2020-10-26T15:30:06-05:00 2020-06-30 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2019-07-01 391645910 FILENE RESEARCH INSTITUTE INC FILE 6086613740 1010 E WASHINGTON AVE NO 306 MADISON WI 53703 MARK MEYER PRESIDENT & CHIEF EXECUTIVE OFFICER 6086613740 2020-10-23 1 JASON STEPHENS CPA P01263225 6082744020 66.222.124.178 2020-10-23 16:17:25 CD P BAF93092400A7665F4A65B16EBECF5E5B591AC5F 74B0C536FBDEA54BE69F712409E5EA3D5A3AE8D3 2019 2021-01-29 14:40:06Z MARK MEYER 1010 E WASHINGTON AVE NO 306 MADISON WI 53703 10389949 0 X WWW.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 1481 -187877 7713531 9302481 1333649 712050 77378 88323 0 0 9124558 10102854 0 0 0 0 0 0 0 0 1296652 7649620 8425478 7649620 8425478 1474938 1677376 12051372 14025616 1624248 1896091 10427124 12129525 STRENGTHENING ORGANIZATIONS THROUGH INNOVATIVE RESEARCH AND INCUBATION TO IMPROVE CONSUMER FINANCIAL WELL-BEING. 0 0 3300643 689194 FILENE RESEARCH INSTITUTE SEEKS OUT HIGH PRIORITY RESEARCH QUESTIONS FOR THE BENEFIT OF CONSUMERS AND THE COOPERATIVE FINANCE MOVEMENT. THE INSTITUTE REGULARLY PUBLISHED REPORTS ON ITS RESEARCH FINDINGS AND THE OUTPUTS TAKE MANY FORMS INCLUDING RESEARCH REPORTS, INFOGRAPHICS, AND SLIDE DECKS. THERE WERE NEARLY 40 FILENE RESEARCH AND INNOVATION REPORTS PUBLISHED IN THE YEAR, AS WELL AS 20 OTHER APPLIED RESEARCH OUTPUTS. ARTICLES SUMMARIZING THE RESEARCH ARE WIDELY DISTRIBUTED IN THE TRADES, 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. 2325604 21375 FILENE PROVIDES MEMBERS AND PARTNERS A VARIETY OF WAYS TO ENGAGE WITH OUR BODY OF WORK THROUGH OUR EVENTS AND COMMUNITIES. THIS YEAR OVER 1,100 CREDIT UNION AFFILIATED INDIVIDUALS ATTENDED ONE OF THE 6 RESEARCH EVENTS HOSTED BY FILENE. WE HAD AN ADDITIONAL 2400 ATTENDEES PARTICIPATE IN FILENE WEBINARS. OUR COMMUNITIES SUPPORT YOUNG PROFESSIONALS THROUGH THE COOPERATIVE TRUST AND PARTICIPATION IN THE FILENE CRASH PROGRAM THIS YEAR OVER 140 YOUNG PROFESSIONALS WERE IMPACTED BY THE PROGRAM. IN ADDITION, OUR I3 PROGRAM (IDEAS, INNOVATION AND IMPLEMENTATION) FOCUSES ON EMERGING LEADERS INTRODUCES INNOVATION METHODOLOGIES AND ACCELERATES INNOVATIVE THINKING FOR 40 CREDIT UNION PARTICIPANTS. 189357 1481 FILENE RESEARCH INSTITUTE'S APPLIED RESEARCH & INNOVATION PROGRAMS TAKE THE MOST PROMISING RESEARCH AND USE IT TO BUILD AND TEST IDEAS OR MARKET-READY SOLUTIONS WITH CREDIT UNIONS IN FILENE INCUBATORS TO SOLVE REAL-WORLD, CONSUMER FINANCE PROBLEMS. FROM INCREASING MEMBER LOYALTY, PROVIDING MEMBERS WITH ALTERNATIVE PAYDAY LENDING PROGRAMS, SERVING IMMIGRANT AND UNDERSERVED POPULATIONS, TO ENHANCING STRATEGIC AND INNOVATION EFFORTS. OUR PROGRAMS ARE DESIGNED TO HELP CREDIT UNIONS PUT OUR RESEARCH INTO ACTION SO THEY CAN SERVE MORE MEMBERS, GROW THEIR CREDIT UNION, AND ULTIMATELY IMPROVE CONSUMERS' LIVES. 5815604 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 58 0 0 1 1 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 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 PAUL KUNDERT DIRECTOR 1.00 X 0 0 0 MAURICE SMITH DIRECTOR 1.00 X 0 0 0 BOB TRUNZO DIRECTOR 1.00 X 0 0 0 ERIC DILLON DIRECTOR 1.00 X 0 0 0 PATTY CAMPBELL DIRECTOR 1.00 X 0 0 0 BILL CHENEY DIRECTOR 1.00 X 0 0 0 MARK MEYER PRESIDENT AND 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 6319211 1 3164079 6138402 9302481 RESEARCH AND INNOVATION 541720 689194 689194 OUTREACH AND EDUCATION 541720 21375 21375 APPLIED RESEARCH 541720 1481 1481 712050 90131 90131 285287 287095 -1808 -1808 -1808 10102854 710569 1481 88323 X 1535 1535 47091 47091 8643 8643 6265172 4179996 1039980 1045196 22143 22143 120456 84843 16951 18662 516986 392500 52264 72222 313269 205164 52046 56059 840116 780862 28527 30727 234523 141500 44785 48238 16602 10045 3275 3282 38942 20694 18125 123 8425478 5815604 1313222 1296652 13420 56 6713392 6669065 4047532 6501757 198179 51421 185076 58143 1361715 641962 869580 719753 18418 19646 5775 5775 12051372 14025616 1331732 1033558 118083 115250 0 580000 174433 167283 1624248 1896091 X 5203454 3755516 5223670 8374009 10427124 12129525 12051372 14025616 1677376 25025 0 X 0 1 X 1 0 X 6807075 6179338 5307826 7713531 9302481 35310251 6807075 6179338 5307826 7713531 9302481 35310251 5511960 29798291 24001 16021 69218 77378 90131 276749 35587000 6007041 0.83730 0.79990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 424308 147073 277235 402071 167786 234285 535336 327103 208233 719753 REFUNDABLE ADVANCE 83333 DEFERRED RENT 83950 167283 10180848 25025 61612 -8643 77994 10102854 0 10102854 8478447 61612 61612 8416835 8643 8643 8425478 PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES REPORTED ON FORM 990, PART IX, LINE 11F -8,643. 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 2019 THE CHIEF EXECUTIVE OFFICER RECEIVED $557,943 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 CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 662,780. MANAGEMENT AND GENERAL EXPENSES 26,692. FUNDRAISING EXPENSES 29,000. TOTAL EXPENSES 718,472. EMPLOYEE LEASING SERVICES: PROGRAM SERVICE EXPENSES 3,107,039. MANAGEMENT AND GENERAL EXPENSES 1,012,928. FUNDRAISING EXPENSES 1,015,207. TOTAL EXPENSES 5,135,174. PRINTING SERVICES: PROGRAM SERVICE EXPENSES 62,860. MANAGEMENT AND GENERAL EXPENSES 360. FUNDRAISING EXPENSES 989. TOTAL EXPENSES 64,209. PUBLICATION SERVICES: PROGRAM SERVICE EXPENSES 24,700. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,700. RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 322,617. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 322,617.