ABCD
1
USDINRRemarks
2
Total Annual Budget with Adjustment$734,973₹6,10,43,431See below for more on adjustment.
3
For more information on these, see our OKRs (www.fwi.fish/goals).
4
Research & Development (R&D)$338,791₹2,81,38,369This 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$181,186₹1,50,48,475
6
Study Implementation Costs$136,921₹1,13,72,000
7
AKNU Partnership$2,555₹2,12,200
8
Travel$10,951₹9,09,580
9
Miscellaneous Department Costs$2,047₹1,70,000
10
India Service Contractor #1 Overhead (11.5%)$5,130₹4,26,114
11
12
Alliance for Responsible Aquaculture (ARA)$139,401₹1,15,78,017This 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$99,705₹82,81,017
14
Office Expenses$9,801₹8,14,000
15
Equipment$6,020₹5,00,000
16
Transportation$6,502₹5,40,000
17
Other and Contingency$14,846₹12,33,000
18
India Service Contractor #1 Overhead (11.5%)$2,528₹2,10,000
19
20
Policy and Stakeholders (P&S)$54,180₹44,99,975This 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$35,294₹29,31,336
22
Travel & Logistics$6,261₹5,20,000
23
Farmer Trainings$8,910₹7,40,000
24
Contingency$2,408₹2,00,000
25
India Service Contractor #1 Overhead (11.5%)$1,308₹1,08,639
26
27
India Support$112,521₹93,45,433This part of the budget consists of our administrative work in India, which goes to enable all the programs we run there.
28
Personnel Costs$49,410₹41,03,796
29
Travel & Logistics$13,003₹10,80,000
30
Staff Training & Development$9,247₹7,68,000
31
Misc and Contigency$21,480₹17,84,000
32
India Service Contractor #1 Overhead (11.5%)$2,678₹2,22,404
33
Accounting fees for India$8,756₹7,27,233
34
India Service Contractor #2 Overhead (flat fee)$7,947₹6,60,000
35
36
International$164,340₹1,36,49,316This 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.
37
Personnel Costs$119,040₹98,86,909
38
Other Expenses and Contigency$45,300₹37,62,407
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40
41
Other Notes
42
43
Budget Overview
44
Research & Development (R&D)$338,791
45
Alliance for Responsible Aquaculture (ARA)$139,401
46
Policy and Stakeholders (P&S)$54,180
47
India Support$112,521
48
International$164,340
49
50
51
52
53
54
55
Service Contractor & Accounting Total Fees
$28,347These are the fees we pay to enable operations in India.
56
India Service Contractor #1 Rate11.5%
57
Part of year with India Service Contractor #10.25
58
India Service Contractor #1 Overhead (11.5%)$11,645
59
Accounting fees for India$8,756
60
India Service Contractor #2 Overhead (flat fee)$7,947
61
62
63
Currency Exchange (dynamic)
64
183.05535Note that, because this is dynamic, our figures do fluctuate somewhat.
65
USDINR
66
67
68
Error Checks (should be $0)
69
Total currency difference$0
70
Partial sums USD$0
71
72
73
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.
74
2023 Budget$670,000
75
2023 Spend$721,000
76
2023 Proportion of Spending Budgeted Funds (as of end of Q3)
108%
77
78
2022 Budget$630,000
79
2022 Spend$493,000
80
2022 Proportion of Spending Budgeted Funds78%
81
82
2021 Budget$321,000
83
2021 Spend$278,000
84
2021 Proportion of Spending Budgeted Funds87%