By David Thoroughman One of the challenges churches face is how to accelerate their vision through project-based funding initiatives. It requires a church to craft a clear vision and purpose and articulate it through a case for support. Additionally, a church will need to outline how the goal can be achieved and invite its people […]
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Here’s how to avoid some common payroll mistakes Church Executive: Why is it important for a church to understand the differences between an employee and a contractor — and what are those differences? Sarah Barham: It’s important to understand the differences because of the employer’s tax responsibility and reporting requirements. The church will […]
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The term “smart investing” can strike fear in the hearts of clergy — but if this rings true for you, you’re in good company. Many professionals grapple with how to invest intelligently, so the results can fall short of what’s possible. In this Remote Roundtable Discussion, church executives discuss smart investing strategies with the pros, […]
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By Sarah Barham Managing church finances can be a daunting task even under the most favorable circumstances. Factor in complex tax reports, bank reconciliations, and ever-changing IRS and state guidelines, and you can guarantee church staff is overspending valuable time on workarounds for processes that could be intuitively streamlined. With outsourced ministry accounting services, […]
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By Jerry Vaughan “Debt” isn’t a popular word in churches. As church lenders and people of faith ourselves, we understand: it’s difficult to preach about being debt-free and then turn around and borrow money for a building project. So when cautioned against committing too heavily to raising funds ahead of construction — compared to financing […]
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Every day, I talk to church leaders who are looking for additional financial support. They’ve grown frustrated with their current loan (or lack thereof). All too often, the conversation becomes an explanation of why a bank isn’t likely to be interested in a project or loan and then a few basic changes to consider for […]
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Supply chain issues. Rising interest rates. A reimagined worship environment. All these factors — and more — are likely to impact church financing now and in years to come. Church Executive: Tell me about your organization and its history working with churches. David Lee: Thrivent has been serving the financing needs of churches for more […]
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By Keith R. Davenport, CFP® With the growing popularity of HGTV and other networks, homeowners are presented with glamorous home makeovers and improvement projects. It all looks beautiful on the screen, but how much will that project cost? And will it increase your home’s value? Let’s look at the realities. At some point, most homeowners […]
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With stained-glass windows and ornate pillars juxtaposing stained concrete and steel, Frontline Church’s downtown Oklahoma City location merges historical beauty with a modern renovated space for the community. By Carla Hinton • Photos by Marcus Wehmuller • Additional reporting by RaeAnn Slaybaugh The transition from house church living room to one of the most […]
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By Colin Nass, CFP®, AEP®, RICP® Your credit score is one of your most important assets. It should be treated with care because it impacts your overall financial health. Your credit score influences how much money you’ll spend on interest and fees. A very good credit score will likely get you the best rates and […]
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