Practical information for church leaders on financial matters and other stuff
Every year each insurance organization receives an annual report from National Council on Compensation Insurance (NCCI). The report is usually a letter with a link to a website to get the actual report. Every WC policy is evaluated every year to … [Continue reading]
Most churches have two different types of employee classifications for WC purposes: Professional staff (aka, clergy and office workers); their WC code number is 8868 Other staff (janitors, food service, and maintenance); their WC code is … [Continue reading]
Workers’ Compensation Insurance is legally mandated for employers. In Virginia (and probably in most US states) it is required for all employers with more than two employees. That means that ultra-small employers (like mom & pop companies) do not … [Continue reading]
One of my clients received this letter from a church member. It is a great example of truly trusting God in everything, including finances. A few years ago, we attended the church during the tithing challenge. We saw so many wonderful … [Continue reading]
Several times during the year it is a good idea to place in the Sunday bulletin, the quarterly donor gift statement, or other form of communication a reminder that people can give stock to the church. Below is the bulletin “blurb” which I use … [Continue reading]
When stock is donated, it must be acknowledged by the church. It can be posted on the person’s giving record so that there is permanent record of the gift. It is also an excellent practice to send the donor a separate letter with the details of the … [Continue reading]
Virtually all stock in the US is common stock. There are lots of other kinds of stock (preferred, private, etc.) but common stock is typically what is traded on the major stock exchanges. Almost all stock is now held in “street accounts” or an … [Continue reading]
Staff org charts are absolutely necessary. Every organization, including churches, must have an up-to-date org chart. These charts help all staff (and non-staff) understand who supervises who, where the buck stops, which department has which … [Continue reading]