Upload
calla
View
46
Download
1
Tags:
Embed Size (px)
DESCRIPTION
Case Studies for Financial Sustainability JAINA LRP Conference 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. - PowerPoint PPT Presentation
Citation preview
Case Studies for Financial SustainabilityJAINA LRP Conference
Siddhachalam, New Jersey, USAApril 2-4, 2010
Dipak Doshi2008-2009 JSMC Chairman of Board
Illinois, USA
FINANCIAL SUSTAINABILITY REVIEW
JSMC Chicago Model
Pratham Model
JAINA’s Financial Planning
Agenda
JSMC CHICAGO MODEL – 2009 PRATISHTHA (slide 1 of 5)$9.5 MM Expansion Renovation Project on $5MM Original Construction. Started in 2004-2005
CHALLENGESLimited 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
CHANGENEW 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
RESULTS100% 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
JSMC’s 5.2MM Drive 2008-2009
Begin With A PlanJSMC CHICAGO MODEL – 2009 PRATISHTHA (slide 2 of 5)
JSMC’s 5.2MM Drive 2008-2009
Respect BudgetJSMC CHICAGO MODEL – 2009 PRATISHTHA (slide 3 of 5)
JSMC’s 5.2MM Drive 2008-2009
Report Progress
8/1/2004 12/31/2008
May 05Bhumi Poojan
March 08Completion of >100
construction punch list items
August 04Plan Approval
May 07Opening of the Expanded
Community Hall and new Prayer Hall
April 05Approval from
Village of Bartlett
February 06Substantial Completion of
Community Center Expansion
July 05Shilanyas Vidhi –
Brick Laying CeremoneyJanuary 08
Procurement of a mortgage loan of $5.7MM
April 08Employment of a full-time
Shilpi (Sompura) for temple construction project
May 08Marble Procurement from India
June 08Utthapan & Temple Relocation
July 08Demolition & Reconstruction starts
August 08Stage Curtains and Lightings
JSMC CHICAGO MODEL – 2009 PRATISHTHA (slide 4 of 5)
JSMC’s 5.2MM Drive 2008-2009
Highlight Success
Mahaveer Jayanti, Anniversary, Paryushan
2008 = $900,000
2008-2009
TOTAL PLEDGES $4,700,000
Mahaveer Jayanti, Pratishtha, Paryushan
2009 = $3,800,000
JSMC CHICAGO MODEL – 2009 PRATISHTHA (slide 5 of 5)
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 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
Pratham’s $14MM Drive 2008
Organized Rollout with One Voice
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 ReviewKey Accomplishments, Convention Outcome, Going Forward Plans
Strategic InitiativesStrategy 1 Snapshot
Strategy 2 Snapshot
Campaign/Project InitiativeCampaign/Project 1 Snapshot
Campaign/Project 2 Snapshot
Program InitiativesProgram 1 Snapshot
Program 2 Snapshot
Convention and Conferences
Performance (how do we compare to other similar organizations?)
FinancialsBalance Sheet, I&E, 3-Year Comparison, Sources and Use of Funds
How Do We Move Forward From Here?