HelpYourNGO
Visamo Kids Foundation (VKF)
Children
Home/Transit Home
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 | : | 2002 |
| Registered Address | : | Nandanpark Society, Opposite Inductotherm, Bopal, Ahmedabad 380058, Gujarat |
| Website | : | https://www.visamokids.org |
| : | admin.visamo@kalorex.org | |
| Telephone | : | +91 2717 237651 |
| Donor Contact | : | Ms. Sudeshna Bhojia (Project Administrator) / 8155099959 / admin.visamo@kalorex.org |
| Registered Under | : | The Indian Trust Act, 1882 |
| Auditor | : | V. K. Jindal & Co. |
| Bankers | : | Central Bank of India Axis Bank |
| Trustees/Directors/Managing Committee: | : | Dr. Manjula Pooja Shroff , Mr. Pratul Shroff , Mr. Shantanu Misra , Ms. Jagi Panda , Ms. Manoja Devi , Dr. Nayana Shah |
Presence
Programs
Parentage Home: VKF has built ‘Visamo Kids’ homes that provide education and shelter to 95 underprivileged children. Each child stays at this home till he or she has completed Grade 12. . Visamo Kids is unique in its conceptualization. Right from screening of the children, to making provision for boarding, lodging, understanding psychological needs and helping them move towards academic excellence through quality schooling, the parentage home aims to achieve holistic development of children. VKF also provides medical aid, counselling sessions, academic supervision and guidance and frequent parent-child interaction.
Education: Visamo offers conducive environment, aimed at optimizing the child's potential, nurturing their dreams and ambitions, and meeting their physiological, social as well as emotional needs. Every year, ten kids from families from socio economically deprived strata gain admission in Visamo at the age of five years.Till now 36 kids have attained formal education and are now pursuing professional career / graduation of their choices like Chartered Accountancy, Commerce graduation, Engineering & Special Engineering & Fine Arts. Currently, more than 95 students are going through the process. Visamo partners with schools to provide education from Kg to XII.
- Bridge in Program: This program grooms the newly taken children into Visamo to prepare them for admission into English Medium Schools.
- Admissions in school under RTE: Visamo abides by government guidelines under the Right to Education (RTE) in seeking admissions for children in schools in the vicinity.
- Bridge out Program: This program is introduced for senior students class 8th standard onwards to help them be confident in their “After Visamo” phase of life.
- Mentoring Program: This is linked to the bridge out program to groom the children in developing skills. The mentors guide and counsel children to make informed decisions.
Currently, 11 schools like Eklavya, Delhi Public School, Ahmedabad, Anand Niketan, etc. are partnering with VKF.
Key Donors
- Kalorex
- eInfoChips
- KHS Machinery Pvt. Ltd.
- Arvind Mills
- Bai Nathibai Damodar Thackersey Charitable Trust
- Gujarat Gas Ltd.
- Secon Pvt. Ltd.
- V.V & Smt.K.V Mariwala Charity Trust
Donation Options
- Rs7,000/year for the boarding of one child
- Rs5,000 as general donation
Financials
| Income & Expenditure Statement | |||
| FY 2016 (₹) | FY 2017 (₹) | FY 2018 (₹) | |
| Income | |||
| Government Sources | - | - | - |
| Foreign Sources | 3,015,214 | 4,493,430 | 1,902,668 |
| Institutional Sources | - | - | - |
| General Donations | 6,481,857 | 8,091,664 | 7,503,078 |
| Sales/Fees | - | - | - |
| Interest/Dividend | 128,269 | 1,863,855 | 757,496 |
| Other Income | 39,990 | 40,495 | 38,801 |
| Total Income (A) | 9,665,330 | 14,489,444 | 10,202,043 |
| Expenditure | |||
| Direct Program Activities | 4,798,812 | 4,387,650 | 4,280,887 |
| Program Staff Cost | 1,187,382 | 1,506,696 | 1,702,414 |
| Travel Expenses | - | 66,435 | 54,035 |
| Direct Program Expenses | 5,986,194 | 5,894,346 | 5,983,301 |
| Fund Raising Expenses | - | - | - |
| General Staff Cost | 672,015 | 481,252 | 483,418 |
| Overhead Expenses | 354,485 | 408,441 | 975,205 |
| Depreciation | 152,726 | 266,833 | 2,064,766 |
| Other Expenses/Transfers | - | - | - |
| Total Expenditure (B) | 7,165,420 | 7,117,307 | 9,560,725 |
| Surplus / Deficit (A-B) | 2,499,910 | 7,372,137 | 641,318 |
| Balance Sheet | |||
| FY 2016 (₹) | FY 2017 (₹) | FY 2018 (₹) | |
| Assets | |||
| Fixed Assets | 1,120,079 | 1,718,495 | 17,706,204 |
| Current Assets | 238,803 | 269,701 | 392,328 |
| Cash And Bank | 1,391,032 | 2,339,447 | 964,713 |
| Total Current Assets | 2,749,914 | 4,327,643 | 19,063,245 |
| Investments | 21,367,044 | 28,240,851 | 14,266,693 |
| Accumulated Deficits | - | - | - |
| Total Assets | 24,116,958 | 32,568,494 | 33,329,938 |
| Liabilities | |||
| Trust Corpus | 9,500,881 | 10,500,881 | 10,650,881 |
| General Funds | 14,167,792 | 21,539,929 | 22,181,247 |
| Earmarked Funds | - | - | - |
| Unutilized Grants | - | - | - |
| Total | 23,668,673 | 32,040,810 | 32,832,128 |
| Loans | - | - | - |
| Loans (From Members) | - | - | - |
| Current Liabilities | 448,285 | 527,684 | 497,810 |
| Other Liabilities | - | - | - |
| Total Liabilities | 24,116,958 | 32,568,494 | 33,329,938 |
| Financial Notes |
|
1) Donations include Donations for Complete, Education, Meal and Part Sponsorships, and also donations from Events.
2) Other Income in FY15 mainly includes profit from sale of mutual funds. 3) The NGO runs Homes and therefore incurs expenses on housekeeping, security, and drivers' expenses which have been included in Program Staff Cost. 4) In FY14, the NGO has made an error in calculating its total expenditure and hence understated its profit by Rs1 lakh. We have rectified the same in our working. 6) Increase in amount of Depreciation in FY18 is on account of purchase of a new bunglow by the NGO during the year. |
Additional Information
| FY 2016 (₹) | FY 2017 (₹) | FY 2018 (₹) | |
| Beneficiary Details | |||
| Direct Beneficiaries (nos.) | 92 | 95 | - |
| 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 |
| 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 |
| Visamo Kids Foundation (VKF) | Children | Home/Transit Home | Gujarat | 81 | 10,202,043 | 9,560,725 | 2018 |
