Summary
Vidya Poshak
 
Education
Scholarships
Estd: 2001
Used for Beneficiaries: 86%
Address : 1st Floor, Yashoda Sadan, Vidyagiri, Dharwad 580004. Karnataka
Email : info@vidyaposhak.org
Web-site : www.vidyaposhak.org
Telephone : +91 836 2747357
Donor Contact : Mr. Venkatesan / +91 9845038017 / venkatesh@vidyaposhak.org
Financial Score
Rs, Y/E March 31
Income & Expenditure Statement201420152016
Income From
Government Sources4,397,99800
Institutional Sources9,991,6652,738,9184,968,636
Foreign Sources10,478,0009,764,0764,029,470
Donations4,285,0625,892,5544,649,821
Sales/Fees249,220186,150190,600
Interest/Dividend1,676,4362,312,0741,520,718
Other Income49,891190,55963,242
Total Income (A)31,128,27221,084,33115,422,486
Expenses For
Direct Programme Activities25,586,14617,768,90112,458,076
Programme Staff Cost000
Travel Expenses000
Direct Programme Expenses25,586,14617,768,90112,458,076
Fund Raising Expenses600,000115,853116,377
General Staff Cost000
Overhead Expenses1,220,4661,145,2621,253,365
Depreciation833,732759,104721,819
Other Expenses/Transfer9,015105,2250
Total Expenditure (B)28,249,35919,894,34514,549,637
Surplus / (Deficit) (A-B)2,878,9131,189,985872,850
Balance Sheet201420152016
Assets
Fixed Assets3,470,8642,777,2082,263,495
Current Assets (excl. Cash)1,072,359801,926872,777
Cash/Bank 1,621,6562,456,3231,480,327
Investments24,792,15027,877,54329,541,888
Accumulated Deficits000
Total Assets30,957,02833,913,00034,158,486
Liabilities
Corpus / Share Capital17,929,36620,944,22422,737,348
General Funds7,435,2506,625,2357,498,085
Earmarked Funds799,705479,705111,237
Loans000
Current Liabilities4,792,7075,863,8353,811,816
Total Liabilities30,957,02833,913,00034,158,486
Other Details201420152016
Direct Beneficiaries (Nos)2,3211,9691,672
Indirect Beneficiaries (Nos)22,324N.A.20,000
Cost Per Direct Beneficiary (Rs) - Actual5,9515,6394,170
Number of Staff22108
Highest Salary (Rs p.a.)665,500612,000589,500
Lowest Salary (Rs p.a.)32,25060,50042,000
Regd. under : The Societies Registration Act, 1860
Auditor : Subhas Patil & Co.
Bankers :
Canara Bank ICICI Bank
State Bank of India

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

Trustees/Directors/Managing Committee:
Ms. Jyoti Desai, President Dr. Anand Betadur, Vice President
Mr. Venkatesan, Secretary Mr. Banderao Patwari, Treasurer
Mr. Vijay Kulkarni, Member Mr. R. N. Tikot, Member
Mr. Veeru Uppin, Member

Source : Audit Report 2016

Financial Note : 1) Receipts from Policy Planning Unit, Bangalore (a joint collaboration between Govt of Karnataka and Azim Premji Foundation) are taken as Government Sources. 2) In FY15, the NGO has transferred Interest on corpus of Rs11 lakhs to Corpus (Balance sheet) and we have adjusted this against Interest/Dividend. 3) The NGO has provided overall amounts spent on various projects, but not a detailed breakdown. 4) Resource Mobilisation & Tech Development taken as Fund Raising Expenses. 5) Trust Corpus includes Life Membership receipts, Capital Fund, and Perpetual Fund.

NGO Profile :
Vidya Poshak was set up with the objective to financially support students of Class 10 and above to pursue their academic goals. Many other programs have evolved during the journey such as Residential Bridge Camps, Development of Soft Skills and Education Leadership Development Program.

Their programs include:

  • Nurture Merit: The Financial Assistance program supports students after the 10th Grade to complete their education and find appropriate employment. In FY14, Vidya Poshak supported 2,321 students, which included 312 new students (selected from 1,400 shortlisted candidates). They continued to enhance their Library Services with the help of donations and around 15,000 students used knowledge enhancement facilities such as internet access and career counselling sessions. Residential Bridge Camps help develop soft skills among the students and 17 such camps were conducted during the year. They have also introduced their Employment Readiness Program (ERP) in FY14 to enable students to be able to make better future choices and find better placements.
  • Education Loan Awareness & Advocacy Program (ELAAP): Vidya Poshak has taken the initiative to aid students aiming for higher education to understand the Education Loan Policies under the Model Education Loan Scheme initiated by the Government. The Helpdesk set up at six locations provided information about the features of these loan facilities to about 1,500 students in FY14. They also conducted awareness campaigns in partnership with Banks and Government officials to reach out to deserving students and continue to dispense information on their website.
  • School Leadership Development Program: Vidya Poshak is one of the implementing partners in this Program, a joint venture with the Karnataka Government, World Bank and the Azim Premji Foundation. The Program focuses on building educational leadership. This is done at various levels by enhancing knowledge, skills and positive shift in the perspectives of Educational heads towards educational development in the Government primary schools of Karnataka.

More than 300 volunteers and about 200 student volunteers use their strength, skills and time to help the student community of Vidya Poshak. Notably, volunteers completed 100% of the home visit assessments necessary to help select the most deserving candidates for the Nurture Merit Program.



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