Summary
Malenadu Education and Rural Development Society
Education
School and Vocational Training
Estd: 1998
Used for Beneficiaries: 100% *
Address : Opp. Satkar Hotel, Ekalvya, 2nd Floor, Madukara Building, Sirsi 581401. Karnataka
Email :  meardsociety@gmail.com
Web-site : www.chandanaschool.org
Telephone : +91 8384 279319
Donor Contact : Mr. L. M. Hegde / +91 9448649730 / meardsociety@gmail.com
Financial Score
Rs, Y/E March 31
Income & Expenditure Statement201420152016
Income From
Government Sources1,039,675341,826427,935
Institutional Sources100,00006,000,000
Foreign Sources000
Donations171,5002,026,916195,550
Sales/Fees2,405,0932,944,4883,888,635
Interest/Dividend3,5477,12715,556
Other Income000
Total Income (A)3,719,8155,320,35710,527,676
Expenses For
Direct Programme Activities1,723,4732,967,2464,830,949
Programme Staff Cost1,991,525039,750
Travel Expenses000
Direct Programme Expenses3,714,9982,967,2464,870,699
Fund Raising Expenses000
General Staff Cost000
Overhead Expenses7,055011,179
Depreciation587,9781,184,444969,952
Other Expenses/Transfer000
Total Expenditure (B)4,310,0314,151,6905,851,830
Surplus / (Deficit) (A-B)-590,2161,168,6684,675,846
Balance Sheet201420152016
Assets
Fixed Assets5,464,0626,904,7866,420,836
Current Assets (excl. Cash)000
Cash/Bank 107,885306,7986,222,187
Investments40,00040,00040,000
Accumulated Deficits000
Total Assets5,611,9477,251,58412,683,023
Liabilities
Corpus / Share Capital000
General Funds3,411,7154,571,3529,988,791
Earmarked Funds000
Loans2,200,2322,680,2322,694,232
Current Liabilities000
Total Liabilities5,611,9477,251,58412,683,023
Other Details201420152016
Direct Beneficiaries (Nos)12,50013,00015,000
Indirect Beneficiaries (Nos)10,90014,00018,000
Cost Per Direct Beneficiary (Rs) - Actual3,0003,0003,500
Number of Staff404553
Highest Salary (Rs p.a.)144,000156,000204,600
Lowest Salary (Rs p.a.)48,00048,00048,000
Note: * Adjusted. Depreciation is more than 10% of total expenses and is excluded while calculating the proportion of expenses 'Used for Beneficiaries'
Regd. under : The Bombay Public Trust Act, 1950
Auditor : M. B. Kadkol & Co.
Bankers : Corporation Bank
Syndicate Bank

Donor tax benefits : 80G 50%
Eligible for foreign donations : Expired

Trustees/Directors/Managing Committee:
Mr. G. N. Hegde, Chairman Ms. S. R. Hegde, Vice Chairperson
Mr. L. M. Hegde, Secretary Mr. Ashok Bhat, Treasurer
Dr. Ramesh, Trustee Mr. K. R. Prakash, Trustee
Mr. L. S. Bhat, Trustee

Source : Audit Report 2016

Financial Note : 1) Grant from Supraja Foundation (Rs60 lakhs) in FY16 shown under Institutional Sources. 2) Sales/Fees include fees received from Chandana School and Eklavya Centre. 3) From FY15, the NGO has provided overall amounts spent on each of its programs, but has not given a detailed breakdown. 4) Direct Program Activities include overheads like electricity, printing/stationery pertaining to programs.

NGO Profile :
Malenadu Education and Rural Development Society (MEARDS) was established in 1998 to promote over-all development of children in a child-centric ambience. Their activities mainly take place in North Kannada district of Karnataka.

Some of their activities are as follows:

  • Chandana School for Children: The NGO's aim is to impart entrepreneurial, vocational, and activity-based education to students from early childhood to matriculation. The trustees believe that education should be interesting, meaningful and that financial constraints should not be a hurdle for getting proper education.  The organisation also runs a pre-primary school under the same name. Besides academics, they also conduct outdoor sports and games, have an interactive science centre and audio-visual methods to encourage different ways of learning. The children are also encouraged to participate in extracurricular activities such as dancing and speech competitions. MEARDS also has a Science Centre with the financial support of Deshpande Foundation in Hubli to provide science training to the teachers and students, especially from government schools.
  • Eklavya Computer Centre: The centre provides soft and technical skills training especially in leadership, communication and computer knowledge in order to enable the underprivileged in the area. They have 4 centres currently with around 250 students. The centre also conducts functional English workshops, a mobile library to facilitate better communication skills, and personality development.