financial Archives - Church Executive

As the economy has gradually improved over the past few years, we have seen improvement in the financial health of religious institutions in terms of contributions, net cash flow and cash reserves.

Cash flow concerns?

Posted by admin

Bank of the West, church refinance, Electronic donations, financial, financial services

July 1, 2013 at 9:00 am.

A few years ago, I encountered an all-too-familiar problem with a church client:

Preparing to borrow

Posted by admin

borrowing, church, FINANCE, financial

January 2, 2013 at 3:47 pm.

Whether it’s a first-time build or new phase of expansion

Why churches need financial controls

Posted by admin

FINANCE, financial, Financial Solutions

November 1, 2012 at 9:00 am.

Trust, but verify when staff and volunteers handle funds.

Take advantage of low rates

Posted by admin

church banking, FINANCE, financial, Refinancing, RISK MANAGEMENT

April 2, 2012 at 9:00 am.

In recent months the Federal Reserve has been uncommonly explicit regarding their intentions

When to change your auditor

Posted by admin

adminstrator, audit, budget, FINANCE, financial

January 2, 2012 at 9:00 am.

Should you change audit firms? If so, when? Neither not-for-profit nor public companies are required to change firms at set intervals.

How one church recovered from the brink of financial disaster

Posted by Contributor

adminstrator, budget, church, debt, economy, FACILITIES, FINANCE, financial, management, money, savings

January 1, 2010 at 10:55 am.

When Crossroads Christian Church in Corona, CA, accumulated $500,000 in debt — in addition to falling behind on their mortgage payments — financial ruin and foreclosure seemed imminent.

Does the church bake sale threaten your tax-exempt status?

Posted by admin

adminstrator, business, church, FACILITIES, FINANCE, financial, IRS, law, LEADERSHIP, money, pastor, revenue, tax, tax-exempt

January 1, 2010 at 10:44 am.

In this modern era, many churches are offering more and more services to its congregants to attract new members, retain established members and create revenue to operate the church or fund its programs. Common examples may include a bookstore or coffee bar. As a general rule, a church is not taxed on its income or revenues from an activity that is substantially related to the religious or charitable purposes of the organization.

The altered landscape of giving has both good and bad news

Posted by Contributor

business, charitable, church, congregation, demographics, economy, FINANCE, financial, generosity, Giving, LEADERSHIP, manage

January 1, 2010 at 8:22 am.

People of faith are renowned for their charitable generosity. Amidst what economists are calling the “Great Recession,” giving to religion is the one subsector of charitable giving that grew in 2008. While charitable giving as a whole decreased from 2007 to 2008 by 2 percent (-5.7 percent when adjusted for inflation) and individual giving dropped 2.7 percent (-6.3 percent when adjusted for inflation) contributions to religion increased by 5.5 percent (+1.5 percent when adjusted for inflation).