FINANCE Archives - Page 33 of 55 - Church Executive
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.
Read More >Never ask again: 3 tech-driven strategies to increase giving
You didn’t get into ministry because you enjoy asking people for money from the platform. And yet, sometimes that seems like the only option in order to fully fund the work your church is doing.
Read More >Catapulting past critical mass at Resurrection (Leawood, KS)
Clifton Guy, Director of Information Technology at The United Methodist Church of the Resurrection in Leawood, KS — the largest UMC in the nation — is a preacher’s kid. Two of his siblings are also pastors, as is his wife. “So, it’s kind of the ‘family business,’” he says. But, Clifton himself is a self-professed […]
Read More >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.
Read More >Proactive & penny wise
We counsel our house-of-worship clients to be proactive by preparing for the repair and replacement expenses that are both inevitable and predictable. But, we also counsel them to be wise.
Read More >How the hourly wage rules will affect churches
All employers — even churches — must be aware that the Department of Labor (DOL) takes the default position that all employees are nonexempt. This means they are eligible for minimum wage and overtime pay unless the employer can demonstrate that an exemption outlined by the DOL and the Act applies.
Read More >12 diseases of a church facility
By Tim Cool A while back, Gary Nicholson, a church architect formerly with LifeWay in Nashville, wrote a blog about 9 diseases of church facilities. Since that post, our researchers have determined that there are additional diseases that many church facilities — and those involved in church facility care and development — may suffer from. […]
Read More >The state of religious lending
By Dan Mikes Religious institution expansion appears to be on the rebound, and the willingness of financial institutions to support this growth remains strong. At the same time, the religious institution segment as a whole seems to have learned from some of the challenges it faced through the downturn. In this post-meltdown era, physical expansion plans […]
Read More >Buying through a procurement services company: your ministry and monetary benefits, explained
With a sufficient base of customers, procurement services companies are able to leverage this collective volume and offer discounts and value to a variety of smaller clients — including, for example, church ministries, which might not buy quite as much on their own.
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