MIDAS COLLABORATIVE INC: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- MIDAS COLLABORATIVE INC (EIN 83-0485169)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-15
- IRS object ID
- 201833199349303383
- Schema version
- 2017v2.3
- 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 | 2018-11-15T10:05:51-06:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043097400 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEVIN P MARTIN ASSOCIATES PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 FORBES WEST | AddressLine1Txt |
| City | BRAINTREE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02184 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | 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 | 6177879804 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18R SHEPARD STREET NO 100 | AddressLine1Txt |
| City | BRIGHTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02135 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JENNIFER LOWE | PersonNm |
| Person Title | CLERK | PersonTitleTxt |
| Phone | 6177879804 | PhoneNum |
| Signature | 2018-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOLANTA TUCK CPA | PreparerPersonNm |
| PTIN | P01340068 | PTIN |
| Phone | 7813803520 | PhoneNum |
| Preparation | 2018-11-13 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 70.91.219.129 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-11-13 | IPDt |
| IP Tm | 13:29:13 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 8D05ED1EDE51D072B0C6682B73A8EE37520AE7C3 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | F92087DBBC5D35C0DB250093360421A7D08E3B27 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | ANGELA GOMES | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18R SHEPARD STREET NO 100 | AddressLine1Txt |
| City | BRIGHTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02135 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $399,168 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | MIDASCOLLAB.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2007 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | TO FACILITATE ASSET DEVELOPMENT AND PROTECTION OF LOW-INCOME FAMILIES IN A MANNER THAT IS PEER SUPPORTED, PRACTITIONER-TESTED, AND COMMUNITY-BUILDING. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 11 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $421,337 | PYContributionsGrantsAmt |
| CY Contributions Grants | $233,375 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $126,192 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $163,241 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$981 | PYOtherRevenueAmt |
| CY Other Revenue | -$364 | CYOtherRevenueAmt |
| PY Total Revenue | $546,548 | PYTotalRevenueAmt |
| CY Total Revenue | $396,252 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $360,067 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $358,987 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $31,397 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $183,962 | PYOtherExpensesAmt |
| CY Other Expenses | $72,092 | CYOtherExpensesAmt |
| PY Total Expenses | $544,029 | PYTotalExpensesAmt |
| CY Total Expenses | $431,079 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,519 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$34,827 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,961,820 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,610,769 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,795,960 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,479,736 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $165,860 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $131,033 | 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 SUCH AS HOMES, BUSINESSES, AND EDUCATION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $90,892 | ExpenseAmt |
| Revenue | $119,053 | RevenueAmt |
| Desc | BUILDING SAVINGS AND INVESTMENT: MIDAS OPERATES MULTIPLE MATCHED SAVINGS PROGRAMS IN PARTNERSHIP WITH MEMBER COMMUNITY PARTNER ORGANIZATIONS ACROSS MASSACHUSETTS. IN 2017, 210 PARTICIPANTS WERE ENROLLED AS INVESTORS AT 15 MEMBER SITES WHERE THEY ATTENDED FINANCIAL AND ASSET TRAININGS TO BUILD THEIR FINANCIAL STRENGTH. 119 MATCHED SAVINGS PROGRAM PARTICIPANTS GRADUATED IN 2017, WITH INVESTMENTS IN HOMES, EDUCATIONS, SMALL BUSINESSES, AND OTHER ASSETS SUCH AS CARS, COMPUTERS, AND RAINY-DAY FUNDS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $163,155 | ExpenseAmt |
| Revenue | $24,792 | RevenueAmt |
| Desc | INDIVIDUAL FINANCIAL COACHING AND PLANNING: MIDAS MATCHED 97 MASSACHUSETTS RESIDENTS WITH CERTIFIED, MULTILINGUAL FINANCIAL COACHES WHO MET THEM -- VIA PHONE AND VIRTUAL PLATFORMS -- FOR FREE "ONE-ON-ONE" COACHING SESSIONS, AVAILABLE WEEKDAYS, EVENINGS, AND WEEKENDS. WITH A GRANT FROM THE FOUNDATION FOR FINANCIAL PLANNING AND PRO-BONO ASSISTANCE FROM 15 MEMBERS OF THE FINANCIAL PLANNING ASSOCIATION OF MASSACHUSETTS (FPAMA), MIDAS MATCHED 28 PARTICIPANTS WHO COMPLETED A COACHING ENGAGEMENT TO MEET REMOTELY WITH A CERTIFIED FINANCIAL PLANNER FOR SUPPORT ON ISSUES SUCH AS INVESTING AND GROWING SAVINGS, PROTECTING ASSETS, OBTAINING INSURANCE, RETIREMENT AND/OR ESTATE PLANNING, SAVING FOR COLLEGE, AND MAXIMIZING TAX BENEFITS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $84,104 | ExpenseAmt |
| Revenue | $19,396 | RevenueAmt |
| Desc | FINANCIAL EDUCATION AND TRAINING: MIDAS PROVIDED TRAININGS TO STAFF MEMBERS FROM MIDAS MEMBER ORGANIZATIONS ACROSS THE STATE THAT SERVE LOW AND MODERATE-INCOME RESIDENTS; MEMBERS OF THE MASSSAVES COALITION AND THE PUBLIC AT LARGE; EDUCATORS AND POLICYMAKERS AT OUR ANNUAL STATEWIDE FINANCIAL EDUCATION SUMMIT; DIRECT SERVICE ORGANIZATIONS ACROSS THE STATE; AND PROFESSIONAL DEVELOPMENT FOR STAFF. TRAINING TOPICS INCLUDED: FINANCIAL CAPABILITY TRAINING OF TRAINERS; THE CONSUMER FINANCIAL PROTECTION BUREAU'S FINANCIAL EMPOWERMENT TOOLKIT; YOUR MONEY, YOUR GOALS; AND FINANCIAL PLANNING AND ASSET-BUILDING. MIDAS STAFF ALSO PROVIDED ONE-ON-ONE TECHNICAL ASSISTANCE IN FINANCIAL EDUCATION TRAINING. AT THE STATE LEVEL, MIDAS ENGAGED IN POLICY DISCUSSIONS ON TOPICS SUCH AS MATCHED SAVINGS, CONSUMER PROTECTION, AND FINANCIAL EDUCATION, LEADING AND SUPPORTING COALITION WORK. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $338,151 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 1 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 11 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | 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
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALLSTON-BRIGHTON CDC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6177873874 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18R SHEPARD STREET SUITE 100 | AddressLine1Txt |
| City | BRIGHTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02135 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| ANGELA GOMES | ||||||
| INTERIM BOARD CHAIR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| BLAIR BENJAMIN | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| JENNIFER LOWE | ||||||
| CLERK | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| KATHERINE ADAM | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| BARBARA GREENBERG | ||||||
| TREASURER | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| WILLIAM WEYDEMEYER | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| TOM KEYDEL | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| NELSON ORTIZ | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| PAMELA HOFFMAN | ||||||
| EXECUTIVE DIRECTOR | 26.00 | $63,000 | $0 | $3,581 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $63,000 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $3,581 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $31,790 | FundraisingAmt |
| Government Grants | $76,745 | GovernmentGrantsAmt |
| All Other Contributions | $124,840 | AllOtherContributionsAmt |
| Total Contributions | $233,375 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SERVICE FEES | Desc |
| Business | 611710 | BusinessCd |
| Total Revenue Column | $163,241 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $163,241 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $163,241 | TotalProgramServiceRevenueAmt |
| Fundraising Gross Income | $1,840 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $31,790 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $2,916 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,076 | TotalRevenueColumnAmt |
| Exclusion | -$1,076 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $712 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $712 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $712 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $396,252 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $163,953 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$1,076 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,581 | TotalAmt |
| Program Services | $57,297 | ProgramServicesAmt |
| Management And General | $5,600 | ManagementAndGeneralAmt |
| Fundraising | $5,684 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $242,850 | TotalAmt |
| Program Services | $202,767 | ProgramServicesAmt |
| Management And General | $19,658 | ManagementAndGeneralAmt |
| Fundraising | $20,425 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,136 | TotalAmt |
| Program Services | $17,012 | ProgramServicesAmt |
| Management And General | $1,904 | ManagementAndGeneralAmt |
| Fundraising | $1,220 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,420 | TotalAmt |
| Program Services | $22,958 | ProgramServicesAmt |
| Management And General | $2,149 | ManagementAndGeneralAmt |
| Fundraising | $2,313 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,750 | TotalAmt |
| Management And General | $6,750 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,940 | TotalAmt |
| Program Services | $18,685 | ProgramServicesAmt |
| Management And General | $19,255 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,299 | TotalAmt |
| Program Services | $6,565 | ProgramServicesAmt |
| Management And General | $2,330 | ManagementAndGeneralAmt |
| Fundraising | $404 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,000 | TotalAmt |
| Program Services | $10,560 | ProgramServicesAmt |
| Management And General | $720 | ManagementAndGeneralAmt |
| Fundraising | $720 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,908 | TotalAmt |
| Program Services | $1,352 | ProgramServicesAmt |
| Management And General | $310 | ManagementAndGeneralAmt |
| Fundraising | $246 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $944 | TotalAmt |
| Program Services | $584 | ProgramServicesAmt |
| Fundraising | $360 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $421 | TotalAmt |
| Program Services | $371 | ProgramServicesAmt |
| Management And General | $25 | ManagementAndGeneralAmt |
| Fundraising | $25 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,830 | TotalAmt |
| Management And General | $2,830 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $431,079 | TotalAmt |
| Program Services | $338,151 | ProgramServicesAmt |
| Management And General | $61,531 | ManagementAndGeneralAmt |
| Fundraising | $31,397 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,536 | BOYAmt |
| EOY | $98,639 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,227 | BOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,832 | BOYAmt |
| EOY | $98,054 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,984 | BOYAmt |
| EOY | $7,005 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,340 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,479 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,282 | BOYAmt |
| EOY | $861 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,707,959 | BOYAmt |
| EOY | $1,406,210 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,961,820 | BOYAmt |
| EOY | $1,610,769 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,586 | BOYAmt |
| EOY | $17,920 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,454 | BOYAmt |
| EOY | $15,625 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,747,920 | BOYAmt |
| EOY | $1,446,191 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,795,960 | BOYAmt |
| EOY | $1,479,736 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $139,610 | BOYAmt |
| EOY | $113,533 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,250 | BOYAmt |
| EOY | $17,500 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $165,860 | BOYAmt |
| EOY | $131,033 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,961,820 | BOYAmt |
| EOY | $1,610,769 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$34,827 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | 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 (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
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 | $288,800 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $378,670 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $534,127 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $421,337 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $233,375 | CurrentTaxYearAmt |
| Total | $1,856,309 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $288,800 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $378,670 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $534,127 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $421,337 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $233,375 | CurrentTaxYearAmt |
| Total | $1,856,309 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $243,115 | SubstantialContributorsTotAmt |
| Public Support Total170 | $1,613,194 | PublicSupportTotal170Amt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,266 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,900 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,163 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $712 | CurrentTaxYearAmt |
| Total | $17,041 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,873,350 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $289,433 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.86110 | PublicSupportCY170Pct |
| Public Support PY170 | 0.87930 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Schedule C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $12,007 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $12,007 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $419,072 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $431,079 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $86,216 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $21,554 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $85,010 | CurrentYearMinus3Amt |
| Current Year Minus2 | $111,008 | CurrentYearMinus2Amt |
| Current Year Minus1 | $106,604 | CurrentYearMinus1Amt |
| Current Year | $86,216 | CurrentYearAmt |
| Total | $388,838 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $583,257 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $7,016 | CurrentYearMinus3Amt |
| Current Year Minus2 | $8,708 | CurrentYearMinus2Amt |
| Current Year Minus1 | $9,249 | CurrentYearMinus1Amt |
| Current Year | $12,007 | CurrentYearAmt |
| Total | $36,980 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $21,253 | CurrentYearMinus3Amt |
| Current Year Minus2 | $27,752 | CurrentYearMinus2Amt |
| Current Year Minus1 | $26,651 | CurrentYearMinus1Amt |
| Current Year | $21,554 | CurrentYearAmt |
| Total | $97,210 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $145,815 | GrassrootsCeilingAmt |
Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $7,016 | CurrentYearMinus3Amt |
| Current Year Minus2 | $8,708 | CurrentYearMinus2Amt |
| Current Year Minus1 | $9,249 | CurrentYearMinus1Amt |
| Current Year | $12,007 | CurrentYearAmt |
| Total | $36,980 | TotalAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,340 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,479 | DepreciationAmt |
| Book Value | $861 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $861 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FUNDS HELD FOR OTHERS | Desc |
| Book Value | $1,406,210 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $1,406,210 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO FISCAL AGENT | $40,669 |
| FUNDS HELD FOR OTHERS | $1,405,522 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,446,191 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $396,252 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $396,252 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $396,252 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $431,079 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $431,079 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $431,079 | TotalExpensesPerForm990Amt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | ASSETS & OPPORTUNITY BREAKFAST | Event1Nm |
| Gross Receipts Event1 | $33,630 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $31,790 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $1,840 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $1,840 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $1,076 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $33,630 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $31,790 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $1,840 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $1,840 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $1,076 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $2,916 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$1,076 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 4 | IN 2017, THE MIDAS BYLAWS WERE AMENDED AND RESTATED TO, AMONG OTHER THINGS, UPDATE PROVISIONS RELATED TO THE MEMBERS, OFFICERS AND THE BOARD OF DIRECTORS OF THE ORGANIZATION TO REFLECT CURRENT OPERATIONS AND PRACTICES, INCLUDING WITH RESPECT TO THE COMPOSITION OF THE BOARD OF DIRECTORS, CLARIFYING THE STANDARDS FOR REMOVAL OF A MEMBER, MEETINGS OF MEMBERS AND DIRECTORS AND THE PROCESS FOR AMENDING THE BYLAWS. |
| 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. |
Comments