2013-11-15T08:42:45-06:00 2012-12-31 SANDBERG & CREEDEN PC 331 PAGE ST STE 2 STOUGHTON MA 020721172 990 2012-01-01 830485169 THE MIDAS COLLABORATIVE INC MIDA 6177873874 20 LINDEN STREET 2ND FLOOR ALLSTON MA 02134 MARGARET MILEY 6177873874 2013-11-15 true THERESA J CREEDEN 7813440850 2013-11-14 2012 2016-02-25 16:41:14Z VERNETTE ALLEN 20 LINDEN STREET 2ND FLOOR ALLSTON MA 02134 257716 false X MASSASSETS.ORG X 2007 MA 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. 8 8 5 0 289896 239517 2493 462 11547 -2410 718 289979 252244 250 10000 0 152132 192973 0 10873 75112 73047 227494 276020 62485 -23776 1180347 1238289 1080511 1162229 99836 76060 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. false false 226608 10000 462 BUILDING SAVINGS AND INVESTMENT: MULTIPLE MATCHED SAVINGS PROGRAMS OPERATE IN PARTNERSHIP WITH 20 MEMBER ORGANIZATIONS IN MASSACHUSETTS. LOW AND MODERATE INCOME "INVESTORS" FROM DORCHESTER TO NORTH ADAMS, AND FROM LAWRENCE TO HYANNIS ARE SAVING, LEARNING, AND PLANNING FOR THEIR NEW ASSETS. THE 878 ENROLLED INVESTORS AT 20 MEMBER SITES SAVED OVER 707,000, EARNED A COMBINED MATCH OVER 1.3 MILLION, AND ATTENDED OVER 9000 HOURS OF FINANCIAL AND ASSET TRAINING TO BUILD THEIR FINANCIAL CAPABILITIES. THE 309 INVESTORS WHO GRADUATED BY THE END OF 2012 INVESTED IN OVER 22.3 MILLION WORTH OF HOMES, EDUCATIONS, SMALL BUSINESSES, AND OTHER ASSETS SUCH AS CARS, COMPUTERS, AND RAINY DAY FUNDS. INNOVATING FOR SCALE: MIDAS LAUNCHED THE EFFICIENT ECONOMIC INVESTMENT PROGRAM (EEI) IN OCTOBER --THE LARGEST MATCHED SAVINGS PROGRAM TO DATE IN MASSACHUSETTS-- HUNDREDS OF LOW AND MODERATE INCOME RESIDENTS WILL INCREASE THEIR PERSONAL SAVINGS, BUILD THEIR FINANCIAL SKILLS, INVEST IN FIRST HOMES, SMALL BUSINESSES, AND HIGHER EDUCATION. COMMUNITY PARTNER ORGANIZATIONS WILL PROVIDE TRAINING AND AN INCENTIVE MATCH TO HUNDREDS OF RESIDENTS OF BOSTON, CAMBRIDGE, SOMERVILLE, LAWRENCE, AND NORTH ADAMS, AS WELL AS SOME OUT-OF-STATE RESIDENTS. WE WILL BUILD UPON WHAT WE HAVE LEARNED MANAGING THESE PROGRAMS TO DATE. NEW INNOVATIONS IN THE PROGRAM INCLUDE AUTOMATED TRANSACTIONS, MOBILE COMMUNICATIONS, AND REMOTE SUPPORT, WHICH WILL INCREASE COMMUNICATION WHILE REDUCING PROGRAM COSTS. GATEWAY CITIES FOCUS: MIDAS PROVIDED TECHNICAL SUPPORT FOR ORGANIZATIONS AND MUNICIPALITIES PURSUING FINANCIAL STABILITY STRATEGIES IN CHELSEA, LAWRENCE, LYNN, SPRINGFIELD/HOLYOKE, MARLBOROUGH, AND CAMBRIDGE. THIS FOLLOWED THE DISTRIBUTION OF THE 2011 "ENHANCING STABILITY IN HAMPDEN COUNTY" REPORT, WITH LOCAL DATA, NATIONAL MODELS, AND SPECIFIC RECOMMENDATIONS FOR FINANCIAL STABILITY STRATEGIES FOR THE SPRINGFIELD/HOLYOKE AREA. NEW FINANCIAL STABILITY CENTERS ARE OPEN AND OPERATING IN CHELSEA, LYNN, LAWRENCE, AND BOSTON. PROVIDING FINANCIAL EDUCATION: MIDAS MEMBERS AND PARTNERS DELIVERED 20,000 COPIES OF THE MIDAS RESOURCE, "STAYING AFLOAT: MANAGING YOUR FINANCES IN A CHANGING ECONOMY", TO LOW INCOME HOUSEHOLD THROUGHOUT THE STATE. THE GUIDE PROVIDES ACCESSIBLE, MASSACHUSETTS-SPECIFIC FINANCIAL INFORMATION TO CONSUMERS IN FOUR LANGUAGES. BUS PLACARDS IN SPRINGFIELD AND BOSTON GENERATED MORE INTEREST; ADDING TO THE OVER 6,000 VISITS TO THE MASS SAVES.ORG WEBSITE FOR CONSUMER INFORMATION. TRAINING PROVIDERS: MIDAS PROVIDED TRAININGS IN CRITICAL AREAS FOR STAFF MEMBERS SERVING LOW AND MODERATE INCOME RESIDENTS OF MASSACHUSETTS. TRAININGS INCLUDED: DESIGNING AN EFFECTIVE FINANCIAL EDUCATION WORKSHOP- METHODS THAT WORK FOR ADULTS; POST-SECONDARY EDUCATION TRAINING- IDENTIFY, ACCESS, AND PAY FOR CAREER ENHANCING POST-SECONDARY EDUCATION; CONSUMER RIGHTS IN THE DEBT COLLECTION PROCESS; RESOURCES FOR STUDENT LOAN REPAYMENT OPTIONS; BEHAVIORAL ECONOMICS STRATEGIES FOR FINANCIAL STABILITY PROGRAMS. MORE THAN 100 DIRECT PROVIDERS WILL SHARE THIS EXPERTISE WITH THOUSANDS OF MASSACHUSETTS CLIENTS. MIDAS IS HOSTING THE MASSACHUSETTS FINANCIAL EDUCATION COLLABORATIVE (MFEC) WITH A GROUP OF PUBLIC/PRIVATE PARTNERS TO BUILD AN EFFICIENT, COLLABORATIVE SYSTEM FOR COORDINATING AND EXPANDING FINANCIAL EDUCATION DELIVERY IN THE STATE. A DIRECTOR WAS HIRED, THE NUMBER OF MFEC MEMBERS AND FANS INCREASED TO OVER 600, WEBSITE TRAFFIC INCREASED TO OVER 6000 UNIQUE VISITORS. IN 2012, A LEADERSHIP GROUP OF FINANCIAL EDUCATORS WAS TRAINED IN OUTCOMES ASSESSMENT AND BEGAN SHARING THEIR SKILLS WITH THE FIELD, STARTING AT THE SUMMIT ON FINANCIAL EDUCATION IN OCTOBER IN WORCESTER. A NEW STEERING COMMITTEE WAS ELECTED, A HIGH SCHOOL EDUCATION PILOT WAS LAUNCHED, AND PLANS FOR A PUBLIC AWARENESS CAMPAIGN HAVE BEGUN. 226608 true true false true false false false false false false true false false true true false true false false false false false false false true false false true false false false false false false false false false false false false false false false false false false false true 3 0 true 5 true false false false false false false X 8 8 false true false false false true true true true false false true true false false false false true true false MA X X ALLSTON-BRIGHTON CDC 6177873874 20 LINDEN STREET 2ND FLOOR ALLSTON MA 02134 X VERNETTE ALLEN 0.50 X X 0 0 0 JACQUELINE COOPER 0.50 X X 0 0 0 BLAIR BENJAMIN 0.50 X 0 0 0 SALONI BOWRY 0.50 X 0 0 0 SUSANNE CAMERON 0.50 X X 0 0 0 JUAN BONILLA 0.50 X 0 0 0 ANJALI WAIKER 0.50 X 0 0 0 ANGELA GOMES 0.50 X 0 0 0 false false false 7125 18650 57693 156049 239517 OTHER FEES 462 462 462 11547 11547 6190 18650 5472 718 718 252244 462 12265 X 10000 10000 56236 33742 14059 8435 108943 108639 190 114 13629 11360 1418 851 14165 12285 1175 705 6252 6252 37735 24021 13714 12558 11259 952 347 10000 8900 700 400 1461 1409 41 11 4795 4774 21 246 219 17 10 276020 226608 38539 10873 124956 140110 27727 31826 29704 542 8168 1230 369 1107 861 994189 1059446 1180347 1238289 12860 7662 5757 60207 1061894 1094360 1080511 1162229 X 10737 31962 89099 44098 99836 76060 1180347 1238289 -23776 X false true X true false X 192634 207953 249321 284994 218742 1153644 192634 207953 249321 284994 218742 1153644 286860 866784 3857 1723 11547 17127 3642 12009 15651 1186422 462 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3253 3253 275137 278390 55678 13920 39095 54881 45499 55678 195153 292730 1322 1147 3379 3253 9101 9774 13720 11375 13920 48789 73184 FUNDS HELD FOR OTHERS 1059446 1059446 FUNDS HELD FOR OTHERS 1059446 ACCOUNTS PAYABLE TO RELATED PARTY 34914 1094360 254614 2370 2370 252244 252244 278390 2370 2370 276020 276020 CELEBRATIONS 24840 18650 6190 5472 24840 18650 6190 5472 5472 718 true JEWISH VOCATIONAL SERVICE INC 29 WINTER ST SUITE 300 BOSTON MA 02108 042104357 6000 2 ORGANIZATION'S MISSION 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. FIRST ACCOMPLISHMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4A INNOVATING FOR SCALE: MIDAS LAUNCHED THE EFFICIENT ECONOMIC INVESTMENT PROGRAM (EEI) IN OCTOBER --THE LARGEST MATCHED SAVINGS PROGRAM TO DATE IN MASSACHUSETTS-- HUNDREDS OF LOW AND MODERATE INCOME RESIDENTS WILL INCREASE THEIR PERSONAL SAVINGS, BUILD THEIR FINANCIAL SKILLS, INVEST IN FIRST HOMES, SMALL BUSINESSES, AND HIGHER EDUCATION. COMMUNITY PARTNER ORGANIZATIONS WILL PROVIDE TRAINING AND AN INCENTIVE MATCH TO HUNDREDS OF RESIDENTS OF BOSTON, CAMBRIDGE, SOMERVILLE, LAWRENCE, AND NORTH ADAMS, AS WELL AS SOME OUT-OF-STATE RESIDENTS. WE WILL BUILD UPON WHAT WE HAVE LEARNED MANAGING THESE PROGRAMS TO DATE. NEW INNOVATIONS IN THE PROGRAM INCLUDE AUTOMATED TRANSACTIONS, MOBILE COMMUNICATIONS, AND REMOTE SUPPORT, WHICH WILL INCREASE COMMUNICATION WHILE REDUCING PROGRAM COSTS. GATEWAY CITIES FOCUS: MIDAS PROVIDED TECHNICAL SUPPORT FOR ORGANIZATIONS AND MUNICIPALITIES PURSUING FINANCIAL STABILITY STRATEGIES IN CHELSEA, LAWRENCE, LYNN, SPRINGFIELD/HOLYOKE, MARLBOROUGH, AND CAMBRIDGE. THIS FOLLOWED THE DISTRIBUTION OF THE 2011 "ENHANCING STABILITY IN HAMPDEN COUNTY" REPORT, WITH LOCAL DATA, NATIONAL MODELS, AND SPECIFIC RECOMMENDATIONS FOR FINANCIAL STABILITY STRATEGIES FOR THE SPRINGFIELD/HOLYOKE AREA. NEW FINANCIAL STABILITY CENTERS ARE OPEN AND OPERATING IN CHELSEA, LYNN, LAWRENCE, AND BOSTON. PROVIDING FINANCIAL EDUCATION: MIDAS MEMBERS AND PARTNERS DELIVERED 20,000 COPIES OF THE MIDAS RESOURCE, "STAYING AFLOAT: MANAGING YOUR FINANCES IN A CHANGING ECONOMY", TO LOW INCOME HOUSEHOLD THROUGHOUT THE STATE. THE GUIDE PROVIDES ACCESSIBLE, MASSACHUSETTS-SPECIFIC FINANCIAL INFORMATION TO CONSUMERS IN FOUR LANGUAGES. BUS PLACARDS IN SPRINGFIELD AND BOSTON GENERATED MORE INTEREST; ADDING TO THE OVER 6,000 VISITS TO THE MASS SAVES.ORG WEBSITE FOR CONSUMER INFORMATION. TRAINING PROVIDERS: MIDAS PROVIDED TRAININGS IN CRITICAL AREAS FOR STAFF MEMBERS SERVING LOW AND MODERATE INCOME RESIDENTS OF MASSACHUSETTS. TRAININGS INCLUDED: DESIGNING AN EFFECTIVE FINANCIAL EDUCATION WORKSHOP- METHODS THAT WORK FOR ADULTS; POST-SECONDARY EDUCATION TRAINING- IDENTIFY, ACCESS, AND PAY FOR CAREER ENHANCING POST-SECONDARY EDUCATION; CONSUMER RIGHTS IN THE DEBT COLLECTION PROCESS; RESOURCES FOR STUDENT LOAN REPAYMENT OPTIONS; BEHAVIORAL ECONOMICS STRATEGIES FOR FINANCIAL STABILITY PROGRAMS. MORE THAN 100 DIRECT PROVIDERS WILL SHARE THIS EXPERTISE WITH THOUSANDS OF MASSACHUSETTS CLIENTS. MIDAS IS HOSTING THE MASSACHUSETTS FINANCIAL EDUCATION COLLABORATIVE (MFEC) WITH A GROUP OF PUBLIC/PRIVATE PARTNERS TO BUILD AN EFFICIENT, COLLABORATIVE SYSTEM FOR COORDINATING AND EXPANDING FINANCIAL EDUCATION DELIVERY IN THE STATE. A DIRECTOR WAS HIRED, THE NUMBER OF MFEC MEMBERS AND FANS INCREASED TO OVER 600, WEBSITE TRAFFIC INCREASED TO OVER 6000 UNIQUE VISITORS. IN 2012, A LEADERSHIP GROUP OF FINANCIAL EDUCATORS WAS TRAINED IN OUTCOMES ASSESSMENT AND BEGAN SHARING THEIR SKILLS WITH THE FIELD, STARTING AT THE SUMMIT ON FINANCIAL EDUCATION IN OCTOBER IN WORCESTER. A NEW STEERING COMMITTEE WAS ELECTED, A HIGH SCHOOL EDUCATION PILOT WAS LAUNCHED, AND PLANS FOR A PUBLIC AWARENESS CAMPAIGN HAVE BEGUN. MANAGEMENT DELEGATED 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. ELECTION OF MEMBERS AND THEIR RIGHTS 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. DECISIONS SUBJECT TO APPROVAL OF MEMBERS 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. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 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. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY AS PART OF THE BUDGET PROCESS. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY AS PART OF THE BUDGET PROCESS. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS PROVIDED UPON WRITTEN REQUEST. OTHER FEES FOR SERVICES FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES 12,521 13,714 0 INTERNSHIPS 11,500 0 0 ORGANIZATION FIRST LOBBYING ACTIVITY IN 2008.