Summary
Yashodhan Education Trust
 
Education
School
Estd: 1979
Used for Beneficiaries: 88%
Address : Shastri Nagar No. 2, Near Pipeline, Pokharan Rd. No.1, Opp. N. G. Vihar, Thane 400606. Maharashtra
Email :  yashodhan_school@yahoo.co.in
Web-site : www.yetschool.com
Telephone : +91 22 25885437
Donor Contact : Mr. Purushottam Yadav / +91 9867600507 / yashodhan_school@yahoo.co.in
Financial Score
Rs, Y/E March 31
Income & Expenditure Statement201320142015
Income From
Government Sources000
Institutional Sources000
Foreign Sources3,311,6601,004,263176,098
Donations36,000362,672288,355
Sales/Fees2,983,1654,414,2315,278,857
Interest/Dividend446,079525,621735,562
Other Income16,90114,8602,100
Total Income (A)6,793,8056,321,6476,480,972
Expenses For
Direct Programme Activities467,642515,445580,413
Programme Staff Cost3,394,3813,209,9323,309,217
Travel Expenses38,81245,01045,432
Direct Programme Expenses3,900,8353,770,3873,935,062
Fund Raising Expenses17,8159,32512,450
General Staff Cost000
Overhead Expenses265,441370,186190,283
Depreciation369,651353,020317,680
Other Expenses/Transfer000
Total Expenditure (B)4,553,7424,502,9184,455,475
Surplus / (Deficit) (A-B)2,240,0631,818,7302,025,497
Balance Sheet201320142015
Assets
Fixed Assets3,580,7353,337,1703,133,872
Current Assets (excl. Cash)65,29566,6961,040,599
Cash/Bank 586,1991,038,5981,677,538
Investments5,816,0116,660,4407,727,524
Accumulated Deficits000
Total Assets10,048,24011,102,90413,579,533
Liabilities
Corpus / Share Capital302,242302,242302,242
General Funds5,205,2428,614,26310,639,760
Earmarked Funds3,435,4732,021,4822,243,882
Loans000
Current Liabilities1,105,283164,918393,650
Total Liabilities10,048,24011,102,90413,579,533
Other Details201320142015
Direct Beneficiaries (Nos)1,084N.A.N.A.
Indirect Beneficiaries (Nos)N.A.N.A.N.A.
Cost Per Direct Beneficiary (Rs) - Avg. 3,860N.A.N.A.
Number of Staff44N.A.N.A.
Highest Salary (Rs p.a.)168,972N.A.N.A.
Lowest Salary (Rs p.a.)18,000N.A.N.A.
Regd. under : The Bombay Public Trust Act, 1950
Auditor : J. S. Shetty & Co.
Bankers : Canara Bank

Donor tax benefits : 80G 50%
Eligible for foreign donations : Expired

Trustees/Directors/Managing Committee:
Mr. Rajgopalan Iyangar, Founder Mr. P. M. Yadav, Chairman
Mr. D. P. Khatu, Secretary Mr. R. A. Kovale, Treasurer
Mr. J. L. Raut, Member Mr. P. V. Patil, Member
Mr. K. M. Yadav, Member Mr. Ajay Raut, Member

Source : Audit Report 2015

Financial Note : 1) Support received for staff salaries from foreign parties shown under Foreign Sources. 2) Sales/Fees include school fees and computer education fees. 3) Direct Programme Activities include overheads like printing & stationery and electricity incurred for running the School. 4) Advertisement expenses shown under Fund Raising Expenses. 5) Building Fund shown under Earmarked Funds.

NGO Profile :
Yashodhan Education Trusts (YET) was established with the objective to provide a good quality education to slum dwellers children at a nominal charge.

Their objectives are:

  • To improve the quality and standard of education to be imparted to students.
  • To motivate teachers in order to enhance students interest in studies and introduce a new evaluation system for improving the quality of education.

The key achievements by YET in the past 35 years include:

  • The High School educates children from kindergarten to standard ten in English and Marathi medium.
  • 1,000 students are currently enrolled at the school.
  • The school employs 45 Teaching and Non-Teaching Staff.
  • The school is equipped with Science Laboratories, Computer Room, PT Room and Library. Medical Check-ups and Health Camps are conducted at the school.
  • The Trust has received permission to establish a Junior College in Arts and Commerce.

Historically, the School has operated through the income generated through school fees, which is low. YET requires government support and financial aid to pursue its twin aims of increasing school capacity and offering higher education. They are currently planning to extend their outreach by building another school in Thane. YET is looking to higher secondary school with increased divisions in each year in order to benefit as many students as possible. They are looking for support from NGOs, institutions, companies or foreign NGOs for the same.