From a financial standpoint, most churches performed amazingly well during the course of COVID-19. Now, with unprecedented levels of cash on hand, church leaders must strategize how best to steward these resources.
Church changes its DNA through service projects and grows, with room to expand. By Darrel Rowland Ten years ago, Sunbury Christian Church spent $500,000 to buy 11 acres at the edge of a village in central Ohio. The church knew its old facility less than two miles away was inadequate, despite renovations that added a gym and got rid of the 1960s-era green paisley carpet. Still, half-a-million dollars for a congregation of about 300 as the Great Recession struck? “We swallowed real hard,” remembers senior minister Mike Bratten. “The need outweighed the fear.” The parcel wasn’t just randomly selected.
August 31, 2017
By Justin Horey Joliet, Illinois, is a prison town. The Joliet Correctional Center opened in 1858 and housed inmates for nearly 150 years until it was closed in 2002. The prison shaped Joliet”s culture for a century and a half, even bringing fame and notoriety; it served as the setting of the opening scene in the 1980 movie The Blues Brothers and the site of the first season of the Fox television drama Prison Break. Even though that prison has been closed for 15 years, the Statesville Correctional Center remains open just outside of town, so the prison influence continues.
March 2, 2015
By Jennifer Johnson According to the Federal Reserve Bank of St. Louis, churches spent close to $9 billion on new construction in 2002 and $3.5 billion in 2013. (Thanks, Great Recession.) Organizations analyzing church spending report congregations that own or rent existing buildings spend 20-30 percent or more of their budgets on loan payments, maintenance, and related expenses. For most churches in the U.S., buildings are necessary for building ministry, and the process isn”t cheap. I”m not interested in the tired debate about whether a church should have a nice building that costs a lot of money when so many
January 1, 2015
At Central Christian Church in Las Vegas, Nevada, ministry to the broken has become a main focus. The church has started ministries such as Celebrate Recovery, God Behind Bars, People of the Second Chance, and an outreach to female strippers in the city. “My philosophy is if you speak to the broken, you”ll always have an audience,” says senior pastor Jud Wilhite. “I want not only to speak to the broken, but have ministries that reach people at their point of pain and brokenness””and we”re all broken at some level.” Since beginning these ministries for broken people in the community,
By John Derry President, Hope International University, Fullerton, California In 2008, I wrote an article for CHRISTIAN STANDARD called “The Future of Christian Church Colleges.” At that time, I anticipated challenges for our schools as they responded to changing demographics, new technology, and increasing accountability demands from government regulation and accreditation agencies. Shortly after the article appeared that March, our country entered the Great Recession. Virtually every industry was affected: banking, automotive, manufacturing, housing, retail, construction, health care, social services, and many others, including higher education. It created a new pressure point exacerbating financial challenges that were already severe. A 2012
January 6, 2014
By Neal Windham Being Consumed: Economics and Christian Desire William T. Cavanaugh Wm. B. Eerdman”s Publishing Company, 2008 The United States has one of the lowest savings rates of any wealthy country, and we are the most indebted society in history. What really characterizes consumer culture is not attachment to things but detachment. People do not hoard money; they spend it. So warns William Cavanaugh in his book, Being Consumed (Grand Rapids: Eerdmans, 2008). Cavanaugh published these words at the beginning of the Great Recession, just as millions of baby boomers were readying to settle into their 401(k) lives. Having
By Kent E. Fillinger Financial experts disagree on the economic status of our country. Have we rebounded from the recession or are we preparing for a second dip? The economic impact has been unevenly felt across the country and in churches. Two years ago, I wrote an article titled “Sustaining Ministry in a Shrinking Economy” for the megachurch issue, so it seemed valuable to assess the current financial state of the churches in our survey by examining several economic indicators. Strap on your financial seat belt, break out your calculator, and get ready to review a detailed financial portfolio of
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