Filene Research Institute Inc.

“The 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.”

“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 returns are both conducted electronically.”

“All 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.”

“The 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.”

“The institute provides its governing documents, conflict of interest policy, and financial statements to the general public upon written request.”

“Consulting/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.”