HelpYourNGO - Education - Anant-Education-Initiative

Anant Education Initiative

Sector: Education
Sub Sector: Scholarships
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 : 2011
Registered Address : Infinity Tower II, 13th floor, Plot A3, Block GP, Sector V Salt Lake , Kolkata 700091, West Bengal
Presence :
Website : https://www.ananteducation.org
Email : info@ananteducation.org
Telephone : +91 03340050410
Donor Contact : Ms. Sushmita Mandal / +919874316203 / smandal@ananteducation.org
Registered Under : The Indian Trust Act, 1882
Auditor : Kapoor Mehrotra & Associates
Bankers : ICICI Bank
Trustees/Directors/Managing Committee: : Mr. Ayush Goenka - Trustee, Ms. Kalyan Kar - Trustee

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. 

FY 2013 (₹) FY 2014 (₹) FY 2015 (₹)
Income
Government Sources - - -
Foreign Sources - - -
Institutional Sources - - -
General Donations 40,450,359 31,604,244 8,898,641
Sales/Fees - - -
Interest/Dividend 1,040 420 315,106
Other Income - - 85,398
Total Income (A) 40,451,399 31,604,664 9,299,145
 
Expenditure
Direct Program Activities 22,682,536 25,171,500 7,412,500
Program Staff Cost 1,877,499 2,041,236 1,623,871
Travel Expenses 518,396 22,309 22,040
Direct Program Expenses 24,560,035 27,212,736 9,036,371
Fund Raising Expenses 4,055,649 372,021 22,736
General Staff Cost - - -
Overhead Expenses 7,598,977 1,563,708 850,804
Depreciation - - -
Other Expenses/Transfers - - -
Total Expenditure (B) 36,733,057 29,170,774 9,931,951
 
Surplus / Deficit (A-B) 3,718,342 2,433,890 -632,806
Assets
Fixed Assets - - -
Current Assets - 186,450 296,515
Cash And Bank 2,393,906 6,443,926 1,196,987
Total Current Assets 2,393,906 6,630,376 1,493,502
Investments - - 3,000,000
Accumulated Deficits - - -
Total Assets 2,393,906 6,630,376 4,493,502
 
Liabilities
Trust Corpus 101,000 101,000 101,000
General Funds 1,823,472 4,257,362 3,624,556
Earmarked Funds - - -
Unutilized Grants - - -
Total 1,924,472 4,358,362 3,725,556
Loans - - -
Loans (From Members) - - -
Current Liabilities 469,434 2,272,014 767,946
Other Liabilities - - -
Total Liabilities 2,393,906 6,630,376 4,493,502
1) Direct Program Expenses are mainly scholarships awarded to deserving students.
2) Promotional expenses taken under Fund Raising Expenses.
FY 2013 FY 2014 FY 2015
Beneficiary Details
Direct Beneficiaries (nos.) - - 1,235
Indirect Beneficiaries (nos.) - - 5,558
Average Cost per Direct Beneficiary (₹) - - -
Staff Details
No. of Staff 24 11 8
Number of Consultants - - -
Number Of Volunteers - 1 1
Total 24 12 9
Highest Paid Full-Time Staff (₹ p.a.) - - -
Lowest Paid Full-Time Staff (₹ p.a.) - - -
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
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Foundation For Excellence India Trust (FFEIT) Education Scholarships Karnataka 99 524,991,566 525,991,417
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K.C. Mahindra Education Trust Education Girl Child Maharashtra 98 614,759,638 549,054,075
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Atulya Vikash Education Services Jharkhand 97 333,630 333,127
Anant Education Initiative Education Scholarships West Bengal 91 9,299,145 9,931,951
Atma Education Trust Education Services Maharashtra 76 19,739,697 17,160,220


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