FINANCE
Missionwell, a full service accounting, finance and business partner, performs all accounting functions for Transformation Ministries. Missionwell is dedicated to the highest ethical and accounting standards. About Missionwell.
Missionwell has agreed to respond to simple questions you may have that relate to church accounting and administration, internal controls for churches, insurance, housing allowance for pastors, donation reporting, and the like. If the issues are more complex in nature, Missionwell can make arrangements with you for longer-term assistance. For more information contact Judy Roblee at 626.578.0001.
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The address for remitting financial support for Transformation Ministries has changed. Financial support for Transformation Ministries is to be sent to:
Transformation Ministries
c/o Missionwell
466 Foothill Blvd, #358
La Canada, CA 91011
The TM Office is still located at 970 S. Village Oaks Drive, Ste. 101, Covina, CA 91724.
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Below are some brief articles that may be of assistance to you:
| ADMINISTRATION |
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Church Administration - Miscellaneous topics for churches, includes information on: credit reports, finding an accountant, church record retention policy, IRS and taxes, counseling, and church audits.
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| 501(c)(3) Details and Your Church/Organization - important information about this nonprofit status with the Federal government |
| POLICIES AND PROCEDURES |
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Internal Controls - Internal controls are important to protect the assets of your organization and to ensure compliance with managerial policieis. Poor internal controls can result in a greater likelihood of honest errors or dishonest acts.
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| PASTOR AND STAFF ISSUES |
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Compensation for Pastors and Church Employees - information for finance committees, church treasurers, pastoral search committees, pastors and staff.
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| Employee or Independent Contractor? - Many churches like to classify workers as independent contractors in order to save taxes and to save the effort to prepare all the required payroll tax forms. However, if the wrong decision is made, churches may end up paying additional taxes, penalties and interest. |
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Housing Allowance for Pastors - Important information that churches must do and pastors must know about their housing allowance and what is allowable by IRS.
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Retirement for Pastors - through the Ministers and Missionaries Benefit Board (MMBB)
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| PROPERTY ISSUES |
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Church Property Ownership - includes discussion of property tax exemptions.
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| LEGAL |
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Lawsuits and Insurance - Protect your church from lawsuits, also includes help for liability insurance for churches
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Evangelical Council for Financial Accountability (ECFA). Transformation Ministries continues to qualify as an ECFA member organization. This means that we, as a ministry, have met all standards of financial integrity and Christian ethics as required by ECFA. You can find out more information about ECFA through their website: www.ecfa.org.
ECFA Best Practices