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Overview

Course Description:

This course is designed to provide Clergy and Administration with information pertaining to business decisions or concerns that may jeopardize the Federal Tax Exemption Status of a Church.  Essentially, the 501(c)(3) organization must engage primarily in activities that accomplish exempt purposes. This course will also focuses on the Church providing adequate financial support and other types of support for full-time Clergy members

Course Requirements

A. Technical Requirements

  • Download and install a browser other than Microsoft Internet Explorer. We suggest Firefox or Google Chrome.
  • The E-learning system performs better with Firefox or Google Chrome browsers.B. Academic Requirements
    • Lessons (25%): Complete all the lessons
    • Quizzes (25%): Complete all the quizzes.
    • Final Exam (30%).
    • Term paper (20%)

    C. Grading Scale

    • A = 94-100 Excellent
    • B = 84 – 93 Above Average
    • C = 74 – 83 Average
    • D = 64 – 73 Below Average
    • F = 63 & Below Failure

Curriculum

Course Content

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Section 2. The Firsy Steps
Step 2. Creat the Accounting System
Step 3. Accountable Reimbursement Plan
Step 4. Minister Compensation Package 1 Quiz
Lesson Content
Step 5. Setting up payroll for the Church
Step 6. Form 1099-Misc
Step 7. Form 1042S and Nonresident Alien Guest
Step 8. The W-9 and Guest Speakers
Step 9. Form 941 and Salaries at the Church
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