FILENE RESEARCH INSTITUTE INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
FILENE RESEARCH INSTITUTE INC (EIN 39-1645910)
Tax period
2024-07-01 to 2025-06-30
Filed
2025-10-28
IRS object ID
202513019349302336
Schema version
2024v5.2
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)
Return2025-10-28T15:07:03-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

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 Line12921 LANDMARK PL STE 300AddressLine1Txt
CityMADISONCityNm
State AbbreviationWIStateAbbreviationCd
ZIP537134236ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

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 Line15910 MINERAL POINT ROADAddressLine1Txt
CityMADISONCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53705ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARK MEYERPersonNm
Person TitlePRESIDENT & CHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone6086613740PhoneNum
Signature2025-10-28SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJASON STEPHENS CPAPreparerPersonNm
PTINP01263225PTIN
Phone6082744020PhoneNum
Preparation2025-10-28PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARK MEYERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15910 MINERAL POINT ROADAddressLine1Txt
CityMADISONCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53705ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$11,715,661GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressFILENE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1989FormationYr
Legal Domicile StateWILegalDomicileStateCd
Activity Or MissionTO CONDUCT SCIENTIFIC RESEARCH AND EDUCATIONAL PROGRAMS OF CURRENT AND FUTURE INTEREST AND VALUE TO THE GENERAL PUBLIC AND TO CREDIT UNIONS, CREDIT UNION MEMBERS, CREDIT UNION ORGANIZATIONS AND SUPPORTERS OF CREDIT UNIONS AND THE CREDIT UNION PHILOSOPHY.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$8,396,360PYContributionsGrantsAmt
CY Contributions Grants$9,624,573CYContributionsGrantsAmt
PY Program Service Revenue$586,519PYProgramServiceRevenueAmt
CY Program Service Revenue$1,009,806CYProgramServiceRevenueAmt
PY Investment Income$80,028PYInvestmentIncomeAmt
CY Investment Income$289,232CYInvestmentIncomeAmt
PY Other Revenue$36,000PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$9,098,907PYTotalRevenueAmt
CY Total Revenue$10,923,611CYTotalRevenueAmt
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$1,442,814CYTotalFundraisingExpenseAmt
PY Other Expenses$9,163,206PYOtherExpensesAmt
CY Other Expenses$10,195,724CYOtherExpensesAmt
PY Total Expenses$9,163,206PYTotalExpensesAmt
CY Total Expenses$10,195,724CYTotalExpensesAmt
PY Revenues Less Expenses-$64,299PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$727,887CYRevenuesLessExpensesAmt
Total Assets BOY$15,454,499TotalAssetsBOYAmt
Total Assets EOY$16,394,593TotalAssetsEOYAmt
Total Liabilities BOY$2,160,943TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,083,388TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$13,293,556NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$14,311,205NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSTRENGTHENING ORGANIZATIONS THROUGH INNOVATIVE RESEARCH & INCUBATION TO IMPROVE CONSUMER FINANCIAL WELL-BEING.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,392,706ExpenseAmt
Grant$0GrantAmt
Revenue$925,678RevenueAmt
DescRESEARCH AND INCUBATION - FILENE RESEARCH INSTITUTE IDENTIFIES HIGH-PRIORITY QUESTIONS TO ADVANCE CONSUMER WELL-BEING AND THE COOPERATIVE FINANCE MOVEMENT. THE INSTITUTE REGULARLY PUBLISHES RESEARCH FINDINGS THROUGH REPORTS, PODCASTS, TOOLKITS, INFOGRAPHICS, AND SLIDE DECKS. OVER THE PAST YEAR, FILENE RELEASED 35 RESEARCH AND INNOVATION REPORTS AND 39 ADDITIONAL OUTPUTS. THESE INSIGHTS ARE WIDELY SHARED THROUGH TRADE PRESS, SOCIAL MEDIA, GENERAL MEDIA, AND CREDIT UNION TRADE PUBLICATIONS. FILENE ALSO PRESENTS ITS RESEARCH ACROSS NORTH AMERICA AND CONTRIBUTES EXPERTISE ON KEY CONSUMER FINANCE TOPICS AT INDUSTRY AND NONPROFIT CONFERENCES. TAKING INNOVATION FURTHER, FILENE'S INCUBATORS TEST PRODUCTS AND IDEAS THAT HELP CREDIT UNIONS GROW AND DELIVER GREATER VALUE TO THEIR MEMBERS AND COMMUNITIES. DURING THE PAST FISCAL YEAR, FILENE OFFERED 3 INCUBATOR PROGRAMS AND TESTED 7 IN-MARKET PRODUCTS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$3,298,227ExpenseAmt
Grant$0GrantAmt
Revenue$84,128RevenueAmt
DescOUTREACH AND EDUCATION - FILENE PROVIDES MEMBERS AND STRATEGIC PARTNERS WITH MEANINGFUL OPPORTUNITIES TO ENGAGE WITH OUR BODY OF WORK THROUGH EVENTS AND COMMUNITIES. THIS YEAR, OVER 1,942 CREDIT UNION-AFFILIATED INDIVIDUALS PARTICIPATED IN ONE OF OUR 9 MARKET-FACING EVENTS, WHILE MORE THAN 4,378 REGISTERED FOR ONE OF OUR 31 WEBINARS. THROUGH THE COOPERATIVE TRUST, WE SUPPORTED 708 EMERGING LEADERS AND WELCOMED 178 CRASHERS WHO ENGAGED IN IN-PERSON EVENTS OR OUR IMMERSIVE CRASH COURSE LEARNING COMMUNITY. OUR I3 INNOVATION PROGRAM EXPANDED INDUSTRY LEADERSHIP CAPACITY WITH 51 PARTICIPANTS REPRESENTING 44 CREDIT UNIONS AND PARTNER ORGANIZATIONS. THESE OUTREACH AND EDUCATION EFFORTS REFLECT FILENE'S COMMITMENT TO DEVELOPING LEADERS, ADVANCING INNOVATION, AND STRENGTHENING THE CREDIT UNION MOVEMENT.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$7,690,933TotalProgramServiceExpensesAmt
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
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
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 With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
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 Document53IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
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
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
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 FldALStatesWhereCopyOfReturnIsFldCd
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States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonPATSY STEWARTPersonNm
Phone6086613740PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15910 MINERAL POINT ROADAddressLine1Txt
CityMADISONCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53705ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
APRIL CLOBES
CHAIR1.00Yes (X)Yes (X)$0$0$0
TY MUSE
VICE-CHAIR1.00Yes (X)Yes (X)$0$0$0
KEVIN JOHNSON
TREASURER1.00Yes (X)Yes (X)$0$0$0
KEITH SULTEMEIER
DIRECTOR1.00Yes (X)$0$0$0
MIKE SCHENK
DIRECTOR1.00Yes (X)$0$0$0
TONITA WEBB
DIRECTOR1.00Yes (X)$0$0$0
BILL CHENEY
DIRECTOR1.00Yes (X)$0$0$0
PATTY CAMPBELL
DIRECTOR1.00Yes (X)$0$0$0
LILY NEWFARMER
DIRECTOR1.00Yes (X)$0$0$0
MARK MEYER
PRESIDENT & CHIEF EXECUTIVE OFFICER60.00Yes (X)$0$0$0
JEREMY TOLLEFSON
DIR OF EXECUTIVE RELATIONS/SECRETARY40.00Yes (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 (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CUNA MUTUAL GROUPTRUSTAGE
5910 MINERAL POINT RDMADISONWI53705MANAGEMENT AND ADMINISTRATIVE SERVICES$2,984,462
HERMONEY MEDIA INC
442 5TH AVE 1172NEW YORKNY10018FINANCIAL WELLNESS CONTENT SERVICES$151,200
LAMONT BLACK
2214 N LAKEWOOD AVECHICAGOIL60614RESEARCH AND CONSULTING SERVICES$124,718
TRACEY BOCKHOP
9417 SILVERSTONE LNVERONAWI53593EVENT PLANNING SERVICES$115,220
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Membership Dues$2,309,477MembershipDuesAmt
All Other Contributions$7,315,096AllOtherContributionsAmt
Total Contributions$9,624,573TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RESEARCH AND INCUBATION541700$925,678$925,678
OUTREACH AND EDUCATION541700$84,128$84,128
FieldValueIRS element (for citing)
Total Program Service Revenue$1,009,806TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$277,646TotalRevenueColumnAmt
Exclusion$277,646ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$803,636SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$792,050SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$11,586SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,586TotalRevenueColumnAmt
Exclusion$11,586ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$10,923,611TotalRevenueColumnAmt
Related Or Exempt Func Income$1,009,806RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$289,232ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$6,074,981TotalAmt
Program Services$4,198,590ProgramServicesAmt
Management And General$690,339ManagementAndGeneralAmt
Fundraising$1,186,052FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$40,199TotalAmt
Management And General$40,199ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$69,387TotalAmt
Management And General$69,387ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$8,339TotalAmt
Management And General$8,339ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,579,228TotalAmt
Program Services$1,483,255ProgramServicesAmt
Management And General$44,462ManagementAndGeneralAmt
Fundraising$51,511FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$71,063TotalAmt
Program Services$48,258ProgramServicesAmt
Management And General$9,507ManagementAndGeneralAmt
Fundraising$13,298FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$77,218TotalAmt
Program Services$44,926ProgramServicesAmt
Management And General$12,614ManagementAndGeneralAmt
Fundraising$19,678FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$434,415TotalAmt
Program Services$296,880ProgramServicesAmt
Management And General$60,149ManagementAndGeneralAmt
Fundraising$77,386FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$42,986TotalAmt
Program Services$26,018ProgramServicesAmt
Management And General$9,333ManagementAndGeneralAmt
Fundraising$7,635FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$872,797TotalAmt
Program Services$771,503ProgramServicesAmt
Management And General$35,405ManagementAndGeneralAmt
Fundraising$65,889FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$773,199TotalAmt
Program Services$744,809ProgramServicesAmt
Management And General$27,911ManagementAndGeneralAmt
Fundraising$479FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$101,499TotalAmt
Program Services$61,434ProgramServicesAmt
Management And General$22,036ManagementAndGeneralAmt
Fundraising$18,029FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$14,633TotalAmt
Program Services$10,113ProgramServicesAmt
Management And General$1,663ManagementAndGeneralAmt
Fundraising$2,857FundraisingAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$35,780TotalAmt
Program Services$5,147ProgramServicesAmt
Management And General$30,633ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$10,195,724TotalAmt
Program Services$7,690,933ProgramServicesAmt
Management And General$1,061,977ManagementAndGeneralAmt
Fundraising$1,442,814FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$37BOYAmt
EOY$203,697EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$4,827,042BOYAmt
EOY$5,476,509EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$8,161,923BOYAmt
EOY$8,805,905EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$42,719BOYAmt
EOY$57,175EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$79,895BOYAmt
EOY$83,746EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$642,064LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$483,550LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$235,134BOYAmt
EOY$158,514EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,734,426BOYAmt
EOY$974,398EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$373,323BOYAmt
EOY$634,649EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$15,454,499BOYAmt
EOY$16,394,593EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,804,193BOYAmt
EOY$1,625,330EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$109,722BOYAmt
EOY$458,058EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$247,028BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,160,943BOYAmt
EOY$2,083,388EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,871,041BOYAmt
EOY$4,179,937EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,422,515BOYAmt
EOY$10,131,268EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$13,293,556BOYAmt
EOY$14,311,205EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,454,499BOYAmt
EOY$16,394,593EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$727,887ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$289,762NetUnrlzdGainsLossesInvstAmt
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$7,298,178CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,493,362CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,473,926CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,396,360CurrentTaxYearMinus1YearAmt
Current Tax Year$9,624,573CurrentTaxYearAmt
Total$40,286,399TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,298,178CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,493,362CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,473,926CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,396,360CurrentTaxYearMinus1YearAmt
Current Tax Year$9,624,573CurrentTaxYearAmt
Total$40,286,399TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,001,946SubstantialContributorsTotAmt
Public Support Total170$38,284,453PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$62,755CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$56,440CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$156,659CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$145,878CurrentTaxYearMinus1YearAmt
Current Tax Year$277,646CurrentTaxYearAmt
Total$699,378TotalAmt
FieldValueIRS element (for citing)
Total Support$40,985,777TotalSupportAmt
Gross Receipts Rltd Activities$3,357,879GrossReceiptsRltdActivitiesAmt
Public Support CY1700.93410PublicSupportCY170Pct
Public Support PY1700.96950PublicSupportPY170Pct
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

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$12,967OtherCostOrOtherBasisAmt
Depreciation$12,222DepreciationAmt
Book Value$745BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$629,097OtherCostOrOtherBasisAmt
Depreciation$471,328DepreciationAmt
Book Value$157,769BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$158,514TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$11,221,263TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$289,762NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$16,229DonatedServicesAndUseFcltsAmt
Other Revenue-$8,339OtherRevenueAmt
Revenue Not Reported$297,652RevenueNotReportedAmt
Revenue Subtotal$10,923,611RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$10,923,611TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$10,203,614TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$16,229DonatedServicesUseFcltsAmt
Expenses Not Reported$16,229ExpensesNotReportedAmt
Expenses Subtotal$10,187,385ExpensesSubtotalAmt
Investment Expenses Not Incld2$8,339InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$8,339ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$10,195,724TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART XI, LINE 2D - OTHER ADJUSTMENTS:FormAndLineReferenceDesc
ExplanationINVESTMENT MANAGEMENT FEES REPORTED ON FORM 990, PART IX, LINE 11F -8,339.ExplanationTxt

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 THE PRESIDENT AND CHIEF EXECUTIVE OFFICER, FROM CMFG LIFE INSURANCE COMPANY. THE CHIEF EXECUTIVE OFFICER IS RESPONSIBLE FOR KEY MANAGEMENT FUNCTIONS INCLUDING PERSONNEL SUPERVISION, BUDGETING, FINANCIAL OPERATIONS, AND OVERSIGHT OF EXEMPT ACTIVITIES. DURING CALENDAR YEAR 2024, THE CHIEF EXECUTIVE OFFICER RECEIVED $970,603 IN COMPENSATION AND $96,204 IN EMPLOYEE BENEFITS FROM CMFG LIFE INSURANCE COMPANY. DURING CALENDAR YEAR 2024, THE SECRETARY RECEIVED $137,770 OF COMPENSATION AND $43,609 IN EMPLOYEE BENEFITS FROM CMFG LIFE INSURANCE COMPANY.
FORM 990, PART VI, SECTION B, LINE 11BTHE 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 COMPLETE AND SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT, WHICH IS REVIEWED BY THE GOVERNING BODY AND MAINTAINED BY THE INSTITUTE. LEASED EMPLOYEES OF THE INSTITUTE, INCLUDING STAFF FROM CMFG LIFE INSURANCE COMPANY, COMPLETE CMFG'S CONFLICT OF INTEREST STATEMENT ELECTRONICALLY.
FORM 990, PART VI, SECTION B, LINE 15ATHE INSTITUTE'S GOVERNING BODY UTILIZES MULTIPLE RESOURCES TO DETERMINE COMPENSATION FOR THE PRESIDENT, CHIEF EXECUTIVE OFFICER, AND LEASED EMPLOYEES, INCLUDING EXPERTISE FROM CMFG LIFE INSURANCE COMPANY, THIRD-PARTY COMPENSATION AND BENEFITS SURVEYS, INDUSTRY DATA FROM THE CREDIT UNION SYSTEM AND NETWORKS OF GOVERNING BODY MEMBERS, AND NONPROFIT COMPENSATION INFORMATION SUCH AS THE GUIDESTAR NONPROFIT COMPENSATION REPORT AND OTHER RESOURCES 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/SUBCONTRACTOR SERVICES: PROGRAM SERVICE EXPENSES 1,094,899. MANAGEMENT AND GENERAL EXPENSES 44,014. FUNDRAISING EXPENSES 50,992. TOTAL EXPENSES 1,189,905. RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 337,833. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 337,833. PUBLICATION SERVICES: PROGRAM SERVICE EXPENSES 1,483. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,483. REGISTRATION AND FILING FEES: PROGRAM SERVICE EXPENSES 14,590. MANAGEMENT AND GENERAL EXPENSES 448. FUNDRAISING EXPENSES 519. TOTAL EXPENSES 15,557. PRINTING: PROGRAM SERVICE EXPENSES 34,450. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,450.

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