Contractual risk transfer is a very important tool in any church executive’s risk management toolbox. However, because of its complexity, it can open the church to more risk if not used properly. Religious organizations routinely use third parties when the risk of an operation might be beyond their willingness to take on — for […]
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Navigating the newest challenges By Gregory Love & Kimberlee Norris On July 1, 2021, virtually every news outlet ran the story: Boy Scouts Offer to Compensate Sexual Abuse Victims in Historic $850 Million Bankruptcy Settlement (USA Today) Yet another reminder that sexual abuse risk demands our attention to implement effective prevention measures AND develop an […]
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By Kirk Evans The world isn’t as innocent as it once was, and you can no longer assume you are safe from harm simply because you’re in a church sanctuary. There have been numerous reported cases of armed attackers targeting churches in the past decade. Such attacks have occurred on Sunday morning, as well as […]
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A commitment to consistent financial stewardship — and the guidance of a like-hearted lending partner — enabled Blackhawk Church to set a course for debt elimination. By RaeAnn Slaybaugh For the finance team at Blackhawk Church in Madison, Wisc., solid financial stewardship is a priority. Led by Director of Accounting & Administration Jon Mueller and […]
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By Anonymous “When I called the next day to check in, my father said that the retailer was running into issues refunding the money for the unauthorized purchase on his account. The fraud department wanted him to purchase a VISA gift card that they could load the money on to send him his refund faster. […]
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Backed by a team with financial finesse — plus, a church-centric banking partner — Odell Dickerson, Jr., and New Psalmist are enjoying streamlined processes, savings By RaeAnn Slaybaugh Maybe you were familiar with Odell Dickerson Jr., before you saw him on our cover. As one of the country’s most sought-after consultants and keynote speakers […]
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After struggling with the emotional and financial impacts of an international pandemic for over a year, churches and nonprofits are turning their attention to the Employee Retention Credit (ERC) for additional help and support. The Employee Retention Credit, under the CARES Act, encourages businesses to keep employees on their payroll by providing a tax credit […]
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A long-time church lending expert talks about how churches navigated COVID-era financing challenges — and the lessons they’ll carry forward. Tell me about WatersEdge and your history with the company. Jerry Vaughan: WatersEdge Ministry Services (formerly The Baptist Foundation of Oklahoma) has been making loans to churches since 1953. Personally, I’ve been here almost 21 […]
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With an open mind and a big vision as its foundation, Winners Chapel International Maryland is a totally reimagined space that ticks all the boxes — and comes in under budget. By RaeAnn Slaybaugh With locations all over the world, including Europe and Africa — notably including Canaanland in Ota, Ogun State, Nigeria, which […]
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By Alex Kim, CFP®, MBA, CPA Accidents happen. We’ve all heard it. We all know it. Yet, when it comes to accidents, injuries, or illnesses that sideline someone from work, many people think they only happen to someone else. Disability insurance replaces part of your salary if a disability temporarily keeps you from performing your […]
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