Summary
Parinaam Foundation
 
Women
Empowerment
Estd: 2008
Used for Beneficiaries: 97%
Address : Grape Garden, No.27, 3rd A Cross, 18th Main 6th Block, Koramangala, Bengaluru 560095. Karnataka
Email :  info@parinaam.org
Web-site : www.parinaam.org
Telephone : +91 80 40712121
Donor Contact : Mallika Ghosh / 9980158338 / mallika.ghosh@parinaam.org
Financial Score
Goal 5: Gender Equality
Rs, Y/E March 31
Income & Expenditure Statement201720182019
Income From
Government Sources000
Institutional Sources5,816,5446,035,60521,262,738
Foreign Sources6,524,4547,345,26714,325,796
Donations3,058,3332,736,0083,174,441
Sales/Fees500,0001,900,0002,533,372
Interest/Dividend1,669,92827,41344,197
Other Income03,61771,199
Total Income (A)17,569,25918,047,91041,411,743
Expenses For
Direct Programme Activities12,681,1808,243,44426,040,278
Programme Staff Cost3,771,4069,300,50013,308,515
Travel Expenses429,430384,916545,125
Direct Programme Expenses16,882,01617,928,86039,893,918
Fund Raising Expenses0014,278
General Staff Cost295,42144,276256,277
Overhead Expenses164,833117,258774,050
Depreciation24,09830,062178,251
Other Expenses/Transfer9,0068,7610
Total Expenditure (B)17,375,37418,129,21741,116,774
Surplus / (Deficit) (A-B)193,885-81,307294,969
Balance Sheet201720182019
Assets
Fixed Assets43,0371,270,3761,799,151
Current Assets (excl. Cash)967,1973,716,6924,218,732
Cash/Bank 28,448,24168,070,70733,680,709
Investments8,979,27520,627,18179,940,057
Accumulated Deficits000
Total Assets38,437,75093,684,956119,638,649
Liabilities
Corpus / Share Capital500,000500,000500,000
General Funds22,590,1001,942,2822,237,911
Earmarked Funds14,716,79789,863,617116,479,035
Loans000
Current Liabilities630,8531,379,057421,703
Total Liabilities38,437,75093,684,956119,638,649
Other Details201720182019
Direct Beneficiaries (Nos)160,845N.A.N.A.
Indirect Beneficiaries (Nos)25,000N.A.N.A.
Cost Per Direct Beneficiary (Rs) - Avg. 108N.A.N.A.
Number of Staff25N.A.N.A.
Highest Salary (Rs p.a.)2,499,996N.A.N.A.
Lowest Salary (Rs p.a.)184,776N.A.N.A.
Regd. under : The Companies Act, 1956
Auditor : V. Sridhar & Associates
Bankers : HDFC Bank
Kotak Mahindra Bank

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

Trustees/Directors/Managing Committee:
Mr. Sarosh Ghandy
Ms. Mallika Ghosh
Lt. Gen (Retd.) Arjun Ray
Ms. Maneesha Chadha
Mr. Mohit Bhatnagar
Mr. Ravi Bahl

Source : Audit Report 2019

Financial Note : 1) Bifurcation of income and expenses provided by the NGO from FY17 onwards. 2) In FY15 & FY16, the Notes to Accounts show a higher amount as Foreign Donation as compared to the amount shown in the Income schedule. 3) Prior to FY16, all advance donations (covering more than one financial year) for the Academic Adoption Program (AAP) were recognized as donation in the year of receipt. FY16 onwards, Advance AAP donations received and unspent amounts (total Rs89 lakhs) have been directly taken in the Balance Sheet. 4) Other Income includes Interest on TDS refund. 5) The NGO has provided overall amount spent on various programs, but not a detailed breakdown.

NGO Profile :
Parinaam Foundation has the vision to create sustainable change that will impact the poor and help them lead better lives by providing them critical social services. They operate in 20 states and have helped over half a million people so far.

Their programs include:

  • Diksha Financial Literacy Program: This is Parinaam’s largest program in terms of reach and is designed to give low income families the knowledge and tools (in 12 languages) they need to save safely, reduce financial risk, and make informed, intelligent financial decisions. Parinaam has trained 640,728 women so far, 85% of these graduated the 5-week course. 23,512 opened bank accounts and 66% availed cashless loans. Since its inception, Diksha has covered over 3,70,000 women. Preliminary indications from a 2015 survey assess how Diksha trainees gained: 84% of them were able to save at an average of ₹35,000 in a year; 70% found it easy to use their bank accounts; while 77% are aware of the cashless facility.  
  • Urban Ultra Poor Program: The program aims at tackling generational and familial poverty rather than providing isolated individual female support. The intensive program covers five critical components, namely, Livelihood, Healthcare, Childcare & Education, Social Services and Financial Literacy which are delivered over a period of 12 months, with additional 12 months monitoring, if required. The ultimate goal is to generate a steady income for the participants so they are eligible for microfinance. Since inception in 2009, the program has reached 65 communities, 4,405 primary beneficiaries, 17,450 members, and an 99% employment rate among active and graduated beneficiaries.
  • Education/Health Care Programs: Parinaam believes that education is the most effective tool to tackle generational poverty.  Their interventions are: (a) Academic Adoption Program - Sponsors make yearly donations to cover the expenses of a child’s education and are given regular progress reports (FY18: 499 children). (b) Higher Education Scholarship - It aims to bridge the gap for poor children who want to pursue higher education but dropout due to financial constraints (FY18: 219 scholarships).  In FY18, 203children underwent a multi-specialty annual Health Check-Up.
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