MIDAS COLLABORATIVE INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MIDAS COLLABORATIVE INC (EIN 83-0485169)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-09-19
- IRS object ID
- 202442639349301224
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-09-19T15:42:30-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042929980 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BURKHART PIZZANELLI PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 PARK AVE SUITE 2 | AddressLine1Txt |
| City | WEST SPRINGFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 010891597 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 830485169 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MIDAS COLLABORATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MIDA | BusinessNameControlTxt |
| Phone | 6175323916 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 OLIVER STREET 802 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALEX MELIKAN | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 6175323916 | PhoneNum |
| Signature | 2024-09-18 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JULIE QUINK | PreparerPersonNm |
| PTIN | P01068729 | PTIN |
| Phone | 4137349040 | PhoneNum |
| Preparation | 2024-09-18 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | CAROLYN BRANDES | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 OLIVER STREET 802 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $505,606 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MIDASCOLLAB.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2007 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | THE MIDAS COLLABORATIVE WORKS TO ADVANCE THE FINANCIAL SECURITY OF LOW- AND MODERATE-INCOME RESIDENTS ACROSS MASSACHUSETTS IN COLLABORATION WITH ITS MEMBER ORGANIZATIONS AND PARTNERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 6 | TotalEmployeeCnt |
| Total Volunteers | 3 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $467,695 | PYContributionsGrantsAmt |
| CY Contributions Grants | $373,622 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $152,653 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $94,865 | CYProgramServiceRevenueAmt |
| PY Investment Income | $58 | PYInvestmentIncomeAmt |
| CY Investment Income | $96 | CYInvestmentIncomeAmt |
| PY Other Revenue | $7,118 | PYOtherRevenueAmt |
| CY Other Revenue | $9,215 | CYOtherRevenueAmt |
| PY Total Revenue | $627,524 | PYTotalRevenueAmt |
| CY Total Revenue | $477,798 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $235,057 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $328,938 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $4,916 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $214,739 | PYOtherExpensesAmt |
| CY Other Expenses | $186,560 | CYOtherExpensesAmt |
| PY Total Expenses | $449,796 | PYTotalExpensesAmt |
| CY Total Expenses | $515,498 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $177,728 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$37,700 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,003,033 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,177,038 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $633,271 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $719,976 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $369,762 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $457,062 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $316,368 | ExpenseAmt |
| Revenue | $94,865 | RevenueAmt |
| Desc | BUILDING SAVINGS AND INVESTMENT: MIDAS OPERATES MULTIPLE MATCHED SAVINGS PROGRAMS IN PARTNERSHIP WITH MEMBER COMMUNITY ORGANIZATIONS ACROSS MASSACHUSETTS. 8 PARTNER SITES ENROLLED 567 PARTICIPANTS WHO ATTENDED WORKSHOPS AND COUNSELING SESSIONS TO BUILD THEIR FINANCIAL SKILLS AND CAPABILITIES. 224 MATCH SAVINGS PROGRAM PARTICIPANTS GRADUATED IN 2023, MAKING INVESTMENTS IN HOMES, HIGHER EDUCATION PROGRAMS, SMALL BUSINESSES, AND OTHER ASSETS SUCH AS CARS, COMPUTERS, TEXTBOOKS, AND EMERGENCY SAVINGS FUNDS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $122,924 | ExpenseAmt |
| Desc | MIDAS PROVIDED COMPREHENSIVE TRAINING TO STAFF FROM MEMBER COMMUNITY ORGANIZATIONS STATEWIDE, WHO SERVE LOW- AND MODERATE-INCOME RESIDENTS. ADDITIONALLY, TRAININGS WERE CONDUCTED FOR MEMBERS OF THE PUBLIC, EDUCATORS, AND POLICYMAKERS AT THE ANNUAL FINANCIAL EDUCATION SUMMIT, COVERING TOPICS SUCH AS ASSET BUILDING, FINANCIAL CAPABILITY, AND FINANCIAL HEALTH AND WELLNESS. MIDAS ALSO ACTIVELY PARTICIPATED IN POLICY COALITIONS AND ENGAGED IN STATE-LEVEL DISCUSSIONS FOCUSED ON FINANCIAL LITERACY, EDUCATION, AND ASSET BUILDING, WITH THE GOAL OF ADVANCING POLICIES THAT ADDRESS INCOME INEQUALITY AND PROMOTE ECONOMIC JUSTICE FOR LOW- AND MODERATE-INCOME COMMUNITIES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $439,292 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 6 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 6 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CAROLYN BRANDES | PersonNm |
| Phone | 6175323916 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 OLIVER STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| MOLLY GOODMAN | ||||||
| EXECUTIVE DI | 40.00 | Yes (X) | $94,021 | $0 | $7,466 | |
| JONA MARASHI | ||||||
| TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ANTHONINA FENELON | ||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | |
| NATASHA ELDRIDGE | ||||||
| CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SARA GARRITY-GENTILE | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| SANDEE SIMSHAUSER | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| CONNIE O'HARE | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| ALEX MELIKAN | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| LAURA MCLAUGHLIN | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| DAN MATLOFF | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| ROBERT TORRES | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| EMILIO DORCELY | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| MICHAEL ANDELMAN | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| APRIL TATE | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $94,021 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $7,466 | TotalOtherCompensationAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Federated Campaigns | $67,933 | FederatedCampaignsAmt |
| Membership Dues | $2,250 | MembershipDuesAmt |
| Government Grants | $250,000 | GovernmentGrantsAmt |
| All Other Contributions | $53,439 | AllOtherContributionsAmt |
| Total Contributions | $373,622 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAM SERVICE FEES - MSP | Desc |
| Business | 611710 | BusinessCd |
| Total Revenue Column | $94,865 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $94,865 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $94,865 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $96 | TotalRevenueColumnAmt |
| Exclusion | $96 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $37,023 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $27,808 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,215 | TotalRevenueColumnAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $477,798 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $94,865 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $96 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $94,021 | TotalAmt |
| Program Services | $79,918 | ProgramServicesAmt |
| Management And General | $13,163 | ManagementAndGeneralAmt |
| Fundraising | $940 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $185,479 | TotalAmt |
| Program Services | $157,657 | ProgramServicesAmt |
| Management And General | $25,967 | ManagementAndGeneralAmt |
| Fundraising | $1,855 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,257 | TotalAmt |
| Program Services | $18,068 | ProgramServicesAmt |
| Management And General | $2,976 | ManagementAndGeneralAmt |
| Fundraising | $213 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,181 | TotalAmt |
| Program Services | $23,954 | ProgramServicesAmt |
| Management And General | $3,945 | ManagementAndGeneralAmt |
| Fundraising | $282 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,140 | TotalAmt |
| Program Services | $24,769 | ProgramServicesAmt |
| Management And General | $4,080 | ManagementAndGeneralAmt |
| Fundraising | $291 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,104 | TotalAmt |
| Program Services | $91,039 | ProgramServicesAmt |
| Management And General | $14,994 | ManagementAndGeneralAmt |
| Fundraising | $1,071 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,642 | TotalAmt |
| Program Services | $1,396 | ProgramServicesAmt |
| Management And General | $230 | ManagementAndGeneralAmt |
| Fundraising | $16 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,802 | TotalAmt |
| Program Services | $3,232 | ProgramServicesAmt |
| Management And General | $532 | ManagementAndGeneralAmt |
| Fundraising | $38 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $628 | TotalAmt |
| Program Services | $628 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,020 | TotalAmt |
| Program Services | $867 | ProgramServicesAmt |
| Management And General | $143 | ManagementAndGeneralAmt |
| Fundraising | $10 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,454 | TotalAmt |
| Management And General | $2,454 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MASSSAVES BOOST | $18,369 | $18,369 | ||
| PROGRAM EXPENSES | $14,580 | $12,393 | $2,041 | $146 |
| MISCELLANEOUS | $4,020 | $3,417 | $563 | $40 |
| BAD DEBT EXPENSE | $2,358 | $2,358 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,443 | TotalAmt |
| Program Services | $1,227 | ProgramServicesAmt |
| Management And General | $202 | ManagementAndGeneralAmt |
| Fundraising | $14 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $515,498 | TotalAmt |
| Program Services | $439,292 | ProgramServicesAmt |
| Management And General | $71,290 | ManagementAndGeneralAmt |
| Fundraising | $4,916 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $192,488 | BOYAmt |
| EOY | $205,726 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $191,021 | BOYAmt |
| EOY | $126,126 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,700 | BOYAmt |
| EOY | $190,200 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,509 | BOYAmt |
| EOY | $49,445 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,540 | BOYAmt |
| EOY | $6,486 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,059 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,805 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,274 | BOYAmt |
| EOY | $254 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $498,501 | BOYAmt |
| EOY | $598,801 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,003,033 | BOYAmt |
| EOY | $1,177,038 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,493 | BOYAmt |
| EOY | $110,898 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $518,778 | BOYAmt |
| EOY | $609,078 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $633,271 | BOYAmt |
| EOY | $719,976 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $369,762 | BOYAmt |
| EOY | $457,062 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $369,762 | BOYAmt |
| EOY | $457,062 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,003,033 | BOYAmt |
| EOY | $1,177,038 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$37,700 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $125,000 | PriorPeriodAdjustmentsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $87,963 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $117,228 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $83,050 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $467,695 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $373,622 | CurrentTaxYearAmt |
| Total | $1,129,558 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $87,963 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $117,228 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $83,050 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $467,695 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $373,622 | CurrentTaxYearAmt |
| Total | $1,129,558 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $1,129,558 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $562 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $362 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $119 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $58 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $96 | CurrentTaxYearAmt |
| Total | $1,197 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,130,755 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $307,897 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.99890 | PublicSupportCY170Pct |
| Public Support PY170 | 0.99870 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $8,277 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $8,277 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $535,029 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $543,306 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $106,496 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $26,624 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $34,918 | CurrentYearMinus3Amt |
| Current Year Minus2 | $43,369 | CurrentYearMinus2Amt |
| Current Year Minus1 | $93,207 | CurrentYearMinus1Amt |
| Current Year | $106,496 | CurrentYearAmt |
| Total | $277,990 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $416,985 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $2,820 | CurrentYearMinus3Amt |
| Current Year Minus2 | $3,441 | CurrentYearMinus2Amt |
| Current Year Minus1 | $5,052 | CurrentYearMinus1Amt |
| Current Year | $8,277 | CurrentYearAmt |
| Total | $19,590 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $8,730 | CurrentYearMinus3Amt |
| Current Year Minus2 | $10,842 | CurrentYearMinus2Amt |
| Current Year Minus1 | $23,302 | CurrentYearMinus1Amt |
| Current Year | $26,624 | CurrentYearAmt |
| Total | $69,498 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $104,247 | GrassrootsCeilingAmt |
Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus2 | $3,441 | CurrentYearMinus2Amt |
| Current Year Minus1 | $5,052 | CurrentYearMinus1Amt |
| Current Year | $8,277 | CurrentYearAmt |
| Total | $16,770 | TotalAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,059 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,805 | DepreciationAmt |
| Book Value | $254 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $254 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FUNDS HELD FOR OTHERS | Desc |
| Book Value | $598,801 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $598,801 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| FUNDS HELD FOR OTHERS | $598,801 |
| DUE TO FISCAL AGENT | $10,277 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $609,078 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $505,606 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $27,808 | OtherRevenueAmt |
| Revenue Not Reported | $27,808 | RevenueNotReportedAmt |
| Revenue Subtotal | $477,798 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $477,798 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $543,306 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $27,808 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $27,808 | ExpensesNotReportedAmt |
| Expenses Subtotal | $515,498 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $515,498 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | THE PROJECT IS A NOT-FOR-PROFIT CORPORATION INCORPORATED AS A 501(C)(3) ORGANIZATION AND IS CURRENTLY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS, INCLUDING THE PROJECT'S TAX EXEMPT STATUS, AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION. THE PROJECT'S INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR ALL YEARS ENDING ON OR AFTER DECEMBER 31, 2020. |
| SCHEDULE D, PAGE 4, PART XI, LINE 2D | GALA FUNDRAISING EXPENSES 27,808 |
| SCHEDULE D, PAGE 4, PART XII, LINE 2D | GALA FUNDRAISING EXPENSES 27,808 |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | MATCH GALA | Event1Nm |
| Gross Receipts Event1 | $37,023 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $37,023 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $27,808 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $37,023 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $37,023 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $27,808 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $27,808 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $9,215 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | 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. |
| FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 7A | NEW MEMBERS ARE ELECTED BY THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 11B | IRS FORM 990 IS REVIEWED WITH THE PREPARER BY MANAGEMENT PRIOR TO SUBMISSION. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ANNUAL DISCLOSURE OF INTERESTS PROVIDED AS PART OF THE ANNUAL FINANCIAL STATEMENT AND TAX PREPARATION PROCEESS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY AS PART OF THE BUDGET PROCESS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS PROVIDED UPON WRITTEN REQUEST. |
| FORM 990, PART IX, LINE 11G | CONSULTANTS 28,146 6,567 469 CONSULTANTS 11,728 0 0 OTHER PROFESSIONAL SERVICES 36,116 8,427 602 OTHER PROFESSIONAL SERVICES 15,049 0 0 TOTAL 91,039 14,994 1,071 |
| FORM 990, PART XI, LINE 9 | GALA FUNDRAISING EXPENSES 27,808 GALA FUNDRAISING EXPENSES -27,808 |
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