ABCD
1
USDINRRemarks
2
Total Annual Budget with Adjustment$717,801₹6,78,38,070See below for more on adjustment.
3
For more information on these, see our OKRs (www.fwi.fish/goals).
4
Research & Development (R&D)$313,557₹2,96,33,732This part of the budget primarily consists in funding ~2 studies and ~1 exploratory program on the ground in India, all for the purpose of identifying programs that can be scaled up.
5
Personnel Costs$174,985₹1,65,37,462
6
Study Implementation Costs$120,328₹1,13,72,000
7
AKNU Partnership$2,245₹2,12,200
8
Travel$9,624₹9,09,580
9
Miscellaneous Department Costs$1,799₹1,70,000
10
India Service Contractor #1 Overhead (11.5%)$4,576₹4,32,490
11
12
Alliance for Responsible Aquaculture (ARA)$122,137₹1,15,42,899This part of the budget consists of paying for the implementation of the program we currently believe is most promising, our Alliance For Responsible Aquaculture (www.fwi.fish/ara). We are investing both in its continued operations as well as in making programmatic improvements to it, although we are not investing as heavily as we could into its expansion as we are also investigating alternative programs.
13
Personnel Costs$87,621₹82,80,939
14
Office Expenses$8,391₹7,93,000
15
Equipment$5,291₹5,00,000
16
Transportation$5,714₹5,40,000
17
Other and Contingency$13,046₹12,33,000
18
India Service Contractor #1 Overhead (11.5%)$2,073₹1,95,960
19
20
Policy and Stakeholders (P&S)$48,346 ₹45,69,107This part of the budget consists of our work to a) build a positive policy environment for fishes in India, and b) our collaborations with other stakeholders who may enable us to scale.
21
Personnel Costs$31,728 ₹29,98,536
22
Travel & Logistics$5,502 ₹5,20,000
23
Farmer Trainings and Projects$7,830 ₹7,40,000
24
Contingency$2,116 ₹2,00,000
25
India Service Contractor #1 Overhead (11.5%)$1,170 ₹1,10,571
26
27
India Support$99,946₹94,45,713This part of the budget consists of our administrative work in India, which goes to enable all the programs we run there.
28
Personnel Costs$43,423₹41,03,796
29
Travel & Logistics$11,428₹10,80,000
30
Staff Training & Development$8,126₹7,68,000
31
Misc and Contigency$18,877₹17,84,000
32
India Service Contractor #1 Overhead (11.5%)$2,353₹2,22,404
33
Accounting fees for India$8,756₹8,27,513
34
India Service Contractor #2 Overhead (flat fee)$6,984₹6,60,000
35
36
China$42,000₹39,69,342This is for our work in China, which we expect to conduct in the secnod half of the year. Note that this is probably the most uncertain part of our budget. For more information, see: www.fwi.fish/post/china-updates.
37
Personnel Costs$13,500₹12,75,860
38
Other Expenses$28,500₹26,93,482
39
40
International$164,340₹1,55,31,469This part of the budget consists partially of our non-India and non-programmatic staff (e.g. Executive Director, Director of Impact and Evaluation, ops and comms staff, etc.). Most of their work is focused on the India project. The Other Expenses primarily include administrative expenses as well as international conference attendance.
41
Personnel Costs$119,040₹1,12,50,250
42
Other Expenses and Contigency$45,300₹42,81,219
43
44
45
Other Notes
46
47
Budget Overview
48
Research & Development (R&D)$313,557
49
Alliance for Responsible Aquaculture (ARA)$122,137
50
Policy and Stakeholders (P&S)$48,346
51
India Support$99,946
52
China$42,000
53
International$164,340
54
55
56
57
58
59
Service Contractor & Accounting Total Fees
$25,912
60
India Service Contractor #1 Rate11.5%These are the fees we pay to enable operations in India.
61
Part of year with India Service Contractor #10.25
62
India Service Contractor #1 Overhead (11.5%)$10,173
63
Accounting fees for India$8,756
64
India Service Contractor #2 Overhead (flat fee)$6,984
65
66
67
Currency Exchange (dynamic)
68
194.50815Note that, because this is dynamic, our figures do fluctuate somewhat.
69
USDINR
70
71
72
Error Checks (should be $0)
73
Total currency difference$0
74
Partial sums USD$0
75
76
77
Base Rate Adjustment on Budget91%The purpose of this section is to more accurately forecast how much our spend will be in 2024 by understanding what percent of our budget have we spent in years previously. Even though our inside view here is that we will spend X amount, we think it's important to consider the base rate—so we adjust our budget accordingly. Our budget directly informs how much we fundraise, including when we stop fundraising, so we're mindful of trying to get to a predictive figure here.
78
2023 Budget$670,000
79
2023 Spend$721,000
80
2023 Proportion of Spending Budgeted Funds108%
81
82
2022 Budget$630,000
83
2022 Spend$493,000
84
2022 Proportion of Spending Budgeted Funds78%
85
86
2021 Budget$321,000
87
2021 Spend$278,000
88
2021 Proportion of Spending Budgeted Funds87%