Transparency Policy

Apsara Foundation values the trust and faith you have placed in us while making a donation. To ensure that we live up to this trust, we have adopted the following criteria to conduct our organization.

Disclosures & Policies

  1. Apsara Foundation  was registered as a Trust by the Delhi sub registrar.
  2. Date of registration: Sept 24 , 2010
  3. The address given by the Apsara Foundation is physically verifiable.
  4. Registration under Sec.12A of Income Tax Act is under process.
  5. A minimum of 50 percent of Apsara Foundation beneficiaries are poor (family income < Rs 4250 per month for economically disadvantaged people and family income < Rs 15000 per month for those who are disadvantaged in other ways disabled, etc.).
  6. Apsara Foundation is unbiased in carrying out the activities of the organization.  
  7. Apsara Foundation has no political affiliation. We define political organization as where:
    1. FCRA says it is ‘political’ OR
    2. CEO is a nominated/elected rep in any arm of Indian government (MP/MLA/minister/ Panchayat official, mayor, etc.), OR
    3. Office bearer of any political party, OR
    4. More than 1 Board member is from the same political party, OR
    5. 2 or more Board members are nominated/elected rep in any arm of Indian Government, OR
    6. Government (MP/MLA/minister/ Panchayat official, mayor, etc.), or office bearer of any political party.
  8. Apsara Foundation is a non-religious organization.A religious organization is one that:
    1. Conducts religious activities on a systematic and regular basis, OR
    2. Owns and/or runs a place of worship, OR
    3. Has 50% or more members on the Board who are practitioners of religion (priests, etc.) OR
    4. Is set up and/or managed by a religious institution or organization OR
    5. Is listed as Religious under FCRA
  9. We are willing to create specific volunteer  opportunities based on time/skills e.g.   workshops trainer, help distribute  ‘New Age Learning and Reading Skills’ book, research  new trends in learning and education etc.
  10. Apsara Foundation is an implementing agency i.e. we actually carry out programs  on the ground, and are not only an intermediary or funding agency
  11. Whenever requested, Apsara Foundation will prepare and send timely feedback reports of fund utilization within 6 months of receiving donations.
  12. Apsara Foundation has a broadband connection and emails are checked regularly 

Listing Norms

  1. Apsara Foundation  has a vision statement articulated beyond the registration document, which drives the organization.
  2. Apsara Foundation has defined measurable indicators which will measure its performance against its stated objectives:
  3. Apsara  Foundation  has a Governing Board.
  4. Apsara Foundation discloses name, age, gender, occupation, and position of its board members.
  5. At least 1 /3 of Apsara  Foundation Board members are unrelated by blood or marriage
  6. None of the Board members of Apsara Foundation  organization have remunerative roles.
  7. Apsara Foundation Board has at 2 meetings in a financial year, suitably spaced (at least 3 months) with quorum as stipulated in its own articles of Association.
  8. Minutes of Board meetings are documented and circulated.
  9. Apsara Foundation has a policy related to Board rotation. At present policy is of having no rotation.
  10. The Board approves and reviews programs, budgets, annual activity reports and audited financial statements.
  11. The Board ensures Apsara Foundation is compliant with applicable laws and regulations
  12. Apsara Foundation activities are in line with the vision/purpose/objective of the organization.
  13. Apsara  Foundation  has appropriate systems in place for:
    1. Periodic program planning/ monitoring/ review
    2. Internal controls
    3. Apsara Foundation practices consultative decision making.
  14. Clear roles and responsibilities for personnel (including volunteers) exist.
  15. All paid personnel will be issued a letter of contract/ appointment
  16. Apsara Foundation has an appropriate Personnel Policy in place.
  17. The organization has a written Board Policy for Purchase or Sale of Assets / Investments to gain Comparative Advantage for the Organization.
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