BMT provides skilled, specialized financial and management consulting services that continuously change and evolve in order to effectively serve religious institutes in a dynamic economic and cultural environment. Our specialized services include but are not limited to:
BMT, through its Benefit Eligibility Management team, provides various services to achieve the appropriate level of participation in various government and employment-based benefit programs. Religious institutes may use our services on a short-term consulting basis, or may elect to outsource the management of all benefit enrollments to our expert consultants. Our assistance may include some or all of the following:
For those religious institutes in need of assistance with the management of the daily operations of their institute, BMT has the expertise and experience to help. BMT has worked for many years with religious institutes in the various areas of day-to-day operations and has the skills to undertake these responsibilities.
When asked to provide operational management services, BMT works with religious institute to create a job description for the position of Chief Operating Officer that meets the needs determined by the institute. These responsibilities may be in one or more areas, including:
BMT currently serves as Chief Operating Officer/Provincial Administrator for
More than 35 BMT staff is active in the finance offices of religious institutes and their sponsored institutions across the country. This service can either supplement or replace a client's existing staff.
Utilizing BMT personnel allows you to have part-time assistance, as needed or full-time assistance, if desired. We provide individuals with varying levels of experience, from bookkeepers to Chief Financial Officers. These individuals are on BMT's payroll and receive their benefit package through BMT. Your institute benefits by having the depth and breadth of the entire BMT staff augmenting that of the person on site. Our clients appreciate the fact that BMT staff is well educated in their field and in the needs of religious institutes, and knowing that their questions will always be answered promptly by competent consultants.
BMT Human Resource Management services can supplement a religious institute's financial management or office staffing services, or be a stand alone addition to an institute's overall management of operations. Among other tasks, BMT can review a client's existing policies and employment manuals for compliance with federal and state employment regulations and employment law. Also, as staffing needs change, BMT can review, evaluate and make recommendations to the institute regarding the level of resources it may need to move forward into the future with efficiency and effectiveness. Our engagements have included:
For smaller religious institutes with only a few employees, BMT can fulfill the role of human resources director, providing the full range of human resources services.
BMT is the investment consultant for over $2.7 billion of domestic assets for religious institutes. We are also the investment consultant to clients internationally, working with a variety of currencies. The value of an individual client's assets entrusted to us ranges from $250,000 to over $200 million.
As an independent firm not affiliated with any investment management firm, brokerage company or bank, we can help ensure the integrity and viability of our client's investments. Our only allegiance is to our clients and to help them meet their objectives. We offer a wide range of investment services, such as:
Investment consulting services also include ongoing monitoring through:
BMT provides industry unique reporting that focuses on absolute and relative performance comparisons for each manager, as well as, for a client's entire investment program. With our extensive knowledge and experience, BMT ensures that clients continue to meet their objectives and control their investment process.
BMT assists religious institutes in addressing their current and future needs through the development of a long-range management plan. BMT works with leadership and membership to understand the institute's current position and future trends. This information is, then, used to develop possible scenarios that can assist the institute in adapting to a changing environment and in reaching the desired future. The result is a plan that is comprehensive, understandable and consistent with the client's mission and operational objectives.
BMT completes its services through review, evaluation and interim reports pertaining to each aspect of the engagement including, but not limited to:
The process involves document discussion, interviews, change factor discussions and report presentation to the committee, leadership team and membership. The outcome is a written report to guide the institute into the future. Many of our long term plans lead to discussions and recommendations in the area of rightsizing.
Acquisition and Disposition Strategies
Reconfiguration planning addresses several areas of the life and work of religious institutes. To ensure a smooth transition from two or more institutes into one, it is important to include analysis and recommendations in the following areas:
BMT has experience assisting religious institutes in the full array of reconfiguration services. An example of one BMT reconfiguration project related to the coordination of investments includes:
Social Security reporting is required for all religious institutes who participate in the Social Security system on behalf of their members. Those institutes that participate in the system calculate the fair market value of "wages" for their members and pay both the employee and employer portion of the FICA tax. In this system, reporting is required at regular intervals and there are penalties for not reporting on a timely basis. For those institutes that desire assistance with this reporting requirement, BMT has developed a process for performing this task for them.
BMT can assist with the following:
A BMT Sustainability Study is a comprehensive plan that leverages the organization's resources in a way that prevents their depletion and promotes long-term sustainability, perpetuating its ability to fulfill its mission.
Sustainability in the nonprofit context includes the concepts of financial sustainability as well as leadership succession planning, adaptability, and strategic planning.
Let us do the basics for you:
Some of our offsite Accounting Service clients include: