Browsing articles in "Church Finance"
Jan
27
2012

Finance Fridays: Vision and Finances in Decisions

money decisions

One of the challenges of serving in ministry is knowing when and how to pursue new opportunities.  This is especially tricky in an uncertain financial environment.  With this in mind, what questions should a savvy church be asking itself in anticipation of any opportunities that may present themselves? Does your vision dictate your finances, or do your finances dictate your vision? Is your vision compelling enough for your people to support it financially… to give sacrificially […]

Jan
20
2012

Finance Fridays: Cash Flow in the New Year

budget

It’s late January, and if you’re like me, a few of your New Year’s resolutions are off to a great start while others have already fallen by the wayside.  Over the last few months, it would seem that the most common New Year’s resolution from the churches that I been working with has been to improve cash flow. At first glance this might seem like a selfish goal, but you are not improving your cash […]

Jan
13
2012

Finance Fridays: Audit Alternatives

audit

Every year around this time I tend to get inundated with friends in church leadership asking about how to go about having their financials audited.  I’ve asked Bill O’Connell from Wisdom Over Wealth to share a little bit about how churches can best handle the audit process.  Bill has over thirty years experience as a CPA, and has spent many of them helping churches wrestle through how to handle their finances.  Here is what Bill has to say about […]

Jan
6
2012

Finance Fridays: Freakonomics On Donor Motivation

giving to charity

Several weeks ago Freakonomics did a story for Marketplace about the motivations of donors.  Marketplace’s interest in the story is understandable, seeing as how it is a publicly supported program produced by American Public Media.  I found the story fascinating, as I think you will as well, but I was having a struggle seeing if there was a way to apply some of what I heard to the church.  I asked Marc Pitman (who turns 40 today), […]

Dec
30
2011

Re-Run Week: Social Security and Pastors

Social Security

Pastors and Social Security seem to be a popular topic, as it is one of the biggest hits I get from Google.  This post is originally from March 2011.   The Dime Blog has had some great information on it lately.  Today’s post is on the social security exemption for pastors and the particulars behind it: Commissioned employees (pastors) of the church fall into two categories: Those who have chosen to exempt themselves from the Social Security […]

Dec
23
2011

Finance Fridays: End of the Year Generosity

new year

On Sunday all of Christendom comes together to celebrate the birth of our Savior.  Sunday also marks the last Sunday of 2011.  As we head into the last few days of the year, it is a good time to refresh our memories on the rules for year end gifts.  Tithes and offerings may be counted towards 2011 if they meet the following guidelines: Hand delivered gifts must be delivered on or before December 31, 2011. […]

Dec
16
2011

Finance Fridays: Church Budget Nuts & Bolts

BUdgets

Church budgets are on my mind at the moment. Since budgets are something I deal with almost daily, and December marks the end of the fiscal year for many churches, I thought it was time to share a little bit on budgets.  While there are MANY philosophies on how to create a budget, most churches break down into one of two catagories: Those who budget with the expectation that growth will happen and help them […]

Dec
2
2011

Finance Fridays: Churches and Healthcare Refunds

Refund Check

Bill O’Connell is the founder of Wisdom Over Wealth, an organization that serves churches and pastors through helping them get a better handle on their financial situation.  Whether it is helping a church planter understand how to keep their own financials, or helping a pastor understand just how the housing allowance affects his tax returns, Bill loves using his knowledge of the finance world to expand God’s Kingdom.  I am excited to have him share […]

Nov
18
2011

Finance Fridays: Maintain Your Focus

Focus

Jason McNeal had a post earlier this week that I believe is a great reminder for churches and non-profits during the year end giving season.  In this season it is easy to become so focused on properly making asks and delivering messages using language that our congregations (or donors for the non-profit community) will resonate with, that we lose sight of what it is that we are really called to be doing: make disciples. As […]

Nov
11
2011

Finance Fridays: Year End Already?

end of 2011

Many non-profit organizations started planning their year-end giving campaigns in June. These provide intense competition for dollars during the blur of time between Thanksgiving and New Year’s. It’s time to catch up! Here are a few simple ways to help you think through year end giving at your church. Inform. Let people know where the church stands financially and where their gifts go. Knowing how their gifts are being used and that they are directly impacting your […]

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