Summary
Vidya Poshak
 
Education
Scholarships
Estd: 2001
Used for Beneficiaries: 92%
Address : 1st Floor, Yashoda Sadan, Vidyagiri, Dharwad 580004. Karnataka
Email :  venkatesh@vidyaposhak.org
Web-site : www.vidyaposhak.ngo
Telephone : +91 +91 9845038017
Donor Contact : Mr. Venkatesan / +91 9845038017 / gfs.venky@gmail.com
Financial Score
Goal 4: Quality Education
Rs, Y/E March 31
Income & Expenditure Statement201820192020
Income From
Government Sources000
Institutional Sources14,897,31613,194,10918,078,906
Foreign Sources5,333,2269,840,3632,645,824
Donations6,031,4584,367,1905,081,542
Sales/Fees166,30092,600107,125
Interest/Dividend1,716,6821,672,5523,508,012
Other Income03409,904
Total Income (A)28,144,98229,167,15429,431,314
Expenses For
Direct Programme Activities23,294,73124,364,39924,441,292
Programme Staff Cost000
Travel Expenses000
Direct Programme Expenses23,294,73124,364,39924,441,292
Fund Raising Expenses664,436460,0450
General Staff Cost000
Overhead Expenses1,316,9411,393,8151,494,838
Depreciation352,585240,058551,534
Other Expenses/Transfer0382,2170
Total Expenditure (B)25,628,69326,840,53426,487,663
Surplus / (Deficit) (A-B)2,516,2892,326,6202,943,651
Balance Sheet201820192020
Assets
Fixed Assets1,876,7041,427,7292,146,568
Current Assets (excl. Cash)1,023,788941,429953,862
Cash/Bank 2,284,7211,169,391764,105
Investments34,053,82143,578,23346,619,604
Accumulated Deficits000
Total Assets39,239,03547,116,78350,484,140
Liabilities
Corpus / Share Capital26,729,53328,812,01419,967,575
General Funds8,256,78410,583,40513,527,055
Earmarked Funds111,237111,2379,975,440
Loans000
Current Liabilities4,141,4807,610,1277,014,070
Total Liabilities39,239,03547,116,78350,484,140
Other Details201820192020
Direct Beneficiaries (Nos)11,2501,5031,518
Indirect Beneficiaries (Nos)2,5008,2174,053
Cost Per Direct Beneficiary (Rs) - Avg. 2,24717,69817,086
Number of Staff7717
Highest Salary (Rs p.a.)656,000690,000716,000
Lowest Salary (Rs p.a.)75,00085,00070,000
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:
Mr. C. V. Onkari Dr. Anand Betadur
Mr. Banderao Patwari Mr. G.B. Meti
Mr. Vijay Kulkarni Mr. R. N. Tikot
Ms. Jyoti Desai

Source : Audit Report 2020

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) From FY15 onwards, the NGO has transferred Interest on corpus 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 included under 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 Programs.

Student Selection: Eligibility criteria includes A) Minimum 75% for Std X passed student and 70% for Std XII student pursuing higher education. B) Family income is

Their programs include:

  • Nurture Merit Program: This program includes – (i) Financial Assistance: To provide financial assistance to meritorious students who cannot afford to continue their higher education due to financial constraints. (ii) Library Services: Such as books, internet access and career counselling sessions. (iii) Residential Bridge Camps: To help students develop soft skills through general, theme-based camps and employment readiness program. So far, Nurture Merit Program has benefitted 15,000+ students. 20,000+ students utilize the Library services every year. 100,000+ youth have been directly trained through programs like Residential Bridge Camps, Education Loan Awareness, C-DOSS (Center for Development Of Soft Skills) and English Language Improvement.
  • Skill Training Program: This program aims at helping underprivileged graduate students to meet the demands of the industry through career guidance and systemic employment training. The training programs are intended to enhance their life and soft skills. Some of the modules covered are Personality development and Motivation, Communication and Presentation skills, Emotion management, Creativity, Employability skills (Interview skills), Analytical skills, English Speaking skills, Career guidance.
  • Knowledge Resource Centers: Vidya Poshak offers free access to book banks and libraries to facilitate the entire student community with hands-on learning. They aim to create a platform which helps the youth to train themselves on various life skills and soft skills easily. There are six such Knowledge Resource Centers opened by Vidya Poshak till date. 
  • Covid Emergency Support: With the support of HSBC, they have provided ration kits with one full month of materials required for to support a family, during the pandemic.These ration kits are worth INR 3000 each, and they have reached out to 500 families. This program impacted over 2500 beneficiaries and is worth 15 lakhs. They have also identified 200 single women led families of daily wagers and provided financial support of INR5000 each (a total of  10 Lakhs) with support from Individual donors & GiveIndia.