Summary
Vidya Poshak
 
Education
Scholarships
Estd: 2001
Used for Beneficiaries: 91%
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 Statement201620172018
Income From
Government Sources000
Institutional Sources4,968,6367,934,01814,897,316
Foreign Sources4,029,4709,126,1465,333,226
Donations4,649,8215,070,5386,031,458
Sales/Fees190,600149,200166,300
Interest/Dividend1,520,718976,2471,716,682
Other Income63,2421,8240
Total Income (A)15,422,48623,257,97328,144,982
Expenses For
Direct Programme Activities12,458,07622,672,38123,294,731
Programme Staff Cost000
Travel Expenses000
Direct Programme Expenses12,458,07622,672,38123,294,731
Fund Raising Expenses116,377572,303664,436
General Staff Cost000
Overhead Expenses1,253,3651,260,1681,316,941
Depreciation721,819510,710352,585
Other Expenses/Transfer000
Total Expenditure (B)14,549,63725,015,56325,628,693
Surplus / (Deficit) (A-B)872,850-1,757,5902,516,289
Balance Sheet201620172018
Assets
Fixed Assets2,263,4951,903,7731,876,704
Current Assets (excl. Cash)872,777834,1971,023,788
Cash/Bank 1,480,3272,894,9502,284,721
Investments29,541,88830,268,44534,053,821
Accumulated Deficits000
Total Assets34,158,48635,901,36539,239,035
Liabilities
Corpus / Share Capital22,737,34824,341,07726,729,533
General Funds7,498,0855,740,4958,256,784
Earmarked Funds111,237111,237111,237
Loans000
Current Liabilities3,811,8165,708,5564,141,480
Total Liabilities34,158,48635,901,36539,239,035
Other Details201620172018
Direct Beneficiaries (Nos)1,6721,56411,250
Indirect Beneficiaries (Nos)20,000N.A.2,500
Cost Per Direct Beneficiary (Rs) - Actual4,17015,6682,247
Number of Staff887
Highest Salary (Rs p.a.)589,500609,000656,000
Lowest Salary (Rs p.a.)42,00049,50075,000
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. Veeranna Uppin Mr. Umesh Chinchani
Mr. Vijay Kulkarni Mr. R. N. Tikot
Ms. Jyoti Desai

Source : Audit Report 2018

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.