2017-10-24T10:38:49-05:00 2017-06-30 390974031 WEGNER CPAS LLP 2110 LUANN LN MADISON WI 537133074 990 2016-07-01 391645910 FILENE RESEARCH INSTITUTE INC FILE 6086613740 1010 E WASHINGTON AVE NO 306 MADISON WI 537034416 MARK MEYER CHIEF EXECUTIVE OFFICER 6086613740 2017-10-19 1 YIGIT UCTUM CPA P01269549 6082744020 2016 2022-09-23 18:48:47Z X MARK MEYER 1010 E WASHINGTON AVE NO 306 MADISON WI 537034416 7892261 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. 8 8 0 10 198304 -54531 6807075 6179338 1046485 1696902 24001 16021 213006 0 8090567 7892261 0 0 0 0 0 0 0 0 483461 5338428 6122449 5338428 6122449 2752139 1769812 8741168 10947895 1081012 1527020 7660156 9420875 X FILENE SEEKS TRUTH THROUGH INSIGHTFUL RESEARCH, PLAYFUL IDEAS AND RIGOROUS EXPERIMENTATION, EMPOWERING PEOPLE TO ACHIEVE FINANCIAL WELLNESS. 0 0 2503974 15131 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 52 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. IN THE INSTITUTE'S INCUBATOR, WE TEST IDEAS, BASED ON CONSUMER NEED AND ROOTED IN RESEARCH, WITH THE GOAL OF BRINGING THESE IDEAS TO THE FINANCIAL MARKETPLACE FOR POSITIVE IMPACT. DURING THE YEAR, THE INSTITUTE WORKED WITH 41 NEW CREDIT UNIONS TO TEST THESE IDEAS. THIS INCLUDED 5 PILOTS (FUNDED THROUGH THE FORD FOUNDATION AND VISA) OF PRODUCTS DESIGNED TO ADDRESS THE MINORITY POPULATIONS. DATA COLLECTION AND ANALYSIS IS CURRENTLY IN PROCESS WITH A FULL REPORTING IN FISCAL YEAR 2018. 1840335 1483984 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. 550621 197787 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. FROM OPTIMIZING DIGITAL CHANNELS TO INCREASING MEMBER LOYALTY, PROVIDING MEMBERS ALTERNATIVES TO PAYDAY LENDING TO ENHANCING STRATEGIC EFFORTS 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 MEMBERS, DEEPEN RELATIONSHIPS AND ULTIMATELY IMPROVE PEOPLE'S LIVES. 4894930 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 48 0 0 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA NY WI X PATSY STEWART 6086613754 1010 E WASHINGTON AVE STE 306 MADISON WI 537034416 X MAURICE SMITH CHAIRPERSON 1.00 X X 0 0 0 ANGIE OWENS 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 PAUL KUNDERT DIRECTOR 1.00 X X 0 0 0 JAN ROCHE 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 STEVE SULESKI ADVISORY MEMBER 1.00 X 0 0 0 MIKE SCHENK ADVISORY MEMBER 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 4544857 BLUE WOLF GROUP LLC 11 E 26TH ST NEW YORK NY 100101402 CONSULTING SERVICES 129781 2 3719999 2459339 6179338 OUTREACH AND EDUCATION 541720 1483984 1483467 517 APPLIED RESEARCH 541720 197787 197787 RESEARCH AND INNOVATIO 541720 15131 15131 1696902 16021 16021 7892261 1498598 198304 16021 X 23297 23297 30837 30837 2983 2983 4880231 3855744 620628 403859 24813 15137 82 9594 120099 102978 8062 9059 283194 249626 19056 14512 175547 141536 19177 14834 517133 475885 14360 26888 22855 18055 2743 2057 13768 10877 1652 1239 27692 25092 1181 1419 6122449 4894930 744058 483461 14290 13670 6592477 7894703 2092469 1695390 197968 12848 149658 456627 262816 23821 193811 11051 14325 391291 391291 8741168 10947895 637475 1042456 169398 170851 274139 313713 1081012 1527020 X 4842518 5665059 2817638 3755816 7660156 9420875 8741168 10947895 1769812 -9093 0 X 0 1 X 1 0 X 3385484 3932120 4846020 6807075 6190794 25161493 3385484 3932120 4846020 6807075 6190794 25161493 4195687 20965806 25268 29424 25485 24001 16021 120199 25281692 5213224 0.82930 0.87440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36544 8744 27800 116956 115337 1619 303127 138735 164392 193811 REFUNDABLE ADVANCE 313713 313713 7883168 -9093 -9093 7892261 0 7892261 6122449 0 6122449 0 6122449 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 2016 THE CHIEF EXECUTIVE OFFICER RECEIVED $455,955 OF REPORTABLE COMPENSATION AND $810 OF OTHER 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 695,420. MANAGEMENT AND GENERAL EXPENSES 8,588. FUNDRAISING EXPENSES 58,349. TOTAL EXPENSES 762,357. EMPLOYEE LEASING SERVICES: PROGRAM SERVICE EXPENSES 2,679,664. MANAGEMENT AND GENERAL EXPENSES 607,553. FUNDRAISING EXPENSES 305,086. TOTAL EXPENSES 3,592,303. PRINTING SERVICES: PROGRAM SERVICE EXPENSES 23,281. MANAGEMENT AND GENERAL EXPENSES 1,822. FUNDRAISING EXPENSES 2,048. TOTAL EXPENSES 27,151. PUBLICATION SERVICES: PROGRAM SERVICE EXPENSES 28,856. MANAGEMENT AND GENERAL EXPENSES 356. FUNDRAISING EXPENSES 2,421. TOTAL EXPENSES 31,633. RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 428,523. MANAGEMENT AND GENERAL EXPENSES 2,309. FUNDRAISING EXPENSES 35,955. TOTAL EXPENSES 466,787.