budgeting Archives - Page 22 of 26 - Church Executive


Glenn Wood: Finding the financial "fuel" Seacoast needs to grow

With 13 locations (and growing!), Seacoast Church’s vision proved to be beyond its previous financial partner’s comfort level.

The challenge: find one that understands who the church is, what it wants to do, why… and how to make it happen.

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Finances & college planning

The thought of preparing for your child’s college education can be daunting. There are so many questions: How much do I need to save? When do I need to start? What are my options? Here, we tackle four common questions about college planning.

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JOEL SIMS: a son’s legacy — and a father’s foundation

At 33, Pastor Joel Sims of Word of Life Church in Flowood, MS, has already served in executive church leadership for more than a decade. He has also undertaken $29.4 million in construction projects — some completed, and some just beginning.

By anyone’s standards, Joel is a young pastor with a big, big job.

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New York Times best-selling author Dr. John Townsend to launch the Townsend Institute at Concordia University Irvine

Partnership makes Concordia the only university in the nation to offer the Townsend Institute for Leadership & Counseling

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7 key questions when evaluating a church software solution

One of the challenges I have run into when selecting a software provider is the distraction of the new and shiny features, keeping me from selecting a solution that is the best fit for the organization. I have learned from my mistakes over the years, and I now have 7 questions I always ask when evaluating any software provider in order to select the best solution possible.

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How a non-traditional building approach can avoid traditional construction challenges

Most church leaders will tell you that making a decision to build a new facility — or to expand their current campus — is among the most difficult challenges they face. Concerns about managing the process, stewardship of funding, and keeping church members happy with the results all contribute to the worry.

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The stewardship of savings

For a faith-based organization, a procurement services company provides a system for buying products and services that will reduce costs. Through their association with large, multi-facility clients — as well as with hundreds of manufacturer and distribution partners — these companies can provide value to smaller clients by sharing the discounts brought by the volume.

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The spiritual benefits of capital planning

Each year, thousands of people come to Mater Dolorosa in search of spiritual enrichment. Mater Dolorosa — a Passionist retreat center in the San Gabriel foothills, in the city of Sierra Madre near Los Angeles — is a sacred place whose spiritual work depends on some decidedly material things. Mission-style buildings, a stunning outdoor Stations of the Cross, and many other physical improvements set the stage for lives to be changed in faith.

To help preserve the beauty and soul-changing power of the places in their care, Mater Dolorosa’s board and staff rely on a professionally prepared capital plan.

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Can your church REALLY afford a pastor? Maybe not in the traditional sense…

More and more churches are asking themselves if they can truly afford a pastor. As a result, discussions on clergy compensation, burdensome seminary debt, and alternative pastoral models are taking place in seminaries and denominational bodies across the country — and ultimately, this question (or a similar one) is at the core of those conversations.

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Behind the loan application: what is the bank or credit union really looking for?

Developing a strong and trusted relationship with your lender can provide your As your ministry looks to begin a relationship with a lender — or maybe improve an existing one — having insight into the mind of a lender will help you develop this vital partnership.

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