2018-04-13T14:24:04-05:00 2017-05-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2016-06-01 131776434 CONSUMER REPORTS INC % MR MICHAEL MARTIN CPA CONS 9143782000 101 TRUMAN AVENUE YONKERS NY 107031044 ERIC WAYNE VP And CFO 9143782000 2018-04-04 true Mary-Evelyn Antonetti P00431862 2127589700 167.68.102.5 13407320181035000192 2018-04-13 P B09A8F7452AAEB109EF01FBCB66ABFE0CB6B8889 B09A8F7452AAEB109EF01FBCB66ABFE0CB6B8889 2016 2021-01-29 14:40:06Z Marta L Tellado 101 TRUMAN AVENUE YONKERS NY 107031057 261872161 false X WWW.CONSUMERREPORTS.ORG X 1936 NY We are an independent, nonprofit organization that works side by side with consumers to create a fairer, safer, and healthier world. 18 18 722 18 4986327 1491894 31491507 35414377 213762143 204980085 8929904 8025401 1198355 1012340 255381909 249432203 167896 172475 0 0 102152784 96403002 84252 56215 10209438 151575499 150917579 253980431 247549271 1401478 1882932 407246855 417242483 264424410 242952874 142822445 174289609 X We are an independent, nonprofit organization that works side by side with consumers to create a fairer, safer, and healthier world. false false 197197731 204980085 CONSUMER INFORMATION, PRODUCT INFORMATION. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. 14781194 172475 EDUCATION AND ADVOCACY PROGRAMS FOR HEALTH AND SAFETY. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. 211978925 true true false true false false false false false false true false false false true true false true false false true false false true false false false true false true true false false false false false false false false false false true false false false true true true true false false true 351 0 true 722 true true true true CA false false false true true false false false false X 18 18 false false false false true true false true true false true true true true true true true true true true false AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X MR MICHAEL MARTIN CPA 9143782000 101 TRUMAN AVENUE YONKERS NY 107031044 X DIANE ARCHER CHAIR 2.0 0.0 X 0 0 0 JOAQUIN ALVARADO VICE CHAIR 2.0 0.0 X 0 0 0 MARCIA ARONOFF DIRECTOR 2.0 0.0 X 0 0 0 ROBERT BAENSCH DIRECTOR 2.0 0.0 X 0 0 0 ANTONY BENTEN DIRECTOR THRU 11/02/2016 0.0 0.0 X 0 0 0 DEBORAH COWAN TREASURER 2.0 0.0 X 0 0 0 ANNETTE LOVOI DIRECTOR 2.0 0.0 X 0 0 0 HEATHER MCGHEE DIRECTOR 2.0 0.0 X 0 0 0 ED MIERZWINSKI DIRECTOR 2.0 0.0 X 0 0 0 CRAIG NEWMARK DIRECTOR 2.0 0.0 X 0 0 0 WILLARD P OGBURN DIRECTOR 2.0 0.0 X 0 0 0 YESIM A ORHUN DIRECTOR 10/13/16 2.0 0.0 X 0 0 0 MARTIN SCHNEIDER DIRECTOR 2.0 0.0 X 0 0 0 BETSY SCOLNIK DIRECTOR 2.0 0.0 X 0 0 0 MICAH SIFRY DIRECTOR 2.0 0.0 X 0 0 0 LATANYA SWEENEY DIRECTOR 10/13/16 2.0 0.0 X 0 0 0 ELLEN TAUS DIRECTOR 02/02/17 2.0 0.0 X 0 0 0 THOMAS C VOICE SECRETARY 12/15/16 2.0 0.0 X 0 0 0 THOMAS WATHEN DIRECTOR 2.0 0.0 X 0 0 0 MARTA TELLADO PRESIDENT & CEO 40.0 2.0 X 604249 0 47680 ERIC WAYNE VP & CFO 40.0 2.0 X 318573 0 57878 LEONORA WIENER SR. VP BRAND & STRATEGY 40.0 1.0 X 434378 0 37382 STEVEN SCHWARTZ VP & GENERAL COUNSEL 5/17/17 40.0 0.0 X 0 0 0 LISA CRIBARI VP, HUMAN RESOURCES 40.0 0.0 X 308654 0 44806 BRENT DIAMOND VP, CONSUMER DATA & MKT OPS 40.0 0.0 X 375881 0 61847 JASON FOX VP, CHIEF DIGITAL OFFICER 40.0 0.0 X 379221 0 54677 LIAM MCCORMACK VP, RESEARCH TESTING & INSIGHT 40.0 0.0 X 371102 0 54667 KIMBERLY STEHLE VP, CMO 5/02/16 40.0 0.0 X 246627 0 11283 EVON BECKFORD SENIOR DIRECTOR THRU 7/29/16 40.0 0.0 X 527311 0 30491 HARLAN MARKS SENIOR PROJECT EDITOR 40.0 0.0 X 350475 0 30195 GWENDOLYN BOUNDS VP, CONTENT 40.0 0.0 X 337395 0 45416 MICHAEL ROSATO SR. SPECIALIST THRU 10/28/2016 40.0 0.0 X 336390 0 29046 HEATH GRAYSON ASSOCIATE GENERAL COUNSEL 40.0 2.0 X 322169 0 53804 RAHUL BELANI VP, CIO THRU 12/1/2015 0.0 0.0 X 342942 0 6260 5255367 0 565432 325 true true false GOOGLE INC 1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043 SEARCH ENGINE MKTING 11093077 QUAD GRAPHICS N61 W23044 HARRYS WAY SUSSEX WI 53089 PRINTING 5557741 EPAM SYSTEMS INC 41 UNIVERSITY DR SUITE 202 NEWTON PA 18940 INFORMATION TECH. 4631996 COMMUNICATIONS DATA SERVICES 1901 BELL AVENUE DES MOINES IA 50315 FULFILLMENT SERVICES 3729851 TELERX MARKETING INC 723 DRESHER RD HORSHAM PA 19044 CUSTOMER SERVICE 3664296 139 3663006 31751371 133791 35414377 SUBSCRIPTION, NEWSSTAND & OTHER 511120 105621754 105621754 ONLINE SUBSCRIPTION SALES 519100 99007641 94021314 4986327 TESTING REVENUE 541380 350690 350690 204980085 1177057 1177057 0 1012340 1012340 0 0 0 19288302 12439958 6848344 6848344 6848344 0 0 0 0 0 0 0 0 0 0 249432203 199993758 4986327 9037741 172475 172475 0 0 0 3766345 2140989 1625356 0 67346210 55454828 10049849 1841533 7593990 6313706 1066384 213900 12560297 10379273 1833303 347721 5136160 4229263 766452 140445 0 1056869 279795 759281 17793 661546 20186 641360 0 56215 56215 415207 415207 15475937 13506201 1945837 23899 31037235 30286172 31129 719934 1739911 1188395 541370 10146 2018897 1626156 388745 3996 95794 95794 3420658 3090826 316060 13772 1803110 1558869 193607 50634 0 489407 309094 164463 15850 1414006 1414006 0 12160622 11597510 532303 30809 980721 980721 POSTAGE AND SHIPPING 30386457 27324714 20029 3041714 PRINTING AND PUBLICATION 21398195 19256339 27804 2114052 ORDER PROCESSING 15733991 13906702 431687 1395602 PRODUCT TESTING 3444483 3444483 7184533 5797155 1215955 171423 247549271 211978925 25360908 10209438 545959 602256 14792249 9698685 4495578 3196457 6087166 6125234 0 0 0 0 0 0 3278567 3467884 25215102 24849466 176512439 115025770 58294272 61486669 291563276 305062734 0 0 0 0 0 0 2974686 2753098 407246855 417242483 27022332 23573342 0 0 137544119 129382403 41250000 39900000 0 0 0 0 0 0 0 0 58607959 50097129 264424410 242952874 X 135165563 166909095 7656882 7380514 0 0 142822445 174289609 407246855 417242483 X 1882932 21576864 8007368 X false true X true false X 25458990 30449815 31333906 31491507 35414377 154148595 0 0 25458990 30449815 31333906 31491507 35414377 154148595 0 154148595 178572 2172511 1841990 1625674 2189397 8008144 465359 785061 1145991 1274364 1471562 5142337 0 0 0 0 0 167299076 1110255070 0.92139 0.90559 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true true 140000 true 67178 true 508446 false true 515290 true 96329 false 1327243 false SCHEDULE C, PART II-B LINE 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. LINE 1D - MAILING TO MEMBERS, LEGISLATORS, OR THE PUBLIC: ACTION ALERTS TO THE PUBLIC. 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: LETTERS; FACE-TO-FACE COMMUNICATIONS, EMAILS; TELEPHONE CALLS WITH STATE AND FEDERAL LEGISLATORS, INCLUDING PREPARATION; TRAVEL TIME, LEGISLATIVE TESTIMONY. LINE 1H - RALLIES, DEMONSTRATIONS, SEMINARS, CONVENTIONS, SPEECHES, LECTURES, OR ANY SIMILAR MEANS: SPEECHES; RALLIES; CONFERENCES WHERE CR STAFF SUPPORTS OR OPPOSES STATE AND FEDERAL LEGISLATION PUBLICLY. 11935255 11935255 68383685 40808598 27575087 231590 231590 0 21540264 16327023 5213241 74421645 57658559 16763086 61486669 253217 CHARITABLE GIFT ANNUITY 10666814 ASC 712 LIABILITY 1697785 DEFERRED RENT 15399 PENSION LIABILITY 28949950 LIABILITY DERVIATIVE INSTRUMEN 5823165 LIFETIME SUBSCRIBER LIABILITY 1415000 CRUT LIABILITY 1025799 DEFERRED LT CONTRACT INCENTIVE 250000 50097129 X 278628000 21576864 8008869 29585733 249042267 390031 -95 389936 249432203 247169000 10700 10700 247158300 390031 940 390971 247549271 RECONCILIATION OF REVENUE SCHEDULE D, PART XI, LINE 2D CONSUMERS UNION ACTION FUND, INC. $1,634 UNREALIZED GAIN ON INTEREST RATE SWAP $1,557,400 PENSION RELATED CHARGES $5,677,060 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $772,775 -------------- $8,008,869 SCHEDULE D, PART XI, LINE 4B OTHER ROUNDING $(95) RECONCILIATION OF EXPENSES SCHEDULE D, PART XII, LINE 2D CONSUMERS UNION ACTION FUND, INC. $ 10,675 TRUMAN AVENUE FOUNDATION, INC. $25 ------------- $10,700 SCHEDULE D, PART XII, LINE 4B OTHER ROUNDING $940 SCHEDULE D, PART X, LINE 2 FIN 48 UNCERTAINTY IN TAXES UNDER THE PROVISION 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, 2017 AND 2016, PROVISIONS FOR INCOME TAXES WERE $745,000 AND $603,000, RESPECTIVELY. IN ACCORDANCE WITH ASC 740, INCOME TAXES, CR EVALUATED ITS TAX POSITION 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, 2014, 2015 AND 2016 ARE SUBJECT TO EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. Europe (Including Iceland and Greenland) Program Services PUBLICATION INFO. 1069346 North America Program Services PUBLICATION INFO. 795790 1865136 1865136 false false false false false false PART I, LINE 3, COLUMN (F) AND PART II, LINE 1 THE ACCRUAL METHOD OF ACCOUNTING WAS USED IN PART I, LINE 3, COLUMN (F) AND PART II, LINE 1. X X X X X true MDS COMMUNICATIONS CORP 545 W JUANITA AVE MEZA AZ 85210 TELE MARKETING false 68986 56215 12771 68986 56215 12771 AL AK AZ CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI true CONSUMER FEDERATION OF AMERICA 1620 I STREET NW - SUITE 200 WASHINGTON DC 20006 520880625 501(C)(3) 80000 STATE AND LOCAL GRANT SUPPORT CONSUMER FEDERATION OF AMERICA 1620 I STREET NW - SUITE 200 WASHINGTON DC 20006 520880625 501(C)(3) 25000 SUPPORT FOR STATE AND LOCAL MEETINGS US PIRG EDUCATION FUND 600 PENNSYLVANIA AVE SE 4TH FL WASHINGTON DC 20003 521384240 501(C)(3) 25000 Support for advocacy and public education work on state and federal consumer protection issues. 2 CRITERIA FOR SELECTING PROJECTS FOR FUNDING THE CRITERIA FOR SELECTING PROJECTS FOR FUNDING THROUGH THE COLSTON E. WARNE SMALL GRANTS PROGRAM INCLUDES THE FOLLOWING: - THE PROJECTS SHOULD BE 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 SHOULD BE HIGH IMPACT PROJECTS THAT PROVIDE A SIGNIFICANT RETURN FOR THE AMOUNT OF MONEY INVESTED. THEY SHOULD BE RESULT-ORIENTED, AND HAVE TANGIBLE GOALS AND OBJECTIVES. - THE ORGANIZATION SPONSORING THE PROJECT SHOULD HAVE A CLEAR PLAN FOR DEVELOPING ALTERNATE SOURCES OF FUNDING, SO THAT THE PROJECT CAN BECOME SELF-SUPPORTING AND CONTINUE WHEN THE GRANT PERIOD ENDS. - IF POSSIBLE, THE PROJECTS SHOULD BE REPLICABLE, AND PROVIDE A MODEL FOR ORGANIZING AND ADVOCACY ON OTHER CONSUMER AND PUBLIC INTEREST ISSUES, OR IN OTHER LOCATIONS. - WE ARE ESPECIALLY INTERESTED IN PROJECTS THAT PROVIDE DIRECT BENEFITS TO LOW-INCOME AND MINORITY CONSUMERS. - WHERE POSSIBLE, PROJECTS SHOULD OBTAIN MATCHING FUNDS AND /OR LEVERAGE IN-KIND RESOURCES FROM OTHER SOURCES. - THE PROJECTS SHOULD MAKE SENSE IN THE CONTEXT OF THE NEEDS AND OPPORTUNITIES OF THE OVERALL CONSUMER MOVEMENT. THEY SHOULD CONTRIBUTE TO CAPACITY-BUILDING OF ORGANIZATIONS, AND HELP SUSTAIN THE CONSUMER MOVEMENT. - CR'S PURPOSES MUST BE MEASURED IN TERMS OF THE BENEFITS INDIRECTLY REALIZED BY THOUSANDS OF CONSUMERS WHO ARE BETTER INFORMED OR BETTER SERVED AS A CONSEQUENCE OF THE WORK WHICH THE MONEY SUPPORTS. "(CONSUMER REPORTS, MARCH, 1958, P. 163)" - 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 SUB - GRANT agreement between CR and the grantee. X X X X X true false false false false false false true false MARTA TELLADO PRESIDENT & CEO 597362 6887 44500 3180 651929 ERIC WAYNE VP & CFO 299376 10000 9197 29939 27939 376451 LEONORA WIENER SR. VP BRAND & STRATEGY 418991 10000 5387 26500 10882 471760 LISA CRIBARI VP, HUMAN RESOURCES 293110 10000 5544 26500 18306 353460 BRENT DIAMOND VP, CONSUMER DATA & MKT OPS 345358 18500 12023 33687 28160 437728 JASON FOX VP, CHIEF DIGITAL OFFICER 358756 15000 5465 26500 28177 433898 LIAM MCCORMACK VP, RESEARCH TESTING & INSIGHT 357123 10000 3979 36159 18508 425769 KIMBERLY STEHLE VP, CMO 5/02/16 226126 20000 501 4708 6575 257910 EVON BECKFORD SENIOR DIRECTOR THRU 7/29/16 126210 401101 12503 17988 557802 HARLAN MARKS SENIOR PROJECT EDITOR 138632 211843 13478 16717 380670 GWENDOLYN BOUNDS VP, CONTENT 309602 25000 2793 26500 18916 382811 MICHAEL ROSATO SR. SPECIALIST THRU 10/28/2016 104863 231527 12390 16656 365436 HEATH GRAYSON ASSOCIATE GENERAL COUNSEL 320237 1932 26500 27304 375973 RAHUL BELANI VP, CIO THRU 12/1/2015 342942 6260 349202 PART I, LINE 4A - SEVERANCE PAYMENTS EVON BECKFORD - $226,041 MICHAEL ROSATO - $100,618 RAHUL BELANI - $342,942 PART I, LINE 7 COLUMN B (II) BONUS & INCENTIVE CONTRACTUAL DISCRETIONARY COMPENSATION BONUS (MERIT) ERIC WAYNE $10,000 $10,000 LEONORA WIENER $10,000 $10,000 LISA CRIBARI $10,000 $10,000 BRENT DIAMOND $18,500 $18,500 JASON FOX $15,000 $15,000 LIAM MCCORMACK $10,000 $10,000 KIMBERLY STEHLE $20,000 $20,000 GWENDOLYN BOUNDS $25,000 $25,000 A CITY OF YONKERS INDUSTRIAL DEVELOPMENT AGENCY 521294255 986083BN2 2005-12-22 47300000 MULTI-MODAL CIVAL FACILITY REVENUE false false false A 7400000 0 47300000 0 0 0 560305 1066734 0 9980132 35692829 0 true false true true A false false true false false 0.00068 0.02433 0.02501 false false false true A false false true true true MORGAN STANLEY 30.5 false false false 0 false false A false 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 Procedures ON 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. X 15 133761 FAIR MARKET VALUE false true false Schedule M, Part I, Column (B) The number 15 represents the number of gift items or contributors that donated of publicly traded securities received by Consumer Reports, Inc. in 2016. Each gift item or contributor has either one or multiple shares of of publicly traded securities that were donated to the organization. FORM 990, PART III, LINE 4A CONSUMERS 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 5/31/17 INCLUDE CONSUMER REPORTS MAGAZINE 3,577,885; CONSUMER REPORTS ON HEALTH 544,660; AND CR ONLINE 2,866,813. 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 5/31/17, CONSUMER REPORTS CONDUCTED TESTS AND EVALUATIONS ON MORE THAN 3050 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 4B ADVOCACY AND EDUCATION PROGRAMS: CONSUMER REPORTS IS DEDICATED TO IMPROVING THE LIVES OF CONSUMERS AND PROMOTING A FAIRER, SAFER AND HEALTHIER WORLD. WE ARE AN INDEPENDENT NONPROFIT ORGANIZATION THAT SEEKS TO EDUCATE CONSUMERS IN ORDER TO DRIVE A NEW ERA OF CONSUMER POWER AND PROTECTION. FOR 80 YEARS, WE HAVE BUILT A LEGACY OF TRUST AMONG CONSUMERS BY CONDUCTING RIGOROUS SCIENCE-BASED TESTING OF PRODUCTS, CHAMPIONING THE RIGHTS OF CONSUMERS IN THE HALLS OF GOVERNMENT, MOVING CORPORATE ACTORS TO PROVIDE CONSUMERS WITH GREATER TRANSPARENCY AND SAFETY, AND HELPING CONSUMERS TO NAVIGATE AN INCREASINGLY COMPLEX MARKETPLACE. ADDITIONALLY, CONSUMER REPORTS PROVIDES SUBSTANTIAL FREE CONSUMER EDUCATION INFORMATION AS A PUBLIC SERVICE THROUGH EDUCATIONAL WEBSITES, AND ADVOCACY AND SOCIAL MEDIA CAMPAIGNS. CONSUMER REPORTS LONGSTANDING COMMITMENT TO EDUCATING CONSUMERS AND ADVOCATING FOR LAWS, POLICIES AND PRACTICES THAT BENEFIT CONSUMERS IS EXEMPLIFIED BY OUR FY17 (JUNE 1, 2016 THROUGH MAY 31, 2017) ACCOMPLISHMENTS, SOME OF WHICH INCLUDE: CARS AND PRODUCTS: INFANT SEAT SAFETY - THE CONSUMER PRODUCT SAFETY COMMISSION APPROVED NEW STANDARDS TO IMPROVE THE SAFETY OF INFANT BOUNCER SEATS. UTILITY PRICING - A FLORIDA UTILITY WITHDREW CONSUMENT PRICE HIKES FOLLOWING A CAMPAIGN BY CONSUMER REPORTS AND PARTNERS. SELF-DRIVING CARS - MODEST IMPROVEMENTS WERE MADE TO A SENATE SELF-DRIVING CAR BILL, THOUGH SERIOUS PROBLEMS REMAIN AND OUR ADVOCACY CONTINUES. SAFETY ROLLBACKS - FOUGHT ROLLBACKS ON AUTO SAFETY, PRODUCT SAFETY, AND CLEAN ENERGY THROUGH MEDIA CAMPAIGNS, ADVOCACY, AND ENGAGEMENT WITH CONGRESS. FOOD: OVERUSE OF ANTIBIOTICS IN FOOD ANIMAL PRODUCTION - CONSUMER REPORTS PUBLICATIONS AND MARKETPLACE CAMPAIGNS EDUCATED CONSUMERS ABOUT THE ESCALATING HEALTH CRISIS OF ANTIBIOTIC RESISTANCE. MOST OF THE ANTIBIOTICS SOLD IN THE U.S. ARE NOT USED TO TREAT SICK PEOPLE, BUT RATHER, TO PREVENT DISEASE AND PROMOTE GROWTH IN FOOD ANIMALS. THIS AND THE OVER-PRESCRIPTION OF ANTIBIOTICS IN HUMAN MEDICINE, HAVE HELPED FUEL THE RISE IN DEADLY ANTIBIOTIC RESISTANT SUPERBUGS. CONSUMER REPORTS THIRD ANNUAL CHAIN REACTION REPORT, WHICH SURVEYED THE TOP U.S. FAST FOOD CHAINS ON THEIR POLICIES ON SERVING CHICKEN RAISED WITH ANTIBIOTICS, FOUND THAT OVER HALF THE CHAINS HAVE LIMITED OR ELIMINATED THE ROUTINE USE OF ANTIBIOTICS IN THE CHICKEN THEY SERVE. THIS IS A MARKED MARKETPLACE IMPROVEMENT SINCE OUR FIRST REPORT THREE YEARS AGO. ORGANIC STANDARDS - FOLLOWING CONSUMER REPORTS RESEARCH AND TESTIMONY ON THE ADVERSE EFFECTS OF CARRAGEENAN, THE NATIONAL ORGANIC STANDARDS BOARD STRUCK IT FROM THE LIST OF PERMITTED ADDITIVES IN ORGANIC FOOD. HEALTH: DEFENSE OF CONSUMER PROTECTIONS IN THE AFFORDABLE CARE ACT - SUCCESSFULLY BEAT BACK THE FIRST WAVE OF PROPOSED CONGRESSIONAL CHANGES TO THE LAW THAT PROVIDES HEALTHCARE FOR MILLIONS OF UNINSURED AMERICANS. HEARING AIDS - HELPED TO WIN PASSAGE OF A LAW DIRECTING THE FOOD AND DRUG ADMINISTRATION TO MAKE HEARING AIDS AVAILABLE OVER THE COUNTER, WITHOUT THE NEED FOR A COSTLY MEDICAL EXAM OR A PRESCRIPTION. MERGERS - HELPED TO BLOCK SEVERAL MERGERS OF LARGE HEALTHCARE INSURERS, WHICH WOULD HAVE RAISED CONSUMER PRICES FOR HEALTHCARE. PATIENT SAFETY - SUCCESSFULLY PETITIONED CALIFORNIA REGULATORS TO PRIORITIZE THE INSPECTION OF HOSPITALS WITH HIGH INFECTION RATES BY REQUIRING HOSPITALS TO PROVIDE INSPECTORS WITH INFECTION RATES. DRUG PRICING - HELPED TO PASS A CALIFORNIA LAW REQUIRING NOTICE OF DRUG PRICE HIKES TO PURCHASERS OF DRUGS. SURPRISE MEDICAL BILLS - HELPED TO PASS LAWS IN FIVE STATES TO PROTECT MILLIONS OF CONSUMERS FROM UNEXPECTED, OUT-OF-NETWORK MEDICAL BILLS. PRIVACY AND TECHNOLOGY: DIGITAL STANDARD - LAUNCHED AN OPEN STANDARD FOR TESTING PRODUCTS AND SERVICES FOR PRIVACY AND SECURITY, DRIVING COMPETITION IN THE MARKETPLACE ON THESE IMPORTANT CONSUMER PROTECTION DIMENSIONS. ROBOCALLS - MOVED SEVERAL PHONE COMPANIES TO OFFER THEIR CUSTOMERS FREE TOOLS TO BLOCK ROBOCALLS. DATA SECURITY - RAISED PUBLIC AWARENESS AND MEDIA ATTENTION IN SUPPORT OF STRONGER LEGAL PROTECTIONS AND REMEDIES IN THE WAKE OF THE EQUIFAX DATA BREACH, RESULTING IN HUNDREDS OF THOUSANDS OF CONSUMERS SIGNING PETITIONS TO CONGRESS AND EQUIFAX. BROADBAND PRIVACY AND NET NEUTRALITY - RAISED PUBLIC AWARENESS AND STRONG CONSUMER SUPPORT FOR PROTECTIONS IN THE WAKE OF ROLLBACKS; CONSUMER REPORTS SURVEYS FOUND THAT 80% OF AMERICANS WANT INTERNET SERVICE PROVIDERS (ISPS) TO GET PERMISSION BEFORE SHARING CONSUMERS DATA, AND 67% OF AMERICANS THINK ISPS SHOULD NOT BLOCK INTERNET CONTENT. FINANCIAL SERVICES: AUTO INSURANCE PRICING - CONSUMER REPORTS PARTNERED WITH PROPUBLICA ON AN INVESTIGATION OF REDLINING PRACTICES IN AUTO INSURANCE PRICING, RESULTING IN CALIFORNIA REGULATORS REQUIRING AUTO INSURERS TO ADJUST THEIR RATES, AND RESULTING IN NEW YORK REGULATORS BARRING THE USE OF EDUCATION AND OCCUPATION AS RATING FACTORS IN AUTO INSURANCE PRICING. MANDATORY ARBITRATION - HELPED TO SHAPE AND ADVANCE THE CONSUMER FINANCIAL PROTECTION BUREAUS (CFPBS) RULE BARRING MANDATORY ARBITRATION IN CLASS ACTION LAWSUITS, AND HELPED WIN PASSAGE OF A CALIFORNIA LAW ALLOWING COURTS TO VOID ARBITRATION CLAUSES IN CONTRACTS THAT ARE FOUND TO BE FRAUDULENT. PAYDAY LENDING RULE - HELPED TO SHAPE AND ADVANCE THE CFPB'S RULE INCREASING CONSUMER PROTECTIONS FOR PAYDAY LOANS. ROLLBACKS OF REGULATIONS - SUCCESSFULLY FOUGHT, ALONG WITH PARTNERS, EFFORTS TO REPEAL CFPBS PREPAID CARD RULE, AND PARTS OF THE DEPARTMENT OF LABORS FIDUCIARY RULE; EFFORTS CONTINUE TO RETAIN CONSUMER PROTECTIONS IN THE ARBITRATION, PREPAID CARD, BORROW DEFENSE, AND GAINFUL EMPLOYMENT RULES. MEMBERS, STOCKHOLDERS FORM 990, PART VI, LINE 6 AND 7A CONSUMER REPORTS IS A NEW YORK STATE NOT-FOR-PROFIT MEMBERSHIP CORPORATION. THE MEMBERS ARE ANY INDIVIDUAL WITH A PAID ANNUAL SUBSCRIPTION TO CONSUMER REPORTS MAGAZINE OR CONSUMERREPORTS.ORG., WHO DOES ONE OF THE FOLLOWING:(1) GIVES NOTICE OF ACCEPTANCE OF MEMBERSHIP; (2) SENDS IN A NOMINATION FOR THE BOARD OF DIRECTORS; OR (3) RETURNS TO CR, THE BALLOT TRANSMITTED IN CONNECTION WITH THE ANNUAL ELECTION OF DIRECTORS. POWERS OF MEMBERS: 1. MEMBERS CAN ELECT THE BOARD OF DIRECTORS; 2. THE ANNUAL REPORT OF CONSUMER REPORTS MUST BE PRESENTED TO MEMBERS; 3. THE MEMBERS MUST MEET AT LEAST ANNUALLY; 4. BY-LAWS OF THE ORGANIZATION MAY BE ADOPTED, AMENDED, OR REPEALED BY MEMBERS; 5. MEMBERS MAY DEMAND TO CALL A SPECIAL MEETING IF AT LEAST 10% OF THE MEMBERS CALL FOR A MEETING WITHIN TWO TO THREE MONTHS IN THE FUTURE. FORM 990 REVIEW PROCESS Form 990, PART VI, LINE 11 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. CONFLICT OF INTEREST COMPLIANCE PROCESS FORM 990, PART VI, LINE 12C CONSUMER REPORTS'S 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, AND, ANY CONFLICTS DETERMINED TO EXIST,WILL BE RESOLVED BY A STAFF CONFLICT OF INTEREST COMMITTEE. REMEDIES FOR CONFLICTS OF INTEREST INCLUDE BUT ARE NOT LIMITED TO: - REMOVING OR REASSIGNING THE PERSON, EITHER TEMPORARILY OR PERMANENTLY, FROM ANY PARTICIPATION IN THE MATTER(S) GIVING RISE TO THE CONFLICT; - PLACING INVESTMENTS THAT RAISE THE CONFLICT INTO BLIND TRUSTS OR SIMILAR VEHICLES; - SELLING OR OTHERWISE DISPOSING OF THE INVESTMENTS THAT RAISED THE CONFLICT, FOR WHICH AN APPROPRIATE PERIOD OF TIME MAY BE DISCUSSED. PROCESS FOR DETERMINING EXECUTIVE COMPENSATION FORM 990, PART VI, LINES 15A and 15B CR'S EXECUTIVE COMPENSATION PROGRAM IS DESIGNED TO ATTRACT, ENGAGE, AND RETAIN HIGHLY TALENTED AND DEDICATED INDIVIDUALS WHO POSSESS THE PREREQUISITE SKILLS AND DEMONSTRATED PERFORMANCE NECESSARY TO FULFILL ITS MISSION. THE PROGRAM IS STRUCTURED TO PROVIDE TOTAL COMPENSATION DIRECT AND INDIRECT THAT SUPPORTS THE ACHIEVEMENT OF CR'S STRATEGIC AND OPERATING GOALS AND IS REASONABLY COMPETITIVE TO WHAT IS OFFERED BY COMPARABLE ORGANIZATIONS. CR ESTABLISHED AND MAINTAINS AN EXECUTIVE COMPENSATION PROGRAM THAT QUALIFIES FOR A REBUTTABLE PRESUMPTION OF REASONABLENESS AND PERIODICALLY REVIEWS ITS EXECUTIVE COMPENSATION TO ENSURE ONGOING ALIGNMENT WITH ITS STRATEGIC DIRECTION AND FINANCIAL LIMITS. TO ENSURE ITS EXECUTIVE COMPENSATION IS CONSISTENT WITH THIS COMPENSATION PHILOSOPHY, CR: - CLEARLY IDENTIFIES A SURVEY PEER GROUP AND PROTOCOL FOR BENCHMARKING AND DETERMINING THE REASONABLENESS OF TOTAL COMPENSATION IN RELATION TO MARKET NORMS FOR SIMILAR EXECUTIVE POSITIONS; - ENGAGES AN INDEPENDENT AND QUALIFIED COMPENSATION CONSULTANT TO: -PERIODICALLY COMPILE AND ANALYZE COMPETITIVE MARKET COMPENSATION FOR SIMILAR EXECUTIVES IN ORGANIZATIONS COMPARABLE TO CR (USING SURVEY DATA AND IRS FORM 990 DATA FROM OTHER ORGANIZATIONS AS PROVIDED BY AN INDEPENDENT CONSULTANT), - PROVIDE REASONABLY COMPETITIVE TOTAL COMPENSATION CONSISTENT WITH MARKET NORMS AND PERFORMANCE RESULTS IN ANY GIVEN YEAR; AND - PERIODICALLY EVALUATE AND REALIGN PERFORMANCE MEASURES TO CONFORM TO CHANGING STRATEGIC GOALS AND OTHER BUSINESS NEEDS. - ENSURE THAT THE EXECUTIVE COMPENSATION PROGRAM IS CONSISTENT WITH CR'S MISSION AND TAX-EXEMPT STATUS AND THAT COMPENSATION IS BOTH COMPETITIVE AND REASONABLE IS A SHARED RESPONSIBILITY OF THE BOARD OF DIRECTORS AND ITS COMMITTEES AND, WITH RESPECT TO EXECUTIVES OTHER THAN HERSELF, CR'S PRESIDENT. THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS, WHICH ACTS AS THE COMPENSATION COMMITTEE FOR EXECUTIVE COMPENSATION MATTERS DETERMINES A COMPENSATION RECOMMENDATION BASED ON MARKET COMPETITIVE NORMS AND THE EXECUTIVES PERFORMANCE. THE GOVERNANCE COMMITTEE THEN MAKES A RECOMMENDATION TO THE FULL BOARD FOR APPROVAL OF THE TOTAL COMPENSATION FOR ALL EXECUTIVE POSITIONS AT CR. PUBLIC AVAILABILITY OF FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS FORM 990, PART VI, LINE 19 CONSUMER REPORTS'S 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. OTHER CHANGES IN NET ASSETS OR FUND BALANCE PART XI, LINE 9 UNREALIZED GAIN INTEREST RATE SWAP $ 1,557,400 PENSION RELATED CHANGES $ 5,677,060 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT $ 772,775 ROUNDING $ 133 ----------------- TOTAL OTHER CHANGES IN NET ASSETS OR FUND BALANCES $ 8,007,368 CONSUMER MEDIA LLC 101 TRUMAN AVENUE YONKERS NY 10703 263886493 EDUCATION DE 212 6056 CR CONSUMERS UNION ACTION FUND 101 TRUMAN AVENUE YONKERS NY 10703 204780406 LOBBYING DE 501(C) (4) N/A CR true THE TRUMAN AVENUE FOUNDATION INC 101 TRUMAN AVENUE YONKERS NY 10703 205665599 R/E HOLDING DE 501(C) (3) 11-I CR true CHARITABLE REMAINDER TRUST (5) Annuity NY NA Trust true false false false false false false false false false false false false true true false false false false