HelpYourNGO - Education - ThinkSharp-Foundation

ThinkSharp Foundation

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

UN Sustainable Development Goal:
NGO Logo

% Spent on Beneficiaries

53%
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 : Flat No. 1401, Building No. 4B, Dreams Complex, LBS Road, Bhandup (West), Mumbai 400078, Maharashtra
Presence :
Website : https://www.thinksharpfoundation.org
Email : info@thinksharpfoundation.org
Telephone : +91 9892742011
Donor Contact : Mr. Santosh Phad / +919892742011 / info@thinksharpfoundation.org
Registered Under : The Bombay Public Trust Act, 1950
Auditor : Anikt Kumar Jain & Co.
Bankers : Yes Bank
Trustees/Directors/Managing Committee: : Mr. Santosh Phad - Managing Trustee, Ms. Deepali Basur - Trustee, Mr. Sachin Pawar - Trustee

The NGO’s ‘StudyMall–Read, Learn, Play’ Project is more than just a library, and offers better educational infrastructure in rural areas. It provides better sitting place for study during and after school hours, books, educational games, toys, computer learning, and digital and multi-media learning. They conduct workshops and organize drawing, singing, essay competitions for rural children.

The organization currently has three StudyMalls – one each in Jalna, Jalgaon and Thane districts of Maharashtra. They have library kits with books, educational games, and sport materials, and space to sit and study.  The Thane StudyMall is a Digital one with e-tablets, interactive boards and a projector.

The overall impact of the StudyMall Project in the past 3 years is:

  • More than 1,500 children are benefitting from the StudyMalls.
  • Increase in awareness regarding the need for education and its importance by 25-30%.
  • Increase in the study time of children by 300-350%.
  • Increase in students’ marks scored by 5-10%.
  • Computer learning and related technical knowledge.
  • Digital learning experience through projector, interactive board and educational tabs.
  • Increase in school attendance.
  • More concentration levels among students due to digital learning.
  • Smart education systems with multi-media content help teachers in teaching in a demonstrative way.

 

FY 2015 (₹) FY 2016 (₹) FY 2017 (₹)
Income
Government Sources - - -
Foreign Sources - - -
Institutional Sources - - -
General Donations 50,000 237,870 176,160
Sales/Fees - - -
Interest/Dividend 915 3,622 7,125
Other Income - - -
Total Income (A) 50,915 241,492 183,285
 
Expenditure
Direct Program Activities 5,000 46,808 11,800
Program Staff Cost 12,500 11,500 15,000
Travel Expenses 1,799 14,247 31,345
Direct Program Expenses 17,500 58,308 26,800
Fund Raising Expenses - 4,275 9,000
General Staff Cost - - -
Overhead Expenses 9,297 13,639 18,119
Depreciation - 14,055 25,102
Other Expenses/Transfers - - -
Total Expenditure (B) 28,596 104,524 110,367
 
Surplus / Deficit (A-B) 22,319 136,968 72,919
Assets
Fixed Assets - 83,345 100,243
Current Assets - - -
Cash And Bank 32,783 86,406 142,427
Total Current Assets 32,783 169,751 242,670
Investments - - -
Accumulated Deficits - - -
Total Assets 32,783 169,751 242,670
 
Liabilities
Trust Corpus 10,464 10,464 10,000
General Funds 22,319 159,287 232,670
Earmarked Funds - - -
Unutilized Grants - - -
Total 32,783 169,751 242,670
Loans - - -
Loans (From Members) - - -
Current Liabilities - - -
Other Liabilities - - -
Total Liabilities 32,783 169,751 242,670
1) The NGO has provided only one amount as Donations received, but not a detailed breakdown.
2) Direct Program Activities include overheads like rent and stationery pertaining to programs.
FY 2015 FY 2016 FY 2017
Beneficiary Details
Direct Beneficiaries (nos.) 1,500 1,700 -
Indirect Beneficiaries (nos.) - - -
Average Cost per Direct Beneficiary (₹) - - -
Staff Details
No. of Staff - - -
Number of Consultants - - -
Number Of Volunteers 5 5 -
Total 5 5 -
Highest Paid Full-Time Staff (₹ p.a.) 18,000 18,000 -
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
Atma Education Trust Education Services Maharashtra 76 19,739,697 17,160,220
ThinkSharp Foundation Education Learning Aids Maharashtra 53 183,285 110,367


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