Civic Intelligence

Madison Teachers Incorporated

990 • Fiscal year 2018 • EIN 39-6060613

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 29, 2019

33 Nob Hill RoadMadison, WI 53713

(608) 257-0491

Siviq Scores

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

Liabilities / Assets

57th percentile

0.28x

Higher debt load relative to assets than 57% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

1.01x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Net Margin

38th percentile

1.3%

Higher net margin than 38% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

49th percentile

$260,928

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 16.7% of source-year revenue.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Asset Growth

66th percentile

6.3%

Faster asset growth than 66% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

32nd percentile

-0.1%

Faster revenue growth than 32% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$5,684,523

Up $336,212 (+6.3%) from 2017

Net Assets

Up

$4,097,668

Up $14,365 (+0.4%) from 2017

Liabilities

Up

$1,586,855

Up $321,847 (+25%) from 2017

Revenue

Down

$1,565,602

Down $1,345 (-0.1%) from 2017

Expenses

Down

$1,545,464

Down $322,626 (-17%) from 2017

Net Income

Up

$20,138

Up $321,281 (+107%) from 2017

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

2018

Assets$5,684,523
Liabilities$1,586,855
Net Assets$4,097,668

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

2018

Revenue$1,565,602
Expenses$1,545,464
Net Income$20,138
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 29, 2019
Return Version
2017v2.3
Gross Receipts
$1,565,602
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,174,967$4,599,112▲ $1,424,145
Cash and Non-Interest-Bearing Accounts$587,122$222,394▼ $364,728
Land, Buildings, and Equipment, Net$19,718$81,886▲ $62,168
Prepaid Expenses and Deferred Charges$7,236$10,680▲ $3,444
Accounts Receivable$26,814$10,302▼ $16,512
Other Notes and Loans Receivable, Net$8,955$4,710▼ $4,245
Total Assets$5,348,311$5,684,523▲ $336,212
Other Assets Total$1,523,499$755,439▼ $768,060
Liabilities
Other Liabilities$1,004,205$994,852▼ $9,353
Accounts Payable and Accrued Expenses$259,749$354,226▲ $94,477
Escrow Account Liability$0$237,777▲ $237,777
Deferred Revenue$1,054$0▼ $1,054
Total Liabilities$1,265,008$1,586,855▲ $321,847
Net Assets / Fund Balance
Unrestricted Net Assets$4,052,578$4,069,493▲ $16,915
Temporarily Rstr Net Assets$30,725$28,175▼ $2,550
Total Net Assets Fund Balance$4,083,303$4,097,668▲ $14,365
Total Liabilities and Net Assets / Fund Balance$5,348,311$5,684,523▲ $336,212

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$81,886$100,372$182,258
Other Assets Org$755,439--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John MatthewsFormer Executive Director-$144,827$116,101$260,928
Douglas KeillorExecutive DirectorFT$122,205$61,632$183,837
Jeffery KnightExecutive Assistant, Labor RelationsFT$100,339$46,987$147,326
Yvonne KnocheOffice ManagerFT$80,618$53,758$134,376

Board Members and Trustees

NameTitle
Kerry MotoviloffBoard Past-president
Andrew WaityBoard President
Michael JonesBoard Vice-president (beg June)
Karen ViethBoard Vice-president (thru May)
Cari FalkBoard Secretary
Andy MayhallBoard Treasurer
Jessica HotzMember-at-large
Kira FobbsMember-at-large
Pete OppsMember-at-large
Nichole Von HadenMember-at-large (thru October)

Highest Paid Contractors

ContractorServicesLocationCompensation
Pines Bach LLPLegal Services122 W WASHINGTON AVE STE 900, Madison, WI 53703$177,604
Revenue and Support

Revenue Composition

Contributions and Grants
$425
Program Service Revenue
$1,546,020
Investment Income
$13,997
Other Revenue
$5,160
All Other Contributions
$425
Change in Net Assets
$20,138

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,565,602
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-5,773
Total Revenue per Audited Statements
$1,559,829
Total Revenue per Form 990
$1,565,602
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,113,517
Other Expenses$431,947
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$436,314
Current Officers, Directors, Trustees, and Key Employees---$315,860
Other Employee Benefits---$234,632
Fees for Services Legal---$176,105
Office Expenses---$82,998
Pension Plan Contributions---$71,313
Payroll Taxes---$55,398
Occupancy---$27,885
Fees for Services Other---$24,603
Other Expenses---$17,824
Depreciation Depletion---$11,512
Conferences and Meetings---$10,791
Fees for Services Accounting---$8,550
Travel---$6,673
Total Functional Expenses$0$0$0$1,545,464

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,545,464
Total Expenses per Audited Statements$1,545,464
Total Expenses per Form 990$1,545,464
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$755,439
Funds Due Other Organizations$239,413
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

Officers on the board of directors are elected by active members. At-large members on the board of directors are elected by the mti faculty representative council (the policy-making body of the corporation) which consists of representatives elected by active members at each work site.

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 11B

The board does not review madison teachers incorporated'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 incorporated'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 incorporated's (mti) bylaws are adopted by madison teachers incorporated's elected policy making body, the faculty representatives council. Article vii of the bylaws creates a cabinet on personnel. It consists of the president and the treasurer of mti, four members of the teacher unit elected by the mti faculty representative council, and representative of the mti affiliates for which mti is the bargaining agent. 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

Filer Name
Madison Teachers Incorporated
EIN
39-6060613
Phone
6082570491
Address
33 NOB HILL ROAD, MADISON, WI 53713

Signing Officer

Name
Andy Mayhall
Title
Board Treasurer
Phone
6082570491
Signed
2019-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas Keillor
Formed
1964
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
8
Employees
11
Volunteers
45

Preparer

Firm
Wipfli Llp
Address
PO BOX 8700, MADISON, WI 53708-8700
Preparer
Jean Christensen
Phone
6082741980
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

Madison teachers incorporated acts as a fiscal agent for the nea collaboration to ensure new teacher retention and success (centrs) initiative.

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.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER-AT-LARGE (THRU OCTOBER)
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD PAST-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD VICE-PRESIDENT (THRU MAY)
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD VICE-PRESIDENT (BEG JUNE)
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11OFFICE MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE ASSISTANT, LABOR RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt13FORMER EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01964
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/IndependentAuditFinclStmtInd01
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IRS990/IndoorTanningServicesInd00
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt05160
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt05160
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 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt04097668
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-5773
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
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IRS990/OfficeExpensesGrp/TotalAmt082998
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt0755439
IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherExpensesGrp/Desc0DUES PAID TO OTHER ORGS
IRS990/OtherExpensesGrp/Desc1COMMITTEES EXPENSE
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IRS990/OtherExpensesGrp/TotalAmt117824
IRS990/OtherLiabilitiesGrp/BOYAmt01004205
IRS990/OtherLiabilitiesGrp/EOYAmt0994852
IRS990/OtherRevenueTotalAmt05160
IRS990/OtherSalariesAndWagesGrp/TotalAmt0436314
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt08955
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04710
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt055398
IRS990/PensionPlanContributionsGrp/TotalAmt071313
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07236
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010680
IRS990/PrincipalOfficerNm0DOUGLAS KEILLOR
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd1541100
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1WEAC LEGAL REIMBURSEMENTS
IRS990/ProgramServiceRevenueGrp/Desc2WEA MEMBER BENEFITS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01397352
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1133668
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01397352
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1133668
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt215000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01995
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt010917
IRS990/PYOtherExpensesAmt0457337
IRS990/PYOtherRevenueAmt05000
IRS990/PYProgramServiceRevenueAmt01549035
IRS990/PYRevenuesLessExpensesAmt0-301143
IRS990/PYSalariesCompEmpBnftPaidAmt01410753
IRS990/PYTotalExpensesAmt01868090
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01566947
IRS990/ReconcilationRevenueExpnssAmt020138
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt04599112
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt081886
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0100372
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0182258
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01545464
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-5773
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0755439
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENT IN VARIABLE ANNUITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0239413
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1755439
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS DUE OTHER ORGANIZATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED COMPENSATION
IRS990ScheduleD/RevenueNotReportedAmt0-5773
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01565602
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MADISON TEACHERS INCORPORATED ACTS AS A FISCAL AGENT FOR THE NEA COLLABORATION TO ENSURE NEW TEACHER RETENTION AND SUCCESS (CENTRS) INITIATIVE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MADISON 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt081886
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0755439
IRS990ScheduleD/TotalExpensesPerForm990Amt01545464
IRS990ScheduleD/TotalLiabilityAmt0994852
IRS990ScheduleD/TotalRevenuePerForm990Amt01565602
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01559829
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01545464
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0122205
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1144827
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt027300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt028102
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt122686
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt06230
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt193415
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DOUGLAS KEILLOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOHN MATTHEWS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1FORMER EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0183837
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1260928
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0JOHN MATTHEWS RECEIVED A SETTLEMENT PAYMENT. THE ORGANIZATION PAID $88,103 FOR THIS PAYMENT AND IT WAS REPORTED AS TAXABLE COMPENSATION TO THE FORMER EXECUTIVE DIRECTOR. THE FORMER EXECUTIVE DIRECTOR ELECTED TO DEFER A PORTION OF HIS COMPENSATION UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE DEFERRED COMPENSATION IS INVESTED IN AN ANNUITY. THE FAIR VALUE OF THE DEFERRED COMPENSATION LIABILITY AND THE INVESTMENT IN THE VARIABLE ANNUITY WAS $755,439. COMPENSATION EXPENSE WAS INCREASED BY $0 RELATED TO THIS AGREEMENT FOR THE YEAR ENDED JUNE 30, 2018.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINES 4A-B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
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/ExplanationTxt1OFFICERS ON THE BOARD OF DIRECTORS ARE ELECTED BY ACTIVE MEMBERS. AT-LARGE MEMBERS ON THE BOARD OF DIRECTORS ARE ELECTED BY THE MTI FACULTY REPRESENTATIVE COUNCIL (THE POLICY-MAKING BODY OF THE CORPORATION) WHICH CONSISTS OF REPRESENTATIVES ELECTED BY ACTIVE MEMBERS AT EACH WORK SITE.
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 INCORPORATED'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 INCORPORATED'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 INCORPORATED'S (MTI) BYLAWS ARE ADOPTED BY MADISON TEACHERS INCORPORATED'S ELECTED POLICY MAKING BODY, THE FACULTY REPRESENTATIVES COUNCIL. ARTICLE VII OF THE BYLAWS CREATES A CABINET ON PERSONNEL. IT CONSISTS OF THE PRESIDENT AND THE TREASURER OF MTI, FOUR MEMBERS OF THE TEACHER UNIT ELECTED BY THE MTI FACULTY REPRESENTATIVE COUNCIL, AND REPRESENTATIVE OF THE MTI AFFILIATES FOR WHICH MTI IS THE BARGAINING AGENT. 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/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 11B
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MTI VOTERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0392015375
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0527
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ENCOURAGE POLITICAL ACTION OF PEOPLE BY ENDORSING CANDIDATES AND REFERENDUMS

Document Assets

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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