| | Rs, Y/E March 31 | | Income & Expenditure Statement | 2017 | 2018 | 2019 | | Income From | | Government Sources | 0 | 0 | 0 | | Institutional Sources | 7,934,018 | 14,897,316 | 14,540,663 | | Foreign Sources | 9,126,146 | 5,333,226 | 8,493,809 | | Donations | 5,070,538 | 6,031,458 | 4,367,190 | | Sales/Fees | 149,200 | 166,300 | 92,600 | | Interest/Dividend | 976,247 | 1,716,682 | 1,672,551 | | Other Income | 1,824 | 0 | 340 | | Total Income (A) | 23,257,973 | 28,144,982 | 29,167,153 | | | Expenses For | | Direct Programme Activities | 22,672,381 | 23,294,731 | 24,364,399 | | Programme Staff Cost | 0 | 0 | 0 | | Travel Expenses | 0 | 0 | 0 | | Direct Programme Expenses | 22,672,381 | 23,294,731 | 24,364,399 | | Fund Raising Expenses | 572,303 | 664,436 | 460,045 | | General Staff Cost | 0 | 0 | 0 | | Overhead Expenses | 1,260,168 | 1,316,941 | 1,393,815 | | Depreciation | 510,710 | 352,585 | 240,058 | | Other Expenses/Transfer | 0 | 0 | 382,217 | | Total Expenditure (B) | 25,015,563 | 25,628,693 | 26,840,533 | | Surplus / (Deficit) (A-B) | -1,757,590 | 2,516,289 | 2,326,620 | | | Balance Sheet | 2017 | 2018 | 2019 | | Assets | | Fixed Assets | 1,903,773 | 1,876,704 | 1,427,729 | | Current Assets (excl. Cash) | 834,197 | 1,023,788 | 941,429 | | Cash/Bank | 2,894,950 | 2,284,721 | 1,169,391 | | Investments | 30,268,445 | 34,053,821 | 43,578,233 | | Accumulated Deficits | 0 | 0 | 0 | | Total Assets | 35,901,365 | 39,239,035 | 47,116,783 | | | Liabilities | | Corpus / Share Capital | 24,341,077 | 26,729,533 | 28,812,014 | | General Funds | 5,740,495 | 8,256,784 | 10,583,405 | | Earmarked Funds | 111,237 | 111,237 | 111,237 | | Loans | 0 | 0 | 0 | | Current Liabilities | 5,708,556 | 4,141,480 | 7,610,127 | | Total Liabilities | 35,901,365 | 39,239,035 | 47,116,783 | | | Other Details | 2017 | 2018 | 2019 | | Direct Beneficiaries (Nos) | 1,564 | 11,250 | 4,500 | | Indirect Beneficiaries (Nos) | N.A. | 2,500 | 5,000 | | Cost Per Direct Beneficiary (Rs) - Avg. | 15,668 | 2,247 | 5,911 | | Number of Staff | 8 | 7 | 8 | | Highest Salary (Rs p.a.) | 609,000 | 656,000 | 690,000 | | Lowest Salary (Rs p.a.) | 49,500 | 75,000 | 85,000 |
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| Regd. under |
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The Societies Registration Act, 1860
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| Auditor |
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Subhas Patil & Co. |
| Bankers |
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| Canara Bank |
ICICI Bank |
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State Bank of India |
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| Donor tax benefits |
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80G 50%
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| Eligible for foreign donations |
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Yes |
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| Trustees/Directors/Managing Committee: |
| Mr. C. V. Onkari |
Dr. Anand Betadur |
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Mr. Banderao Patwari |
Mr. G.B. Meti |
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Mr. Vijay Kulkarni |
Mr. R. N. Tikot |
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Ms. Jyoti Desai |
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Source : Audit Report 2019
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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.
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| 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.
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