The Midas Collaborative Inc

“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.”

“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.”

“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.”

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

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

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

“Governing documents provided upon written request.”

“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.”

“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.”

“-"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.”

“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”