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CONSUMER REPORTS INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
CONSUMER REPORTS INC (EIN 13-1776434)
Tax period
2022-06-01 to 2023-05-31
Filed
2024-03-22
IRS object ID
202420829349300482
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-03-22T15:59:59-05:00ReturnTs
Tax Period End2023-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135565207PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1345 PARK AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP101540102ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN131776434EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CONSUMER REPORTS INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCONSBusinessNameControlTxt
Phone9143782000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1101 TRUMAN AVENUEAddressLine1Txt
CityYONKERSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP107031044ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonERIC WAYNEPersonNm
Person TitleSR. VP AND CFOPersonTitleTxt
Phone9143782000PhoneNum
Signature2024-03-22SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstERICPersonFirstNm
Person LastWAYNEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEVAN W SEEKAMPPreparerPersonNm
PTINP01907071PTIN
Phone2127589700PhoneNum
Preparation2024-03-22PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARTA L TELLADOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1101 TRUMAN AVENUEAddressLine1Txt
CityYONKERSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP107031044ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$252,232,466GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CONSUMERREPORTS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1936FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionWE ARE AN INDEPENDENT, NONPROFIT ORGANIZATION THAT WORKS SIDE BY SIDE WITH CONSUMERS. SEE SCHEDULE O.WE ARE AN INDEPENDENT, NONPROFIT ORGANIZATION THAT WORKS SIDE BY SIDE WITH CONSUMERS FOR TRUTH, TRANSPARENCY, AND FAIRNESS IN THE MARKETPLACE.ActivityOrMissionDesc
Voting Members Governing Body16VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee673TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$11,054,394TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$3,083,323NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$40,666,041PYContributionsGrantsAmt
CY Contributions Grants$32,905,583CYContributionsGrantsAmt
PY Program Service Revenue$222,345,779PYProgramServiceRevenueAmt
CY Program Service Revenue$213,019,967CYProgramServiceRevenueAmt
PY Investment Income$24,879,484PYInvestmentIncomeAmt
CY Investment Income$3,239,803CYInvestmentIncomeAmt
PY Other Revenue$874,399PYOtherRevenueAmt
CY Other Revenue$510,602CYOtherRevenueAmt
PY Total Revenue$288,765,703PYTotalRevenueAmt
CY Total Revenue$249,675,955CYTotalRevenueAmt
PY Grants And Similar Paid$255,250PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$29,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$105,418,695PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$110,838,046CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$180,732PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$205,752CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$11,564,780CYTotalFundraisingExpenseAmt
PY Other Expenses$144,615,764PYOtherExpensesAmt
CY Other Expenses$142,866,776CYOtherExpensesAmt
PY Total Expenses$250,470,441PYTotalExpensesAmt
CY Total Expenses$253,939,574CYTotalExpensesAmt
PY Revenues Less Expenses$38,295,262PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$4,263,619CYRevenuesLessExpensesAmt
Total Assets BOY$489,278,180TotalAssetsBOYAmt
Total Assets EOY$462,111,873TotalAssetsEOYAmt
Total Liabilities BOY$198,795,994TotalLiabilitiesBOYAmt
Total Liabilities EOY$182,171,946TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$290,482,186NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$279,939,927NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionWE ARE AN INDEPENDENT, NONPROFIT ORGANIZATION THAT WORKS SIDE BY SIDE WITH CONSUMERS FOR TRUTH, TRANSPARENCY, AND FAIRNESS IN THE MARKETPLACE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$198,370,833ExpenseAmt
Grant$29,000GrantAmt
Revenue$213,019,967RevenueAmt
DescCONSUMER INFORMATION, PRODUCT INFORMATION: SEE SCHEDULE O FORADDITIONAL INFORMATION.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$17,683,193ExpenseAmt
DescEDUCATION PROGRAMS, HEALTH INFORMATION AND SAFETY: SEESCHEDULE O FOR ADDITIONAL INFORMATION.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$216,054,026TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document187IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee673EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryCAForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members16GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldALStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldARStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
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States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldHIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNMStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldRIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldUTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldVAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWVStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MR MICHAEL MARTIN CPABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9143782000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1101 TRUMAN AVENUEAddressLine1Txt
CityYONKERSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP107031044ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (34 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
MARTA L TELLADO
PRESIDENT & CEO45.000.00Yes (X)Yes (X)$853,636$0$33,522
KATHERINE MAHER
DIRECTOR THRU - 10/19/222.000.00Yes (X)$0$0$0
ANNETTE LOVOI
DIRECTOR THRU 10/19/222.000.00Yes (X)$0$0$0
JAMESON KELLEHER
DIRECTOR2.000.00Yes (X)$0$0$0
STEPHEN P HOOVER
VICE CHAIR - AS OF 10/21/222.000.00Yes (X)$0$0$0
JOANNE HOVIS
DIRECTOR2.000.00Yes (X)$0$0$0
KATHLEEN ENGEL
DIRECTOR2.000.00Yes (X)$0$0$0
DEBORAH A COWAN
TREASURER2.000.00Yes (X)$0$0$0
BETSY D SCOLNIK
DIRECTOR2.000.00Yes (X)$0$0$0
NIKITRA BAILEY
DIRECTOR2.000.00Yes (X)$0$0$0
TAREN STINEBRICKNER-KAUFFMAN
DIRECTOR2.000.00Yes (X)$0$0$0
ASTRID VERMEER
VICE CHAIR - THRU 10/21/222.000.00Yes (X)$0$0$0
WILLIE E MAY
DIRECTOR2.000.00Yes (X)$0$0$0
JOAQUIN ALVARADO
CHAIR2.000.00Yes (X)$0$0$0
SONAL SHAH
DIRECTOR AS OF 10/19/222.000.00Yes (X)$0$0$0
MICAH L SIFRY
DIRECTOR THRU - 10/19/222.000.00Yes (X)$0$0$0
CALVIN SIMS
DIRECTOR2.000.00Yes (X)$0$0$0
ELLEN TAUS
DIRECTOR2.000.00Yes (X)$0$0$0
RUSSELL G NOLES
DIRECTOR2.000.00Yes (X)$0$0$0
MILLIE CHU BAIRD
DIRECTOR2.000.00Yes (X)$0$0$0
ERIC WAYNE
SR. VP & CFO45.000.00Yes (X)$469,612$0$73,039
MICHAEL HUBNER
VP, GENERAL COUNSEL45.000.00$457,693$0$33,432Yes (X)
JASON FOX
VP, CHIEF DIGITAL OFFICER45.000.00$443,196$0$70,016Yes (X)
LAUREN STANICH
VP, CHIEF MARKETING OFFICE45.000.00$441,285$0$71,303Yes (X)
LIAM MCCORMACK
VP, RESEARCH, TESTING & IN45.000.00$425,184$0$59,332Yes (X)
JESSICA FREIREICH
SVP, CHIEF STRATEGY OFFICER45.000.00$399,674$0$69,733Yes (X)
SHAR TAYLOR
VP, CHIEF SOCIAL IMPACT OF45.000.00$361,851$0$30,031Yes (X)
GENEA BELL
VP, CHIEF PEOPLE OFFICER45.000.00$325,490$0$29,773Yes (X)
RAFAEL PEREZ
VP, CHIEF DIVERSITY OFFICE45.000.00$318,273$0$64,298Yes (X)
ESTHER HAN
VP, NEW PRODUCTS & SERVICE45.000.00$386,277$0$60,209Yes (X)
HEATH GRAYSON
CHIEF PRIVACY OFFICER & DE45.000.00$329,282$0$59,447Yes (X)
PETER DIRENZO
CHIEF TECHNOLOGY OFFICER45.000.00$322,186$0$70,012Yes (X)
CORINNE OSBORN
SR DIR LABOR & EMPL RELS45.000.00$321,412$0$62,886Yes (X)
WENDY BOUNDS
VP CHIEF CONTENT OFFICER45.000.00$314,962$0$28,639Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$6,170,013TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$815,672TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K449IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
GOOGLE INC
1600 AMPHITHEATRE PARKWAYMOUNTAIN VIEWCA94043SEARCH ENGINE MARKETING$14,545,004
QUAD GRAPHICS
N61 W23044 HARRYS WAYSUSSEXWI53089PRINTING$5,316,188
DIAMOND COMMUNICATIONS
1209 31ST AVENUECOUNCIL BLUFFSIA51501FULFILLMENT SERVICES$5,029,113
TELERX MARKETING INC
723 DRESHER RDHORSHAMPA19044MARKETING$4,195,911
ACXIOM CORPORATION
601 E THIRD STREETLITTLE ROCKAR72201INFORMATION TECHNOLOGY SERVICE$3,275,088
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K95CntrctRcvdGreaterThan100KCnt
Government Grants$56,752GovernmentGrantsAmt
All Other Contributions$32,848,831AllOtherContributionsAmt
Noncash Contributions$64,345NoncashContributionsAmt
Total Contributions$32,905,583TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
ONLINE SUBSCRIP. SALES900099$122,802,683$111,748,289$11,054,394
SUBSCRIP., NEWSSTAND513110$86,315,295$86,315,295
DATA INTELLIGENCE519190$3,567,879$3,567,879
TESTING REVENUE541380$334,110$334,110
FieldValueIRS element (for citing)
Total Program Service Revenue$213,019,967TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,072,419TotalRevenueColumnAmt
Exclusion$3,072,419ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$510,602TotalRevenueColumnAmt
Exclusion$510,602ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$2,723,895SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$2,556,511SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$167,384SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$167,384TotalRevenueColumnAmt
Exclusion$167,384ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$249,675,955TotalRevenueColumnAmt
Related Or Exempt Func Income$201,965,573RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$11,054,394UnrelatedBusinessRevenueAmt
Exclusion$3,750,405ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$29,000TotalAmt
Program Services$29,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$4,651,586TotalAmt
Program Services$1,805,426ProgramServicesAmt
Management And General$2,471,937ManagementAndGeneralAmt
Fundraising$374,223FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$80,075,640TotalAmt
Program Services$66,798,661ProgramServicesAmt
Management And General$11,426,153ManagementAndGeneralAmt
Fundraising$1,850,826FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$7,999,422TotalAmt
Program Services$6,798,430ProgramServicesAmt
Management And General$1,037,480ManagementAndGeneralAmt
Fundraising$163,512FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$12,175,741TotalAmt
Program Services$10,217,532ProgramServicesAmt
Management And General$1,673,352ManagementAndGeneralAmt
Fundraising$284,857FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$5,935,657TotalAmt
Program Services$4,951,492ProgramServicesAmt
Management And General$846,971ManagementAndGeneralAmt
Fundraising$137,194FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$415,478TotalAmt
Management And General$398,819ManagementAndGeneralAmt
Fundraising$16,659FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$642,084TotalAmt
Management And General$642,084ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$205,752TotalAmt
Fundraising$205,752FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$430,318TotalAmt
Management And General$430,318ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$13,807,602TotalAmt
Program Services$12,707,882ProgramServicesAmt
Management And General$1,080,153ManagementAndGeneralAmt
Fundraising$19,567FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$29,088,404TotalAmt
Program Services$28,571,059ProgramServicesAmt
Management And General$67,032ManagementAndGeneralAmt
Fundraising$450,313FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$766,001TotalAmt
Program Services$588,086ProgramServicesAmt
Management And General$166,549ManagementAndGeneralAmt
Fundraising$11,366FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$6,917,826TotalAmt
Program Services$5,438,841ProgramServicesAmt
Management And General$1,417,552ManagementAndGeneralAmt
Fundraising$61,433FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$3,313,975TotalAmt
Program Services$2,583,352ProgramServicesAmt
Management And General$724,080ManagementAndGeneralAmt
Fundraising$6,543FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$692,453TotalAmt
Program Services$594,892ProgramServicesAmt
Management And General$84,283ManagementAndGeneralAmt
Fundraising$13,278FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$254,695TotalAmt
Program Services$192,168ProgramServicesAmt
Management And General$41,469ManagementAndGeneralAmt
Fundraising$21,058FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,135,268TotalAmt
Management And General$1,135,268ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$15,952,533TotalAmt
Program Services$15,366,690ProgramServicesAmt
Management And General$556,397ManagementAndGeneralAmt
Fundraising$29,446FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,367,802TotalAmt
Management And General$1,367,802ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
POSTAGE AND SHIPPING$25,315,668$21,656,955$10,364$3,648,349
PRINTING & PUBLICATION$15,410,430$12,833,716$1,956$2,574,758
ORDER PROCESSING$11,541,922$10,001,995$17,683$1,522,244
PRODUCT TESTING$4,161,036$4,161,036

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$11,653,281TotalAmt
Program Services$10,756,813ProgramServicesAmt
Management And General$723,066ManagementAndGeneralAmt
Fundraising$173,402FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$253,939,574TotalAmt
Program Services$216,054,026ProgramServicesAmt
Management And General$26,320,768ManagementAndGeneralAmt
Fundraising$11,564,780FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$793,304BOYAmt
EOY$1,036,601EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$43,323,936BOYAmt
EOY$17,391,744EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,148,509BOYAmt
EOY$2,499,378EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$6,167,781BOYAmt
EOY$6,850,437EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$3,212,129BOYAmt
EOY$4,607,972EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$8,336,966BOYAmt
EOY$8,323,739EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$255,129,937LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$201,703,874LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$54,499,464BOYAmt
EOY$53,426,063EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$364,659,799BOYAmt
EOY$361,329,959EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$7,136,292BOYAmt
EOY$6,645,980EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$489,278,180BOYAmt
EOY$462,111,873EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$25,312,924BOYAmt
EOY$23,580,399EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$109,661,018BOYAmt
EOY$104,736,696EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$32,275,000BOYAmt
EOY$30,615,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$31,547,052BOYAmt
EOY$23,239,851EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$198,795,994BOYAmt
EOY$182,171,946EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$278,803,465BOYAmt
EOY$272,554,032EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$11,678,721BOYAmt
EOY$7,385,895EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$290,482,186BOYAmt
EOY$279,939,927EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$489,278,180BOYAmt
EOY$462,111,873EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$4,263,619ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$5,389,652NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$888,988OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$35,065,192CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$31,958,978CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$36,061,646CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$40,666,041CurrentTaxYearMinus1YearAmt
Current Tax Year$32,905,583CurrentTaxYearAmt
Total$176,657,440TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$35,065,192CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$31,958,978CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$36,061,646CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$40,666,041CurrentTaxYearMinus1YearAmt
Current Tax Year$32,905,583CurrentTaxYearAmt
Total$176,657,440TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$7,866,060SubstantialContributorsTotAmt
Public Support Total170$168,791,380PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,575,454CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,426,959CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,100,633CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,675,234CurrentTaxYearMinus1YearAmt
Current Tax Year$3,583,021CurrentTaxYearAmt
Total$13,361,301TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,117,392CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,287,901CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,771,700CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,417,919CurrentTaxYearMinus1YearAmt
Current Tax Year$3,083,323CurrentTaxYearAmt
Total$16,678,235TotalAmt
FieldValueIRS element (for citing)
Total Support$206,696,976TotalSupportAmt
Gross Receipts Rltd Activities$1,045,866,313GrossReceiptsRltdActivitiesAmt
Public Support CY1700.81660PublicSupportCY170Pct
Public Support PY1700.82370PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 7FormAndLineReferenceDesc
ExplanationACCORDING TO THE BUSINESS MASTER FILE, CONSUMER REPORTS, INC. IS EXEMPT WITH THE IRS UNDER SECTION 509(A)(2). HOWEVER, TO SUPPORT THE USE OF SPECIAL 2% RULE FOR REPORTING CONTRIBUTIONS ON SCHEDULE B, THE ORGANIZATION HAS FILLED OUT PART II.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersYes (1)VolunteersInd
Paid Staff Or ManagementYes (1)PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Media Advertisements$0MediaAdvertisementsAmt
Mailings MembersYes (1)MailingsMembersInd
Mailings Members$47,747MailingsMembersAmt
Publications Or BroadcastYes (1)PublicationsOrBroadcastInd
Publications Or Broadcast$112,645PublicationsOrBroadcastAmt
Grants Other Organizations0GrantsOtherOrganizationsInd
Grants Other Organizations$0GrantsOtherOrganizationsAmt
Direct Contact LegislatorsYes (1)DirectContactLegislatorsInd
Direct Contact Legislators$104,991DirectContactLegislatorsAmt
Rallies DemonstrationsYes (1)RalliesDemonstrationsInd
Rallies Demonstrations$327RalliesDemonstrationsAmt
Other Activities0OtherActivitiesInd
Total Lobbying Expenditures$265,710TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationLINE 1A - VOLUNTEERS TESTIFY BEFORE CONGRESS AND STATE LEGISLATURES; SPEAK AT PRESS CONFERENCES REGARDING STATE AND FEDERAL LEGISLATION; LOBBY LEGISLATORS. LINE 1B - PAID STAFF OR MANAGEMENT: PLEASE SEE BELOW ACTIVITIES, AS STAFF AND MANAGEMENT ARE INCLUDED IN THOSE ACTIVITIES AND TOTALS. LINE 1D - MAILING TO MEMBERS, LEGISLATORS, OR THE PUBLIC: LETTERS AND EMAILS TO STATE OR FEDERAL LEGISLATORS AND STAFF REGARDING LEGISLATION; EMAIL ACTION ALERTS REGARDING STATE OR FEDERAL LEGISLATION TO OUR MEMBERS OR ACTIVISTS. LINE 1E - PUBLICATIONS, OR PUBLISHED OR BROADCAST STATEMENTS: LOBBYING MESSAGES REGARDING LEGISLATION THAT APPEAR IN CONSUMER REPORTS AND ITS OTHER PUBLICATIONS. LINE 1G - DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, GOVERNMENT OFFICIALS, OR LEGISLATIVE BODY: FACE-TO-FACE MEETINGS OR ; TELEPHONE CALLS WITH STATE OR FEDERAL LEGISLATORS, INCLUDING TRAVEL TIME. LINE 1H - RALLIES, DEMONSTRATIONS, SEMINARS, CONVENTIONS, SPEECHES, LECTURES, OR ANY SIMILAR MEANS: SPEECHES; RALLIES; CONFERENCES WHERE CR STAFF SUPPORTS OR OPPOSES STATE OR FEDERAL LEGISLATION PUBLICLY.ExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$11,935,255OtherCostOrOtherBasisAmt
Book Value$11,935,255BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$74,474,667OtherCostOrOtherBasisAmt
Depreciation$54,434,132DepreciationAmt
Book Value$20,040,535BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$795,261OtherCostOrOtherBasisAmt
Depreciation$769,296DepreciationAmt
Book Value$25,965BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$29,151,579OtherCostOrOtherBasisAmt
Depreciation$25,980,402DepreciationAmt
Book Value$3,171,177BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$138,773,175OtherCostOrOtherBasisAmt
Depreciation$120,520,044DepreciationAmt
Book Value$18,253,131BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$53,426,063TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (8 entries)

DescDescAmtAmt
PENSION LIABILITY$4,478,211
CHARITABLE GIFT ANNUITY AND CRUT LIABILITY$9,077,883
457(B) LIABILITY$4,893,796
LIABILITY DERIVATIVE INSTRUMENT$1,628,358
LIFETIME SUBSCRIBER LIABILITY$1,269,000
RIGHT OF USE LIABILITIES$239,000
RENT INCENTIVE LIABILITY$23,684
OTHER LIABILITY (FUTURE SEVERANCE)$1,629,919
FieldValueIRS element (for citing)
Total Liability$23,239,851TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$243,087,000TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$5,389,652NetUnrealizedGainsInvstAmt
Other Revenue-$888,261OtherRevenueAmt
Revenue Not Reported-$6,277,913RevenueNotReportedAmt
Revenue Subtotal$249,364,913RevenueSubtotalAmt
Investment Expenses Not Incld$310,425InvestmentExpensesNotIncldAmt
Other Revenues Not Included$617OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$311,042RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$249,675,955TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$253,629,000TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$253,629,000ExpensesSubtotalAmt
Investment Expenses Not Incld2$310,425InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$149OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$310,574ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$253,939,574TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:FIN 48 UNCERTAINTY IN TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE CODE, CR IS EXEMPT FROM TAXES ON INCOME, EXCEPT FOR UNRELATED BUSINESS INCOME RELATED TO REFERRAL FEES DESCRIBED IN NOTE 2(A). FOR THE YEARS ENDED MAY 31, 2023 AND 2022, PROVISIONS FOR INCOME TAXES WERE $907 AND $999, RESPECTIVELY. IN ACCORDANCE WITH ASC TOPIC 740, INCOME TAXES, CR EVALUATED ITS TAX POSITIONS AND DETERMINED THAT ALL ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. ACCORDINGLY, CR BELIEVES THAT THERE ARE NO UNRECOGNIZED BENEFITS OR APPLICABLE INTEREST AND PENALTIES THAT SHOULD BE RECORDED. CR'S TAX RETURNS FOR THE FISCAL YEARS ENDED MAY 31, 2022, 2021, AND 2020 ARE SUBJECT TO EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES.
PART XI, LINE 2D - OTHER ADJUSTMENTS:PENSION RELATED CHARGES -1,822,822. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -179,105. UNREALIZED GAIN ON INTEREST RATE SWAP 1,113,666.
PART XI, LINE 4B - OTHER ADJUSTMENTS:OTHER ROUNDING 617.
PART XII, LINE 4B - OTHER ADJUSTMENTS:OTHER ROUNDING 149.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
EUROPE00PROGRAM SERVICESPUBLICATION INFO.$761,783
NORTH AMERICA00PROGRAM SERVICESPUBLICATION INFO.$796,129
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$1,557,912SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$1,557,912TotalSpentAmt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III ACCOUNTING METHOD:
PART I, LINE 3, COLUMN (F)THE ACCRUAL METHOD OF ACCOUNTING WAS USED IN PART I, LINE 3, COLUMN (F).

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndGross ReceiptsGrossReceiptsAmtRetained By ContractorRetainedByContractorAmtNet To OrganizationNetToOrganizationAmt
GIFT STRATEGIES LLC
1539 FALL RIVER AVESEEKONKMA02771PLANNED GIVING & BEQUEST PROG. DEV. AND LEADERSHIP CONS.0$0$16,250-$16,250
FREEWILL CO
PO BOX 501051INDIANAPOLISIN46250PLANNED GIVING SOFTWARE SUBSCRIPTION0$0$49,500-$49,500
PARISE MARKETING GROUP INC
2487 ROUTE 55 SUITE EHOPEWELL JUNCTIONNY12533STRATEGIC AND CREATIVE CONSULTING ON DIRECT MAIL FUNDRAISING0$0$59,611-$59,611
EIDOLON COMMUNICATIONS
15 MAIDEN LN STE 1401NEW YORKNY100385113STRATEGIC AND CREATIVE CONSULTING ON DIRECT MAIL FUNDRAISING0$0$30,210-$30,210
TOM GAFFNY CONSULTING
71 CLIFF ROADWELLESLEYMA02481STRATEGIC AND CREATIVE CONSULTING ON DIRECT MAIL FUNDRAISING0$0$8,450-$8,450
ARJUNA SOLUTIONS INC
712 H ST NE UNIT 922WASHINGTONDC20002DATA MODELING ON DIRECT MAIL FUNDRAISING0$0$41,732-$41,732
FieldValueIRS element (for citing)
Total Retained By Contractors$205,753TotalRetainedByContractorsAmt
Total Net To Organization-$205,753TotalNetToOrganizationAmt
Licensed StatesALLicensedStatesCd
Licensed StatesAKLicensedStatesCd
Licensed StatesARLicensedStatesCd
Licensed StatesCALicensedStatesCd
Licensed StatesCOLicensedStatesCd
Licensed StatesCTLicensedStatesCd
Licensed StatesDCLicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesGALicensedStatesCd
Licensed StatesHILicensedStatesCd
Licensed StatesILLicensedStatesCd
Licensed StatesKSLicensedStatesCd
Licensed StatesKYLicensedStatesCd
Licensed StatesLALicensedStatesCd
Licensed StatesMELicensedStatesCd
Licensed StatesMDLicensedStatesCd
Licensed StatesMALicensedStatesCd
Licensed StatesMILicensedStatesCd
Licensed StatesMNLicensedStatesCd
Licensed StatesMSLicensedStatesCd
Licensed StatesMOLicensedStatesCd
Licensed StatesNVLicensedStatesCd
Licensed StatesNHLicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNMLicensedStatesCd
Licensed StatesNYLicensedStatesCd
Licensed StatesNCLicensedStatesCd
Licensed StatesNDLicensedStatesCd
Licensed StatesOHLicensedStatesCd
Licensed StatesOKLicensedStatesCd
Licensed StatesORLicensedStatesCd
Licensed StatesPALicensedStatesCd
Licensed StatesRILicensedStatesCd
Licensed StatesSCLicensedStatesCd
Licensed StatesTNLicensedStatesCd
Licensed StatesUTLicensedStatesCd
Licensed StatesVALicensedStatesCd
Licensed StatesWALicensedStatesCd
Licensed StatesWVLicensedStatesCd
Licensed StatesWILicensedStatesCd

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1DUKE UNIVERSITYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1324 BLACKWELL STAddressLine1Txt
CityDURHAMCityNm
State AbbreviationNCStateAbbreviationCd
ZIP22701ZIPCd
FieldValueIRS element (for citing)
Recipient EIN560532129RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$10,000CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantARCHIVES PROJECTPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceCRITERIA FOR SELECTING PROJECTS FOR FUNDINGFormAndLineReferenceDesc
ExplanationTHE CRITERIA FOR SELECTING PROJECTS FOR FUNDING INCLUDES THE FOLLOWING: -THE PROJECTS ARE CONSISTENT WITH CR'S MISSION TO PROVIDE INFORMATION AND ADVICE TO CONSUMERS ON GOODS, SERVICES, HEALTH AND PERSONAL FINANCE; AND TO INITIATE AND COOPERATE WITH INDIVIDUAL AND GROUP EFFORTS TO MAINTAIN AND ENHANCE THE QUALITY OF LIFE FOR CONSUMERS. -THE PROJECTS ARE HIGH IMPACT PROJECTS THAT PROVIDE A SIGNIFICANT RETURN FOR THE AMOUNT OF MONEY INVESTED. THEY ARE RESULT-ORIENTED, AND HAVE TANGIBLE GOALS AND OBJECTIVES. -IF POSSIBLE, THE PROJECTS ARE REPLICABLE, AND PROVIDE A MODEL FOR ORGANIZING AND ADVOCACY ON OTHER CONSUMER AND PUBLIC INTEREST ISSUES, OR IN OTHER LOCATIONS. -THE PROJECTS MUST MAKE SENSE IN THE CONTEXT OF THE NEEDS AND SUSTAINABILITY OPPORTUNITIES OF THE OVERALL CONSUMER MOVEMENT. -BECAUSE OUR FUNDS ARE LIMITED, OUR OPERATING STRATEGY IS TO IDENTIFY PROSPECTIVE GRANTEES AND INVITE THEM TO APPLY. MOST GRANTS ARE AWARDED TO PRE-SELECTED ORGANIZATIONS. MONITORING GRANT FUNDS GRANTEES ARE REQUIRED TO SUBMIT PROGRAM AND FINANCIAL REPORTS AT THE CONCLUSION OF THE PROJECT, INCLUDING A LIST OF GRANT-RELATED EXPENDITURES, AND A SUMMARY OF DELIVERABLES AND PROJECT RESULTS. THE TIMING OF THE REPORTS IS DETERMINED ACCORDING TO A SCHEDULE CONTAINED IN AN EXECUTED AGREEMENT BETWEEN CR AND THE GRANTEE.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MARTA L TELLADO
PRESIDENT & CEO$751,598$0$72,787$0$29,251$0$30,500$0$3,022$0$887,158$0$0$0
ERIC WAYNE
SR. VP & CFO$424,147$0$20,000$0$25,465$0$30,500$0$42,539$0$542,651$0$0$0
JASON FOX
VP, CHIEF DIGITAL OFFICER$403,168$0$17,000$0$23,028$0$30,327$0$39,689$0$513,212$0$0$0
LAUREN STANICH
VP, CHIEF MARKETING OFFICE$408,941$0$17,000$0$15,344$0$29,114$0$42,189$0$512,588$0$0$0
MICHAEL HUBNER
VP, GENERAL COUNSEL$420,650$0$13,000$0$24,043$0$30,500$0$2,932$0$491,125$0$0$0
LIAM MCCORMACK
VP, RESEARCH, TESTING & IN$296,040$0$10,000$0$119,144$0$29,661$0$29,671$0$484,516$0$0$0
JESSICA FREIREICH
SVP, CHIEF STRATEGY OFFICER$385,938$0$12,500$0$1,236$0$30,044$0$39,689$0$469,407$0$0$0
ESTHER HAN
VP, NEW PRODUCTS & SERVICE$349,189$0$10,000$0$27,088$0$29,102$0$31,107$0$446,486$0$0$0
PETER DIRENZO
CHIEF TECHNOLOGY OFFICER$310,540$0$6,000$0$5,646$0$30,500$0$39,512$0$392,198$0$0$0
SHAR TAYLOR
VP, CHIEF SOCIAL IMPACT OF$342,496$0$10,000$0$9,355$0$27,158$0$2,873$0$391,882$0$0$0
HEATH GRAYSON
CHIEF PRIVACY OFFICER & DE$311,916$0$3,500$0$13,866$0$30,500$0$28,947$0$388,729$0$0$0
CORINNE OSBORN
SR DIR LABOR & EMPL RELS$298,323$0$16,500$0$6,589$0$30,265$0$32,621$0$384,298$0$0$0
RAFAEL PEREZ
VP, CHIEF DIVERSITY OFFICE$303,986$0$10,000$0$4,287$0$29,058$0$35,240$0$382,571$0$0$0
GENEA BELL
VP, CHIEF PEOPLE OFFICER$318,490$0$7,000$0$0$0$16,714$0$13,059$0$355,263$0$0$0
WENDY BOUNDS
VP CHIEF CONTENT OFFICER$270,362$0$15,000$0$29,600$0$26,700$0$1,939$0$343,601$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 4ADURING THE YEAR, LIAM MCCORMACK RECEIVED SEVERANCE PAYMENTS TOTALING $94,537. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COL. B (III).
PART I, LINE 7MARTA TELLADO, ERIC WAYNE, MICHAEL HUBNER, JASON FOX, LAUREN STANICH, LIAM MCCORMACK, JESSICA FREIREICH, ESTHER HAN, SHAR TAYLOR, HEATH GRAYSON, GENEA BELL, PETER DIRENZO, CORINNE OSBORN, RAFEAL PEREZ, AND WENDY BOUNDS RECEIVED DISCRETIONARY BONUS COMPENSATION IN CALENDAR YEAR 2022. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN B (III).

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1CYIDA MULTI-MOD CIV FAC REV BONDS S 2005BusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN521294255BondIssuerEIN
CUSIP986083BN2CUSIPNum
Bond Issued2005-12-22BondIssuedDt
Issue Price$47,300,000IssuePriceAmt
PurposeREFINANCE & RENOS OR HQ FACILITYPurposeDesc
Defeased0DefeasedInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Pool Financing0PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$16,575,000RetiredAmt
Total Proceeds$47,300,000TotalProceedsAmt
Issuance Costs From Proceeds$560,305IssuanceCostsFromProceedsAmt
Credit Enhancement$1,066,734CreditEnhancementAmt
Capital Expenditures$9,980,132CapitalExpendituresAmt
Other Spent Proceeds$35,692,829OtherSpentProceedsAmt
Substantial Completion2007SubstantialCompletionYr
Refunding Tax Exempt BondsYes (1)RefundingTaxExemptBondsInd
Refunding Taxable Bonds0RefundingTaxableBondsInd
Final Allocation MadeYes (1)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (1)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedPropertyInd
Any Lease Arrangements0AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop0MgmtContractBondFincdPropInd
Any Research Agreements0AnyResearchAgreementsInd
Bond Iss Meet Prvt Sec Pymt Test0BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdYes (1)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T Filed0Form8038TFiledInd
Rebate Not Due Yet0RebateNotDueYetInd
Exception To RebateYes (1)ExceptionToRebateInd
No Rebate Due0NoRebateDueInd
Variable Rate IssueYes (1)VariableRateIssueInd
Hedge Identified In Bks And RecYes (1)HedgeIdentifiedInBksAndRecInd

Hedge Provider Name HedgeProviderName

FieldValueIRS element (for citing)
Business Name Line1MORGAN STANLEYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Term Of Hedge30.500000000000TermOfHedgePct
Superintegrated Hedge0SuperintegratedHedgeInd
Hedge Terminated0HedgeTerminatedInd
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGICInd
Gross Proceeds Invested0GrossProceedsInvestedInd
Written Proc To Monitor Reqs0WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective Action0ProceduresCorrectiveActionInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART II, LINE 11 - OTHER SPENT PROCEEDS$35,045,813 OF BOND PROCEEDS WERE USED TO REFUND BONDS ISSUED IN 1989, 1991, AND 1995. ISSUER FEE, TITLE INSURANCE, STATE BOND ISSUANCE CHARGE, SURVEY AND RECORDING FEES: $647,016
PART III, LINE 9 - ESTABLISHMENT OF WRITTEN PROCEDURESON MAY 31, 2015, CR IMPLEMENTED A PROCESS TO MONITOR PRIVATE BUSINESS USE OF THE FACILITY. IN ADDITION, CR CONDUCTED A REVIEW OF THE PAST 5 YEARS OF THE FACILITY USE AND DETERMINED THAT NO PRIVATE USE OF THE FACILITY HAD OCCURRED THAT WAS NOT IN COMPLIANCE WITH THE NEW POLICY.

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution16ContributionCnt
Noncash Contributions Rpt F990$64,345NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE M, PART I, COLUMN (B)FormAndLineReferenceDesc
ExplanationTHE NUMBER 16 REPRESENTS THE NUMBER OF GIFT ITEMS OR CONTRIBUTORS THAT DONATED OF PUBLICLY TRADED SECURITIES RECEIVED BY CONSUMER REPORTS, INC. IN FISCAL YEAR 2023. EACH GIFT ITEM OR CONTRIBUTOR HAS EITHER ONE OR MULTIPLE SHARES OF PUBLICLY TRADED SECURITIES THAT WERE DONATED TO THE ORGANIZATION. THESE SECURITIES ARE SOLD FOR CASH PROMPTLY AFTER CR TAKES POSSESSION.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 4ACONSUMER INFORMATION: CONSUMER REPORTS PUBLISHES AND DISSEMINATES INFORMATION AND ADVICE TO CONSUMERS REGARDING TOPICS SUCH AS CONSUMER GOODS, SERVICES, HEALTH AND PERSONAL FINANCE IN ORDER TO EFFECT IT'S EDUCATIONAL PURPOSE. THE NUMBER OF PAID SUBSCRIBERS FOR EACH AS OF 5/31/23 INCLUDE CONSUMER REPORTS MAGAZINE 2,632,673; CONSUMER REPORTS ON HEALTH 464,376; AND CR ONLINE 2,785,245. CONSUMER REPORTS DOES NOT ACCEPT OUTSIDE ADVERTISING IN ANY OF ITS PUBLICATIONS. IN ADDITION, CONSUMER REPORTS DISSEMINATES CONSUMER INFORMATION THROUGH OTHER PRINT, RADIO, TELEVISION, ELECTRONIC PUBLISHING AND INTERACTIVE MEDIA. PRODUCT INFORMATION: CONSUMER REPORTS CONDUCTS INDEPENDENT AND IMPARTIAL TESTS AND ANALYSES ON A WIDE RANGE OF CONSUMER PRODUCTS AND SERVICES, SUCH AS ELECTRONICS, APPLIANCES, HOUSEHOLD PRODUCTS, INSURANCE, RECREATIONAL GOODS, AND CARS. THE TESTS AND SURVEYS EVALUATE HOW THE PRODUCTS AND SERVICES PERFORM AND EDUCATE CONSUMERS ON THE EXTENT TO WHICH THEY ARE CONVENIENT, SAFE, AND ECONOMICAL. DURING THE FISCAL YEAR ENDED 5/31/23, CONSUMER REPORTS CONDUCTED TESTS AND EVALUATIONS ON MORE THAN 2200 MODELS OF VARIOUS CONSUMER PRODUCTS, MAKING USE OF ABOUT 60 LABORATORIES AND ITS AUTO TRACK. THE INFORMATION GATHERED AS RESULT OF THESE TESTS IS DISSEMINATED TO THE GENERAL PUBLIC AS DESCRIBED ABOVE.
FORM 990, PART III, LINE 4BCONSUMER REPORTS IS DEDICATED TO IMPROVING THE LIVES OF CONSUMERS AND CREATING A FAIR AND JUST MARKETPLACE FOR ALL OF US. WE ARE AN INDEPENDENT, NONPROFIT ORGANIZATION WITH 6 MILLION MEMBERS ACROSS THE U.S. CR SEEKS TO EMPOWER CONSUMERS WITH INFORMATION TO MAKE INFORMED DECISIONS ABOUT THE PRODUCTS THEY BUY, AS WELL AS INFORMATION TO ADVOCATE FOR CONSUMER RIGHTS. IN THE 87 YEARS SINCE CR WAS FOUNDED, WE HAVE BUILT A LEGACY OF TRUST AMONG CONSUMERS BY CONDUCTING EXPERT RIGOROUS SCIENCE-BASED TESTING OF PRODUCTS AND SERVICES, INCENTIVIZING CORPORATIONS TO PRIORITIZE SAFETY AND TRANSPARENCY, AND WORKING WITH POLICYMAKERS TO ENSHRINE THE RIGHTS AND INTERESTS OF CONSUMERS IN LAWS AND REGULATIONS. WE PROVIDE TRUSTED INFORMATION THROUGH TESTING, RATINGS, AND REVIEWS; SURVEYS, REPORTS AND ANALYSES; AND INVESTIGATIVE AND SERVICE JOURNALISM - ALL OF WHICH IS DISSEMINATED THROUGH MULTIPLE DIGITAL AND PRINT PLATFORMS THAT REACH MORE THAN 15 MILLION PEOPLE EACH MONTH. THE PUBLIC CAN ACCESS SUBSTANTIAL FREE CONSUMER EDUCATION INFORMATION AS A PUBLIC SERVICE THROUGH CONSUMERREPORTS.ORG, CR SOCIAL MEDIA CHANNELS, WEBINARS, PARTNERSHIPS WITH 170 ENGLISH AND SPANISH LOCAL TV STATIONS, AND MEDIA COVERAGE. THESE COMBINED EFFORTS LEVERAGE CONSUMER DEMAND TO SHAPE A PRO-CONSUMER MARKETPLACE, AND WE ENGAGE DIRECTLY WITH INDUSTRY TO SET STANDARDS AND PROMOTE SAFETY, DIGITAL RIGHTS, FINANCIAL FAIRNESS AND SUSTAINABILITY PRINCIPLES IN THE DESIGN AND DELIVERY OF PRODUCTS AND SERVICES. CONSUMER REPORTS' LONGSTANDING COMMITMENT TO EDUCATING CONSUMERS AND ADVOCATING FOR LAWS, POLICIES AND PRACTICES THAT BENEFIT CONSUMERS IS EXEMPLIFIED BY OUR FY 23 (JUNE 1, 2022 THROUGH MAY 31, 2023) ACCOMPLISHMENTS, SOME OF WHICH INCLUDE: PRODUCT SAFETY: - CR CHAMPIONS LANDMARK LAW TO HELP PREVENT DEADLY FURNITURE TIP-OVERS EVERY YEAR, MORE THAN 5,000 PEOPLE GO TO THE ER BECAUSE OF DRESSERS AND OTHER CLOTHING STORAGE UNITS THAT TIP OVER AND FALL ONTO THEM. AT LEAST 234 PEOPLE HAVE DIED OVER THE LAST TWO DECADES, ACCORDING TO THE CONSUMER PRODUCT SAFETY COMMISSION. TRAGICALLY, THE LARGE MAJORITY OF TIP-OVER VICTIMS ARE YOUNG CHILDREN. CR HAS WARNED CONSUMERS, FURNITURE MANUFACTURERS, AND POLICYMAKERS ABOUT THE DANGERS OF TIP-OVERS FOR YEARS. ONE OF THE FUNDAMENTAL PROBLEMS HAS BEEN THE LACK OF RULES FOR DRESSER STABILITY. MANUFACTURERS ONLY HAD A VOLUNTARY STANDARD TO GUIDE THEM. CR TESTED DOZENS OF DRESSERS, AND WE FOUND THAT COMPANIES WERE CAPABLE OF MAKING SAFE, STURDY PRODUCTS ACROSS A RANGE OF PRICE POINTS, BUT OTHER DRESSERS WERE UNSTABLE AND PRONE TO TIPPING OVER. WE PROVIDED FREE INFORMATION FOR HOW TO SECURE A DRESSER TO THE WALL WITH ANCHORS. MANY CONSUMERS TOLD US THEY WERE UNAWARE OF ANCHORS OR COULDN'T FIND THEM AT RETAILERS. SOME PEOPLE THOUGHT ANCHORS WERE UNNECESSARY OR TOO COMPLICATED TO USE, AND SOME HAD RENTAL HOMES WITH RULES FOR PUTTING HOLES IN WALLS. IT WAS CLEAR THAT OFFERING ANCHORS ALONE WAS NOT A SOLUTION, AND A VOLUNTARY SAFETY STANDARD WAS NOT SUFFICIENT. WE NEEDED A LAW. CR'S EXPERTS WENT TO CAPITOL HILL TO WORK WITH MEMBERS OF CONGRESS ON A BILL CALLED THE STURDY ACT. THE WORD "STURDY" STANDS FOR "STOP TIP-OVERS OF UNSTABLE, RISKY DRESSERS ON YOUTH." IT CREATES THE FIRST MANDATORY STABILITY STANDARD FOR DRESSERS AND SIMILAR FURNITURE, AND IT ALSO REQUIRES THEM TO BE SOLD WITH WALL ANCHORS. WE MET WITH PARENTS WHOSE CHILDREN HAD BEEN KILLED IN TIP-OVER INCIDENTS. THEY WANTED TO TURN THEIR GRIEF INTO ACTION, AND WE HELPED THEM ORGANIZE THE GROUP "PARENTS AGAINST TIPOVERS." THEY BECAME POWERFUL ADVOCATES FOR THE STURDY ACT, WORKING WITH CR AND OTHER SAFETY AND HEALTH GROUPS. WE ORGANIZED MORE THAN 20,000 PEOPLE TO SIGN PETITIONS TO CONGRESS, AND GENERATED MORE THAN 25,000 PHONE CALLS FROM CONSUMERS TO THEIR SENATORS AND REPRESENTATIVES. WE GOT COMPANIES LIKE HOME DEPOT AND IKEA TO JOIN US IN SUPPORTING THE BILL, AND LAWMAKERS FROM BOTH POLITICAL PARTIES CAME TOGETHER TO CO-SPONSOR IT. IN DECEMBER 2022, CONGRESS APPROVED THE STURDY ACT WAS AS PART OF A LARGER BILL, AND THE PRESIDENT SIGNED IT INTO LAW. IT OFFICIALLY TOOK EFFECT ON SEPTEMBER 1, 2023. - ENSURING THAT SAFETY COMES STANDARD IN EVERY CAR CR IS A LONGTIME ADVOCATE FOR AUTOMATIC EMERGENCY BRAKING (AEB) SYSTEMS. WE BELIEVE THIS LIFE-SAVING TECHNOLOGY SHOULD BE INSTALLED IN EVERY NEW CAR. FOR A VEHICLE TO BE NAMED A CR "TOP PICK," AEB MUST COME AS STANDARD EQUIPMENT. THIS IS PART OF OUR LONG TRADITION OF CREATING INCENTIVES FOR AUTOMAKERS TO MAKE SAFER VEHICLES. WE ALSO MEET REGULARLY WITH INDUSTRY AND REGULATORS TO ADVANCE POLICIES THAT PUT AEB SYSTEMS IN MORE CARS AND TRUCKS. IN MAY 2023 THE NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION (NHTSA) PROPOSED A RULE THAT WOULD REQUIRE ALL NEW PASSENGER VEHICLES TO COME WITH AEB SYSTEMS THAT CAN PREVENT OR MITIGATE FRONTAL CRASHES WITH CARS AND PEDESTRIANS INCLUDING AT HIGHER SPEEDS, AND AT NIGHT. THIS PROPOSED RULE COULD PREVENT OVER 24,000 INJURIES PER YEAR, ACCORDING TO NHTSA. CR WELCOMED THE PROPOSAL, AND WE'RE NOW RECOMMENDING WAYS FOR NHTSA TO IMPROVE AND STRENGTHEN THE RULE. CR IS ALSO ORGANIZING CONSUMERS TO PETITION AUTOMAKERS TO MAKE ANOTHER SAFETY FEATURE AUTOMATIC CRASH NOTIFICATION AVAILABLE FOR FREE IN EVERY NEW VEHICLE. THIS FEATURE CAN AUTOMATICALLY CALL FOR HELP IN AN EMERGENCY AND GIVE THE PRECISE LOCATION OF THE VEHICLE, EVEN IF THE DRIVER CAN'T. IT'S ALREADY MANDATORY IN NEW CARS SOLD IN MOST OF EUROPE. PLUS, CR OPENED OUR NEW AUTO TEST LOOP IN CONNECTICUT TO EVALUATE THE LATEST DRIVER-ASSIST FEATURES. THE LOOP LETS US SAFELY TEST CAR FUNCTIONS SUCH AS LANE CENTERING ASSISTANCE, LANE DEPARTURE WARNING, AND ADAPTIVE CRUISE CONTROL IN REAL-WORLD DRIVING SCENARIOS. THESE TECHNOLOGIES CAN MAKE DRIVING EASIER AND SAFER WHEN THEY ARE DONE CORRECTLY. BUT A POORLY DESIGNED SYSTEM CAN PUT DRIVERS AT SERIOUS RISK. FOOD AND WATER SAFETY: - EXPOSING HEAVY METALS IN DARK CHOCOLATES CR FOUND LEAD AND CADMIUM IN 23 POPULAR DARK CHOCOLATE BRANDS FROM COMPANIES LIKE HERSHEY'S, THEO, AND TRADER JOE'S. STUDIES HAVE SUGGESTED THAT HEAVY METALS LIKE LEAD AND CADMIUM ARE LINKED TO A HOST OF HEALTH PROBLEMS IN CHILDREN AND ADULTS. WE INFORMED CONSUMERS ABOUT WHICH CHOCOLATES HAD THE HIGHEST LEVELS OF HEAVY METALS, AND WHICH ONES WERE FOUND TO BE SAFER. WE ADVISED PEOPLE ON WAYS THAT THEY CAN STILL ENJOY CHOCOLATES WHILE AVOIDING THE RISKS. MORE THAN 75,000 PEOPLE SIGNED CR'S PETITION TO URGE COMPANIES TO GET HEAVY METALS OUT OF THEIR CHOCOLATE PRODUCTS. - WORKING TO REMOVE HARMFUL CHEMICALS FROM OUR FOODS CR IS LEADING THE FIGHT TO REMOVE TOXIC CHEMICALS LIKE RED DYE NO. 3 FROM OUR FOOD. MORE THAN 30 YEARS AGO, THE FOOD AND DRUG ADMINISTRATION BANNED THE USE OF RED DYE NO. 3 IN COSMETICS, CITING STUDIES THAT LINKED THE ADDITIVE TO THYROID CANCER IN ANIMALS. HOWEVER, THE CHEMICAL IS STILL USED IN THOUSANDS OF FOOD PRODUCTS, INCLUDING CANDIES, COOKIES, AND OTHER FOODS MARKETED TO KIDS. IN FY23 CR CO-SPONSORED A BILL IN THE CALIFORNIA LEGISLATURE TO BAN RED DYE NO. 3 IN FOOD, ALONG WITH THREE OTHER FOOD CHEMICALS LINKED TO A RANGE OF HEALTH HARMS. THE HISTORIC BILL WAS SIGNED INTO LAW IN OCTOBER 2023, AND IT WILL GO INTO EFFECT IN JANUARY 2027. WHILE THE LAW APPLIES TO FOODS IN CALIFORNIA, ITS EFFECT COULD BE FELT MUCH FURTHER, AS COMPANIES MAY DECIDE TO OFFER THE SAME FOOD PRODUCTS TO CONSUMERS NATIONWIDE. CR IS ALSO GOING DIRECTLY TO FOOD COMPANIES TO PRESS THEM TO DROP THESE CHEMICALS IMMEDIATELY, AS MANY ARE ALREADY BANNED OR RESTRICTED FROM FOOD SOLD IN EUROPE. THE COMPANY JUST BORN, WHICH MAKES THE POPULAR PEEPS CANDIES, TOLD CR IT WILL NO LONGER USE RED DYE 3 IN ANY OF ITS PRODUCTS AFTER EASTER 2024. - RAISING THE BAR FOR SAFER WATER IN MARCH 2023 THE ENVIRONMENTAL PROTECTION AGENCY PROPOSED ITS FIRST-EVER ENFORCEABLE LIMITS ON PFAS IN WATER. PFAS ARE OFTEN CALLED "FOREVER CHEMICALS" BECAUSE THEY DON'T BREAK DOWN EASILY. PFAS HAVE BEEN ASSOCIATED WITH HEALTH PROBLEMS SUCH INCREASED RISK OF SOME CANCERS, DECREASED FERTILITY, AND REDUCED ABILITY TO FIGHT INFECTIONS. THE EPA'S PROPOSAL FOLLOWED CALLS BY CR FOR STANDARDS TO REDUCE PEOPLE'S EXPOSURE TO PFAS. WE ARE NOW PETITIONING EPA TO FINALIZE AND IMPLEMENT STRONG LIMITS. IN FY23 CR COMPLETED AN INVESTIGATION INTO THE SAFETY OF DRINKING WATER IN MISSISSIPPI, WHICH HAS A HISTORY OF FAILING TO PROVIDE CLEAN, RELIABLE DRINKING WATER FOR RESIDENTS. WE COLLECTED TAP WATER FROM PEOPLE IN ALL 84 COUNTIES ACROSS THE STATE. IN FY24 WE REPORTED THE TROUBLING LEVELS OF PFAS, LEAD, AND OTHER CONTAMINANTS IN THE WATER, WORKING WITH THE LOCAL NEWS ORGANIZATION MISSISSIPPI SPOTLIGHT. WE CALLED ON STATE AND FEDERAL OFFICIALS TO TAKE SPECIFIC ACTIONS TO REDUCE THE RISKS. DIGITAL RIGHTS: - WINNING BIG VICTORIES FOR THE "RIGHT TO REPAIR" YOUR DIGITAL DEVICES
FORM 990, PART III, LINE 4B (CONTINUED)WHEN YOUR SMARTPHONE IS BROKEN, YOU OFTEN HAVE TWO CHOICES: GET IT FIXED BY THE MANUFACTURER'S REPAIR SERVICE FOR A PREMIUM PRICE, OR THROW IT AWAY AND BUY A NEW ONE, WHICH ADDS TO THE TONS OF ELECTRONICS IN LANDFILLS. MANY COMPANIES HAVE REFUSED TO LET PEOPLE TAKE THEIR BROKEN PRODUCTS TO INDEPENDENT REPAIR SHOPS THAT MAY CHARGE MORE COMPETITIVE PRICES, AND MANY WON'T LET CONSUMERS GET THE PARTS THEY NEED TO FIX THEIR DEVICES THEMSELVES. THIS INDUSTRY PRACTICE HAS SPARKED A GRASSROOTS MOVEMENT FOR THE "RIGHT TO REPAIR." THE ISSUE TOUCHES ON THREE OF CR'S PRIORITY AREAS: DIGITAL RIGHTS, SUSTAINABILITY AND FINANCIAL FAIRNESS. CR WROTE A MODEL RIGHT-TO-REPAIR BILL. IT SAYS MANUFACTURERS MUST PROVIDE REPAIR TOOLS, MANUALS, AND REPLACEMENT PARTS TO CONSUMERS AND INDEPENDENT REPAIR SHOPS. OUR MODEL HAS BEEN USED TO CRAFT LEGISLATION IN CONGRESS AND MORE THAN A DOZEN STATES. IN THE NEW YORK LEGISLATURE, OFFICIALS WORKED WITH CR ON A BILL CALLED THE DIGITAL FAIR REPAIR ACT, WHICH FOCUSES ON SMARTPHONES, LAPTOPS, AND TABLETS. THE BILL PASSED OVERWHELMINGLY, BUT COMPANIES CALLED ON THE GOVERNOR TO VETO IT. OUR NEW YORK MEMBERS MADE HUNDREDS OF PHONE CALLS AND SENT THOUSANDS OF EMAILS TO THEIR LEGISLATORS AND THE GOVERNOR. THE NEW YORK DAILY NEWS PUBLISHED AN OP-ED BY CR TO URGE THE GOVERNOR TO SIGN THE BILL. THE GOVERNOR ULTIMATELY DID SIGN IT, AND NEW YORK BECAME THE FIRST STATE WITH A BROAD RIGHT TO REPAIR LAW. BUILDING ON THIS MOMENTUM, CR TOOK THE FIGHT TO MINNESOTA, WHERE THE GOVERNOR SIGNED AN EVEN STRONGER LAW THAT GUARANTEES THE RIGHT TO REPAIR PHONES, APPLIANCES, BUSINESS COMPUTERS, AND OTHER PRODUCTS. IN FY24 THE STATE OF CALIFORNIA PASSED A STRONG RIGHT TO REPAIR LAW OF ITS OWN, AND CR CONTINUES TO PUSH FOR LAWS AT THE STATE AND NATIONAL LEVEL. - A CR INVESTIGATION LEADS TO "GAME CHANGER" FOR DATA PRIVACY FOR THE FIRST TIME EVER, THE FEDERAL GOVERNMENT PUNISHED AN ONLINE COMPANY FOR SHARING ITS USERS' SENSITIVE HEALTH DATA WITH ADVERTISERS. OFFICIALS CREDITED CR FOR DISCOVERING THE PROBLEM. IT STARTED IN 2020, WHEN CR INVESTIGATED GOODRX, AN ONLINE PLATFORM THAT OFFERS DISCOUNTS FOR PRESCRIPTION DRUGS. WE FOUND THAT GOODRX WAS SHARING CONSUMERS' PERSONAL DETAILS WITH MORE THAN 20 OTHER INTERNET-BASED COMPANIES, INCLUDING GOOGLE AND FACEBOOK. THE DATA INCLUDED THE NAMES OF MEDICATIONS PEOPLE WERE RESEARCHING, AND OTHER DETAILS THAT COULD LET THEM PINPOINT WHOSE PHONE OR LAPTOP WAS BEING USED. SHORTLY AFTER OUR STORY WAS PUBLISHED, GOODRX ANNOUNCED THAT IT WOULD TAKE STEPS TO ADDRESS SOME OF THE PROBLEMS RAISED BY CR. IN 2023 THE FEDERAL TRADE COMMISSION ANNOUNCED AN UNPRECEDENTED ENFORCEMENT ACTION AGAINST GOODRX. UNDER A PROPOSED ORDER, THE FTC SAID GOODRX AGREED TO PAY A $1.5 MILLION CIVIL PENALTY FOR FAILING TO REPORT ITS UNAUTHORIZED DISCLOSURE OF CONSUMER HEALTH DATA TO COMPANIES, AND IT AGREED TO STOP THE SHARING PRACTICES. THE FTC SAID IT WAS CR THAT BROUGHT THE ISSUE TO LIGHT. THIS IS THE FIRST TIME THE FTC HAS TAKEN ACTION UNDER A MEASURE CALLED THE HEALTH BREACH NOTIFICATION RULE. IT'S A POTENTIAL GAME-CHANGER FOR DIGITAL RIGHTS. AS CR PRESIDENT MARTA TELLADO TOLD THE ASSOCIATED PRESS: "THIS IS A WIN FOR CONSUMERS, AND IT COULD HAVE A PROFOUND EFFECT ON HOW OUR HEALTH INFORMATION IS KEPT PRIVATE MOVING FORWARD." - SHINING A LIGHT ON THE TRUE COST OF INTERNET SERVICE WITH INPUT FROM CR, THE FEDERAL COMMUNICATIONS COMMISSION PROPOSED A RULE TO MANDATE A "NUTRITION" LABEL FOR INTERNET SERVICES. THE RULE WOULD REQUIRE INTERNET PROVIDERS TO DISPLAY EASY-TO-READ, NUTRITION-STYLE LABELS ABOUT THE ACTUAL COSTS AND TERMS OF SERVICE WHEREVER THEY ADVERTISE THEIR PLANS. IT WOULD HELP CONSUMERS COMPARE PRICES AMONG PROVIDERS, AND BE BETTER INFORMED BEFORE THEY GET LOCKED INTO A CONTRACT. THE FCC ANNOUNCED THE PROPOSAL ON THE SAME DAY THAT CR UNVEILED OUR MASSIVE REPORT ON MORE THAN 22,000 BILLS WE COLLECTED FROM BROADBAND USERS ACROSS THE U.S. WE FOUND FRESH EVIDENCE OF CONFUSING BILLS, HIDDEN FEES, AND A LACK OF COMPETITION AMONG PROVIDERS. WE CITED THIS DATA IN ADVOCATING FOR THE FCC LABEL. MORE THAN 30,000 PEOPLE SIGNED CR'S PETITION TO URGE THE FCC TO FINALIZE A STRONG LABEL. FINANCIAL FAIRNESS: - INVESTIGATING DIGITAL FINANCIAL SERVICES AND EDUCATING CONSUMERS ABOUT THE RISKS IN FY23 CR INTRODUCED THE "FAIR DIGITAL FINANCE FRAMEWORK." THIS FRAMEWORK IS DESIGNED TO EVALUATE THE FAST-GROWING NUMBER OF FINANCIAL APPS AND WEBSITES. THE EVALUATIONS FOCUS ON SAFETY, SECURITY, PRIVACY, TRANSPARENCY, AND OTHER PRINCIPLES. WITH THIS DATA, WE CAN EDUCATE AND EMPOWER CONSUMERS, AND WE CAN ADVOCATE FOR MEANINGFUL STANDARDS. WE FIRST APPLIED THE FRAMEWORK TO FOUR POPULAR PEER-TO-PEER PAYMENT APPS: APPLE CASH, CASH APP, VENMO AND ZELLE. WE FOUND THAT THE APPS CAN BE CONVENIENT, BUT THEY CARRY REAL RISKS. IF YOU GET STUNG BY FRAUD OR YOU SEND A PAYMENT TO THE WRONG PERSON, NONE OF THE APPS WE EVALUATED WOULD INTERVENE OR REIMBURSE YOU. ALL OF THEM COLLECTED A SIGNIFICANT AMOUNT OF PERSONAL INFORMATION, WHICH MAY BE SHARED WITH UNDISCLOSED COMPANIES. IT CAN BE HARD FOR USERS TO DELETE THEIR OWN DATA, AND SOME APPS WERE NOT CLEAR ABOUT WHETHER A CERTAIN PAYMENT WAS COVERED BY FEDERAL INSURANCE. MONTHS LATER, WE USED THE SAME FRAMEWORK TO SIZE UP "BUY NOW, PAY LATER" SERVICES, WHICH HAVE EXPLODED IN POPULARITY. WE FOUND PROBLEMS WITH CONFUSING RATES, MURKY FEES, AND SUBPAR SECURITY. WE PROVIDED TIPS AND ADVICE FOR CONSUMERS TO PROTECT THEMSELVES WHEN USING THESE PRODUCTS. THE EVALUATIONS MADE IT CLEAR THAT FINANCIAL RULES WERE NOT KEEPING PACE WITH THE FAST CONSUMER ADOPTION OF THESE SERVICES. CR HELD A SERIES OF MEETINGS WITH COMPANIES AND GOVERNMENT OFFICIALS TO WALK THROUGH THE FINDINGS AND RECOMMEND SOLUTIONS. THESE STAKEHOLDERS GAVE CR IMPORTANT VALIDATION, SAYING THE FRAMEWORK OFFERS INSIGHTS THAT CAN FILL CRITICAL GAPS IN OVERSIGHT, AND IT PROVIDES CONCRETE DATA ON WHICH POLICIES ARE WORKING, AND WHICH ONES ARE COMING UP SHORT. - CRACKING DOWN ON "JUNK FEES" THE WHITE HOUSE ANNOUNCED A SERIES OF INITIATIVES TO STOP HIDDEN FEES THAT COMPANIES SNEAK ONTO CONSUMERS' BILLS. THE PRESIDENT AND OTHER OFFICIALS CITED CR'S WORK TO EXPOSE AND ELIMINATE THESE KINDS OF FEES OVER THE LAST SEVERAL YEARS. WE ARE NOW ORGANIZING CONSUMERS TO PRESSURE CONGRESS TO PASS BILLS SUCH AS THE JUNK FEE PREVENTION ACT, WHICH AIMS TO GET RID OF EXCESSIVE, HIDDEN, AND UNNECESSARY FEES IMPOSED ON CONSUMERS BY THE TICKETING, HOTEL, AIRLINE, INTERNET, AND PAY-TV INDUSTRIES. CR PROVIDED CONSUMER STORIES AND INPUT TO THE FEDERAL TRADE COMMISSION AS IT DRAFTED A PROPOSED RULE TO ADDRESS JUNK FEES. SUSTAINABILITY: - ASKING AMERICANS ABOUT THE DRIVE TO GO ELECTRIC, AND ADVOCATING FOR CLEAN, AFFORDABLE TRANSPORTATION. CR CONDUCTED OUR LARGEST NATIONALLY REPRESENTATIVE SURVEY EVER TO UNDERSTAND WHAT CONSUMERS THINK ABOUT ELECTRIC VEHICLES (EVS), AND WHAT FACTORS WOULD MAKE PEOPLE MORE OR LESS LIKELY TO GET ONE. THE 2022 SURVEY FOUND THAT 71 PERCENT OF AMERICANS HAD SOME LEVEL OF INTEREST IN BUYING OR LEASING AN EV. THIRTY-FOUR PERCENT SAID THEY WOULD "DEFINITELY OR "SERIOUSLY" CONSIDER GETTING AN EV IF THEY WERE TO BUY A VEHICLE TODAY. AMONG THE REASONS: MORE THAN 3 IN 10 U.S. ADULTS SAID THAT IT COSTS LESS TO CHARGE AN EV THAN TO REFUEL A GAS CAR (33 PERCENT), OVERALL LIFETIME COSTS ARE LOWER (31 PERCENT), AND MAINTENANCE COSTS ARE LOWER (28 PERCENT). FOR THE PEOPLE WHO DID NOT SAY THEY'D "DEFINITELY" BUY OR LEASE AN EV, THE TOP THREE BARRIERS THEY GAVE WERE CHARGING LOGISTICS (SUCH AS WHERE AND WHEN TO CHARGE IT), THE NUMBER OF MILES THE VEHICLE COULD GO BEFORE NEEDING A CHARGE, AND THE COSTS INVOLVED WITH BUYING, OWNING, AND MAINTAINING AN EV. CR SHARED OUR FINDINGS WITH AUTOMAKERS, AND WE TESTIFIED BEFORE CONGRESS, THE ENVIRONMENTAL PROTECTION AGENCY, AND THE DEPARTMENT OF TRANSPORTATION. WE RECOMMENDED WAYS TO REDUCE VEHICLE EMISSIONS, HELP DRIVERS SAVE MONEY ON FUEL, EXPAND THE NUMBER OF EV CHARGING STATIONS, AND EXTEND TAX CREDITS TO HELP LOWER THE COST OF GETTING A NEW OR USED EV. CR WAS INVITED BY THE WHITE HOUSE TO PARTICIPATE IN DISCUSSIONS ABOUT THE TRANSITION TO CLEANER TRANSPORTATION. IN FY23 CR ALSO LAUNCHED A NEW ONLINE HUB TO HELP CAR BUYERS WHO ARE LOOKING INTO EVS AND HYBRIDS AT CR.ORG/HYBRIDS-EVS. - PUSHING FOR NEW STANDARDS TO MINIMIZE THE IMPACT OF GIANT E-COMMERCE WAREHOUSES ON RESIDENTIAL NEIGHBORHOODS. THE EXPLOSIVE GROWTH OF E-COMMERCE HAS LED TO A DRAMATIC INCREASE IN INDUSTRIAL WAREHOUSES TO FULFILL ONLINE ORDERS. A 2021 CR INVESTIGATION FOUND THAT AMAZON OPENED MOST OF ITS WAREHOUSES IN NEIGHBORHOODS WITH A DISPROPORTIONATELY HIGH NUMBER OF PEOPLE OF COLOR AND LOW-INCOME RESIDENTS. WE HEARD FROM RESIDENTS ABOUT POLLUTION, TRAFFIC, AND NOISE IN THEIR COMMUNITIES SINCE THESE WAREHOUSES OPENED.
FORM 990, PART III, LINE 4B (CONTINUED)IN FY23 CR TOOK A CLOSE LOOK AT TWO HUGE AMAZON WAREHOUSES IN BROOKLYN'S RED HOOK NEIGHBORHOOD. WE WORKED WITH RESIDENTS AND LOCAL BUSINESSES TO INSTALL POLLUTION AND TRAFFIC SENSORS. THE SENSORS RECORDED DAILY SPIKES IN TRUCK AND VAN TRAFFIC ON NARROW TWO-LANE STREETS, AND LOGGED MANY DAYS WITH ELEVATED AIR POLLUTION. WITH THESE FINDINGS, CR IS NOW WORKING WITH RESIDENTS AND OFFICIALS TO FIND WAYS TO REDUCE THE ENVIRONMENTAL IMPACT OF THESE WAREHOUSES. MANY OF TODAY'S REGULATIONS WERE WRITTEN DECADES AGO, LONG BEFORE THESE LARGE, ROUND-THE-CLOCK E-COMMERCE FACILITIES EXISTED. IN NEW YORK, CITY AND STATE POLICYMAKERS ARE CITING CR'S INVESTIGATIONS AS THEY INTRODUCE PROPOSALS TO REIN IN THESE BIG OPERATIONS IN THEIR COMMUNITIES.
FORM 990, PART VI, SECTION A, LINE 6MEMBERS, STOCKHOLDERS CONSUMER REPORTS IS A NEW YORK STATE NOT-FOR-PROFIT MEMBERSHIP CORPORATION. THE MEMBERS FOR NEW YORK NOT-FOR-PROFIT LAW PURPOSES ARE ANY INDIVIDUAL WITH A PAID MEMBERSHIP TO THE CONSUMER REPORTS MEMBERSHIP PROGRAM. MEMBERS CAN ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING OF MEMBERS; ADOPT, AMEND OR REPEAL THE BY-LAWS OF THE CORPORATION; CALL A SPECIAL MEETING OF THE MEMBERS UNDER CERTAIN CIRCUMSTANCES; AND EXERCISE SUCH OTHER POWERS AS ARE PROVIDED BY LAW.
FORM 990, PART VI, SECTION A, LINE 7ASEE EXPLANATION ON LINE 6 ABOVE.
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 REVIEW PROCESS THE 990 IS PREPARED UTILIZING THE ASSISTANCE OF AN INDEPENDENT ACCOUNTING FIRM, KPMG. THE RELATED SERVICES FROM KPMG ARE APPROVED BY THE AUDIT COMMITTEE AS PART OF THE AUDIT APPROVAL PROCESS. AFTER THE 990 IS PREPARED BY CR FINANCE DEPARTMENT WITH COORDINATION WITH KPMG, IT IS REVIEWED BY THE CONTROLLER AND CFO BEFORE IT IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. A COPY OF THE 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO ITS FILING.
FORM 990, PART VI, SECTION B, LINE 12CCONFLICT OF INTEREST COMPLIANCE PROCESS CONSUMER REPORTS' BOARD OF DIRECTORS AND STAFF MEMBERS ARE REQUIRED TO FILL OUT AND SIGN A DISCLOSURE OF INTEREST STATEMENT AND ATTESTATION OF COMPLIANCE EACH YEAR. BOARD MEMBERS' FORMS ARE REVIEWED BY A COMMITTEE OF THE BOARD; STAFF MEMBERS' FORMS ARE REVIEWED BY AN OUTSIDE INDEPENDENT REVIEWER. ANY CONFLICTS WILL BE ADDRESSED WITH THE APPLICABLE BOARD OR STAFF MEMBER, WITH UNRESOLVED CONFLICTS ADDRESSED BY THE APPROPRIATE CONFLICT OF INTEREST COMMITTEE. REMEDIES FOR CONFLICTS OF INTEREST INCLUDE RECUSAL FROM PARTICIPATION IN THE MATTER GIVING RISE TO THE CONFLICT, DISPOSING OF AN INVESTMENT, TERMINATION OF EMPLOYMENT OR RESIGNATION.
FORM 990, PART VI, SECTION B, LINE 15THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION PROVIDED TO CR'S PRESIDENT AND SENIOR EXECUTIVE STAFF TO ENSURE THAT THEY ARE CONSISTENT WITH CR'S MISSION, ARE DESIGNED TO ATTRACT AND RETAIN THE HIGH LEVELS OF LEADERSHIP TALENT NEEDED TO ACHIEVE CR'S OPERATING PLANS, AND ARE COMPLIANT WITH LAW. TO THAT END, THE EXECUTIVE COMMITTEE (1) RECOMMENDS TO THE BOARD OF DIRECTORS COMPENSATION PLANS AND PAY LEVELS FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER, TAKING INTO ACCOUNT PEER GROUP PRACTICES AND ANY SPECIAL CONSIDERATIONS, AS WELL AS EMPLOYMENT AGREEMENTS; (2) REVIEWS THE COMPENSATION OF THE PRESIDENT AND SENIOR EXECUTIVE STAFF TO ENSURE COMPLIANCE WITH THE IRS INTERMEDIATE SANCTION REQUIREMENTS; AND (3) REVIEWS AND APPROVES (A) FOR EXECUTIVES REPORTING DIRECTLY TO THE PRESIDENT, ANY PROPOSED COMPENSATION INCREASE FOR CURRENT EXECUTIVES AND THE PROPOSED COMPENSATION FOR ANY NEW HIRE AND (B) FOR EXECUTIVES NOT REPORTING DIRECTLY TO THE PRESIDENT, (I) ANY PROPOSED COMPENSATION INCREASE THAT EXCEEDS THE ANNUAL SALARY INCREASE GUIDELINES ESTABLISHED BY PEOPLE AND CULTURE AND (II) THE PROPOSED COMPENSATION FOR ANY NEW EXECUTIVE HIRE THAT EXCEEDS THE MARKET MEDIAN AS REPORTED IN EXECUTIVE COMPENSATION STUDIES CONDUCTED BY A THIRD PARTY EXECUTIVE COMPENSATION CONSULTING FIRM. THE EXECUTIVE COMMITTEE'S RECOMMENDATION ON THE PRESIDENT'S COMPENSATION PLANS AND PAY LEVELS IS VOTED ON BY THE FULL BOARD OF DIRECTORS. DELIBERATIONS AND DECISIONS REGARDING THE FOREGOING COMPENSATION ARRANGEMENTS ARE CONTEMPORANEOUSLY RECORDED IN THE ORGANIZATION'S MINUTES. TO ENSURE COMPLIANCE WITH THE IRS INTERMEDIATE SANCTIONS AS REQUIRED AND MEET THE CONDITIONS FOR THE REBUTTABLE PRESUMPTION UNDER TREASURY REGULATION 53.4958-6, THE COMMITTEE THAT DETERMINES COMPENSATION OF EXECUTIVES ARE COMPOSED OF MEMBERS WHO ARE INDEPENDENT WITH RESPECT TO THE COMPENSATION ARRANGEMENTS. THE FOREGOING PROCESS FOR ESTABLISHING COMPENSATION FOR THE INDICATED PERSONS WAS LAST UNDERTAKEN IN JULY 2023.
FORM 990, PART VI, SECTION C, LINE 19PUBLIC AVAILABILITY OF FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS CONSUMER REPORTS' ANNUAL FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON ITS WEBSITE, WWW.CONSUMERREPORTS.ORG. OUR GOVERNING DOCUMENTS, FORM 1023, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:UNREALIZED GAIN INTEREST RATE SWAP 1,113,666. PENSION RELATED CHANGES -1,822,822. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -179,105. ROUNDING -727.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Primary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
CHARITABLE REMAINDER TRUST (3)
ANNUITYNYN/ATYes (1)
(no name)
Yes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd