Not-For-ProfitIndustry Brochure

Religious Organizations

BKD National Not-for-Profit Group understands that religious organizations must balance their spiritual mission with the reality of tight budgets, limited resources and accountability to members and donors. Our advisors’ extensive experience with religious organizations translates into solutions that can help you in the following areas.

Financial Accountability

Sound financial management requires strategic planning to set priorities and goals, budgeting for fiscal discipline and preparing meaningful financial statements and reports that demonstrate accountability. We can help:

  • Develop policies and procedures
  • Assist with internal audits
  • Implement governance best practices
  • Strengthen internal controls
  • Improve use and tracking of restricted resources
  • Design strategies to improve profitability of various programs and cost allocation plans for accurate measurements
  • Analyze and forecast cash flows
  • Perform feasibility studies, financial projections and operational reviews
  • Create budgets and business plans aligned with strategic priorities
  • Provide benchmarking comparisons
  • Explore financing alternatives
  • Assist with lending activities and best practices (church extension funds)

Tax Planning & Compliance

BKD’s tax advisors can help protect your organization from noncompliance penalties and assist your clergy, members, missionaries and donors with planning strategies that may reduce their tax burden. We can help you:

  • Establish political joint ventures
  • Maintain tax-exempt status
  • Advise and structure donor giving arrangements, including trusts and deferred giving
  • Analyze unrelated business income, intermediate sanctions, fringe benefits and retirement plans
  • Deal with international tax issues
  • Prepare tax returns for charitable trusts

To learn more, visit our tax-exempt services page.

Stewardship of Gifts & Income

Contributions, tithes, offerings and investment income can bring long-term financial security to your religious organization. Effective management of these resources can build trust and accountability, demonstrate stewardship and encourage additional giving. We can help:

  • Manage endowment and gift assets and develop investment policies, including goal assessments and asset allocations, through BKD Wealth Advisors, LLC
  • Administer gifts to comply with donor restrictions
  • Improve controls around gift acceptance
  • Structure a comprehensive development plan, gift-acceptance policies and deferred giving arrangements
  • Implement policies and procedures to protect you and your donors
  • Evaluate investment policies and spending rates

Technology

BKD Technologies helps religious organizations make the most of their technology investment. As licensed resellers of Microsoft Dynamic GP and Sage Software financial applications software, both industry-specific and general business, we can help:

  • Select, implement and support new systems and software
  • Control and track project and campaign budgets
  • Coordinate grant and project information
  • Customize fund accounting, including tracking restricted contributions
  • Assess your IT security risks and implement improvements
  • Increase operational efficiency

Tondeé Lutterman

National Industry Partner
816.221.6300

Wally Wetherill

Managing Partner
260.460.4000

Julie Hipsky

Partner
317.383.4000

Rachel Dwiggins

Partner
816.221.6300

Scott Termine

Partner
630.282.9500

General Council of the Assemblies of God

“BKD is knowledgeable and professional. The staff is courteous and concerned about your needs. They offer good recommendations on improving controls and financial services.”

— Ken Tripp, Administrator, Treasury
General Council of the Assemblies of God
Springfield, Missouri

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