- Sector and Positioning:
For the past 19 years, Janyoday Vikash Parishad (JVP) has worked for the empowerment of deprived communities, focusing on the promotion of information technology, Self Help Groups and micro insurance.
It has started a joint venture with NASSCOM for programs such as Big Bridge and Big Tech (hardware donation programmes that provide NGOs access to refurbished computers with licensed software, donated by IT Companies). This has enabled members and beneficiaries of JVP to reap the advantages of the latest technologies.
JVP provides computer education to tribal students at a subsidized fee of Rs5 to Rs10 with the support of the village headman in Ranchi district. It also plans to open a portal for local craftsmen to enable them to sell their products online.
JVP’s tie up with Micro-LIC of India helps people in the unorganized sector get insurance upto Rs80,000 at a low premium of Rs50 to Rs100.
From the past one and half years, JVP has extended its support to Disney Primary School in Delhi. It encourages the local poor and children of migrant labourers to attend the school. It also provides educational support such as textbooks, notebooks, stationery etc. to around 300 students out of which 75 are from Disney School. Disney School charges minimal fees of Rs35 to Rs40 per month per child.
- Financial Parameters:
- Individual Donations: Individuals donations contributed 97% (Rs1mn) of total income in FY13. Donations in FY13 have substantially increased by 91% Y-o-Y (FY12:Rs0.6mn). JVP has managed to source higher donations in FY13 without incurring any additional cost.
- Membership fees: JVP collects membership fees of Rs50 per month and Rs500 annually from their members, which ensures regular income in the form of membership fees. The membership fee income has decreased from Rs0.1mn in FY12 to Rs24,000 in FY13 on account of withdrawal by a few members. Membership fees accounted for 2% of total income in FY13 (15% in FY12).
- Expenses: Expenses aggregated to Rs1.2mn in FY13. 84% (Rs1mn) of total expenses were directed towards programme activities. Salaries incurred for programme staff are included in programme expenses and a breakup is not available. Direct programme expenses have doubled from Rs0.5mn in FY12 to Rs1mn in FY13. This increase in programme expenses can be attributed to proportional increase in donations for FY13.
- Overheads: Expenses on overheads increased marginally from Rs84,000 in FY12 to Rs91,000 in FY13 in absolute terms. However, overheads as a percentage of total expenses have showed a decreasing trend from 11% in FY12 to 7% in FY13.
- Sustainability Parameters:
- Income Growth Rate: JVO posted total income of Rs1.2mn in FY13, recording a growth rate of 63% in FY13 as compared to 3.5% in FY12.
- Sustenance: JVP has been working in this sector for past 19 years but has managed to generate income of about Rs0.7mn only, which creates uncertainty regarding its sustainability and existence. Recently, JVP has tied up with LIC for assisting the unorganised sector with micro finance facility which provides some income flow to JVP in the form of commission.
- Self-sufficiency: JVP does not have a corpus fund and their major source of income is individual donations. While their self-sufficiency ratio is 1x in FY13 (ratio measures how much of expenses can be met from own income – individual donations/corpus income/fee income), the funds are quite small and insufficient for their activities.
- Fund utilization: JVP has effectively utilized 99% of the funds received, for the objects of the organization in FY13. As per income tax guidelines for NGOs, an organization should utilize at least 85% of its income for the purpose of its objects
- Major Challenges:
- Fund raising: JVP is currently raising funds through local individual donors and through social networking sites and is seeking alternate ways to raise adequate funds.
- Registration procedure: JVP feels that the registration procedures on portals of accreditation agencies are cumbersome and time consuming.
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