2022-11-01T16:35:06-05:00 2022-06-30 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2021-07-01 391645910 FILENE RESEARCH INSTITUTE INC FILE 6086613740 1010 E WASHINGTON AVE 306 MADISON WI 53703 MARK MEYER PRESIDENT & CHIEF EXECUTIVE OFFICER 6086613740 2022-10-26 1 MARK MEYER 999009999 JASON STEPHENS CPA P01263225 6082744020 2022-10-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MARK MEYER 1010 E WASHINGTON AVE 306 MADISON WI 53703 8867992 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 9 0 0 7298178 7493362 589970 630049 71064 59906 927 1172 7960139 8184489 0 0 0 0 0 0 0 0 1303644 7418239 7646292 7418239 7646292 541900 538197 14328197 14627615 1695034 1542181 12633163 13085434 X STRENGTHENING ORGANIZATIONS THROUGH INNOVATIVE RESEARCH AND INCUBATION TO IMPROVE CONSUMER FINANCIAL WELL-BEING. 0 0 3349114 0 557733 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 ON ITS RESEARCH FINDINGS AND THE OUTPUTS TAKE MANY FORMS INCLUDING RESEARCH REPORTS, INFOGRAPHICS, AND SLIDE DECKS. FILENE PUBLISHED 32 RESEARCH AND INNOVATION REPORTS IN THE YEAR, AS WELL AS 28 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 4 IN-MARKET PRODUCTS DURING THE PAST FISCAL YEAR. 1825593 0 72316 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 1,811 CREDIT UNION AFFILIATED INDIVIDUALS REGISTERED FOR ONE OF OUR 4 RESEARCH IN ACTION EVENTS. WE ALSO HAD OVER 3,995 REGISTER TO ATTEND ONE OF OUR 20 FILENE WEBINARS. OUR COMMUNITIES SUPPORTED 249 FUTURE LEADERS THROUGH THE COOPERATIVE TRUST, WHERE PARTICIPANTS CAN ATTEND AN IN-PERSON EVENT OR PARTICIPATE IN OUR LEARNING COMMUNITY CRASH COURSE. FILENE ALSO LAUNCHED I2 A NEW PROGRAM FOR EMERGING TALENT WITH AN INAUGURAL CLASS OF 14 PARTICIPANTS. IN ADDITION, OUR I3 PROGRAM WHICH PROVIDES INNOVATION TRAINING EXPANDED THE LEADERSHIP CAPACITY IN OVER 50 CREDIT UNIONS. 5174707 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 0 0 0 0 0 0 0 0 0 1 39 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 NV NH NJ NM NY NC 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 1.00 X 0 0 0 MIKE SCHENK DIRECTOR 1.00 X 0 0 0 MAURICE SMITH DIRECTOR 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 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 5434815 ANDREA ESPY 24312 ARMADA DRIVE DANA POINT CA 92629 CONSULTING SERVICES 141491 2 2396500 500711 4596151 10859 7493362 RESEARCH AND INNOVATION 541700 557733 557733 OUTREACH AND EDUCATION 541700 72316 72316 630049 56440 56440 686969 683503 3466 3466 3466 1172 1172 1172 8184489 630049 0 61078 X 2523 2523 24915 24915 7297 7297 5975492 3936642 1003252 1035598 22850 22850 89786 42184 7655 39947 479946 370581 30084 79281 295257 206723 33528 55006 539069 480268 25379 33422 177354 121848 21021 34485 15212 9146 3011 3055 16591 7315 9276 7646292 5174707 1167941 1303644 32 32 4630976 4529722 6991756 7584465 51886 102740 45213 42412 1274421 958251 493524 316170 2078338 1964441 30697 81858 5775 5775 14328197 14627615 1052887 1425886 69323 60823 500711 0 72113 55472 1695034 1542181 X 3498071 3785235 9135092 9300199 12633163 13085434 14328197 14627615 538197 -85926 0 X 0 1 X 1 0 X 5307826 7713531 9302481 7298178 7493362 37115378 5307826 7713531 9302481 7298178 7493362 37115378 2956647 34158731 69218 77378 90131 62755 56440 355922 37471300 4682672 0.91160 0.86730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 424308 276621 147687 366119 234758 131361 483994 446872 37122 316170 DEFERRED RENT 55472 55472 8156270 -85926 65004 -7297 -28219 8184489 0 8184489 7703999 65004 65004 7638995 7297 7297 7646292 PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES REPORTED ON FORM 990, PART IX, LINE 11F -7,297. 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 2021 THE CHIEF EXECUTIVE OFFICER RECEIVED $759,673 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 2,963,640. MANAGEMENT AND GENERAL EXPENSES 975,669. FUNDRAISING EXPENSES 989,894. TOTAL EXPENSES 4,929,203. CONSULTING/SUBCONTRACTOR SERVICES: PROGRAM SERVICE EXPENSES 492,993. MANAGEMENT AND GENERAL EXPENSES 27,093. FUNDRAISING EXPENSES 44,892. TOTAL EXPENSES 564,978. RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 418,226. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 418,226. PUBLICATION SERVICES: PROGRAM SERVICE EXPENSES 18,116. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,116. REGISTRATION AND FILING FEES: PROGRAM SERVICE EXPENSES 16,812. MANAGEMENT AND GENERAL EXPENSES 490. FUNDRAISING EXPENSES 812. TOTAL EXPENSES 18,114. PRINTING: PROGRAM SERVICE EXPENSES 26,855. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,855.