HelpYourNGO
Virs Educational and Training Foundation (VETF)
Livelihood
Vocational Training
50% u/s 80G of The Income Tax Act, 1961
UN Sustainable Development Goals:
% Spent on Beneficiaries
HelpYourNGO USP: Our Research Team studies the NGO's financials to arrive at ratios, variances and the % spent on beneficiaries. This % is the proportion of direct program expenses to total expenditure for the latest financial year, indicating the total direct spend on beneficiaries.
NGO Details
| Year of Establishment | : | 2001 |
| Registered Address | : | Plot No. 989, Road No. 50, Jubilee Hills, Hyderabad 500033, Telangana |
| Website | : | https://N. A. |
| : | ashokvir@kaalmannsgroup.com | |
| Telephone | : | +91 40 23096753 |
| Donor Contact | : | Mr. Ashok Kumar Vir (Managing Trustee) / +91 9849010140 / ashokvir@kaalmannsgroup.com |
| Registered Under | : | The Indian Trust Act, 1882 |
| Auditor | : | Kapasi Bangad & Co. |
| Bankers | : | HDFC Bank Ltd. |
| Trustees/Directors/Managing Committee | : | Mr. Ashok Kumar Vir, Managing Trustee , Ms. Sudha Vir, Trustee , Mr. Gautam Vir, Trustee , Ms. Madhavi Vir, Trustee , Ms. Aarti Vir, Trustee |
Programs
The organisation’s vision is to impart technical training to facilitate holistic development of youth. VETF offers standard courses (1 Year at campus + 2 yrs apprenticeship at industries) and short term courses (3-6 months) in Plumbing, Carpentry, Welding, and Electrical & Processing Plastics.
Eligibility for the standard courses is 10th class pass certificate and for short term courses the applicants should have completed education up to 7th standard.
In addition to technical training, the curriculum includes:
(i) English classes so that trainees can communicate, understand and read training material
(ii) Extracurricular activities like cooking, yoga and sports
(iii) A protocol on 'cleanliness' of 'work places' & 'hostel'
VETF trainees are most suited to roles in machine shops for auto parts, machine tools, general engineering, process industries or maintenance.
The organisation plans to replicate its model through franchise training centres.
Financials
| Income & Expenditure Statement | |||
| FY 2013 (₹) | FY 2014 (₹) | FY 2015 (₹) | |
| Income | |||
| Government Sources | - | - | - |
| Foreign Sources | - | - | - |
| Institutional Sources | - | - | - |
| General Donations | - | - | - |
| Sales/Fees | 3,011,525 | 4,162,559 | 8,505,938 |
| Interest/Dividend | 21,097 | 854,894 | 924,801 |
| Other Income | - | - | - |
| Total Income (A) | 3,032,622 | 5,017,453 | 9,430,739 |
| Expenditure | |||
| Direct Program Activities | 1,877,853 | 2,805,922 | 2,528,876 |
| Program Staff Cost | 588,266 | 1,321,685 | 1,530,106 |
| Travel Expenses | 57,989 | 148,769 | 76,641 |
| Direct Program Expenses | 2,466,119 | 4,127,607 | 4,058,982 |
| Fund Raising Expenses | - | - | - |
| General Staff Cost | - | - | - |
| Overhead Expenses | 188,067 | 410,064 | 152,172 |
| Depreciation | 249,482 | 254,682 | 236,660 |
| Other Expenses/Transfers | - | - | - |
| Total Expenditure (B) | 2,961,657 | 4,941,122 | 4,524,455 |
| Surplus / Deficit (A-B) | 70,965 | 76,331 | 4,906,284 |
| Balance Sheet | |||
| FY 2013 (₹) | FY 2014 (₹) | FY 2015 (₹) | |
| Assets | |||
| Fixed Assets | 24,743,964 | 77,080,707 | 76,852,047 |
| Current Assets | 1,054,461 | 853,219 | 1,399,394 |
| Cash And Bank | 10,312,611 | 10,346,197 | 11,200,636 |
| Total Current Assets | 36,111,036 | 88,280,123 | 89,452,077 |
| Investments | 180,000 | 10,195,000 | 20,216,320 |
| Accumulated Deficits | - | - | - |
| Total Assets | 36,291,036 | 98,475,123 | 109,668,397 |
| Liabilities | |||
| Trust Corpus | 31,173,000 | 42,708,000 | 48,429,001 |
| General Funds | 2,848,654 | 2,924,985 | 7,831,269 |
| Earmarked Funds | - | 52,452,500 | 52,452,500 |
| Unutilized Grants | - | - | - |
| Total | 34,021,654 | 98,085,485 | 108,712,770 |
| Loans | - | - | - |
| Loans (From Members) | - | - | - |
| Current Liabilities | 2,269,382 | 389,638 | 955,627 |
| Other Liabilities | - | - | - |
| Total Liabilities | 36,291,036 | 98,475,123 | 109,668,397 |
| Financial Notes |
|
1) Sales/Fees are from Students training receipts and training material sold to students.
2) Electricity charges and Institute maintenance have been included in Direct Programme Expenses. 3) Professional charges included in Programme Staff Cost. 4) In FY14, Land Revaluation Reserve has been created and taken under Earmarked Funds. |
Additional Information
| FY 2013 (₹) | FY 2014 (₹) | FY 2015 (₹) | |
| Beneficiary Details | |||
| Direct Beneficiaries (nos.) | 24 | - | - |
| Indirect Beneficiaries (nos.) | - | - | - |
| Average Cost per Direct Beneficiary (₹) | - | - | - |
| Staff Details | |||
| No. of Staff | 7 | - | - |
| Number of Consultants | 8 | - | - |
| Number Of Volunteers | 6 | - | - |
| Total | 21 | - | - |
| Highest Paid Full-Time Staff (₹ p.a.) | 237,800 | - | - |
| Lowest Paid Full-Time Staff (₹ p.a.) | 60,000 | - | - |
Financial Overview:
Income and Expenses
Peer Comparison
| NGO Name | Sector | Sub Sector | Location | % Spent on Beneficiaries | Income (₹) | Expense (₹) | FY |
| Rural Human Development Centre (RHDC) | Livelihood | Self Help Groups - Women | Punjab | 99 | 247,082 | 242,708 | 2013 |
| AROHA Multipurpose Society | Livelihood | Self Help Groups - Women | Maharashtra | 99 | 1,317,812 | 1,288,168 | 2014 |
| United Artists' Association | Livelihood | Community Development | Orissa | 99 | 16,173,469 | 15,919,916 | 2014 |
| Gramin Evam Samajik Vikas Sansthan (GSVS) | Livelihood | Skill Development | Rajasthan | 99 | 39,974,347 | 39,466,936 | 2021 |
| Janmitram Kalyan Samiti | Livelihood | Agriculture | Chhattisgarh | 99 | 17,539,883 | 18,920,699 | 2013 |
| Virs Educational and Training Foundation (VETF) | Livelihood | Vocational Training | Telangana | 91 | 9,430,739 | 4,524,455 | 2015 |
