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Church Finance

Authors: Michael E. Batts and Richard R. Hammar

Church Finance, a new, ground-breaking comprehensive guide created by respected experts and CPAs, Richard R. Hammar and Michael E. Batts, gives treasurers, bookkeepers, business administrators, and executive pastors the key information they need to manage every aspect of church finances.

From building rock-solid internal controls, to sound budgeting practices, to understanding the intricacies of payroll taxes and housing allowances, Church Finance is the “go-to” reference for church leaders.

Using straight-forward language, the authors of Church Finance delve deeply into the critical issues all churches must address — budgeting, financial reporting, tax compliance, insurance coverage, and more.

Topics Include: Mission, Purpose, and Budgeting ▪ Managing Liquidity and Financial Position ▪ Accounting and Financial Reporting ▪ Maintaining Sound Internal Control ▪ Charitable Contributions ▪ Audits and Other Financial Accountability Activities ▪ Other Revenue Sources ▪ Tax Compliance ▪ Operating Expenses ▪ Insurance Coverage

 

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Board Member Orientation: The Concise and Complete Guide to Nonprofit Board Service

Author: Michael E. Batts

Serving on a nonprofit board can be an incredibly rewarding experience for the properly prepared board member. This book is for the generous and busy people who agree to give of their time and talents by serving on nonprofit boards. Nonprofit boards often fail to do a good job of board member orientation for a variety of reasons. It takes a significant amount of time and effort to plan and conduct quality board member orientation programs, and every time a new board member arrives, it’s time to do it again! Because of the challenges associated with providing quality board member orientation, many nonprofit organizations do not do it at all, leaving their board members to wing it. This book provides help and support to the truly great men and women serving on nonprofit boards whose service makes a positive difference in the lives of countless people every day.

A One-Hour Read

This book is a concise and appropriately comprehensive guide to nonprofit board service designed especially for new board members. It is a quick read, (about one hour), yet it addresses with accuracy the most significant elements of board service, such as mission, responsibility, duty, risk, liability, and board meeting dynamics.

Hooey Alerts! 

Watch for Hooey Alerts! where the author identifies and dispels common myths and legends about nonprofit board service. There are many sources of false or misleading information about the nonprofit board service environment. A perfect example is the often vaguely-worded and intimidating assertion or implication that the Sarbanes-Oxley Act passed by Congress in 2002 applies to nonprofit organizations in a manner similar to how it applies to publicly-traded companies. (It does not.)

Board Member Orientation in a Simple 3-Step Process

The Simple Board Member Orientation Process Using This Book:

  1. Your board members read Chapters 1-9 of the book, which will provide them with insights regarding the key elements of nonprofit board service.
  2. You provide the board members with copies of the documents described in Chapter 10 related to your organization.
  3. You meet with your board members to discuss the unique attributes of your organization following the discussion
    questions provided in Chapter 10.

 

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Unrelated Business Income and the Church: The Concise and Complete GuideTM

Author: Michael E. Batts

If you lead a church and are concerned about the tax implications of unrelated business income, this is the book for you. Unrelated Business Income and the Church demystifies the bewildering and intimidating world of tax rules governing alternative sources of revenue and arms you with tips and strategies to safeguard your nonprofit status. Many myths and fables surround the topic of generating unrelated business income. “You can’t do that, it’s illegal!” and “If you do that, you will lose your tax-exempt status!” are some of the common fear-mongering statements made by many in the nonprofit sector who don’t know the facts. The author, nationally prominent CPA Michael Batts, lays the myths and fables to rest by not only telling you what you can’t do, but more importantly, what you can do! His favorite part of this book is Chapter 5, which is entitled: Generating Income from Activities without Generating Unrelated Business Income.

 

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Unrelated Business Income and the 501(c)(3) Public Charity: The Concise and Complete GuideTM

Author: Michael E. Batts

If you lead a nonprofit organization and are concerned about the tax implications of unrelated business income, this is the book for you. Unrelated Business Income and the 501(c)(3) Public Charity demystifies the bewildering and intimidating world of tax rules governing alternative sources of revenue and arms you with tips and strategies to safeguard your nonprofit status. Many myths and fables surround the topic of generating unrelated business income. “You can’t do that, it’s illegal!” and “If you do that, you will lose your tax-exempt status!” are some of the common fear-mongering statements made by many in the nonprofit sector who don’t know the facts. The author, nationally prominent CPA Michael Batts, lays the myths and fables to rest by not only telling you what you can’t do, but more importantly, what you can do! His favorite part of this book is Chapter 5, which is entitled: Generating Income from Activities without Generating Unrelated Business Income.

 

 

 

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