Summary
Paragon Charitable Trust (Muktangan)
Education
School Ops
Estd: 1966
Used for Beneficiaries: 88%
Address : Paragon Charitable Trust, I-11/12 Paragon Condominium, Pandurang Budhkar Marg, Worli, Mumbai 400013. Maharashtra
Email :  contact@muktanganedu.org
Web-site : www.muktanganedu.org
Telephone : +91 022 24938752
Donor Contact : Mr. Rahul Ursekar / rahulursekar@muktanganedu.org
Financial Score
Rs, Y/E March 31
Income & Expenditure Statement201520162017
Income From
Government Sources000
Institutional Sources1,824,98922,506,90166,453,305
Foreign Sources76,405,79382,980,55554,238,520
Donations7,691,6122,543,869731,851
Sales/Fees1,575100,000100,000
Interest/Dividend6,125,0708,146,25610,663,796
Other Income3,206,6864,247,5294,912,904
Total Income (A)95,255,725120,525,110137,100,376
Expenses For
Direct Programme Activities7,290,20211,079,8572,931,204
Programme Staff Cost72,989,35491,723,873114,878,556
Travel Expenses000
Direct Programme Expenses80,279,556102,803,730117,809,760
Fund Raising Expenses000
General Staff Cost000
Overhead Expenses1,373,2691,626,3022,326,753
Depreciation1,597,1552,535,4562,309,509
Other Expenses/Transfer10,000,00010,000,00010,909,530
Total Expenditure (B)93,249,980116,965,488133,355,552
Surplus / (Deficit) (A-B)2,005,7453,559,6223,744,824
Balance Sheet201520162017
Assets
Fixed Assets9,198,89910,434,62211,032,565
Current Assets (excl. Cash)494,059431,002646,282
Cash/Bank 5,041,0489,471,7952,442,878
Investments165,562,304192,129,278261,917,296
Accumulated Deficits000
Total Assets180,296,310212,466,697276,039,021
Liabilities
Corpus / Share Capital38,768,00143,821,00184,279,221
General Funds11,305,62914,865,25118,610,076
Earmarked Funds129,465,033153,390,698172,519,577
Loans000
Current Liabilities757,647389,747630,147
Total Liabilities180,296,310212,466,697276,039,021
Other Details201520162017
Direct Beneficiaries (Nos)2,8733,1593,346
Indirect Beneficiaries (Nos)N.A.N.A.N.A.
Cost Per Direct Beneficiary (Rs) - Avg. 31,90136,22339,165
Number of Staff447498527
Highest Salary (Rs p.a.)1,090,000960,000960,000
Lowest Salary (Rs p.a.)73,85064,00060,000
Regd. under : The Bombay Public Trust Act, 1950
Auditor : M. S. Parikh & Co.
Bankers : Axis Bank Limited (Local)
Axis Bank Limited (FCRA)

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

Trustees/Directors/Managing Committee:
Mr. Sunil Mehta, Managing Trustee Mrs. Elizabeth Mehta, Founder Trustee
Ms. Farida Bhathena, Trustee Mr. Julio Riberio, Trustee
Ms. Vijaya Chauhan, Trustee Mr. Navroz Seervai, Trustee
Mr. Ashok Shah, Trustee

Source : Audit Report 2017

Financial Note : 1) Other Income comprises of Miscellaneous Income and Profit on Sale of Assets. 2) Other Expenses/Transfer includes Transfer to Muktangan Development & Expansion Fund. 3) Restricted Funding received in advance has been taken under Unutilized Grants.

NGO Profile :
Muktangan (the sole initiative of the Paragon Charitable Trust) was started in 2003 as an innovative model of education within the mainstream Government schools to provide quality, child friendly, inclusive, English-medium schooling to underprivileged children in Mumbai. Abiding by the principle of Education for the Community, by the Community, teachers from the same neighborhoods as students are developed to become empowered change agents.

Muktangan spans across 7 English-medium Municipal Corporation of Greater Mumbai (MCGM) Schools and a “Teacher Education Centre’’ in Mumbai, educating 3,159 children taught by 466 community teachers. The schools and education center are integrated together and comprise the Muktangan Educational & Resource Center (MERC).

Main programs are:

  • School Program: Muktangan has adopted a constructivist curricular approach providing programs of experiential active learning for children where the teacher is seen as a partner in the learning process. Rather than learning by rote, they are motivated to apply critical thinking skills and be independent learners. The student- teacher ratio is low enabling one-to-one interactions between teacher and student.
  • Teacher Training:  The program recognizes importance of both pre-service and in-service training in a supportive way. The teachers undergo an intensive one year Foundation program (pre-service) and learn through an “active constructive” approach using case studies, debates, role play, and group discussions. 350 hours of classroom internship is followed by a two-year part time In-service training. Modules include state board syllabus, early childhood development, school librarianship, and special education and English proficiency classes. Muktangan has so far trained and employed around 815 teachers from low-income community.
  • Outreach Program: MERC has initiated this program to improve the quality of education in rural Maharashtra.  Along with the Learning Space Foundation, an NGO where their faculty train the rural facilitators in their pedagogy for pre-primary schools, they have trained and supported rural teachers and workers of 25 schools and 25 Anganwadis in Wada District, Maharashtra. The program includes collaborating with NGOs, low fee paying schools, government schools and individuals in urban/rural areas of Maharashtra.