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Jai Vakeel Foundation and Research Centre (formerly The Research Society)

Sector
Disability
Sub Sector
Comprehensive - Mental Disability
Tax Deduction
50% u/s 80G of The Income Tax Act, 1961
FCRA

% Spent on Beneficiaries

81%

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 : 1944
Registered Address : Sewri Hill, Sewri Road, Opp. Abhyudaya Nagar, Building No. 12, Near Kalachowki Police Station, Mumbai 400033, Maharashtra
Website : https://www.theresearchsociety.org
Email : jvstrsy@gmail.com
Telephone : +91 22 24701231
Donor Contact : Ms. Archana Chandra (Director) / N.A / jvstrsy@gmail.com
Registered Under : The Societies Registration Act, 1860
Auditor : V. V. Rao, Gawande & Associates
Bankers : Dena Bank State Bank of India Nasik Zhilla Madhayvarthi Bank Bank of India HDFC Bank
Trustees/Directors/Managing Committee : Dr. Anahita Pandole, President , Ms. Archana Chandra, CEO , Mr. Nari Mehta, Vice President , Mr. Rajendra Kasliwal, Treasurer , Dr. Jay Shastri, Jt. Treasurer , Dr. Anaita Udwadia Hegde, Medical Director , Ms. Meghana Vipradas, Secretary , Mr. Rustam Mulla, Legal Advisor , Mr. J. D. Sumariwalla, Member , Mr. Kekoo Colah, Member , Ms. Zia Cama, Member , Mr. Pesi Shroff, Member , Ms. Yasmin Irani, Member

Presence

Programs

Jai Vakeel Foundation runs the following sections:

  • Smt. Motibai Thackersey Institute of Research in the Field of Mental Retardation: This section carries out Diagnosis and Therapeutic intervention for approximately 200 children on an annual basis. The Investigations are carried out at a subsidized price of Rs6,300 per child. After diagnosis, if any child has to receive therapy then the same is provided at Rs450 per session. 
  • Jai Vakeel School for Children In Need of Special Care - Mumbai: This section receives partial State Government grant. It has 350 students. The grant received is not sufficient and they need to raise Rs15,000/student/year.
  • Sairam Autism Centre: It caters to 25 students with Autism and the amount that needs to be raised per student is Rs15,000/year.
  • Jai Vakeel Vocational Training & Aditya Birla Sheltered Workshop & Rehabilitation Centre: This institution has 289 students learning different vocation oriented activities. The annual expense per student amounts to Rs28,000/year.
  • Residential Section and Custodial Care Home: The Residential section has 35 students who receive either education or vocational training at their Institute. The Lodging & Boarding charges per student amounts to Rs1,00,000/year.
  • Sir Kikabhai Premchand's MIND's College of Special Education: This institution conducts Degree and Diploma courses in Special Education for 29 students. This section runs on donations and fees received from students.
  • Jai Vakeel School for children In Need of Special Care - Rural Branch - Kanhe: JVS Kanhe receives partial State Government grant which does not suffice to run the section smoothly. The student strength is 40. The cost per student in this section is Rs50,000/year.
  • Rusi Irani Centre for persons in Need of Special Care: This rural branch also runs on partial Government grant and on donations.  It has 39 students on an annual basis. The cost per student is Rs50,000/year.

Key Donors

  • Government
  • Credit Suisse
  • H.T. Parekh Foundation
  • Edelweiss
  • AZB & Partners
  • A.T.E. Enterprises
  • Bain Capital
  • JM Financial Foundation

HelpYourNGO Support

₹ 5,000

Financials

Income & Expenditure Statement
FY 2019 (₹) FY 2020 (₹) FY 2021 (₹)
Income
Government Sources 46,869,857 48,232,794 49,873,098
Foreign Sources - - -
Institutional Sources - - -
General Donations 50,990,139 65,727,802 56,362,841
Sales/Fees 8,279,600 19,466,489 4,793,730
Interest/Dividend 18,543,157 22,815,044 26,108,695
Other Income 53,301 100,818 34,963
Total Income (A) 124,736,054 156,342,947 137,173,329
Expenditure
Direct Program Activities 18,874,411 23,534,487 72,426,383
Program Staff Cost 71,821,888 83,966,268 27,510,850
Travel Expenses - - -
Direct Program Expenses 90,696,299 107,500,755 99,937,233
Fund Raising Expenses - - -
General Staff Cost 72,735 254,081 11,402,342
Overhead Expenses 20,233,502 25,848,510 7,656,034
Depreciation 1,511,179 3,857,784 4,688,072
Other Expenses/Transfers - - -
Total Expenditure (B) 112,513,715 137,461,130 123,683,683
 
Surplus / Deficit (A-B) 12,222,339 18,881,817 13,489,646
Balance Sheet
FY 2019 (₹) FY 2020 (₹) FY 2021 (₹)
Assets
Fixed Assets 7,697,622 31,656,618 30,568,239
Current Assets 7,787,484 11,115,793 19,090,435
Cash And Bank 9,466,178 19,519,657 31,466,571
Total Current Assets 24,951,284 62,292,068 81,125,245
Investments 269,598,809 348,183,308 339,682,990
Accumulated Deficits - - -
Total Assets 294,550,093 410,475,376 420,808,235
Liabilities
Trust Corpus 190,778,806 272,132,306 279,232,306
General Funds 25,598,217 48,291,993 61,781,641
Earmarked Funds 23,409,541 31,744,676 29,758,228
Unutilized Grants - 50,067,031 42,382,577
Total 239,786,564 402,236,006 413,154,753
Loans - - -
Loans (From Members) - - -
Current Liabilities 54,763,529 8,239,370 7,653,483
Other Liabilities - - -
Total Liabilities 294,550,093 410,475,376 420,808,236
Financial Notes
1) Sales/Fees includes Sponsorship/Fee receipts, Transport Charges recovered, and Art & Craft sales.
2) Other income includes reimbursement of expenses, miscellaneous income, sundry balances written back and Government scholarship.
3) Advertisement expenses taken as Fund Raising Expenses for all the years.
4) Other expense includes amount written off and loss on sale of assets.

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
Antara Disability Mental Health West Bengal 99 38,439,438 44,037,009 2013
Society For Child Development (SFCD) Disability Comprehensive - Mental Disability Delhi 98 11,077,641 12,402,097 2014
Shri B D Tatti(Annavaru)Memorial Charitable Trust Laxmeshwar Disability Karnataka 98 9,079,124 8,975,110 2022
All India Confederation of the Blind (AICB) Disability Blind - Comprehensive Delhi 97 35,337,111 34,974,890 2015
Sense International (India) Disability Deafblindness Gujarat 96 138,030,000 124,913,000 2024
Jai Vakeel Foundation and Research Centre (formerly The Research Society) Disability Comprehensive - Mental Disability Maharashtra 81 137,173,329 123,683,683 2021