Annual income exceeding $1 Mil Devotee email broadcasts exceeds 4,000 Devotee attendance exceeds 1,200 for major festivals ( Ramanavami, Ganesh chaturdhi, Diwali,etc ); New year > $3,500 Major Festivals performed = 10 Active in Community activities – Health Fair, Blood donation, Kids summit At a Glance
Managements Responsibility Sustain the Faith & Reason that connected every devotee to our temple Being accountable to every Penny contributed by devotees
Some Facts Board Members: Board member resignations or Inactivity – atleast 30% – 50% Board Meetings Attendance ~ 60% (gets worse in second half) # of board members returning to serve again – very minimal Community Participation: AGM attendance: < 5% ( Roughly 30 to 40 out of ~ 800 patrons) Election Voting Record: Just 40% – 50% Contestants in election process: Hardly filling up NO Voting process held for elections: Trustees in: 2011,2010, etc Directors in: 2010, etc _____________
Points to Ponder Responsibility & Decision making – by very few board members Unlimited power – given to very few board members Complete financial control - given to 3 year elected members Long term investment & planning – given to a 3 year elected members
Points to Ponder Will these 3 year elected members take responsibility when theres a Legal Law suit against our temple OR the Net Income goes negative OR theres Operational non-compliance with OSHA OR natural disasters occur or any kind of assaults happen OR local County or Lending Bank tries to take over ?
Individuals who can provide leadership with outstanding character, ability and vision for the future of our institution and our faith. Board of Governors
Manage Operations Elected representatives Term: 2 Yrs Policy Makers Approvals - Unlimited Elected representatives Term: 3 Yrs TRUSTEES DIRECTORS Current Structure
GOVERNORS Manage Operations Elected representatives Term: 2 Yrs Policy Makers Approvals < 500K or $1 Mil Elected representatives Term: 3 Yrs Visionaries & Protectors Approvals 500K or $1 Mil Appointed Patrons Term: Lifetime TRUSTEES DIRECTORS
Board of Governors Functions: Ultimate authority for the financial, administrative, legal, religious and security aspects of the institution Define the vision, manage the assets and protect the institution and our values Exercises jurisdiction in all matters EXCEPT those that are delegated to the Board of Trustees & Directors
Board of Governors Functions (Contd): Powers to supersede the decisions made by the Board of Trustees and Board of Directors, in case a situation arises which could be detrimental to the Institution or to the vision of the Institution Detrimental cases - for ex: Legal Law suits Financial burdens Operational non-compliance Terrorist activities or assaults or natural calamities Local government interference
Board of Governors Functions (Contd): Cannot involve in the day-to-day activities or routine operations Any project that exceeds 500K budget should be approved by the Board of governors Board of Governors meet at least twice a year or as required
Board of Governors Term of Office When APPOINTED, will be a Board member until 15 years OR Life term - his or her death or until resignation or retirement or his/her removal by the fellow Board of Governors or disqualification based on non- compliance with the eligibility criteria
Eligibility Criteria By appointment only Person who can provide leadership with outstanding character, ability and vision for the future of our institution and our faith Should have contributed at least $100K during his tenure
Eligibility Criteria Others The appointment to the board of governor position cannot automatically be given to the immediate heirs in the family Upon a members decease, resignation, retirement, removal or disqualification, then that position will be available for appointment and will go thru the eligibility criteria & BOT & BOD Approval process
Current Structure (BOT + BOD) Works well (except fixing some loopholes) Focus is on Long-Term (BOG) Improve long term infrastructure that can sustain: Growth of diversified devotee base Any kind of unforeseen eventualities (Financial/Legal/Religious/etc) Unbridled / Unrestricted investment or spending by short term elected reps Provides: Steady & balanced growth
Options 1)Forming BOG Structure 2)Upgrading BOTs
GovernorsTrustees Position FilledBy AppointmentBy Election Fiscal Responsibility Probability:Higher; Due to bigger donations made Probability: Comparatively lower EligibilityMinimum: 100K1K / 10K Daily activitiesNot involvedCoordinate with Directors Policy MakingFor higher valueFor limited value
Board of Governors Todo list Process Identification Inform all Patron members Amend the Constitution Amend the by-laws Voting Approve & Form the Board of Governors
Learning from Temples in US A couple (out of many) of TRUE stories
Ganesha Temple in Flushing, NY Due to the board members conflicts, the management is taken over by Non-Hindus
Hindu Temple in Toronto, Canada When board members did not work well with their members, the county planned to foreclose the property. Fortunately, YDS(Yogi Divine Society) took over and continued the services.
Your consent to our cookies if you continue to use this website.