The Midas Collaborative INC FY2020 filing
Improves financial security for low- and moderate-income Massachusetts residents. For fiscal year 2020 it reported $223K in revenue, $175K in expenses, and $172K in net assets.Pt I
- Founded
- 2007
- Type
- Public charity (501(c)(3)) · Education
- Location
- Boston, MA
- Website
- www.midascollab.org
- Filings
- 5 on file (2020–2020)
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Summary of the Filing
Where the work happens
Delivering 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.
Building Savings and Investment
Midas operates multiple matched savings programs in partnership with member community organizations across massachusetts. In 2020, 7 partner sites enrolled 214 participants who attended workshops and counseling sessions to build their financial skills and capability.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Rose Francois’s $130K as Executive Director is at the 93rd percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2020 |
|---|---|---|---|---|
| Rose Francois | $130,389 | — | — | — |
| Molly Goodman | — | $36,911 | $94,021 | — |
| Kimberly Hirsh | — | — | — | $49,615 |
| Karen Burg | $42,987 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 62% | — | — |
| Overhead ratio | 30% | — | — |
| Fundraising cost ratio | 12% | — | — |
| Accounting fee ratio | 5% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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