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Case Studies for Financial Sustainability JAINA LRP Conference Siddhachalam, New Jersey, USA

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.

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Case Studies for Financial Sustainability JAINA LRP Conference Siddhachalam, New Jersey, USA

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  1. 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

  2. Agenda • FINANCIAL SUSTAINABILITY REVIEW JSMC Chicago Model Pratham Model JAINA’s Financial Planning

  3. 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

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

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

  6. JSMC’s 5.2MM Drive 2008-2009Report Progress • JSMC CHICAGO MODEL – 2009 PRATISHTHA (slide 4 of 5)

  7. Mahaveer Jayanti, Anniversary, Paryushan2008 = $900,000 Mahaveer Jayanti, Pratishtha, Paryushan2009 = $3,800,000 JSMC’s 5.2MM Drive 2008-2009Highlight Success • JSMC CHICAGO MODEL – 2009 PRATISHTHA (slide 5 of 5)

  8. 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

  9. Pratham’s $14MM Drive 2008Built 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

  10. Pratham’s $14MM Drive 2008Organized 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

  11. Pratham’s $14MM Drive 2008Organized 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

  12. Pratham’s $14MM Drive 2008Organized 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

  13. 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)

  14. JAINA’s Financial PlanningTransparency • 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

  15. How Do We Move Forward From Here?

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