2020-10-07T17:41:55-05:00 2019-12-31 043097400 KEVIN P MARTIN & ASSOCIATES PC 10 FORBES WEST BRAINTREE MA 02184 990 2019-01-01 830485169 THE MIDAS COLLABORATIVE INC MIDA 6715323916 2 OLIVER STREET NO 802 BOSTON MA 02109 KIMBERLY HIRSH EXECUTIVE DIRECTOR 6715323916 2020-09-23 1 ALISON JOHNSON CPA P01526964 7813803520 2020-09-23 70.91.219.129 2020-09-23 14:54:37 ED P 2ACDE7CC8E1A2FD168FC5B21471A3A4E7FA857D4 2ACDE7CC8E1A2FD168FC5B21471A3A4E7FA857D4 2019 2021-01-29 14:40:06Z KIMBERLY HIRSH 2 OLIVER STREET NO 802 BOSTON MA 02109 180762 0 X MIDASCOLLAB.ORG X 2007 MA TO FACILITATE ASSET DEVELOPMENT AND PROTECTION OF LOW-INCOME FAMILIES IN A MANNER THAT IS PEER SUPPORTED, PRACTITIONER-TESTED, AND COMMUNITY-BUILDING. 10 10 5 20 0 0 122074 87963 112822 87481 0 487 -362 -211 234534 175720 0 0 0 0 171389 122645 0 0 13977 62766 61772 234155 184417 379 -8697 1356435 970656 1225023 847941 131412 122715 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 SUCH AS HOMES, BUSINESSES, AND EDUCATION. 0 0 67464 85578 BUILDING SAVINGS AND INVESTMENT: MIDAS OPERATES MULTIPLE MATCHED SAVINGS PROGRAMS IN PARTNERSHIP WITH MEMBER COMMUNITY ORGANIZATIONS ACROSS MASSACHUSETTS. IN 2019, 9 PARTNER SITES ENROLLED 173 PARTICIPANTS WHO ATTENDED WORKSHOPS AND COUNSELING SESSIONS TO BUILD THEIR FINANCIAL SKILLS AND CAPABILITY. 127 MATCHED SAVINGS PROGRAM PARTICIPANTS GRADUATED IN 2019, MAKING INVESTMENTS IN HOMES, HIGHER EDUCATION PROGRAMS, SMALL BUSINESSES, AND OTHER ASSETS SUCH AS CARS, COMPUTERS, TEXTBOOKS AND EMERGENCY SAVINGS FUNDS. 50537 1903 DELIVERING FINANCIAL EDUCATION AND POLICY: MIDAS PROVIDED TRAININGS TO STAFF FROM MEMBER COMMUNITY ORGANIZATIONS ACROSS THE STATE THAT SERVE LOW AND MODERATE INCOME RESIDENTS, TO VOLUNTEERS AND MEMBERS OF THE PUBLIC WHO PARTICIPATE IN MIDAS' MASSSAVES INITIATIVE, AND TO EDUCATORS AND POLICYMAKERS AT OUR ANNUAL FINANCIAL EDUCATION SUMMIT. TRAINING TOPICS INCLUDED: STUDENT DEBT, MOBILIZING FOR THE 2020 CENSUS, ASSET BUILDING AND SAVINGS, FINANCIAL CAPABILITY FOR OLDER ADULTS, AND FINANCIAL HEALTH AND WELLNESS AMONG VARIOUS AGES AND STAGES.PERFORMING OUTREACH AND ADVOCACY TO ADDRESS INCOME INEQUALITY: MIDAS PARTICIPATED IN POLICY COALITIONS AND ENGAGED IN DISCUSSIONS AT THE STATE LEVEL ON TOPICS SUCH AS CONSUMER PROTECTION, FAIRNESS IN DEBT COLLECTION PRACTICES, FINANCIAL LITERACY AND EDUCATION, ASSET BUILDING, AND TAX CREDIT REFORM. MIDAS REPRESENTED MASSACHUSETTS IN THE NATIONAL CONVERSATION ON INCOME INEQUALITY, WEALTH BUILDING, AND FINANCIAL CAPABILITY. 118001 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 0 0 1 1 0 MA X X ALLSTON-BRIGHTON CDC 6175323916 2 OLIVER STREET SUITE 802 BOSTON MA 02109 ANGELA GOMES CHAIR 0.50 X X 0 0 0 TOM KEYDEL TREASURER 0.50 X X 0 0 0 SYMONE CRAWFORD SECRETARY (AS OF 9/19) 0.50 X X 0 0 0 JENNIFER LOWE CLERK (UNTIL 9/19) 0.50 X X 0 0 0 SARA GARRITY-GENTILE DIRECTOR 0.50 X 0 0 0 BLAIR BENJAMIN DIRECTOR 0.50 X 0 0 0 MOLLY GOODMAN DIRECTOR 0.50 X 0 0 0 NELSON ORTIZ DIRECTOR 0.50 X 0 0 0 SANDEE TING SIMSHAUSER DIRECTOR 0.50 X 0 0 0 DEBRA TOBIN DIRECTOR 0.50 X 0 0 0 GUL YANMAZ-KARSLIGIL DIRECTOR 0.50 X 0 0 0 KIMBERLY HIRSH EXECUTIVE DIRECTOR 22.00 X 45346 0 4613 45346 0 4613 0 0 0 0 0 10000 4125 32179 11316 30343 87963 SERVICE FEES 611710 87481 87481 87481 562 562 2305 2380 -75 -75 -75 2451 32179 2662 -211 -211 175720 87481 0 276 49959 33931 10719 5309 58712 41462 11500 5750 327 136 130 61 13647 10289 2268 1090 8925 8925 16581 7189 9392 1990 913 780 297 11320 9016 2304 13800 9745 2703 1352 706 287 419 267 188 53 26 2897 2897 PROGRAM EXPENSES 5286 4845 349 92 184417 118001 52439 13977 146479 166163 51697 32943 6699 5363 960 864 438 96 1151122 766091 1356435 970656 9196 27219 24048 14544 1191779 806178 1225023 847941 X 115412 122715 16000 0 131412 122715 1356435 970656 -8697 0 X 0 1 X 1 0 X 534127 421337 233375 122074 87963 1398876 534127 421337 233375 122074 87963 1398876 160402 1238474 562 562 712 712 1400150 612102 0.88450 0.88420 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2017 AMOUNT: $ 712. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2283 2283 182134 184417 36883 9221 0 0 106604 86216 46831 36883 276534 414801 9249 12007 4614 2283 28153 26651 21554 11708 9221 69134 103701 9249 12007 4614 2283 28153 960 864 96 96 FUNDS HELD FOR OTHERS 766091 766091 DUE TO FISCAL AGENT 40277 FUNDS HELD FOR OTHERS 765901 806178 175720 0 175720 0 175720 184417 0 184417 0 184417 ASSETS & OPPORTUNITY BREAKFAST 34630 32179 2451 2451 211 34630 32179 2451 2451 211 2662 -211 FORM 990, PART VI, SECTION A, LINE 3 FINANCIAL MANAGEMENT SERVICES AND PAYROLL AND BENEFIT PROCESSING PROVIDED BY ALLSTON BRIGHTON COMMUNITY DEVELOPMENT CORPORATION FOR A FEE. ALL EXPENSES REIMBURSED TO ALLSTON BRIGHTON COMMUNITY DEVLEOPMENT CORPORATION. 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 FINANCIAL STABILITY OR SECURITY FOR, LOW OR MODERATE INCOME PERSONS. AFFILIATE MEMBERSHIP IS AVAILABLE ONLY TO PERSONS NOT EMPLOYED BY OR OTHERWISE REPRESENTING ANY FULL MEMBER. FORM 990, PART VI, SECTION A, LINE 7A FULL MEMBERS HAVE VOTING RIGHTS. DIRECTORS ARE ELECTED BY THE FULL MEMBERS AT THE ANNUAL MEETING OR AT A SPECIAL MEETING CALLED IN LIEU OF THE ANNUAL MEETING. 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 A, LINE 8B NO COMMITTEE HAS DELEGATED AUTHORITY. COMMITTEES MAKE RECOMMENDATIONS TO THE BOARD AND THE BOARD TAKES ACTION. FORM 990, PART VI, SECTION B, LINE 11B IRS FORM 990 IS REVIEWED WITH THE PREPARER BY THE MANAGEMENT SERVICES PERSONNEL AND THEN CIRCULATED TO BOARD MEMBERS PRIOR TO SUBMISSION. 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 15 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.