Browsing articles in "Church Finance"
Jul
12
2013

Finance Fridays: Big Brothers Learns the Hard Way

budget

When we began church planting in Baltimore, we knew that we were going to be stretched in many different ways… but I found myself suddenly stretched in ways that I never expected. Along with my other responsibilities, I became responsible for thousands of dollars contributed by individual donors, supporting churches, and our sending organization. Suddenly I began wearing the CFO hat, along with the pastor hat, evangelist hat, team builder hat, husband hat, and about […]

Jun
21
2013

Finance Fridays: Protecting the Church from Fraud

Made of Money

Barry Bowen recently posted a story on his Christian Post blog called How to Spot a Pastor or Priest Stealing Church Funds. In the post, he lists four potential indicators of financial impropriety within a church’s leadership: The pastor or priest lives an extravagant lifestyle. The church leader regularly fails to turn in receipts when using the church or ministry credit card. The church sends you a receipt for donations and the amount listed doesn’t match […]

Jun
6
2013

Finance Fridays: Revisiting Online Giving

online giving

In the last edition of Ministry Briefing, we highlighted the results of a study that suggests that online giving is gaining more and more traction within the nonprofit world. According to M+R Strategic Services and the Nonprofit Technology Network, online gifts have increased by 20%, resulting in a revenue increase of 21%. While the research focused primarily on nonprofits, and not churches, the rise of alternative giving methods in the church has been documented for […]

Apr
19
2013

The Decline of Checks and Your Church

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Do you use checks? Do you even know where your checkbook is? (I don’t) Studies suggest that check writing is in rapid decline as people have begun to use them only for large purchases. Mark Brooks shares these stats: Paper check usage declined from 61% of all payments in 2000 to just 26% by 2010. In 2011, the number of checks processed by the Federal Reserve fell at its steepest rate yet, down 17, a […]

Mar
8
2013

Finance Fridays: Tax Tips for Pastors

taxes

With April 15th just a few weeks away, I asked Bill O’Connell from Wisdom Over Wealth to share some thoughts with us about the tax season, and how we should be preparing. It is tax season again.  The season we love to hate. But I want to offer a reminder of a couple of things that will make tax season a little brighter for you and your church. Personal Tax Returns Some denominations require that […]

Feb
22
2013

Finance Fridays: A Crazy Idea for Easter

offering plate

My friend Alan Wildes has been sharing some thoughts lately that have people thinking that he bumped his head. Alan is a Generosity Strategist at Generis, and has spent the last twelve years helping churches think through how they do Generosity. Alan recently started to take a look at how churches operate on Easter Sunday, and how many times the attendance on Easter Sunday is higher than any other week of the year… the offering […]

Feb
11
2013

Atlas of Giving Predicts Gloomy Year for Churches

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Atlas of Giving, a Texas based firm that specializes in forecasting financial trends for non-profit organizations, is predicting that 2013 will be a “gloomy” year for the religious community. This morning, Todd and I discuss the Atlas of Giving report, and how to handle church financial decisions for the coming year. Check out the video, and let us know how YOUR church is making financial decisions this year:

Jan
24
2013

Guarding Your Leadership Gate

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John Maxwell is known for saying everything rises and falls on leadership. If this is true, how should we be screening potential leaders in our churches? This morning, Todd and I discuss a recent post from T.J. Addington on how to guard your church’s leadership gate. What do YOU look for when seeking out leaders? Click the link, hear our thoughts, and share the lessons you’ve learned:

Aug
24
2012

Finance Fridays: Stereotypes of the Church & Money

give me money

Several years ago I was visiting the fish market where I once worked and bumped into Tony, an old acquaintance who sells fish and seafood to restaurants throughout Maryland. I used to enjoy my conversations with Tony, he had a humorous way about him and was very clear about how he felt on things. On this day he was picking through bags of top neck clams, trying to find the best ones for his customers, and he […]

Aug
17
2012

Finance Fridays: Church Plant Outsourcing

paper work

When it comes to marriage, I am a fortunate man. Seriously, anyone who has met Theresa knows that I outdid myself when I married her. Besides the depth of her faith, her intelligence, and her beauty, she is also a CPA… anyone who knows me, knows that this is a good thing for me. When we began planting the church in Baltimore, there was a natural assumption that Theresa, the CPA, would be handling the […]

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