Home > Finance

Finance

5 Tips to Increase Giving This Summer
Practical ways to encourage donations during these typically slower months.
5 Tips to Increase Giving This Summer
Image: Kupono Kuwamura / Unsplash

Giving is often a difficult topic for pastors to discuss with their congregations. The common worry is that no one likes to be told how to use their money. But donations are vital to keep the local church running effectively.

The Barna Group shares that only 5 percent of the ...

Church Cell Tower Leases and Zoning Laws
How to navigate the process smoothly and with minimal problems.
Church Cell Tower Leases and Zoning Laws
Image:

Kevin Donohue spent decades building networks for wireless companies before switching sides to represent landowners through his work with Tower Genius—a consultant firm that helps churches, businesses, and private citizens with lease agreements. He spoke with ManagingYourChurch.com ...

The Tricky World of Copier Leases and Purchases
What a church must consider before buying or leasing.
The Tricky World of Copier Leases and Purchases
Image:

Vonna Laue is an expert on church finances. She served 20 years with a CPA firm focused on churches and ministries and is an editorial advisor for Church Finance Today. Here, she offers advice on navigating the complex world of copier leases and purchases.

What advice would you ...

Largest US Protestant Denomination Reports Rise in Pastor Salary, Decline in Benefits
What a study from the Southern Baptist Convention shows about changes in pastors' pay.
Largest US Protestant Denomination Reports Rise in Pastor Salary, Decline in Benefits
Image:

The Southern Baptist Convention’s (SBC) biannual “SBC Church Compensation Study” revealed that compensation for full-time senior pastors within their denomination increased by 3.4 percent over the past two years, placing it well above growth rate for the consumer ...

How You Can Help Church Staff Determine Fair Pay
Take this survey that will provide data for a new digital compensation-setting tool.
How You Can Help Church Staff Determine Fair Pay
Image:

Many pastors and church staff members don’t know whether their pay is fair—but you can change that. If you work for a church, you can help by taking the National Church Compensation Survey (and encouraging others to take the survey, as well!).

A digital compensation-setting ...

Five Free Tax Articles for Churches and Clergy
Available for a limited time.
Five Free Tax Articles for Churches and Clergy
Image:

"The preparation of ministers’ tax returns presents a number of challenging issues that often are not well understood," writes Richard Hammar in "Avoiding Costly Tax-filing Mistakes." "This can lead to innocent mistakes, which in turn can lead ...

Financial Fraud in Churches: A Major Risk
Why church leaders should assess the way they collect and record money.
Financial Fraud in Churches: A Major Risk
Image:

Editor’s Note: In a podcast on the 10 major trends for churches in 2017, Thom Rainer and Jonathan Howe of LifeWay talk about financial fraud in churches and offer valuable insights for church leaders on the subject. We've highlighted part of this podcast.

Jonathan: ...

For-Profit vs. Church Financial Management
The head of the Evangelical Council for Financial Accountability shares the differences to help people transition from the business world into a nonprofit ministry.
For-Profit vs. Church Financial Management
Image:

Dan Busby serves as president of the Evangelical Council for Financial Accountability. Busby recently spoke with Church Finance Today on best practices for financial professionals who transition from the for-profit business world into a church setting.

What unrealistic expectations ...

BREAKING—New Overtime Pay Rules Put on Hold
Injunction delays December 1 implementation of new salary threshold.
BREAKING—New Overtime Pay Rules Put on Hold
Image:

New overtime rules that were set to take effect on December 1 have been put on hold after a nationwide injunction was handed down late Tuesday, November 22, by a federal judge in Texas.

The changes would have significantly increased the salary threshold used under the Fair Labor ...

Planning for Facility Repairs and Ongoing Maintenance
Facilities expert says ignoring facility issues can be extremely costly in the long run.
Planning for Facility Repairs and Ongoing Maintenance
Image:

Kevin Folsom is director of campus operations at Trinity Christian Academy in Addison, Texas. He previously served in a similar role with Dallas Theological Seminary for 25 years and has been active 20 years with APPA, an association of higher education facility officers. Folsom ...

Senior Pastor's Role in Building a Culture of Generosity
Senior Pastor's Role in Building a Culture of Generosity
Image:

I talked with Ron Edmondson, senior pastor of Immanuel Baptist Church in Lexington, Kentucky, about some practical ways senior pastors can foster a culture of generosity in their churches.

Ron and Immanuel have a great story of seeing the heat turned up on the church’s ...

Matching Grants vs. Challenge Grants
Why one is better in church fundraising.
Matching Grants vs. Challenge Grants
Image:

Matching grants are a reasonably common tool used in churches, particularly for church planting, as well as ministries and nonprofit organizations. However, a small body of research strongly suggests that challenge grants work more effectively than matching grants in terms of ...

BREAKING—New Overtime Rule Challenged by Officials from 21 States
Two new federal lawsuits seek to block the Department of Labor’s overtime changes.
BREAKING—New Overtime Rule Challenged by Officials from 21 States
Image:

In order to block the new overtime rule of the US Department of Labor (DOL), the attorney general for Nevada, Adam Laxalt, filed a lawsuit in federal court on September 20, according to the Associated Press (AP). The new overtime rule is set to take effect on December 1. Attorney ...

The Secret Struggle of Pastors and Finances
For many pastors, finances are a huge problem—but one they won’t tell you about.
The Secret Struggle of Pastors and Finances
Image:

At some point in his or her career, your pastor has most likely struggled with finances—but chances are you (and most of your fellow congregants) wouldn’t know it.

In a recent article from SeminaryGradSchool.com titled “9 Secrets Pastors Keep,” Cincinnati ...

Interview: The Definition—and Danger—of 'Inurement'
Richard Hammar offers a definition for a common mistake that can have serious consequences.
Interview: The Definition—and Danger—of 'Inurement'
Image:

While you may have heard the word “inurement,” you may be unsure of its definition. In this interview, Richard Hammar provides a definition of inurement.

Could inurement have implications for a church’s tax-exempt status? Hammar addresses instances where ministries ...

Who Should Know What People Give?
A look at six perspectives.
Who Should Know What People Give?
Image:

The question "Who should be able to see individual church giving records?" is difficult to answer. Indeed, it is such a difficult question that I will not attempt to give a concrete answer. I will let you know what I’ve done in the past and six perspectives:

Accountability Systems
One basic principle and six simple steps help protect a church's finances.
Accountability Systems
Image:

I’m not naturally a systems guy. But I’ve learned that good systems aren’t about stifling creativity or spontaneity; they’re about increasing accountability and stewardship.

I spend several hours each week building and maintaining proper systems. I and ...

Renting Versus Buying Your Church’s Facility
What churches should consider before making a costly or permanent decision.
Renting Versus Buying Your Church’s Facility
Image:

God called you to plant a new church, and you’ve followed his calling. For the last year (or two years or five years), you’ve been renting adequate facilities to meet your congregation’s needs. You have space for Sunday services, children and youth ministries ...

Measuring Your Church's Cash Reserves
Adequate cash reserves are necessary for a church to meet its obligations on time in spite of fluctuations in monthly revenue.
Measuring Your Church's Cash Reserves
Image:

Cash reserves are often measured in terms of months of operating cash based on the month-end when cash is generally at its lowest point for the year. One mistake churches make is measuring the months of cash they have based on their year-end cash balance. If their year-end is ...

How an Email Scam Targets the NBA—and Your Church
The email scam that exposed sensitive information from an NBA team affects churches, too.
How an Email Scam Targets the NBA—and Your Church
Image:

A successful email scam is one that fools even the most well-known of organizations, and one scammer—using a specific email strategy—recently made headlines for conning an especially famous group: the Milwaukee Bucks professional basketball team.

For this particular ...

ChurchSalary

ChurchSalary

Experience a whole new way to set compensation. Eliminate the guesswork – get access to detailed compensation reports in just minutes.

Church Property & Administration: Volume 2 of Pastor, Church & Law

Church Property & Administration: Volume 2 of Pastor, Church & Law Subscriber access only

Topics: inspection of records, federal reporting requirements, incorporation, zoning laws, and more.
Pastor, Church & Law, Fifth Edition

Pastor, Church & Law, Fifth Edition Subscriber access only

Learn which local, state, and federal laws apply to religious organizations.