2019-10-25T14:47:28-05:00 2019-06-30 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2018-07-01 391645910 FILENE RESEARCH INSTITUTE INC FILE 6086613740 1010 E WASHINGTON AVE NO 306 MADISON WI 53703 MARK MEYER PRESIDENT & CHIEF EXECUTIVE OFFICER 6086613740 2019-10-24 1 YIGIT UCTUM CPA P01269549 6082744020 66.222.124.178 2019-10-24 11:53:57 CD P 50C9C09D56ED613F9D7879BDC11063DCF385CB9F B169A553E6FC674180C4B0C62460B1C0CC916730 2018 2020-01-14 16:20:31Z MARK MEYER 1010 E WASHINGTON AVE NO 306 MADISON WI 53703 9124558 0 X WWW.FILENE.ORG X 1989 WI CONDUCTS CUTTING-EDGE, ACTIONABLE RESEARCH, TESTS IDEAS TO CREATE SCALABLE SOLUTIONS THAT DRIVE CHANGE, EMPOWERS LEADERS AND YOUNG PROFESSIONALS TO SOLVE REAL-WORLD PROBLEMS, HELPS BRING RESEARCH AND INNOVATION TO LIFE AND CONNECTS A COMMUNITY OF LEADERS AND BRIGHT MINDS TO CHANGE LIVES. 9 9 0 11 133405 -84537 5307826 7713531 1790254 1333649 69218 77378 0 0 7167298 9124558 0 0 0 0 0 0 0 0 1199248 7632505 7649620 7632505 7649620 -465207 1474938 10401333 12051372 1490568 1624248 8910765 10427124 STRENGTHENING YOUR ORGANIZATION THROUGH INNOVATIVE RESEARCH AND INCUBATION TO IMPROVE CONSUMER FINANCIAL WELL-BEING. 0 0 3042515 1137144 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 EVOLVING FORMS INCLUDING RESEARCH REPORTS, INFOGRAPHICS, AND SLIDE DECKS. THERE WERE 30 FILENE RESEARCH AND INNOVATION REPORTS PUBLISHED IN THE YEAR, AS WELL AS 30+ OTHER APPLIED RESEARCH OUTPUTS. ARTICLES SUMMARIZING THE RESEARCH ARE WIDELY DISTRIBUTED IN THE TRADE, SOCIAL MEDIA, GENERAL MEDIA AND IN THE PUBLICATIONS OF CREDIT UNION TRADE ORGANIZATIONS. THE ORGANIZATION ALSO REGULARLY SPEAKS ON ITS RESEARCH FINDINGS AS WELL AS PROVIDES RESEARCH INSIGHTS ON KEY CONSUMER FINANCE TOPICS. 1995245 63100 FILENE PROVIDES MEMBERS AND PARTNERS A VARIETY OF WAYS TO ENGAGE WITH OUR BODY OF WORK THROUGH OUR EVENTS AND COMMUNITIES. THIS YEAR OVER 600 CREDIT UNION AFFILIATED INDIVIDUALS ATTENDED ONE OF THE 4 RESEARCH EVENTS HOSTED BY FILENE AND ANOTHER 800 INDIVIDUALS ENGAGED WITH FILENE ONSITE. OUR COMMUNITIES SUPPORT YOUNG PROFESSIONALS THROUGH THE COOPERATIVE TRUST AND PARTICIPATION IN THE FILENE CRASH PROGRAM. THIS YEAR 200+ 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 OVER 40 CREDIT UNION PARTICIPANTS. 241942 133405 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 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. 5279702 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 69 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 ANGIE OWENS CHAIRPERSON THRU JANUARY 24 1.00 X X 0 0 0 JAN ROCHE VICE CHAIRPERSON THRU JANUARY 24 1.00 X X 0 0 0 KEITH SULTEMEIER DIRECTOR THRU JANUARY AND VICE CHAIRPERSON IN FEB 1.00 X X 0 0 0 TRACIE KENYON TREASURER THROUGH JANUARY THEN CHAIRPERSON 1.00 X X 0 0 0 MIKE SCHENK SECRETARY THRU JANUARY AND DIRECTOR IN FEBRUARY 1.00 X X 0 0 0 TY MUSE SECRETARY BEGINNING JANUARY 24 1.00 X X 0 0 0 APRIL CLOBES TREASURER BEGINNING JANUARY 24 1.00 X 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 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 5576254 NEXT STREET FINANCIAL LLC 75 BROAD STREET SUITE 702 NEW YORK NY 10004 CONSULTING SERVICES 103000 2 3218272 4495259 7713531 RESEARCH AND INNOVATIO 541720 1137144 1137144 APPLIED RESEARCH 541720 133405 133405 OUTREACH AND EDUCATION 541720 63100 63100 1333649 77378 77378 9124558 1200244 133405 77378 X 690 690 42581 42581 8336 8336 5953554 4055966 927512 970076 29587 4339 25248 110398 88577 9184 12637 338703 238519 46435 53749 316961 214881 50825 51255 605626 535470 26762 43394 205913 127200 39190 39523 16500 10228 3038 3234 20771 8861 11778 132 7649620 5279702 1170670 1199248 13420 13420 6572147 6713392 2259690 4047532 286630 198179 262047 185076 1358207 488627 987299 869580 14325 18418 5775 5775 10401333 12051372 1124423 1331732 218450 118083 147695 174433 1490568 1624248 X 5603197 5203454 3307568 5223670 8910765 10427124 10401333 12051372 1474938 41421 0 X 0 1 X 1 0 X 4846020 6807075 6179338 5307826 7713531 30853790 4846020 6807075 6179338 5307826 7713531 30853790 6003652 24850138 25485 24001 16021 69218 77378 212103 31065893 6270798 0.79990 0.83400 X 369103 90329 278774 372580 115743 256837 616524 282555 333969 869580 REFUNDABLE ADVANCE 83333 DEFERRED RENT 91100 174433 9272564 41421 114921 156342 9116222 8336 8336 9124558 7756205 114921 114921 7641284 8336 8336 7649620 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 2018 THE CHIEF EXECUTIVE OFFICER RECEIVED $500,110 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 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 EMPLOYEES INCLUDING CMFG LIFE INSURANCE COMPANY'S COMPENSATION EXPERTS, COMPENSATION AND BENEFITS SURVEYS FROM TOWERS WATSON WORLDWIDE, 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 644,455. MANAGEMENT AND GENERAL EXPENSES 25,095. FUNDRAISING EXPENSES 26,771. TOTAL EXPENSES 696,321. EMPLOYEE LEASING SERVICES: PROGRAM SERVICE EXPENSES 2,938,970. MANAGEMENT AND GENERAL EXPENSES 880,628. FUNDRAISING EXPENSES 918,384. TOTAL EXPENSES 4,737,982. PRINTING SERVICES: PROGRAM SERVICE EXPENSES 52,308. MANAGEMENT AND GENERAL EXPENSES 5,424. FUNDRAISING EXPENSES 7,463. TOTAL EXPENSES 65,195. PUBLICATION SERVICES: PROGRAM SERVICE EXPENSES 33,714. MANAGEMENT AND GENERAL EXPENSES 1,313. FUNDRAISING EXPENSES 1,401. TOTAL EXPENSES 36,428. RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 386,519. MANAGEMENT AND GENERAL EXPENSES 15,052. FUNDRAISING EXPENSES 16,057. TOTAL EXPENSES 417,628.