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It's not uncommon for church planters to have other sources of income than pastoral ministry. Sometimes a side hustle can help make ends meet or pay off debt. In this video, Tory Farina shares some of the benefits of having a side hustle and how to fit it into your ministry schedule.
Raising money for ministry can be an intimidating process. Once funds have been raised it is important to maintain positive relationships with your donors. Dean Sweetman from Tithe.ly gives expert advice on how to follow up well with donors in order to demonstrate follow up and encourage future partnerships.
A lack of budgeting will prevent any ministry from being sustainable long term. You do not need an accounting degree to put together a solid ministry budget. In this video Rollie Dimos, Director of Internal Audit for the Assemblies of God national office shares 5 steps to putting together a strong ministry budget.
Handling money is more than good practice, it is a stewardship that ministers are accountable for. In this video, Rollie Dimos, Director of Internal Audit for the Assemblies of God national office, gives basic principles for financial controls in your church. These principles will provide accountability and protect the church from abuse. Best of all - you don't need to be an accountant to understand them.
One of the difficulties of the COVID-19 pandemic has been the financial stress it has placed on churches. In this video, Mike McCrary interviews Mike Carlton, lead pastor of Bloom Church about how to maintain financial momentum and make resources go further during this economic slump.
One of the challenges of the COVID-19 pandemic for churches has been transitioning exclusively to online giving. In this video Scott Wilson, Lead Pastor of the Oaks Church in Texas shares how they have been engaging giving this season through communication and intentionality.
Recently the US Government announced the CARES-Act, which has assistance for small businesses. This also includes churches. APLOS accounting has built and provided for free a loan calculator with instructions to easily track covered expenses. They have also provided a quick overview of the CARES-Act for easy reference.
This last week Congress passed the CARES Act which will help provide relief to Americans affected by the COVID-19 pandemic. This legislation has implications for churches that may be helpful during this time of economic stress. In this video Richard Hammer, Legal Counsel to the Assemblies of God, and George P. Wood, Editor of Influence Magazine discuss some of these implications.
Many church planters are wondering if they can still raise funds during the pandemic and if so what legal and financial systems do they need to have in place. At CMN our funding team took the time to answer a few quick questions we have been getting.