NonprofitsMidas Collaborative Inc

Education

Midas Collaborative Inc

BOSTON, MA

Total revenue

$636K

Total expenses

$581K

Net assets

$512K

Grants received

$798K

24 grants

EIN

830485169

Tax year

2024

Mission

Organization advances financial security of low- and moderate-income residents of massachusetts.

Programs

1 program

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: $95K

Financials

FY 2024

Revenue

Contributions & grants$466K
Program service revenue$191K
Investment income$257
Other revenue
Total revenue$636K

Expenses

Grants paid
Salaries & benefits$261K
Fundraising$61K
Other expenses$320K
Total expenses$581K
Total assets$1.1M
Net assets$512K

People

11 listed

NameRoleCompensation

MOLLY GOODMAN

EXECUTIVE DIRECTOR (UNTIL 2/24)

Board

$37K

40 hrs/wk

ANTHONINA FENELON

SECRETARY

Board

1 hrs/wk

ALEX MELIKAN

TREASURER

Board

1 hrs/wk

MICHAEL D ANDELMAN

DIRECTOR

Board

1 hrs/wk

TINE K CHRISTENSEN

DIRECTOR

Board

1 hrs/wk

EMILIO DORCELY

DIRECTOR

Board

1 hrs/wk

RASHMI DYAL-CHAND

DIRECTOR

Board

1 hrs/wk

ANDREA HUFF

DIRECTOR

Board

1 hrs/wk

RICHARD MANUEL

DIRECTOR

Board

1 hrs/wk

DAN MATLOFF

CHAIR

Board

1 hrs/wk

CONNIE O'HARE

DIRECTOR

Board

1 hrs/wk

Independent contractors

INTERIM EXECUTIVE SOLUTIONS

INTERIM EXECUTIVE DIRECTOR

$168K

Grants received

Showing 24 of 24

FromAmountPurposeYear
$5K
EXEMPT PURPOSE
2024
$3K
UNRESTRICTED GENERAL
2024
$199K
ASSETS FOR ARTISTS CAPACITY-BUILDING GRANT FUNDS FOR NEW ENGLAND & THE BERKSHIRES
2023
$100K
Community Impact
2023
$10K
GENERAL OPERATING
2023
$10K
EXEMPT PURPOSE
2023
$10K
PROVIDE FINANCIAL SECURITY FOR LOW-INCOME RESIDENTS ACROSS MA
2023
$10K
EXEMPT PURPOSE
2023
$3K
EXEMPT PURPOSE
2023
$2K
ASSET DEVELOPMENT AND FINANCIAL EDUCATION
2023
$300K
ASSETS FOR ARTISTS CAPACITY-BUILDING GRANT FUNDS FOR NEW ENGLAND & THE BERKSHIRES
2022
$36K
Community Impact
2022
$10K
GENERAL OPERATING
2022
$10K
Community Impact
2021
$10K
Community Impact
2020
$7K
For grant recipient's exempt purposes
2020
$5K
EXEMPT PURPOSE
2020
$10K
Community Impact
2019
$6K
For grant recipient's exempt purposes
2019
$5K
MATCHED SAVINGS PROGRAM
2019
$10K
Community Impact
2018
$8K
For grant recipient's exempt purposes
2018
$21K
Community Impact
2017

Funded by

$798K from 13 funders · 24 grants · 2017–2024

Massachusetts Museum Of Contemporary Art

$499K · 2 grants · 2022–2023

United Way Of Massachusetts Bay Inc

$197K · 7 grants · 2017–2023

Fidelity Investments Charitable Gift Fund

$21K · 3 grants · 2018–2020

The Beker Foundation

$20K · 2 grants · 2022–2023

Cambridge Savings Charitable

$15K · 2 grants · 2020–2023

Metro Credit Union Foundation Inc

$10K · 1 grant · 2023

Details

EIN830485169
NTEE codeB90
Subsection03
Ruling date2008-03
Formed2007
Employees6
Volunteers1
MIDAS COLLABORATIVE INC — Mission, Financials & Grants Received | Grantivo