HelpYourNGO - Education - Educo-Trust

Educo Trust

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

UN Sustainable Development Goal:
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% Spent on Beneficiaries

77%
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 : 2009
Registered Address : C/o M-Guru/M/s International, Behind Khatav building, 1st floor, near Kalpataru Habital, Dr.S.S. Rao Road, Lalbaug, Parel., Mumbai 400012, Maharashtra
Presence : Maharashtra
Website : https://www.educoindia.org
Email : communications.educo@gmail.com
Telephone : +91 2224715315
Donor Contact : Ms. Meenal Srinivasan / 9820609041 / meenal.srinivasan@gmail.com
Registered Under : The Bombay Public Trust Act, 1950
Auditor : S.D. Medadkar and Co.
Bankers : Kotak Mahindra , HDFC
Trustees/Directors/Managing Committee: : Ms. Meenal Srinivasan - CEO/Managing Trustee, Mr. Sandeep Shrikahande - Trustee

The NGO is supported by the Municipal Corporation of Greater Mumbai (MCGM) in its day to day working. With the School Support Program of MCGM the school has been able to provide its students with basic school supplies and midday meals. The government recently helped renovate the school and also provides assistance by way of providing professional security services and housekeeping facilities. The MCGM education department provides a platform to the students of SPMPS to excel in sports, theatre and extracurricular activities.

Educo recognizes the integral role parents play in the growth and development of children and hence encourages parent partnership. This is done by getting parents involved in attending all school meetings, communicating with school authorities on regular basis and understanding the philosophy on which the school operates.

A new library with a large collection of fiction, non-fiction and research materials was inaugurated during 2015. The computer program which started in 2009 reached 2,500 students during the year. Several festivals and events are celebrated in the school throughout the year with lot of enthusiasm by the students and teachers alike. As part of Swachh Bharat initiative, a Prabhat Pheri campaign was organized and also a health awareness campaign on swine flu. In collaboration with ICICI Lombard, the NGO conducted a dental and eye check-up camp for students. To understand the needs of students better, training sessions were conducted for teachers.

The NGO is supported by Tech Mahindra Foundation, Deloitte Shared Services India Private Limited, etc. for their various school initiatives. 

FY 2018 (₹) FY 2019 (₹) FY 2020 (₹)
Income
Government Sources - - -
Foreign Sources - - -
Institutional Sources - - -
General Donations 15,739,231 12,943,598 16,104,095
Sales/Fees - - -
Interest/Dividend 1,554,380 872,760 884,590
Other Income - 6,500,000 1,027,000
Total Income (A) 17,293,611 20,316,358 18,015,685
 
Expenditure
Direct Program Activities 3,270,271 1,677,694 1,290,669
Program Staff Cost 11,117,083 14,913,610 14,251,207
Travel Expenses 191,105 10,000 92,673
Direct Program Expenses 14,387,354 16,591,304 15,541,876
Fund Raising Expenses - - -
General Staff Cost 636,609 38,292 47,782
Overhead Expenses 167,965 996,821 4,331,443
Depreciation 234,830 210,978 197,744
Other Expenses/Transfers - 541,157 8,948
Total Expenditure (B) 15,617,863 18,388,552 20,220,466
 
Surplus / Deficit (A-B) 1,675,748 1,927,806 -2,204,781
Assets
Fixed Assets 933,052 1,123,198 977,137
Current Assets 176,048 421,911 472,156
Cash And Bank 8,825,275 7,216,121 2,321,767
Total Current Assets 9,934,375 8,761,230 3,771,060
Investments 8,016,397 8,510,000 11,630,000
Accumulated Deficits - - -
Total Assets 17,950,772 17,271,230 15,401,060
 
Liabilities
Trust Corpus 2,301,000 6,101,000 6,101,000
General Funds 7,908,994 9,836,802 7,632,020
Earmarked Funds 7,527,000 1,027,000 -
Unutilized Grants - - -
Total 17,736,994 16,964,802 13,733,020
Loans - - -
Loans (From Members) - - -
Current Liabilities 213,778 306,428 1,668,040
Other Liabilities - - -
Total Liabilities 17,950,772 17,271,230 15,401,060
1. Income from other sources includes interest on I.T. refund and miscellaneous income. 2. Program Staff Cost mainly comprises of Staff Salaries. It also includes Consultancy Fees and Professional Fees. 3. Fund Raising Expenses includes marketing expense.
FY 2018 FY 2019 FY 2020
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
arr2
Foundation For Excellence India Trust (FFEIT) Education Scholarships Karnataka 99 524,991,566 525,991,417
arr3
K.C. Mahindra Education Trust Education Girl Child Maharashtra 98 614,759,638 549,054,075
arr4
Atulya Vikash Education Services Jharkhand 97 333,630 333,127
Educo Trust Education School Maharashtra 77 18,015,685 20,220,466
Atma Education Trust Education Services Maharashtra 76 19,739,697 17,160,220


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