Charity
SINGAPORE INSTITUTE OF MANAGEMENT GROUP LIMITED
About
What does SINGAPORE INSTITUTE OF MANAGEMENT GROUP LIMITED do?
Singapore Institute of Management Group Limited (SIM GE) is a leading provider of higher education, professional development programs, and corporate training in Singapore. We empower individuals and organizations to achieve their full potential through innovative learning experiences that foster personal growth and professional success
Founded
2019
People
chia wee boon, chong suk shien, goh yiu kiang euleen, hsieh tsun yan, madeliene lee suh shin, nazri bin othman, yuen kuan moon, lewis jennifer theresa, tinku gupta, chua david
Causes
EducationHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2019
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Enhancing human capital development through higher education and professional training programs, leading to a more skilled workforce in Singapore.
- Empowering individuals by providing them with the necessary skills and knowledge to achieve their career aspirations.
- Encouraging innovation and creativity in learning experiences, fostering an adaptable and dynamic workforce that can thrive in the future job market.
- Contributing to economic growth by equipping individuals and organizations with the tools they need to succeed in a competitive global economy.
- Promoting social mobility by offering accessible education opportunities for people from diverse backgrounds, regardless of their financial status or educational attainment.
- Strengthening Singapore's reputation as a hub for quality higher education and professional development programs, attracting international
Donation Income
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financials
Donation Income
What are the donations used for?
- Enhancing human capital development through higher education and professional training programs, leading to a more skilled workforce in Singapore.
- Empowering individuals by providing them with the necessary skills and knowledge to achieve their career aspirations.
- Encouraging innovation and creativity in learning experiences, fostering an adaptable and dynamic workforce that can thrive in the future job market.
- Contributing to economic growth by equipping individuals and organizations with the tools they need to succeed in a competitive global economy.
- Promoting social mobility by offering accessible education opportunities for people from diverse backgrounds, regardless of their financial status or educational attainment.
- Strengthening Singapore's reputation as a hub for quality higher education and professional development programs, attracting international
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financial Information
Source: Charity PortalCharities 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$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Cash | 0 | 0 | 0 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Kind | 0 | 0 | 0 |
| Government Grants | 1,360,000 | 11,861,000 | 6,180,000 |
| Investment Income | 6,880,000 | 17,233,000 | 12,326,000 |
| Programme Fees | 11,589,000 | 11,537,000 | 3,999,000 |
| Others Income | 145,814,000 | 126,356,000 | 137,625,000 |
| Total Receipts | 165,643,000 | 166,987,000 | 160,130,000 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 138,430,611 | 102,950,774 | 74,580,859 |
| Overseas (Direct & Support) | 124,389 | 196,226 | 38,141 |
| Charitable Activities/Programme Expenses | 138,555,000 | 103,147,000 | 74,619,000 |
| Expenses | |||
| Other Expenses | 45,356,000 | 500,000 | 1,605,000 |
| Total Expenditure | 183,911,000 | 103,647,000 | 76,224,000 |
| Balance Sheet | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 96,790,000 | 122,659,000 | 148,514,000 |
| Other Tangible Assets | 9,046,000 | 6,587,000 | 5,585,000 |
| Investments | 414,092,000 | 247,323,000 | 98,431,000 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 18,173,000 | 64,946,000 | 67,727,000 |
| Cash & Deposits | 48,860,000 | 170,042,000 | 234,672,000 |
| Other Assets | 4,628,000 | 2,928,000 | 1,774,000 |
| Total Assets | 591,589,000 | 614,485,000 | 556,703,000 |
| Funds | |||
| Total Unrestricted Funds | 571,490,000 | 589,758,000 | 526,418,000 |
| Total Restricted Funds | 0 | 0 | 0 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 571,490,000 | 589,758,000 | 526,418,000 |
| Liabilities | |||
| Total Current Liabilities | 17,055,000 | 20,424,000 | 24,723,000 |
| Total Non-Current Liabilities | 3,044,000 | 4,303,000 | 5,562,000 |
| Total Liabilities | 20,099,000 | 24,727,000 | 30,285,000 |
| Total Funds and Liabilities | 591,589,000 | 614,485,000 | 556,703,000 |
| Other Information | Jan 2022 - Dec 2022(S$) | Jan 2021 - Dec 2021(S$) | Jan 2020 - Dec 2020(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 148,000 | 5,792 | 720 |
| No. of Employees | 337 | 344 | 342 |
| Total Employee Cost | 36,736,000 | 36,623,000 | 28,903,000 |
| Fudnraisig Efficiency Ratio | 0 | 0 | 0 |
| Total Related Party Transactions | 55,126,000 | 86,262,000 | 105,441,000 |
People
At SIM GE, individuals collaborate to provide higher education, professional development programs, and corporate training in Singapore. They empower personal and professional growth through innovative learning experiences.
chia wee boon
chong suk shien
goh yiu kiang euleen
hsieh tsun yan
madeliene lee suh shin
nazri bin othman
yuen kuan moon
lewis jennifer theresa
tinku gupta
chua david
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