Purchasing solutions for faith-based organizations: 101
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.
Read More >FINANCE Archives - Page 42 of 61 - Church Executive
3 key essentials to better stewardship
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.
Read More >Mission Accomplished: Lance Taylor — grace under pressure
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 >Construction financing, revisited
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.
Read More >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.
Read More >7 best practices for reaching your church’s budget goals
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.
Read More >
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.
Read More >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.
Read More >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.
Read More >