HelpYourNGO
Anant Education Initiative
Education
Scholarships
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 | : | Infinity Tower II, 13th floor, Plot A3, Block GP, Sector V Salt Lake, Kolkata 700091, West Bengal |
| Website | : | https://www.ananteducation.org |
| : | info@ananteducation.org | |
| Telephone | : | +91 03340050410 |
| Donor Contact | : | Ms. Sushmita Mandal / +919874316203 / smandal@ananteducation.org |
| Registered Under | : | The Indian Trust Act, 1882 |
| Auditor | : | Kapoor Mehrotra & Associates |
| Bankers | : | ICICI Bank |
| Trustees/Directors/Managing Committee: | : | Mr. Ayush Goenka, Trustee , Ms. Kalyan Kar, Trustee |
Programs
AEI’s goal is to not only offer Rs6,000 per selected student every year through the scholarship programme, but to also offer vocational training, motivational workshops, soft skills training, and use every other tool for all round development of their scholars, to make them ready for the job market. AEI intends to give a minimum of 50% of the scholarships to girl students and also gives scholarships to physically challenged students. So far, they have provided scholarships to more than 5,000 meritorious students and aim to reach out to 100,000 students by the year 2020.
Financials
| Income & Expenditure Statement | |||
| FY 2013 (₹) | FY 2014 (₹) | FY 2015 (₹) | |
| Income | |||
| Government Sources | - | - | - |
| Foreign Sources | - | - | - |
| Institutional Sources | - | - | - |
| General Donations | 40,450,359 | 31,604,244 | 8,898,641 |
| Sales/Fees | - | - | - |
| Interest/Dividend | 1,040 | 420 | 315,106 |
| Other Income | - | - | 85,398 |
| Total Income (A) | 40,451,399 | 31,604,664 | 9,299,145 |
| Expenditure | |||
| Direct Program Activities | 22,682,536 | 25,171,500 | 7,412,500 |
| Program Staff Cost | 1,877,499 | 2,041,236 | 1,623,871 |
| Travel Expenses | 518,396 | 22,309 | 22,040 |
| Direct Program Expenses | 24,560,035 | 27,212,736 | 9,036,371 |
| Fund Raising Expenses | 4,055,649 | 372,021 | 22,736 |
| General Staff Cost | - | - | - |
| Overhead Expenses | 7,598,977 | 1,563,708 | 850,804 |
| Depreciation | - | - | - |
| Other Expenses/Transfers | - | - | - |
| Total Expenditure (B) | 36,733,057 | 29,170,774 | 9,931,951 |
| Surplus / Deficit (A-B) | 3,718,342 | 2,433,890 | -632,806 |
| Balance Sheet | |||
| FY 2013 (₹) | FY 2014 (₹) | FY 2015 (₹) | |
| Assets | |||
| Fixed Assets | - | - | - |
| Current Assets | - | 186,450 | 296,515 |
| Cash And Bank | 2,393,906 | 6,443,926 | 1,196,987 |
| Total Current Assets | 2,393,906 | 6,630,376 | 1,493,502 |
| Investments | - | - | 3,000,000 |
| Accumulated Deficits | - | - | - |
| Total Assets | 2,393,906 | 6,630,376 | 4,493,502 |
| Liabilities | |||
| Trust Corpus | 101,000 | 101,000 | 101,000 |
| General Funds | 1,823,472 | 4,257,362 | 3,624,556 |
| Earmarked Funds | - | - | - |
| Unutilized Grants | - | - | - |
| Total | 1,924,472 | 4,358,362 | 3,725,556 |
| Loans | - | - | - |
| Loans (From Members) | - | - | - |
| Current Liabilities | 469,434 | 2,272,014 | 767,946 |
| Other Liabilities | - | - | - |
| Total Liabilities | 2,393,906 | 6,630,376 | 4,493,502 |
| Financial Notes |
|
1) Direct Program Expenses are mainly scholarships awarded to deserving students.
2) Promotional expenses taken under Fund Raising Expenses. |
Additional Information
| FY 2013 (₹) | FY 2014 (₹) | FY 2015 (₹) | |
| Beneficiary Details | |||
| Direct Beneficiaries (nos.) | - | - | 1,235 |
| Indirect Beneficiaries (nos.) | - | - | 5,558 |
| Average Cost per Direct Beneficiary (₹) | - | - | - |
| Staff Details | |||
| No. of Staff | 24 | 11 | 8 |
| Number of Consultants | - | - | - |
| Number Of Volunteers | - | 1 | 1 |
| Total | 24 | 12 | 9 |
| 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 |
| Anant Education Initiative | Education | Scholarships | West Bengal | 91 | 9,299,145 | 9,931,951 | 2015 |
