Browsing articles in "Church Finance"
Mar
14
2014

Finance Fridays: 5 Online Giving Stats for Churches

online giving

One of the things that I get to do professionally is help churches get started with online giving through eGive. We are getting ready to release a report on online giving, and why it works for churches. I am pretty excited about this, but I was pretty shocked by some of the statistics that we came across in the process of putting the report together: According to the 2013 State of the Plate survey, 36% […]

Mar
7
2014

Finance Fridays: Three Stories from XP Briefing

xp250x250

Earlier this week my friend Todd Rhoades and I launched a new publication: XP Briefing. Each month XP Briefing will share 40-50 stories of interest to executive pastors, church administrators, and anyone else who is interested in the operational side of church. This morning, I figured I would share three stories from this month’s edition: Understanding Donor-Advised Funds: Donor-advised funds have become a popular tool for donors to make charitable contributions to organizations that they wish […]

Jan
31
2014

Finance Fridays: Storytelling & Annual Reports

charts and graphs

Over the last few weeks, churches across the country have been putting the finishing touches on their annual reports and presenting them to their congregations. These reports, and the meetings that go with them, always intrigue me as they present an opportunity for churches to share the story of the church, how the church is making a difference for the Kingdom, and what is coming next. While many churches do a great job of this, […]

Nov
26
2013

Is The Housing Allowance Going Away?

gavel

Last week a Wisconsin Federal District Court judge ruled that the pastoral housing allowance violates the establishment clause of the first amendment. This news can be quite upsetting for church leaders across the country as they try to figure out how to fairly compensate their pastors, and for pastors who need to rethink their monthly budgets now that a major tax benefit has been ruled unconstitutional. Yesterday morning, Todd and I had a conversation with […]

Nov
15
2013

Finance Fridays: Preparing for Year End (part 3)

last day of the month

Over the last three Fridays we have been discussing year end, and how churches need to be preparing for December 31 (six weeks!). Two weeks ago, we heard from Brad Leeper on year end giving, last week we spoke with Bill O’Connell about year end reporting and accountability, and today I am speaking with Jeremy Moore about budgeting for 2014. Jeremy Moore serves churches as Regional Director of the Evangelical Christian Credit Union. Over the […]

Nov
8
2013

Finance Fridays: Preparing for Year End (part two)

last day of the month

Today we continue a three part series on preparing for year end in the local church. Last week, we heard from Brad Leeper as he shared insight on year end giving (find part three here), today’s conversation is will Bill O’Connell, founder of Wisdom Over Wealth, a CPA ministry that helps churches handle their accounting responsibilities. During our conversation Bill shares three things that our churches need to be thinking about when it comes to reporting: […]

Nov
1
2013

Finance Fridays: Preparing for Year End (part one)

last day of the month

Today is November first, we currently have sixty days before the end of the year. With this in mind, I want to take the next three Fridays to discuss what churches need to focus on as year end approaches. To do this, I have asked several of my friends to help share their wisdom with the Church Thought community(click here for part two, part three). Today, I have asked my friend Brad Leeper to spend […]

Sep
20
2013

Finance Friday: Is Your Non-Profit Status at Risk?

IRS Tax Auditor

This week’s Ministry Briefing highlights a story that Nonprofit Quarterly had about the revocation of 501(c)3 status that many organizations are facing. The most troubling part of the story is that many of the organizations that are at risk don’t even realize they are about to lose their status. The revocations mostly result from a failure to fulfill all filing requirements that the IRS demands from a non-profit, and to say that the IRS is taking […]

Sep
13
2013

Finance Friday: Clergy Tax Increases

taxes

My friend Bill O’Connell from Wisdom Over Wealth passed this along to me the other day, and I think it is something that pastors need to take notice of: Clergy have a 2% tax increase in 2013 Ministers are reminded that Congress gave them a 2% tax increase for 2013, when they let the 2010 “payroll tax holiday” expire on December 31, 2012.  For most clergy who pay Self-Employment tax on Salary and Housing/Parsonage Allowance […]

Sep
6
2013

Finance Fridays: Year End Giving in September?

giving to charity

The September edition of Ministry Briefing has a story that caught my eye related to how people approach year end giving: A recent Google study suggests that waiting until Thanksgiving to begin year-end giving appeals limits the effectiveness of your appeals. The study suggests that of those who are looking to make year end gifts, three quarters began their research and decision making process in September. The story originally ran in The Chronicle of Philanthropy, […]

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