FINANCE Archives - Page 36 of 55 - Church Executive


How two churches use data & technology to reach more — & raise more

Funding ministry is likely the most complex part of your role as a church leader. Changing attitudes around giving and involvement don’t help; tithing and weekly attendance is no longer considered normal. These shifts are making it harder and harder for you to fully fund your vision.

It can seem impossible.

Yet, many church leaders are beginning to learn that working smarter, not harder, is the way to discover your path to developing a culture of stewardship in your church.

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7 best practices for reaching your church’s budget goals

church giving generosity

As I read the Puget Sound Business Journal a few months ago — in print, I might add — I stumbled across an article titled, “7 ways to make a real connection and realize a real return on that sponsorship.” The author, Adam Worchester, made seven points about how corporate non-profit sponsors can motivate their employees to form a deeper bond with the cause they’re supporting.

I found the advice to be spot-on, so I decided to “steal” Worchester’s seven points and rewrite them specifically for churches. What follows are the seven best practices for reaching your church’s budget goals.

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Church accounting basics: transparency & accountability

How to lay the foundation for true church CHURCH ACCTNGaccounting stewardship

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Year-end tax & portfolio planning for pastors

November and December are a busy time of year for most pastors. Following the Thanksgiving holiday, the liturgical calendar begins anew with the season of Advent. As preparations are made to celebrate the coming of the Christ child, extra services need to be planned, multiple sermons need to be written, rehearsals are in full swing for the Christmas pageant, and pastors are also ministering to those for whom the holidays are not such a joyous time.

Amidst all these preparations, pastors need to set aside some time to focus on year-end financial details that have tax implications for 2015 and 2016. Don’t let the following items slip past you.

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The CE Interview: Chris Hodges

In February 2001, Chris Hodges founded Church of the Highlands with a launch team of 34 people. Today, nearly 15 years later, around 30,000 attendees gather to worship each weekend in its multiple locations throughout Central Alabama.

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How messaging tech can drive fundraising efforts

Did you know that everyone with a mobile phone — even if it’s not a smart phone — has access to SMS (text) messaging? And, virtually everyone knows how to use it.

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CAPITAL PLANS 101: What they are. Why you need one.

“We’re an old church; we just replace things when they break.”

This is the common response when I ask church leaders throughout the nation about their long-term capital planning strategy. While this statement might be true for many worship facilities, for many years, that doesn’t mean it’s the wisest form of stewardship for a church’s physical assets.

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Investing with purpose: the rise of responsible investing

More than ever before, individuals are aligning their finances with their personal beliefs. The noted increase in charitable giving in the United States, as shown in recent findings from the National Center for Charitable Statistics, is a great example of this positive shift. But, individuals are not only trying to use their finances for good by helping others; they are investing in companies that align with their values, too. For example, last year, one out of every six dollars invested under professional management — $6.57 trillion or more — was invested in a socially conscious investment strategy, as reported in the 2014 Report on Sustainable, Responsible and Impact Investing Trends in the United States by US SIF: The Forum for Sustainable and Responsible Investment.

While the strategies go by various names — environmental, social and governance investing (ESG), socially responsible investing (SRI), biblically responsible investing (BRI), ethical investing, impact investing and many more — the goal of these fund managers is to reflect the beliefs of the investors they serve.

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Church accounting basics: EMPLOYEE — to be or not to be

If your church is anything like mine, you are constantly trying to navigate the requirements of our nation’s employment laws. When researching the topic of “employee versus independent contractor,” what I find is consistently inconsistent. It’s easy to get lost in the lack of interpretation.

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It’s time to work smarter, not harder

Simple church can feel incredibly complex at times. There are always more people to reach. There is always more ministry that can be done.

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