HelpYourNGO
ThinkSharp Foundation
Education
Learning Aids
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 | : | Flat No. 1401, Building No. 4B, Dreams Complex, LBS Road, Bhandup (West), Mumbai 400078, Maharashtra |
| Website | : | https://www.thinksharpfoundation.org |
| : | info@thinksharpfoundation.org | |
| Telephone | : | +91 9892742011 |
| Donor Contact | : | Mr. Santosh Phad (Founder and Managing Trustee) / +919892742011 / info@thinksharpfoundation.org |
| Registered Under | : | The Bombay Public Trust Act, 1950 |
| Auditor | : | Anikt Kumar Jain & Co. |
| Bankers | : | Yes Bank |
| Trustees/Directors/Managing Committee: | : | Mr. Santosh Phad, Managing Trustee , Ms. Deepali Basur, Trustee , Mr. Sachin Pawar, Trustee , |
Programs
The NGO’s ‘StudyMall–Read, Learn, Play’ Project is more than just a library, and offers better educational infrastructure in rural areas. It provides better sitting place for study during and after school hours, books, educational games, toys, computer learning, and digital and multi-media learning. They conduct workshops and organize drawing, singing, essay competitions for rural children.
The organization currently has three StudyMalls – one each in Jalna, Jalgaon and Thane districts of Maharashtra. They have library kits with books, educational games, and sport materials, and space to sit and study. The Thane StudyMall is a Digital one with e-tablets, interactive boards and a projector.
The overall impact of the StudyMall Project in the past 3 years is:
- More than 1,500 children are benefitting from the StudyMalls.
- Increase in awareness regarding the need for education and its importance by 25-30%.
- Increase in the study time of children by 300-350%.
- Increase in students’ marks scored by 5-10%.
- Computer learning and related technical knowledge.
- Digital learning experience through projector, interactive board and educational tabs.
- Increase in school attendance.
- More concentration levels among students due to digital learning.
- Smart education systems with multi-media content help teachers in teaching in a demonstrative way.
Financials
| Income & Expenditure Statement | |||
| FY 2015 (₹) | FY 2016 (₹) | FY 2017 (₹) | |
| Income | |||
| Government Sources | - | - | - |
| Foreign Sources | - | - | - |
| Institutional Sources | - | - | - |
| General Donations | 50,000 | 237,870 | 176,160 |
| Sales/Fees | - | - | - |
| Interest/Dividend | 915 | 3,622 | 7,125 |
| Other Income | - | - | - |
| Total Income (A) | 50,915 | 241,492 | 183,285 |
| Expenditure | |||
| Direct Program Activities | 5,000 | 46,808 | 11,800 |
| Program Staff Cost | 12,500 | 11,500 | 15,000 |
| Travel Expenses | 1,799 | 14,247 | 31,345 |
| Direct Program Expenses | 17,500 | 58,308 | 26,800 |
| Fund Raising Expenses | - | 4,275 | 9,000 |
| General Staff Cost | - | - | - |
| Overhead Expenses | 9,297 | 13,639 | 18,119 |
| Depreciation | - | 14,055 | 25,102 |
| Other Expenses/Transfers | - | - | - |
| Total Expenditure (B) | 28,596 | 104,524 | 110,367 |
| Surplus / Deficit (A-B) | 22,319 | 136,968 | 72,919 |
| Balance Sheet | |||
| FY 2015 (₹) | FY 2016 (₹) | FY 2017 (₹) | |
| Assets | |||
| Fixed Assets | - | 83,345 | 100,243 |
| Current Assets | - | - | - |
| Cash And Bank | 32,783 | 86,406 | 142,427 |
| Total Current Assets | 32,783 | 169,751 | 242,670 |
| Investments | - | - | - |
| Accumulated Deficits | - | - | - |
| Total Assets | 32,783 | 169,751 | 242,670 |
| Liabilities | |||
| Trust Corpus | 10,464 | 10,464 | 10,000 |
| General Funds | 22,319 | 159,287 | 232,670 |
| Earmarked Funds | - | - | - |
| Unutilized Grants | - | - | - |
| Total | 32,783 | 169,751 | 242,670 |
| Loans | - | - | - |
| Loans (From Members) | - | - | - |
| Current Liabilities | - | - | - |
| Other Liabilities | - | - | - |
| Total Liabilities | 32,783 | 169,751 | 242,670 |
| Financial Notes |
|
1) The NGO has provided only one amount as Donations received, but not a detailed breakdown.
2) Direct Program Activities include overheads like rent and stationery pertaining to programs. |
Additional Information
| FY 2015 (₹) | FY 2016 (₹) | FY 2017 (₹) | |
| Beneficiary Details | |||
| Direct Beneficiaries (nos.) | 1,500 | 1,700 | - |
| Indirect Beneficiaries (nos.) | - | - | - |
| Average Cost per Direct Beneficiary (₹) | - | - | - |
| Staff Details | |||
| No. of Staff | - | - | - |
| Number of Consultants | - | - | - |
| Number Of Volunteers | 5 | 5 | - |
| Total | 5 | 5 | - |
| Highest Paid Full-Time Staff (₹ p.a.) | 18,000 | 18,000 | - |
| 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 |
| ThinkSharp Foundation | Education | Learning Aids | Maharashtra | 53 | 183,285 | 110,367 | 2017 |
