FILENE RESEARCH INSTITUTE INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
FILENE RESEARCH INSTITUTE INC (EIN 39-1645910)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-01-31
IRS object ID
201720319349301167
Schema version
2015v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-01-31T16:18:50-06:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390974031PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WEGNER CPAS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12110 LUANN LNAddressLine1Txt
CityMADISONCityNm
State AbbreviationWIStateAbbreviationCd
ZIP537133074ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN391645910EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FILENE RESEARCH INSTITUTE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFILEBusinessNameControlTxt
Phone6086613740PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1612 W MAIN ST NO 105AddressLine1Txt
CityMADISONCityNm
State AbbreviationWIStateAbbreviationCd
ZIP537034721ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARK MEYERPersonNm
Person TitleCHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone6086613740PhoneNum
Signature2017-01-31SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRUCE MAYER CPAPreparerPersonNm
PTINP00187180PTIN
Phone6082744020PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARK MEYERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1612 W MAIN ST NO 105AddressLine1Txt
CityMADISONCityNm
State AbbreviationWIStateAbbreviationCd
ZIP537034721ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$8,090,567GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.FILENE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1989FormationYr
Legal Domicile StateWILegalDomicileStateCd
Activity Or MissionFILENE 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.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers9TotalVolunteersCnt
Total Gross UBI$213,006TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$108,152NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,846,020PYContributionsGrantsAmt
CY Contributions Grants$6,807,075CYContributionsGrantsAmt
PY Program Service Revenue$1,199,931PYProgramServiceRevenueAmt
CY Program Service Revenue$1,046,485CYProgramServiceRevenueAmt
PY Investment Income$25,485PYInvestmentIncomeAmt
CY Investment Income$24,001CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$213,006CYOtherRevenueAmt
PY Total Revenue$6,071,436PYTotalRevenueAmt
CY Total Revenue$8,090,567CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$410,563CYTotalFundraisingExpenseAmt
PY Other Expenses$5,001,987PYOtherExpensesAmt
CY Other Expenses$5,338,428CYOtherExpensesAmt
PY Total Expenses$5,001,987PYTotalExpensesAmt
CY Total Expenses$5,338,428CYTotalExpensesAmt
PY Revenues Less Expenses$1,069,449PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,752,139CYRevenuesLessExpensesAmt
Total Assets BOY$5,736,048TotalAssetsBOYAmt
Total Assets EOY$8,741,168TotalAssetsEOYAmt
Total Liabilities BOY$821,817TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,081,012TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,914,231NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$7,660,156NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionIF FILENE SEEKS TRUTH THROUGH INSIGHTFUL RESEARCH, PLAYFUL IDEAS AND RIGOROUS EXPERIMENTATION, THEN IT EMPOWERS PEOPLE TO ACHIEVE FINANCIAL WELLNESS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,304,423ExpenseAmt
Revenue$68,895RevenueAmt
DescFILENE RESEARCH INSTITUTE SEEKS OUT HIGH PRIORITY RESEARCH QUESTIONS FOR THE BENEFIT OF CONSUMERS AND THE CONSUMER FINANCE SYSTEM. THE INSTITUTE REGULARLY PUBLISHES REPORTS ON ITS RESEARCH FINDINGS AND THE OUTPUTS TAKE MANY EVOLVING FORMS INCLUDING WHITE PAPERS, INFOGRAPHICS, AND SLIDE DECKS. THERE WERE 45 FILENE RESEARCH, INNOVATION, AND IMPACT REPORTS AND BRIEFS PUBLISHED DURING THE YEAR. ARTICLES SUMMARIZING THE RESEARCH ARE WIDELY DISTRIBUTED IN THE TRADE, SOCIAL MEDIA, GENERAL MEDIA AND IN THE PUBLICATIONS OF CREDIT UNION TRADE PUBLICATIONS. IN THE INSTITUTE'S LAB, 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 PILOTED WITH 90 CREDIT UNIONS TO TEST THESE IDEAS. THIS INCLUDED 5 PILOTS (FUNDED THROUGH THE FORD FOUNDATION) OF PRODUCTS DESIGNED TO ADDRESS THE NEEDS OF LOW TO MODERATE INCOME CONSUMERS. OVER $100 MILLION IN LOANS AND NEARLY $1 MILLION IN SAVINGS WERE REALIZED FROM THESE PILOTS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,071,504ExpenseAmt
Revenue$977,590RevenueAmt
DescTHROUGH 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.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$915,503ExpenseAmt
DescFILENE 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 EVALUATING STRATEGIC APPROACH, 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.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$4,291,430TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document45IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonPATSY STEWARTPersonNm
Phone6086613754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1612 W MAIN ST STE 105AddressLine1Txt
CityMADISONCityNm
State AbbreviationWIStateAbbreviationCd
ZIP537034721ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ANGIE OWENS
VICE CHAIRPERSON1.00Yes (X)Yes (X)$0$0$0
MAURICE SMITH
CHAIRPERSON1.00Yes (X)Yes (X)$0$0$0
TRACIE KENYON
TREASURER1.00Yes (X)Yes (X)$0$0$0
JIM NUSSLE
SECRETARY1.00Yes (X)Yes (X)$0$0$0
PAUL KUNDERT
DIRECTOR1.00Yes (X)$0$0$0
JAN ROCHE
DIRECTOR1.00Yes (X)$0$0$0
BOB TRUNZO
DIRECTOR1.00Yes (X)$0$0$0
BILL HAMPEL
ADVISORY MEMBER1.00Yes (X)$0$0$0
STEVE SULESKI
ADVISORY MEMBER1.00Yes (X)$0$0$0
MARK MEYER
CHIEF EXECUTIVE OFFICER60.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CMFG LIFE INSURANCE COMPANYBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line15910 MINERAL POINT RDAddressLine1Txt
CityMADISONCityNm
State AbbreviationWIStateAbbreviationCd
ZIP537054456ZIPCd
FieldValueIRS element (for citing)
ServicesMANAGEMENT AND ADMINISTRATIVE SERVICESServicesDesc
Compensation$2,949,828CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Membership Dues$4,114,437MembershipDuesAmt
All Other Contributions$2,692,638AllOtherContributionsAmt
Total Contributions$6,807,075TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
OUTREACH AND EDUCATION541720$977,590$977,590
RESEARCH AND INNOVATIO541720$68,895$68,895
FieldValueIRS element (for citing)
Total Program Service Revenue$1,046,485TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$24,001TotalRevenueColumnAmt
Exclusion$24,001ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescAPPLIED RESEARCHDesc
Business541720BusinessCd
Total Revenue Column$213,006TotalRevenueColumnAmt
Unrelated Business Revenue$213,006UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Other Revenue Total$213,006OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,090,567TotalRevenueColumnAmt
Related Or Exempt Func Income$1,046,485RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$213,006UnrelatedBusinessRevenueAmt
Exclusion$24,001ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$12,001TotalAmt
Management And General$12,001ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$33,395TotalAmt
Management And General$33,395ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$2,973TotalAmt
Management And General$2,973ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$4,263,126TotalAmt
Program Services$3,426,097ProgramServicesAmt
Management And General$510,277ManagementAndGeneralAmt
Fundraising$326,752FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$37,267TotalAmt
Program Services$5,082ProgramServicesAmt
Fundraising$32,185FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$100,899TotalAmt
Program Services$77,943ProgramServicesAmt
Management And General$13,034ManagementAndGeneralAmt
Fundraising$9,922FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$166,588TotalAmt
Program Services$134,856ProgramServicesAmt
Management And General$19,823ManagementAndGeneralAmt
Fundraising$11,909FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$187,388TotalAmt
Program Services$149,258ProgramServicesAmt
Management And General$24,081ManagementAndGeneralAmt
Fundraising$14,049FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$410,715TotalAmt
Program Services$391,416ProgramServicesAmt
Management And General$10,991ManagementAndGeneralAmt
Fundraising$8,308FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$30,327TotalAmt
Program Services$22,986ProgramServicesAmt
Management And General$4,694ManagementAndGeneralAmt
Fundraising$2,647FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$14,037TotalAmt
Program Services$10,640ProgramServicesAmt
Management And General$2,172ManagementAndGeneralAmt
Fundraising$1,225FundraisingAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$79,712TotalAmt
Program Services$73,152ProgramServicesAmt
Management And General$2,994ManagementAndGeneralAmt
Fundraising$3,566FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,338,428TotalAmt
Program Services$4,291,430ProgramServicesAmt
Management And General$636,435ManagementAndGeneralAmt
Fundraising$410,563FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$14,925BOYAmt
EOY$14,290EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$5,193,722BOYAmt
EOY$6,592,477EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$39,820BOYAmt
EOY$1,695,390EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$11,558BOYAmt
EOY$12,848EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$263,781LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$239,960LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$46,273BOYAmt
EOY$23,821EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$9,823BOYAmt
EOY$11,051EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$419,927BOYAmt
EOY$391,291EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,736,048BOYAmt
EOY$8,741,168EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$737,918BOYAmt
EOY$637,475EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$83,899BOYAmt
EOY$169,398EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$274,139EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$821,817BOYAmt
EOY$1,081,012EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,422,981BOYAmt
EOY$4,842,518EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$491,250BOYAmt
EOY$2,817,638EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,914,231BOYAmt
EOY$7,660,156EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,736,048BOYAmt
EOY$8,741,168EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$2,752,139ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$6,214NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,496,232CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,385,484CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,932,120CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,846,020CurrentTaxYearMinus1YearAmt
Current Tax Year$6,807,075CurrentTaxYearAmt
Total$22,466,931TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,496,232CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,385,484CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,932,120CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,846,020CurrentTaxYearMinus1YearAmt
Current Tax Year$6,807,075CurrentTaxYearAmt
Total$22,466,931TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,717,994SubstantialContributorsTotAmt
Public Support Total170$19,748,937PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$14,847CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$25,268CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$29,424CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$25,485CurrentTaxYearMinus1YearAmt
Current Tax Year$24,001CurrentTaxYearAmt
Total$119,025TotalAmt
FieldValueIRS element (for citing)
Total Support$22,585,956TotalSupportAmt
Gross Receipts Rltd Activities$4,552,288GrossReceiptsRltdActivitiesAmt
Public Support CY1700.87440PublicSupportCY170Pct
Public Support PY1700.94630PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$12,479OtherCostOrOtherBasisAmt
Depreciation$8,744DepreciationAmt
Book Value$3,735BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$116,956OtherCostOrOtherBasisAmt
Depreciation$107,727DepreciationAmt
Book Value$9,229BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$134,346OtherCostOrOtherBasisAmt
Depreciation$123,489DepreciationAmt
Book Value$10,857BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$23,821TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescREFUNDABLE ADVANCEDesc
Amt$274,139Amt
FieldValueIRS element (for citing)
Total Liability$274,139TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$8,084,353TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$6,214NetUnrealizedGainsInvstAmt
Revenue Not Reported-$6,214RevenueNotReportedAmt
Revenue Subtotal$8,090,567RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$8,090,567TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,338,428TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$5,338,428ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,338,428TotalExpensesPerForm990Amt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE 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 THE CALENDAR YEAR 2015 THE CHIEF EXECUTIVE OFFICER RECEIVED $439,227 OF REPORTABLE COMPENSATION AND $36,716 OF OTHER COMPENSATION FROM CMFG LIFE INSURANCE COMPANY.
FORM 990, PART VI, SECTION B, LINE 11THE 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 12CALL 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 15ATHE 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 19THE INSTITUTE PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE GENERAL PUBLIC UPON WRITTEN REQUEST.
FORM 990, PART IX, LINE 11GCONSULTING SERVICES: PROGRAM SERVICE EXPENSES 427,829. MANAGEMENT AND GENERAL EXPENSES 8,663. FUNDRAISING EXPENSES 20,625. TOTAL EXPENSES 457,117. EMPLOYEE LEASING SERVICES: PROGRAM SERVICE EXPENSES 2,413,237. MANAGEMENT AND GENERAL EXPENSES 492,740. FUNDRAISING EXPENSES 277,923. TOTAL EXPENSES 3,183,900. PRINTING SERVICES: PROGRAM SERVICE EXPENSES 55,440. MANAGEMENT AND GENERAL EXPENSES 1,123. FUNDRAISING EXPENSES 2,673. TOTAL EXPENSES 59,236. PUBLICATION SERVICES: PROGRAM SERVICE EXPENSES 57,168. MANAGEMENT AND GENERAL EXPENSES 1,158. FUNDRAISING EXPENSES 2,756. TOTAL EXPENSES 61,082. RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 472,423. MANAGEMENT AND GENERAL EXPENSES 6,593. FUNDRAISING EXPENSES 22,775. TOTAL EXPENSES 501,791.

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