Nonprofit · EIN 39-1645910
FILENE RESEARCH INSTITUTE INC
Tax-exempt · MADISON, WI 53705
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $10,923,611 | $10,195,724 | $727,887 | $16,394,593 | $2,083,388 | $14,311,205 |
| June 30, 2024 | 990 | $9,098,907 | $9,163,206 | -$64,299 | $15,454,499 | $2,160,943 | $13,293,556 |
| June 30, 2023 | 990 | $8,172,458 | $8,444,014 | -$271,556 | $15,248,471 | $2,278,852 | $12,969,619 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $9,624,573
- Membership dues
- $2,309,477
- Program service revenue
- $1,009,806
- Investment income
- $289,232
- Net gain from sales of assets
- $11,586
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $40,199
- Accounting fees
- $69,387
- Occupancy
- $42,986
- Travel
- $872,797
- Depreciation
- $101,499
- Program services (functional)
- $7,690,933
- Management and general (functional)
- $1,061,977
- Fundraising (functional)
- $1,442,814
Balance sheet and other
- Total assets, start of year
- $15,454,499
- Total assets, end of year
- $16,394,593
- Total liabilities, end of year
- $2,083,388
- Net assets, end of year
- $14,311,205
- Land, buildings and equipment
- $158,514
- Publicly traded securities
- $974,398
- Net assets without donor restrictions
- $4,179,937
- Net assets with donor restrictions
- $10,131,268
- Gross receipts
- $11,715,661
- Employees
- 0
- Volunteers
- 11
- Year formed
- 1989
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| APRIL CLOBES | CHAIR Trustee or director, Officer | 1 | $0 |
| TY MUSE | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| KEVIN JOHNSON | TREASURER Trustee or director, Officer | 1 | $0 |
| KEITH SULTEMEIER | DIRECTOR Trustee or director | 1 | $0 |
| MIKE SCHENK | DIRECTOR Trustee or director | 1 | $0 |
| TONITA WEBB | DIRECTOR Trustee or director | 1 | $0 |
| BILL CHENEY | DIRECTOR Trustee or director | 1 | $0 |
| PATTY CAMPBELL | DIRECTOR Trustee or director | 1 | $0 |
| LILY NEWFARMER | DIRECTOR Trustee or director | 1 | $0 |
| MARK MEYER | PRESIDENT & CHIEF EXECUTIVE OFFICER Officer | 60 | $0 |
| JEREMY TOLLEFSON | DIR OF EXECUTIVE RELATIONS/SECRETARY Officer | 40 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| APRIL CLOBES | CHAIR Trustee or director, Officer | 1 | $0 |
| TY MUSE | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| KEVIN JOHNSON | TREASURER Trustee or director, Officer | 1 | $0 |
| KEITH SULTEMEIER | DIRECTOR Trustee or director | 1 | $0 |
| MIKE SCHENK | DIRECTOR Trustee or director | 1 | $0 |
| TONITA WEBB | DIRECTOR Trustee or director | 1 | $0 |
| ROB PURTELL | DIRECTOR (THRU AUGUST) Trustee or director | 1 | $0 |
| BILL CHENEY | DIRECTOR Trustee or director | 1 | $0 |
| PATTY CAMPBELL | DIRECTOR Trustee or director | 1 | $0 |
| LILY NEWFARMER | DIRECTOR Trustee or director | 1 | $0 |
| MARK MEYER | PRESIDENT & CHIEF EXECUTIVE OFFICER Officer | 60 | $0 |
| JEREMY TOLLEFSON | DIR OF EXECUTIVE RELATIONS/SECRETARY Officer | 40 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH SULTEMEIER | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| APRIL CLOBES | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| TY MUSE | TREASURER Trustee or director, Officer | 1 | $0 |
| TRACIE KENYON | DIRECTOR (THRU JANUARY) Trustee or director | 1 | $0 |
| MIKE SCHENK | DIRECTOR Trustee or director | 1 | $0 |
| MAURICE SMITH | DIRECTOR (THRU AUGUST) Trustee or director | 1 | $0 |
| ROB PURTELL | DIRECTOR Trustee or director | 1 | $0 |
| BILL CHENEY | DIRECTOR Trustee or director | 1 | $0 |
| PATTY CAMPBELL | DIRECTOR Trustee or director | 1 | $0 |
| LILY NEWFARMER | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| MARK MEYER | PRESIDENT & CHIEF EXECUTIVE OFFICER Officer | 60 | $0 |
| PATSY STEWART | CHIEF FINANCE & OPERATIONS OFFICER Officer | 50 | $0 |
| JEREMY TOLLEFSON | DIR OF EXECUTIVE RELATIONS/SECRETARY Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 5910 MINERAL POINT RD, MADISON, WI 53705-4456
- Principal officer (990 for 2024)
- MARK MEYER, 5910 MINERAL POINT ROAD, MADISON, WI 53705
- Signed the 990
- MARK MEYER, PRESIDENT & CHIEF EXECUTIVE OFFICER
- Phone
- (608) 661-3740
- Website
- FILENE.ORG
- Return prepared by
- WEGNER CPAS LLP
Mission
STRENGTHENING ORGANIZATIONS THROUGH INNOVATIVE RESEARCH & INCUBATION TO IMPROVE CONSUMER FINANCIAL WELL-BEING.
Program accomplishments
- RESEARCH 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.Expenses $4,392,706 · revenue $925,678
- OUTREACH 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.Expenses $3,298,227 · revenue $84,128
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1645910
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W60E)
- Assets (IRS master file)
- $16,394,593
- Income (IRS master file)
- $11,715,661
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $10,923,611 | $10,195,724 | $16,394,593 | XML |
| 990 | June 2024 | $9,098,907 | $9,163,206 | $15,454,499 | XML |
| 990 | June 2023 | $8,172,458 | $8,444,014 | $15,248,471 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1645910).
Questions about FILENE RESEARCH INSTITUTE INC
- What is the EIN of FILENE RESEARCH INSTITUTE INC?
- The employer identification number (EIN) of FILENE RESEARCH INSTITUTE INC is 39-1645910.
- Is FILENE RESEARCH INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to FILENE RESEARCH INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FILENE RESEARCH INSTITUTE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FILENE RESEARCH INSTITUTE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FILENE RESEARCH INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FILENE RESEARCH INSTITUTE INC?
- The 990 for the year ended June 30, 2025 names MARK MEYER.
- Who are the officers and directors of FILENE RESEARCH INSTITUTE INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does FILENE RESEARCH INSTITUTE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $10,923,611, expenses of $10,195,724 and total assets of $16,394,593 at year end.
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