Firm Stance – Improving Women And Children Welfare Through Education And Occupation

Background of Manipur Area

Discuss about the Social Capital and Community Empowerment.

Firm Stance is a foundation that will be engaged in enhancing the social welfare of the women and children in India through occupations and education. For the most part, nonprofit foundations are intended to work together with both national and local governments in enhancing the living standards of the local individuals through supported tasks and projects by contributors. The foundation will be situated in Manipur area; which will be its primary operational base while seeking after its objective to enhance the social welfare of the children and women.

Manipur mirrors a mix of high level of social discontinuity, stagnating economy and uprising ruled exercises. Indeed, even following five many years of autonomy, political managerial changes and arranged monetary progress, political vulnerability has hinted at no reduction. Manipur is commanded by high populace development, intensifying monetary relations, quickly expanding capital, innovation and asset prerequisites, decreasing financial openings, delicate peace circumstance et cetera. Today, when financial advancement is progressively changing the national economy and society, the state cannot pull in the instruments that can create monetary improvement through huge inflow of capital and innovation and in the process significantly change the material life states of the regular person. Likewise, the expanding scale and power of regular catastrophes and migration have additionally confused the situation. With transcendently ancestral populace, moving agrarian economy, nonappearance of ventures and slightest of urbanization, the slope regions of Manipur introduce a scene of destitution, joblessness, financial abuse, social hardship, poor wellbeing, absence of education and absence of framework. The state by its geological structure had issues of financial improvement and financial change for a beautiful long stretch. Manipur exhibits a genuine photo of the conditions winning in the poverty of the Indian economy. The low per capita wage, a quick expanding populace, nonappearance of ventures, colossal however for the most part incompetent labor are the recognizable forms of this financially in reverse and discouraged area.

Keeping in mind the end goal to operate within the legal system of the Indian national and local government, the association will look for essential approval from the pertinent bodies to continue with its activities in its zone of operation. This will involve the securing of the vital printed material including operational licenses and permits that gives an organization the legal right to work in a particular area. By being enrolled as a nonprofit organization in Manipur, the association will be allowed the authority to work in the local society and draw in the local group in the social welfare dealings. On an alternate point of view, by being a philanthropic influencing association, Firm Stance will be essentially offering back to the general public through occupation creation and education and along these lines it will be exempted from charge installment and other related taxes keeping in mind the end goal to reduce the expenses related with beginning and running the foundation.

Legal Framework of the Foundation

The main objective of Firm Stance is to offer education programs to children and women. For adults we will offer classes like; household budgeting, tax preparation, retirement planning, cooking, nutrition, work resumes, job creation and more to make them professionals. The organization will also offer occupations for women to improve their ability to provide for their families.

To improve lifestyle, education and women welfare in the local community

Firm Stance Organization endeavors to be an excellent charitable association that emphatically influences the lives of the general population and enhances their living standards by advancing education and employment creation.

The Firm Stance foundation trusts that the children and women are the foundation of the public. A nation with poor practices and policies concerning the welfare of women and children is probably going to suffer essentially because of poor results in political, social and monetary measurements( Singh, 2016). The Firm Stance Organization will target middle school kids around Manipur area and expand its operations to other areas as the association develops. Middle school children are typically schoolchildren between the ages of ten to fourteen years old, and who are at a crucial stage in a child’s development. The Firm Stance organization believes that it is crucial for children at this age to be given opportunity to exploit their talents and adopt a healthy lifestyle. These children need to have strong support from their parent’s especially financial support, which is why the organization focuses on providing occupations to women and educating them too.

Strategy I: Providing education facilities and equipment to schools around Manipur area.

The organization aims at soliciting funds to provide sufficient education equipment to every primary and mid-level school around Manipur. This will contribute significantly in providing quality education to children and women in the region.

Strategy II: Offering occupations to women

The organization will offer training to women in activities such as dressmaking, knitting, pottery and crafts and grant them the chance to use those skills to generate income.

Every organization focuses on the impact it desires to create to the society, or the need it wants to meet in the area, then actualizes the need and formulates the monetary requirements to make it happen. The financial need of an organization is the most important aspect of the organization; this is where the organization establishes if it has the capability to run its program effectively without much strain. As a strategy to bring change in the community and benefit them, it will be important to have a stable supply of the financial capital for the organization (Islam,2016). With the help of a business plan, Firm Stance Organization hopes to raise funds from:

Main Objective of Firm Stance

Presently, most of the international organizations are sponsoring community development projects and programs as a way to give back to the community (Islam,2016). The Firm Stance Organization aims at taking advantage of this by seeking donations from international organizations that have a great sense of society welfare. With the help of a transparent project proposal encompassing budgeting and good financial plan, the organization will be able to secure substantial funding for the defined community based programmes.

The Indian government is currently fostering heath living as a way to improve the living standards of the people. With solid grounds of improving living standards and societal development through education and employment, the organization hopes to get substantial funding by the Indian government to sponsor its programmes.

Financial institutions have a reputation of sponsoring programs undertaken by nonprofit making enterprises. With optimal financial transparency in planning, budgeting a implementation plans, the Firm Stance Organization will be able to secure some financial grants from national financial institutions and other organizations that feel the organization’s education and occupations programme will aid in creating a better society. Giving back to the community though support of local community projects and programmes is a major strategy employed by business organizations to show their concern for the societal welfare and enhance their brand reputation. The women education and occupation programme that will be undertaken by the organization is a project that will result to optimal empowerment of the local women. Therefore, the organization will be sure to get financial grants from financial institutions and other organizations that promote community development.

Most members of the public take interest in participating in community building programmes. The education and occupation programme will be oriented towards promoting children welfare as outset in the objectives of the organization, such an aspect that will greatly attract the attention of the community residents and the entire society. In light of this, the organization hopes to secure some funds from members of members of public as a way to include them in the society-building project. This will be achieved through children welfare communication campaigns around Manipur area and other regions to enlist interested members of the public to participate in improving the lifestyle of their children through the organization’s occupation and education programme.

The organization management will be composed of highly trained personnel, who will ensure that the company maintains a strategic direction in promoting children, women and general society welfare. Any successful organization has first to consider its main reason for existence, failure to plan makes the organization prone to failure. The mission, vision and objectives of the organization will be fundamental aspects of its existence. The legal form of the organization will determine its existence with liability attached to either one individual or the organization being an entity by itself. Challenges are inevitable and every organization is faced with several challenges; Firm Stance Organization management will be change oriented and will likewise ensure optimal flexibility in the organization operations for fast adjustment with changing environments. To sustain a sports not-for profit organization in an area, it is important to understand that it is a learning field, and new challenges arise every time while in the field and the management must focus on the main goal they want to achieve by introducing the project to the community.

Operating Activities:

Operating Income: $119,492

Depreciation Expense 20,156

Loss on Sale of Equipment 460

Increase in Accounts Receivable −24,618

Decrease in Prepaid Expenses 900

Decrease in Accounts Payable −11,110

Decrease in Accrued Expenses −18,460

Net Cash Flow from Operating Activities $86,820

Investing Activities:

Sale of Equipment $40,508

Purchase of Equipment −23,325

Net Cash Flow from Investing Activities $17,185

Financing Activities:

Payment of Dividends −$12,500

Payment of Bond Payable −3,792

Net Cash Flow from Financing Activities −$16,292

Net Change in Cash $4,979

Beginning Cash Balance $11,353

Ending Cash Balance $16,332

The budget is based on the program acting self-supporting within five years of execution. The present and extra costs will be financed through a mix of private donations through Parent Teacher Association and group partners. Proportion investigation is considered as an entrenched device to assess the execution of association’s gainfulness, liquidity and budgetary soundness. Revenue surpluses will be shared with respect to the enlistments among the women and children. Students will not be charged any extra expenses as a major aspect of the program. This spending model is exceptionally traditionalist with enlistment appraises well underneath the normal enlistments for the main year. The management and detailing exercises of the association underscore stewardship for the assets given to the association. Because of the significance of donated assets, financial managers of non-benefit associations decide the raising support focuses as well as recognize the best instruments that meet contributors’ prerequisites. If the program does not produce the normal enlistments, the promoting exertion will be reexamined and changed in accordance with better achieve the planned subjects.

It should be noted that for consistency across categories, positions funded by the organization at the beginning of the program are treated as if they come with fringe. However, since fringe is not paid separately, those positions will come with fringe only after they are moved to program revenue funds. This will take place once the program generates sufficient revenue dollars.

References

Islam, M. R. (2016). Introduction: NGOs, Social Capital and Community Empowerment. NGOs, Social Capital and Community Empowerment in Bangladesh, 1-5. doi:10.1007/978-981-10-1747-6_1

Singh, J. (2016). ‘Government Policies Pertaining To Women Awareness, Implications and Suggestions’ Women and Education. SSRN Electronic Journal. doi:10.2139/ssrn.2745934

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