Church Executive: Are churches typically easy targets for fraud? Sarah Barham: Yes, because typically one person is responsible for completing all financial responsibilities from beginning to end. This means one person opens the mail to review invoices, sets up vendors in the accounting software, writes the checks, reconciles the bank accounts, and produces financial reports. […]
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Infinite growth, invariable expansion At the nation’s premier multisite church, two financing needs take precedence above all: flexibility and simplicity By RaeAnn Slaybaugh North Coast Church in Vista, Calif., is one of the 20 largest churches in the United States. It also consistently ranks among the country’s fastest-growing, most influential churches. But it all started […]
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By RaeAnn Slaybaugh Back in 2017, Pilgrim Rest Baptist Church in Phoenix had already contemplated adding covered parking, in the form of solar structures, to its campus for some time. It was (and still is) a forward-thinking move not only for a house of worship, but for the area-at-large: when finished, it would be […]
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For the past 14 years, we’ve been experiencing near-historic low rates, and it appears those days might soon be gone as rates have risen over the past several months. The wonderful news? Many churches were able to take advantage of the low rates either by refinancing, purchasing a new property, or renovating or building a […]
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Before you talk with any lending group, your church will need to fully understand the ups and downs of its last three years of financial statements. Church lenders will always focus on undesignated income, cash flow, debt and equity trends. The first thing churches really want to know, however, is their borrowing capacity. Determining this […]
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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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By RaeAnn Slaybaugh Perhaps better than anyone else in the United States, Arizonans know the value of being able to park in the shade. It’s a major perk. And now, Scottsdale Bible Church — which has appeared on lists of the largest churches in America (and is certainly one of the biggest churches in the […]
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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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By RaeAnn Slaybaugh BRIAN BALES / LEAD PASTOR / CHRISTIAN FELLOWSHIP CHURCH / ASHBURN, VA The new Christian Fellowship Church (Building) in Ashburn, Va., took many of its unique, contemporary style cues from the surrounding community Over 30+ years, leaders at Christian Fellowship Church grew adept at making ministry work in a former manufacturing […]
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INDIANAPOLIS–(BUSINESS WIRE)–Givelify, an award-winning online and mobile giving app platform, announced the release of its 2022 Giving in Faith report, which explores trends in the faith-based community. This year’s groundbreaking report delivers direct insight into the impact the continuing COVID-19 pandemic had on church attendance, digital adoption, community outreach and giving. Givelify partnered with the Lake Institute on […]
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