Assembling the Financial Team
In light of new economic realities, securing a ministry mortgage or refinancing an existing one can be daunting. It takes a team to navigate the process. The following is a white paper by David R. Fletcher that examines how to evaluate the expertise of prospective people for your team and how to identify outside... [read more]
Is Your Church Making Any of These Top 10 Financial Mistakes?
“Over the past several years, many churches made the mistake of borrowing everything a bank was willing to lend them. As a result, many ministries are facing the strangling hold of lenders and interest payments. Seek to restructure the debt…and resolve... [read more]
The Bible as an Investment Guide?
Is it possible that a book which is thousands of years old has insights that can guide investment decisions today? Respected financial advisor Ron Blue says yes. In a post titled What the Bible Can... [read more]
Cash Reserves: Why you need them. How to build them.
In recent years ministries have learned the importance of cash reserves—having funds available when you need them. Without adequate reserves, the pursuit of your ministry’s mission may be in jeopardy. This webinar recording can help by... [read more]
Do You Qualify as a Minister for Tax Purposes?
While we are all called to ministry in our local church, there are specific requirements for determining whether you are a “minister” in the eyes of the IRS. This matters, of course, because it affects... [read more]
Are Church Musicians Employees or Independent Contractors?
I was recently reminded about this important topic during a session with Frank Sommerville, a leading nonprofit attorney. Are musicians, even if they are only used for special events, independent... [read more]