At PARD INDIA, we adhere to good governance practices to ensure transparency and accountability in all spheres of functioning, from fundraising to reporting. We strive for excellence through compliance with laws and regulations, operational effectiveness through best practices, adoption of ethical fundraising policies, and voluntarily committing to the highest standards of financial transparency and disclosure of information.
Our Accounts are currently audited and certified by the Charted Accountant, M/s M.S. Nageswara Rao & Co (Regd. No. 024878), Tadepalligudem, East Godavari District, Andhra Pradesh (Phone Number: +91-9440213854 / 8818221130). We have complied with the submission of all our Tax Returns as per the Income Tax Regulations of the Government of India since the commencement of our services in 2011.
We comply with the Indian Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI) and follow Cash Basis Accounting Method. We have an Internal Audit Committee comprising eminent professionals from the finance domain to ensure the accounting practices comply with our organization's Accounting Policies and Procedures.
We prepare financial statements with a view to presenting accurate, fair, honest, timely, and transparent financial reports to our donors and stakeholders, who use these reports to see how funds given to PARD INDIA were used to carry out proposed projects or missions. At the end of each financial year, an Annual Audit Report with Financial Statements is published and made available to everyone in the public domain of our website.
All members and employees of PARD INDIA have a responsibility to be good stewards of the resources entrusted to us. Our Executive Committee, supported by Directors and Advisors, exercises independently overall governance leadership, managing risks and ensuring compliance with statutory requirements. The management of PARD INDIA pursues the highest of standards through independent internal audits, statutory audits by a reputed audit firm, operations audits, mid-term evaluations, robust design-based monitoring, and periodic peer reviews.
We reinforce our responsibility to the government by regularly submitting reports and filing returns and accounts with the Income Tax Department and the Ministry of Home Affairs in compliance with the Income Tax Act.
Your donation amount will be spent as per your choice. We assure you of complete transparency and accountability for your donation, as the coding system is built into donation pages that will help to trace the amount received for which cause and, accordingly, the amount spent. We also provide a direct interface between our donors to interact and serve our beneficiaries; such participation creates a bond of joy among all of us.
Our partnership approach in working with like-minded organizations ensures we are accountable, committed, and responsive to all our stakeholders, including beneficiaries. It has always been PARD INDIA's endeavor to convey a public image conforming to reality and speaking honestly. It is our resolve to continually pursue excellence beyond compliance in all aspects of our services - governance, management, operations, and administration.
Find here: Our Accountability towards Your Donation.
Since the commencement of our services in 2011, we have been supporting our projects and programs through contributions made primarily by our own members.
We raise funds by preaching the art of the “Joy of Giving” under the “Collective Fundraising Project”. Every small donation we receive is considered an invaluable investment that supports our beneficiaries – deprived children (V-kids) and their communities, who are often denied equal opportunities and justice in our society.
For the last ten (10) years, from 2014-15 to 2023-24, we raised donations of about 67% from our members and the remaining from external donors, including CSR partners and the local communities. We sustained our operations for over a decade without external funding from outside agencies. The first time we got a CSR project was in March 2023.
We spent more than 82% of our total operating expenses directly on programs that benefitted deprived children (V-kids) and their (marginalized) communities. Our management and overhead costs are less than 17%, attributing primary building rentals and administrative expenses, which are the bare minimum as we operate primarily from villages. City rentals are highly discounted by our patrons, who reciprocate goodwill for our services.
With ambitious plans for 2030, we are expanding our service base geographically. We seek participation from individual donors, charitable institutions, trusts, business organizations, research institutes, CSR companies, and overseas funding agencies to support our projects and to build a better world.
PARD INDIA practices the following best international standards of Monitoring & Evaluation (M&E) methods to ensure that every initiative leaves a lasting and positive impact on the deprived children (V-kids) and their communities that we serve:
All our Projects & Programs have built-in impact assessment as part of project implementation, monitoring, and reporting mechanisms. We identify Key Performance Indicators (KPIs) with targets, and their actual impact is measured (both tangible and non-tangible) daily, monthly, and annually.
Our programs undergo regular evaluation, which helps us analyze the impact of our work, make informed decisions, and even change course if necessary, suiting the local needs as part of our continuous improvements and innovations.
All along the way, we share our results, from time to time, with all our stakeholders (donors, partners, beneficiaries, communities, members, volunteers, employees, and regulators), so that they can be aware of what change is being reported and can validate it through periodical reports, qualitative interviews, testimonials, impact stories, Newsletters, and Annual Reports which are made available in the public domain.
Find here: Impact Reports
Continuous Processes of Monitoring and Evaluation at PARD INDIA
PARD INDIA is an Indian NPO (Registered as a Society), and we comply with the audit requirements as per the Income Tax Act of 1961. The following are the last 10 years' Audited Reports submitted to the Income Tax Department:
For the first time, PARD INDIA got the approval of FCRA on 28th October 2023, valid for 5 years until 27th October 2028.
In accordance with the Rule 13(a) of the Foreign Contribution (Regulation) Rules, 2015, the audited financial statements pertaining to the foreign contributions are given below. This is solely for the purpose of complying with the requirements of the above-said Rule. This should not be copied or misused for any purpose.
In accordance with the Rule 13(a) of the Foreign Contribution (Regulation) Rules, 2015, the audited financial statements pertaining to the foreign contributions are given below. This is solely to comply with the requirements of the above-said Rule. This should not be copied or misused for any purpose.
We are fully compliant with the legal requirements, being a Not-for-Profit Organization (NPO); the following are our main credentials:
Get 50% of Tax Exemption under 80G.
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