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
- Apsara Foundation was registered as a Trust by the Delhi sub registrar.
- Date of registration: Sept 24 , 2010
- The address given by the Apsara Foundation is physically verifiable.
- Registration under Sec.12A of Income Tax Act is under process.
- 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.).
- Apsara Foundation is unbiased in carrying out the activities of the organization.
- Apsara Foundation has no political affiliation. We define political organization as where:
- FCRA says it is ‘political’ OR
- CEO is a nominated/elected rep in any arm of Indian government (MP/MLA/minister/ Panchayat official, mayor, etc.), OR
- Office bearer of any political party, OR
- More than 1 Board member is from the same political party, OR
- 2 or more Board members are nominated/elected rep in any arm of Indian Government, OR
- Government (MP/MLA/minister/ Panchayat official, mayor, etc.), or office bearer of any political party.
- Apsara Foundation is a non-religious organization.A religious organization is one that:
- Conducts religious activities on a systematic and regular basis, OR
- Owns and/or runs a place of worship, OR
- Has 50% or more members on the Board who are practitioners of religion (priests, etc.) OR
- Is set up and/or managed by a religious institution or organization OR
- Is listed as Religious under FCRA
- 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.
- 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
- Whenever requested, Apsara Foundation will prepare and send timely feedback reports of fund utilization within 6 months of receiving donations.
- Apsara Foundation has a broadband connection and emails are checked regularly
Listing Norms
- Apsara Foundation has a vision statement articulated beyond the registration document, which drives the organization.
- Apsara Foundation has defined measurable indicators which will measure its performance against its stated objectives:
- Apsara Foundation has a Governing Board.
- Apsara Foundation discloses name, age, gender, occupation, and position of its board members.
- At least 1 /3 of Apsara Foundation Board members are unrelated by blood or marriage
- None of the Board members of Apsara Foundation organization have remunerative roles.
- 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.
- Minutes of Board meetings are documented and circulated.
- Apsara Foundation has a policy related to Board rotation. At present policy is of having no rotation.
- The Board approves and reviews programs, budgets, annual activity reports and audited financial statements.
- The Board ensures Apsara Foundation is compliant with applicable laws and regulations
- Apsara Foundation activities are in line with the vision/purpose/objective of the organization.
- Apsara Foundation has appropriate systems in place for:
- Periodic program planning/ monitoring/ review
- Internal controls
- Apsara Foundation practices consultative decision making.
- Clear roles and responsibilities for personnel (including volunteers) exist.
- All paid personnel will be issued a letter of contract/ appointment
- Apsara Foundation has an appropriate Personnel Policy in place.
- The organization has a written Board Policy for Purchase or Sale of Assets / Investments to gain Comparative Advantage for the Organization.