Overview
What is Filene Research Institute Inc?
Filene Research Institute Inc is a nonprofit organization situated in Madison, Wisconsin. Their primary focus is conducting innovative, actionable research aimed at enhancing learning and transforming organizations within the cooperative finance movement. They strive to increase consumer financial well-being by reducing risk from new solutions through their Filene Incubators. The institute also connects emerging leaders through communities and events, offers advisory services, and serves as a hub for growing, forward-thinking credit unions. Filene regularly publishes research findings in various formats, such as reports, podcasts, and infographics, and speaks at industry conferences to share their insights on key consumer finance topics. They have four incubator offerings and tested five in-market products during the previous fiscal year.
Official website here: www.filene.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 96%, Four-Star out of Four Stars **tar rating**
The Filene Research Institute Inc has achieved an impressive 96% rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. The organization demonstrates high scores across various metrics, including a 97 for Accountability & Finance, reflecting robust fiscal management and independent oversight with a fully independent board. Their positive program expense ratio of 71.56% signifies that they allocate a substantial portion of their funds directly towards fulfilling their mission.
Users of the organization’s services have rated their feedback mechanisms exceptionally well, with perfect scores in feedback collection and usage. This suggests that Filene is responsive to the needs and voices of its constituents, continuously adapting its strategies to enhance service delivery and community impact. Furthermore, the organization is proactive in addressing equity issues, reviewing compensation data for potential disparities while also engaging in practices to promote inclusivity.
Unfortunately, user reviews from GreatNonprofits could not be fetched, leaving a gap in more personal insights from constituents. Nonetheless, based on the Charity Navigator rating, Filene Research Institute stands out for its dedication to strong governance and community engagement, although always having room for growth in their equity strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Filene Research Institute Inc legitimate?
Filene Research Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Filene Research Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.filene.org
What is the mission statement of Filene Research Institute Inc?
The Filene Research Institute Inc's mission is centered around enhancing organizations by conducting innovative research and fostering incubation. Their primary goal is to improve consumer financial well-being. Through their research, they aim to address high-priority questions benefiting consumers and the cooperative finance movement. The institute regularly publishes reports, podcasts, infographics, and toolkits, disseminating their findings widely. Additionally, Filene Incubators test new products and ideas to help credit unions grow and positively impact their members and communities. They currently have four incubator offerings and tested five in-market products during the previous fiscal year.
Official website here: www.filene.org
Who is the CEO of Filene Research Institute Inc?
Mark Meyer is the CEO of Filene Research Institute Inc The CEO's salary of Filene Research Institute Inc is $0 and their total compensation is $0.
Official website here: www.filene.org
What is the revenue of Filene Research Institute Inc?
Filene Research Institute Inc's revenue in 2024 was $9,098,907.
Official website here: www.filene.org
Who are the executives of Filene Research Institute Inc and what are their salaries?
There 10 volunteers at Filene Research Institute Inc.
Here are 12 key members and their salaries (Filene Research Institute Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.filene.org
Where can I find the form 990 for Filene Research Institute Inc?
Filene Research Institute Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.filene.org
Learn more at the official website: www.filene.org
Mission Statement of Filene Research Institute Inc
Filene Research Institute Inc is an organization dedicated to strengthening organizations through innovative research and incubation. Their mission is to improve consumer financial well-being by conducting cutting-edge research and reducing risk from new solutions. They achieve this by providing actionable insights through their research, incubating emerging ideas and leaders, and offering advisory services to drive lasting changes. The institute identifies high-priority research questions for the benefit of consumers and the cooperative finance movement, publishing reports and outputs on their findings. Filene's research is widely distributed in various media outlets, and they regularly speak at conferences and industry events to share their insights on key consumer finance topics. Additionally, Filene's incubators test products and ideas to help credit unions grow and positively impact their members and communities. The organization currently has four incubator offerings and tested five in-market products during the past fiscal year.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Filene Research Institute Inc's impact lies in its cutting-edge actionable research that aims to transform organizations, accelerate innovation, and reduce risk through its incubators. By connecting innovative leaders and providing advisory services, Filene drives lasting and impactful change in the cooperative finance movement. Through its research and innovation efforts, Filene seeks to address high-priority research questions for the benefit of consumers and the financial industry. The Institute's publications and engagements, including reports, podcasts, and presentations, widely disseminate research insights to inform and inspire the industry.
Additionally, Filene's incubators play a crucial role in testing and refining products and ideas to help credit unions grow and enhance their impact on members and communities. The organization's commitment to strengthening organizations through research and incubation ultimately aims to improve consumer financial well-being.
This information is meant to be a general summary of Filene Research Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $109,878
- Program Service Revenue: $586,519
- Gross Receipts: $9,496,846
Assets and Liabilities:
- Total Assets: $15,248,471
- Total Liabilities: $2,278,852
- Net Assets: $12,969,619
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH AND INNOVATION
Revenue
$481,222
OUTREACH AND EDUCATION
Revenue
$105,297
Organization Details
Founding Year
1989
Principal Officer
Mark Meyer
Website
www.filene.orgNTEE Category
Code: W60E - Public benefit
If you are a representative of Filene Research Institute Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.