16 Reasons to Consider a “For-Profit” Status For Your Ministry

MP900387808The costs associated with funding programs can be a ministry’s greatest challenge. A “For-Profit”  status may be the solution.

A non-profit status is still a safe way to organize a ministry. It is good to give and provide for ministry and leaders who serve.  But, what if that isn’t the path for you?  The IRS  code gives us guidelines for operating a non-profit organization.  But what if God has a different plan using His own code for your ministry operation  without the 501(c)(3)?  What if your business (or profession) is where your ministry will happen?

Years ago, I was writing grants for urban youth ministries, feeling the stress of seeking money for important programs and supplies.  I  couldn’t help but remember my corporate management days when I could have written the check myself.

I left the business world for my ministry and now my ministry has come to the business world.

Abandoning the idea of the 501(c) (3) as the best way for every ministry to be established,  I now favor the “For Profit” status for ministry leaders who are gifted in the business sector.

There are advantages of a “For-Profit” status that can benefit a ministry – that is, if you have what it takes to make a profit, you are a giver, and you don’t mind making a contribution to Uncle Sam.

Here’s the problem:

  • The 501 (c) ( 3) status has limitations on activities such as earning income, political involvement, selling goods, and transferring assets.
  • The 501 (c) (3) status is facing political challenges that could likely lead to drastic changes in the future.
  • The 501 (c) (3) status creates limitations that can influence the decisions and direction of an organization.

Here’s a Solution: 

Incorporate a business as a financial source for your ministry, and a separate entity. Through your business, seek creative ways to support the ministry and earn a good living for yourself and your team. With this method, if you choose to have a non-profit as a totally different organization, your ministry has a hedge against changes in the 501 (c) (3) code, and your personal finances are not bound to the limitations and political uncertainties of the non-profit.

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5 Ways to Manage Office Gossip and Help Your Career

Two Young Women in Front of the Computer TalkingWherever people convene, there will likely be some sort of gossip and the office is no exception.

There are work assignments that feel like a nagging fly, buzzing around the office, loitering at your desk and making itself at home. In spite of the discomfort of handling those nagging tasks, there is another bug that’s even worse – Office Gossip!

Dealing with office gossip can be a major distraction that hinders productivity and cohesion for any group.

Most people spend at least 8 hours at work. Co-workers eat lunch together, celebrate holidays in the office, travel together, and often communicate after work hours. it’s understandable how the relationships at work can become personal, and sometimes, intimate. As beneficial as work relationships can be, the business relationship is different and requires  boundaries and precautions.

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Costly Secrets That Employees Keep

MP900387752The secrets employees keep can be one of the most costly hidden expenses a business owner encounters.

The problem happens when an employee, who has inside information about the business, decides to keep that information a secret. While there are many reasons why this happens, there is one avoidable reason for the secrecy – the employee knows that it is not in the best interest of her career to tell the truth. Continue reading

How to Help a Friend Get Her Personal Power Back

Do you have a friend who needs to get her personal power back?

It’s hard to watch a friend going through a tough time. It’s even harder when the tough time begins to challenge the friend’s self-esteem and personal power. You can help her power up by encouraging her to focus on a few truths and get busy with some strategic actions. Happy PeoplePersonal power can be maintained through any situation that life throws at you when you practice a few baseline beliefs and actions.  Continue reading

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