Liabilities / Assets
90th percentile
Higher debt load relative to assets than 90% of similar nonprofits.
The Midas Collaborative Inc
990 • Fiscal year 2017 • EIN 83-0485169
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.92x
Liabilities / Revenue
94th percentile
Higher debt load relative to revenue than 94% of similar nonprofits.
Net Margin
22nd percentile
Higher net margin than 22% of similar nonprofits.
Top Officer Pay
52nd percentile
Higher top officer pay than 52% of similar nonprofits.
Top officer pay equals 16.8% of source-year revenue.
Asset Growth
7th percentile
Faster asset growth than 7% of similar nonprofits.
Revenue Growth
10th percentile
Faster revenue growth than 10% of similar nonprofits.
Balance Sheet
Assets
Down$1,610,769
Down $351,051 (-18%) from 2016
Net Assets
Down$131,033
Down $34,827 (-21%) from 2016
Liabilities
Down$1,479,736
Down $316,224 (-18%) from 2016
Revenue And Expenses
Revenue
Down$396,252
Down $150,296 (-27%) from 2016
Expenses
Down$431,079
Down $112,950 (-21%) from 2016
Net Income
Down-$34,827
Down $37,346 (-1483%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- Nov 13, 2018
- Return Version
- 2017v2.3
- Gross Receipts
- $399,168
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.
To facilitate asset development and protection of low-income families in a manner that is peer supported, practitioner-tested, and community-building.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $97,536 | $98,639 | ▲ $1,103 |
| Accounts Receivable | $93,832 | $98,054 | ▲ $4,222 |
| Pledges and Grants Receivable | $53,227 | - | - |
| Prepaid Expenses and Deferred Charges | $7,984 | $7,005 | ▼ $979 |
| Land, Buildings, and Equipment, Net | $1,282 | $861 | ▼ $421 |
| Total Assets | $1,961,820 | $1,610,769 | ▼ $351,051 |
| Other Assets Total | $1,707,959 | $1,406,210 | ▼ $301,749 |
| Liabilities | |||
| Other Liabilities | $1,747,920 | $1,446,191 | ▼ $301,729 |
| Accounts Payable and Accrued Expenses | $28,586 | $17,920 | ▼ $10,666 |
| Deferred Revenue | $19,454 | $15,625 | ▼ $3,829 |
| Total Liabilities | $1,795,960 | $1,479,736 | ▼ $316,224 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $139,610 | $113,533 | ▼ $26,077 |
| Temporarily Rstr Net Assets | $26,250 | $17,500 | ▼ $8,750 |
| Total Net Assets Fund Balance | $165,860 | $131,033 | ▼ $34,827 |
| Total Liabilities and Net Assets / Fund Balance | $1,961,820 | $1,610,769 | ▼ $351,051 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $861 | $2,479 | $3,340 |
| Other Assets Org | $1,406,210 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Pamela Hoffman | Executive Director | PT | $63,000 | $3,581 | $66,581 |
Board Members and Trustees
| Name | Title |
|---|---|
| Angela Gomes | Interim Board Chair |
| Blair Benjamin | Director |
| Katherine Adam | Director |
| Nelson Ortiz | Director |
| Tom Keydel | Director |
| William Weydemeyer | Director |
| Jennifer Lowe | Clerk |
| Barbara Greenberg | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $233,375
- Program Service Revenue
- $163,241
- Investment Income
- $0
- Other Revenue
- $-364
- All Other Contributions
- $124,840
- Change in Net Assets
- $-34,827
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $396,252
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $396,252
- Total Revenue per Form 990
- $396,252
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $358,987 |
| Other Expenses | $72,092 |
| Total Fundraising Expense | $31,397 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $202,767 | $19,658 | $20,425 | $242,850 |
| Current Officers, Directors, Trustees, and Key Employees | $57,297 | $5,600 | $5,684 | $68,581 |
| Fees for Services Other | $18,685 | $19,255 | - | $37,940 |
| Payroll Taxes | $22,958 | $2,149 | $2,313 | $27,420 |
| Other Employee Benefits | $17,012 | $1,904 | $1,220 | $20,136 |
| Occupancy | $10,560 | $720 | $720 | $12,000 |
| Office Expenses | $6,565 | $2,330 | $404 | $9,299 |
| Fees for Services Accounting | - | $6,750 | - | $6,750 |
| Insurance | - | $2,830 | - | $2,830 |
| Travel | $1,352 | $310 | $246 | $1,908 |
| Conferences and Meetings | $584 | - | $360 | $944 |
| Depreciation Depletion | $371 | $25 | $25 | $421 |
| Total Functional Expenses | $338,151 | $61,531 | $31,397 | $431,079 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $431,079 |
| Total Expenses per Audited Statements | $431,079 |
| Total Expenses per Form 990 | $431,079 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $2,916 |
| Fundraising Gross Income | $1,840 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Assets & Opportunity Breakfast | $33,630 | $1,840 | $1,076 | $764 |
| Total Events | $33,630 | $1,840 | $2,916 | $-1,076 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- Yes
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Funds Held for Others | $1,405,522 |
| Due to Fiscal Agent | $40,669 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- Yes
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- Yes
Governance Explanations
Form 990, Part VI, Section A, Line 3
“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.”
Form 990, Part VI, Section A, Line 4
“In 2017, the midas bylaws were amended and restated to, among other things, update provisions related to the members, officers and the board of directors of the organization to reflect current operations and practices, including with respect to the composition of the board of directors, clarifying the standards for removal of a member, meetings of members and directors and the process for amending the bylaws.”
Form 990, Part VI, Section A, Line 6
“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.”
Form 990, Part VI, Section A, Line 7A
“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.”
Form 990, Part VI, Section A, Line 7B
“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.”
Form 990, Part VI, Section A, Line 8B
“No committee has delegated authority. Committees make recommendations to the board and the board takes action.”
Form 990, Part VI, Section B, Line 11B
“Irs form 990 is reviewed with the preparer by the management services personnel and then circulated to board members prior to submission.”
Form 990, Part VI, Section B, Line 12C
“Annual disclosure of interests provided as part of the annual financial statement and tax preparation process.”
Form 990, Part VI, Section B, Line 15
“Executive compensation is reviewed annually as part of the budget process.”
Form 990, Part VI, Section C, Line 19
“Governing documents provided upon written request.”
Filing and Contact Details
Filer
- Filer Name
- The Midas Collaborative Inc
- EIN
- 83-0485169
- Phone
- 6177879804
- Address
- 18R SHEPARD STREET NO 100, BRIGHTON, MA 02135
Signing Officer
- Name
- Jennifer Lowe
- Title
- Clerk
- Phone
- 6177879804
- Signed
- 2018-11-13
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Angela Gomes
- Formed
- 2007
- Legal Domicile
- Ma
- Voting Board Members
- 8
- Independent Board Members
- 8
- Employees
- 11
- Volunteers
- 0
Preparer
- Firm
- Kevin P Martin Associates Pc
- Address
- 10 FORBES WEST, BRAINTREE, MA 02184
- Preparer
- Jolanta Tuck CPA
- Phone
- 7813803520
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| IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt | 0 | -1076 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | -1076 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 720 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 720 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 10560 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 12000 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 404 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 2330 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 6565 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 9299 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 1707959 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1406210 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 1220 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 1904 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 17012 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 20136 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 1747920 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 1446191 |
| IRS990/OtherRevenueTotalAmt | 0 | 712 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 20425 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 19658 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 202767 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 242850 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 2313 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 2149 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 22958 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 27420 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 53227 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 7984 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 7005 |
| IRS990/PrincipalOfficerNm | 0 | ANGELA GOMES |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611710 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | SERVICE FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 163241 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 163241 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | INDIVIDUAL FINANCIAL COACHING AND PLANNING: MIDAS MATCHED 97 MASSACHUSETTS RESIDENTS WITH CERTIFIED, MULTILINGUAL FINANCIAL COACHES WHO MET THEM -- VIA PHONE AND VIRTUAL PLATFORMS -- FOR FREE "ONE-ON-ONE" COACHING SESSIONS, AVAILABLE WEEKDAYS, EVENINGS, AND WEEKENDS. WITH A GRANT FROM THE FOUNDATION FOR FINANCIAL PLANNING AND PRO-BONO ASSISTANCE FROM 15 MEMBERS OF THE FINANCIAL PLANNING ASSOCIATION OF MASSACHUSETTS (FPAMA), MIDAS MATCHED 28 PARTICIPANTS WHO COMPLETED A COACHING ENGAGEMENT TO MEET REMOTELY WITH A CERTIFIED FINANCIAL PLANNER FOR SUPPORT ON ISSUES SUCH AS INVESTING AND GROWING SAVINGS, PROTECTING ASSETS, OBTAINING INSURANCE, RETIREMENT AND/OR ESTATE PLANNING, SAVING FOR COLLEGE, AND MAXIMIZING TAX BENEFITS. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 163155 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 24792 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | FINANCIAL EDUCATION AND TRAINING: MIDAS PROVIDED TRAININGS TO STAFF MEMBERS FROM MIDAS MEMBER ORGANIZATIONS ACROSS THE STATE THAT SERVE LOW AND MODERATE-INCOME RESIDENTS; MEMBERS OF THE MASSSAVES COALITION AND THE PUBLIC AT LARGE; EDUCATORS AND POLICYMAKERS AT OUR ANNUAL STATEWIDE FINANCIAL EDUCATION SUMMIT; DIRECT SERVICE ORGANIZATIONS ACROSS THE STATE; AND PROFESSIONAL DEVELOPMENT FOR STAFF. TRAINING TOPICS INCLUDED: FINANCIAL CAPABILITY TRAINING OF TRAINERS; THE CONSUMER FINANCIAL PROTECTION BUREAU'S FINANCIAL EMPOWERMENT TOOLKIT; YOUR MONEY, YOUR GOALS; AND FINANCIAL PLANNING AND ASSET-BUILDING. MIDAS STAFF ALSO PROVIDED ONE-ON-ONE TECHNICAL ASSISTANCE IN FINANCIAL EDUCATION TRAINING. AT THE STATE LEVEL, MIDAS ENGAGED IN POLICY DISCUSSIONS ON TOPICS SUCH AS MATCHED SAVINGS, CONSUMER PROTECTION, AND FINANCIAL EDUCATION, LEADING AND SUPPORTING COALITION WORK. |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 84104 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 19396 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 421337 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 183962 |
| IRS990/PYOtherRevenueAmt | 0 | -981 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 126192 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 2519 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 360067 |
| IRS990/PYTotalExpensesAmt | 0 | 544029 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 546548 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -34827 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 119053 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 233375 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 421337 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 534127 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 378670 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 288800 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 1856309 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 289433 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 712 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 5163 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 2900 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 8266 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 17041 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.86110 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.87930 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 1613194 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 243115 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 233375 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 421337 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 534127 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 378670 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 288800 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1856309 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1873350 |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearAmt | 0 | 12007 |
| IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus1Amt | 0 | 9249 |
| IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus2Amt | 0 | 8708 |
| IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus3Amt | 0 | 7016 |
| IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/TotalAmt | 0 | 36980 |
| IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt | 0 | 21554 |
| IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt | 0 | 26651 |
| IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt | 0 | 27752 |
| IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt | 0 | 21253 |
| IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt | 0 | 97210 |
| IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt | 0 | 86216 |
| IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt | 0 | 106604 |
| IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt | 0 | 111008 |
| IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt | 0 | 85010 |
| IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt | 0 | 388838 |
| IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt | 0 | 12007 |
| IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt | 0 | 9249 |
| IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt | 0 | 8708 |
| IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt | 0 | 7016 |
| IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt | 0 | 36980 |
| IRS990ScheduleC/GrassrootsCeilingAmt | 0 | 145815 |
| IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt | 0 | 21554 |
| IRS990ScheduleC/LobbyingCeilingAmt | 0 | 583257 |
| IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt | 0 | 86216 |
| IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt | 0 | 419072 |
| IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt | 0 | 431079 |
| IRS990ScheduleC/TotalGrassrootsLobbyingGrp/FilingOrganizationsTotalAmt | 0 | 12007 |
| IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt | 0 | 12007 |
| IRS990ScheduleC/TotLbbyExpendMnsLbbyngNonTxGrp/FilingOrganizationsTotalAmt | 0 | 0 |
| IRS990ScheduleC/TotLbbyngGrassrootMnsNonTxGrp/FilingOrganizationsTotalAmt | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 861 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 2479 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 3340 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 431079 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 1406210 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | FUNDS HELD FOR OTHERS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 40669 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 1405522 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO FISCAL AGENT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | FUNDS HELD FOR OTHERS |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 396252 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 861 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 1406210 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 431079 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 1446191 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 396252 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 396252 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 431079 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt | 0 | 31790 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt | 0 | 31790 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 2916 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | ASSETS & OPPORTUNITY BREAKFAST |
| IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt | 0 | 1840 |
| IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt | 0 | 1840 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 33630 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 33630 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 1840 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 1840 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | -1076 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 1076 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 1076 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | IN 2017, THE MIDAS BYLAWS WERE AMENDED AND RESTATED TO, AMONG OTHER THINGS, UPDATE PROVISIONS RELATED TO THE MEMBERS, OFFICERS AND THE BOARD OF DIRECTORS OF THE ORGANIZATION TO REFLECT CURRENT OPERATIONS AND PRACTICES, INCLUDING WITH RESPECT TO THE COMPOSITION OF THE BOARD OF DIRECTORS, CLARIFYING THE STANDARDS FOR REMOVAL OF A MEMBER, MEETINGS OF MEMBERS AND DIRECTORS AND THE PROCESS FOR AMENDING THE BYLAWS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | NO COMMITTEE HAS DELEGATED AUTHORITY. COMMITTEES MAKE RECOMMENDATIONS TO THE BOARD AND THE BOARD TAKES ACTION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | IRS FORM 990 IS REVIEWED WITH THE PREPARER BY THE MANAGEMENT SERVICES PERSONNEL AND THEN CIRCULATED TO BOARD MEMBERS PRIOR TO SUBMISSION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | ANNUAL DISCLOSURE OF INTERESTS PROVIDED AS PART OF THE ANNUAL FINANCIAL STATEMENT AND TAX PREPARATION PROCESS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY AS PART OF THE BUDGET PROCESS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | GOVERNING DOCUMENTS PROVIDED UPON WRITTEN REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt | 0 | 26250 |
| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 17500 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $1,610,769
- Liabilities
- $1,479,736
- Net assets
- $131,033
- Revenue
- $396,252
- Expenses
- $431,079
- Net income
- -$34,827