Faith-Based Organizations
Guiding Your Mission with Trusted Expertise
Specialized accounting, audit, and tax solutions tailored to the unique regulatory and stewardship needs of faith-based organizations.
Serving Those Who Serve the Community
Rushton offers a specialized level of expertise when it comes to serving faith-based organizations. Whether you are a church, mission group, or other ministry, our team is here to support you. As we strive to live out our values every day, we want you to feel confident knowing you have a trusted partner you can turn to—no matter the circumstance.
Faith-based organizations often face unique questions, and our team is prepared to guide you through them. From “Are our ministers’ taxes compliant?” to “Is now the right time for a new capital campaign?”, our experts provide clarity, strategy, and solutions designed to help your mission thrive.
At Rushton, we are dedicated to helping you achieve the best possible outcomes so you can continue what matters most — serving your community and purpose.
- Financial Statement Audits
- Review Engagement
- Compilation Engagement
- Review Payroll or Housing Allowance Compliance
- Test Internal Controls
- Form 990-T
- Software Consulting
Services We Provide
- Performed in accordance with GAAS; includes evaluation of accounting records, internal controls, and financial statement disclosures at the highest level of assurance.
- Limited assurance for organizations that want an external check of their, but less focused on internal controls due to decreased cost.
- No level of assurance, but produces formal set of financial statements.
- Guidance on proper designation and reporting for minister housing allowances, support in determining employee classification of contractor vs. employee, support with quarterly 941 reporting.
- Deposit procedures for tithes and donations
- Accounting system oversight
- Proper segregation of duties
- Purchasing and credit card policies
- Also includes developing these procedures if they are lacking/absent
- Pretty basic but we review their revenues to determine if any money is from something that is outside the realm of church operations. If so we say you need to file a 990T. For instance we have churches with rental properties or some that have owned restaurants.
- Proper budgeting and forecasting
- Correct church specific chart of accounts
- Accurate accounting of restricted donations
- Tracking of pledge and capital campaigns
- What software best fits your current needs and will it handle future needs as you grow?
Examples of what we would be assessing in software needs would be:
Services We Provide
Compliance consulting
Financial statement audits
- Performed in accordance with GAAS; includes evaluation of accounting records, internal controls, and financial statement disclosures at the highest level of assurance.
Review engagement
- Limited assurance for organizations that want an external check of their, but less focused on internal controls due to decreased cost.
Compilation engagement
- No level of assurance, but produces formal set of financial statements
Review payroll or housing allowance compliance
- Guidance on proper designation and reporting for minister housing allowances, support in determining employee classification of contractor vs. employee, support with quarterly 941 reporting
Software Consulting
- What software fits your current needs vs what software will handle future needs
- Examples of what we would be assessing in software needs would be
- Proper budgeting and forecasting
- Correct church specific chart of accounts
- Accurate accounting of restricted donations
- Tracking of pledge and capital campaigns
Relevant Industries
Churches
Mission Groups