Civic Intelligence

Madison Teachers Incorporated

990 • Fiscal year 2019 • EIN 39-6060613

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 02, 2020

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

55th percentile

0.25x

Higher debt load relative to assets than 55% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

0.94x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Net Margin

26th percentile

-1.5%

Higher net margin than 26% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

28th percentile

$184,386

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Asset Growth

13th percentile

-4.8%

Faster asset growth than 13% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

-6.7%

Faster revenue growth than 16% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$5,412,342

Down $272,181 (-4.8%) from 2018

Net Assets

Down

$4,036,090

Down $61,578 (-1.5%) from 2018

Liabilities

Down

$1,376,252

Down $210,603 (-13%) from 2018

Revenue

Down

$1,460,897

Down $104,705 (-6.7%) from 2018

Expenses

Down

$1,483,406

Down $62,058 (-4.0%) from 2018

Net Income

Down

-$22,509

Down $42,647 (-212%) from 2018

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

2019

Assets$5,412,342
Liabilities$1,376,252
Net Assets$4,036,090

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

2019

Revenue$1,460,897
Expenses$1,483,406
Net Income-$22,509
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 2, 2020
Return Version
2018v3.1
Gross Receipts
$1,460,897
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$4,599,112$4,471,364▼ $127,748
Cash and Non-Interest-Bearing Accounts$222,394$157,298▼ $65,096
Land, Buildings, and Equipment, Net$81,886$104,360▲ $22,474
Accounts Receivable$10,302$11,105▲ $803
Prepaid Expenses and Deferred Charges$10,680$9,803▼ $877
Other Notes and Loans Receivable, Net$4,710$7,171▲ $2,461
Total Assets$5,684,523$5,412,342▼ $272,181
Other Assets Total$755,439$651,241▼ $104,198
Liabilities
Other Liabilities$994,852$895,597▼ $99,255
Accounts Payable and Accrued Expenses$354,226$357,559▲ $3,333
Escrow Account Liability$237,777$123,096▼ $114,681
Total Liabilities$1,586,855$1,376,252▼ $210,603
Net Assets / Fund Balance
Unrestricted Net Assets$4,069,493$4,008,760▼ $60,733
Temporarily Rstr Net Assets$28,175$27,330▼ $845
Total Net Assets Fund Balance$4,097,668$4,036,090▼ $61,578
Total Liabilities and Net Assets / Fund Balance$5,684,523$5,412,342▼ $272,181

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$104,360$60,741$165,101
Other Assets Org$651,241--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Douglas KeillorExecutive DirectorFT$124,861$59,525$184,386
Jeffery KnightExecutive Assistant, Labor RelationsFT$102,122$46,253$148,375
Yvonne KnocheOffice ManagerFT$80,339$52,586$132,925

Board Members and Trustees

NameTitle
Kerry MotoviloffBoard Past-president (thru May)
Andrew WaityBoard President
Michael JonesBoard Vice-president
Molly WalshBoard Secretary (beg June)
Cari FalkBoard Secretary (thru May)
Andy MayhallBoard Treasurer
Amy TurkowskiMember-at-large
Jessica HotzMember-at-large
Kira FobbsMember-at-large
Pete OppsMember-at-large

Highest Paid Contractors

ContractorServicesLocationCompensation
Pines Bach LLPLegal Services122 W WASHINGTON AVE STE 900, Madison, WI 53703$170,617
Revenue and Support

Revenue Composition

Contributions and Grants
$325
Program Service Revenue
$1,393,481
Investment Income
$62,251
Other Revenue
$4,840
All Other Contributions
$325
Change in Net Assets
$-22,509

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,460,897
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-39,069
Total Revenue per Audited Statements
$1,421,828
Total Revenue per Form 990
$1,460,897
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,087,674
Other Expenses$395,732
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$476,793
Current Officers, Directors, Trustees, and Key Employees---$322,673
Other Employee Benefits---$144,000
Fees for Services Legal---$137,725
Pension Plan Contributions---$85,202
Payroll Taxes---$59,006
Office Expenses---$51,577
Fees for Services Other---$50,591
Occupancy---$27,885
Other Expenses---$27,076
Depreciation Depletion---$12,608
Fees for Services Accounting---$7,700
Conferences and Meetings---$7,453
Travel---$6,416
Total Functional Expenses$0$0$0$1,483,406

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,483,406
Total Expenses per Audited Statements$1,483,406
Total Expenses per Form 990$1,483,406
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$651,241
Funds Due Other Organizations$244,356
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 council 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 representatives 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
2020-03-02
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
13
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/TitleTxt1MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD PAST-PRESIDENT (THRU MAY)
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD SECRETARY (THRU MAY)
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD SECRETARY (BEG JUNE)
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11OFFICE MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE ASSISTANT, LABOR RELATIONS
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01964
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01460897
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt062251
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt062251
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt060741
IRS990/LandBldgEquipBasisNetGrp/BOYAmt081886
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0104360
IRS990/LandBldgEquipCostOrOtherBssAmt0165101
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt04840
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt04840
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
IRS990/NetAssetsOrFundBalancesBOYAmt04097668
IRS990/NetAssetsOrFundBalancesEOYAmt04036090
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-39069
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/TotalAmt027885
IRS990/OfficeExpensesGrp/TotalAmt051577
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0755439
IRS990/OtherAssetsTotalGrp/EOYAmt0651241
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0144000
IRS990/OtherExpensesGrp/Desc0DUES PAID TO OTHER ORGS
IRS990/OtherExpensesGrp/Desc1COMMITTEES EXPENSE
IRS990/OtherExpensesGrp/TotalAmt066701
IRS990/OtherExpensesGrp/TotalAmt127076
IRS990/OtherLiabilitiesGrp/BOYAmt0994852
IRS990/OtherLiabilitiesGrp/EOYAmt0895597
IRS990/OtherRevenueTotalAmt04840
IRS990/OtherSalariesAndWagesGrp/TotalAmt0476793
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04710
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07171
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt059006
IRS990/PensionPlanContributionsGrp/TotalAmt085202
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010680
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09803
IRS990/PrincipalOfficerNm0DOUGLAS KEILLOR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1541100
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1WEAC LEGAL REIMBURSEMENTS
IRS990/ProgramServiceRevenueGrp/Desc2WEA MEMBER BENEFITS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01271834
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1106647
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01271834
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1106647
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt215000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0425
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013997
IRS990/PYOtherExpensesAmt0431947
IRS990/PYOtherRevenueAmt05160
IRS990/PYProgramServiceRevenueAmt01546020
IRS990/PYRevenuesLessExpensesAmt020138
IRS990/PYSalariesCompEmpBnftPaidAmt01113517
IRS990/PYTotalExpensesAmt01545464
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01565602
IRS990/ReconcilationRevenueExpnssAmt0-22509
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04599112
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04471364
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0104360
IRS990ScheduleD/EquipmentGrp/DepreciationAmt060741
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0165101
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01483406
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-39069
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0651241
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENT IN VARIABLE ANNUITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0244356
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1651241
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS DUE OTHER ORGANIZATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED COMPENSATION
IRS990ScheduleD/RevenueNotReportedAmt0-39069
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01460897
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/TotalBookValueLandBuildingsAmt0104360
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0651241
IRS990ScheduleD/TotalExpensesPerForm990Amt01483406
IRS990ScheduleD/TotalLiabilityAmt0895597
IRS990ScheduleD/TotalRevenuePerForm990Amt01460897
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01421828
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01483406
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0124861
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt024905
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt027656
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt06964
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DOUGLAS KEILLOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0184386
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
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 COUNCIL 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 REPRESENTATIVES 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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt033 NOB HILL ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MADISON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd053713
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt028175
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt027330
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00

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