2026-06-22T13:44:03-05:00 2025-12-31 475208450 NASH CPAS LLC 501 PROVIDENCE HWY NORWOOD MA 02062 990 2025-01-01 830485169 THE MIDAS COLLABORATIVE INC MIDA 6175323916 77 FRANKLIN STREET 9TH FLOOR BOSTON MA 02110 ROSE FRANCOIS EXECUTIVE DIRECTOR 6175323916 2026-06-22 1 ALISON JOHNSON CPA P01526964 7812861320 2026-06-22 2025 2025-03-06 01:10:19Z ROSE FRANCOIS 77 FRANKLIN STREET 9TH FLOOR BOSTON MA 02110 685566 0 X WWW.MIDASCOLLAB.ORG X 2007 MA ORGANIZATION ADVANCES FINANCIAL SECURITY OF LOW- AND MODERATE-INCOME RESIDENTS OF MASSACHUSETTS. 7 7 5 7 0 0 466104 522320 191279 163183 257 63 -21516 0 636124 685566 0 0 0 0 260964 359135 0 0 70155 320253 150695 581217 509830 54907 175736 1097147 1058389 585178 370684 511969 687705 X TO COORDINATE A STATEWIDE COLLABORATIVE OF COMMUNITY-BASED, NOT-FOR-PROFIT ORGANIZATIONS THAT FACILITATE THE ASSET DEVELOPMENT OF LOW-INCOME FAMILIES, THROUGH INCREASED FINANCIAL MANAGEMENT SKILLS, COMMUNITY AND PEER SUPPORT, AND ACCESS TO WEALTH BUILDING VEHICLES. 0 0 266848 163183 MATCHED SAVINGS PROGRAM - UTILIZING A SYSTEMS CHANGE FRAMEWORK THAT INCLUDES INCREASING AND SUSTAINING MATCHED SAVINGS PROGRAMS, MIDAS SERVES AS THE FIDUCIARY FOR 600+ MSP BANK ACCOUNTS. THESE ACCOUNTS ARE COMPONENTS OF LARGER ASSET-BUILDING PROGRAMS OFFERED BY COMMUNITY PARTNER ORGANIZATIONS. COMMUNITY PARTNER ORGANIZATIONS PRIMARILY CONSIST OF 501(C)(3) DESIGNATED NON-PROFITS SERVING LOW-TO-MODERATE INCOME POPULATIONS. THE COMMUNITY PARTNER ORGANIZATION RECRUITS THE PARTICIPANT COHORTS; INDIVIDUALS SET SAVINGS GOALS AND MAKE CONTRIBUTIONS WHILE RECEIVING FINANCIAL EDUCATION AND TRAINING FROM THE COMMUNITY PARTNER ORGANIZATIONS. WHEN SAVINGS GOALS ARE ACHIEVED, THEY ARE MATCHED AT VARIOUS RATES FROM 1:1 AND AS HIGH AS 4:1, ALLOWING PARTICIPANTS TO MAKE LIFE-CHANGING AND WEALTH-BUILDING INVESTMENTS IN A HOME, EDUCATION, OR SMALL BUSINESS. THE MIDAS COLLABORATIVE PROVIDES CRITICAL TECHNICAL ASSISTANCE, ADMINISTRATIVE SUPPORT, AND PROGRAM DESIGN SUPPORT TO OUR COMMUNITY PARTNER ORGANIZATIONS. THE MATCHED SAVINGS PROGRAM SUPPORTS LOW- TO MODERATE-INCOME COMMUNITIES IN BUILDING ASSETS, THEREBY ALLEVIATING THE EXISTING WEALTH GAP IN MASSACHUSETTS. 9000 THE FINANCIAL EMPOWERMENT LEARNING INSTITUTE (FELI) - MIDAS, IN PARTNERSHIP WITH UNITED WAY, LEADS A STATEWIDE WORKFORCE DEVELOPMENT INITIATIVE THAT EQUIPS NONPROFIT PROFESSIONALS IN THE PERSONAL FINANCE SECTOR WITH THE SKILLS AND KNOWLEDGE NEEDED TO DELIVER HIGH-IMPACT FINANCIAL COACHING ACROSS MASSACHUSETTS. IN 2024, FELI LAUNCHED A PILOT TRAINING INITIATIVE TO PROFESSIONALIZE COMMUNITY-BASED COACHING, REDUCE COACH ATTRITION, AND IMPROVE OUTCOMES IN DISINVESTED COMMUNITIES. FOR THE FIRST TIME, FELI PARTNERED WITH THE ASSOCIATION FOR FINANCIAL COUNSELING & PLANNING EDUCATION (AFCPE) TO PROVIDE FOUNDATIONAL TRAINING FOR NEW OR PREVIOUSLY UNTRAINED NONPROFIT STAFF. THIS PROGRAM FEATURES A COHORT MODEL AND INCLUDES A PATHWAY TO CERTIFICATION FOR TENURED NONPROFIT STAFF. FELI HAS HELPED TO TRAIN OVER 650+ NONPROFIT PROFESSIONALS SINCE 2015, WITH 200+ ORGANIZATIONS REPRESENTED FROM ACROSS MASSACHUSETTS. FELI PARTICIPANTS HAVE AN 85% COMPLETION RATE, ALLOWING THEM TO BETTER SERVE COMMUNITIES WITH CULTURALLY RELEVANT FINANCIAL EDUCATION. 275848 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X KAREN BURG 6175323916 77 FRANKLIN STREET 9TH FLOOR BOSTON MA 02110 ROSE FRANCOIS EXECUTIVE DIRECTOR 40.00 X 130389 0 8466 KAREN BURG DIRECTOR OF FINANCE/OPERATIONS 40.00 X 42987 0 298 DAN MATLOFF CHAIR (UNTIL 1/25) 5.00 X X 0 0 0 EMILIO DORCELY SECRETARY 5.00 X X 0 0 0 ALEX MELIKAN TREASURER 5.00 X X 0 0 0 ANTHONINA FENELON DIRECTOR 1.00 X 0 0 0 MICHAEL D ANDELMAN DIRECTOR 1.00 X 0 0 0 RASHMI DYAL-CHAND DIRECTOR 1.00 X 0 0 0 RICHARD MANUEL DIRECTOR 1.00 X 0 0 0 MIMI TURCHINETZ DIRECTOR 1.00 X 0 0 0 173376 0 8764 1 0 0 0 0 100000 250000 172320 522320 PROGRAM SERVICE FEES 611710 163183 163183 163183 63 63 685566 163183 0 63 X 182140 108323 41298 32519 141091 84826 32589 23676 234 109 33 92 35670 23633 7346 4691 32217 12932 19204 81 58794 23601 35045 148 31430 18486 12873 71 1750 1750 3609 3609 EVENT EXPENSES 7818 7818 LICENSES 6375 6375 STORAGE AND REMOVAL 2496 2496 6206 329 4818 1059 509830 275848 163827 70155 230537 341431 126189 125252 188500 190000 47468 41938 8191 8899 3059 3059 0 0 496262 350869 1097147 1058389 88916 19815 496262 350869 585178 370684 X 511969 687705 511969 687705 1097147 1058389 175736 0 X 0 1 X 1 0 X 126516 467695 373622 466104 522320 1956257 126516 467695 373622 466104 522320 1956257 101072 1855185 119 58 96 257 63 593 7118 9215 16333 1973183 712669 0.94020 0.99940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6479 6479 503351 509830 101475 25369 0 0 93207 106496 101233 101475 402411 603617 5052 8277 6223 6479 26031 23302 26624 25308 25369 100603 150905 5052 8277 6223 6479 26031 3059 3059 0 0 FUNDS HELD FOR OTHERS 350869 350869 FUNDS HELD FOR OTHERS 350869 350869 X 685566 0 685566 0 685566 509830 0 509830 0 509830 PART X, LINE 2: THE ORGANIZATION QUALIFIES AS AN ORGANIZATION FORMED FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS GENERALLY NOT SUBJECT TO INCOME TAX. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE ORGANIZATION IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE IRC. MANAGEMENT HAS ANALYZED THE TAX POSITION TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2025, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE ORGANIZATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. GENERALLY, THE ORGANIZATION'S INFORMATION RETURNS REMAIN OPEN FOR POSSIBLE EXAMINATION FOR THREE YEARS AFTER THE FILING DATE. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2022 REMAIN OPEN. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO CLASSES OF MEMBERSHIP: FULL MEMBERS AND AFFILIATE MEMBERS. ADMISSION AS A FULL OR AFFILIATE MEMBER REQUIRES NOMINATION BY EITHER AN EXISTING FULL MEMBER IN GOOD STANDING OR AN OFFICER OF THE ORGANIZATION AND AN AFFIRMATIVE VOTE OF THE BOARD OF DIRECTORS. FULL MEMBERSHIP IS AVAILABLE ONLY TO ORGANIZATIONS INVOLVED IN PROMOTING THE ACCUMULATION OF ASSETS BY, OR WORKING TO IMPROVE THE FINANCIAL STABILITY OR SECURITY FOR LOW OR MODERATE INCOME PERSONS. AFFILIATE MEMBERSHIP IS AVAILABLE ONLY TO PERSONS NOT EMPLOYED OR REPRESENTING ANY FULL MEMBER. FORM 990, PART VI, SECTION A, LINE 7A NEW BOARD MEMBERS ARE VOTED ON BY BOTH THE EXISTING BOARD AND ORGANIZATION MEMBERS FORM 990, PART VI, SECTION A, LINE 7B FULL MEMBERS HAVE VOTING RIGHTS. EACH FULL MEMBER IS ENTITLED TO CAST ONE VOTE ON ANY MATTER BROUGHT TO THE FULL MEMBERSHIP FOR VOTE. AFFILIATE MEMBERS DO NOT HAVE VOTING RIGHTS, BUT ARE ENTITLED TO NOTICE OF, TO BE PRESENT AND TO PARTICIPATE IN ALL MEETINGS OF FULL MEMBERS. ANY BYLAW ADOPTED BY THE DIRECTORS MAY BE AMENDED OR REPEALED BY THE AFFIRMATIVE VOTE OF THE FULL MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B IRS FORM 990 IS REVIEWED WITH THE PREPARER BY MANAGEMENT PRIOR TO SUBMISSION. A COMPLETE COPY OF FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS AHEAD OF FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURE OF INTERESTS PROVIDED AS PART OF THE ANNUAL FINANCIAL STATEMENT AND TAX PREPARATION PROCESS. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY AS PART OF THE BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS PROVIDED UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 23,601. MANAGEMENT AND GENERAL EXPENSES 33,429. FUNDRAISING EXPENSES 148. TOTAL EXPENSES 57,178. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,616. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,616.