For all the negative impact of the Great Recession, one upside is that more ministry leaders are attentive to economic trends. They’ve learned that churches and other ministries aren’t as insulated from economic downturns as they once were.
So what’s happening with the economy today? To find out, ECCU CFO Mike Koch posed some questions to economist Stuart Strother, a professor at Azusa Pacific University (APU). [read more]
The way a ministry builds its budget has significant impact on how successfully the ministry lives out its mission. For larger ministries, the need for budgets to be built strategically and aligned missionally is crucial. The question is how. How do you build this kind of budget? [read more]
I just read a blog post by T.J. Addington that made me want to give him an award. You can tell by the title that his point was simple: Does your ministry budget reflect your ministry priorities? But like many simple points, this one isn’t easy to pull off. [read more]
According to GuideStar’s recent survey of nonprofits, for the first 9 months of 2012, 34% of nonprofits reported an increase in donations while 37% reported a decline. These mixed results are attributed to the lasting effects of the Great Recession and slow economic recovery. [read more]
As the final quarter of the fiscal year for many ministries rolls around, a recent post by church planter/professor/blogger Tim Spivey on his New Vintage Leadership blog is well worth reading.
Two Things You Must Have Before Asking People to Give offers a simple formula that Spivey learned early in his ministry. He says this formula “keeps me from asking for money to meet budget. Of course we have to meet it, but the budget is an inanimate object. Pull it apart. Personify it. Show them how life change happens through the budget. If you can’t, your budget needs to be overhauled.”
On the heels of two recent ECCU budgeting webinars (now available as free recordings), I resonate with Spivey’s words. He’s advocating that we align money with mission and monitor to be sure our ministries stay on mission.
Check out Spivey’s blog post to learn his formula, then come back here and leave a comment letting me know what you think.