Summary
Anant Education Initiative
 
Education
Scholarships
Estd: 2011
Used for Beneficiaries: 91%
Address : Infinity Tower II, 13th floor, Plot A3, Block GP, Sector V Salt Lake, Kolkata 700091. West Bengal
Email : info@ananteducation.org
Web-site : www.ananteducation.org
Telephone : +91 03340050410
Donor Contact : Ms. Sushmita Mandal / +919874316203 / smandal@ananteducation.org
Financial Score
Rs, Y/E March 31
Income & Expenditure Statement201320142015
Income From
Government Sources000
Institutional Sources000
Foreign Sources000
Donations40,450,35931,604,2448,898,641
Sales/Fees000
Interest/Dividend1,040420315,106
Other Income0085,398
Total Income (A)40,451,39931,604,6649,299,145
Expenses For
Direct Programme Activities22,682,53625,171,5007,412,500
Programme Staff Cost1,877,4992,041,2361,623,871
Travel Expenses518,39622,30922,040
Direct Programme Expenses25,078,43127,235,0459,058,411
Fund Raising Expenses4,055,649372,02122,736
General Staff Cost000
Overhead Expenses7,598,9771,563,708850,804
Depreciation000
Other Expenses/Transfer000
Total Expenditure (B)36,733,05729,170,7749,931,951
Surplus / (Deficit) (A-B)3,718,3422,433,890-632,806
Balance Sheet201320142015
Assets
Fixed Assets000
Current Assets (excl. Cash)0186,450296,515
Cash/Bank 2,393,9066,443,9261,196,987
Investments003,000,000
Accumulated Deficits000
Total Assets2,393,9066,630,3764,493,502
Liabilities
Corpus / Share Capital101,000101,000101,000
General Funds1,823,4724,257,3623,624,556
Earmarked Funds000
Loans000
Current Liabilities469,4342,272,014767,946
Total Liabilities2,393,9066,630,3764,493,502
Other Details201320142015
Direct Beneficiaries (Nos)N.A.N.A.1,235
Indirect Beneficiaries (Nos)N.A.N.A.5,558
Cost Per Direct Beneficiary (Rs)N.A.N.A.8,042
Number of Staff24118
Highest Salary (Rs p.a.)N.A.N.A.N.A.
Lowest Salary (Rs p.a.)N.A.N.A.N.A.
Regd. under : The Indian Trust Act, 1882
Auditor : Kapoor Mehrotra & Associates
Bankers : ICICI Bank

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

Trustees/Directors/Managing Committee:
Mr. Ayush Goenka, Trustee
Ms. Kalyan Kar, Trustee

Source : Audit Report 2015

Financial Note : 1) Direct Program Expenses are mainly scholarships awarded to deserving students. 2) Promotional expenses taken under Fund Raising Expenses.

NGO Profile :
Anant Education Initiative (AEI) was established with the aim of empowering education by eliminating obstacles born out of poverty, thus creating new footprints of knowledge within society. AEI has tied up with Akshaya Patra to provide financial merit scholarships to deserving and meritorious students from Akshaya Patra schools so that they can pursue their higher studies and build a suitable career. AEI awarded 500 scholarships to these students across India in 2012.

AEI’s goal is to not only offer Rs6,000 per selected student every year through the scholarship programme, but to also offer vocational training, motivational workshops, soft skills training, and use every other tool for all round development of their scholars, to make them ready for the job market. AEI intends to give a minimum of 50% of the scholarships to girl students and also gives scholarships to physically challenged students. So far, they have provided scholarships to more than 5,000 meritorious students and aim to reach out to 100,000 students by the year 2020. 



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