Liabilities / Assets
89th percentile
Higher debt load relative to assets than 89% of similar nonprofits.
The Midas Collaborative Inc
990 • Fiscal year 2011 • EIN 83-0485169
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.92x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
95th percentile
Faster asset growth than 95% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Up$1,180,347
Up $502,560 (+74%) from 2010
Net Assets
Up$99,836
Up $62,485 (+167%) from 2010
Liabilities
Up$1,080,511
Up $440,075 (+69%) from 2010
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Down$227,494
Down $46,909 (-17%) from 2010
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2011 to Dec 31, 2011
- Signed
- Oct 18, 2012
- Return Version
- 2011v1.2
- Gross Receipts
- $296,031
Mission and Program Overview
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.
Filing and Contact Details
Filer
- EIN
- 83-0485169
Raw XML AppendixShowing 400 of 477 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivityOrMissionDescription | 0 | 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. |
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| IRS990/Description | 0 | -BUILDING SAVINGS AND INVESTMENT: MANAGED AND FUNDED MULTIPLE MATCHED SAVINGS PROGRAMS IN PARTNERSHIP WITH 22 MEMBER ORGANIZATIONS IN MASSACHUSETTS. LOW AND MODERATE INCOME "INVESTORS" FROM DORCHESTER TO NORTH ADAMS, FROM LAWRENCE TO HYANNIS ARE SAVING, LEARNING AND PLANNING FOR THEIR NEW ASSETS. SINCE 2007, THE 755 ENROLLED INVESTORS AT 22 MEMBER SITES SAVED OVER 536,000, EARNED A COMBINED MATCH OVER 1,203,654, AND ATTENDED OVER 6500 HOURS OF FINANCIAL AND ASSET TRAINING TO BUILD THEIR FINANCIAL CAPACITIES. THE 207 INVESTORS WHO GRADUATED BY DECEMBER 2011 INVESTED IN OVER 15.3 MILLION WORTH OF HOMES, EDUCATIONS, SMALL BUSINESSES AND OTHER ASSETS. AN INDEPENDENT PROGRAM EVALUATION WAS COMPLETED IN MARCH. -CO-HOSTED A STATEWIDE WEBINAR FOR LEADERS IN MASSACHUSETTS GATEWAY CITIES "NEW MUNICIPAL STRATEGIES FOR ECONOMIC DEVELOPMENT THROUGH ASSET BUILDING AND FINANCIAL EMPOWERMENT." -CONDUCTED RESEARCH FOR THE UNITED WAY OF PIONEER VALLEY IN A REPORT AND PRESENTATION ENTITLED "ENHANCING STABILITY IN HAMPDEN COUNTY" WITH LOCAL DATA, NATIONAL MODELS, AND SPECIFIC RECOMMENDATIONS FOR FINANCIAL STABILITY STRATEGIES FOR THE SPRINGFIELD/HOLYOKE AREA. -HOSTED STATEWIDE MEMBER TRAININGS FOR DIRECT SERVICE PROVIDERS: OFINANCIAL COACHING METHODS - INCREASING THE MOTIVATION AND SUCCESS OF CLIENTS (55 TRAINED, TO SERVE AN ESTIMATED 6300 CLIENTS) OUNDERSTANDING PROPRIETARY SCHOOLS: CONSUMER EDUCATION (35 TRAINED, SERVING ~1200 CLIENTS) OTHE ARRIVAL OF DEBT SETTLEMENT COMPANIES - CONSUMER EDUCATION (35 TRAINED, SERVING ~1200 CLIENTS) -EXPANDED THE MASSACHUSETTS FINANCIAL EDUCATION COLLABORATIVE WITH A GROUP OF PUBLIC/PRIVATE PARTNERS - AN EFFORT TO BUILD AN EFFICIENT, COLLABORATIVE SYSTEM FOR COORDINATING AND EXPANDING FINANCIAL EDUCATION DELIVERY IN THE STATE, IN THE SUMMIT ON FINANCIAL EDUCATION IN OCTOBER, THE MFEC HOSTED 140 STAKEHOLDERS TO SHARE IDEAS AND RESOURCES. THE GOVERNOR PROCLAIMED OCTOBER TO BE FINANCIAL EDUCATION MONTH, AND THE FILM "FACES OF FINANCIAL EDUCATION" WAS PREMIERED. -OPENED THE FIRST CENTRALIZED OFFICE OF FINANCIAL EDUCATION IN MASSACHUSETTS, WITH SUPPORT FROM MFEC PARTNERS AND FUNDERS. A NEW DIRECTOR WAS HIRED BY MIDAS TO MANAGE THE STATEWIDE COORDINATION OF FINANCIAL EDUCATION. SEE MIDAS'S MASSSAVES.ORG WEBSITE FOR MORE DETAILS, ON-LINE RESOURCES, LOCAL TRAINERS, AND CONNECTIONS THROUGH SOCIAL MEDIA. -COORDINATED AND PROMOTED ASSET DEVELOPMENT PRACTICE AND POLICY IN MASSACHUSETTS, AT THE COMMUNITY, SATE, AND NATIONAL LEVELS, BY EDUCATING POLICYMAKERS AND THE GENERAL PUBLIC ON POLICIES THAT PROMOTE OPPORTUNITIES FOR WEALTH-BUILDING AMONG LOW-INCOME PEOPLE, HOSTING RELEVANT TRAININGS AND CONVENING'S, AND PROVIDING RESOURCES TO PUBLIC AGENCIES, PHILANTHROPIES, LEGISLATORS, PARTNERS, AND OTHER KEY STAKEHOLDERS. |
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| IRS990ScheduleD/OtherAssets/Description | 0 | FUNDS HELD FOR OTHERS |
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| IRS990ScheduleD/OtherLiabilities/Amount | 1 | 67705 |
| IRS990ScheduleD/OtherLiabilities/Description | 0 | FUNDS HELD FOR OTHERS |
| IRS990ScheduleD/OtherLiabilities/Description | 1 | ACCOUNTS PAYABLE TO RELATED PARTY |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | 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. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | -CO-HOSTED A STATEWIDE WEBINAR FOR LEADERS IN MASSACHUSETTS GATEWAY CITIES "NEW MUNICIPAL STRATEGIES FOR ECONOMIC DEVELOPMENT THROUGH ASSET BUILDING AND FINANCIAL EMPOWERMENT." -CONDUCTED RESEARCH FOR THE UNITED WAY OF PIONEER VALLEY IN A REPORT AND PRESENTATION ENTITLED "ENHANCING STABILITY IN HAMPDEN COUNTY" WITH LOCAL DATA, NATIONAL MODELS, AND SPECIFIC RECOMMENDATIONS FOR FINANCIAL STABILITY STRATEGIES FOR THE SPRINGFIELD/HOLYOKE AREA. -HOSTED STATEWIDE MEMBER TRAININGS FOR DIRECT SERVICE PROVIDERS: OFINANCIAL COACHING METHODS - INCREASING THE MOTIVATION AND SUCCESS OF CLIENTS (55 TRAINED, TO SERVE AN ESTIMATED 6300 CLIENTS) OUNDERSTANDING PROPRIETARY SCHOOLS: CONSUMER EDUCATION (35 TRAINED, SERVING ~1200 CLIENTS) OTHE ARRIVAL OF DEBT SETTLEMENT COMPANIES - CONSUMER EDUCATION (35 TRAINED, SERVING ~1200 CLIENTS) -EXPANDED THE MASSACHUSETTS FINANCIAL EDUCATION COLLABORATIVE WITH A GROUP OF PUBLIC/PRIVATE PARTNERS - AN EFFORT TO BUILD AN EFFICIENT, COLLABORATIVE SYSTEM FOR COORDINATING AND EXPANDING FINANCIAL EDUCATION DELIVERY IN THE STATE, IN THE SUMMIT ON FINANCIAL EDUCATION IN OCTOBER, THE MFEC HOSTED 140 STAKEHOLDERS TO SHARE IDEAS AND RESOURCES. THE GOVERNOR PROCLAIMED OCTOBER TO BE FINANCIAL EDUCATION MONTH, AND THE FILM "FACES OF FINANCIAL EDUCATION" WAS PREMIERED. -OPENED THE FIRST CENTRALIZED OFFICE OF FINANCIAL EDUCATION IN MASSACHUSETTS, WITH SUPPORT FROM MFEC PARTNERS AND FUNDERS. A NEW DIRECTOR WAS HIRED BY MIDAS TO MANAGE THE STATEWIDE COORDINATION OF FINANCIAL EDUCATION. SEE MIDAS'S MASSSAVES.ORG WEBSITE FOR MORE DETAILS, ON-LINE RESOURCES, LOCAL TRAINERS, AND CONNECTIONS THROUGH SOCIAL MEDIA. -COORDINATED AND PROMOTED ASSET DEVELOPMENT PRACTICE AND POLICY IN MASSACHUSETTS, AT THE COMMUNITY, SATE, AND NATIONAL LEVELS, BY EDUCATING POLICYMAKERS AND THE GENERAL PUBLIC ON POLICIES THAT PROMOTE OPPORTUNITIES FOR WEALTH-BUILDING AMONG LOW-INCOME PEOPLE, HOSTING RELEVANT TRAININGS AND CONVENING'S, AND PROVIDING RESOURCES TO PUBLIC AGENCIES, PHILANTHROPIES, LEGISLATORS, PARTNERS, AND OTHER KEY STAKEHOLDERS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | 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. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | 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. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | 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. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | IRS FORM 990 IS REVIEWED WITH PREPARER BY THE MANAGEMENT SERVICES PERSONNEL AND THEN CIRCULATED TO BOARD MEMBERS PRIOR TO SUBMISSION. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY AS PART OF THE BUDGET PROCESS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 7 | EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY AS PART OF THE BUDGET PROCESS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 8 | GOVERNING DOCUMENTS PROVIDED UPON WRITTEN REQUEST. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | ORGANIZATION'S MISSION |
| IRS990ScheduleO/GeneralExplanation/Identifier | 1 | FIRST ACCOMPLISHMENT DESCRIPTION |
| IRS990ScheduleO/GeneralExplanation/Identifier | 2 | MANAGEMENT DELEGATED |
| IRS990ScheduleO/GeneralExplanation/Identifier | 3 | ELECTION OF MEMBERS AND THEIR RIGHTS |
| IRS990ScheduleO/GeneralExplanation/Identifier | 4 | DECISIONS SUBJECT TO APPROVAL OF MEMBERS |
| IRS990ScheduleO/GeneralExplanation/Identifier | 5 | ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 6 | COMPENSATION PROCESS FOR TOP OFFICIAL |
| IRS990ScheduleO/GeneralExplanation/Identifier | 7 | COMPENSATION PROCESS FOR OFFICERS |
| IRS990ScheduleO/GeneralExplanation/Identifier | 8 | GOVERNING DOCUMENTS DISCLOSURE EXPLANATION |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PAGE 6, PART VI, LINE 3 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PAGE 6, PART VI, LINE 7B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 6 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 7 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 8 | FORM 990, PAGE 6, PART VI, LINE 19 |
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Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $1,180,347
- Liabilities
- $1,080,511
- Net assets
- $99,836
- Revenue
- -
- Expenses
- $227,494
- Net income
- -