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CONSUMER REPORTS INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
CONSUMER REPORTS INC (EIN 13-1776434)
Tax period
2020-06-01 to 2021-05-31
Filed
2022-03-28
IRS object ID
202220879349300232
Schema version
2020v4.2
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)
Return2022-03-28T15:04:51-05:00ReturnTs
Tax Period End2021-05-31TaxPeriodEndDt

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
ZIP10154ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-06-01TaxPeriodBeginDt

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
Signature2022-03-23SignatureDt
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

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEVAN W SEEKAMPPreparerPersonNm
PTINP01907071PTIN
Phone2127589700PhoneNum
Preparation2022-03-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

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
ZIP10703ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$282,822,257GrossReceiptsAmt
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 Independent16VotingMembersIndependentCnt
Total Employee635TotalEmployeeCnt
Total Volunteers19TotalVolunteersCnt
Total Gross UBI$13,624,744TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$4,771,700NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$31,958,978PYContributionsGrantsAmt
CY Contributions Grants$36,061,646CYContributionsGrantsAmt
PY Program Service Revenue$211,879,759PYProgramServiceRevenueAmt
CY Program Service Revenue$225,861,453CYProgramServiceRevenueAmt
PY Investment Income$5,551,753PYInvestmentIncomeAmt
CY Investment Income$12,748,098CYInvestmentIncomeAmt
PY Other Revenue$732,438PYOtherRevenueAmt
CY Other Revenue$881,364CYOtherRevenueAmt
PY Total Revenue$250,122,928PYTotalRevenueAmt
CY Total Revenue$275,552,561CYTotalRevenueAmt
PY Grants And Similar Paid$259,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$145,100CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$95,643,150PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$99,383,462CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$276,278PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$189,046CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$11,562,937CYTotalFundraisingExpenseAmt
PY Other Expenses$138,783,619PYOtherExpensesAmt
CY Other Expenses$139,354,640CYOtherExpensesAmt
PY Total Expenses$234,962,047PYTotalExpensesAmt
CY Total Expenses$239,072,248CYTotalExpensesAmt
PY Revenues Less Expenses$15,160,881PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$36,480,313CYRevenuesLessExpensesAmt
Total Assets BOY$399,304,068TotalAssetsBOYAmt
Total Assets EOY$503,278,353TotalAssetsEOYAmt
Total Liabilities BOY$221,992,497TotalLiabilitiesBOYAmt
Total Liabilities EOY$214,157,470TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$177,311,571NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$289,120,883NetAssetsOrFundBalancesEOYAmt
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$190,758,356ExpenseAmt
Revenue$225,861,453RevenueAmt
DescCONSUMER INFORMATION, PRODUCT INFORMATION. SEE SCHEDULE O FORADDITIONAL INFORMATION.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$15,246,371ExpenseAmt
Grant$145,100GrantAmt
DescEDUCATION PROGRAMS, HEALTH INFORMATION AND SAFETY. SEESCHEDULE O FOR ADDITIONAL INFORMATION.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$206,004,727TotalProgramServiceExpensesAmt
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 Document184IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee635EmployeeCnt
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 Member16IndependentVotingMemberCnt
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
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
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 FldMOStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNVStatesWhereCopyOfReturnIsFldCd
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 (33 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
ANNETTE LOVOI
CHAIR THRU 10/23/202.000.00Yes (X)$0$0$0
THOMAS C VOICE
VICE CHAIR & DIRECTOR THRU 10/21/202.000.00Yes (X)$0$0$0
JOAQUIN ALVARADO
CHAIR AS OF 10/23/202.000.00Yes (X)$0$0$0
DEBORAH A COWAN
TREASURER AS OF 10/23/202.000.00Yes (X)$0$0$0
A YESIM ORHUN
TREASURER AND DIRECTOR THRU 9/22/202.000.00Yes (X)$0$0$0
KATHLEEN ENGEL
DIRECTOR2.000.00Yes (X)$0$0$0
JOANNE HOVIS
DIRECTOR2.000.00Yes (X)$0$0$0
WILLIE E MAY
DIRECTOR2.000.00Yes (X)$0$0$0
EDMUND MIERZWINSKI
DIRECTOR2.000.00Yes (X)$0$0$0
STEPHEN P HOOVER
DIRECTOR AS OF 10/21/202.000.00Yes (X)$0$0$0
JAMESON KELLEHER
DIRECTOR AS OF 10/21/202.000.00Yes (X)$0$0$0
RUSSELL G NOLES
DIRECTOR2.000.00Yes (X)$0$0$0
WILLARD P OGBURN
SECRETARY AS OF 10/23/202.000.00Yes (X)$0$0$0
BETSY D SCOLNIK
DIRECTOR2.000.00Yes (X)$0$0$0
MICAH L SIFRY
DIRECTOR AS OF 10/21/202.000.00Yes (X)$0$0$0
TAREN STINEBRICKNER-KAUFFMAN
DIRECTOR2.000.00Yes (X)$0$0$0
CALVIN SIMS
DIRECTOR AS OF 10/21/202.000.00Yes (X)$0$0$0
ELLEN TAUS
DIRECTOR2.000.00Yes (X)$0$0$0
ASTRID VERMEER
DIRECTOR AS OF 10/21/202.000.00Yes (X)$0$0$0
MARTA L TELLADO
PRESIDENT & CEO45.000.00$762,624$0$31,517Yes (X)
LEONORA WIENER
SR. VP & COO45.000.00$504,384$0$43,580Yes (X)
ERIC WAYNE
SR. VP & CFO45.000.00$385,806$0$70,328Yes (X)
JASON FOX
VP, CHIEF DIGITAL OFFICER45.000.00$414,194$0$67,578Yes (X)
MICHAEL HUBNER
VP, GENERAL COUNSEL45.000.00$433,339$0$29,726Yes (X)
LIAM MCCORMACK
VP, RESEARCH, TEST & INSIGHTS45.000.00$402,365$0$55,601Yes (X)
LAUREN STANICH
VP, CHIEF MARKETING OFFICER45.000.00$383,937$0$57,975Yes (X)
SHAR TAYLOR
VP, CHIEF SOCIAL IMPACT OFFICER45.000.00$339,637$0$40,670Yes (X)
RAFAEL PEREZ
VP, CHIEF HR OFFICER45.000.00$303,839$0$53,855Yes (X)
GWENDOLYN BOUNDS
VP, CHIEF CONTENT OFFICER45.000.00$403,343$0$31,432Yes (X)
ESTHER HAN
VP, NEW PRODUCTS & SERVICE45.000.00$344,526$0$59,361Yes (X)
MATTHEW ANCHIN
VP CHIEF COMM OFCR THRU 04/03/2045.000.00$337,918$0$11,410Yes (X)
PETER DIRENZO
CHIEF TECHNOLOGY OFFICER45.000.00$310,060$0$67,322Yes (X)
HEATH GRAYSON
CHIEF PRIVACY OFFICER & DEPUTY GC45.000.00$309,375$0$67,871Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$5,635,347TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$688,226TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K372IndivRcvdGreaterThan100KCnt
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$10,449,361
QUAD GRAPHICS
N61 W23044 HARRYS WAYSUSSEXWI53089PRINTING$5,274,386
DIAMOND COMMUNICATIONS
1209 31ST AVENUECOUNCIL BLUFFSIA51501FULFILLMENT SERVICES$4,942,371
EPAM SYSTEMS INC
41 UNIVERSITY DR SUITE 202NEWTONPA18940INFORMATION TECHNOLOGY SERVICES$3,730,877
TELERX MARKETING INC
723 DRESHER RDHORSHAMPA19044MARKETING$3,543,316
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K89CntrctRcvdGreaterThan100KCnt
Government Grants$9,932GovernmentGrantsAmt
All Other Contributions$36,051,714AllOtherContributionsAmt
Noncash Contributions$55,382NoncashContributionsAmt
Total Contributions$36,061,646TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
ONLINE SUBSCRIPTION SALES519130$129,084,132$115,459,388$13,624,744
SUBSCRIPTION, NEWSSTAND & OTHER511120$93,788,274$93,788,274
DATA INTELLIGENCE519190$2,868,330$2,868,330
TESTING REVENUE541380$120,717$120,717
FieldValueIRS element (for citing)
Total Program Service Revenue$225,861,453TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,014,487TotalRevenueColumnAmt
Exclusion$1,014,487ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$881,364TotalRevenueColumnAmt
Exclusion$881,364ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$204,782RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$204,782RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$18,798,525SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$7,064,914SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$11,733,611SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,733,611TotalRevenueColumnAmt
Exclusion$11,733,611ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$275,552,561TotalRevenueColumnAmt
Related Or Exempt Func Income$212,236,709RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$13,624,744UnrelatedBusinessRevenueAmt
Exclusion$13,629,462ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$145,100TotalAmt
Program Services$145,100ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$4,244,060TotalAmt
Program Services$1,876,751ProgramServicesAmt
Management And General$1,993,587ManagementAndGeneralAmt
Fundraising$373,722FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$71,165,966TotalAmt
Program Services$61,502,460ProgramServicesAmt
Management And General$7,886,513ManagementAndGeneralAmt
Fundraising$1,776,993FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$7,439,515TotalAmt
Program Services$6,529,702ProgramServicesAmt
Management And General$743,449ManagementAndGeneralAmt
Fundraising$166,364FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$11,123,701TotalAmt
Program Services$9,680,115ProgramServicesAmt
Management And General$1,175,789ManagementAndGeneralAmt
Fundraising$267,797FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$5,410,220TotalAmt
Program Services$4,675,575ProgramServicesAmt
Management And General$599,553ManagementAndGeneralAmt
Fundraising$135,092FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$526,844TotalAmt
Program Services$7,881ProgramServicesAmt
Management And General$496,156ManagementAndGeneralAmt
Fundraising$22,807FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$579,609TotalAmt
Management And General$579,609ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$189,046TotalAmt
Fundraising$189,046FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$399,232TotalAmt
Management And General$399,232ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$9,575,103TotalAmt
Program Services$7,974,585ProgramServicesAmt
Management And General$1,587,362ManagementAndGeneralAmt
Fundraising$13,156FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$28,139,974TotalAmt
Program Services$27,469,029ProgramServicesAmt
Management And General$102,882ManagementAndGeneralAmt
Fundraising$568,063FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,127,480TotalAmt
Program Services$724,987ProgramServicesAmt
Management And General$397,161ManagementAndGeneralAmt
Fundraising$5,332FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$6,843,915TotalAmt
Program Services$5,629,448ProgramServicesAmt
Management And General$1,192,248ManagementAndGeneralAmt
Fundraising$22,219FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,791,686TotalAmt
Program Services$2,547,914ProgramServicesAmt
Management And General$227,274ManagementAndGeneralAmt
Fundraising$16,498FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$80,801TotalAmt
Program Services$79,315ProgramServicesAmt
Management And General$1,465ManagementAndGeneralAmt
Fundraising$21FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$67,950TotalAmt
Program Services$56,851ProgramServicesAmt
Management And General$9,885ManagementAndGeneralAmt
Fundraising$1,214FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,084,717TotalAmt
Management And General$1,084,717ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$15,200,195TotalAmt
Program Services$14,692,048ProgramServicesAmt
Management And General$478,273ManagementAndGeneralAmt
Fundraising$29,874FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,088,298TotalAmt
Management And General$1,088,298ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
POSTAGE AND SHIPPING$28,239,972$24,355,767$1,872$3,882,333
PRINTING & PUBLICATION$15,275,657$13,070,821$971$2,203,865
ORDER PROCESSING$12,624,214$10,927,340$10,774$1,686,100
PRODUCT TESTING$3,129,310$3,129,310

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$12,579,683TotalAmt
Program Services$10,929,728ProgramServicesAmt
Management And General$1,447,514ManagementAndGeneralAmt
Fundraising$202,441FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$239,072,248TotalAmt
Program Services$206,004,727ProgramServicesAmt
Management And General$21,504,584ManagementAndGeneralAmt
Fundraising$11,562,937FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$442,282BOYAmt
EOY$863,098EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$25,078,542BOYAmt
EOY$52,751,890EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$939,540BOYAmt
EOY$2,094,250EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$9,840,085BOYAmt
EOY$7,590,147EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$3,460,771BOYAmt
EOY$2,487,724EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$7,180,652BOYAmt
EOY$7,246,658EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$227,830,718LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$170,468,060LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$59,867,318BOYAmt
EOY$57,362,658EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$290,107,652BOYAmt
EOY$364,539,274EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,387,226BOYAmt
EOY$8,342,654EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$399,304,068BOYAmt
EOY$503,278,353EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$20,033,447BOYAmt
EOY$26,390,816EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$115,081,503BOYAmt
EOY$113,292,584EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$35,391,000BOYAmt
EOY$33,858,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$51,486,547BOYAmt
EOY$40,616,070EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$221,992,497BOYAmt
EOY$214,157,470EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$169,806,140BOYAmt
EOY$280,429,820EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,505,431BOYAmt
EOY$8,691,063EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$177,311,571BOYAmt
EOY$289,120,883EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$399,304,068BOYAmt
EOY$503,278,353EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$36,480,313ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$61,793,325NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$13,535,674OtherChangesInNetAssetsAmt
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$35,414,377CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$28,653,917CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$35,065,192CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$31,958,978CurrentTaxYearMinus1YearAmt
Current Tax Year$36,061,646CurrentTaxYearAmt
Total$167,154,110TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$35,414,377CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$28,653,917CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$35,065,192CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$31,958,978CurrentTaxYearMinus1YearAmt
Current Tax Year$36,061,646CurrentTaxYearAmt
Total$167,154,110TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,059,814SubstantialContributorsTotAmt
Public Support Total170$163,094,296PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,189,397CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,080,905CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,575,454CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,426,959CurrentTaxYearMinus1YearAmt
Current Tax Year$2,100,633CurrentTaxYearAmt
Total$11,373,348TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,471,562CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,833,300CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,117,392CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,287,901CurrentTaxYearMinus1YearAmt
Current Tax Year$4,771,700CurrentTaxYearAmt
Total$13,481,855TotalAmt
FieldValueIRS element (for citing)
Total Support$192,009,313TotalSupportAmt
Gross Receipts Rltd Activities$1,016,617,717GrossReceiptsRltdActivitiesAmt
Public Support CY1700.84940PublicSupportCY170Pct
Public Support PY1700.86860PublicSupportPY170Pct
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 AdvertisementsYes (1)MediaAdvertisementsInd
Media Advertisements$6,615MediaAdvertisementsAmt
Mailings MembersYes (1)MailingsMembersInd
Mailings Members$102,813MailingsMembersAmt
Publications Or BroadcastYes (1)PublicationsOrBroadcastInd
Publications Or Broadcast$264,939PublicationsOrBroadcastAmt
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (1)DirectContactLegislatorsInd
Direct Contact Legislators$230,533DirectContactLegislatorsAmt
Rallies DemonstrationsYes (1)RalliesDemonstrationsInd
Rallies Demonstrations$16,903RalliesDemonstrationsAmt
Other Activities0OtherActivitiesInd
Total Lobbying Expenditures$621,803TotalLobbyingExpendituresAmt
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 1C - MEDIA ADVERTISEMENTS: MEDIA SPACE PURCHASED IN PRINT AND RADIO AND SOCIAL MEDIA REGARDING STATE OR FEDERAL LEGISLATION. 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$71,248,439OtherCostOrOtherBasisAmt
Depreciation$49,927,651DepreciationAmt
Book Value$21,320,788BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$795,261OtherCostOrOtherBasisAmt
Depreciation$572,329DepreciationAmt
Book Value$222,932BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$26,033,042OtherCostOrOtherBasisAmt
Depreciation$23,312,772DepreciationAmt
Book Value$2,720,270BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$117,818,721OtherCostOrOtherBasisAmt
Depreciation$96,655,308DepreciationAmt
Book Value$21,163,413BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$57,362,658TotalBookValueLandBuildingsAmt
Federal Income Tax Liability$290,000FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (8 entries)

DescDescAmtAmt
PENSION LIABILITY$17,114,930
CHARITABLE GIFT ANNUITY$8,559,214
LIABILITY DERIVATIVE INSTRUMENT$5,040,966
457(B) LIABILITY$4,511,000
ASC 712 LIABILITY$1,883,356
OPERATING LEASE LIABILITY$1,236,000
LIFETIME SUBSCRIBER LIABILITY$1,191,000
OTHER DEFERRED$789,604
FieldValueIRS element (for citing)
Total Liability$40,616,070TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$350,713,000TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$61,793,325NetUnrealizedGainsInvstAmt
Other Revenue$13,537,634OtherRevenueAmt
Revenue Not Reported$75,330,959RevenueNotReportedAmt
Revenue Subtotal$275,382,041RevenueSubtotalAmt
Investment Expenses Not Incld$374,115InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$203,595OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$170,520RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$275,552,561TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$238,903,000TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$238,903,000ExpensesSubtotalAmt
Investment Expenses Not Incld2$374,115InvestmentExpensesNotIncld2Amt
Other Expenses Not Included-$204,867OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$169,248ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$239,072,248TotalExpensesPerForm990Amt

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 INTERNAL REVENUE CODE, CONSUMER REPORTS [CR] IS EXEMPT FROM TAXES ON INCOME, EXCEPT FOR UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED MAY 31, 2021 AND 2020, PROVISIONS FOR INCOME TAXES WERE $1,362,000 AND $993,000, 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, 2018, 2019 AND 2020 ARE SUBJECT TO EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES.
PART XI, LINE 2D - OTHER ADJUSTMENTS:PENSION RELATED CHARGES 11,103,200. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 402,000. UNREALIZED LOSS ON INTEREST RATE SWAP 2,032,434.
PART XI, LINE 4B - OTHER ADJUSTMENTS:RENTAL EXPENSES -204,782. OTHER ROUNDING 1,187.
PART XII, LINE 4B - OTHER ADJUSTMENTS:RENTAL EXPENSES -204,782. OTHER ROUNDING -85.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
EUROPE00PROGRAM SERVICESPUBLICATION INFO.$1,021,903
NORTH AMERICA00PROGRAM SERVICESPUBLICATION INFO.$1,100,437
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$2,122,340SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$2,122,340TotalSpentAmt
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 AVE SUITE 3SEEKONKMA02771PLANNED GIVING AND BEQUEST PROGRAM DEVELOPMENT AND LEADERSHI0$0$43,721-$43,721
JULIA LEIBEE
1839 NORTH KINGSLEY DRIVE 5LOS ANGELESCA90027STRATEGIC AND CREATIVE CONSULTING ON GRANT PROPOSALS.0$0$20,275-$20,275
PARISE MARKETING GROUP INC
2487 ROUTE 55 SUITE EHOPEWELL JUNCTIONNY12533STRATEGIC AND CREATIVE CONSULTING ON DIRECT MAIL FUNDRAISING0$0$54,000-$54,000
SAGE COMMUNICATIONS
28 JOHN H FINLEY III WAY STE 202FRAMINGHAMMA017014193STRATEGIC AND CREATIVE CONSULTING ON DIRECT MAIL FUNDRAISING0$0$13,500-$13,500
EIDOLON COMMUNICATIONS
15 MAIDEN LN STE 1401NEW YORKNY100385113STRATEGIC AND CREATIVE CONSULTING ON DIRECT MAIL FUNDRAISING0$0$36,000-$36,000
TOM GAFFNY CONSULTING
71 CLIFF ROADWELLESLEYMA02481STRATEGIC AND CREATIVE CONSULTING ON DIRECT MAIL FUNDRAISING0$0$21,550-$21,550
FieldValueIRS element (for citing)
Total Retained By Contractors$189,046TotalRetainedByContractorsAmt
Total Net To Organization-$189,046TotalNetToOrganizationAmt
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
DUKE UNIVERSITY
324 BLACKWELL STDURHAMNC22701560532129501(C)(3)$80,000ARCHIVES PROJECT
NEW YORK UNIVERSITY
25 WEST 4TH STREET 4TH FLOORNEW YORKNY100121119135562308501(C)(3)$50,000NYC MEDIA LAB
CENTER FOR AUTO SAFETY
4400 JENIFER ST NW SUITE 331WASHINGTONDC200152113520902868501(C)(3)$10,000AUTO SAFETY ADVOCACY
FieldValueIRS element (for citing)
Total501c3 Org3Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

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 Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 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$715,500$0$0$0$47,124$0$28,500$0$3,017$0$794,141$0$0$0
LEONORA WIENER
SR. VP & COO$481,150$0$0$0$23,234$0$28,500$0$15,080$0$547,964$0$0$0
JASON FOX
VP, CHIEF DIGITAL OFFICER$398,623$0$0$0$15,571$0$28,500$0$39,078$0$481,772$0$0$0
MICHAEL HUBNER
VP, GENERAL COUNSEL$415,846$0$0$0$17,493$0$28,500$0$1,226$0$463,065$0$0$0
LIAM MCCORMACK
VP, RESEARCH, TEST & INSIGHTS$388,590$0$0$0$13,775$0$28,500$0$27,101$0$457,966$0$0$0
ERIC WAYNE
SR. VP & CFO$372,478$0$0$0$13,328$0$28,500$0$41,828$0$456,134$0$0$0
LAUREN STANICH
VP, CHIEF MARKETING OFFICER$380,325$0$0$0$3,612$0$20,604$0$37,371$0$441,912$0$0$0
GWENDOLYN BOUNDS
VP, CHIEF CONTENT OFFICER$389,550$0$0$0$13,793$0$28,500$0$2,932$0$434,775$0$0$0
ESTHER HAN
VP, NEW PRODUCTS & SERVICE$325,443$0$0$0$19,083$0$28,463$0$30,898$0$403,887$0$0$0
SHAR TAYLOR
VP, CHIEF SOCIAL IMPACT OFFICER$332,943$0$0$0$6,694$0$25,350$0$15,320$0$380,307$0$0$0
PETER DIRENZO
CHIEF TECHNOLOGY OFFICER$305,004$0$0$0$5,056$0$28,500$0$38,822$0$377,382$0$0$0
HEATH GRAYSON
CHIEF PRIVACY OFFICER & DEPUTY GC$303,426$0$0$0$5,949$0$28,500$0$39,371$0$377,246$0$0$0
RAFAEL PEREZ
VP, CHIEF HR OFFICER$301,157$0$0$0$2,682$0$19,731$0$34,124$0$357,694$0$0$0
MATTHEW ANCHIN
VP CHIEF COMM OFCR THRU 04/03/20$93,150$0$0$0$244,768$0$9,324$0$2,086$0$349,328$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 4AFormAndLineReferenceDesc
ExplanationSEVERANCE PAYMENT - MATTHEW ANCHIN - $220,405ExplanationTxt

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$13,300,000RetiredAmt
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
Private Bus Use By Others0.00000PrivateBusUseByOthersPct
Private Bus Concerning UBI0.00000PrivateBusConcerningUBIPct
Total Private Business Use0.00000TotalPrivateBusinessUsePct
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
Contribution19ContributionCnt
Noncash Contributions Rpt F990$55,382NoncashContributionsRptF990Amt
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 19 REPRESENTS THE NUMBER OF GIFT ITEMS OR CONTRIBUTORS THAT DONATED OF PUBLICLY TRADED SECURITIES RECEIVED BY CONSUMER REPORTS, INC. IN FISCAL YEAR 2021. 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 5/31/21 INCLUDE CONSUMER REPORTS MAGAZINE 3,074,597; CONSUMER REPORTS ON HEALTH 565,157; AND CR ONLINE 2,930,279. 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 5/31/21, CONSUMER REPORTS CONDUCTED TESTS AND EVALUATIONS ON MORE THAN 2,100 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 4BEDUCATION AND ADVOCACY PROGRAMS: CONSUMER 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 INFORM AND EMPOWER CONSUMERS TO ESTABLISH A NEW ERA OF CONSUMER RIGHTS. IN THE 85 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 HELPING POLICYMAKERS 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 CR.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 21 (JUNE 1, 2020 THROUGH MAY 31, 2021) ACCOMPLISHMENTS, SOME OF WHICH INCLUDE: SAFETY: - MAJOR NEW SAFETY STANDARD APPROVED FOR INFANT SLEEP PRODUCTS THE U.S. CONSUMER PRODUCT SAFETY COMMISSION (CPSC) APPROVED A NEW FEDERAL RULE THAT WILL ENSURE THAT PRODUCTS MARKETED OR INTENDED FOR INFANT SLEEP WILL PROVIDE A SAFE SLEEP ENVIRONMENT FOR BABIES UNDER 5 MONTHS OLD. BEGINNING IN MID-2022, ANY PRODUCT INTENDED OR MARKETED FOR INFANT SLEEP MUST MEET A FEDERAL SAFETY STANDARDS REQUIREMENT THAT DOES NOT EXIST TODAY. THE RULE WAS DRAFTED IN FY21, AND FINALIZED IN THE FIRST DAYS OF FY22. THIS LANDMARK RULE COMES AFTER YEARS OF WORK BY CR, PEDIATRICIANS, AND OTHER SAFETY ADVOCATES TO SHINE A LIGHT ON THE DANGERS OF INFANT SLEEP PRODUCTS THAT WERE MANUFACTURED WITHOUT SAFETY REQUIREMENTS. MORE THAN 100 INFANT DEATHS ARE ASSOCIATED WITH INCLINED SLEEPERS, AND AT LEAST 23 DEATHS ARE LINKED TO UNREGULATED FLAT SLEEP PRODUCTS, INCLUDING IN-BED SLEEPERS, ACCORDING TO A CR ANALYSIS AND DATA FROM THE CPSC. THE PUSH FOR A SAFETY RULE WAS ACCELERATED BY CR'S INVESTIGATION OF DANGEROUS BABY PRODUCTS, WHICH LED TO THE RECALL OF 5.6 MILLION INCLINED SLEEPERS IN FY19 AND FY20. CR SHARED FINDINGS WITH RETAILERS SUCH AS AMAZON, BUY BUY BABY, EBAY, AND WALMART, WHICH EVENTUALLY AGREED TO HALT SALES OF INCLINED SLEEP PRODUCTS IN FY21. THOUSANDS OF CR MEMBERS WROTE THE CPSC AND CONGRESS IN SUPPORT OF SAFETY STANDARDS, AND CR ADVOCATES WORKED WITH THE CPSC TO HELP SHAPE AND ADVANCE THIS HISTORIC RULE. CR PROVIDES CONSUMERS WITH FREE INFORMATION ON OUR WEBSITE AND SOCIAL MEDIA CHANNELS ABOUT THE DANGERS OF THESE INFANT SLEEP PRODUCTS, AS WELL AS THE EXPERT ADVICE PROVIDED BY THE AMERICAN ACADEMY OF PEDIATRICS ABOUT THE STEPS THAT PARENTS AND CAREGIVERS CAN TAKE TO HELP ENSURE SAFE SLEEP FOR THEIR BABIES. - CR EXPOSES PFAS CHEMICALS IN TAP WATER, WORKS TO REMOVE PFAS FROM WATER, FOOD, AND AIR 97.5% OF TAP WATER SAMPLES TESTED BY CR HAD MEASURABLE LEVELS OF PFAS, A GROUP OF COMPOUNDS KNOWN AS "FOREVER CHEMICALS" BECAUSE THEY DON'T NATURALLY BREAK DOWN. PFAS ARE LINKED TO LEARNING DELAYS IN CHILDREN, CANCER, AND OTHER HEALTH PROBLEMS. THESE FINDINGS WERE PART OF A YEAR-LONG EXAMINATION OF THE NATION'S WATER CONDUCTED BY CR AND THE GUARDIAN US. WE SELECTED 120 PEOPLE AROUND THE NATION, OUT OF A POOL OF MORE THAN 6,000 VOLUNTEERS, TO TEST THEIR TAP WATER FOR PFAS, ARSENIC, LEAD, AND OTHER CONTAMINANTS. THEIR SAMPLES CAME FROM WATER SYSTEMS THAT TOGETHER SERVE MORE THAN 19 MILLION PEOPLE. CR IS NOW PROVIDING FREE INFORMATION FOR CONSUMERS ON HOW TO CHECK, TEST, AND FILTER THEIR WATER FOR PFAS, AND WE ARE WORKING WITH MEMBERS OF CONGRESS TO PASS THE BIPARTISAN "PFAS ACTION ACT." THIS BILL WOULD HELP MINIMIZE HARMFUL EXPOSURE TO THESE CHEMICALS BY REQUIRING STRICT STANDARDS TO KEEP PFAS OUT OF OUR AIR AND WATER, AND IT WOULD FACILITATE THE CLEANUP OF CONTAMINATED SITES THAT POLLUTE COMMUNITIES AND ENDANGER PUBLIC HEALTH. CALIFORNIA RECENTLY BECAME THE SEVENTH STATE IN THE NATION TO BAN PFAS IN FOOD PACKAGING. CR MOBILIZED CALIFORNIA CONSUMERS TO CONTACT THEIR STATE LEGISLATORS AND URGE THEM TO VOTE "YES" ON THE BAN. - CR PUSHES TO RAISE THE STANDARDS FOR FURNITURE SAFETY 11,300 CHILDREN WERE TREATED IN HOSPITAL EMERGENCY ROOMS FOR INJURIES RELATED TO FURNITURE TIP-OVERS EACH YEAR, ON AVERAGE, BETWEEN 2017 AND 2019, ACCORDING TO THE CPSC. CR HAS TESTED DRESSERS FOR STABILITY SINCE 2018. OUR TESTS SHOW THAT SOME DRESSERS POSE A SERIOUS TIP-OVER RISK, WHILE THERE ARE STABLE CHOICES AVAILABLE AT A VARIETY OF PRICE POINTS. MANUFACTURERS HAVE ONLY A VOLUNTARY STABILITY STANDARD, WHICH CR HAS ASSESSED AS TOO WEAK, AND A SHOPPER CANNOT JUDGE WHETHER A DRESSER IS LIKELY TO TIP OVER BY SIGHT OR PRICE. CR IS WORKING WITH PARENTS OF CHILDREN WHO WERE KILLED IN TRAGIC TIP-OVER INCIDENTS TO URGE THE FEDERAL GOVERNMENT TO RAISE THE STANDARDS FOR FURNITURE SAFETY. WE CELEBRATED A WIN IN FY21 WHEN THE U.S. HOUSE OF REPRESENTATIVES PASSED THE STURDY ACT, A BILL TO CREATE A MANDATORY NATIONAL RULE FOR FURNITURE STABILITY. CR CONTACTED COMPANIES TO URGE THEM TO ENDORSE THE STURDY ACT, AND RETAILERS SUCH AS HOME DEPOT, IKEA, AND AMAZON CAME OUT IN SUPPORT OF THE BILL. WE'RE NOW FOCUSED ON GETTING THE STURDY ACT APPROVED IN THE SENATE AND SIGNED INTO LAW BY THE PRESIDENT.
FORM 990, PART III, LINE 4B (CONTINUED)DIGITAL RIGHTS: - STATES APPROVE LAWS TO SAFEGUARD CONSUMERS' DIGITAL PRIVACY THREE U.S. STATES HAVE NOW PASSED DATA PRIVACY LAWS, AND CR HELPED GET THESE MEASURES TO THE GOVERNORS' DESKS. COLORADO AND VIRGINIA APPROVED LAWS IN 2021, FOLLOWING THE CALIFORNIA CONSUMER PRIVACY ACT SIGNED IN 2018. THESE LAWS PROVIDE LOCAL RESIDENTS WITH THE RIGHT TO ACCESS, DELETE, AND STOP THE SALE OF THEIR PERSONAL INFORMATION, AND THEY REQUIRE CONSENT FOR PROCESSING SENSITIVE INFORMATION. CR ADVOCATES TESTIFIED BEFORE THE LEGISLATURES TO RECOMMEND WAYS TO GIVE CONSUMERS MORE CONTROL OVER THEIR PRIVACY. CR MEMBERS IN THESE STATES CONTACTED THEIR LOCAL LEGISLATORS IN SUPPORT OF PRIVACY PROTECTIONS. THE COLORADO AND VIRGINIA LAWS ARE NOT AS STRONG AS CALIFORNIA'S, AND CR IS ADVOCATING FOR IMPROVEMENTS BEFORE THE TWO LAWS TAKE EFFECT IN 2023. CR ALSO HELPED PASS CALIFORNIA'S PROPOSITION 24 TO CLOSE LOOPHOLES IN ITS LAW. THE CALIFORNIA ATTORNEY GENERAL'S OFFICE CITED A CR REPORT ON HOW SOME COMPANIES WERE MAKING IT HARD FOR CONSUMERS TO EXERCISE THEIR PRIVACY RIGHTS, AS THE STATE TOOK ACTIONS TO BETTER ENFORCE THE LAW. ULTIMATELY, CR WOULD LIKE TO SEE A NATIONAL PRIVACY LAW THAT PROTECTS THE DATA OF ALL CONSUMERS. - CR AIMS TO HELP REIN IN "BIG TECH" SO CONSUMERS HAVE MORE CHOICE, POWER IN A NATIONALLY-REPRESENTATIVE SURVEY CONDUCTED BY CR IN 2020, 61 PERCENT OF U.S. CONSUMERS FAVORED STRONGER GOVERNMENT ACTION INCLUDING NEW LAWS, REGULATIONS, AND ENFORCEMENT TO DISCIPLINE THE BIGGEST TECH PLATFORMS AND REDUCE HARMFUL CONDUCT. THIS CR SURVEY WAS HIGHLIGHTED BY THE U.S. HOUSE ANTITRUST SUBCOMMITTEE IN A MAJOR REPORT THAT LAID OUT HOW LARGE ONLINE PLATFORMS HAVE ENGAGED IN ANTICOMPETITIVE PRACTICES. THE REPORT DETAILED HOW FOUR FIRMS -- APPLE, AMAZON, FACEBOOK AND GOOGLE -- HAVE, IN THE REPORT'S WORDS, "DELIVERED CLEAR BENEFITS TO SOCIETY" BUT THEIR "DOMINANCE HAS COME AT A PRICE." THE REPORT STATED THAT THESE FIRMS "WIELD THEIR DOMINANCE IN WAYS THAT ERODE ENTREPRENEURSHIP, DEGRADE AMERICANS' PRIVACY ONLINE, AND UNDERMINE THE VIBRANCY OF A FREE AND DIVERSE PRESS. THE RESULT IS LESS INNOVATION, FEWER CHOICES FOR CONSUMERS, AND A WEAKENED DEMOCRACY." IN ADDITION TO SPOTLIGHTING CR'S SURVEY, THE REPORT CITED COMMENTS FROM CR ON THE SCOPE AND IMPACT OF THESE PROBLEMS. CR IS NOW WORKING WITH MEMBERS OF CONGRESS TO ADVANCE BIPARTISAN BILLS THAT AIM TO REIN IN BIG TECH COMPANIES SO CONSUMERS HAVE MORE CHOICE AND POWER ONLINE. - WORKING FOR BETTER BROADBAND AT A FAIR PRICE FOR ALL CONSUMERS 76 PERCENT OF AMERICANS AGREED THAT INTERNET SERVICE IS AS IMPORTANT AS RUNNING WATER AND ELECTRICITY, ACCORDING TO A 2021 CR SURVEY. BUT UNLIKE WATER AND ELECTRICITY, INTERNET ACCESS ISN'T TREATED LIKE AN ESSENTIAL SERVICE IN THE UNITED STATES. CONSUMER DATA SHOW HOW THE PRICE OF INTERNET SERVICE CONTINUES TO RISE, WHILE INTERNET PROVIDERS ARE LARGELY UNREGULATED, AND MANY AMERICANS ARE STRUGGLING TO GET ONLINE BECAUSE THERE'S NO AFFORDABLE OR RELIABLE BROADBAND WHERE THEY LIVE. THIS PROBLEM IS ESPECIALLY SERIOUS GIVEN HOW THE ONGOING IMPACT OF THE PANDEMIC HAS FORCED MILLIONS OF PEOPLE TO WORK, LEARN AND STAY IN TOUCH WITH OTHERS ONLINE. THAT'S WHY CR LAUNCHED "LET'S BROADBAND TOGETHER," A NATIONWIDE INITIATIVE TO UNCOVER WHAT PEOPLE ARE REALLY PAYING AND GETTING FOR THEIR INTERNET SERVICE, SO WE CAN FIND SOLUTIONS FOR BETTER, MORE AFFORDABLE BROADBAND FOR ALL OF US. THIS EFFORT WAS ORGANIZED WITH A BROAD COALITION OF PARTNERS IN FY21 AND OFFICIALLY LAUNCHED IN FY22. SO FAR, MORE THAN 50,000 CONSUMERS HAVE PARTICIPATED IN "LETS BROADBAND TOGETHER," WHICH INCLUDES AN ONLINE TOOL FOR PEOPLE TO TEST THEIR INTERNET SPEEDS AND SHARE THEIR PERSONAL EXPERIENCES WITH THEIR INTERNET PROVIDERS. CR IS GATHERING TENS OF THOUSANDS OF CONSUMER BILLS TO ANALYZE THE FACTORS THAT MAY IMPACT THE PRICE AND AVAILABILITY OF BROADBAND. CR WILL RELEASE ITS FINDINGS IN FY22, AND WE WILL SHARE THE DATA WITH COMPANIES AND POLICYMAKERS AS WE ADVOCATE FOR POLICIES THAT PUT CONSUMERS FIRST. FINANCIAL FAIRNESS: - NEW, NATIONAL LAW WILL PROVIDE CONSUMER PROTECTIONS AGAINST SURPRISE MEDICAL BILLS HUGE, UNEXPECTED MEDICAL BILLS CAN HAVE A DEVASTATING FINANCIAL IMPACT ON PATIENTS AND THEIR FAMILIES WHEN THEY'RE MOST VULNERABLE. FOR DECADES, CR AND OTHER GROUPS HAVE CALLED FOR LAWS TO STOP SURPRISE MEDICAL BILLS, LIKE WHEN A PERSON GOES TO A HOSPITAL THAT'S IN-NETWORK BUT IS SEEN BY AN ER DOCTOR WHO'S OUT OF NETWORK, AND THEN GETS HIT WITH AN ENORMOUS BILL. THE PERSONAL STORIES OF CR MEMBERS WERE ESSENTIAL IN ELEVATING THIS ISSUE WITH POLICYMAKERS AND GETTING CONGRESS TO HOLD HEARINGS ON THE PROBLEM. IN DECEMBER 2020, CONGRESS PASSED AND THE PRESIDENT SIGNED THE "NO SURPRISES ACT," A LANDMARK LAW THAT WILL PROHIBIT MANY OF THE WORST BILLING PRACTICES. THE CR-ENDORSED LAW GOES INTO EFFECT AT THE START OF 2022. CR CONTINUES TO PROVIDE FREE ONLINE INFORMATION TO HELP PATIENTS FIGHT BACK AGAINST SURPRISE CHARGES UNTIL THE LAW TAKES EFFECT. - CRACKING DOWN ON STUDENT LOAN SERVICER ABUSES, CREATING A NEW FINANCIAL WATCHDOG IN CALIFORNIA FOR TOO MANY FAMILIES, PAYING FOR COLLEGE MEANS GOING INTO DEBT THAT HAUNTS THEM FOR YEARS BEFORE IT'S PAID OFF. BORROWERS FACE A COMPLEX, CONFUSING LOAN REPAYMENT SYSTEM PLAGUED BY A LACK OF CONSUMER PROTECTIONS AND SHODDY TREATMENT THAT CAN ADD TIME AND MONEY TO THEIR LOANS. STUDENT LOAN DEBT IN THE U.S. TOTALS $1.73 TRILLION AND GROWS SIX TIMES FASTER THAN THE NATION'S ECONOMY. CR HELPED PASS TWO MAJOR INITIATIVES IN CALIFORNIA TO ADDRESS THE STUDENT DEBT CRISIS AND OTHER FINANCIAL CHALLENGES. FIRST, THE STATE CREATED A NEW CONSUMER WATCHDOG CALLED THE DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION (DFPI). CR HELPED DESIGN AND LAUNCH THIS AGENCY WITH A MISSION TO STOP FINANCIAL SCAMS AND ABUSES, AND PROVIDE RELIEF FOR IMPACTED CONSUMERS. ONE OF DFPI'S AIMS IS TO HELP PROTECT THE 3.7 MILLION BORROWERS IN CALIFORNIA WHO OWE ALMOST $125 BILLION IN STUDENT LOAN DEBT. CR ALSO CO-SPONSORED THE STATE'S NEW STUDENT BORROWER BILL OF RIGHTS, WHICH PROVIDES THE NATION'S STRONGEST CONSUMER PROTECTIONS FOR PEOPLE WITH STUDENT LOANS. THE LAW AIMS TO STOP LOAN SERVICING ABUSES THAT CAN MAKE DEBTS GROW MORE COSTLY AND TRIGGER DEFAULTS. BOTH OF THESE REFORMS PROVIDE POWERFUL MODELS FOR OTHER STATES AND THE NATION TO FOLLOW. - CLEANING UP THE CREDIT REPORT SYSTEM ERRORS ON YOUR CREDIT REPORTS CAN LOWER YOUR CREDIT SCORE, LEAD TO HIGHER INTEREST RATES ON LOANS, AND EVEN PREVENT YOU FROM GETTING A JOB OR RENTING AN APARTMENT. CREDIT ERRORS CAN INCLUDE ACCOUNTS THAT HAVE BEEN PAID OFF BUT APPEAR UNPAID ON YOUR REPORT, INDIVIDUAL LOANS LISTED MULTIPLE TIMES, OR DEBTS THAT ARE INCORRECTLY REPORTED IN COLLECTIONS. NEARLY 6,000 CONSUMERS VOLUNTEERED TO GET THEIR CREDIT REPORTS AND CHECK FOR ERRORS FOR A CR INVESTIGATION IN FY21. MORE THAN A THIRD OF THE VOLUNTEERS TOLD US THEY FOUND AT LEAST ONE ERROR. MANY PEOPLE ALSO REPORTED HAVING DIFFICULTY OBTAINING THEIR FREE CREDIT REPORTS ONLINE, WHILE OTHERS SAID THEY WERE UNFAIRLY CHARGED FOR SERVICES. CR IS NOW PETITIONING THE THREE MAJOR CREDIT BUREAUS -- EQUIFAX, EXPERIAN, AND TRANSUNION -- TO CALL FOR INDUSTRY REFORMS TO ENSURE REPORTS ARE FAIR AND ACCURATE. CR IS ALSO PUSHING FOR LEGISLATION IN CONGRESS THAT WOULD HELP CLEAN UP THE CREDIT REPORTING SYSTEM, AND GIVE CONSUMERS 24-HOUR ACCESS TO THEIR REPORTS AND SCORES AT NO CHARGE.
FORM 990, PART III, LINE 4B (CONTINUED)CLIMATE-ENERGY-SUSTAINABILITY: - CR INTRODUCES "GREEN CHOICE" TO HELP CONSUMERS FIND CLEAN CARS AND OTHER ENVIRONMENTALLY-FRIENDLY PRODUCTS CR LAUNCHED A NEW PRODUCT RATING CALLED "GREEN CHOICE" TO HELP SHOPPERS FIND THE CARS, SUVS, AND MINIVANS WITH THE CLEANEST EMISSIONS. WHEN PEOPLE CONSULT CR'S VEHICLE RATINGS, THE "GREEN CHOICE" LEAF ICON TELLS THEM WHICH MODELS HAVE THE LOWEST GREENHOUSE GAS AND SMOG-FORMING EMISSIONS. THE GREEN CHOICE RATING ENCOURAGES AUTOMAKERS TO MAKE CLEANER CARS, JUST AS CR'S AUTO RELIABILITY AND OWNER SATISFACTION INFORMATION HELPS MOVE THE INDUSTRY TOWARD PRODUCING SAFER, HIGHER-QUALITY VEHICLES. CR RECENTLY EXPANDED OUR GREEN CHOICE RATING TO WASHING MACHINES TO HELP PEOPLE IDENTIFY THE MOST ENVIRONMENTALLY-FRIENDLY CHOICES. - CR WORKS FOR CLEAN CAR STANDARDS AT THE STATE AND NATIONAL LEVEL CR IS ADVOCATING FOR STRONG STANDARDS FOR CLEANER CARS WITH BETTER FUEL ECONOMY AND FEWER EMISSIONS, WHICH CAN HELP CONSUMERS SAVE MONEY ON GAS AND MAINTENANCE, WHILE REDUCING CLIMATE POLLUTION. IN FY21 CR PRODUCED A SERIES OF STUDIES THAT SHOWED HOW THE FEDERAL GOVERNMENT'S FUEL ECONOMY AND GREENHOUSE GAS STANDARDS PROVIDED SIGNIFICANT COST SAVINGS FOR CAR BUYERS AND HEALTH BENEFITS FOR THE GENERAL POPULATION. THESE STUDIES SHOWED HOW A 2020 GOVERNMENT DECISION TO ROLL BACK THESE STANDARDS WOULD NEGATIVELY IMPACT CONSUMERS. NOW IN FY22, CR IS PROVIDING TESTIMONY AND ANALYSIS FOR A NEW SET OF GOVERNMENT RECOMMENDATIONS TO UNDO THE ROLLBACK AND PUT STRONGER STANDARDS IN PLACE. AT THE STATE LEVEL, CR WORKED WITH LOCAL RESIDENTS AND GRASSROOTS GROUPS IN VIRGINIA, MINNESOTA, AND NEVADA TO ADVANCE CLEAN CAR PROGRAMS. THESE PROGRAMS ESTABLISH RULES AND STANDARDS THAT MAKE IT EASIER FOR CONSUMERS TO FIND A VARIETY OF LOW-EMISSION AND ZERO-EMISSION VEHICLES AT THEIR LOCAL DEALERSHIPS. CR PERFORMED STATEWIDE SURVEYS THAT SHOWED WIDE CONSUMER INTEREST AND SUPPORT FOR CLEAN CAR INITIATIVES, AND CR REACHED OUT TO STATE OFFICIALS TO MAKE THE CASE FOR THESE PROGRAMS. VIRGINIA AND MINNESOTA OFFICIALS VOTED TO BECOME CLEAN CAR STATES IN FY21, AND WE JUST CELEBRATED ANOTHER WIN AS NEVADA BECAME THE 16TH CLEAN CAR STATE IN FY22.
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 GOVERNANCE 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 GOVERNANCE COMMITTEE (1) RECOMMENDS TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS COMPENSATION PLANS AND PAY LEVELS FOR THE PRESIDENT, 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 HUMAN RESOURCES 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 COMMITTEES THAT DETERMINE 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 APRIL AND MAY OF 2021.
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 LOSS INTEREST RATE SWAP 2,032,434. PENSION RELATED CHANGES 11,103,200. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 402,000. ROUNDING -1,960.

Schedule R IRS990ScheduleR

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