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Virs Educational and Training Foundation (VETF)

Sector: Livelihood
Sub Sector: Vocational Training
Tax Deduction: 50% u/s 80G of The Income Tax Act, 1961
FCRA:

UN Sustainable Development Goals:
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% Spent on Beneficiaries

91%
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 : 2001
Registered Address : Plot No. 989, Road No. 50, Jubilee Hills, Hyderabad 500033, Telangana
Presence :
Website : https://N. A.
Email : ashokvir@kaalmannsgroup.com
Telephone : +91 40 23096753
Donor Contact : Mr. Ashok Kumar Vir / +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

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.

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
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
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.
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 - -
NGO Name Sector Sub Sector Location % Spent on Beneficiaries Income (₹) Expense (₹)
Kherwadi Social Welfare Association (Yuva Parivartan) Livelihood Vocational Training Maharashtra 95 163,087,824 162,476,171
arr4
Sumruddhi Trust Livelihood Self Help Groups - Women Maharashtra 93 688,559 703,700
Virs Educational and Training Foundation (VETF) Livelihood Vocational Training Telangana 91 9,430,739 4,524,455
Sita Devi Foundation Livelihood Financial Inclusion Delhi 91 1,357,079 1,343,079
arr2
Virs Educational and Training Foundation (VETF) Livelihood Vocational Training Telangana 91 9,430,739 4,524,455
Sita Devi Foundation Livelihood Financial Inclusion Delhi 91 1,357,079 1,343,079
arr2
ETASHA Society Livelihood Vocational Training Delhi 80 37,693,394 55,052,696
arr3
Outreach Association of Volunteers for Rural Development Livelihood Comprehensive Karnataka 79 24,575,785 26,071,792


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