Summary
Magic Bus India Foundation
 
Children
Sports for Development
Estd: 2001
Used for Beneficiaries: 90%
Address : Room No. 5, 2nd Floor, A Wing, Todi Estate, Sun Mills Compound, Lower Parel, Mumbai 400013. Maharashtra
Email :  info@magicbusindia.org
Web-site : www.magicbus.org
Telephone : +91 22 43339351; +91 22 43339393
Donor Contact : Ms. Preeti Dhingra / preeti@magicbusindia.org
Financial Score
Rs, Y/E March 31
Income & Expenditure Statement201520162017
Income From
Government Sources000
Institutional Sources000
Foreign Sources249,728,172388,233,587581,576,600
Donations112,590,295145,001,188237,739,865
Sales/Fees000
Interest/Dividend3,229,0645,851,9327,844,955
Other Income0380,5760
Total Income (A)365,547,531539,467,283827,161,420
Expenses For
Direct Programme Activities105,352,177142,722,402263,994,494
Programme Staff Cost182,369,806329,555,615419,438,942
Travel Expenses34,144,27255,639,01959,135,584
Direct Programme Expenses321,866,255527,917,036742,569,020
Fund Raising Expenses670,9453,076,0261,442,448
General Staff Cost21,283,55737,402,95037,600,339
Overhead Expenses6,182,98114,453,42013,773,590
Depreciation8,929,65713,172,20321,244,593
Other Expenses/Transfer5,556,7205,331,5187,784,839
Total Expenditure (B)364,490,115601,353,153824,414,829
Surplus / (Deficit) (A-B)1,057,416-61,885,8702,746,591
Balance Sheet201520162017
Assets
Fixed Assets62,275,92793,149,902122,720,714
Current Assets (excl. Cash)30,121,73654,852,22554,685,416
Cash/Bank 54,331,191124,205,347111,453,502
Investments65,519,37140,000,00089,100,000
Accumulated Deficits017,594,69814,848,107
Total Assets212,248,225329,802,172392,807,739
Liabilities
Corpus / Share Capital2,0002,0002,000
General Funds342,83700
Earmarked Funds190,886,454284,348,87292,320,611
Loans000
Current Liabilities21,016,93445,451,300300,485,128
Total Liabilities212,248,225329,802,172392,807,739
Other Details201520162017
Direct Beneficiaries (Nos)284,496394,879397,742
Indirect Beneficiaries (Nos)9,9449,369N.A.
Cost Per Direct Beneficiary (Rs) - Actual1,2001,4902,019
Number of Staff1,0241,481N.A.
Highest Salary (Rs p.a.)3,141,6006,000,000N.A.
Lowest Salary (Rs p.a.)76,12842,000N.A.
Regd. under : The Companies Act, 1956
Auditor : S. L. Makhija & Co.
Bankers :
ICICI Bank HSBC Bank
HDFC Bank Axis Bank
ING Vyasya Bank

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

Trustees/Directors/Managing Committee:
Mr. Matthew Spacie, Founder Mr. Deval Sanghavi
Ms. Samantha Nayar Mr. Rajeev Dubey
Ms. Shaneen Parikh Mr. Sandeep Murthy
Mr. Arpan Sheth Mr. Jaideep Khanna

Source : Audit Report 2017

Financial Note : 1) Donations include donations in kind. 2) Other income includes profit on sale of mutual fund. 3) Expenses have been classified based on Natural Classification in FY15 & FY16 (earlier classified based on Functional Classification). As a result Expense items prior to FY15 are not comparable with FY15 & FY16. 4) Other expenses includes foreign exchange loss, prior period items, loss on sale of assets, amounts written off, and provision for doubtful advances. In FY17, provision for doubtful advances was Rs49.21 lakhs. 5) Other Liabilities include long term provisions.

NGO Profile :
Magic Bus India Foundation objective is to break the poverty cycle, one child at a time. The organisation equips some of India's poorest children and young people with the skills and knowledge to grow up and be successful, to move out of poverty, and to take control of their future.

These ‘life-skills’ – which range from education and gender equality to health and employability – are taught by youth leaders from the communities themselves supported and trained through Magic Bus’ unique mentorship programme. Through its network of more than 8,000 such youth trainers, Magic Bus accompanies children on their journey from childhood to livelihood to help them grow up and become successful and participating members of their communities.   

The programme begins when a child is seven years old, follows their journey through childhood and aims to create confident young people, ready for jobs or higher education opportunities.

It fosters young adults to deliver their programme and to become role models and mentors for the children. Both the young adults, who work with them as volunteers, and the children, come from the same communities, enabling a relationship that is both close and constant. The young adults are trained to deliver the activity-based curricula Magic Bus has pioneered, to bring about changes in behaviours and practices. They work to promote gender equality, access to education and health services, as well as on developing a child's social and emotional skills. Their other key role is to work with the child’s support structure: the parents, the community at large and local institutions to ensure the change they make results in social, emotional and economic well-being for all children living in that area.

The programme delivered has strong grounding in academic research and is based on classical learning theories. Sporting activities and games are structured into each session to make them fun and appealing to children. Sessions are designed to represent real-life situations and challenges so children are able to relate these back to their daily lives. 

Magic Bus has partnerships with Comic Relief, Laureus, Marchesa, Mondelez, Bloomberg, Nestle, Barclays, Coca Cola, HSBC, ICICI Foundation, Bernard Lewis Charitable Trust, BMW Group India, Vodafone, Asian Paints, Herbal Life, Tech Mahindra, Reliance Foundation, Tata Power, Boeing, ICRW-MacArthur, Prudential, Mastek, EClerx, FIFA, etc.