HelpYourNGO - Education - Mugavari-Foundation

Mugavari Foundation

Sector: Education
Sub Sector: Hostel
Tax Deduction: 50% u/s 80G of The Income Tax Act, 1961
FCRA:

UN Sustainable Development Goal:
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% Spent on Beneficiaries

92%
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.

Year of Establishment : 2011
Registered Address : 66/9, Amma Free Mahal, Kannagi Street, Kamarajapuram, Velachery, Chennai 600042, Tamil Nadu
Presence :
Website : https://www.mugavarifoundation.org
Email : mugavarifoundation@gmail.com
Telephone : +91 44 22551235; +91 9566150942
Donor Contact : Mr. K. Ramesh / +91 9840030942 / mugavariramesh@gmail.com
Registered Under : The Indian Trust Act, 1882
The Tamilnadu Societies Registration Act, 2011
Auditor : G. Ranganathan
Bankers : State Bank of India
Trustees/Directors/Managing Committee: : Mr. K. Ramesh - Founder & Managing Trustee, Mr. D. Sundaramoorthy - Trustee, Mr. R. Saravanan - Trustee, Mr. D. Jaisankar - Trustee, Ms. Gowri Krishnamoorthi - Trustee, Ms. Suseendra Balamurugan - Trustee, Ms. Sangeetha Mohanavel - Trustee, Dr. Parimala Krishnamurthy - Trustee

During FY14 Mugavari Foundation accommodated 40 new students. Of these 30 joined professional courses and 10 students are preparing for civil services. Besides these, more than 100 existing student beneficiaries through Mugavari continue to get support. In addition to smaller donors, Mugavari continues to benefit from food and accommodation facilities from their long time patron, Mr. Duraisamy of the Manidhanaeyam Charitable Trust. As of today there are 232 students who have been taken care of by Mugavari with the help of more than 133 sponsors and 7 Vanavil Students.

Vanavil (Tamil for rainbow) is an Alumni programme through which ex-students students who have benefitted from the Mugavari Foundation are encouraged to give back. These students contribute 7% of their income to Mugavari to help fund for their education programme 

FY 2019 (₹) FY 2020 (₹) FY 2021 (₹)
Income
Government Sources - - -
Foreign Sources - - -
Institutional Sources - - -
General Donations 8,390,831 10,211,411 10,450,317
Sales/Fees - - -
Interest/Dividend 1,931 959 3,994
Other Income - - -
Total Income (A) 8,392,762 10,212,370 10,454,311
 
Expenditure
Direct Program Activities 7,387,507 9,134,190 8,621,457
Program Staff Cost - - -
Travel Expenses 93,715 136,944 214,956
Direct Program Expenses 7,387,507 9,134,190 8,621,457
Fund Raising Expenses 51,762 - -
General Staff Cost 418,000 559,000 297,500
Overhead Expenses 546,757 465,716 434,061
Depreciation 25,012 25,430 24,957
Other Expenses/Transfers - - -
Total Expenditure (B) 8,522,754 10,321,280 9,592,930
 
Surplus / Deficit (A-B) -129,992 -108,910 861,381
Assets
Fixed Assets 143,507 188,666 163,709
Current Assets 140,000 100,000 100,000
Cash And Bank 168,356 35,787 52,126
Total Current Assets 451,863 324,453 315,835
Investments - - -
Accumulated Deficits 436,637 545,547 -
Total Assets 888,500 870,000 315,834
 
Liabilities
Trust Corpus - - -
General Funds - - 315,834
Earmarked Funds - - -
Unutilized Grants - - -
Total - - 315,834
Loans 888,500 870,000 -
Loans (From Members) - - -
Current Liabilities - - -
Other Liabilities - - -
Total Liabilities 888,500 870,000 315,834
1) Program Staff Cost for FY15 onwards is not reported separately. We can assume that this component is included under Direct Program Activities.
2) Fund Raising Expense includes advertisement expense.
FY 2019 FY 2020 FY 2021
Beneficiary Details
Direct Beneficiaries (nos.) - - -
Indirect Beneficiaries (nos.) - - -
Average Cost per Direct Beneficiary (₹) - - -
Staff Details
No. of Staff - - -
Number of Consultants - - -
Number Of Volunteers - - -
Total - - -
Highest Paid Full-Time Staff (₹ p.a.) - - -
Lowest Paid Full-Time Staff (₹ p.a.) - - -
NGO Name Sector Sub Sector Location % Spent on Beneficiaries Income (₹) Expense (₹)
Foundation For Excellence India Trust (FFEIT) Education Scholarships Karnataka 99 524,991,566 525,991,417
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Vidya & Child (Project under JPNMT) Education Learning Centre Uttar Pradesh 96 63,435,653 49,730,610
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Christel House India Education School Karnataka 93 199,631,000 209,555,000
Mugavari Foundation Education Hostel Tamil Nadu 92 10,454,311 9,592,930
Indian Dreams Foundation (IDF) Education Learning Centre Uttar Pradesh 75 1,415,740 1,400,398
arr4
Nabadwip Bakultala Vidyalaya Praktan Chhatra Sammilanee (NBVPCS) Education School West Bengal 62 1,805,618 2,329,936


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