2016-03-30T13:43:48-05:00 2015-06-30 390974031 WEGNER CPAS LLP 2110 LUANN LN MADISON WI 537133074 990 2014-07-01 391645910 FILENE RESEARCH INSTITUTE INC FILE 6086613740 612 W MAIN ST NO 105 MADISON WI 537034721 MARK MEYER CHIEF EXECUTIVE OFFICER 6086613740 2016-03-29 1 BRUCE MAYER CPA P00187180 6082744020 2014 2016-08-17 19:52:53Z MARK MEYER 612 W MAIN ST NO 105 MADISON WI 537034721 6071436 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. 7 7 0 9 225605 -225606 3932120 4846020 872476 1199931 24238 25485 0 0 4828834 6071436 0 0 0 0 0 0 0 0 310995 4972744 5001987 4972744 5001987 -143910 1069449 4613876 5736048 736207 821817 3877669 4914231 OUR MISSION IS TO SUPPORT RESEARCH EFFORTS THAT WILL ULTIMATELY ENHANCE THE WELL-BEING OF CONSUMERS AND ASSIST CREDIT UNIONS IN ADAPTING TO RAPIDLY CHANGING ECONOMIC, LEGAL, AND SOCIAL ENVIRONMENTS. 0 0 2045610 61533 FILENE RESEARCH INSTITUTE SEEKS OUT HIGH PRIORITY RESEARCH QUESTIONS FOR THE BENEFIT OF CONSUMERS AND THE CORPORATE FINANCE MOVEMENT. 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 38 RESEARCH OUTPUTS PUBLISHED DURING THE YEAR AND 17,846 RESEARCH PAPERS WERE DOWNLOADED. ARTICLES SUMMARIZING THE RESEARCH ARE WIDELY DISTRIBUTED IN THE TRADE, SOCIAL MEDIA, GENERAL MEDIA AND IN THE PUBLICATIONS OF CREDIT UNION NATIONAL ASSOCIATION (CUNA), CREDIT UNION EXECUTIVES SOCIETY (CUES), CREDIT UNION CENTRAL OF CANADA (CUCC), CONSUMER OWNED BANKING ASSOCIATION (COBA-AUSTRAILIA), AND THE STATE CREDIT UNION LEAGUES/ASSOCIATIONS IN THE UNITED STATES OF AMERICA. 924305 225605 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 MEETINGS AND RESEARCH COLLOQUIA. THESE OUTREACH EVENTS AFFORD LEARNING OPPORTUNITIES, ENGAGEMENT, PEER NETWORKING, ADMINISTRATIVE PROCEEDINGS, AND ORGANIZATIONAL DIRECTION. THERE WERE 146 DOMESTIC ENGAGEMENTS AND 13 INTERNATIONAL ENGAGEMENTS OVER THE PAST YEAR. THERE WERE 49 PARTICIPANTS IN OUR I3 PROGRAM AND 922 IN COOPERATIVE TRUST. 1092630 912793 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. CREDIT UNIONS ARE ALSO EDUCATED ON THE INNOVATION COMPETENCY THROUGH INNOVATION WORKSHOPS AND THE INSTITUTE'S I3 WORK GROUP. THE INSTITUTE PUBLISHED 15 INNOVATION CONCEPTS, CONDUCTED PILOTS WITH 59 CREDIT UNIONS DURING THE YEAR AND 34 CREDIT UNION ORGANIZATIONS EMBRACED INNOVATION WITH HELP FROM THE INSTITUTE. THROUGH A GRANT FROM THE FORD FOUNDATION, THE INSTITUTE ALSO CONDUCTED 5 PILOTS OF PRODUCTS DESIGNED TO ADDRESS THE NEEDS OF LOW TO MODERATE INCOME CONSUMERS. 12,000 UNDERSERVED CONSUMERS ARE BENEFITING FROM THESE PROGRAMS. 4062545 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 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 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X PATSY STEWART 6086613754 612 W MAIN ST STE 105 MADISON WI 537034721 X PAUL KUNDERT CHAIRPERSON 1.00 X X 0 0 0 MAURICE SMITH 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 JAN ROCHE DIRECTOR 1.00 X 0 0 0 BOB TRUNZO DIRECTOR 1.00 X 0 0 0 ANGIE OWENS 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 2986839 1 4354770 491250 4846020 OUTREACH AND EDUCATION 541720 912793 912793 APPLIED RESEARCH 541720 225605 225605 RESEARCH AND INNOVATIO 541720 61533 61533 1199931 25485 25485 6071436 974326 225605 25485 X 9300 4622 1173 3505 50214 43882 6332 3393 3393 4090842 3299582 535792 255468 39597 30662 8935 83987 63905 12114 7968 145194 116988 18580 9626 171666 132147 26566 12953 292461 279408 8898 4155 69610 51625 12260 5725 13685 10149 2410 1126 32038 29575 929 1534 5001987 4062545 628447 310995 15634 14925 3924610 5193722 74070 39820 8326 11558 255906 209633 115883 46273 28650 9823 446703 419927 4613876 5736048 560657 737918 175550 83899 736207 821817 X 3773438 4422981 104231 491250 3877669 4914231 4613876 5736048 1069449 -32887 0 X 0 1 X 1 0 X 2904537 3496232 3385484 3932120 4846020 18564393 2904537 3496232 3385484 3932120 4846020 18564393 886312 17678081 21379 14847 25268 29424 25485 116403 18680796 3546737 0.94630 0.95460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8744 6740 2004 116956 99615 17341 130206 103278 26928 46273 DUE FROM SALE OF DEBT IN FOCUS 419927 419927 6038549 -32887 -32887 6071436 0 6071436 5001987 0 5001987 0 5001987 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 THE CALENDAR YEAR 2014 THE CHIEF EXECUTIVE OFFICER RECEIVED $385,658 OF REPORTABLE COMPENSATION AND $35,866 OF OTHER COMPENSATION FROM CMFG LIFE INSURANCE COMPANY. FORM 990, PART VI, SECTION B, LINE 11 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 RETURN 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 265,466. MANAGEMENT AND GENERAL EXPENSES 5,932. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 271,398. EMPLOYEE LEASING SERVICES: PROGRAM SERVICE EXPENSES 2,188,362. MANAGEMENT AND GENERAL EXPENSES 519,666. FUNDRAISING EXPENSES 242,679. TOTAL EXPENSES 2,950,707. PRINTING SERVICES: PROGRAM SERVICE EXPENSES 77,603. MANAGEMENT AND GENERAL EXPENSES 2,819. FUNDRAISING EXPENSES 4,990. TOTAL EXPENSES 85,412. PUBLICATION SERVICES: PROGRAM SERVICE EXPENSES 69,600. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 7,799. TOTAL EXPENSES 77,399. RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 698,551. MANAGEMENT AND GENERAL EXPENSES 7,375. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 705,926.