Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
Madison Teachers Incorporated
990 • Fiscal year 2012 • EIN 39-6060613
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.41x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
58th percentile
Faster asset growth than 58% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Up$3,389,953
Up $181,128 (+5.6%) from 2011
Net Assets
Up$1,993,752
Up $225,883 (+13%) from 2011
Liabilities
Down$1,396,201
Down $44,755 (-3.1%) from 2011
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Down$2,430,579
Down $123,010 (-4.8%) from 2011
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2011 to Jun 30, 2012
- Signed
- Apr 18, 2013
- Return Version
- 2011v1.5
- Gross Receipts
- $2,694,882
Mission and Program Overview
Mission
Madison teachers incorporated (mti) is a labor union representing teachers, substitute teachers, educational assistants, clerical/technical employees, and school security assistants who are employed by the madison metropolitan school district. Mti was formed to promote the interests of education, the teaching profession, and the members of the collective bargaining units which are affiliates of the corporation; to strengthen the welfare status of the teachers and members of the collective bargaining units which are affiliates of this corporation and to enable such individuals to speak with a common voice on matters of interest to them; to promote a spirit of professional ethics; to create in the community a deeper sense of the worth and dignity of the teaching profession and all others who are represented by the corporation; to encourage teachers and all others who are represented by the corporation to exercise their responsibilities as citizens.
Filing and Contact Details
Filer
- EIN
- 39-6060613
Raw XML AppendixShowing 400 of 497 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivityOrMissionDescription | 0 | PROMOTE THE INTERESTS OF EDUCATION, THE TEACHING PROFESSION, AND MEMBERS OF COLLECTIVE BARGAINING UNITS. |
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| IRS990/MissionDescription | 0 | MADISON TEACHERS INC. (MTI) IS A LABOR UNION REPRESENTING TEACHERS, SUBSTITUTE TEACHERS, EDUCATIONAL ASSISTANTS, CLERICAL/TECHNICAL EMPLOYEES, AND SCHOOL SECURITY ASSISTANTS WHO ARE EMPLOYED BY THE MADISON METROPOLITAN SCHOOL DISTRICT. MTI WAS FORMED TO PROMOTE THE INTERESTS OF EDUCATION, THE TEACHING PROFESSION, AND THE MEMBERS OF THE COLLECTIVE BARGAINING UNITS WHICH ARE AFFILIATES OF THIS CORPORATION; TO STRENGTHEN THE WELFARE STATUS OF THE TEACHERS AND MEMBERS OF THE COLLECTIVE BARGAINING UNITS WHICH ARE AFFILIATES OF THIS CORPORATION AND TO ENABLE SUCH INDIVIDUALS TO SPEAK WITH A COMMON VOICE ON MATTERS OF INTEREST TO THEM; TO PROMOTE A SPIRIT OF PROFESSIONAL ETHICS; TO CREATE IN THE COMMUNITY A DEEPER SENSE OF THE WORTH AND DIGNITY OF THE TEACHING PROFESSION AND ALL OTHERS WHO ARE REPRESENTED BY THIS CORPORATION; AND TO ENCOURAGE TEACHERS AND ALL OTHERS WHO ARE REPRESENTED BY THIS CORPORATION TO EXERCISE THEIR RESPONSIBILITIES AS CITIZENS. |
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| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | MADISON TEACHERS INC. IS REQUIRED TO ASSESS WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. MADISON TEACHERS INC. HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. FEDERAL RETURNS FOR THE FISCAL YEARS ENDED JUNE 30, 2009, AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. |
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| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 4 | LOSS ON DISPOSITION OF EQUIPMENT 777. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 5 | EXCESS OF EXPENSES OVER CONTRIBUTIONS - SOLIDARITY FUND 20. |
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| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 4 | PART XIII, LINE 2D - OTHER ADJUSTMENTS: |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | ARTICLE III, SECTION 2, GENERAL MEMBERSHIP MEETINGS: THE FACULTY REPRESENTATIVE COUNCIL OR THE BOARD OF DIRECTORS MAY CALL A MEETING OF THE MEMBERS OF ALL MTI UNITS. (1) NOTICE OF THE GENERAL MEMBERSHIP MEETING(S) SHALL BE GIVEN AT LEAST TWO WEEKS IN ADVANCE OF THE DATE OF THE MEETING, UNLESS NOTICE HAS BEEN SPECIFICALLY WAIVED BY ACTION OF THE FACULTY REPRESENTATIVE COUNCIL OR THE BOARD OF DIRECTORS. (2) A QUORUM FOR SAID MEETING SHALL BE ONE-HUNDRED MEMBERS. (3) NO ITEM OF BUSINESS SHALL BE VOTED ON WHICH WAS NOT ON THE AGENDA AS PREPARED BY THE EXECUTIVE DIRECTOR, OR ON THE AGENDA WHICH HAS BEEN APPROVED AND/OR AMENDED AND APPROVED BY THE MEMBERS PRESENT AT THE MEETING. ACTION ITEMS PRESENTED TO A GENERAL MEETING OF THE MEMBERS OF ALL MTI BARGAINING UNITS, AS DESCRIBED HEREIN WHICH CANNOT BE ACTED UPON DUE TO THE ABSENCE OF A QUORUM MAY BE ACTED UPON BY THE MTI JOINT FISCAL GROUP OR BY A JOINT MEETING OF THE BOARDS OF DIRECTORS OF THE MTI UNITS. ARTICLE VI, JOINT FISCAL GROUP, SECTION 1: THE JOINT FISCAL GROUP SHALL BE RESPONSIBLE FOR ADOPTING THE ANNUAL BUDGET FOR THE CORPORATION, VOTING ON CONTRACTS PURSUANT TO ARTICLE VII, SECTION 3, AND ACTING ON BUSINESS WHICH COULD NOT BE ACTED UPON AT A GENERAL MEETING OF ALL MTI BARGAINING UNITS (PER ARTICLE III: SECTION 2) BECAUSE OF A QUORUM NOT BEING PRESENT. IT SHALL CONSIST OF THE MEMBERS OF THE MTI FACULTY REPRESENTATIVE COUNCIL AND PROPORTIONATE REPRESENTATIVES FROM EACH OF MTI'S AFFILIATES, AS DEFINED IN ARTICLE XVIII; I.E. ONE ELECTED REPRESENTATIVE FOR EACH FIFTEEN MEMBERS OR A MAJOR FRACTION THEREOF. ELECTIONS ARE TO BE CONDUCTED IN ACCORDANCE WITH THE BYLAWS OF THE AFFILIATE. THE PRESIDENT OF MTI SHALL SERVE AS CHAIRPERSON OF THE JOINT FISCAL GROUP. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | CLASSES OF MEMBERSHIP INCLUDE ACTIVE MEMBERS AND RETIRED MEMBERS. ACTIVE MEMBERS: ACTIVE MEMBERSHIP IN THE CORPORATION SHALL BE OPEN TO ALL PROFESSIONAL PERSONNEL EMPLOYED BY THE MADISON METROPOLITAN SCHOOL DISTRICT IN THE "TEACHER" COLLECTIVE BARGAINING UNIT OF MADISON TEACHERS INCORPORATED, WHO AGREE TO ABIDE BY THE ETHICS OF THE EDUCATION PROFESSION; AND WHO ARE ALSO MEMBERS OF THE WISCONSIN EDUCATION ASSOCIATION, INCORPORATED, THE NATIONAL EDUCATION ASSOCIATION, AND THE SOUTHERN WISCONSIN EDUCATION IN-SERVICE ORGANIZATION. ACTIVE MEMBERS OF THE ORGANIZATION HAVE THE FOLLOWING RIGHTS: (1)THE RIGHT TO VOTE, TO HOLD OFFICE, TO SERVICE ON COMMITTEES, TO SERVE AS FACULTY REPRESENTATIVES, TO OFFICIALLY REPRESENT, WITH ITS APPROVAL, THE CORPORATION. (2)ANY MEMBER OF THE COPORATION WHO IS NOT A MEMBER OF THE REPRESENTATIVE COUNCIL MAY ATTEND MEETINGS OF THE REPRESENTATIVE COUNCIL AND MAY SPEAK PROVIDED THAT SUCH MEMBER IS RECOGNIZED BY THE CHAIR. (3)ANY ACTIVE MEMBER WHO HAS A COMPLAINT OR GRIEVANCE CONCERNING THE PERFORMANCE OF ANY COMMITTEE OR COMMITTEE MEMBER, MAY SUBMIT IT IN WRITING TO THE CHAIRPERSON OF THE COMMITTEE. IF THE PROBLEM IS NOT RESOLVED IT SHOULD BE SENT IN WRITING, ALONG WITH THE COMMITTEE CHAIRPERSON'S COMMENTS TO THE PRESIDENT WHO MAY TAKE WHATEVER ACTION SHE/HE DEEMS NECESSARY. (4)SUCH MEMBERS MAY SERVE ON ANY BODY OF THE UNION TO WHICH HE/SHE IS ELECTED OR APPOINTED, IN ACCORDANCE WITH THESE BYLAWS. RETIRED MEMBERS: RETIRED MEMBERSHIP SHALL BE AVAILABLE TO FORMER MEMBERS OF MADISON TEACHERS INC. (MTI) WHO PAY RETIRED DUES AS SET BY THE COUNCIL. RETIRED MEMBERS SHALL BE ENTITLED TO RECEIVE MTI PUBLICATIONS, TO ATTEND SOCIAL FUNCTIONS, AND TO RECEIVE SUCH OTHER RIGHTS AND PRIVILEGES AS MAY BE CONFERRED BY THE COUNCIL. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | THE BOARD OF DIRECTORS CONSISTS OF SIX OFFICERS ELECTED ANNUALLY BY THE MEMBERS AT-LARGE AND AT-LARGE MEMBERS ELECTED BY THE MADISON TEACHERS, INC. FACULTY REPRESENTATIVE COUNCIL. THE LATTER CONSISTS OF REPRESENTATIVES ELECTED BY ACTIVE MEMBERS AT EACH WORK SITE AND IS THE POLICY-MAKING BODY OF THE CORPORATION. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | ACTIVE MEMBERS VOTE ON RATIFICATION OF THE COLLECTIVE BARGAINING AGREEMENT AND TO ESTABLISH THE ANNUAL DUES. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | THE BOARD DOES NOT REVIEW MADISON TEACHERS INC.'S FORM 990, HOWEVER, MANAGEMENT REVIEWS THE FORM 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | THE WRITTEN CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO NEW EMPLOYEES AND MADISON TEACHER'S INC BOARD MEMBERS. OFFICERS, STAFF AND BOARD MEMBERS ARE ASKED ANNUALLY TO DISCLOSE ANY RELATIONSHIPS OR ACTIONS WHICH MIGHT RESULT IN, OR CREATE THE APPEARANCE OF A CONFLICT OF INTEREST. WHERE THERE IS A QUESTION OF CONFLICT OF INTEREST THE MATTER SHALL BE BROUGHT TO THE IMMEDIATE ATTENTION OF THE BOARD OF DIRECTORS TO DETERMINE IF A CONFLICT EXISTS. ANY PERSONS WITH A CONFLICT SHALL BE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | MADISON TEACHERS INC.'S BYLAWS ARE ADOPTED BY MADISON TEACHERS INC.'S ELECTED POLICY MAKING BODY, THE FACULTY REPRESENTATIVE COUNCIL. ARTICLE VII OF THE BYLAWS CREATES THE CABINET ON PERSONNEL. IT CONSISTS OF THE PRESIDENTS OF EACH OF MADISON TEACHERS INC.'S BARGAINING UNITS, THE CORPORATE TREASURER AND FOUR INDIVIDUALS ELECTED BY THE MTI FACULTY REPRESENTATIVE COUNCIL. THE CABINET ON PERSONNEL IS CHARGED WITH THE DEVELOPMENT OF THE CORPORATION'S PERSONNEL POLICIES, THE EMPLOYMENT OF THE EXECUTIVE DIRECTOR AND WITH THE AUTHORITY TO NEGOTIATE CONTRACTS WITH STAFF OR THEIR AGENTS. ALL CONTRACTS ARE SUBJECT TO APPROVAL BY THE BOARD OF A MAJORITY OF THE BARGAINING UNITS OR THE JOINT FISCAL GROUP, A BODY CONSISTING OF ELECTED REPRESENTATIVES OF ALL BARGAINING UNITS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 7 | WHILE THE ORGANIZATION DOES MAKE ITS BY-LAWS AVAILABLE TO THE PUBLIC ON ITS WEBSITE, MADISON TEACHER'S INC.'S ARTICLES OF INCORPORATION, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 8 | NET UNREALIZED LOSSES ON INVESTMENTS: -20,858. CHANGE IN NET ASSETS RELATED TO MTI BUILDING CORPORATION 3,516. TOTAL TO FORM 990, PART XI, LINE 5: -17,342. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | CHANGES IN NET ASSETS OR FUND BALANCES: |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PART VI, SECTION A, LINE 4 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 6 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 7 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 8 | FORM 990, PART XI, LINE 5: |
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Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $3,389,953
- Liabilities
- $1,396,201
- Net assets
- $1,993,752
- Revenue
- -
- Expenses
- $2,430,579
- Net income
- -