Agamayoga

Agama Yoga made some positive changes to its fundamental financial and administrative structure in 2009. As of 2009, Agama now operates as a nonprofit organization and begins annual public reporting in an effort to increase transparency within our community.

The public can expect annual reporting as quickly after the year’s end as possible. Our goal for 2010 and beyond will be semi-annual (mid-year) reporting or – pending ideal circumstances – quarterly reporting.

At this point Agama remains a limited partnership. We have not yet completed the extensive requirements to become an educational institution in Thailand (i.e., an institution recognized by the Thai government) and nor do we yet feel the costs outweigh the benefits to reorganize as a full company.

According to the process of becoming an official educational facility – which we began but suspended in 2009 due to the large expenses involved and our major priority to complete construction – once we have translated a sizable portion of our printed curriculum materials into Thai and paid the legal fees necessary, we will be registered as an educational facility and would hope with this status, first of all, to support our students’ visa requests more solidly.

Agama Yoga Foundation

Also in 2009, Agama Yoga set up the Agama Yoga Foundation, an organization distinct from Agama Yoga. Currently the Foundation has three member Trustees (Swami Vivekananda, Claudiu Trandafir, and Mihaiela Pentiuc) charged with the spiritual leadership of the school and contracted for the majority of teaching duties and events.

Agama wholeheartedly supports the Agama Yoga Foundation to the greatest extent possible and allowable under the guidelines of our new financial structure. In addition, the three members of the Foundation sit on the Agama Yoga Board of Directors, of which the general manager is also a member.