Nonprofit · EIN 83-0485169
MIDAS COLLABORATIVE INC
Tax-exempt · BOSTON, MA 02110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $685,566 | $509,830 | $175,736 | $1,058,389 | $370,684 | $687,705 |
| December 31, 2024 | 990 | $636,124 | $581,217 | $54,907 | $1,097,147 | $585,178 | $511,969 |
| December 31, 2023 | 990 | $477,798 | $515,498 | -$37,700 | $1,177,038 | $719,976 | $457,062 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $522,320
- of which government grants
- $250,000
- Program service revenue
- $163,183
- Investment income
- $63
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $182,140
- Other salaries and wages
- $141,091
- Salaries, compensation and benefits (total)
- $359,135
- Professional fundraising fees
- $0
- Accounting fees
- $32,217
- Program services (functional)
- $275,848
- Management and general (functional)
- $163,827
- Fundraising (functional)
- $70,155
Balance sheet and other
- Total assets, start of year
- $1,097,147
- Total assets, end of year
- $1,058,389
- Total liabilities, end of year
- $370,684
- Net assets, end of year
- $687,705
- Net assets without donor restrictions
- $687,705
- Gross receipts
- $685,566
- Employees
- 5
- Volunteers
- 7
- Year formed
- 2007
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROSE FRANCOIS | EXECUTIVE DIRECTOR Officer | 40 | $130,389 | $8,466 |
| KAREN BURG | DIRECTOR OF FINANCE/OPERATIONS Officer | 40 | $42,987 | $298 |
| DAN MATLOFF | CHAIR (UNTIL 1/25) Trustee or director, Officer | 5 | $0 | $0 |
| EMILIO DORCELY | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| ALEX MELIKAN | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| ANTHONINA FENELON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL D ANDELMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RASHMI DYAL-CHAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD MANUEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIMI TURCHINETZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOLLY GOODMAN | EXECUTIVE DIRECTOR (UNTIL 2/24) Officer | 40 | $36,911 |
| DAN MATLOFF | CHAIR Trustee or director, Officer | 1 | $0 |
| ANTHONINA FENELON | SECRETARY Trustee or director, Officer | 1 | $0 |
| ALEX MELIKAN | TREASURER Trustee or director, Officer | 1 | $0 |
| MICHAEL D ANDELMAN | DIRECTOR Trustee or director | 1 | $0 |
| TINE K CHRISTENSEN | DIRECTOR Trustee or director | 1 | $0 |
| EMILIO DORCELY | DIRECTOR Trustee or director | 1 | $0 |
| RASHMI DYAL-CHAND | DIRECTOR Trustee or director | 1 | $0 |
| ANDREA HUFF | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD MANUEL | DIRECTOR Trustee or director | 1 | $0 |
| CONNIE O'HARE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MOLLY GOODMAN | EXECUTIVE DI Officer | 40 | $94,021 | $7,466 |
| JONA MARASHI | TREASURER Officer | 1 | $0 | $0 |
| ANTHONINA FENELON | SECRETARY Officer | 1 | $0 | $0 |
| NATASHA ELDRIDGE | CHAIR Officer | 1 | $0 | $0 |
| SARA GARRITY-GENTILE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SANDEE SIMSHAUSER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CONNIE O'HARE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX MELIKAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURA MCLAUGHLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN MATLOFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT TORRES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EMILIO DORCELY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL ANDELMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| APRIL TATE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 77 FRANKLIN ST FL 9, BOSTON, MA 02110-1510
- In care of
- % MARGARET MILEY
- Principal officer (990 for 2025)
- ROSE FRANCOIS, 77 FRANKLIN STREET 9TH FLOOR, BOSTON, MA 02110
- Signed the 990
- ROSE FRANCOIS, EXECUTIVE DIRECTOR
- Phone
- (617) 532-3916
- Website
- WWW.MIDASCOLLAB.ORG
- Return prepared by
- NASH CPAS LLC
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.
Program accomplishments
- MATCHED SAVINGS PROGRAM - UTILIZING A SYSTEMS CHANGE FRAMEWORK THAT INCLUDES INCREASING AND SUSTAINING MATCHED SAVINGS PROGRAMS, MIDAS SERVES AS THE FIDUCIARY FOR 600+ MSP BANK ACCOUNTS. THESE ACCOUNTS ARE COMPONENTS OF LARGER ASSET-BUILDING PROGRAMS OFFERED BY COMMUNITY PARTNER ORGANIZATIONS. COMMUNITY PARTNER ORGANIZATIONS PRIMARILY CONSIST OF 501(C)(3) DESIGNATED NON-PROFITS SERVING LOW-TO-MODERATE INCOME POPULATIONS. THE COMMUNITY PARTNER ORGANIZATION RECRUITS THE PARTICIPANT COHORTS; INDIVIDUALS SET SAVINGS GOALS AND MAKE CONTRIBUTIONS WHILE RECEIVING FINANCIAL EDUCATION AND TRAINING FROM THE COMMUNITY PARTNER ORGANIZATIONS. WHEN SAVINGS GOALS ARE ACHIEVED, THEY ARE MATCHED AT VARIOUS RATES FROM 1:1 AND AS HIGH AS 4:1, ALLOWING PARTICIPANTS TO MAKE LIFE-CHANGING AND WEALTH-BUILDING INVESTMENTS IN A HOME, EDUCATION, OR SMALL BUSINESS. THE MIDAS COLLABORATIVE PROVIDES CRITICAL TECHNICAL ASSISTANCE, ADMINISTRATIVE SUPPORT, AND PROGRAM DESIGN SUPPORT TO OUR COMMUNITY PARTNER ORGANIZATIONS. THE MATCHED SAVINGS PROGRAM SUPPORTS LOW- TO MODERATE-INCOME COMMUNITIES IN BUILDING ASSETS, THEREBY ALLEVIATING THE EXISTING WEALTH GAP IN MASSACHUSETTS.Expenses $266,848 · revenue $163,183
- THE FINANCIAL EMPOWERMENT LEARNING INSTITUTE (FELI) - MIDAS, IN PARTNERSHIP WITH UNITED WAY, LEADS A STATEWIDE WORKFORCE DEVELOPMENT INITIATIVE THAT EQUIPS NONPROFIT PROFESSIONALS IN THE PERSONAL FINANCE SECTOR WITH THE SKILLS AND KNOWLEDGE NEEDED TO DELIVER HIGH-IMPACT FINANCIAL COACHING ACROSS MASSACHUSETTS. IN 2024, FELI LAUNCHED A PILOT TRAINING INITIATIVE TO PROFESSIONALIZE COMMUNITY-BASED COACHING, REDUCE COACH ATTRITION, AND IMPROVE OUTCOMES IN DISINVESTED COMMUNITIES. FOR THE FIRST TIME, FELI PARTNERED WITH THE ASSOCIATION FOR FINANCIAL COUNSELING & PLANNING EDUCATION (AFCPE) TO PROVIDE FOUNDATIONAL TRAINING FOR NEW OR PREVIOUSLY UNTRAINED NONPROFIT STAFF. THIS PROGRAM FEATURES A COHORT MODEL AND INCLUDES A PATHWAY TO CERTIFICATION FOR TENURED NONPROFIT STAFF. FELI HAS HELPED TO TRAIN OVER 650+ NONPROFIT PROFESSIONALS SINCE 2015, WITH 200+ ORGANIZATIONS REPRESENTED FROM ACROSS MASSACHUSETTS. FELI PARTICIPANTS HAVE AN 85% COMPLETION RATE, ALLOWING THEM TO BETTER SERVE COMMUNITIES WITH CULTURALLY RELEVANT FINANCIAL EDUCATION.Expenses $9,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-0485169
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $1,058,389
- Income (IRS master file)
- $685,566
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $685,566 | $509,830 | $1,058,389 | XML |
| 990 | December 2024 | $636,124 | $581,217 | $1,097,147 | IRS |
| 990 | December 2023 | $477,798 | $515,498 | $1,177,038 | XML |
| 990 | December 2022 | $627,524 | $449,796 | $1,003,033 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-0485169).
Questions about MIDAS COLLABORATIVE INC
- What is the EIN of MIDAS COLLABORATIVE INC?
- The employer identification number (EIN) of MIDAS COLLABORATIVE INC is 83-0485169.
- Is MIDAS COLLABORATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to MIDAS COLLABORATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MIDAS COLLABORATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MIDAS COLLABORATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MIDAS COLLABORATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MIDAS COLLABORATIVE INC?
- The 990 for the year ended December 31, 2025 names ROSE FRANCOIS.
- Who are the officers and directors of MIDAS COLLABORATIVE INC?
- The 990 for the year ended December 31, 2025 lists 10 people; 2 received compensation from the organization, the highest $130,389 (ROSE FRANCOIS, EXECUTIVE DIRECTOR).
- How much revenue does MIDAS COLLABORATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $685,566, expenses of $509,830 and total assets of $1,058,389 at year end.
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