Midas Collaborative Inc.
Midas Collaborative Inc.
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About this organization
Mission
To facilitate asset development and protection of low-income families in a manner that is peer supported, practitioner-tested, and community-building.
About
Building savings and investment: Midas operates multiple matched savings programs in partnership with member community organizations across Massachusetts. In 2018, 155 participants were enrolled at 9 partner sites where they attended workshops and counseling sessions to build their financial skills and capability. 101 matched savings program participants graduated in 2018, making investments in homes, higher education, small businesses, and other assets such as cars, computers, textbooks and emergency savings funds.
Interesting data from their 2019 990 filing
The non-profit's mission is outlined in the filing as being “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.”.
When outlining its responsibilities, they were referred to as: “To facilitate asset development and protection of low-income families in a manner that is peer supported, practitioner-tested, and community-building.”.
- The state in which the non-profit operates has been officially reported as MA.
- The filing reveals the non-profit's address in 2019 to be 2 OLIVER STREET NO 802, BOSTON, MA, 02109.
- As per the non-profit's form for 2019, they have 12 employees on their payroll.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is $379.
- The organization has 7 independent voting members.
- The organization was formed in 2007.
- The organization pays $171,389 in salary, compensation, and benefits to its employees.
- The organization pays $9,838 in fundraising expenses.
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