For 80 years, Social Security has been a key part of how Americans ensure their financial security after they retire. As dependable as it has been, Social Security has gone through major changes over the years — and 2016 will be no exception.
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Ask most people, and they’ll say the appeal of MOSAIC — a world-regarded Millennial-revered church in the heart of Hollywood — is, in some ways, intangible. Executive Pastor Lawrence Fudge would agree … to a point.
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The landscape for churches and ministries is filled with pitfalls.
Over the last 20 years, Congress and the IRS have become very interested in the activities of churches, ministries and nonprofits, which has led to the enactment of section 4958 and the creation of the Exempt Organizations Executive Compensation Compliance Project, resulting in increased enforcement presence and millions of dollars in fines.
Read More >One definition of “dread” is managing payroll without qualified staff. For those churches with limited resources, ministerial staffing positions must be filled first. A common sentiment among pastoral leadership regarding payroll is, How hard can it be?
Well, it is hard. And, some mistakes could lead to serious consequences.
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Multi-site churches face unique challenges — and require unique giving solutions. Case in point: Momentum Christian Church, a nine-year-old church plant with locations in McDonough and Stockridge, GA. “Our two campuses are about 10 miles apart, but in some ways they’re worlds apart,” says Executive Pastor David Powers.
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A new employee has fulfilled their probationary period and is now eligible to receive the full benefits offered by your organization. Yet, many eligible employees choose not to contribute to their retirement — even if it means leaving matching employer contributions on the table.
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Signing on with a procurement services company is an act of stewardship which can save your ministry money on the high-quality products you need.
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As your church settles down from Christmas celebrations, things are no doubt getting into full swing for the person managing all your church’s accounting. If that person is you, you likely still have several time-sensitive tasks on your horizon that need to get finished by January 31. Putting a good system in place can help keep you on track — and that’s what we’ve outlined for you below.
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At Long Hollow Baptist Church in Hendersonville, TN, hope is not a strategy. Rather, when disaster strikes — as it has, twice — the church has been able to sustain its rapid growth and expansion with preparation and perseverance.
Read More >A true ministry banker understands that business administrators at religious institutions might only undertake a major commercial construction project once or twice in their careers.
A lender with specialized expertise in financing religious institutions will not expect you to intimately understand or fully anticipate the commercial construction and related borrowing processes. Rather, a lender with a depth of experience banking this segment can provide consultation and guide you through the process.
Nevertheless, the ministry will be best served when adequately prepared about what to expect.
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