Charity

Management Development Institute of Singapore (MDIS)

Summary FinancialsPeopleNews & ActivitiesSimilar

About

Management Development Institute of Singapore (MDIS) banner

What does Management Development Institute of Singapore (MDIS) do?

MDIS, or Management Development Institute of Singapore, is a charitable organization dedicated to enhancing education for local students by offering bursaries, scholarships, and loans for courses at approved institutions. Their vision is to be the go-to choice for lifelong learning with global recognition, while their mission focuses on maximizing future readiness through globally recognized and competency-based programs.

Founded

1996

People

kuan choon hock, chua chen how, syn kiu choong,christopher, wong sin yew, shareef bin abdul jaffar, tham kong khuan, roger, gan kuat cheong, yeow shih shin christopher, anthony yee kum choon, ho khee lim

Causes

Education Health & Wellness No Poverty

Highlights

Donations are tax-deductible
Registered Charity
Established since 1996
Published yearly Annual Reports
Audited Financial Statements

Society Impact

Increased access to education: By providing bursaries, scholarships, and loans for students who are Singaporean citizens or permanent residents, MDIS helps increase the number of individuals who can afford higher education.
Improved academic performance: With financial assistance, more students may be able to focus on their studies rather than worrying about finances, which could lead to improved academic performance and increased graduation rates.
Enhanced economic opportunities: By offering globally recognized programs that emphasize competency-based learning, MDIS can help individuals gain the skills they need for better job prospects in a global economy.
Greater social mobility: By providing educational opportunities to those who might not otherwise have them, MDIS could contribute to greater social mobility and reduce income inequality within Singaporean society.

Donation Income

S$15,866,988In 2022

Financials

Donation Income

S$15,866,988In 2022

What are the donations used for?

Increased access to education: By providing bursaries, scholarships, and loans for students who are Singaporean citizens or permanent residents, MDIS helps increase the number of individuals who can afford higher education.
Improved academic performance: With financial assistance, more students may be able to focus on their studies rather than worrying about finances, which could lead to improved academic performance and increased graduation rates.
Enhanced economic opportunities: By offering globally recognized programs that emphasize competency-based learning, MDIS can help individuals gain the skills they need for better job prospects in a global economy.
Greater social mobility: By providing educational opportunities to those who might not otherwise have them, MDIS could contribute to greater social mobility and reduce income inequality within Singaporean society.

Financial Information

Source: Charity Portal

Charities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.

Receipts	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Donations in Cash
Tax-Deductible	0	0	0
Non Tax-Deductible	0	0	0
Total Donations in Cash	0	0	0
Donations in Kind
Tax-Deductible	0	0	0
Non Tax-Deductible	0	0	0
Total Donations in Kind	0	0	0
Government Grants	1,378	33,242	962,963
Investment Income	894,676	689,212	207,895
Programme Fees	0	0	0
Others Income	14,969,556	15,103,616	15,210,681
Total Receipts	15,865,610	15,826,070	16,381,539
Capital in Nature	1,378	33,242	0

Expenses	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Fundraising Expenses
Fundraising Expenses	0	0	0
Charitable Activities/Programme Expenses
Local (Direct & Support)	0	0	0
Overseas (Direct & Support)	0	0	0
Charitable Activities/Programme Expenses	NaN	NaN	0
Expenses
Other Expenses	17,620,252	19,039,641	19,343,781
Total Expenditure	17,620,252	19,039,641	19,343,781

Balance Sheet	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Assets
Land and Buildings	25,712,483	38,000,576	49,945,869
Other Tangible Assets	681,344	983,290	881,596
Investments	21,047,510	21,416,509	21,742,088
Inventories	2,824	2,795	159,317
Account Receivables	190,168,738	185,375,290	175,490,326
Cash & Deposits	20,263,268	13,246,314	13,419,701
Other Assets	1,222,425	1,711,394	2,200,364
Total Assets	259,098,592	260,736,168	263,839,261
Funds
Total Unrestricted Funds	239,467,940	235,629,259	238,903,035
Total Restricted Funds	16,925,849	22,519,164	22,519,164
Endowments Funds	0	0	0
Total Funds and Reserves	256,393,789	258,148,423	261,422,199
Liabilities
Total Current Liabilities	2,639,579	2,529,630	2,332,262
Total Non-Current Liabilities	65,224	58,115	84,800
Total Liabilities	2,704,803	2,587,745	2,417,062
Total Funds and Liabilities	259,098,592	260,736,168	263,839,261

Other Information	Jan 2022 - Dec 2022(S$)	Jan 2021 - Dec 2021(S$)	Jan 2020 - Dec 2020(S$)
Donations, Grants and Sponsorships given to other registred charities	0	0	0
No. of Employees	8	8	11
Total Employee Cost	498,458	433,074	583,994
Fudnraisig Efficiency Ratio	0	0	0
Total Related Party Transactions	2,474,106	1,080,852	1,206,621