HelpYourNGO
Mugavari Foundation
Education
Hostel
50% u/s 80G of The Income Tax Act, 1961
UN Sustainable Development Goals:
% Spent on Beneficiaries
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.
NGO Details
| Year of Establishment | : | 2011 |
| Registered Address | : | 66/9, Amma Free Mahal, Kannagi Street, Kamarajapuram, Velachery, Chennai 600042, Tamil Nadu |
| Website | : | https://www.mugavarifoundation.org |
| : | mugavarifoundation@gmail.com | |
| Telephone | : | +91 44 22551235; +91 9566150942 |
| Donor Contact | : | Mr. K. Ramesh (Founder and Managing Trustee) / +91 9840030942 / mugavariramesh@gmail.com |
| Registered Under | : | The Tamilnadu Societies Registration Act, 2011 |
| Auditor | : | G. Ranganathan |
| Bankers | : | State Bank of India |
| Trustees/Directors/Managing Committee: | : | Mr. K. Ramesh, Founder & Managing Trustee , Mr. D. Sundaramoorthy, Trustee , Mr. R. Saravanan, Trustee , Mr. D. Jaisankar, Trustee , Ms. Gowri Krishnamoorthi, Trustee , Ms. Suseendra Balamurugan, Trustee , Ms. Sangeetha Mohanavel, Trustee , Dr. Parimala Krishnamurthy, Trustee |
Programs
During FY14 Mugavari Foundation accommodated 40 new students. Of these 30 joined professional courses and 10 students are preparing for civil services. Besides these, more than 100 existing student beneficiaries through Mugavari continue to get support. In addition to smaller donors, Mugavari continues to benefit from food and accommodation facilities from their long time patron, Mr. Duraisamy of the Manidhanaeyam Charitable Trust. As of today there are 232 students who have been taken care of by Mugavari with the help of more than 133 sponsors and 7 Vanavil Students.
Vanavil (Tamil for rainbow) is an Alumni programme through which ex-students students who have benefitted from the Mugavari Foundation are encouraged to give back. These students contribute 7% of their income to Mugavari to help fund for their education programme
HelpYourNGO Support
₹ 1,900
Financials
| Income & Expenditure Statement | |||
| FY 2019 (₹) | FY 2020 (₹) | FY 2021 (₹) | |
| Income | |||
| Government Sources | - | - | - |
| Foreign Sources | - | - | - |
| Institutional Sources | - | - | - |
| General Donations | 8,390,831 | 10,211,411 | 10,450,317 |
| Sales/Fees | - | - | - |
| Interest/Dividend | 1,931 | 959 | 3,994 |
| Other Income | - | - | - |
| Total Income (A) | 8,392,762 | 10,212,370 | 10,454,311 |
| Expenditure | |||
| Direct Program Activities | 7,387,507 | 9,134,190 | 8,621,457 |
| Program Staff Cost | - | - | - |
| Travel Expenses | 93,715 | 136,944 | 214,956 |
| Direct Program Expenses | 7,387,507 | 9,134,190 | 8,621,457 |
| Fund Raising Expenses | 51,762 | - | - |
| General Staff Cost | 418,000 | 559,000 | 297,500 |
| Overhead Expenses | 546,757 | 465,716 | 434,061 |
| Depreciation | 25,012 | 25,430 | 24,957 |
| Other Expenses/Transfers | - | - | - |
| Total Expenditure (B) | 8,522,754 | 10,321,280 | 9,592,930 |
| Surplus / Deficit (A-B) | -129,992 | -108,910 | 861,381 |
| Balance Sheet | |||
| FY 2019 (₹) | FY 2020 (₹) | FY 2021 (₹) | |
| Assets | |||
| Fixed Assets | 143,507 | 188,666 | 163,709 |
| Current Assets | 140,000 | 100,000 | 100,000 |
| Cash And Bank | 168,356 | 35,787 | 52,126 |
| Total Current Assets | 451,863 | 324,453 | 315,835 |
| Investments | - | - | - |
| Accumulated Deficits | 436,637 | 545,547 | - |
| Total Assets | 888,500 | 870,000 | 315,834 |
| Liabilities | |||
| Trust Corpus | - | - | - |
| General Funds | - | - | 315,834 |
| Earmarked Funds | - | - | - |
| Unutilized Grants | - | - | - |
| Total | - | - | 315,834 |
| Loans | 888,500 | 870,000 | - |
| Loans (From Members) | - | - | - |
| Current Liabilities | - | - | - |
| Other Liabilities | - | - | - |
| Total Liabilities | 888,500 | 870,000 | 315,834 |
| Financial Notes |
|
1) Program Staff Cost for FY15 onwards is not reported separately. We can assume that this component is included under Direct Program Activities.
2) Fund Raising Expense includes advertisement expense. |
Additional Information
| 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.) | - | - | - |
Financial Overview:
Income and Expenses
Peer Comparison
| NGO Name | Sector | Sub Sector | Location | % Spent on Beneficiaries | Income (₹) | Expense (₹) | FY |
| Muktangan Education Trust | Education | School Ops | Maharashtra | 100 | 217,794,398 | 207,213,458 | 2022 |
| Abhivyakti Media for Development (AMD) | Education | Learning Aids | Maharashtra | 98 | 10,433,333 | 10,159,128 | 2021 |
| Akanksha Public Charitable Trust (Imlee Mahuaa) | Education | School Ops | Tamil Nadu | 98 | 1,892,695 | 1,894,560 | 2021 |
| Ganga Shikshan Prasarak Mandal | Education | School | Maharashtra | 98 | 21,501,465 | 19,892,584 | 2015 |
| Deep Foundation | Education | Hostel | Maharashtra | 98 | 514,548 | 536,550 | 2014 |
| Mugavari Foundation | Education | Hostel | Tamil Nadu | 92 | 10,454,311 | 9,592,930 | 2021 |
