HelpYourNGO - NGO Details

Vidya Poshak

Sector: Education
Sub Sector: Scholarships
Tax Deduction: 50% u/s 80G of The Income Tax Act, 1961
FCRA:

UN Sustainable Development Goal:
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% Spent on Beneficiaries

96%
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.

Year of Establishment : 2001
Registered Address : 1st Floor, Yashoda Sadan, Vidyagiri, Dharwad 580004, Karnataka
Presence : Karnataka
Website : www.vidyaposhak.ngo
Email : gfs.venky@gmail.com
Telephone : +91 +91 9845038017
Donor Contact : Mr. Venkatesan / +91 9845038017 / gfs.venky@gmail.com
Registered Under : The Bombay Public Trust Act, 1950
The Societies Registration Act, 1860
Auditor : Subhas Patil & Co.
Bankers : Canara Bank, ICICI Bank, State Bank of India
Trustees/Directors/Managing Committee: : Mr. C. V. Onkari, Dr. Anand Betadur, Mr. Banderao Patwari , Mr. G.B. Meti, Mr. Vijay Kulkarni, Mr. R. N. Tikot, Ms. Jyoti Desai

Student Selection: Eligibility criteria includes A) Minimum 75% for Std X passed student and 70% for Std XII student pursuing higher education. B) Family income is

Their programs include:

  • Nurture Merit Program: This program includes – (i) Financial Assistance: To provide financial assistance to meritorious students who cannot afford to continue their higher education due to financial constraints. (ii) Library Services: Such as books, internet access and career counselling sessions. (iii) Residential Bridge Camps: To help students develop soft skills through general, theme-based camps and employment readiness program. So far, Nurture Merit Program has benefitted 15,000+ students. 20,000+ students utilize the Library services every year. 100,000+ youth have been directly trained through programs like Residential Bridge Camps, Education Loan Awareness, C-DOSS (Center for Development Of Soft Skills) and English Language Improvement.
  • Skill Training Program: This program aims at helping underprivileged graduate students to meet the demands of the industry through career guidance and systemic employment training. The training programs are intended to enhance their life and soft skills. Some of the modules covered are Personality development and Motivation, Communication and Presentation skills, Emotion management, Creativity, Employability skills (Interview skills), Analytical skills, English Speaking skills, Career guidance.
  • Knowledge Resource Centers: Vidya Poshak offers free access to book banks and libraries to facilitate the entire student community with hands-on learning. They aim to create a platform which helps the youth to train themselves on various life skills and soft skills easily. There are six such Knowledge Resource Centers opened by Vidya Poshak till date. 
  • Covid Emergency Support: With the support of HSBC, they have provided ration kits with one full month of materials required for to support a family, during the pandemic.These ration kits are worth INR 3000 each, and they have reached out to 500 families. This program impacted over 2500 beneficiaries and is worth 15 lakhs. They have also identified 200 single women led families of daily wagers and provided financial support of INR5000 each (a total of  10 Lakhs) with support from Individual donors & GiveIndia.
FY 2020 (₹) FY 2021 (₹) FY 2022 (₹)
Income
Government Sources - - -
Foreign Sources 2,645,824 10,835,993 6,627,792
Institutional Sources 18,078,906 15,107,256 45,188,186
General Donations ₹5,081,542 ₹13,622,003 ₹16,825,894
Sales/Fees 107,125 11,500 6,000
Interest/Dividend 3,508,012 2,859,316 2,903,534
Other Income 9,904 16,438 51,892
Total Income (A) 29,431,314 42,452,507 71,603,298
 
Expenditure
Direct Program Activities 24,441,292 36,185,479 64,272,885
Program Staff Cost - - -
Travel Expenses - - -
Direct Program Expenses 24,441,292 36,185,479 64,272,885
Fund Raising Expenses - - -
General Staff Cost - - -
Overhead Expenses 1,494,838 2,401,704 2,002,038
Depreciation 551,534 535,342 461,243
Other Expenses/Transfers - - -
Total Expenditure (B) 26,487,663 39,122,525 66,736,166
 
Surplus / Deficit (A-B) 2,943,651 3,329,982 4,867,132
Assets
Fixed Assets 2,146,568 2,015,577 1,644,334
Current Assets 953,862 938,717 955,945
Cash And Bank 764,105 224,138 858,161
Total Current Assets 3,864,535 3,178,432 3,458,440
Investments 46,619,604 59,527,235 62,626,030
Accumulated Deficits - - -
Total Assets 50,484,140 62,705,668 66,084,470
 
Liabilities
Trust Corpus 19,967,575 19,967,575 19,968,675
General Funds 13,527,055 19,258,742 16,125,874
Earmarked Funds 9,975,440 9,975,440 18,975,440
Unutilized Grants - - -
Total 43,470,070 49,201,757 55,069,989
Loans - - -
Loans (From Members) - - -
Current Liabilities 7,014,070 13,503,911 11,014,481
Other Liabilities - - -
Total Liabilities 50,484,140 62,705,668 66,084,470
1) Receipts from Policy Planning Unit, Bangalore (a joint collaboration between Govt of Karnataka and Azim Premji Foundation) are taken as Government Sources.
2) From FY15 onwards, the NGO has transferred Interest on corpus to Corpus (Balance sheet) and we have adjusted this against Interest/Dividend.
3) The NGO has provided overall amounts spent on various projects, but not a detailed breakdown.
4) Resource Mobilisation & Tech Development included under Fund Raising Expenses.
5) Trust Corpus includes Life Membership receipts, Capital Fund, and Perpetual Fund.
FY 2020 FY 2021 FY 2022
Beneficiary Details
Direct Beneficiaries (nos.) 1,518 - -
Indirect Beneficiaries (nos.) 4,053 - -
Average Cost per Direct Beneficiary (₹) - - -
Staff Details
No. of Staff 17 - -
Number of Consultants - - -
Number Of Volunteers 150 - -
Total 167 - -
Highest Paid Full-Time Staff (₹ p.a.) 716,000 - -
Lowest Paid Full-Time Staff (₹ p.a.) 70,000 - -
Services Funds Raised (₹)
Donation 4,625
Offline Donation 5,000
Quantum SMILE 3,357
Systematic Giving Plan - Quantum SMILE 63,591
Total Funds Raised 76,573
NGO Name Sector Sub Sector Location % Spent on Beneficiaries Income (₹) Expense (₹)
Vidya Poshak Education Scholarships Karnataka 96 71,603,298 66,736,166
Vidya & Child (Project under JPNMT) Education Learning Centre Uttar Pradesh 96 63,435,653 49,730,610
Vidya Poshak Education Scholarships Karnataka 96 71,603,298 66,736,166
Vidya & Child (Project under JPNMT) Education Learning Centre Uttar Pradesh 96 63,435,653 49,730,610
Foundation For Excellence India Trust (FFEIT) Education Scholarships Karnataka 95 393,027,677 381,824,682
Christel House India Education School Karnataka 93 199,631,000 209,555,000
Sevalaya Education School Tamil Nadu 86 178,739,786 163,404,057
Indian Dreams Foundation (IDF) Education Learning Centre Uttar Pradesh 75 1,415,740 1,400,398


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