MIDAS COLLABORATIVE INC: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- MIDAS COLLABORATIVE INC (EIN 83-0485169)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-11-14
- IRS object ID
- 201503189349300725
- Schema version
- 2014v5.0
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule O
- Averaging Attachment
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-11-14T10:59:16-06:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043195921 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SANDBERG & CREEDEN PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 331 PAGE ST STE 2 | AddressLine1Txt |
| City | STOUGHTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 020721172 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | 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 | 6177873874 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 LINDEN STREET 2ND FLOOR | AddressLine1Txt |
| City | ALLSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02134 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARGARET MILEY | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 6177873874 | PhoneNum |
| Signature | 2015-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THERESA J CREEDEN | PreparerPersonNm |
| PTIN | P00747568 | PTIN |
| Phone | 7813440850 | PhoneNum |
| Preparation | 2015-11-10 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BLAIR BENJAMIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 LINDEN STREET 2ND FLOOR | AddressLine1Txt |
| City | ALLSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02134 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $443,662 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | MASSASSETS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2007 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 12 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $288,800 | PYContributionsGrantsAmt |
| CY Contributions Grants | $378,670 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $54,737 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $62,092 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,666 | PYOtherRevenueAmt |
| CY Other Revenue | -$3,659 | CYOtherRevenueAmt |
| PY Total Revenue | $346,203 | PYTotalRevenueAmt |
| CY Total Revenue | $437,103 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $276,001 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $293,308 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $37,007 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $81,270 | PYOtherExpensesAmt |
| CY Other Expenses | $131,741 | CYOtherExpensesAmt |
| PY Total Expenses | $361,271 | PYTotalExpensesAmt |
| CY Total Expenses | $425,049 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$15,068 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $12,054 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,422,467 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,397,151 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,361,475 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,324,105 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $60,992 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $73,046 | 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 | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $115,677 | ExpenseAmt |
| Desc | ASSET DEVELOPMENT PROVIDED BY THE FOLLOWING ACTIVITIES: BUILDING SAVINGS AND INVESTMENT: MIDAS OPERATES MULTIPLE MATCHED SAVINGS PROGRAMS IN PARTNERSHIP WITH MEMBER COMMUNITY PARTNER ORGANIZATIONS ACROSS MASSACHUSETTS. 1056 ENROLLED INVESTORS AT 25 MEMBER SITES HAVE COLLECTIVELY SAVED OVER 1.3 MILLION, EARNED A COMBINED MATCH OF NEARLY 2 MILLION, AND ATTENDED OVER 13,700 HOURS OF FINANCIAL AND ASSET TRAINING TO BUILD THEIR FINANCIAL STRENGTH. THE 477 INVESTORS WHO GRADUATED BY 12/31/2014 INVESTED IN 31.2 MILLION WORTH OF 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 | $162,351 | ExpenseAmt |
| Desc | FINANCIAL COACHING PROVIDED BY THE FOLLOWING ACTIVITIES: OFFERING FINANCIAL STABILITY TO COMMUNITY COLLEGE STUDENTS: MIDAS LAUNCHED AN INNOVATIVE, COLLABORATIVE PILOT PROGRAM TO OFFER FINANCIAL STABILITY SERVICES AT THREE COMMUNITY COLLEGES ACROSS THE STATE: BUNKER HILL, NORTHERN ESSEX AND SPRINGFIELD TECHNICAL. THE PROGRAM WILL INCREASE COLLEGE AFFORDABILITY AND FINANCIAL CAPABILITIES OF STUDENTS. MIDAS IS PROVIDING FINANCIAL COACHING, MATCHED SAVINGS, AND PROJECT COORDINATION. UASPIRE, A STATEWIDE NON-PROFIT PARTNER, IS PROVIDING CASE MANAGEMENT AND COLLEGE AFFORDABILITY ADVISING. THE FEDERAL RESERVE BANK OF BOSTON IS PROVIDING RESEARCH AND EVALUATION. INCREASING ACCESS TO FINANCIAL EDUCATION & INDIVIDUAL FINANCIAL COACHING: MIDAS CONTINUED TO SUPPORT ITS MEMBER-DRIVEN INITIATIVE, THE MASSSAVES COALITION (FORMERLY KNOWN AS THE MASSACHUSETTS FINANCIAL EDUCATION COLLABORATIVE), A PUBLIC/PRIVATE NETWORK OF FINANCIAL EDUCATORS, PROVIDERS, COMMUNITY ORGANIZATIONS AND KEY STAKEHOLDERS THAT WORK WITH YOUTH AND ADULTS TO IMPROVE THE QUALITY AND DELIVERY OF FINANCIAL EDUCATION ACROSS THE STATE. THESE COALITION MEMBERS PROVIDE THE BACKBONE OF OUR REFERRAL NETWORK ON OUR STATE-OF-THE-ART FINANCIAL EDUCATION WEBSITE LAUNCHED LAST YEAR: WWW.MASSSAVES.ORG. A KEY COMPONENT OF THIS EFFORT IS THE MASSSAVES FINANCIAL CONFIDENCE & COACHING PROGRAM OPERATED BY MIDAS. THE ONLY PROGRAM OF ITS KIND IN THE COUNTRY, MASSACHUSETTS RESIDENTS ARE MATCHED WITH OUR NATIONALLY CERTIFIED, MULTILINGUAL FINANCIAL COACHES TO MEET WITH THEM -- VIA PHONE AND VIRTUAL PLATFORMS -- FOR FREE "ONE-ON-ONE" COACHING SESSIONS, AVAILABLE WEEKDAYS, EVENINGS AND WEEKENDS. THE PROGRAM IS GROUNDED IN A STRENGTHS-BASED PHILOSOPHY, PAIRING THE BEST OF LIFE COACHING TECHNIQUES WITH HIGH LEVEL FINANCIAL KNOWLEDGE AND RESOURCES. OUR WHITE PAPER, "WHAT DO WE MEAN BY FINANCIAL COACHING?," DESCRIBES OUR RESEARCH AND PHILOSOPHY. FINANCIAL EDUCATION IN MASSACHUSETTS IS NOW MORE AVAILABLE, INTEGRATED, INDIVIDUALIZED, AND EFFECTIVE: 1235 VISITORS (80% NEW) TO WWW.MASSSAVES.ORG, 252 INQUIRIES FOR FINANCIAL COACHING. OF THE 154 RESIDENTS PROVIDED INDIVIDUAL FINANCIAL COACHING SERVICES: -85% HAVE "SET CLEAR GOALS AND ACTION STEPS" TOWARD FINANCIAL SUCCESS. -98% HAVE "ACHIEVED THEIR STATED GOAL" AND 19% HAVE "ACHIEVED SIGNIFICANT PROGRESS" ON THE MORE COMMON ISSUES OF BANKING, CREDIT, AND SAVINGS. -90% HAVE "ACHIEVED THEIR GOAL" ON AT LEAST ONE OF THEIR INDIVIDUAL AREAS OF FOCUS: RETIREMENT, AUTO, MORTGAGE, SCHOOL DEBT, ID THEFT. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $61,229 | ExpenseAmt |
| Desc | TRAINING DIRECT SERVICE PROVIDERS: MIDAS PROVIDED TRAININGS TO MORE THAN 250 STAFF MEMBERS FROM A VAST ARRAY OF ORGANIZATIONS ACROSS THE STATE THAT SERVE LOW AND MODERATE INCOME RESIDENTS IN FINANCIAL ISSUES, INCLUDING: -"WHEN IS BANKRUPTCY THE ANSWER?" - UNDERSTANDING THE PROS AND CONS OF THIS DIFFICULT DECISION. -"YOUR MONEY, YOUR GOALS: FINANCIAL EMPOWERMENT TOOLKIT" - ORIENTATION & INTERACTIVE TRAINING SESSIONS TO SUPPORT SERVICE PROVIDERS IN USING A NEW, COMPREHENSIVE AND MULTI-ISSUE TOOLKIT FROM THE CONSUMER FINANCIAL PROTECTION BUREAU. MIDAS WAS ONE OF 25 ORGANIZATIONS ACROSS THE U.S. THAT PROVIDED BETA-TESTING AND CONSULTATION TO THE CFPB FOR THIS TOOLKIT. (CONTINUED IN SCHEDULE O) -"BORROWING FOR SCHOOL: BEFORE & AFTER" - UNDERSTANDING THE HIGHER EDUCATION FINANCING MARKET. -"BEST PRACTICES IN DESIGNING & DELIVERING HIGH-QUALITY FINANCIAL EDUCATION WORKSHOPS" - SUPPORTING TRAINERS IN USING LEARNER-CENTERED APPROACHES FOR BETTER OUTCOMES. EDUCATION AND OUTREACH ACTIVITIES TO PROMOTE ASSET-BUILDING AND RETENTION POLICIES: AT THE STATE LEVEL, MIDAS HAS ENGAGED IN POLICY DISCUSSION ON TOPICS SUCH AS MATCHED SAVINGS, CONSUMER PROTECTION, FINANCIAL EDUCATION, AND ASSET LIMIT REFORM, LEADING AND SUPPORTING COALITION WORK. MIDAS CONTINUES TO REPRESENT MASSACHUSETTS IN THE NATIONAL CONVERSATION ON ECONOMIC SECURITY, WHILE IN MASSACHUSETTS THE FOLLOWING BILLS/REGULATIONS WERE SUCCESSFUL: -PROTECTION FOR LOW INCOME RESIDENTS AGAINST ABUSIVE DEBT COLLECTION, -EXPANSION OF A PILOT PROGRAM TO INTEGRATE FINANCIAL EDUCATION IN PUBLIC SCHOOLS, -INCREASED STATE REGULATION OF FOR-PROFIT CAREER SCHOOLS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $339,257 | 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 |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| 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 | false | 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 With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| 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 | 5 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 12 | 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 |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (true) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | 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 | false | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | false | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | 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
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 | 20 LINDEN STREET 2ND FLOOR | AddressLine1Txt |
| City | ALLSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02134 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| SUSANNE CAMERON | ||||||
| PRESIDENT/CL | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BLAIR BENJAMIN | ||||||
| TREASURER | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ROBERT AMARA | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| JUAN BONILLA | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| SALONI BOWRY | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| ANGELA GOMES | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| KATHERINE ADAM | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| JENNIFER LOWE | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| ANJALI WAIKER | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| TINA ALU | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| BARBARA GREENBERG | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Fundraising | $34,286 | FundraisingAmt |
| Government Grants | $158,119 | GovernmentGrantsAmt |
| All Other Contributions | $186,265 | AllOtherContributionsAmt |
| Total Contributions | $378,670 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|
| SERVICE FEES | $59,639 | $59,639 |
| OTHER FEES | $2,453 | $2,453 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $62,092 | TotalProgramServiceRevenueAmt |
| Fundraising Gross Income | $2,900 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $34,286 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $6,559 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$3,659 | TotalRevenueColumnAmt |
| Exclusion | -$3,659 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $437,103 | TotalRevenueColumnAmt |
| Exclusion | $58,433 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $259,129 | TotalAmt |
| Program Services | $210,598 | ProgramServicesAmt |
| Management And General | $16,413 | ManagementAndGeneralAmt |
| Fundraising | $32,118 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,965 | TotalAmt |
| Program Services | $8,908 | ProgramServicesAmt |
| Fundraising | $57 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,214 | TotalAmt |
| Program Services | $20,652 | ProgramServicesAmt |
| Management And General | $1,330 | ManagementAndGeneralAmt |
| Fundraising | $3,232 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,299 | TotalAmt |
| Management And General | $6,299 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,425 | TotalAmt |
| Program Services | $79,203 | ProgramServicesAmt |
| Management And General | $19,222 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,793 | TotalAmt |
| Program Services | $4,767 | ProgramServicesAmt |
| Management And General | $2,399 | ManagementAndGeneralAmt |
| Fundraising | $627 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,000 | TotalAmt |
| Program Services | $8,600 | ProgramServicesAmt |
| Management And General | $500 | ManagementAndGeneralAmt |
| Fundraising | $900 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,575 | TotalAmt |
| Program Services | $1,245 | ProgramServicesAmt |
| Management And General | $291 | ManagementAndGeneralAmt |
| Fundraising | $39 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,646 | TotalAmt |
| Program Services | $4,646 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $376 | TotalAmt |
| Program Services | $323 | ProgramServicesAmt |
| Management And General | $19 | ManagementAndGeneralAmt |
| Fundraising | $34 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,627 | TotalAmt |
| Program Services | $315 | ProgramServicesAmt |
| Management And General | $2,312 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $425,049 | TotalAmt |
| Program Services | $339,257 | ProgramServicesAmt |
| Management And General | $48,785 | ManagementAndGeneralAmt |
| Fundraising | $37,007 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $156,055 | BOYAmt |
| EOY | $114,313 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,337 | BOYAmt |
| EOY | $112,264 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,228 | BOYAmt |
| EOY | $2,373 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,881 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $991 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $615 | BOYAmt |
| EOY | $890 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,220,232 | BOYAmt |
| EOY | $1,167,311 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,422,467 | BOYAmt |
| EOY | $1,397,151 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,746 | BOYAmt |
| EOY | $68,430 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,674 | BOYAmt |
| EOY | $48,870 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,258,055 | BOYAmt |
| EOY | $1,206,805 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,361,475 | BOYAmt |
| EOY | $1,324,105 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,175 | BOYAmt |
| EOY | $62,046 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,817 | BOYAmt |
| EOY | $11,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,992 | BOYAmt |
| EOY | $73,046 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,422,467 | BOYAmt |
| EOY | $1,397,151 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $12,054 | ReconcilationRevenueExpnssAmt |
| 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 |
| Federal Grant Audit Required | false | 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 | $249,321 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $284,994 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $218,742 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $288,800 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $378,670 | CurrentTaxYearAmt |
| Total | $1,420,527 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $249,321 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $284,994 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $218,742 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $288,800 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $378,670 | CurrentTaxYearAmt |
| Total | $1,420,527 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $288,828 | SubstantialContributorsTotAmt |
| Public Support Total170 | $1,131,699 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,723 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus2 Years | $11,547 | CurrentTaxYearMinus2YearsAmt |
| Total | $13,270 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $3,642 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,190 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,266 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,900 | CurrentTaxYearAmt |
| Total | $20,998 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,454,795 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $159,843 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.77790 | PublicSupportCY170Pct |
| Public Support PY170 | 0.76930 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 10 | FormAndLineReferenceDesc |
| Explanation | FMV EVENT TICKET SALES 20,998 | ExplanationTxt |
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 Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $7,016 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $7,016 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $418,033 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $425,049 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $85,010 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $21,253 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $45,499 | CurrentYearMinus3Amt |
| Current Year Minus2 | $55,678 | CurrentYearMinus2Amt |
| Current Year Minus1 | $72,254 | CurrentYearMinus1Amt |
| Current Year | $85,010 | CurrentYearAmt |
| Total | $258,441 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $387,662 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $3,379 | CurrentYearMinus3Amt |
| Current Year Minus2 | $3,253 | CurrentYearMinus2Amt |
| Current Year Minus1 | $3,633 | CurrentYearMinus1Amt |
| Current Year | $7,016 | CurrentYearAmt |
| Total | $17,281 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $11,375 | CurrentYearMinus3Amt |
| Current Year Minus2 | $13,920 | CurrentYearMinus2Amt |
| Current Year Minus1 | $18,064 | CurrentYearMinus1Amt |
| Current Year | $21,253 | CurrentYearAmt |
| Total | $64,612 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $96,918 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,881 | OtherCostOrOtherBasisAmt |
| Depreciation | $991 | DepreciationAmt |
| Book Value | $890 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $890 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FUNDS HELD FOR OTHERS | Desc |
| Book Value | $1,167,311 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $1,167,311 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| FUNDS HELD FOR OTHERS | $1,167,311 |
| ACCOUNTS PAYABLE TO RELATED PARTY | $39,494 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,206,805 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $437,103 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $437,103 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $437,103 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $425,049 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $425,049 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $425,049 | TotalExpensesPerForm990Amt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | ASSETS & OPPORT | Event1Nm |
| Gross Receipts Event1 | $37,186 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $34,286 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $2,900 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $6,559 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $37,186 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $34,286 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $2,900 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $6,559 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $6,559 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$3,659 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 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 SUCH AS HOMES, BUSINESSES, AND EDUCATION. |
| FORM 990, PAGE 2, PART III, LINE 4B | INCREASING ACCESS TO FINANCIAL EDUCATION & INDIVIDUAL FINANCIAL COACHING: MIDAS CONTINUED TO SUPPORT ITS MEMBER-DRIVEN INITIATIVE, THE MASSSAVES COALITION (FORMERLY KNOWN AS THE MASSACHUSETTS FINANCIAL EDUCATION COLLABORATIVE), A PUBLIC/PRIVATE NETWORK OF FINANCIAL EDUCATORS, PROVIDERS, COMMUNITY ORGANIZATIONS AND KEY STAKEHOLDERS THAT WORK WITH YOUTH AND ADULTS TO IMPROVE THE QUALITY AND DELIVERY OF FINANCIAL EDUCATION ACROSS THE STATE. THESE COALITION MEMBERS PROVIDE THE BACKBONE OF OUR REFERRAL NETWORK ON OUR STATE-OF-THE-ART FINANCIAL EDUCATION WEBSITE LAUNCHED LAST YEAR: WWW.MASSSAVES.ORG. A KEY COMPONENT OF THIS EFFORT IS THE MASSSAVES FINANCIAL CONFIDENCE & COACHING PROGRAM OPERATED BY MIDAS. THE ONLY PROGRAM OF ITS KIND IN THE COUNTRY, MASSACHUSETTS RESIDENTS ARE MATCHED WITH OUR NATIONALLY CERTIFIED, MULTILINGUAL FINANCIAL COACHES TO MEET WITH THEM -- VIA PHONE AND VIRTUAL PLATFORMS -- FOR FREE "ONE-ON-ONE" COACHING SESSIONS, AVAILABLE WEEKDAYS, EVENINGS AND WEEKENDS. THE PROGRAM IS GROUNDED IN A STRENGTHS-BASED PHILOSOPHY, PAIRING THE BEST OF LIFE COACHING TECHNIQUES WITH HIGH LEVEL FINANCIAL KNOWLEDGE AND RESOURCES. OUR WHITE PAPER, "WHAT DO WE MEAN BY FINANCIAL COACHING?," DESCRIBES OUR RESEARCH AND PHILOSOPHY. FINANCIAL EDUCATION IN MASSACHUSETTS IS NOW MORE AVAILABLE, INTEGRATED, INDIVIDUALIZED, AND EFFECTIVE: 1235 VISITORS (80% NEW) TO WWW.MASSSAVES.ORG, 252 INQUIRIES FOR FINANCIAL COACHING. OF THE 154 RESIDENTS PROVIDED INDIVIDUAL FINANCIAL COACHING SERVICES: -85% HAVE "SET CLEAR GOALS AND ACTION STEPS" TOWARD FINANCIAL SUCCESS. -98% HAVE "ACHIEVED THEIR STATED GOAL" AND 19% HAVE "ACHIEVED SIGNIFICANT PROGRESS" ON THE MORE COMMON ISSUES OF BANKING, CREDIT, AND SAVINGS. -90% HAVE "ACHIEVED THEIR GOAL" ON AT LEAST ONE OF THEIR INDIVIDUAL AREAS OF FOCUS: RETIREMENT, AUTO, MORTGAGE, SCHOOL DEBT, ID THEFT. |
| FORM 990, PAGE 2, PART III, LINE 4C | -"BORROWING FOR SCHOOL: BEFORE & AFTER" - UNDERSTANDING THE HIGHER EDUCATION FINANCING MARKET. -"BEST PRACTICES IN DESIGNING & DELIVERING HIGH-QUALITY FINANCIAL EDUCATION WORKSHOPS" - SUPPORTING TRAINERS IN USING LEARNER-CENTERED APPROACHES FOR BETTER OUTCOMES. EDUCATION AND OUTREACH ACTIVITIES TO PROMOTE ASSET-BUILDING AND RETENTION POLICIES: AT THE STATE LEVEL, MIDAS HAS ENGAGED IN POLICY DISCUSSION ON TOPICS SUCH AS MATCHED SAVINGS, CONSUMER PROTECTION, FINANCIAL EDUCATION, AND ASSET LIMIT REFORM, LEADING AND SUPPORTING COALITION WORK. MIDAS CONTINUES TO REPRESENT MASSACHUSETTS IN THE NATIONAL CONVERSATION ON ECONOMIC SECURITY, WHILE IN MASSACHUSETTS THE FOLLOWING BILLS/REGULATIONS WERE SUCCESSFUL: -PROTECTION FOR LOW INCOME RESIDENTS AGAINST ABUSIVE DEBT COLLECTION, -EXPANSION OF A PILOT PROGRAM TO INTEGRATE FINANCIAL EDUCATION IN PUBLIC SCHOOLS, -INCREASED STATE REGULATION OF FOR-PROFIT CAREER SCHOOLS. |
| FORM 990, PAGE 6, PART VI, LINE 3 | FINANCIAL MANAGMENT 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, PAGE 6, PART VI, LINE 7A | ADMISSION AS A FULL MEMBER REQUIRES: (I) NOMINATION BY AN EXISTING FULL MEMBER IN GOOD STANDING, (II) APPROVAL BY THE BOARD OF DIRECTORS, AND; (III)APPROVAL BY AN AFFIRMATIVE VOTE OF AT LEAST THREE-FOURTHS OF ALL FULL MEMBERS IN GOOD-STANDING. ADMISSION AS AN AFFILIATE MEMBER REQUIRES APPROVAL BY AN AFFIRMATIVE VOTE OF A SIMPLE MAJORITY OF THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 7B | EACH FULL MEMBER WILL BE ENTITLED THE FOLLOWING RIGHTS: I) ONE VOTE IN ALL MATTERS REQUIRING MEMBER VOTE; II) ONE VOTE TO ELECT REPRESENTATIVES TO THE BOARD OF DIRECTORS; III) ELIGIBILITY TO SERVE ON THE BOARD OF DIRECTORS; IV) EQUAL OPPORTUNITY TO PRESENT IDEAS TO THE CORPORATION, TO VOICE CONCERNS, AND TO REQUEST CHANGES TO THE CORPORATION'S STRUCTURE, POLICIES, OR OPERATIONS; V) ELIGIBILITY FOR PROGRAM FUNDS RAISED BY THE CORPORATION ON BEHALF OF MEMBERS; VI) IN THE CASE OF A MATCHED SAVINGS PROGRAM, ACCESS TO CENTRALIZED MATCHED ACCOUNT MANAGEMENT, RECORD-KEEPING, AND STATEWIDE PROGRAM DATA COLLECTION AND ANALYSIS BY THE CORPORATION, AS FUNDING AND OPPORTUNITIES PERMIT; VII) DISCOUNTS ON TRAININGS, TECHNICAL ASSISTANCE, WEB-BASED RESOURCES AND ACCESS TO THE CORPORATION'S RESOURCE LIBRARY; AND VIII) ACCESS TO ANY CORPORATION ADMINISTRATIVE RECORDS, INCLUDING MEETING MINUTES, GRANT APPLICATIONS, PEER PROGRAM EVALUATION RESULTS,COMMUNICATIONS WITH AND FROM CORPORATION FUNDERS, AND ANY OTHER DOCUMENTS RELATED TO CORPORATION BUSINESS. EACH AFFILIATE MEMBER WILL BE ENTITLED THE FOLLOWING RIGHTS: I) EQUAL OPPORTUNITY TO PRESENT IDEAS TO THE CORPORATION, TO VOICE CONCERNS, AND TO REQUEST CHANGES TO THE CORPORATION'S STRUCTURE, POLICIES OR OPERATIONS; II) PARTICIPATION IN MEMBER MEETINGS AS NON-VOTING MEMBERS; III) PARTICIPATION IN EDUCATIONAL EFFORTS; IV) DISCOUNTS ON TRAININGS, TECHNICAL ASSISTANCE, WEB-BASED RESOURCES AND ACCESS TO THE CORPORATION'S RESOURCE LIBRARY; AND V) OPPORTUNITY TO APPLY FOR ADMISSION AS A FULL MEMBER. |
| FORM 990, PAGE 6, PART VI, LINE 11B | IRS FORM 990 IS REVIEWED WITH PREPARER BY THE MANAGEMENT SERVICES PERSONNEL AND THEN CIRCULATED TO BOARD MEMBERS PRIOR TO SUBMISSION. |
| 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 15B | 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 | PROFESSIONAL SERVICES 3,132 19,222 0 PROFESSIONAL SERVICES 3,726 0 0 PROFESSIONAL SERVICES 15,878 0 0 INTERNSHIPS 9,800 0 0 SUBCONTRACTOR 46,667 0 0 |
Averaging Attachment AveragingAttachment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | ORGANIZATION FIRST LOBBYING ACTIVITY IN 2008. | ExplanationTxt |
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