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SEE SCHEDULE O FOR ADDITIONAL INFORMATION. 15790230 167896 EDUCATION AND ADVOCACY PROGRAMS FOR HEALTH AND SAFETY. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. 209476269 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 404 0 true 712 true true true true CA false false false true true false false false false X 17 17 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 DIRECTOR 2.0 0.0 X 0 0 0 MARCIA ARONOFF DIRECTOR 2.0 0.0 X 0 0 0 ROBERT E BAENSCH DIRECTOR 2.0 0.0 X 0 0 0 ANTHONY BENTEN DIRECTOR 2.0 0.0 X 0 0 0 DEBORAH COWAN TREASURER 2.0 0.0 X 0 0 0 ANTHONY B ITON VICE CHAIR, THRU 5/15/16 2.0 0.0 X 0 0 0 CAROL IZUMI DIRECTOR 2.0 0.0 X 0 0 0 ANNETTE LOVOI DIRECTOR 2.0 0.0 X 0 0 0 HEATHER C 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 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 THOMAS C VOICE SECRETARY 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 592222 0 28950 RICARDO CASTRO Executive VP THRU 1/8/16 40.0 0.0 X 460168 0 41856 ERIC WAYNE VP, Chief Financial Officer 40.0 2.0 X 302419 0 60666 LEONORA WIENER SENIOR VP as of 2/5/2016 40.0 1.0 X 391924 0 34777 RAHUL BELANI VP, CIO THRU 12/1/15 40.0 0.0 X 429258 0 66703 LISA CRIBARI VP, HUMAN RESOURCES 40.0 0.0 X 298984 0 41305 BRENT DIAMOND VP, CONSUMER DATA&MARKETING OP 40.0 0.0 X 356661 0 61681 JASON FOX VP, CHIEF DIGITAL OFFICER 40.0 0.0 X 254506 0 28468 LIAM CHARLES MCCORMACK VP INT. CONTENT CREATION 40.0 0.0 X 361788 0 55243 ELLEN BLOOM SR DIR FED POL Thru 12/18/15 40.0 0.0 X 292340 0 20981 GWENDOLYN BOUNDS EXECUTIVE DIRECTOR CONTENT 40.0 0.0 X 292618 0 48045 EILEEN HERSHENOV VP, GEN COUNSEL THRU 11/1/15 40.0 0.0 X 364859 0 69543 ROBERT MCEWEN VP, COMMUNICATIONS 40.0 0.0 X 299455 0 39305 DIANE SALVATORE EDITOR IN CHIEF, CR MAGAZINE 40.0 0.0 X 279099 0 36317 RICHARD GANNON Chief Op. Officer thru 3/4/15 0.0 0.0 X 729532 0 42712 CHRISTOPHER MEYER VP, Ext Affairs THRU 5/29/15 0.0 0.0 X 422126 0 34762 CHRISTIAN NIMSKY VP DIG. PRODUCTS thru 11/14/14 0.0 0.0 X 198480 0 0 LINDA TEPEDINO VP, HUMAN RES. 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LINE 1B - PAID STAFF OR MANAGEMENT: PLEASE SEE BELOW ACTIVITIES, AS STAFF AND MANAGEMENT ARE INCLUDED IN THOSE ACTIVITIES AND TOTALS LINE 1D - MAILING TO MEMBERS, LEGISLATORS, OR THE PUBLIC: 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 1F - GRANTS TO OTHER ORGANIZATIONS FOR LOBBYING PURPOSES: GRANTS TO NON-PROFIT ORGANIZATIONS ON THE GROUND IN STATES WHERE WE ARE WORKING. 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 68023424 38558087 29465337 422311 274451 147860 19114877 13874451 5240426 61744672 50239278 11505394 58294272 98825 CHARITABLE GIFT ANNUITY 12147000 LONG TERM ACCRUED COMPENSATION 2309045 DEFERRED RENT 12771 PENSION LIABILITY 33871476 LIABILITY DERVIATIVE INSTRUMEN 7380564 LIFETIME SUBSCRIBER LIABILITY 1360000 CRUT LIABILITY 1053278 OTHER DEFERRED REVENUE 375000 58607959 X 226311000 -17441005 -11248758 -28689763 255000763 383843 -2697 381146 255381909 253611000 14671 14671 253596329 383843 259 384102 253980431 RECONCILIATION OF REVENUE SCHEDULE D, PART XI, LINE 2D CONSUMERS UNION ACTION FUND, INC. $ 660 UNREALIZED LOSS ON INTEREST RATE SWAP (690,043) PENSION RELATED CHARGES (10,061,890) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (497,485) ============ $(11,248,758) SCHEDULE D, PART XI, LINE 4B ROUNDING $ (2,697) ============ RECONCILIATION OF EXPENSES SCHEDULE D, PART XII, LINE 2D EXPENSES OR RELATED ENTITY CONSUMERS UNION ACTION FUND, INC. $ 14,646 THE TRUMAN AVENUE FOUNDATION, INC. $ 25 ============ $ 14,671 PART XII, LINE 4B - OTHER ROUNDING $ 259 ============ FIN 48 UNCERTAINTY IN TAXES PART X, LINE 2 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, 2016 AND 2015, PROVISIONS FOR INCOME TAXES WERE $630,000 AND $440,000, 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, 2013, 2014 AND 2015 ARE SUBJECT TO EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. Europe (Including Iceland and Greenland) Program Services PUBLICATION INFORMATIO 1299864 North America Program Services PUBLICATION INFORMATIO 1029591 2329455 2329455 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 MESA AZ 85210 TELE MARKETING false 103427 84252 19175 103427 84252 19175 AL AK AR 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 AMERICAN MUSEUM OF TORT LAW 1530 P STREET NW WASHINGTON DC 20005 061529225 501(c)(3) 50000 GENERAL OPERATING SUPPORT FOR EFFORTS TO INCREASE PUBLIC UNDERSTANDING OF TORT LAW 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 true true X X X X X true false false false false false false true false MARTA TELLADO President & CEO 586058 6164 26500 2450 621172 RICARDO CASTRO Executive VP THRU 1/8/16 457245 2923 25723 16133 502024 RICHARD GANNON Chief Op. Officer thru 3/4/15 77937 651595 24141 18571 772244 ERIC WAYNE VP, Chief Financial Officer 294066 8353 28529 32137 363085 RAHUL BELANI VP, CIO THRU 12/1/15 343232 86026 37222 29481 495961 LISA CRIBARI VP, HUMAN RESOURCES 291804 7180 19631 21674 340289 BRENT DIAMOND VP, CONSUMER DATA&MARKETING OP 352057 4604 31949 29732 418342 CHRISTOPHER MEYER VP, Ext Affairs THRU 5/29/15 121063 301063 14802 19960 456888 CHRISTIAN NIMSKY VP DIG. PRODUCTS thru 11/14/14 198480 198480 ELLEN BLOOM SR DIR FED POL Thru 12/18/15 218156 63648 10536 18907 2074 313321 GWENDOLYN BOUNDS EXECUTIVE DIRECTOR CONTENT 284016 7000 1602 26379 21666 340663 EILEEN HERSHENOV VP, GEN COUNSEL THRU 11/1/15 281850 83009 34081 35462 434402 LEONORA WIENER SENIOR VP as of 2/5/2016 389001 2923 22148 12629 426701 JASON FOX VP, CHIEF DIGITAL OFFICER 252956 1550 5885 22583 282974 LIAM CHARLES MCCORMACK VP INT. CONTENT CREATION 359819 1969 35400 19843 417031 ROBERT MCEWEN VP, COMMUNICATIONS 293804 5651 19631 19674 338760 DIANE SALVATORE EDITOR IN CHIEF, CR MAGAZINE 270912 3800 4387 25716 10601 315416 LINDA TEPEDINO VP, HUMAN RES. THRU 8/11/14 143850 11594 155444 PART I, LINE 1A PERSONAL TRAVEL AND HOUSING BENEFITS WERE PROVIDED TO THE VP, CHIEF INFORMATION OFFICER. THESE AMOUNTS WERE TREATED AS TAXABLE COMPENSATION AND DISCLOSED ON SCHEDULE J, PART II, COLUMN B(III). PART I, LINE 4A - SEVERANCE PAYMENTS EILEEN HERSHENOV - $57,206 RICHARD GANNON - $637,500 CHRISTOPHER MEYER - $290,836 CHRISTIAN NIMSKY - $198,480 LINDA TEPEDINO - $143,850 PART I, LINE 7 COLUMN B (II) BONUS & INCENTIVE CONTRACTUAL DISCRETIONARY COMPENSATION BONUS (MERIT) GWENDOLYN BOUNDS $ 7,000 $ 7,000 DIANE SALVATORE $ 3,800 $ 3,800 ELLEN BLOOM $63,648 $60,648 $ 3,000 A CITY OF YONKERS INDUSTRIAL DEVELOPMENT AGENCY 521294255 986083BN2 2005-12-22 47300000 MULTI-MODAL CIVAL FACILITY REVENUE false false false A 6050000 0 47300000 0 0 0 560305 1066734 0 9980132 35692829 0 2006 true false true true A false false true true false 0.01626 0.01851 0.03477 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 14 362955 FAIR MARKET VALUE false true false Schedule M, Part I, Column (B) The number 14 represents the number of gift items or contributors that donated of publicly traded securities received by Consumer Reports, Inc. in 2015. 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 5/31/16 INCLUDE CONSUMER REPORTS MAGAZINE 3,728,633; CONSUMER REPORTS ON HEALTH 550,767; AND CR ONLINE 3,002,061. 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 5/31/16, CONSUMER REPORTS CONDUCTED TESTS AND EVALUATIONS ON MORE THAN 3000 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 through rigorous, scientific-based testing of the products we buy, as well as championing the rights of consumers in the halls of government, and in the increasingly complex marketplace that consumers must navigate each day. IN ADDITION, CONSUMER REPORTS PROVIDES SUBSTANTIAL FREE CONSUMER EDUCATION INFORMATION AS A PUBLIC SERVICE THROUGH OUR EDUCATIONAL WEBSITES AND THROUGH AN EXPANDING USE OF SOCIAL NETWORKING SITES AND BLOGS. CONSUMER REPORTS'S EDUCATIONAL WEBSITES INCLUDE: THE CONSUMER REPORTS'S ADVOCACY WEBSITE (CONSUMERSUNION.ORG); CONSUMER REPORTS BEST BUY DRUGS (CRBESTBUYDRUGS.ORG); CONSUMER HEALTH CHOICES (CONSUMERHEALTHCHOICES.ORG); SPANISH-LANGUAGE CONSUMER EDUCATION MATERIALS (ESPANOL.CONSUMERREPORTS.ORG); and CONSUMER REPORTS GREENER CHOICES (GREENERCHOICES.ORG). Our long-standing commitment to educate consumers and advocating for laws, policies and practices that benefit consumers is exemplified by the accomplishments we achieved in FY16. SOME SPECIFIC ACCOMPLISHMENTS INCLUDE: AUTO SAFETY: FY16 marked the end of a long, hard-fought and ultimately successful effort by CR to raise the bar for automobile safety. Today, when a car is recalled for a safety problem, such as a defective airbag, the law requires a new-car dealer to fix the vehicles on the lot before they are sold. However, this common-sense standard did not apply to rental cars. This little-known gap in the law left consumers unknowingly renting vehicles with safety defects. For years, CR shined the spotlight on this problem through our reporting, while we pushed Congress to put tougher standards in place, while battling opposition from industry. We prevailed in December 2015 with the passage of a new, national law that requires rental cars with safety recalls to be repaired before they are rented. While we celebrated this win, we are still fighting to get the same standard for the millions of used cars sold each year. PRODUCT SAFETY: CR marked another victory for safer products in January when President Obama signed a CR-endorsed law to protect children from liquid nicotine used in e-cigarettes and other vaping devices. Poison control centers reported a disturbing spike in the number of kids who were exposed to the highly-toxic liquid, which may come in bright colors with flavor names like "cotton candy"gummy bear". Most affected children were reportedly kids under age 6 who may have ingested or inhaled liquid nicotine or gotten it on their skin or in their eyes. We reported on the injuries and the lack of standards, and we went to Capitol Hill to urge lawmakers to act. Under the new law advocated by CR, liquid nicotine can only be sold in child-resistant bottles and containers. PUBLIC INFORMATION: To advance our mission, we work not only to improve the laws that protect consumers; we work to empower and educate consumers on how they can protect themselves as well. We launched a major public-education effort in FY16 to alert consumers about the dangers of laundry detergent pods. As with liquid nicotine, poison control centers reported a dramatic uptick in cases of young children who ingested or inhaled the contents of these pods, which may be mistaken for candy. CR announced it would not recommend the pods to consumers until the rate of injuries improved. We used multiple platforms to inform people about the need to keep these pods out of reach of kids, while working with government and companies to promote safer designs and stronger warnings. HEALTH INFORMATION: CR launched a multi-platform campaign to educate people about the escalating health crisis of antibiotic resistance. Two million people in the U.S. become infected with antibiotic-resistant bacteria and at least 23,000 people die each year, according to the Centers for Disease Control and Prevention. Most of the antibiotics sold in the U.S. are not for treating sick people, but for preventing disease and speeding up the growth of food animals. This trend, as well as the overprescription of antibiotics in human medicine, has helped fuel the rise in deadly superbugs. CR published a series of investigative reports on the problem, including the surge of superbugs in hospitals and the role that antibiotics play in the production of our meat supply. CR believes this problem can be dramatically reduced by consumers if the governments here and abroad will step up their own public-education efforts, so people can ask the right questions of their doctors and ensure they are not being given antibiotics unnecessarily. Additionally, in the healthcare arena we scored wins in Florida and Georgia, where state lawmakers approved laws aimed at surprise medical bills. Many consumers have told us their stories of hospital visits where they made a point of seeing their in-network doctor, but because someone else on the medical team was out of network, they were still hit with huge, unexpected bills. The Florida Governor signed into law a comprehensive consumer protection against surprise medical bills. The Georgia Governor signed into law a surprise medical bill measure focusing on erroneous provider directories. CR lobbied for the passage of both bills. FOOD SAFETY: On the food-safety front, CRs push to improve the federal governments advice to consumers about mercury and fish consumption came to fruition with new federal dietary guidelines that recommend low-mercury fish, rather than tuna, to fish eaters and pregnant women. Plus, the Food and Drug Administration published guidance establishing a maximum level for arsenic in infant cereals. CR's testing found high levels of arsenic in rice products, including infant cereals. CONSOLIDATED FINANCIAL STATEMENTS FORM 990, PART IV, LINE 12 CONSUMER REPORTS IS AUDITED IN COMBINATION WITH ITS RELATED ORGANIZATIONS: CONSUMERS UNION ACTION FUND, INC. [EIN: 20-4780406] AND TRUMAN AVENUE FOUNDATION, INC. [EIN: 20-5665599], ALTHOUGH SEPARATE AUDITED FINANCIAL STATEMENTS ARE NOT ISSUED FOR CONSUMER REPORTS, A CONSOLIDATED AUDITED FINANCIAL STATEMENT WAS ISSUED FOR THE FISCAL YEAR ENDED MAY 31, 2016, WHICH WAS PREPARED IN ACCORDANCE WITH US GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. 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 OUR INDEPENDENT FINANCIAL AUDITOR, 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, IF CONFLICTS CANNOT BE RESOLVED, BY A STAFF CONFLICT OF INTEREST COMMITTEE. 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 - PROVIDES REASONABLY COMPETITIVE TOTAL COMPENSATION CONSISTENT WITH MARKET NORMS AND PERFORMANCE RESULTS IN ANY GIVEN YEAR; AND - PERIODICALLY EVALUATES AND REALIGNS PERFORMANCE MEASURES TO CONFORM TO CHANGING STRATEGIC GOALS AND OTHER BUSINESS NEEDS. ENSURES 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. 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 LOSS INTEREST RATE SWAP $( 690,043) PENSION RELATED CHANGES $(10,061,890) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT $( 497,485) ROUNDING $ 1,533 ____________ TOTAL OTHER CHANGES IN NET ASSETS OR FUND BALANCES $(11,247,885) ============ CONSUMER MEDIA LLC 101 TRUMAN AVENUE YONKERS NY 10703 263886493 EDUCATION DE 21222 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