2021-10-13T14:07:05-05:00 2021-06-30 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2020-07-01 391645910 FILENE RESEARCH INSTITUTE INC FILE 6086613740 1010 E WASHINGTON AVE NO 306 MADISON WI 53703 MARK MEYER PRESIDENT & CHIEF EXECUTIVE OFFICER 6086613740 2021-10-12 1 MARK MEYER 999009999 JASON STEPHENS CPA P01263225 6082744020 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MARK MEYER 1010 E WASHINGTON AVE NO 306 MADISON WI 53703 8096789 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 10 1404 0 9302481 7298178 712050 589970 88323 71064 0 927 10102854 7960139 0 0 0 0 0 0 0 0 1374206 8425478 7418239 8425478 7418239 1677376 541900 14025616 14328197 1896091 1695034 12129525 12633163 X STRENGTHENING ORGANIZATIONS THROUGH INNOVATIVE RESEARCH AND INCUBATION TO IMPROVE CONSUMER FINANCIAL WELL-BEING. 0 1 3229496 0 567251 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 36 RESEARCH AND INNOVATION REPORTS IN THE YEAR, AS WELL AS 43 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. 1545097 0 21315 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 2200 CREDIT UNION AFFILIATED INDIVIDUALS REGISTERED FOR ONE OF OUR 4 RESEARCH IN ACTION EVENTS. WE ALSO HAD OVER 3400 REGISTER TO ATTEND ONE OF OUR 18 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. IN ADDITION, OUR I3 PROGRAM WHICH PROVIDES INNOVATION TRAINING EXPANDED THE LEADERSHIP CAPACITY IN OVER 50 CREDIT UNIONS. FILENE ADJUSTED FOR THE PANDEMIC BY DELIVERING VIRTUAL EVENTS AND OTHER WEB-BASED COMMUNITY ENGAGEMENT OPPORTUNITIES. 4774593 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 49 0 0 1 1 0 0 0 0 1 1 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 TRACIE KENYON CHAIRPERSON 1.00 X X 0 0 0 KEITH SULTEMEIER VICE CHAIRPERSON 1.00 X X 0 0 0 TY MUSE SECRETARY 1.00 X X 0 0 0 APRIL CLOBES TREASURER 1.00 X X 0 0 0 MIKE SCHENK DIRECTOR 1.00 X 0 0 0 ROB PURTELL DIRECTOR (BEG JAN 2021) 1.00 X 0 0 0 MAURICE SMITH DIRECTOR 1.00 X 0 0 0 BOB TRUNZO DIRECTOR (THRU JAN 2021) 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 0 0 0 0 0 0 0 CMFG LIFE INSURANCE COMPANY 5910 MINERAL POINT RD MADISON WI 537054456 MANAGEMENT AND ADMINISTRATIVE SERVICES 5563054 TRULY FOCUSED SOLUTIONS 1515 ROSEWOOD DR KELLER TX 76248 CONSULTING SERVICES 120400 2 2671781 580000 4046397 7298178 RESEARCH AND INNOVATIO 541700 567251 567251 OUTREACH AND EDUCATION 541700 21315 21315 APPLIED RESEARCH 541700 1404 1404 589970 62755 62755 144959 136650 8309 8309 8309 927 927 927 7960139 588566 1404 71991 X 11028 7313 3715 30033 30033 7367 7367 6150675 3957547 1065723 1127405 21652 21652 94083 67246 9939 16898 408943 283063 39965 85915 316476 218424 42357 55695 99001 73094 11222 14685 241229 155214 37157 48858 15368 9212 3058 3098 22384 3480 18904 7418239 4774593 1269440 1374206 56 32 6669065 4630976 6501757 6991756 51421 51886 58143 45213 1286536 793012 719753 493524 0 2078338 19646 30697 5775 5775 14025616 14328197 1033558 1052887 115250 69323 580000 500711 167283 72113 1896091 1695034 X 3755516 3498071 8374009 9135092 12129525 12633163 14025616 14328197 541900 -38262 0 X 0 1 X 1 0 X 6179338 5307826 7713531 9302481 7298178 35801354 6179338 5307826 7713531 9302481 7298178 35801354 4477044 31324310 16021 69218 77378 90131 62755 315503 36116857 5550049 0.86730 0.83730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 424308 211847 212461 378234 196960 181274 483994 384205 99789 493524 DEFERRED RENT 72113 72113 8038625 -38262 124115 85853 7952772 7367 7367 7960139 7534987 124115 124115 7410872 7367 7367 7418239 FORM 990, PART III, LINE 3 THE ORGANIZATION CEASED CONDUCTING THE APPLIED RESEARCH AND INNOVATION PROGRAM. FORM 990, PART VI, SECTION A, LINE 3 THE INSTITUTE LEASES ITS EMPLOYEES, INCLUDING ITS 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 2020 THE CHIEF EXECUTIVE OFFICER RECEIVED $691,299 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 3,106,301. MANAGEMENT AND GENERAL EXPENSES 1,031,622. FUNDRAISING EXPENSES 1,044,633. TOTAL EXPENSES 5,182,556. CONSULTING/SUBCONTRACTOR SERVICES: PROGRAM SERVICE EXPENSES 500,234. MANAGEMENT AND GENERAL EXPENSES 32,233. FUNDRAISING EXPENSES 80,316. TOTAL EXPENSES 612,783. RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 325,817. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 325,817. PUBLICATION SERVICES: PROGRAM SERVICE EXPENSES 17,393. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,393. REGISTRATION AND FILING FEES: PROGRAM SERVICE EXPENSES 7,802. MANAGEMENT AND GENERAL EXPENSES 1,868. FUNDRAISING EXPENSES 2,456. TOTAL EXPENSES 12,126.