HelpYourNGO - Education - Umang-Foundation

Umang Foundation

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

UN Sustainable Development Goals:
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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 : 2008
Registered Address : 1506/7, Ruby, Nirmal Lifestyles, Mulund (W), Mumbai 400080, Maharashtra
Presence : Maharashtra
Website : https://www.umangfoundation.org
Email : umang.ashish@gmail.com
Telephone : +91 22 25900222
Donor Contact : Mr. Ashish Goyal / +91 9819940222 / ashish@umangfoundation.org
Registered Under : The Bombay Public Trust Act, 1950
Auditor : Nirbhik Agarwal & Co.
Bankers : ICICI Bank, State Bank of India (FCRA)
Trustees/Directors/Managing Committee: : Mr. Ashish Goyal - Founder & Managing Trustee, Mr. Akshay Shah - Trustee, Mr. Pankaj Shah - Trustee, Ms. Pooja Goyal - Trustee

Umang Foundation strongly believes that ‘there’s more to life…’ more than office, home and work towards the happiness and content of the less fortunate section of society. The NGO is engaged in provides an opportunity to all those inclined to serve society and make a difference. It organizes social activities for many corporates who participate in blood donation drives, collection of clothes and distribution among tribal villagers, celebration of remarkable national days and many festivals with the orphan, street children and elders at old age homes, providing education material to thousands of children and many such activities in their bid to be agents of dynamic change.

Major Interventions:                                                                                             

Education Promotion: The idea behind providing free Notebooks, Textbooks, School Uniforms, Bags, Stationery & Scholarships under their “Promote Education – Ek Kadam Ujjwal Bhavishya Ki Aur” program.

Recreational Activities for Children: The NGO have been conducting many events for children and celebrated every special day with the kids like New Year, Republic Day, Independence Day, Children Day and others. It has also organized Magic shows, Drawing competition, Dance competition, Games & other events for the children. It not only tries to bring about joy in their lives, but also appreciate the talents they possess, that they usually do not get a chance to display. The NGO also takes kids from the slums of Mumbai to tour corporate offices including a visit to Mumbai International and Domestic Airport. Through its set of recreational activities, Umang Foundation tries to bring these young minds out of their routine life even if just for a day.

Social Activities: Umang Foundation supports causes which helps to encourage better conditions at tribal villages by initiating Clothes distribution drives, free health check-ups etc. in the interiors of villages in Maharashtra. They also look to improve the physical and mental standing of senior citizens at Old age homes by organizing collaborative events during festivals to stimulate social bonding. The NGO has been conducting numerous drives in the hope of a cleaner India.  

Health Support and Camps: Umang has managed to organize many initiatives like free health check-ups, blood donation camps, events for cancer patients, eye care awareness camps etc. A major factor for the success of these activities is the active involvement of doctors, hospitals and corporate houses.

FY 2020 (₹) FY 2021 (₹) FY 2022 (₹)
Income
Government Sources - - -
Foreign Sources 9,108,535 29,339 154,642
Institutional Sources - - -
General Donations 2,212,830 1,341,624 1,708,448
Sales/Fees - - -
Interest/Dividend 1,138,853 1,935,862 1,719,750
Other Income 47,266 3,010 5,720
Total Income (A) 12,507,484 3,309,835 3,588,560
 
Expenditure
Direct Program Activities 10,108,826 1,080,219 1,090,631
Program Staff Cost - - -
Travel Expenses 775 - -
Direct Program Expenses 10,108,826 1,080,219 1,090,631
Fund Raising Expenses - - -
General Staff Cost 25,000 - -
Overhead Expenses 388,542 328,993 98,751
Depreciation - - -
Other Expenses/Transfers - - -
Total Expenditure (B) 10,523,144 1,409,212 1,189,382
 
Surplus / Deficit (A-B) 1,984,341 1,900,623 2,399,178
Assets
Fixed Assets 567,655 567,655 567,655
Current Assets 656,689 1,703,774 1,575,951
Cash And Bank 12,013,134 1,645,068 15,120,499
Total Current Assets 13,237,478 3,916,497 17,264,105
Investments 11,367,566 22,959,096 12,473,516
Accumulated Deficits - - -
Total Assets 24,605,045 26,875,593 29,737,621
 
Liabilities
Trust Corpus 6,041,491 6,449,079 6,911,929
General Funds 18,496,391 20,397,014 22,796,191
Earmarked Funds - - -
Unutilized Grants - - -
Total 24,537,882 26,846,093 29,708,120
Loans - - -
Loans (From Members) - - -
Current Liabilities 67,163 29,500 29,501
Other Liabilities - - -
Total Liabilities 24,605,045 26,875,593 29,737,621
1) The NGO has provided overall amounts spent on various programmes, but not a detailed breakdown.
2) More than 80% of the Direct Programme Activities are on Education.
3) Overhead Expenses include Professional fees.
FY 2020 FY 2021 FY 2022
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 (₹)
Online Donation 7,000
Total Funds Raised 7,000
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
arr4
Umang Foundation Education Services Maharashtra 97 3,588,560 1,189,382
Atulya Vikash Education Services Jharkhand 97 333,630 333,127
Umang Foundation Education Services Maharashtra 97 3,588,560 1,189,382
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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