2015-02-06T16:41:52-06:00 2014-06-30 390974031 WEGNER CPAS LLP 2110 LUANN LN MADISON WI 537133074 990 2013-07-01 391645910 FILENE RESEARCH INSTITUTE INC FILE 6086613740 612 W MAIN ST NO 105 MADISON WI 537034721 MARK MEYER CHIEF EXECUTIVE OFFICER 6086613740 2015-02-04 1 BRUCE MAYER CPA P00187180 6082744020 2013 2016-02-25 16:41:14Z MARK MEYER 612 W MAIN ST NO 105 MADISON WI 537034721 5230027 0 X WWW.FILENE.ORG X 1989 WI ANALYSIS ABOUT ISSUES AFFECTING THE FUTURE OF CONSUMER FINANCE AND CREDIT UNIONS 7 7 0 7 0 0 3385484 3932120 671998 872476 25261 24238 0 0 4082743 4828834 0 0 0 0 0 0 0 0 328023 4281586 4972744 4281586 4972744 -198843 -143910 4600024 4613876 574580 736207 4025444 3877669 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 2179123 FILENE RESEARCH INSTITUTE SEEKS OUT HIGH PRIORITY RESEARCH QUESTIONS FOR THE BENEFIT OF CONSUMERS AND THE CREDIT UNION MOVEMENT. THE INSTITUTE REGULARLY PUBLISHES REPORTS ON ITS RESEARCH FINDINGS. THE INSTITUTE ALSO SPONSORS RESEARCH COLLOQUIA ON VITAL ISSUES AFFECTING CREDIT UNIONS. ARTICLES SUMMARIZING THE RESEARCH ARE WIDELY DISTRIBUTED IN THE TRADE AND GENERAL MEDIA AND IN THE PUBLICATIONS OF CREDIT UNION NATIONAL ASSOCIATION (CUNA), CREDIT UNION EXECUTIVES SOCIETY (CUES), AND THE STATE CREDIT UNION LEAGUES. THE INSTITUTE PUBLISHED 29 PUBLICATIONS DURING THE YEAR. 917263 4375 THROUGH FILENE RESEARCH INSTITUTE'S OUTREACH AND EDUCATION PROGRAM, THE INSTITUTE HOSTS RESEARCH COLLOQUIUMS, COMMUNITIES, RESEARCH COUNCILS, AND INNOVATION MEETINGS. THESE EVENTS AFFORD LEARNING OPPORTUNITIES, ENGAGEMENT, PEER NETWORKING, ADMINISTRATIVE PROCEEDINGS, AND ORGANIZATIONAL DIRECTION. 845011 868101 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 (IDEAS, INNOVATION, AND IMPLEMENTATION) WORK GROUP. I3 IS MADE UP OF CREDIT UNION PROFESSIONALS (EMPLOYED WITH A CREDIT UNION OR CREDIT UNION SERVICE ORGANIZATION) WHO STRIVE TO BE TRANSFORMATIONAL LEADERS IN BUILDING THE FUTURE OF CREDIT UNIONS AND TO CREATE NEW IDEAS, INNOVATE, AND IMPLEMENT FOR THE BENEFIT OF THE CREDIT UNION INDUSTRY. THE INSTITUTE PUBLISHED 15 INNOVATION CONCEPTS AND CONDUCTED 6 PILOTS WITH CREDIT UNIONS DURING THE YEAR. 3941397 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 64 0 0 0 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 BILL CHENEY TREASURER 1.00 X X 0 0 0 TRACIE KENYON SECRETARY 1.00 X X 0 0 0 PATRICIA SMITH DIRECTOR 1.00 X 0 0 0 JAN ROCHE DIRECTOR 1.00 X 0 0 0 BOB TRUNZO 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 CUNA MUTUAL GROUP 5910 MINERAL POINT RD MADISON WI 537054456 MANAGEMENT AND ADMINISTRATIVE SERVICES 3184547 1 3558120 374000 3932120 APPLIED RESEARCH AND I 541720 868101 868101 OTHER PROGRAM SERVICES 541720 4375 4375 872476 29424 29424 396007 401193 -5186 -5186 -5186 4828834 872476 0 24238 X 2093 2093 30994 24583 5982 429 1935 1935 4082103 3287645 574164 220294 64318 11611 52707 99985 74709 17041 8235 169082 133997 24603 10482 234104 194780 27501 11823 163471 121455 29557 12459 72545 53898 13118 5529 12034 8941 2176 917 40080 29778 7247 3055 4972744 3941397 703324 328023 49504 15634 3826756 3924610 33435 74070 23906 8326 255906 140023 161502 115883 24397 28650 480524 446703 4600024 4613876 426208 560657 148372 175550 574580 736207 X 3964444 3773438 61000 104231 4025444 3877669 4600024 4613876 -143910 -3865 0 X 0 1 X 1 0 X 2389315 2904537 3496232 3385484 3932120 16107688 2389315 2904537 3496232 3385484 3932120 16107688 618608 15489080 27228 21379 14847 25268 29424 118146 16225834 2757528 0.95460 0.94890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8744 4554 4190 116956 75593 41363 130206 59876 70330 115883 DUE FROM SALE OF DEBT IN FOCUS 446703 446703 4824969 -3865 -3865 4828834 0 4828834 4972744 0 4972744 0 4972744 FORM 990, PART VI, SECTION A, LINE 3 THE INSTITUTE LEASES ITS EMPLOYEES, INCLUDING ITS CHIEF EXECUTIVE OFFICER, FROM CUNA MUTAL GROUP. 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 2013 THE CHIEF EXECUTIVE OFFICER RECEIVED $314,449 OF REPORTABLE COMPENSATION AND $29,705 OF OTHER COMPENSATION FROM CUNA MUTAL GROUP. FORM 990, PART VI, SECTION B, LINE 11 THE PREPARED FORM 990 IS PROVIDED TO BY 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 CUNA MUTUAL GROUP'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 CUNA MUTUAL GROUP'S COMPENSATION EXPERTS, COMPENSATION AND BENEFITS SURVEYS FROM WATSON WYATT 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 280,855. MANAGEMENT AND GENERAL EXPENSES 13,169. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 294,024. EMPLOYEE LEASING SERVICES: PROGRAM SERVICE EXPENSES 2,147,587. MANAGEMENT AND GENERAL EXPENSES 522,642. FUNDRAISING EXPENSES 220,294. TOTAL EXPENSES 2,890,523. PRINTING SERVICES: PROGRAM SERVICE EXPENSES 25,479. MANAGEMENT AND GENERAL EXPENSES 1,195. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,674. PUBLICATION SERVICES: PROGRAM SERVICE EXPENSES 142,095. MANAGEMENT AND GENERAL EXPENSES 6,663. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 148,758. RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 691,629. MANAGEMENT AND GENERAL EXPENSES 30,495. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 722,124.