Financial Services

Welcome to our financial services page that will help you navigate through today’s financial issues facing your church.  Today’s church faces unprecedented legal and financial challenges stay current and compliant with tax and labor laws. Our resource page will provide you with timely video instructions to navigate these issues, along with relevant PDF documents that you can download and use for your church.  Should you need assistance, feel free to contact us at  .  Be sure to check out our Youtube Channel to access video resources.

Church Loans

We provide direct access to lenders when a local church needs a loan

Communication & Media

NJMN has a full complement of social media platforms to speak with our constituents and members throughout the state

Insurances

We provide assistance to our local churches regarding church legal matters

Network Endowment

NJMN is creating a long-term endowment to fund Vision 2020 through the next decade

Network Finances

Assisting churches with financial reporting, tax and payroll compliance, accounting software, and internal controls

Legalities

We provide assistance to our local churches regarding church legal matters

Stewardship Training:
Church Finances;
Ministers Finances

Stewardship training is ongoing and our
Department offers a variety of tools to assist a
local church in stewardship principles

MEET OUR TEAM

US DEPARTMENT OF LABOR – NEW OVERTIME PAY RULES

EFFECTIVE JANUARY 1, 2020

Effective January 1, 2020 the new standard level salary for exempt/salaried employees will be $684 per week, or $35,568 annually, as set forth by the Department of Labor.

Any exempt employee making less than the above referenced minimum will be eligible for overtime pay.

Churches are NOT EXEMPT from these new rules.

Church employees may not volunteer their time to perform the same type of work for which they are employed.

The Ministerial Exception provides an exemption for church employees who are working in a ministerial role, and do not necessarily need to have clergy credentials. These individuals might include senior and associate pastors, youth pastors, worship leaders, children’s ministry directors, and others who fill a ministerial role in your church.

What to do:

Determine who on your staff meets the Ministerial Exception. These employees are not eligible to receive overtime.

  • Determine whether your other employees are exempt or non-exempt. Non-exempt employees are already eligible for overtime. Exempt employees who make less than $684 per week will now be eligible for overtime pay.
  • Look at your overtime policies – it will become important to set limits on permitted overtime, especially for exempt employees who are paid under the new limits.
  • Make sure you don’t fall into the “volunteer” trap – you must pay employees for overtime – they don’t magically turn into volunteers at 5:00 p.m. If they are doing the same work after hours that they do during the day, you must pay them overtime.
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