Civic Intelligence

Madison Teachers Incorporated

990 • Fiscal year 2014 • EIN 39-6060613

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 13, 2015

821 Williamson StreetMadison, WI 53703

(608) 257-0491

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.36x

Higher debt load relative to assets than 70% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

87th percentile

0.66x

Higher debt load relative to revenue than 87% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Net Margin

85th percentile

16%

Higher net margin than 85% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

92nd percentile

$328,120

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Asset Growth

72nd percentile

11%

Faster asset growth than 72% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

33rd percentile

-0.2%

Faster revenue growth than 33% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$4,492,613

Up $459,801 (+11%) from 2013

Net Assets

Up

$2,886,517

Up $438,442 (+18%) from 2013

Liabilities

Up

$1,606,096

Up $21,359 (+1.3%) from 2013

Revenue

Down

$2,439,089

Down $4,093 (-0.2%) from 2013

Expenses

Up

$2,051,016

Up $28,807 (+1.4%) from 2013

Net Income

Down

$388,073

Down $32,900 (-7.8%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $2,880,815Liabilities 2010: $1,302,471Net Assets 2010: $1,578,3442010Assets 2011: $3,208,825Liabilities 2011: $1,440,956Net Assets 2011: $1,767,8692011Assets 2012: $3,389,953Liabilities 2012: $1,396,201Net Assets 2012: $1,993,7522012Assets 2013: $4,032,812Liabilities 2013: $1,584,737Net Assets 2013: $2,448,0752013Assets 2014: $4,492,613Liabilities 2014: $1,606,096Net Assets 2014: $2,886,5172014Assets 2015: $4,870,005Liabilities 2015: $1,697,263Net Assets 2015: $3,172,7422015Assets 2016: $4,929,993Liabilities 2016: $1,241,302Net Assets 2016: $3,688,6912016Assets 2017: $5,348,311Liabilities 2017: $1,265,008Net Assets 2017: $4,083,3032017Assets 2018: $5,684,523Liabilities 2018: $1,586,855Net Assets 2018: $4,097,6682018Assets 2019: $5,412,342Liabilities 2019: $1,376,252Net Assets 2019: $4,036,0902019Assets 2020: $5,322,462Liabilities 2020: $1,550,051Net Assets 2020: $3,772,4112020Assets 2021: $5,547,688Liabilities 2021: $1,838,580Net Assets 2021: $3,709,1082021Assets 2022: $5,061,255Liabilities 2022: $1,321,523Net Assets 2022: $3,739,7322022Assets 2023: $5,131,886Liabilities 2023: $1,261,947Net Assets 2023: $3,869,9392023Assets 2024: $5,231,024Liabilities 2024: $1,222,918Net Assets 2024: $4,008,1062024

Highlighted filing

2014

Assets$4,492,613
Liabilities$1,606,096
Net Assets$2,886,517

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,200,8642010Expenses 2011: $2,553,5892011Expenses 2012: $2,430,5792012Revenue 2013: $2,443,182Expenses 2013: $2,022,209Net Income 2013: $420,9732013Revenue 2014: $2,439,089Expenses 2014: $2,051,016Net Income 2014: $388,0732014Revenue 2015: $2,217,996Expenses 2015: $1,836,091Net Income 2015: $381,9052015Revenue 2016: $2,287,619Expenses 2016: $1,693,908Net Income 2016: $593,7112016Revenue 2017: $1,566,947Expenses 2017: $1,868,090Net Income 2017: -$301,1432017Revenue 2018: $1,565,602Expenses 2018: $1,545,464Net Income 2018: $20,1382018Revenue 2019: $1,460,897Expenses 2019: $1,483,406Net Income 2019: -$22,5092019Revenue 2020: $1,525,592Expenses 2020: $1,873,316Net Income 2020: -$347,7242020Revenue 2021: $1,893,322Expenses 2021: $2,053,543Net Income 2021: -$160,2212021Revenue 2022: $1,591,815Expenses 2022: $1,534,165Net Income 2022: $57,6502022Revenue 2023: $1,463,905Expenses 2023: $1,350,253Net Income 2023: $113,6522023Revenue 2024: $1,502,261Expenses 2024: $1,268,113Net Income 2024: $234,1482024

Highlighted filing

2014

Revenue$2,439,089
Expenses$2,051,016
Net Income$388,073
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 13, 2015
Return Version
2013v4.0
Gross Receipts
$2,439,089
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.

Promote the interests of education, the teaching profession, and members of collective bargaining units.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,146,195$3,542,340▲ $396,145
Accounts Receivable$120,523$70,426▼ $50,097
Prepaid Expenses and Deferred Charges$19,716$17,443▼ $2,273
Land, Buildings, and Equipment, Net$8,397$4,642▼ $3,755
Cash and Non-Interest-Bearing Accounts$200$200→ $0
Total Assets$4,032,812$4,492,613▲ $459,801
Other Assets Total$737,781$857,562▲ $119,781
Liabilities
Other Liabilities$1,039,264$1,069,572▲ $30,308
Accounts Payable and Accrued Expenses$524,000$535,904▲ $11,904
Deferred Revenue$13,430$0▼ $13,430
Mortgage Notes Payable Secured by Investment Property$8,043$620▼ $7,423
Total Liabilities$1,584,737$1,606,096▲ $21,359
Net Assets / Fund Balance
Unrestricted Net Assets$2,435,678$2,874,692▲ $439,014
Temporarily Rstr Net Assets$12,397$11,825▼ $572
Total Net Assets Fund Balance$2,448,075$2,886,517▲ $438,442
Total Liabilities and Net Assets / Fund Balance$4,032,812$4,492,613▲ $459,801

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,642$146,957$151,599
Other Assets Org$166,918--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John MatthewsExecutive DirectorFT$203,714$124,406$328,120
Douglas KeillorAssistant to Executive DirectorFT$108,634$57,978$166,612
Yvonne KnocheOffice ManagerFT$77,946$50,425$128,371

Board Members and Trustees

NameTitle
Mike LippBoard President
Peggy CoyneBoard President Elect/past President
Art CamosyBoard Vice President
Andrew WaityBoard Member
Karen ViethBoard Member
Kira FobbsBoard Member
Lauren MikolBoard Member
Maria CavicchioBoard Member (thru October)
Liz DonnellyBoard Secretary
Greg ValleeBoard Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cullen Weston Pines & BachLegal Services-$387,937
Revenue and Support

Revenue Composition

Contributions and Grants
$2,587
Program Service Revenue
$2,374,196
Investment Income
$57,286
Other Revenue
$5,020
All Other Contributions
$2,587
Change in Net Assets
$388,073

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,439,089
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$49,794
Total Revenue per Audited Statements
$2,488,883
Total Revenue per Form 990
$2,439,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,469,720
Other Expenses$581,296
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$536,194
Current Officers, Directors, Trustees, and Key Employees---$421,667
Fees for Services Legal---$343,111
Pension Plan Contributions---$242,178
Other Employee Benefits---$207,746
Payroll Taxes---$61,935
Office Expenses---$55,271
Other Expenses---$45,351
Occupancy---$28,800
Conferences and Meetings---$12,090
Travel---$11,774
Fees for Services Other---$11,349
Fees for Services Accounting---$4,050
Depreciation Depletion---$3,754
Total Functional Expenses$0$0$0$2,051,016

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,051,016
Total Expenses per Audited Statements$2,051,016
Total Expenses per Form 990$2,051,016
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation$703,114
Funds Due to Other Organizations$366,458
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

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, and the national education association. Active members of the organization have the following rights: (1)the right to vote, to hold office, to serve on committees, to serve as faculty representatives, to officially represent, with its approval, the corporation. (2)any member of the corporation 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. Retired members: retired membership shall be available to former members of madison teachers incorporated (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.

Form 990, Part VI, Section A, Line 7A

The board of directors consists of six officers elected annually by the members at-large and at-large members elected by the madison teachers incorporated 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.

Form 990, Part VI, Section A, Line 7B

Active members vote on ratification of the collective bargaining agreement and to establish the annual dues.

Form 990, Part VI, Section B, Line 11

The board does not review madison teachers incorporation's form 990, however, management reviews the form 990 before it is filed with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

The written conflict of interest policy is distributed to new employees and madison teachers incorporation's 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.

Form 990, Part VI, Section B, Line 15

Madison teachers incorporation's bylaws are adopted by madison teachers incorporation'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 incorporation'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 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.

Form 990, Part VI, Section C, Line 19

While the organization does make its by-laws available to the public on its website, madison teachers incorporated's articles of incorporation, conflict of interest policy and financial statements are not available to the public.

Filing and Contact Details

Filer

EIN
39-6060613
Phone
6082570491

Signing Officer

Name
Greg Vallee
Title
Treasurer
Phone
6082570491
Signed
2015-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Matthews
Formed
1964
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
9
Employees
10
Volunteers
11

Preparer

Preparer
Jean Christensen
Phone
6082741980
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in net assets - mti building corp. 575. Change in cash surrender value 5,479.

Financial Statement Notes

PART X, LINE 2:

Madison teachers incorporated (mti) 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. Mti 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, 2011, and thereafter remain subject to examination by the internal revenue service.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in cash surrender value 5,479.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER (THRU OCTOBER)
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD PRESIDENT ELECT/PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11OFFICE MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt12ASSISTANT TO EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01964
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02439089
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt057286
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt057286
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0146957
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08397
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04642
IRS990/LandBldgEquipCostOrOtherBssAmt0151599
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MADISON 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 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; TO ENCOURAGE TEACHERS AND ALL OTHERS WHO ARE REPRESENTED BY THIS CORPORATION TO EXERCISE THEIR RESPONSIBILITIES AS CITIZENS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt08043
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0620
IRS990/NetAssetsOrFundBalancesBOYAmt02448075
IRS990/NetAssetsOrFundBalancesEOYAmt02886517
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt044315
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/TotalAmt028800
IRS990/OfficeExpensesGrp/TotalAmt055271
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0737781
IRS990/OtherAssetsTotalGrp/EOYAmt0857562
IRS990/OtherChangesInNetAssetsAmt06054
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0207746
IRS990/OtherExpensesGrp/Desc0DUES PAID TO OTHER ORGS
IRS990/OtherExpensesGrp/Desc1COMMITTEES EXPENSE
IRS990/OtherExpensesGrp/TotalAmt065746
IRS990/OtherExpensesGrp/TotalAmt145351
IRS990/OtherLiabilitiesGrp/BOYAmt01039264
IRS990/OtherLiabilitiesGrp/EOYAmt01069572
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0SOCIAL EVENTS
IRS990/OtherRevenueMiscGrp/ExclusionAmt05020
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05020
IRS990/OtherRevenueTotalAmt05020
IRS990/OtherSalariesAndWagesGrp/TotalAmt0536194
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt061935
IRS990/PensionPlanContributionsGrp/TotalAmt0242178
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019716
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017443
IRS990/PrincipalOfficerNm0JOHN MATTHEWS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1541100
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1WEAC LEGAL REIMBURSEMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02046668
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1327528
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02046668
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1327528
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02935
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt038379
IRS990/PYOtherExpensesAmt0629327
IRS990/PYOtherRevenueAmt04443
IRS990/PYProgramServiceRevenueAmt02397425
IRS990/PYRevenuesLessExpensesAmt0420973
IRS990/PYSalariesCompEmpBnftPaidAmt01392882
IRS990/PYTotalExpensesAmt02022209
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02443182
IRS990/ReconcilationRevenueExpnssAmt0388073
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03146195
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03542340
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt04642
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0146957
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0151599
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02051016
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt044315
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt083418
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1607226
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2166918
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH SURRENDER VALUE OF LIFE INSURANCE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INVESTMENT IN VARIABLE ANNUITY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM MTI BUILDING CORP.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0366458
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1703114
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS DUE TO OTHER ORGANIZATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED COMPENSATION
IRS990ScheduleD/OtherRevenueAmt05479
IRS990ScheduleD/RevenueNotReportedAmt049794
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02439089
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MADISON TEACHERS INCORPORATED (MTI) 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. MTI 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, 2011, AND THEREAFTER REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN CASH SURRENDER VALUE 5,479.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04642
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0857562
IRS990ScheduleD/TotalExpensesPerForm990Amt02051016
IRS990ScheduleD/TotalLiabilityAmt01069572
IRS990ScheduleD/TotalRevenuePerForm990Amt02439089
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02488883
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02051016
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0203714
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1108634
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt08697
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt052540
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt125871
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt031391
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt130883
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt040475
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt11224
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN MATTHEWS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DOUGLAS KEILLOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1ASSISTANT TO EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0328120
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1166612
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CLASSES 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, AND THE NATIONAL EDUCATION ASSOCIATION. ACTIVE MEMBERS OF THE ORGANIZATION HAVE THE FOLLOWING RIGHTS: (1)THE RIGHT TO VOTE, TO HOLD OFFICE, TO SERVE ON COMMITTEES, TO SERVE AS FACULTY REPRESENTATIVES, TO OFFICIALLY REPRESENT, WITH ITS APPROVAL, THE CORPORATION. (2)ANY MEMBER OF THE CORPORATION 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. RETIRED MEMBERS: RETIRED MEMBERSHIP SHALL BE AVAILABLE TO FORMER MEMBERS OF MADISON TEACHERS INCORPORATED (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/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS CONSISTS OF SIX OFFICERS ELECTED ANNUALLY BY THE MEMBERS AT-LARGE AND AT-LARGE MEMBERS ELECTED BY THE MADISON TEACHERS INCORPORATED 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/SupplementalInformationDetail/ExplanationTxt2ACTIVE MEMBERS VOTE ON RATIFICATION OF THE COLLECTIVE BARGAINING AGREEMENT AND TO ESTABLISH THE ANNUAL DUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD DOES NOT REVIEW MADISON TEACHERS INCORPORATION'S FORM 990, HOWEVER, MANAGEMENT REVIEWS THE FORM 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE WRITTEN CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO NEW EMPLOYEES AND MADISON TEACHERS INCORPORATION'S 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/SupplementalInformationDetail/ExplanationTxt5MADISON TEACHERS INCORPORATION'S BYLAWS ARE ADOPTED BY MADISON TEACHERS INCORPORATION'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 INCORPORATION'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 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/SupplementalInformationDetail/ExplanationTxt6WHILE THE ORGANIZATION DOES MAKE ITS BY-LAWS AVAILABLE TO THE PUBLIC ON ITS WEBSITE, MADISON TEACHERS INCORPORATED'S ARTICLES OF INCORPORATION, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CHANGE IN NET ASSETS - MTI BUILDING CORP. 575. CHANGE IN CASH SURRENDER VALUE 5,479.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10MADISON TEACHERS INCORPORATED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10MTI BUILDING CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11MTI VOTERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0391378437
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1392015375
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1527

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.23$1.22$4.01$1.50$1.27$0.23
2023Detailed filing. Detailed filing data is available for this year.$5.13$1.26$3.87$1.46$1.35$0.11
2022Detailed filing. Detailed filing data is available for this year.$5.06$1.32$3.74$1.59$1.53$0.06
2021Detailed filing. Detailed filing data is available for this year.$5.55$1.84$3.71$1.89$2.05$0.16
2020Detailed filing. Detailed filing data is available for this year.$5.32$1.55$3.77$1.53$1.87$0.35
2019Detailed filing. Detailed filing data is available for this year.$5.41$1.38$4.04$1.46$1.48$0.02
2018Detailed filing. Detailed filing data is available for this year.$5.68$1.59$4.10$1.57$1.55$0.02
2017Detailed filing. Detailed filing data is available for this year.$5.35$1.27$4.08$1.57$1.87$0.30
2016Detailed filing. Detailed filing data is available for this year.$4.93$1.24$3.69$2.29$1.69$0.59
2015Detailed filing. Detailed filing data is available for this year.$4.87$1.70$3.17$2.22$1.84$0.38
2014Detailed filing. Detailed filing data is available for this year.$4.49$1.61$2.89$2.44$2.05$0.39
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.03$1.58$2.45$2.44$2.02$0.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.39$1.40$1.99$2.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$1.44$1.77$2.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.88$1.30$1.58$2.20