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					Case Studies for Financial Sustainability
            J AIN A L R P C o n fe r e nce
          Siddhachalam, New Jersey, USA
                  April 2-4, 2010




                 Dipak Doshi
         2008-2009 JSMC Chairman of Board
                    Illinois, USA
Agenda

 FINANCIAL SUSTAINABILITY REVIEW

    JSMC Chicago Model




    Pratham Model




    JAINA’s Financial Planning
        JSMC’s 5.2MM Drive 2008-2009
JSMC CHICAGO MODEL – 2009 PRATISHTHA (slide 1 of 5)
   $9.5 MM Expansion Renovation Project on $5MM Original Construction. Started in 2004-2005
   CHALLENGES
       Limited Support and Endorsement. No Formalized Budget. Documented Plans (the lack of). No
       Policies and Procedures. Limited Transparency and Reporting. Many Unfinished Tasks.
       Dried up Funding in 2006-2007 with <$2.5MM Raised in the First 3-4 Years
       Ghost House Effect with Catch 22 Due to Reduced Visiting Members
   CHANGE
       NEW Leadership in 2008-2009 - Energetic, Vibrant, Dynamic and Motivated with YES WE CAN Attitude
       Pratishtha Master Planning in Workshop Style Sessions with Extensive WBS
       Extraordinary Programming , Member Outreach and Liaison by the Entire Team
       All Committee Chairs (except for Steering and FR) were selected/invited from the Membership
       Empowerment and Mobilization of 236 Key Volunteers, A Diverse Mix
       Written Plans (maintained dynamically on a biweekly/monthly basis) for Each Committee with Budget,
       Objectives, Scope, Tasks, Requirements, Team Roasters, and Schedules
       Biweekly Individual Committee Meetings and Monthly Group Meetings
       At Venues and with Logistical Services provided for Effective Conduct
   RESULTS
       100% Completion with Huge Incredible Successes at Every Front
       2-4K attendees/day over a 10-day celebration.
       $4.7MM in Donation Pledges in 2008-2009 + $2.4MM Interest-Free Member Loans
       Once Again a Vibrant, Must Come/Visit Place, to Hang Out, with High Social/Community Values
       JSMC’s 5.2MM Drive 2008-2009

       Begin With A Plan
JSMC CHICAGO MODEL – 2009 PRATISHTHA (slide 2 of 5)
       JSMC’s 5.2MM Drive 2008-2009

       Respect Budget
JSMC CHICAGO MODEL – 2009 PRATISHTHA (slide 3 of 5)
                 JSMC’s 5.2MM Drive 2008-2009

                 Report Progress
   JSMC CHICAGO MODEL – 2009 PRATISHTHA (slide 4 of 5)
                  April 05                                              April 08                  August 08
             Approval from                                     Employment of a full-time Stage Curtains and Lightings
                                             July 05             Shilpi (Sompura) for
            Village of Bartlett
                                        Shilanyas Vidhi –     temple construction project
                                    Brick Laying Ceremoney                                             May 08
  August 04                                                  January 08                    Marble Procurement from India
Plan Approval                                             Procurement of a
                                                      mortgage loan of $5.7MM




 8/1/2004                                                                                                       12/31/2008

                          May 05                                    May 07
                       Bhumi Poojan                        Opening of the Expanded              June 08
                                                             Community Hall and Utthapan & Temple Relocation
                                         February 06
                                                               new Prayer Hall
                                   Substantial Completion of                                          July 08
                                  Community Center Expansion                             Demolition & Reconstruction starts
                                                                     March 08
                                                               Completion of >100
                                                           construction punch list items
       JSMC’s 5.2MM Drive 2008-2009

       Highlight Success
JSMC CHICAGO MODEL – 2009 PRATISHTHA (slide 5 of 5)

Mahaveer Jayanti, Anniversary, Paryushan
2008                        =           $900,000
Mahaveer Jayanti, Pratishtha, Paryushan
2009                        =         $3,800,000
2008-2009
TOTAL PLEDGES                         $4,700,000
                                  +
2008-2009
MEMBER LOANS                          $2,400,000
          Pratham’s $14MM Drive 2008
PRATHAM MODEL (slide 1 of 5)
   $12-14MM in Annual Revenues
   Recipient of 2010 Henry R. Kravis Prize (with $250,000 award) from Claremont
   McKenna College for Extraordinary Leadership in the Non-Profit Sector
   Prominent Leadership that Follows 3-CCCs
   Annual Banquets, Gala Events, Award Ceremonies (JAINA Conventions?)
   Gala Events with a Road Show Around the Nation (6-8 Temples-Centers/Year?)
       Minimum $100/Ticket + Marketing = Typically Raises $50K to $250K
       Branded Venue with Branded Entertainer/Programming
       Local/Regional Event Chair & Event Board
       Coordinated Scheduling (Insure No Conflict with Local/Temple Events)
       Announced 6-Months in Advance
   Summer & Winter Camps (at Siddhachalam, NJ and a FIU, FL?)
       Get Kids, Youths, and Adults Involved
       Insure Community Feel
       Develop Leadership
   Align Committed and Passionate Donors with Annualized Minimum Pledges
         Pratham’s $14MM Drive 2008

         Built On a Solid Foundation
PRATHAM MODEL (slide 2 of 5)
   Define Roles of Elected BOD and Presidential Office/Staff

   Written Policies and Procedures

   Professional Standards and Benchmarks

   3-Tier Structure for Donors and Community Leaders
      TIER 1 = Each 100K/Year Donor

      TIER 2 = Each  50K/Year Donor

      TIER 3 = Motivated Volunteers and Aspiring Young Adults
       Pratham’s $14MM Drive 2008

       Organized Rollout with One Voice
PRATHAM MODEL (slide 3 of 5)
   TIER 1 = Each 100K/Year Donor
      Invited “National” Board Director with Voting Privileges for a 2-Year Term
      Provides Guidance to “Global” Leadership, FR Strategies, Finance/Treasury
      Oversight
      Extension to One More Term as VP for a Minimum Give/Raise Donation of
      50K/Year
      Also Becomes a Regional Ambassador
      Add Other Recognitions (Website, Announcements, Convention, Awards, etc.)
      A Means to Recognize and Engage Prospect Donors with Limited Time Availability
       Pratham’s $14MM Drive 2008

       Organized Rollout with One Voice
PRATHAM MODEL (slide 4 of 5)
   TIER 2 = Each  50K/Year Donor
      Invited Board of Advisor for a 1-Year Term
      Becomes a Regional BOD with Extension to One More Term for a Minimum
      Give/Raise Donation of 25K/Year
      Provides Guidance to “Regional” Leadership, Strategies, Events, and Hospitality
      Add Other Recognitions (Website, Announcements, Regional Gala Events,
      Awards, etc.)
      A Means to Recognize and Engage Prospect Donors
       Pratham’s $14MM Drive 2008

       Organized Rollout with One Voice
PRATHAM MODEL (slide 5 of 5)
   TIER 3 = Motivated Volunteers and Aspiring Young Adults
      Primary Contribution may be Non-Monetary
      Minimum 1-Year Commitment with at least 10 hrs/month
      Assist with Marketing, Public Relations, and Multimedia Management
      Involvement and Empowerment of Young to Steer with a Next Generation in Mind
      Investment in Future Leadership
    JAINA’s Financial Planning
FINANCIAL PLANNING
  Is NOT Rocket Science
  We have Capable Community/Membership
     Invite, Involve, Integrate
     Connect, Communicate, Collaborate
     Start with a Plan, Benchmark From the Bests (LEXUS Model)
     Execute the Process, Keep Dynamic, Always a Work In Progress
  Define and Follow the Process… Do Things Right …
     Strengthen the Leadership Pipeline
     Demonstrate Honesty and Integrity
     Make Passionate Efforts with High Energy
     Follow Ethical Practices and Show Transparency
     Provide Crystal Clear Feedback (Frequent Show & Tells)
         JAINA’s Financial Planning

         Transparency
JAINA QUATERLY/ANNUAL REPORTS
  Quarter/Year in Review
      Key Accomplishments, Convention Outcome, Going Forward Plans
  Strategic Initiatives
      Strategy 1 Snapshot
      Strategy 2 Snapshot
  Campaign/Project Initiative
      Campaign/Project 1 Snapshot
      Campaign/Project 2 Snapshot
  Program Initiatives
      Program 1 Snapshot
      Program 2 Snapshot
  Convention and Conferences
  Performance (how do we compare to other similar organizations?)
  Financials
      Balance Sheet, I&E, 3-Year Comparison, Sources and Use of Funds
How Do We Move Forward From Here?

				
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posted:8/12/2011
language:English
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