program by paying the costs from their reserves, which were about $14 million at the time. Now, four years later,
We know the financial cost of those decisions. Through December 2024, the Executive Committee has spent just over $13 million to fulfill the directives of the original motion and the results. To do this, the Executive Committee has reduced staff, now down to 22 full-time employees, cut programs, curtailed expenses, and spent its unrestricted reserves, which are now about $1 million.
For the current fiscal year, the Executive Committee is working to secure a $3 million loan to meet its financial obligations. Looking ahead, we anticipate at least another $3 million in legal expenses next year as we defend against multiple lawsuits resulting from the decisions made in 2021. And since we cannot predict the outcome or timeline for these legal processes, we do not know the total legal expenses we may face over the next few years. But here is our present reality: decisions were made by the messengers in 2021. Those decisions have consequences. Those consequences have costs. And those bills are due and they must be paid.
The pressing question then is how do we fund an estimated $3 million in additional legal expenses in the 25-26 SBC and EC operating budgets? One possible answer is to sell the SBC building in Nashville. We are currently marketing the building for sale for $35 million. We do not know if or when the building will sell.
However, we still must have a definitive alternative. For that reason, we’re recommending a $190 million cooperative program budget for 25-26, with a $3 million priority allocation for SBC legal expenses and other costs associated with that original motion. This is a controversial and difficult recommendation to make. No mission-centered Southern Baptist wants to take this action. I don’t. You don’t. No one does. But we have exhausted other definitive options. We have used the Executive Committee reserves. We have cut staff and programs. We have borrowed money and we are attempting to sell our building.
We have reached a point where the instructions from the original motion must now be implemented, directly paying for the investigation and its results with cooperative program funds.
Jeff Iorg after listing the SBC’s building for sale and taking out a loan has proposed a priority allocation of $3 million for the next fiscal year to be paid for by the Cooperative Program. Jeff Iorg’s proposal came with a level of self-awareness rarely seen in SBC leadership, especially as these same leaders went along with the foolish decisions of 2021, including current Southern Baptist president, Clint Pressley who signed along with a host of North Carolinian pastors who urged the SBC to waive attorney-client privilege.
The SBC is showing buyer’s remorse, but they are not repenting of their liberal folly. In fact, they are still as woke as ever.
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4 Responses
What should happen, is they should admit their way of handling this situation was not optimum, repent and make plans to correct for the future, and then payment for bills due could be had.
I fear that once they are paid, bad management will just continue without real transparency or accountability.
Since Baptists don’t even observe communion, why not just do house chutch at this point?
At this point, the Southern Baptist Convention has become so corrupted and debased by anti-White cultural marxism that they should just disband, since it’s obvious that they have no intention of returning to Traditional True Christianity.
The only things the modern Southern Baptist Convention stands for are zionism, judaism worship, open borders, miscegenation, and race-mixing.
Due to their lust for the approval of (((antichrist secular society))), the Southern Baptist Convention has betrayed Christ and the Christian flock.
“For the current fiscal year, the Executive Committee is working to secure a $3 million loan to meet its financial obligations. Looking ahead, we anticipate at least another $3 million in legal expenses next year as we defend against multiple lawsuits resulting from the decisions made in 2021.”
Undoubtedly, this (((loan))) will come with strings attached: namely, the requirement that the Southern Baptist Convention become even more pro-jewish and even more anti-white.
“The pressing question then is how do we fund an estimated $3 million in additional legal expenses in the 25-26 SBC and EC operating budgets? One possible answer is to sell the SBC building in Nashville.”
The Southern Baptist Convention became traitors to Christ, and instead decided to curry favor with (((secular society))).
Now the SBC is reduced to having to put their building up for sale.
All of the idiot cuckvangelicals who go around bleating that everyone who supports jews will be “blessed”, should take note of this.
The SBC is completely pro-jewish, and they have declined to the point where they have to sell their building.
It’s totally obvious that anyone who supports the evil antichrist jews and earthly imposter “israel” is being cursed, NOT blessed.
SBC leadership is trying to lay the blame for this disaster on the messengers for their vote. However, messengers are not legal experts, they are pastors. The messengers had to rely on advice from SBC-provided legal experts. If the SBC has any chance of restoration, leadership must repent of these sins for guiding the convention toward self-destruction. Perhaps it should be destroyed, as these fiscal problems are only the symptom of ignoring their own written and stated Biblical standards. With respect to those standards, however, the messengers are not blameless.