HelpYourNGO - Education - H-M-Charitable-Trust

H M Charitable Trust

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

% Spent on Beneficiaries

100%
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 : 42, Navketan Industrial Estate, Mumbai 400093, Maharashtra
Presence :
Website : https://www.hmgroupindia.com/p/hm-charitable-trust.html
Email : hmtrust@hmgroupindia.com
Telephone : +91 66756001
Donor Contact : Mr. Haresh Mehta / hmtrust@hmgroupindia.com
Registered Under : The Bombay Public Trust Act, 1950
Auditor : Dalal Doctor & Associates
Bankers : HDFC Bank, State Bank of Mysore
Trustees/Directors/Managing Committee: : Mr. Haresh R Mehta - Trustee, Ms. Prassana H Mehta - Trustee

HMCT extends financial assistance to students who have secured a minimum of 60% in their examinations and come from financially deprived background. Applications are collected at the beginning of the academic year and eligible students are short-listed for financial assistance. Students’ fees are paid directly to the institutes where they are studying. In order to ensure that the parents are serious and uncompromising, parents of eligible students have to contribute two months’ fees as well.

HMCT has supported over 3,000 students since their inception, providing a total of Rs12,701,523 since their inception in 2001. They monitor students’ performance regularly, and they have to maintain an average of 60% in their exams to continue to be eligible for assistance.

FY (₹) FY 2011 (₹) FY 2012 (₹)
Income
Government Sources - - -
Foreign Sources - - -
Institutional Sources - - -
General Donations - 150,000 1,450,000
Sales/Fees - - -
Interest/Dividend - 37,293 38,546
Other Income - 55,507 -
Total Income (A) - 242,800 1,488,546
 
Expenditure
Direct Program Activities - 1,258,280 1,478,865
Program Staff Cost - - -
Travel Expenses - - -
Direct Program Expenses - 1,258,280 1,478,865
Fund Raising Expenses - - -
General Staff Cost - - -
Overhead Expenses - - -
Depreciation - - -
Other Expenses/Transfers - - -
Total Expenditure (B) - 1,258,280 1,478,865
 
Surplus / Deficit (A-B) - -1,015,480 9,681
Assets
Fixed Assets - - -
Current Assets - 36,419 34,802
Cash And Bank - 103,030 514,329
Total Current Assets 0 139,449 549,131
Investments - 446,608 46,608
Accumulated Deficits - 6,948,943 6,939,261
Total Assets - 7,535,000 7,535,000
 
Liabilities
Trust Corpus - 7,535,000 7,535,000
General Funds - - -
Earmarked Funds - - -
Unutilized Grants - - -
Total - 7,535,000 7,535,000
Loans - - -
Loans (From Members) - - -
Current Liabilities - - -
Other Liabilities - - -
Total Liabilities - 7,535,000 7,535,000
NA
FY FY 2011 FY 2012
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.) - - -
Services Funds Raised (₹)
Contest 10,000
Total Funds Raised 10,000
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
Atulya Vikash Education Services Jharkhand 97 333,630 333,127
Foundation For Excellence India Trust (FFEIT) Education Scholarships Karnataka 95 658,104,660 660,524,997
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Vidya & Child (Project under JPNMT) Education Learning Centre Uttar Pradesh 91 53,857,742 62,289,896
K.C. Mahindra Education Trust Education Girl Child Maharashtra 85 1,339,741,000 1,344,351,000
arr3
Atma Education Trust Education Services Maharashtra 76 19,739,697 17,160,220
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