HelpYourNGO

HelpYourNGO

Economic Rural Development Society (ERDS)

Sector
Children
Sub Sector
Child Care/Balwadi/Creche
Tax Deduction
50% u/s 80G of The Income Tax Act, 1961
FCRA

UN Sustainable Development Goals:

Good Health and Well Being Clean Water and Sanitation Decent Work and Economic Growth

% Spent on Beneficiaries

97%

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 : 1982
Registered Address : 6, Kiron Sankar Roy Road, Ground Floor Room No. 3, Kolkata 700001, West Bengal
Website : https://www.erds.in
Email : erds@cal2.vsnl.net.in
Telephone : +91 33 22486888; +91 33 22485948;
Donor Contact : Mr. Madhu Basu (Secretary) / +91 9810017113 / madhubasu.erds@gmail.com
Registered Under : Others
Auditor : Sambhu N. De & Co
Bankers : Union Bank of India State Bank of India
Trustees/Directors/Managing Committee: : Mr. R. Mukherjee, Chairman , Mr. Madhu Basu, General Secretary , Mr. Provat Kumar Mitra, Asst. Gen. Secretary , Mr. Dulal Haldar, Treasurer , Mr. Deepak Coomar Mitra, Member , Ms. Sucharita Mukherjee, Member , Ms. Munmun Dubey, Member

Programs

Some of their 2012-13 activities were as follows:

  • Sahay: The organisation sponsors poor and needy children below the poverty line by providing them with expenses related to education, nutrition and health. Sahay also extends support to the families of these children in order to renovate their homes, construct floors, latrines, and assist families in digging wells to ensure the availability of safe drinking water.
  • Creche and State Balwadi Centre: With the support of the West Bengal Social Welfare Advisory Board, ERDS has set up 4 creche centres for children under the age of 5 years. The objective of the Balwadi Centre is to give children access to a primary and secondary education.
  • Vocational Training: ERDS has trained 80 children in order to gain employment in self-help groups. After completion of the training, 55 students are now earning an income averaging Rs45,150 per month.
  • Alor Janya School: ERDS set up this primary school for the 1st to 4th standards. Children are provided with books, stationery, clothes, and tiffins. They are groomed and nurtured until the completion of primary school and then admitted to secondary school. 50 students have completed courses at this school thus far.
  • Health Clinic: Spreading awareness on basic health issues through camps, discussions and one-on-one interactions. ERDS runs two health clinics supported by doctors who evaluate and counsel patients.

Financials

Income & Expenditure Statement
FY 2014 (₹) FY 2015 (₹) FY 2016 (₹)
Income
Government Sources 191,028 93,500 241,200
Foreign Sources 8,516,063 6,498,939 9,949,185
Institutional Sources - - 22,384
General Donations 301,163 34,223 199,452
Sales/Fees - - -
Interest/Dividend - 338 5,284
Other Income - - -
Total Income (A) 9,008,254 6,627,000 10,417,505
Expenditure
Direct Program Activities 8,879,954 5,019,218 8,653,913
Program Staff Cost 96,000 1,307,431 1,439,835
Travel Expenses - 39,095 89,062
Direct Program Expenses 8,975,954 6,326,649 10,093,748
Fund Raising Expenses - - -
General Staff Cost - - -
Overhead Expenses 15,730 371,100 242,264
Depreciation 64,330 58,090 52,857
Other Expenses/Transfers - - -
Total Expenditure (B) 9,056,014 6,794,934 10,477,932
 
Surplus / Deficit (A-B) -47,760 -167,934 -60,427
Balance Sheet
FY 2014 (₹) FY 2015 (₹) FY 2016 (₹)
Assets
Fixed Assets 2,632,496 2,427,964 2,243,390
Current Assets 1,218,191 1,218,191 245,320
Cash And Bank 433,980 192,709 2,300,626
Total Current Assets 4,284,667 3,838,864 4,789,336
Investments 125,000 125,000 -
Accumulated Deficits - - -
Total Assets 4,409,666 3,963,863 4,789,336
Liabilities
Trust Corpus - - -
General Funds 1,306,272 1,138,337 746,199
Earmarked Funds 1,882,611 1,352,979 1,214,631
Unutilized Grants - 172,424 2,138,383
Total 3,188,883 2,663,740 4,099,214
Loans 1,205,053 1,300,123 690,122
Loans (From Members) - - -
Current Liabilities 15,730 - -
Other Liabilities - - -
Total Liabilities 4,409,666 3,963,863 4,789,336
Financial Notes
1) Fixed Assets schedule was not available in FY11 & FY12.
2) Current asset includes revolving fund of Rs1mn, the exact nature of which cannot be detemined. Clarification is awaited from the NGO.
3) The opening balance of GF in FY12 differs from closing bal in FY11 by Rs1.38mn. Awaiting explanation from the NGO.

Additional Information

FY 2014 (₹) FY 2015 (₹) FY 2016 (₹)
Beneficiary Details
Direct Beneficiaries (nos.) - - -
Indirect Beneficiaries (nos.) - - -
Average Cost per Direct Beneficiary (₹) - - -
Staff Details
No. of Staff 42 - -
Number of Consultants - - -
Number Of Volunteers - - -
Total 42 - -
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
Sanjivani Medical Training Centre Children Home/Transit Home Maharashtra 99 2,330,811 2,344,490 2015
Sabarmathi Social Seva Sangam Children Child Care/Balwadi/Creche Tamil Nadu 98 1,732,337 1,729,376 2014
Vidyanikethan Children Karnataka 98 33,267,956 33,975,011 2020
Bhatkya Vimukta Jati Shikshan Sanstha (BVJSS) Children Adoption Maharashtra 98 55,807,652 53,230,312 2023
Economic Rural Development Society (ERDS) Children Child Care/Balwadi/Creche West Bengal 97 10,417,505 10,477,932 2016
Need Base India Children Home/Transit Home Karnataka 96 5,327,400 4,238,544 2015