The Midas Collaborative Inc

“Financial management services and payroll and benefit processing provided by allston brighton community development corporation for a fee, for part of current year. All expenses reimbrursedd to allston brighton community development 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 promting the accumulation of assets by, or working to improve the financial stability or security for low or moderate income persons. Affiliate membership is available only to persons not employed or other representing any full member.”

“New members are elected by the board of directors.”

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 Any bylaw adopted by the directors may be amended or repealed by the affirmative vote of the full members.”

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

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

“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.”

“Delivering financial education and policy: midas provided training 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 initative, and to educators and policy makers at the annual financial education summit training. Topics included student debt, 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 of income inequality, wealth building and financial capability.”

“Consultants 22,479 5,245 375 consultants 9,366 0 0 other professional services 3,488 0 0 other professional services 8,370 1,953 140 total 43,703 7,198 515”