budgeting Archives - Page 5 of 22 - Church Executive


Employee Retention Credits (ERC) & COVID stimulus for churches

After struggling with the emotional and financial impacts of an international pandemic for over a year, churches and nonprofits are turning their attention to the Employee Retention Credit (ERC) for additional help and support. The Employee Retention Credit, under the CARES Act, encourages businesses to keep employees on their payroll by providing a tax credit […]

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Translating the vision into reality

Architects and a pastor discuss the nuances of making an intangible dream come true when it comes to church facilities Church leaders typically refer to their building projects in terms of “vision.” Why is it so important for an architect to understand this language?   Bruce Woody: It’s important that the architect understand the vision […]

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Lending, interrupted(?)

A long-time church lending expert talks about how churches navigated COVID-era financing challenges — and the lessons they’ll carry forward. Tell me about WatersEdge and your history with the company.  Jerry Vaughan: WatersEdge Ministry Services (formerly The Baptist Foundation of Oklahoma) has been making loans to churches since 1953. Personally, I’ve been here almost 21 […]

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Collaboration is key

One of the most challenging aspects of growth in a church can be the preparation and coordination of balancing space needs with financial means. After all, the physical building can mean so much to your church family. You want to have a certain feeling when you walk in the building. You want the building to […]

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The lending landscape in 2021

Though I’ve been blessed to work with churches for more than two decades, I learned a long time ago: never say “I’ve seen it all.”  The past year is the perfect example of why. Without a doubt, 2021 provided us with new and unique challenges — but it also confirmed some emerging trends and some […]

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Taking stock of your life insurance

By Alina Parizianu, CFP®, MBA, RICP® Most people don’t like to think about life insurance coverage.  However, in the event of your death, having it can mean your family will be taken care of financially. Proper life insurance coverage can eliminate concerns about money and finances as loved ones grieve your death. Even modest funerals […]

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Thinking outside the “big box”

  With an open mind and a big vision as its foundation, Winners Chapel International Maryland is a totally reimagined space that ticks all the boxes — and comes in under budget. By RaeAnn Slaybaugh With locations all over the world, including Europe and Africa — notably including Canaanland in Ota, Ogun State, Nigeria, which […]

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Ready for retirement?

Too often, investing for retirement is the “elephant in the room.” Many professionals — particularly clergypersons — aren’t adequately prepared. Here, a panel of CFP® professionals from MMBB Financial Services (mmbb.org) and ministry leaders bring the topics down to earth.  Their goal: make retirement investing more manageable, even (and maybe especially) if you’re advanced in […]

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Rise like a phoenix

[left to right] Churches by Daniels Founder & CEO Charlie Daniels and wife, Sally, with Cassie and Justin Driver After a devastating fire, a brand-new pastor embarks on a challenging rebuild project — and gets much more than he hoped for By RaeAnn Slaybaugh Growing up in a pastor’s home with sound biblical teaching, Justin […]

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Stewardship of space: planning for longevity

By Katie Albrecht Rather than constructing a brand-new facility, adapting your current space might be the better fit for your church’s needs. Now, to help your church thrive, you need the appropriate tools for adjusting your existing building. In the name of good stewardship, consider not only the immediate future of your facility but also […]

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