2023-12-22T11:08:10-06:00 2023-06-30 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2022-07-01 391645910 FILENE RESEARCH INSTITUTE INC FILE 6086613740 1010 E WASHINGTON AVE 306 MADISON WI 53703 MARK MEYER PRESIDENT & CHIEF EXECUTIVE OFFICER 6086613740 2023-12-21 1 MARK MEYER 999009999 0 JASON STEPHENS CPA P01263225 6082744020 2023-12-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARK MEYER 1010 E WASHINGTON AVE 306 MADISON WI 53703 8397590 0 X FILENE.ORG X 1989 WI CONDUCT CUTTING-EDGE ACTIONABLE RESEARCH TO INCREASE LEARNING AND TRANSFORM ORGANIZATIONS, ACCELERATE INCUBATION AND REDUCE RISK FROM NEW SOLUTIONS THROUGH FILENE INCUBATORS, CONNECT INNOVATIVE AND EMERGING LEADERS THROUGH COMMUNITIES AND EVENTS, PROVIDE ADVISORY SERVICES TO DRIVE LASTING AND IMPACTFUL CHANGE AND PROVIDE ACCESS TO GROWING, INNOVATION-MINDED CREDIT UNIONS DEDICATED TO THINKING FORWARD AND CHANGING LIVES. 9 9 0 11 0 0 7493362 7473926 630049 540840 59906 97692 1172 60000 8184489 8172458 0 0 0 0 0 0 0 0 1054819 7646292 8444014 7646292 8444014 538197 -271556 14627615 15248471 1542181 2278852 13085434 12969619 X STRENGTHENING ORGANIZATIONS THROUGH INNOVATIVE RESEARCH AND INCUBATION TO IMPROVE CONSUMER FINANCIAL WELL-BEING. 0 0 4104870 0 437204 RESEARCH AND INNOVATION - FILENE RESEARCH INSTITUTE SEEKS OUT HIGH PRIORITY RESEARCH QUESTIONS FOR THE BENEFIT OF CONSUMERS AND THE COOPERATIVE FINANCE MOVEMENT. THE INSTITUTE REGULARLY PUBLISHES REPORTS AND OUTPUTS ON ITS RESEARCH FINDINGS INCLUDING PODCASTS, TOOLKITS, INFOGRAPHICS, AND SLIDE DECKS. FILENE PUBLISHED 29 RESEARCH AND INNOVATION REPORTS IN THE YEAR, AS WELL AS 19 OTHER RESEARCH AND INNOVATION OUTPUTS. ARTICLES SUMMARIZING THE RESEARCH ARE WIDELY DISTRIBUTED IN THE TRADE PRESS, SOCIAL MEDIA, GENERAL MEDIA AND IN PUBLICATIONS OF CREDIT UNION TRADE ORGANIZATIONS. THE ORGANIZATION ALSO REGULARLY SPEAKS ON ITS RESEARCH FINDINGS ACROSS NORTH AMERICA AS WELL AS PROVIDES RESEARCH INSIGHTS ON KEY CONSUMER FINANCE TOPICS AT INDUSTRY AND NONPROFIT CONFERENCES. FILENE'S INCUBATORS TAKE THE NEXT STEP IN INNOVATION BY TESTING PRODUCTS AND IDEAS TO HELP CREDIT UNIONS GROW AND MAKE A POSITIVE IMPACT ON THEIR MEMBERS AND COMMUNITIES. FILENE CURRENTLY HAS 4 INCUBATOR OFFERINGS AND TESTED 5 IN-MARKET PRODUCTS DURING THE PAST FISCAL YEAR. 2451394 0 103636 OUTREACH AND EDUCATION - FILENE PROVIDES MEMBERS AND STRATEGIC PARTNERS OPPORTUNITIES TO ENGAGE WITH OUR BODY OF WORK THROUGH OUR EVENTS AND COMMUNITIES. THIS YEAR OVER 1872 CREDIT UNION AFFILIATED INDIVIDUALS REGISTERED FOR ONE OF OUR EVENTS. WE ALSO HAD OVER 5577 REGISTER TO ATTEND ONE OF OUR 30 FILENE WEBINARS. OUR COMMUNITIES SUPPORTED 306 FUTURE LEADERS THROUGH THE COOPERATIVE TRUST, WHERE PARTICIPANTS CAN ATTEND AN IN-PERSON EVENT OR PARTICIPATE IN OUR LEARNING COMMUNITY CRASH COURSE. FILENE ALSO CONTINUED I2, A PROGRAM FOR EMERGING TALENT WITH 2023 WAVE 2 CLASS OF 22 PARTICIPANTS. IN ADDITION, OUR I3 PROGRAM WHICH PROVIDES INNOVATION TRAINING EXPANDED THE LEADERSHIP CAPACITY IN OVER 50 CREDIT UNIONS AND CREDIT UNION INDUSTRY PARTNER ORGANIZATIONS. 6556264 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 50 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS MO NC NH NJ NM NY NV ND OH OK OR PA RI SC TN UT VA WA WV WI X PATSY STEWART 6086613754 1010 E WASHINGTON AVE STE 306 MADISON WI 53703 X KEITH SULTEMEIER CHAIRPERSON 1.00 X X 0 0 0 APRIL CLOBES VICE CHAIRPERSON 1.00 X X 0 0 0 TY MUSE TREASURER 1.00 X X 0 0 0 TRACIE KENYON DIRECTOR (THRU JANUARY) 1.00 X 0 0 0 MIKE SCHENK DIRECTOR 1.00 X 0 0 0 MAURICE SMITH DIRECTOR (THRU AUGUST) 1.00 X 0 0 0 ROB PURTELL DIRECTOR 1.00 X 0 0 0 BILL CHENEY DIRECTOR 1.00 X 0 0 0 PATTY CAMPBELL DIRECTOR 1.00 X 0 0 0 LILY NEWFARMER DIRECTOR 1.00 X 0 0 0 KEVIN JOHNSON DIRECTOR 1.00 X 0 0 0 MARK MEYER PRESIDENT & CHIEF EXECUTIVE OFFICER 60.00 X 0 0 0 PATSY STEWART CHIEF FINANCE & OPERATIONS OFFICER 50.00 X 0 0 0 JEREMY TOLLEFSON DIR OF EXECUTIVE RELATIONS/SECRETARY 40.00 X 0 0 0 0 0 0 0 0 0 0 CMFG LIFE INSURANCE COMPANY 5910 MINERAL POINT RD MADISON WI 537054456 MANAGEMENT AND ADMINISTRATIVE SERVICES 6147348 ANDREA ESPY 24312 ARMADA DRIVE DANA POINT CA 92629 CONSULTING SERVICES 137374 2 2526824 4947102 3236 7473926 RESEARCH AND INNOVATION 541700 437204 437204 OUTREACH AND EDUCATION 541700 103636 103636 540840 96659 96659 60000 0 60000 60000 60000 226165 225132 1033 1033 1033 8172458 540840 0 157692 X 5898 5898 66804 66804 7748 7748 6262380 4988311 451773 822296 25124 25124 54768 15655 8701 30412 378505 263365 44736 70404 280677 190466 45105 45106 349692 307346 11896 30450 815994 673667 137477 4850 147294 99949 23673 23672 15106 11356 1295 2455 34024 6149 27825 50 8444014 6556264 832931 1054819 32 37 4529722 4240916 7584465 7826671 102740 232985 42412 97196 1470114 1104598 316170 365516 1964441 1965330 81858 298658 5775 221162 14627615 15248471 1425886 1666961 60823 56823 55472 555068 1542181 2278852 X 3785235 3846343 9300199 9123276 13085434 12969619 14627615 15248471 -271556 155741 0 X 0 1 X 1 0 X 7713531 9302481 7298178 7493362 7473926 39281478 7713531 9302481 7298178 7493362 7473926 39281478 3432440 35849038 77378 90131 62755 56440 156659 443363 39724841 3672367 0.90240 0.91160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 424308 341395 82913 365172 283584 81588 680634 479619 201015 365516 REFUNDABLE ADVANCES 300000 OPERATING LEASE LIABILITY 255068 555068 8689543 155741 369092 -7748 517085 8172458 0 8172458 8542858 106592 106592 8436266 7748 7748 8444014 PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES REPORTED ON FORM 990, PART IX, LINE 11F -7,748. X FOOD AND MATERIALS FOR PROGRAM EVENTS 1 3236 ESTIMATED MARKET VAL 0 1 0 FORM 990, PART VI, SECTION A, LINE 3 THE INSTITUTE LEASES ITS EMPLOYEES, INCLUDING ITS PRESIDENT & CHIEF EXECUTIVE OFFICER, FROM CMFG LIFE INSURANCE COMPANY. THE CHIEF EXECUTIVE OFFICER PERFORMS MANAGEMENT DUTIES SUCH AS SUPERVISING PERSONNEL, PLANNING AND EXECUTING BUDGETS AND FINANCIAL OPERATIONS, AND SUPERVISING EXEMPT OPERATIONS. DURING CALENDAR YEAR 2022 THE CHIEF EXECUTIVE OFFICER RECEIVED $846,772 OF REPORTABLE COMPENSATION FROM CMFG LIFE INSURANCE COMPANY. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 IS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS. THE DISTRIBUTION OF THE DRAFT RETURN AND ANY REVISED RETURNS ARE BOTH CONDUCTED ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE INSTITUTE'S GOVERNING BODY EACH COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. THE STATEMENTS ARE REVIEWED BY THE GOVERNING BODY. A COPY OF EACH STATEMENT IS MAINTAINED BY THE INSTITUTE. THE INSTITUTE'S LEASED EMPLOYEES COMPLETE CMFG LIFE INSURANCE COMPANY'S CONFLICT OF INTEREST STATEMENT ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 15A THE INSTITUTE'S GOVERNING BODY USES SEVERAL RESOURCES TO DETERMINE THE COMPENSATION OF THE EXECUTIVE DIRECTOR/CEO AND THE INSTITUTE'S LEASED EMPLOYEES INCLUDING CMFG LIFE INSURANCE COMPANY'S COMPENSATION EXPERTS, COMPENSATION AND BENEFITS SURVEYS FROM SPECIALIST THIRD-PARTY HR PROVIDERS, RESOURCES WITHIN THE CREDIT UNION SYSTEM AND WITHIN THE ORGANIZATIONS/NETWORKS OF THE MEMBERS OF THE GOVERNING BODY, INDUSTRY DATA POINTS, AND THE GUIDESTAR NONPROFIT COMPENSATION REPORT AND OTHER INFORMATION ON NONPROFIT ORGANIZATIONS AVAILABLE THROUGH WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE INSTITUTE PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE GENERAL PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G EMPLOYEE LEASING SERVICES: PROGRAM SERVICE EXPENSES 3,624,139. MANAGEMENT AND GENERAL EXPENSES 413,203. FUNDRAISING EXPENSES 783,365. TOTAL EXPENSES 4,820,707. CONSULTING/SUBCONTRACTOR SERVICES: PROGRAM SERVICE EXPENSES 853,915. MANAGEMENT AND GENERAL EXPENSES 38,215. FUNDRAISING EXPENSES 38,547. TOTAL EXPENSES 930,677. RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 451,183. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 451,183. PUBLICATION SERVICES: PROGRAM SERVICE EXPENSES 18,409. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,409. REGISTRATION AND FILING FEES: PROGRAM SERVICE EXPENSES 11,541. MANAGEMENT AND GENERAL EXPENSES 355. FUNDRAISING EXPENSES 384. TOTAL EXPENSES 12,280. PRINTING: PROGRAM SERVICE EXPENSES 29,124. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,124.