Massachusetts · Nonprofit
THE MIDAS COLLABORATIVE INC
THE MIDAS COLLABORATIVE INC (Massachusetts) receives grants from 18 organizations whose IRS filings report $1,058,535 to it, the largest being MASSACHUSETTS MUSEUM OF CONTEMPORARY ART FOUNDATION INC ($619,000). 7 of them have funded it in more than one year.
- Revenue FY2025
- $686k
- Funders on record
- 18
- Grants received
- $1.1M
- Net assets
- $688k
What The Midas Collaborative Inc does
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.
As stated on its FY2025 Form 990.
Programs
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.
$266,848 spent$163,183 earned by the program97% of program spendingThe 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.
$9,000 spent3% of program spending
The 2 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $275,848.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $1.4M to $971k (−28%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 19% · 2018 7% · 2019 6% · 2020 4% · 2022 55% · 2023 52% · 2024 39% · 2025 36%. Grants only. Government contracts and fees sit inside program revenue.
76% of THE MIDAS COLLABORATIVE INC’s revenue is contributions — more donation-reliant than the typical peer (57% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Rose Francois
Executive director
Board chair
Dan Matloff
Chair (until 1/25)
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2024 and FY2025 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 10 funders, grant income rose $7k → $390k.
3 of 18 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 4% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of THE MIDAS COLLABORATIVE INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE MIDAS COLLABORATIVE INC leans on a few funders — its largest provides 58% of grant income and the top three 89%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
90% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE MIDAS COLLABORATIVE INC.
Largest funder’s share by year: 2017 93% · 2018 100% · 2019 26% · 2020 38% · 2021 38% · 2022 50% · 2023 77% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
38% of THE MIDAS COLLABORATIVE INC's funders are still giving 3 years after their first grant; 39% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
98% of THE MIDAS COLLABORATIVE INC's grant income comes from Massachusetts funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $37k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE MIDAS COLLABORATIVE INC runs a healthier operating margin than three-quarters of the 16,849 education nonprofits its size.
this organization peer median middle 50% of peers· 16,849 education nonprofits $100k–$1M, FY2025
Government funding THE MIDAS COLLABORATIVE INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $994k on record.
- (PP) STATE AID/POL SUB$994k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like THE MIDAS COLLABORATIVE INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
54% of spending goes to programs.
Governance
Public support
94%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for THE MIDAS COLLABORATIVE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE MIDAS COLLABORATIVE INC?
- THE MIDAS COLLABORATIVE INC (Massachusetts) receives grants from 18 organizations whose IRS filings report $1,058,535 to it, the largest being MASSACHUSETTS MUSEUM OF CONTEMPORARY ART FOUNDATION INC ($619,000). 7 of them have funded it in more than one year.
- How many funders does THE MIDAS COLLABORATIVE INC have?
- IRS filings report 18 organizations giving $1,058,535 in grants to THE MIDAS COLLABORATIVE INC, 7 of which have funded it in more than one year.
- Who is the largest funder of THE MIDAS COLLABORATIVE INC?
- MASSACHUSETTS MUSEUM OF CONTEMPORARY ART FOUNDATION INC is the largest funder on record, with $619,000 in grants. The full list of funders is on this page.
- How can an organization like THE MIDAS COLLABORATIVE INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Midas Collaborative →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 18 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing