HelpYourNGO - Education - Opportunity-Foundation-Trust-(Avasar)

Opportunity Foundation Trust (Avasar)

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

UN Sustainable Development Goal:
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% Spent on Beneficiaries

97%
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 : 2012
Registered Address : Apurva Kutir, SF-3, Above HDFC Bank, Kadugodi-Hoskote Road , Bengaluru 560067, Karnataka
Presence : Delhi, Gujarat, Karnataka
Website : https://www.avasar.org
Email : info@avasar.org
Telephone : +91 9701122996
Donor Contact : Satya Lakshmi / 9483501003 / anand@avasarfoundation.in
Registered Under : The Indian Trust Act, 1882
Auditor : Jyothsna & Associates
Bankers : ICICI Bank
Trustees/Directors/Managing Committee: : Mr. Anand Chaturvedi - Founder & Managing Trustee, Mr. S. N. Sriram - Co-Founder & Trustee, Mr. Benoy Tharakan - Founder Donor, Mr. Durgaprasad Pejathaya - Founder Donor, Mr. Sudesh Bhagat - Founder Donor

The organisation’s program details are as follows:

Scholarship Program:  Avasar sponsors a child’s education (school/college fees) for 5 consecutive years which includes 2 Years at Pre-University Course (PUC) and minimum 3 Years at Graduate Level. This covers expenses towards tuition fees, books, stationery, etc.

Digital Literacy: To drive digital literacy in rural communities of India, Avasar Foundation with the help of CSR funding introduced 34 Computer Labs in Government Aided schools with teachers employed at the organization’s payroll in each lab.

Pre-Primary Schools: The Avasar Play Schools for children up to age 6 is a pilot project. The Foundation provides free education, books and uniform to students on first come first serve basis with a customized curriculum and activity based learning.

Graduate to Employee: The transition to college from entering a corporate environment can be difficult because of a change in social norms. Avasar helps the youth and trains them for such situations with Business Communication, Presentation Skills, Interpersonal and Team Skills, etc.  

Training & Development: The Foundation provides employability training to young girls with Microsoft Digital Literacy, Job Readiness and Spoken English. So far, Avasar has trained more than 500 girls.

Avasar is a member of World Association of NGOs and GuideStar International and receives financial as well as non-financial support from NASSCOM Foundation, Google Adwords Grant and Eagle Conferencing. Expeditors International India Pvt. Ltd. appointed Avasar as the Implementation Agency for its CSR program in 2016.

FY 2020 (₹) FY 2021 (₹) FY 2022 (₹)
Income
Government Sources - - -
Foreign Sources 2,212,939 2,159,625 2,622,778
Institutional Sources 9,522,635 24,740,492 29,067,172
General Donations 1,391,823 4,331,238 3,998,384
Sales/Fees - - -
Interest/Dividend 471,415 340,300 542,776
Other Income 675 445 -
Total Income (A) 13,599,487 31,572,100 36,231,110
 
Expenditure
Direct Program Activities 12,679,065 23,188,666 43,495,727
Program Staff Cost - - -
Travel Expenses 10,830 27,615 28,083
Direct Program Expenses 12,679,065 23,188,666 43,495,727
Fund Raising Expenses 13,041 21,489 11,280
General Staff Cost 616,207 713,657 602,754
Overhead Expenses 803,488 462,016 599,093
Depreciation 96,635 118,005 174,510
Other Expenses/Transfers 4,264,469 - -
Total Expenditure (B) 18,483,735 24,531,448 44,911,447
 
Surplus / Deficit (A-B) -4,884,248 7,040,652 -8,680,337
Assets
Fixed Assets 552,257 434,252 697,103
Current Assets 94,179 1,741,077 184,277
Cash And Bank 3,848,773 8,557,436 1,747,764
Total Current Assets 4,495,209 10,732,765 2,629,144
Investments 3,834,205 4,923,177 4,054,527
Accumulated Deficits 5,176,305 - -
Total Assets 13,505,719 15,655,942 6,683,671
 
Liabilities
Trust Corpus 100,000 100,000 100,000
General Funds - 3,674,179 3,493,842
Earmarked Funds 13,309,832 11,500,000 3,000,000
Unutilized Grants - - -
Total 13,409,832 15,274,179 6,593,842
Loans - - -
Loans (From Members) - - -
Current Liabilities 95,887 381,763 89,829
Other Liabilities - - -
Total Liabilities 13,505,719 15,655,942 6,683,671
1) Fund Raising Expenses includes Promotion Expenses.
2) Transfers to Statutory Reserves shown under Other Expenses/Transfers.
FY 2020 FY 2021 FY 2022
Beneficiary Details
Direct Beneficiaries (nos.) - - -
Indirect Beneficiaries (nos.) - - -
Average Cost per Direct Beneficiary (₹) - - -
Staff Details
No. of Staff - 18 20
Number of Consultants - 2 2
Number Of Volunteers - 5 5
Total - 25 27
Highest Paid Full-Time Staff (₹ p.a.) - 312,000 360,000
Lowest Paid Full-Time Staff (₹ p.a.) - 144,000 168,000
NGO Name Sector Sub Sector Location % Spent on Beneficiaries Income (₹) Expense (₹)
H M Charitable Trust Education Scholarships Maharashtra 100 1,488,546 1,478,865
arr2
Foundation For Excellence India Trust (FFEIT) Education Scholarships Karnataka 99 524,991,566 525,991,417
arr3
K.C. Mahindra Education Trust Education Girl Child Maharashtra 98 614,759,638 549,054,075
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Opportunity Foundation Trust (Avasar) Education Scholarships Karnataka 97 36,231,110 44,911,447
Atulya Vikash Education Services Jharkhand 97 333,630 333,127
Opportunity Foundation Trust (Avasar) Education Scholarships Karnataka 97 36,231,110 44,911,447
Atulya Vikash Education Services Jharkhand 97 333,630 333,127
Atma Education Trust Education Services Maharashtra 76 19,739,697 17,160,220


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