HelpYourNGO - NGO Details

Akanksha Foundation, The

Sector: Education
Sub Sector: School Ops
Tax Deduction: 50% u/s 80G of The Income Tax Act, 1961
FCRA:

% Spent on Beneficiaries

85%
HelpYourNGO USP: Our Research Team studies the NGO's financials to arrive at ratios, variances and the % spent on beneficiaries. This % is the proportion of direct program expenses to total expenditure for the latest financial year, indicating the total direct spend on beneficiaries.

Year of Establishment : 1991
Registered Address : Voltas House C, TB Kadam Marg, Chinchpokli, Mumbai 400033, Maharashtra
Website : www.akanksha.org
Email : ashima.suri@akanksha.org
Telephone : +91 22 23700253
Donor Contact : Ms. Ashima Suri / +91 22 23729880 / ashima.suri@akanksha.org
Registered Under : The Bombay Public Trust Act, 1950
The Societies Registration Act, 1860
Auditor : Haribhakti & Co.
Bankers : Bank of Maharashtra, HDFC Bank, Kotak Mahindra Bank
Trustees/Directors/Managing Committee: : Mr. Amit Chandra - Trustee, Ms. Anu Aga - Trustee, Mr. Ashish Dhawan - Trustee, Ms. Meher Pudumjee - Trustee, Ms. Nandita Dugar - Trustee, Mr. Neel Shahani - Trustee, Ms. Neerja Birla - Trustee, Ms. Shaheen Mistri - Trustee, Ms. Srila Chatterjee - Trustee, Ms. Vandana Goyal - CEO

Main programs are:

  • The School Project: This project is a venture to open high-quality schools serving children from low-income communities. The schools are in partnership with local municipalities with the vision of creating small clusters of model schools that can be used to impact the mainstream education system.
  • Centre and Programs: An after-school model, it focuses on innovative teaching of Math, English and Values. The first seven levels focus on providing a strong educational foundation, self-esteem and values while having a good time. The last 3 levels focus on successful completion of secondary school, and preparation for a job. Currently they have 8 centers and a total of 238 students attending classes regularly in Mumbai and Pune. Akanksha also offers programs in service learning, sports, empowerment, and career advice. Scholarships are offered to deserving children after a rigorous selection process. In FY15, the Mumbai and Pune centers had a pass percentage of 94%.
  • Art for Akanksha: This project includes curriculum development, art teacher training and support in Akanksha schools by running special classes for talented children. It designs, produces and markets a range of products that are sold through various avenues.
  • Mentor Program: The Mentor Program recruits successful professionals to act as mentors to an assigned child. Group discussions and individual meetings are held between the mentors and the mentees. During the year 11 mentor groups reached out to 153 students in schools and centers.
  • Programs for all round development: Akanksha runs 4 programs for the all-round development of children. These are the Empowerment Program for students in the age group 10 to 14, Service Learning Program to help individuals understand social issues, Sports Program to help children to have fun, build self-confidence, create friendships through physical activity and the Career Resource Centre to provide career guidance and access to job opportunities.
FY 2019 (₹) FY 2020 (₹) FY 2021 (₹)
Income
Government Sources - - -
Foreign Sources - - -
Institutional Sources 308,721,081 410,908,201 376,125,225
General Donations ₹74,841,423 ₹15,186,702 ₹42,511,963
Sales/Fees 3,550,348 2,576,750 179,970
Interest/Dividend 16,715,125 20,651,570 20,447,551
Other Income 683,615 1,799,327 2,749,176
Total Income (A) 404,511,592 451,122,550 442,013,885
 
Expenditure
Direct Program Activities 342,689,388 374,771,229 346,922,060
Program Staff Cost - - -
Travel Expenses - - -
Direct Program Expenses 342,689,388 374,771,229 346,922,060
Fund Raising Expenses - - -
General Staff Cost 2,627,090 2,911,158 2,942,892
Overhead Expenses 46,363,280 42,446,990 41,269,433
Depreciation 10,702,864 10,604,846 18,246,783
Other Expenses/Transfers 29,291 14,565 9,502
Total Expenditure (B) 402,411,913 430,748,788 409,390,670
 
Surplus / Deficit (A-B) 2,099,679 20,373,762 32,623,215
Assets
Fixed Assets 32,182,652 31,325,578 46,077,357
Current Assets 35,243,378 27,875,620 28,290,897
Cash And Bank 112,129,231 172,262,389 171,954,603
Total Current Assets 179,555,261 231,463,587 246,322,857
Investments 200,441,638 193,319,679 267,439,770
Accumulated Deficits - - -
Total Assets 379,996,899 424,783,266 513,762,627
 
Liabilities
Trust Corpus 78,825,206 78,825,206 78,825,206
General Funds 198,565,027 218,938,790 251,562,005
Earmarked Funds - - -
Unutilized Grants 67,542,878 90,033,621 141,003,447
Total 344,933,111 387,797,617 471,390,658
Loans - - -
Loans (From Members) - - -
Current Liabilities 35,063,788 36,985,649 42,371,969
Other Liabilities - - -
Total Liabilities 379,996,899 424,783,266 513,762,627
1) Institutional Sources comprise grants from Trusts and Foundations.
2) In FY14, AF has not provided details of the Art for Akanksha division, shown under Sales/Fees during FY10-FY13. During the period FY10-FY12, the division almost broke even. However the deficit of the division was Rs10 lakhs in FY14, a negative margin of 14%.
3) Teach for India (TFI) is a separate project seeded by The Akanksha Foundation (AF) and some income and expenses relating to TFI have been included in AF's financials during FY10-FY13. In FY14, income of Rs590 lakhs and expenses of Rs580 lakhs (surplus of Rs70 lakhs) was included in the books of AF.
FY 2019 FY 2020 FY 2021
Beneficiary Details
Direct Beneficiaries (nos.) - - -
Indirect Beneficiaries (nos.) - - -
Average Cost per Direct Beneficiary (₹) - - -
Staff Details
No. of Staff - - -
Number of Consultants - - -
Number Of Volunteers - - -
Total - - -
Highest Paid Full-Time Staff (₹ p.a.) - - -
Lowest Paid Full-Time Staff (₹ p.a.) - - -
NGO Name Sector Sub Sector Location % Spent on Beneficiaries Income (₹) Expense (₹)
H M Charitable Trust Education Scholarships Maharashtra 100 1,488,546 1,478,865
K.C. Mahindra Education Trust Education Girl Child Maharashtra 98 614,759,638 549,054,075
Foundation For Excellence India Trust (FFEIT) Education Scholarships Karnataka 95 393,027,677 381,824,682
Sevalaya Education School Tamil Nadu 86 178,739,786 163,404,057
Akanksha Foundation, The Education School Ops Maharashtra 85 442,013,885 409,390,670
Atma Education Trust Education Services Maharashtra 76 19,739,697 17,160,220


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