Summary
New Resolution India
 
Livelihood
Vocational Training
Estd: 2009
Used for Beneficiaries: 89%
Address : 41/D, First Floor, S.G. Burve Marg, Kamgar Nagar, Behind B.M.C. School, Kurla East, Mumbai 400024. Maharashtra
Email : info@newresolutionindia.org
Web-site : www.brightfutureindia.org
Telephone : +91 22 65008900
Donor Contact : Mr. Kishor Palve / +91 9029014787 / resources@newresolutionindia.org
Financial Score
Rs, Y/E March 31
Income & Expenditure Statement201420152016
Income From
Government Sources000
Institutional Sources000
Foreign Sources001,547,799
Donations772,2014,385,7759,069,430
Sales/Fees000
Interest/Dividend1,29619,293129,578
Other Income035,42065,150
Total Income (A)773,4974,440,48810,811,957
Expenses For
Direct Programme Activities67,8521,506,1272,173,898
Programme Staff Cost594,1391,733,7024,853,136
Travel Expenses11,28839,397169,562
Direct Programme Expenses673,2793,279,2267,196,596
Fund Raising Expenses000
General Staff Cost000
Overhead Expenses78,284147,441427,416
Depreciation33,054229,866502,057
Other Expenses/Transfer000
Total Expenditure (B)784,6173,656,5338,126,070
Surplus / (Deficit) (A-B)-11,120783,9552,685,888
Balance Sheet201420152016
Assets
Fixed Assets68,131439,304836,666
Current Assets (excl. Cash)03,605210,119
Cash/Bank 46,5692,175,1718,218,208
Investments000
Accumulated Deficits000
Total Assets114,7002,618,0809,264,993
Liabilities
Corpus / Share Capital1,0001,0001,000
General Funds105,273889,2283,575,116
Earmarked Funds01,699,1124,897,857
Loans000
Current Liabilities8,42728,740791,020
Total Liabilities114,7002,618,0809,264,993
Other Details201420152016
Direct Beneficiaries (Nos)N.A.N.A.N.A.
Indirect Beneficiaries (Nos)N.A.N.A.N.A.
Cost Per Direct Beneficiary (Rs)N.A.N.A.N.A.
Number of StaffN.A.N.A.N.A.
Highest Salary (Rs p.a.)N.A.N.A.N.A.
Lowest Salary (Rs p.a.)N.A.N.A.N.A.
Regd. under : The Bombay Public Trust Act, 1950
Auditor : S. D. Medadkar & Co.
Bankers : State Bank of India

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

Trustees/Directors/Managing Committee:
Mr. Kishor Palve, Managing Trustee Ms. Chandrika Rambiya, Trustee
Mr. Amol Parmar, Trustee Mr. Nirmal Parmar, Trustee
Ms. Trupti Shelke, Trustee Mr. Sachin Dhavle, Trustee
Mr. Kaustub Gharat, Trustee

Source : Audit Report 2016

Financial Note : 1) In FY15 & FY16, Total income has increased substantially due to significant increase in General Donations. 2) Community Centre Rent is included in Direct Program Expenses. 3) In FY16, 60% of Total Expenditure was spent on Program Staff Cost, as the NGO's main project is to mentor Drop-out children.

NGO Profile :
New Resolution India (NRI) is a non-profit organisation that provides a positive educational environment, role models and skill development and internship/placement to children and youth between the ages of 13 to 25 years. The NGO hopes to guide and educate students with the scope and skills required for success in various fields so they dont blindly move forward in choosing their future careers. Their model that focuses on students, parent involvement and faculty enrichment. They operate under the brand Bright Future and their tag line is Connecting Education to Employment. They were established in 2009 in Mumbai.

Their programmes are as follows:

  • Bright Future School Programme: NRI has a unique programme for students’ all-round development called the Bright Future School Programme. Created in 2011, the programme guides adolescents on career options, making career choices based on interest or ability, and helps them achieve their career goals. Teacher orientation programmes were also conducted on topics like effective handling of students. They also conducted sessions on life skill development wherein students were taught skills like self-confidence, gender sensitivity, goal setting and more. The students who are 13-16 years old are introduced to a role model, given career specific knowledge, taken on exposure visits, prepared for educational interviews and college admission process.
  • Bright Future Community Programme (BFCP): The BFCP aims to build leadership in youth between 16 and 25 years of age. The three month course aims to create a conducive environment for youth so as to bring about a holistic development for a better life. It includes community mobilisation, imparting computer awareness, life skills, career guidance, counselling, mentoring, exposure visits and a parents’ intervention programme.


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