The Midas Collaborative Inc

“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.”

“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.”

“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.”

“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 Any bylaw adopted by the directors may be amended or repealed by the affirmative vote of the full members.”

“No committee has delegated authority. Committees make recommendations to the board and the board takes action.”

“Irs form 990 is reviewed with the preparer by the management services personnel and then circulated to board members prior to submission.”

“Annual disclosure of interests provided as part of the annual financial statement and tax preparation process.”

“Executive compensation is reviewed annually as part of the budget process.”

“Governing documents provided upon written request.”

“The organization terminated the individual financial coaching and planning program in february 2018.”

“Other consultants: program service expenses 0. Management and general expenses 3,000. Fundraising expenses 0. Total expenses 3,000. Payroll service fee: program service expenses 0. Management and general expenses 2,378. Fundraising expenses 0. Total expenses 2,378. Financial services: program service expenses 4,667. Management and general expenses 9,333. Fundraising expenses 0. Total expenses 14,000. It consultants: program service expenses 8,101. Management and general expenses 2,274. Fundraising expenses 0. Total expenses 10,375.”