2018-11-06T15:46:33-06:00 2018-06-30 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2017-07-01 391645910 FILENE RESEARCH INSTITUTE INC FILE 6086613740 1010 E WASHINGTON AVE NO 306 MADISON WI 537034416 MARK MEYER CHIEF EXECUTIVE OFFICER 6086613740 2018-11-01 1 YIGIT UCTUM CPA P01269549 6082744020 66.222.124.178 2018-11-01 12:32:27 CD P 68342E75F01A61EB9B1EE0111EA88A19222854B3 B169A553E6FC674180C4B0C62460B1C0CC916730 2017 2018-06-14 16:35:46Z MARK MEYER 1010 E WASHINGTON AVE NO 306 MADISON WI 537034416 7167298 0 X WWW.FILENE.ORG X 1989 WI FILENE RESEARCH INSTITUTE CREATES CHANGE THROUGH INSIGHTFUL RESEARCH, PLAYFUL IDEAS, AND RIGOROUS EXPERIMENTATION TO MAKE REAL AND LASTING IMPACT IN PEOPLE'S LIVES. TOGETHER WE CAN IMPROVE FINANCIAL WELLNESS. 9 9 0 11 239109 -245037 6179338 5307826 1696902 1790254 16021 69218 0 0 7892261 7167298 0 0 0 0 0 0 0 0 771667 6122449 7632505 6122449 7632505 1769812 -465207 10947895 10469745 1527020 1558980 9420875 8910765 IF FILENE SEEKS TRUTH THROUGH INSIGHTFUL RESEARCH, PLAYFUL IDEAS AND RIGOROUS EXPERIMENTATION, THEN IT EMPOWERS PEOPLE TO ACHIEVE FINANCIAL WELLNESS. 0 0 3343270 26201 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, SLIDE DECKS, PODCASTS, VIDEOS AND INTERACTIVE DIGITAL TOOLS. THERE WERE NEARLY 60 FILENE RESEARCH, INNOVATION, AND IMPACT REPORTS AND BRIEFS PUBLISHED IN THE YEAR. ARTICLES SUMMARIZING THE RESEARCH ARE WIDELY DISTRIBUTED IN THE TRADE, SOCIAL MEDIA, GENERAL MEDIA AND IN THE PUBLICATIONS OF CREDIT UNION TRADE ORGANIZATIONS. 2222735 1524944 THROUGH FILENE RESEARCH INSTITUTE'S OUTREACH AND EDUCATION PROGRAM, FILENE PROVIDES A VARIETY OF WAYS TO INTERACT WITH OUR BODY OF WORK INCLUDING THE I3 (IDEAS, INNOVATION, AND IMPLEMENTATION) COMMUNITY, THE COOPERATIVE TRUST, RESEARCH COUNCILS, INNOVATION WORKSHOPS, EDUCATIONAL PRESENTATIONS AND RESEARCH COLLOQUIA. THESE OUTREACH EVENTS AFFORD LEARNING OPPORTUNITIES, ENGAGEMENT, PEER NETWORKING, ADMINISTRATIVE PROCEEDINGS, AND ORGANIZATIONAL DIRECTION. 484146 239109 FILENE RESEARCH INSTITUTE'S APPLIED RESEARCH AND INNOVATION PROGRAM TAKES THE MOST PROMISING RESEARCH AND USES IT TO BUILD AND TEST IDEAS WITH CREDIT UNIONS THAT SOLVE REAL-WORLD, CONSUMER FINANCE PROBLEMS. THIS YEAR WE FOCUSED ON OPTIMIZING DIGITAL CHANNELS, INCREASING MEMBER LOYALTY, PROVIDING MEMBERS ALTERNATIVES TO PAYDAY LENDING, ENHANCING THE INDUSTRY'S STRATEGIC READINESS AND ENSURING A MORE CONSISTENT ONBOARDING EXPERIENCE. OUR IMPACT PROGRAMS ARE DESIGNED TO HELP CREDIT UNIONS PUT OUR RESEARCH INTO ACTION SO THAT THEY CAN SERVE MORE CONSUMERS, DEEPEN RELATIONSHIPS AND ULTIMATELY IMPROVE PEOPLE'S LIVES. 6050151 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 63 0 0 1 1 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 537034416 X ANGIE OWENS CHAIRPERSON 1.00 X X 0 0 0 JAN ROCHE VICE CHAIRPERSON 1.00 X X 0 0 0 TRACIE KENYON TREASURER 1.00 X X 0 0 0 JIM NUSSLE SECRETARY 1.00 X X 0 0 0 MIKE SCHENK SECRETARY 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 SHRUTI MIYASHIRO DIRECTOR 1.00 X 0 0 0 KEITH SULTEMEIER DIRECTOR 1.00 X 0 0 0 ERIC DILLON DIRECTOR 1.00 X 0 0 0 MARK MEYER 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 5551918 IDEAL BUILDERS INC 1406 EMIL ST MADISON WI 537132323 CONSTRUCTION SERVICES 255544 MCANTA LLC 265 KENSINGTON DR MADISON WI 537045952 CONSULTING SERVICES 154890 SWINK LLC 106 E DOTY ST STE 310 MADISON WI 537033377 CONSULTING SERVICES 134824 WOODEN CONSULTING SERVICES 14307 THURMAN STREET OREGON CITY OR 97045 CONSULTING SERVICES 107629 5 3585601 1722225 5307826 OUTREACH AND EDUCATION 541720 1524944 1524944 APPLIED RESEARCH 541720 239109 239109 RESEARCH AND INNOVATIO 541720 26201 26201 1790254 69218 69218 7167298 1551145 239109 69218 X 5368 5368 30467 30467 8231 8231 5873831 4609529 653113 611189 47508 30914 455 16139 149298 118606 9459 21233 352249 296940 27093 28216 260865 200229 29550 31086 757821 694190 15675 47956 106541 78841 13850 13850 15222 11264 1979 1979 25104 9638 15447 19 7632505 6050151 810687 771667 13670 13420 7894703 6572147 2092469 2259690 197968 286630 149658 330459 1270013 282714 193811 987299 14325 14325 391291 5775 10947895 10469745 1042456 1192835 170851 218450 313713 147695 1527020 1558980 X 5665059 5603197 3755816 3307568 9420875 8910765 10947895 10469745 -465207 -44903 0 X 0 1 X 1 0 X 3932120 4846020 6807075 6179338 5307826 27072379 3932120 4846020 6807075 6179338 5307826 27072379 4358211 22714168 29424 25485 24001 16021 69218 164149 27236528 5943030 0.83400 0.82930 X 369103 37600 331503 365573 66998 298575 535337 178116 357221 987299 REFUNDABLE ADVANCE 84807 DEFERRED RENT 62888 147695 7169629 -44903 47234 2331 7167298 0 7167298 7679739 47234 47234 7632505 0 7632505 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 2017 THE CHIEF EXECUTIVE OFFICER RECEIVED $577,297 OF REPORTABLE COMPENSATION FROM CMFG LIFE INSURANCE COMPANY, OF WHICH $100,000 IS A ONE-OFF, MULTI-YEAR RETENTION PAYMENT. 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 805,092. MANAGEMENT AND GENERAL EXPENSES 19,335. FUNDRAISING EXPENSES 27,978. TOTAL EXPENSES 852,405. EMPLOYEE LEASING SERVICES: PROGRAM SERVICE EXPENSES 3,156,802. MANAGEMENT AND GENERAL EXPENSES 615,154. FUNDRAISING EXPENSES 552,758. TOTAL EXPENSES 4,324,714. PRINTING SERVICES: PROGRAM SERVICE EXPENSES 55,075. MANAGEMENT AND GENERAL EXPENSES 4,392. FUNDRAISING EXPENSES 9,860. TOTAL EXPENSES 69,327. PUBLICATION SERVICES: PROGRAM SERVICE EXPENSES 23,591. MANAGEMENT AND GENERAL EXPENSES 567. FUNDRAISING EXPENSES 820. TOTAL EXPENSES 24,978. RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 568,969. MANAGEMENT AND GENERAL EXPENSES 13,665. FUNDRAISING EXPENSES 19,773. TOTAL EXPENSES 602,407.