Civic Intelligence

The Midas Collaborative Inc

990 • Fiscal year 2019 • EIN 83-0485169

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 23, 2020

2 Oliver Street No 802Boston, MA 02109

(671) 532-3916

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.87x

Higher debt load relative to assets than 92% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

97th percentile

4.83x

Higher debt load relative to revenue than 97% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

27th percentile

-4.9%

Higher net margin than 27% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

66th percentile

$49,959

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 28.4% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

6th percentile

-28%

Faster asset growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

13th percentile

-25%

Faster revenue growth than 13% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$970,656

Down $385,779 (-28%) from 2018

Net Assets

Down

$122,715

Down $8,697 (-6.6%) from 2018

Liabilities

Down

$847,941

Down $377,082 (-31%) from 2018

Revenue

Down

$175,720

Down $58,814 (-25%) from 2018

Expenses

Down

$184,417

Down $49,738 (-21%) from 2018

Net Income

Down

-$8,697

Down $9,076 (-2395%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $677,787Liabilities 2010: $640,436Net Assets 2010: $37,3512010Assets 2011: $1,180,347Liabilities 2011: $1,080,511Net Assets 2011: $99,8362011Assets 2012: $1,238,289Liabilities 2012: $1,162,229Net Assets 2012: $76,0602012Assets 2013: $1,422,467Liabilities 2013: $1,361,475Net Assets 2013: $60,9922013Assets 2014: $1,397,151Liabilities 2014: $1,324,105Net Assets 2014: $73,0462014Assets 2015: $1,824,376Liabilities 2015: $1,661,035Net Assets 2015: $163,3412015Assets 2016: $1,961,820Liabilities 2016: $1,795,960Net Assets 2016: $165,8602016Assets 2017: $1,610,769Liabilities 2017: $1,479,736Net Assets 2017: $131,0332017Assets 2018: $1,356,435Liabilities 2018: $1,225,023Net Assets 2018: $131,4122018Assets 2019: $970,656Liabilities 2019: $847,941Net Assets 2019: $122,7152019Assets 2020: $667,319Liabilities 2020: $495,766Net Assets 2020: $171,5532020Assets 2022: $1,003,033Liabilities 2022: $633,271Net Assets 2022: $369,7622022Assets 2023: $1,177,038Liabilities 2023: $719,976Net Assets 2023: $457,0622023Assets 2024: $1,097,147Liabilities 2024: $585,178Net Assets 2024: $511,9692024

Highlighted filing

2019

Assets$970,656
Liabilities$847,941
Net Assets$122,715

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $274,4032010Expenses 2011: $227,4942011Expenses 2012: $276,0202012Revenue 2013: $346,203Expenses 2013: $361,271Net Income 2013: -$15,0682013Revenue 2014: $437,103Expenses 2014: $425,049Net Income 2014: $12,0542014Revenue 2015: $654,971Expenses 2015: $564,676Net Income 2015: $90,2952015Revenue 2016: $546,548Expenses 2016: $544,029Net Income 2016: $2,5192016Revenue 2017: $396,252Expenses 2017: $431,079Net Income 2017: -$34,8272017Revenue 2018: $234,534Expenses 2018: $234,155Net Income 2018: $3792018Revenue 2019: $175,720Expenses 2019: $184,417Net Income 2019: -$8,6972019Revenue 2020: $223,429Expenses 2020: $174,591Net Income 2020: $48,8382020Revenue 2022: $627,524Expenses 2022: $449,796Net Income 2022: $177,7282022Revenue 2023: $477,798Expenses 2023: $515,498Net Income 2023: -$37,7002023Revenue 2024: $636,124Expenses 2024: $581,217Net Income 2024: $54,9072024

Highlighted filing

2019

Revenue$175,720
Expenses$184,417
Net Income-$8,697
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 23, 2020
Return Version
2019v5.1
Gross Receipts
$180,762
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.

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
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$146,479$166,163▲ $19,684
Accounts Receivable$51,697$32,943▼ $18,754
Prepaid Expenses and Deferred Charges$6,699$5,363▼ $1,336
Land, Buildings, and Equipment, Net$438$96▼ $342
Total Assets$1,356,435$970,656▼ $385,779
Other Assets Total$1,151,122$766,091▼ $385,031
Liabilities
Other Liabilities$1,191,779$806,178▼ $385,601
Accounts Payable and Accrued Expenses$9,196$27,219▲ $18,023
Deferred Revenue$24,048$14,544▼ $9,504
Total Liabilities$1,225,023$847,941▼ $377,082
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$115,412$122,715▲ $7,303
Net Assets With Donor Restrictions$16,000$0▼ $16,000
Total Net Assets Fund Balance$131,412$122,715▼ $8,697
Total Liabilities and Net Assets / Fund Balance$1,356,435$970,656▼ $385,779

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$96$864$960
Other Assets Org$766,091--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimberly HirshExecutive DirectorPT$45,346$4,613$49,959

Board Members and Trustees

NameTitle
Angela GomesChair
Blair BenjaminDirector
Debra TobinDirector
Gul Yanmaz-karsligilDirector
Molly GoodmanDirector
Nelson OrtizDirector
Sandee Ting SimshauserDirector
Sara Garrity-gentileDirector
Jennifer LoweClerk (until 9/19)
Symone CrawfordSecretary (as of 9/19)
Tom KeydelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$87,963
Program Service Revenue
$87,481
Investment Income
$487
Other Revenue
$-211
All Other Contributions
$30,343
Change in Net Assets
$-8,697

Audited Revenue Reconciliation

Revenue per Audited Statements
$175,720
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$175,720
Total Revenue per Form 990
$175,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$122,645
Other Expenses$61,772
Total Fundraising Expense$13,977
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$41,462$11,500$5,750$58,712
Current Officers, Directors, Trustees, and Key Employees$33,931$10,719$5,309$49,959
Fees for Services Other$7,189$9,392-$16,581
Occupancy$9,745$2,703$1,352$13,800
Payroll Taxes$10,289$2,268$1,090$13,647
Information Technology$9,016$2,304-$11,320
Fees for Services Accounting-$8,925-$8,925
Other Expenses$4,845$349$92$5,286
Insurance-$2,897-$2,897
Office Expenses$913$780$297$1,990
Travel$287$419-$706
Other Employee Benefits$136$130$61$327
Depreciation Depletion$188$53$26$267
Total Functional Expenses$118,001$52,439$13,977$184,417

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$184,417
Total Expenses per Audited Statements$184,417
Total Expenses per Form 990$184,417
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 ItemAmount
Fundraising Direct Expenses$2,662
Fundraising Gross Income$2,451
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Assets & Opportunity Breakfast$34,630$2,451$211$2,240
Total Events$34,630$2,451$2,662$-211
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$765,901
Due to Fiscal Agent$40,277
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
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 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
6715323916
Address
2 OLIVER STREET NO 802, BOSTON, MA 02109

Signing Officer

Name
Kimberly Hirsh
Title
Executive Director
Phone
6715323916
Signed
2020-09-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Hirsh
Formed
2007
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
20

Preparer

Firm
Kevin P Martin & Associates Pc
Address
10 FORBES WEST, BRAINTREE, MA 02184
Preparer
Alison Johnson CPA
Phone
7813803520
Raw XML AppendixShowing 400 of 521 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt09196
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt027219
IRS990/AccountsReceivableGrp/BOYAmt051697
IRS990/AccountsReceivableGrp/EOYAmt032943
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO FACILITATE ASSET DEVELOPMENT AND PROTECTION OF LOW-INCOME FAMILIES IN A MANNER THAT IS PEER SUPPORTED, PRACTITIONER-TESTED, AND COMMUNITY-BUILDING.
IRS990/AllOtherContributionsAmt030343
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ALLSTON-BRIGHTON CDC
IRS990/BooksInCareOfDetail/PhoneNum06175323916
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02 OLIVER STREET SUITE 802
IRS990/BooksInCareOfDetail/USAddress/CityNm0BOSTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002109
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0146479
IRS990/CashNonInterestBearingGrp/EOYAmt0166163
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt05309
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt010719
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt033931
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt049959
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt032179
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt087963
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0487
IRS990/CYOtherExpensesAmt061772
IRS990/CYOtherRevenueAmt0-211
IRS990/CYProgramServiceRevenueAmt087481
IRS990/CYRevenuesLessExpensesAmt0-8697
IRS990/CYSalariesCompEmpBnftPaidAmt0122645
IRS990/CYTotalExpensesAmt0184417
IRS990/CYTotalFundraisingExpenseAmt013977
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0175720
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt024048
IRS990/DeferredRevenueGrp/EOYAmt014544
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/FundraisingAmt026
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt053
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0188
IRS990/DepreciationDepletionGrp/TotalAmt0267
IRS990/Desc0BUILDING SAVINGS AND INVESTMENT: MIDAS OPERATES MULTIPLE MATCHED SAVINGS PROGRAMS IN PARTNERSHIP WITH MEMBER COMMUNITY ORGANIZATIONS ACROSS MASSACHUSETTS. IN 2019, 9 PARTNER SITES ENROLLED 173 PARTICIPANTS WHO ATTENDED WORKSHOPS AND COUNSELING SESSIONS TO BUILD THEIR FINANCIAL SKILLS AND CAPABILITY. 127 MATCHED SAVINGS PROGRAM PARTICIPANTS GRADUATED IN 2019, MAKING INVESTMENTS IN HOMES, HIGHER EDUCATION PROGRAMS, SMALL BUSINESSES, AND OTHER ASSETS SUCH AS CARS, COMPUTERS, TEXTBOOKS AND EMERGENCY SAVINGS FUNDS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt016000
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt067464
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FederatedCampaignsAmt010000
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08925
IRS990/FeesForServicesAccountingGrp/TotalAmt08925
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt09392
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt07189
IRS990/FeesForServicesOtherGrp/TotalAmt016581
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1122.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt114613
IRS990/Form990PartVIISectionAGrp/PersonNm0ANGELA GOMES
IRS990/Form990PartVIISectionAGrp/PersonNm1TOM KEYDEL
IRS990/Form990PartVIISectionAGrp/PersonNm2SYMONE CRAWFORD
IRS990/Form990PartVIISectionAGrp/PersonNm3JENNIFER LOWE
IRS990/Form990PartVIISectionAGrp/PersonNm4SARA GARRITY-GENTILE
IRS990/Form990PartVIISectionAGrp/PersonNm5BLAIR BENJAMIN
IRS990/Form990PartVIISectionAGrp/PersonNm6MOLLY GOODMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7NELSON ORTIZ
IRS990/Form990PartVIISectionAGrp/PersonNm8SANDEE TING SIMSHAUSER
IRS990/Form990PartVIISectionAGrp/PersonNm9DEBRA TOBIN
IRS990/Form990PartVIISectionAGrp/PersonNm10GUL YANMAZ-KARSLIGIL
IRS990/Form990PartVIISectionAGrp/PersonNm11KIMBERLY HIRSH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1145346
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY (AS OF 9/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt3CLERK (UNTIL 9/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt032179
IRS990/FundraisingDirectExpensesAmt02662
IRS990/FundraisingGrossIncomeAmt02451
IRS990/GainOrLossGrp/OtherAmt0-75
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt011316
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt02305
IRS990/GrossReceiptsAmt0180762
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02304
IRS990/InformationTechnologyGrp/ProgramServicesAmt09016
IRS990/InformationTechnologyGrp/TotalAmt011320
IRS990/InsuranceGrp/ManagementAndGeneralAmt02897
IRS990/InsuranceGrp/TotalAmt02897
IRS990/InvestmentIncomeGrp/ExclusionAmt0562
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0562
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0864
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0438
IRS990/LandBldgEquipBasisNetGrp/EOYAmt096
IRS990/LandBldgEquipCostOrOtherBssAmt0960
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt02380
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt04125
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0131412
IRS990/NetAssetsOrFundBalancesEOYAmt0122715
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-75
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-75
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-211
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-211
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0115412
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0122715
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01352
IRS990/OccupancyGrp/ManagementAndGeneralAmt02703
IRS990/OccupancyGrp/ProgramServicesAmt09745
IRS990/OccupancyGrp/TotalAmt013800
IRS990/OfficeExpensesGrp/FundraisingAmt0297
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0780
IRS990/OfficeExpensesGrp/ProgramServicesAmt0913
IRS990/OfficeExpensesGrp/TotalAmt01990
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01151122
IRS990/OtherAssetsTotalGrp/EOYAmt0766091
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt061
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0130
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0136
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0327
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt092
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0349
IRS990/OtherExpensesGrp/ProgramServicesAmt04845
IRS990/OtherExpensesGrp/TotalAmt05286
IRS990/OtherLiabilitiesGrp/BOYAmt01191779
IRS990/OtherLiabilitiesGrp/EOYAmt0806178
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05750
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011500
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt041462
IRS990/OtherSalariesAndWagesGrp/TotalAmt058712
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01090
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02268
IRS990/PayrollTaxesGrp/ProgramServicesAmt010289
IRS990/PayrollTaxesGrp/TotalAmt013647
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06699
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05363
IRS990/PrincipalOfficerNm0KIMBERLY HIRSH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt087481
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt087481
IRS990/ProgSrvcAccomActy2Grp/Desc0DELIVERING FINANCIAL EDUCATION AND POLICY: MIDAS PROVIDED TRAININGS TO STAFF FROM MEMBER COMMUNITY ORGANIZATIONS ACROSS THE STATE THAT SERVE LOW AND MODERATE INCOME RESIDENTS, TO VOLUNTEERS AND MEMBERS OF THE PUBLIC WHO PARTICIPATE IN MIDAS' MASSSAVES INITIATIVE, AND TO EDUCATORS AND POLICYMAKERS AT OUR ANNUAL FINANCIAL EDUCATION SUMMIT. TRAINING TOPICS INCLUDED: STUDENT DEBT, MOBILIZING FOR THE 2020 CENSUS, ASSET BUILDING AND SAVINGS, FINANCIAL CAPABILITY FOR OLDER ADULTS, AND FINANCIAL HEALTH AND WELLNESS AMONG VARIOUS AGES AND STAGES.PERFORMING OUTREACH AND ADVOCACY TO ADDRESS INCOME INEQUALITY: MIDAS PARTICIPATED IN POLICY COALITIONS AND ENGAGED IN DISCUSSIONS AT THE STATE LEVEL ON TOPICS SUCH AS CONSUMER PROTECTION, FAIRNESS IN DEBT COLLECTION PRACTICES, FINANCIAL LITERACY AND EDUCATION, ASSET BUILDING, AND TAX CREDIT REFORM. MIDAS REPRESENTED MASSACHUSETTS IN THE NATIONAL CONVERSATION ON INCOME INEQUALITY, WEALTH BUILDING, AND FINANCIAL CAPABILITY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt050537
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01903
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0122074
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt062766
IRS990/PYOtherRevenueAmt0-362
IRS990/PYProgramServiceRevenueAmt0112822
IRS990/PYRevenuesLessExpensesAmt0379
IRS990/PYSalariesCompEmpBnftPaidAmt0171389
IRS990/PYTotalExpensesAmt0234155
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0234534
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-8697
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt085578
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER REVENUE - 2017 AMOUNT: $ 712.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt087963
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0122074
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0233375
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0421337
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0534127
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01398876
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0562
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0562
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0612102
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0712
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0712
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.88450
IRS990ScheduleA/PublicSupportPY170Pct00.88420
IRS990ScheduleA/PublicSupportTotal170Amt01238474
IRS990ScheduleA/SubstantialContributorsTotAmt0160402
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt087963
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0122074
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0233375
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0421337
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0534127
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01398876
IRS990ScheduleA/TotalSupportAmt01400150
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearAmt02283
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus1Amt04614
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus2Amt012007
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus3Amt09249
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/TotalAmt028153
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt09221
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt011708
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt021554
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt026651
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt069134
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt036883
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt046831
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt086216
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt0106604
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0276534
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt02283
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt04614
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt012007
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt09249
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt028153
IRS990ScheduleC/GrassrootsCeilingAmt0103701
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt09221
IRS990ScheduleC/LobbyingCeilingAmt0414801
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt036883
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0182134
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0184417
IRS990ScheduleC/TotalGrassrootsLobbyingGrp/FilingOrganizationsTotalAmt02283
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt02283
IRS990ScheduleC/TotLbbyExpendMnsLbbyngNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyngGrassrootMnsNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt096
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0864
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0960
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0184417
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0766091
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDS HELD FOR OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040277
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1765901
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO FISCAL AGENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FUNDS HELD FOR OTHERS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0175720
IRS990ScheduleD/TotalBookValueLandBuildingsAmt096
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0766091
IRS990ScheduleD/TotalExpensesPerForm990Amt0184417
IRS990ScheduleD/TotalLiabilityAmt0806178
IRS990ScheduleD/TotalRevenuePerForm990Amt0175720
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0175720
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0184417
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt032179
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt032179

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.59$0.51$0.64$0.58$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.72$0.46$0.48$0.52$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.63$0.37$0.63$0.45$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.50$0.17$0.22$0.17$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.97$0.85$0.12$0.18$0.18$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$1.23$0.13$0.23$0.23$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$1.48$0.13$0.40$0.43$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$1.80$0.17$0.55$0.54$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.82$1.66$0.16$0.65$0.56$0.09
2014Detailed filing. Detailed filing data is available for this year.$1.40$1.32$0.07$0.44$0.43$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.42$1.36$0.06$0.35$0.36$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$1.16$0.08$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$1.08$0.10$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.64$0.04$0.27