2016-02-19T10:33:38-06:00 2015-05-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2014-06-01 131776434 CONSUMERS UNION OF UNITED STATES INC % MR MICHAEL MARTIN CPA CONS 9143782000 101 TRUMAN AVENUE YONKERS NY 107031057 ERIC WAYNE VP AND CFO 9143782000 2016-02-17 true KPMG LLP P00431862 2127589700 2014 2016-08-17 19:52:53Z CONSUMER REPORTS Marta L Tellado 101 TRUMAN AVENUE YONKERS NY 107031057 349545278 false X WWW.CONSUMERREPORTS.ORG X 1936 NY CONSUMER REPORTS (CR)'S MISSION IS TO WORK FOR A FAIR, JUST AND SAFE MARKETPLACE FOR ALL CONSUMERS AND TO EMPOWER CONSUMERS TO PROTECT THEMSELVES. 18 18 710 18 3109384 1156069 30449815 31333906 236178000 229515004 913536 2389941 1722296 1224592 269263647 264463443 616708 543875 0 0 91254010 91339376 54846 44291 9653968 166822338 163147765 258747902 255075307 10515745 9388136 419900241 427740422 253271426 257630565 166628815 170109857 X CONSUMER REPORTS (CR)'S MISSION IS To work for a fair, just and safe marketplace for all consumers and to empower consumers to protect themselves. See schedule O for additional information. false false 192533331 0 229515004 CONSUMER INFORMATION, PRODUCT INFORMATION. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. 19140001 543875 0 EDUCATION AND ADVOCACY PROGRAMS FOR HEALTH AND SAFETY. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. 211673332 true true false true false false false false false false true false false false true true false true false false true true 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 430 0 true 710 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 107031057 X DIANE ARCHER CHAIR AS OF 10/18/14 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 DEBORAH COWAN TREASURER 2.0 0.0 X 0 0 0 WALTER BRISTOL CHAIR THRU 10/18/14 2.0 0.0 X 0 0 0 ANTHONY B ITON DIRECTOR 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 CRAIG NEWMARK 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 1.0 X 0 0 0 WILLARD P OGBURN DIRECTOR 2.0 0.0 X 0 0 0 MARTIN SCHNEIDER DIRECTOR 2.0 1.0 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 VICE CHAIR AS OF 10/18/14 2.0 0.0 X 0 0 0 BETSY SCOLNIK DIRECTOR 2.0 0.0 X 0 0 0 JOAQUIN ALVARADO DIRECTOR AS OF 1/24/2015 2.0 0.0 X 0 0 0 ANTHONY BENTEN DIRECTOR AS OF 1/24/2015 2.0 0.0 X 0 0 0 MARTA TELLADO President & CEO as of 9/17/14 40.0 2.0 X 163019 0 562 JAMES GUEST President & CEO thru 9/12/14 40.0 2.0 X 644490 0 55748 RICARDO CASTRO Executive VP as of 9/17/14 40.0 1.0 X 126840 0 2834 RICHARD GANNON Chief Op. Officer thru 3/4/15 40.0 1.0 X 519164 0 69641 ERIC WAYNE VP, Chief Financial Officer 40.0 2.0 X 304506 0 53999 RAHUL BELANI VP, Chief Information Officer 40.0 0.0 X 400586 0 64125 MICHAEL D'ALLESANDRO VP/Chief of Staff thru 9/12/14 40.0 0.0 X 539590 0 46780 BRENT DIAMOND VP Magazine and Newsletter 40.0 0.0 X 379352 0 52662 LIAM CHARLES MCCORMACK VP INT. CONTENT CREATION 40.0 0.0 X 383412 0 52842 CHRISTOPHER MEYER VP, External Affairs 40.0 1.0 X 309175 0 55722 CHRISTIAN NIMSKY VP DIG. PRODUCTS thru 11/14/14 40.0 0.0 X 417432 0 51480 LINDA TEPEDINO VP, Human Res. thru 8/11/14 40.0 0.0 X 341151 0 37994 EILEEN HERSHENOV VP, General Counsel 40.0 2.0 X 363306 0 60327 CAROLYN CLIFFORD-FERRA VP, Operations 40.0 0.0 X 274100 0 51357 DIANE SALVATORE SR. DIR, CONTENT DEVELOPMENT 40.0 0.0 X 265449 0 34371 GWENDOLYN BOUNDS Executive Director Content 40.0 0.0 X 264039 0 28647 MARK CONNELLY SR. DIRECTOR, PRODUCT TESTING 40.0 0.0 X 256668 0 52284 PAIGE AMIDON LITMAN VP, HEALTH THRU 2/28/14 0.0 0.0 X 322939 0 16317 6275218 0 787692 292 true true false GOOGLE INC 1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043 SEARCH ENGINE MKTING 8950596 QUAD GRAPHICS N61 W23044 HARRYS WAY SUSSEX WI 53089 PRINTING 5424532 COMMUNICATIONS DATA SERVICES 1901 BELL AVENUE DES MOINES IA 50315 FULFILLMENT SERVICES 5044989 TELERX MARKETING INC 723 DRESHER RD HORSHAM PA 19044 MARKETING 3728542 INVITE MEDIA INC 1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043 PROMOTIONS SERVICES 3121982 145 5056674 26277232 118015 31333906 SUBSCRIPTION, NEWSSTAND & OTHER 511120 129154829 129154829 ONLINE SUBSCRIPTION SALES 519100 99970886 96861502 3109384 TESTING REVENUE 541380 389289 389289 229515004 617398 617398 0 1224592 1224592 0 0 0 86854378 85081835 1772543 1772543 1772543 0 0 0 0 264463443 226405620 3109384 3614533 543875 543875 0 0 0 6280289 3662754 2617535 0 63954031 50815276 11291722 1847033 4652016 3742125 765244 144647 11244624 8967451 1943445 333728 5208416 4138396 919598 150422 0 642362 34152 585021 23189 656905 38228 618677 0 44291 44291 420904 420904 16184937 14476815 1646104 62018 34273111 33681902 23004 568205 1665118 712063 947117 5938 1946605 1023363 923242 67521 67521 3428654 1193651 2235003 1745126 1424821 288414 31891 0 365615 259266 101490 4859 1332059 1332059 0 10418025 6785830 3618374 13821 1063491 1063491 POSTAGE AND SHIPPING 35209845 32072466 47849 3089530 PRINTING AND PUBLICATION 25199789 23252726 61319 1885744 ORDER PROCESSING 17319528 15477110 556771 1285647 PRODUCT TESTING 4169754 4169754 7038416 5133787 1741624 163005 255075307 211673332 33748007 9653968 566561 344648 23061888 24608923 5166697 4568572 5788980 6055124 0 0 0 0 0 0 4350764 3517252 25967406 27072952 153044851 95437925 57651038 57606926 293632945 300675488 0 0 0 0 0 0 3713962 3290537 419900241 427740422 21844152 23864861 0 0 150470153 145597337 43800000 42550000 0 0 0 0 0 0 0 0 37157121 45618367 253271426 257630565 X 156826388 161244448 9802427 8865409 0 0 166628815 170109857 419900241 427740422 X 9388136 5226403 -11133497 X false true X true false X 20068201 22294281 25458990 30449815 31333906 129605193 0 0 20068201 22294281 25458990 30449815 31333906 129605193 1477756 128127437 4280928 3389184 178572 2172511 1841990 11863185 465115 403739 465359 785061 1145991 3265265 0 0 0 0 0 0 144733643 1154872509 0.88526 0.98640 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false true 80976 true 566288 true 20000 true 724646 true 102506 false 1494416 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 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 APPEARS 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 67985011 36270276 31714735 417311 210501 206810 16584166 12063118 4521048 56123108 46894030 9229078 57606926 65709 CHARITABLE GIFT ANNUITY 10956047 OTHER LIABILITY 995189 DEFERRED RENT 90942 PENSION LIABILITY 24191247 LIABILITY DERVIATIVE INSTRUMEN 6690523 LIFETIME SUBSCRIBER LIABILITY 1431000 CRUT LIABILITY 1197710 45618367 X 258211000 5226403 -11109989 -5883586 264094586 368007 850 368857 264463443 254788000 81824 81824 254706176 368007 1124 369131 255075307 RECONCILIATION OF REVENUE SCHEDULE D, PART XI, LINE 2D CONSUMERS UNION ACTION FUND, INC. $ 25,453 UNREALIZED LOSS ON INTEREST RATE SWAP ( 972,730) PENSION RELATED CHARGES ( 7,241,199) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS ( 2,921,513) ============ $(11,109,989) SCHEDULE D, PART XI, LINE 4B ROUNDING 850 RECONCILIATION OF EXPENSES SCHEDULE D, PART XII, LINE 2D EXPENSES OR RELATED ENTITY CONSUMERS UNION ACTION FUND, INC. $ 81,824 ============ PART XII, LINE 4B - OTHER ROUNDING $ 1,124 ============ 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, 2015 AND 2014, PROVISIONS FOR INCOME TAXES WERE $440,000 AND $340,000, 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, 2012, 2013 AND 2014 ARE SUBJECT TO EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. Europe (Including Iceland and Greenland) Program Services PUBLICATION INFORMATIO 1249556 North America Program Services PUBLICATION INFORMATIO 1286589 2536145 2536145 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 87790 44291 43499 87790 44291 43499 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS NV 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 International financial servies advocacy SUPPORT STATE AND LOCAL MEETINGS USPRIG EDUCATION FUND 218 D STREET SE 1ST FLOOR WASHINTON DC 20003 521384240 501(C)(3) 15000 Support work on health system reform. CONSUMER ORGANIZATION DEVELOPMENT PROGRAM. GENERAL SUPPORT CALIFORNIA PAN-ETHNIC HEALTH NETWORK 654 THIRTEENTH ST TOMEY AVE AT LINCOLN BLVD OAKLAND CA 94612 520880625 501(C)(3) 251375 State and local grants program for US consumer org AND LOCAL ROUNDTABLE MEETING AT ANNUAL CONSUMER ASSEMBLY CONFERENCE. SUPPORT FOR HEALTH COALITION HEALTH ACCESS FOUNDATION 414 13TH STREET OAKLAND CA 94612 131945149 501(C)(3) 110000 Support work on health system reform in California BACK-UP CENTER. SUPPORT FOR HEALTHCARE COURAGE CAMPAIGN 777 S FIGUERDA STREET LOS ANGELES CA 90017 204841338 501(C)(4) 10000 State and local grants program for US consumer org anizations. SUPPORT FOR FAIR UTILITES EFFORTS VERMONT FOOD FIGHT FUND STATE OF VERMONT AGENCY OF ADMIN FINANCIAL SERVICES MONTPELIER VT 05609 036000274 501(C)(3) 10000 Support State and Local travel to CFA Roundtable and Consumer Assembly. SUPPORT FOR FOOD SAFETY 6 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 agreement between CR and the grantee. X X true true X X X X X true true false false false false false true false MARTA TELLADO President & CEO as of 9/17/14 161442 0 0 0 1577 0 0 0 562 0 163581 0 0 0 JAMES GUEST President & CEO thru 9/12/14 417780 0 60000 0 166710 0 42158 0 13590 0 700238 0 117521 0 RICHARD GANNON Chief Op. Officer thru 3/4/15 419912 0 50000 0 49252 0 41642 0 27999 0 588805 0 0 0 ERIC WAYNE VP, Chief Financial Officer 275200 0 10600 0 18706 0 26000 0 27999 0 358505 0 0 0 RAHUL BELANI VP, Chief Information Officer 364354 0 7214 0 29018 0 36126 0 27999 0 464711 0 0 0 MICHAEL D'ALLESANDRO VP/Chief of Staff thru 9/12/14 199426 0 11224 0 328940 0 22509 0 24271 0 586370 0 0 0 BRENT DIAMOND VP Magazine and Newsletter 339886 0 35000 0 4466 0 24663 0 27999 0 432014 0 0 0 LIAM CHARLES MCCORMACK VP INT. CONTENT CREATION 347310 0 15351 0 20751 0 34193 0 18649 0 436254 0 0 0 CHRISTOPHER MEYER VP, External Affairs 280568 0 11079 0 17528 0 27723 0 27999 0 364897 0 0 0 CHRISTIAN NIMSKY VP DIG. PRODUCTS thru 11/14/14 296000 0 25000 0 96432 0 25898 0 25582 0 468912 0 0 0 LINDA TEPEDINO VP, Human Res. thru 8/11/14 175518 0 0 0 165633 0 20793 0 17201 0 379145 0 0 0 EILEEN HERSHENOV VP, General Counsel 328911 0 15329 0 19066 0 33273 0 27054 0 423633 0 0 0 PAIGE AMIDON LITMAN VP, HEALTH THRU 2/28/14 46160 0 0 0 276779 0 5867 0 10450 0 339256 0 0 0 CAROLYN CLIFFORD-FERRA VP, Operations 256298 0 5085 0 12717 0 25851 0 25506 0 325457 0 0 0 DIANE SALVATORE SR. DIR, CONTENT DEVELOPMENT 251689 0 9203 0 4557 0 24305 0 10066 0 299820 0 0 0 GWENDOLYN BOUNDS Executive Director Content 245901 0 11800 0 6338 0 10399 0 18248 0 292686 0 0 0 MARK CONNELLY SR. DIRECTOR, PRODUCT TESTING 238459 0 4800 0 13409 0 24278 0 28006 0 308952 0 0 0 PART I, LINE 1A PERSONAL TRAVEL AND HOUSING BENEFITS WERE PROVIDED TO THE VP OF DIGITAL PRODUCTS, AND VP, CHIEF INFORMATION OFFICER. THE BENEFITS PROVIDED TO THE VP OF DIGITAL PRODUCTS WERE GROSSED UP TO TAX WITHHOLDINGS. THESE AMOUNTS WERE TREATED AS TAXABLE COMPENSATION AND DISCLOSED ON SCHEDULE J, PART II, COLUMN B(III). PART I, LINE 4A - SEVERANCE PAYMENTS MICHAEL D'ALESSANDRO - $284,849 LINDA TEPEDINO - $ 143,849 PAIGE AMIDON LITMON - $269,293 PART I, LINE 4B EMPLOYER CONTRIBUTIONS FOR PARTICIPATION IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN - DEFERRED COMPENSATION JAMES GUEST - $17,500 RICHARD GANNON - $15,642 RAHUL BELANI - $10,126 MICHAEL D'ALESSANDRO - $2,326 LIAM MCCORMACK - $8,193 CHRISTOPHER MEYER - $1,723 LINDA TEPEDINO - $3,031 EILEEN HERSHENOV - $7,273 PAIGE AMIDON LITMAN - $1,206 JAMES GUEST RECEIVED A PAYMENT OF $117,521 RELATED TO PARTICIPATION IN A NON-QUALIFIED RETIREMENT PLAN THAT WAS PREVIOUSLY REPORTED ON A PRIOR FORM 990 AND IS CURRENTLY INCLUDED ON SCHEDULE H, PART II, COLUMN B (III). PART I, LINE 7 COLUMN B (II) BONUS & INCENTIVE CONTRACTUAL DISCRETIONARY COMPENSATION BONUS (MERIT) RICHARD GANNON $50,000 $50,000 ERIC WAYNE $10,600 $10,600 CHRISTIAN NIMSKY $25,000 $25,000 LIAM MCCORMACK $15,351 $15,351 MICHAEL D'ALESSANDRO $11,224 $11,224 CHRISTOPHER MEYER $11,079 $11,079 BRENT DIAMOND $35,000 $25,000 $10,000 RAHUL BELANI $ 7,214 $ 7,214 EILEEN HERSHENOV $15,329 $15,329 JAMES GUEST $60,000 $60,000 CAROLYN CLIFFORD-FERRA $ 5,085 $ 5,085 DIANE SALVATORE $ 9,203 $ 9,203 GWENDOLYN BOUNDS $11,800 $ 6,800 $ 5,000 MARK CONNELLY $ 4,800 $ 4,800 A CITY OF YONKERS INDUSTRIAL DEVELOPMENT AGENCY 131776434 986083BN2 2005-12-22 47300000 MULTI-MODAL CIVAL FACILITY REVENUE false false false A 4750000 0 47300000 0 0 0 1207321 1066734 0 9980132 35045813 0 2006 true false true true A false false false false 0 false false false false 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. Part III, Line 9 - Establishment of Written Procedures PRIOR TO JUNE 1, 2015, CR IMPLEMENTED A PROCESS TO MONITOR PRIVATE BUSINESS USE OF THE FACILITY. IN ADDTION, 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 118015 FAIR MARKET VALUE false true false 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. THE NUMBER OF PAID SUBSCRIBERS FOR EACH AS OF 5/31/15 INCLUDE CONSUMER REPORTS MAGAZINE 3,712,178; CONSUMER REPORTS ON HEALTH 555,735; CR ONLINE 3,099,548; CONSUMER REPORTS MONEY ADVISER 126,162; AND SHOP SMART 309,968. CONSUMERS UNION OF US INC. 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 ADVISE CONSUMERS ON THE EXTENT TO WHICH THEY ARE CONVENIENT, SAFE, AND ECONOMICAL. DURING THE FISCAL YEAR ENDED 5/31/15, CONSUMER REPORTS CONDUCTED TESTS AND EVALUATIONS ON MORE THAN 3200 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 HAS A FOCUSED EFFORT ON EDUCATING CONSUMERS IN THE CRITICAL AREAS OF HEALTH AND SAFETY. RECENT INITIATIVES INCLUDE PROGRAMS INTENDED TO PROVIDE BETTER COMPARATIVE, EVIDENCE-BASED MEDICAL INFORMATION AS WELL AS PROGRAMS DESIGNED TO ALERT CONSUMERS TO THE RISKS ASSOCIATED WITH DANGEROUS PRODUCTS AND SERVICES. 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 AT ESPANOL.CONSUMERREPORTS.ORG; CONSUMER REPORTS GREENER CHOICES (GREENERCHOICES.ORG); AND ECO-LABELS, AN ONLINE GUIDE TO ENVIRONMENTAL LABELS (ECO-LABELS.ORG). SPECIFIC ACCOMPLISHMENTS INCLUDE: HEALTH INFORMATION- THROUGH ITS HEALTH CONTENT, INFORMATION TOOLS, PARTNERSHIPS, AND ADVOCACY WORK, CONSUMER REPORTS FOCUSES ON ACHIEVING HIGH-VALUE CARE FOR ALL CONSUMERS AND REDUCING PATIENT HARM. CONSUMER REPORTS CONTINUES TO DEVELOP HEALTH RATINGS (E.G. HOSPITAL SAFETY RATINGS), INFORMATION PRODUCTS, EDUCATIONAL PROGRAMS, AND COMMUNICATIONS CAMPAIGNS (INCLUDING CHOOSING WISELY AND BEST BUY DRUGS) TO RAISE CONSUMER AWARENESS ABOUT THE CHANGING HEALTH CARE SYSTEM, ENGAGE THEM IN THEIR HEALTH CARE DECISION MAKING, AND EMPOWER THEM TO LEAD HEALTHIER LIVES. THROUGH A NETWORK OF PARTNERSHIPS THAT INCLUDES OTHER NONPROFITS, UNIONS, EMPLOYERS, AND REGIONAL COMMUNITY ORGANIZATIONS, THIS WORK REACHES MORE THAN 100 MILLION CONSUMERS EACH YEAR. THE CHOOSING WISELY PROGRAM, A PARTNERSHIP WITH ABIM FOUNDATION AND SPECIALTY MEDICAL SOCIETIES, ENCOURAGES CONVERSATIONS BETWEEN PATIENTS AND PHYSICIANS ABOUT TESTS, TREATMENTS, AND PROCEDURES THAT MAY BE UNNECESSARY AND ARE SOMETIMES HARMFUL. CONTENT AND MESSAGES IN EASY-TO-READ ENGLISH AND SPANISH ARE DISSEMINATED TO CONSUMERS IN PRINT, ONLINE, VIDEO, AND OTHER CHANNELS. THE BEST BUY DRUGS PROGRAM DEVELOPS RESOURCES TO HELP CONSUMER CHOOSE SAFE, AFFORDABLE PRESCRIPTION DRUGS AND EDUCATES THEM ABOUT OFF-LABEL USE AND THE SAFETY OF DRUGS INCLUDING OPIOIDS AND ANTIBIOTICS, WHICH WERE FEATURED IN CONSUMER REPORTS MAGAZINE COVER STORIES. HOSPITAL RATINGS, BASED ON THE BEST AVAILABLE DATA, HELP CONSUMERS CHOOSE SAFE HOSPITALS, AVOID UNSAFE ONES, AND PROTECT THEMSELVES DURING THEIR HOSPITAL STAY. OTHER FREE CONSUMER TOOLS TO SUPPORT TRANSPARENCY AND DECISION-MAKING AROUND COST AND QUALITY ARE ALSO BEING DEVELOPED. CONSUMER REPORTS' ONLINE TOOL (HEALTHLAWHELPER.COM) ENGAGED MORE THAN 750,000 CONSUMERS DIRECTLY IN LEARNING ABOUT THEIR OPTIONS AND NEXT STEPS UNDER THE AFFORDABLE CARE ACT. THE TOOL PROVIDED RELEVANT INFORMATION ABOUT DIFFICULT TOPICS LIKE HEALTH INSURANCE PREMIUM TAX CREDITS AND HOW TO MEET THE LAW'S REQUIREMENT TO HAVE COVERAGE AND AVOID A TAX PENALTY. CONSUMERS UNION HAS BEEN A LEADER IN PRODUCING PRINTED CONSUMER-FACING EDUCATION MATERIALS, INCLUDING FOUR PRINT GUIDES TO THE CHANGES MADE BY THE LAW, STATE-SPECIFIC TAX-CREDIT EXPLAINERS, AND A SERIES OF HEALTH INSURANCE LITERACY PIECES AIMED AT MAKING COVERAGE MORE UNDERSTANDABLE. TO DATE WE'VE DISTRIBUTED CLOSE TO 2 MILLION HARD COPIES OF THE VARIOUS PUBLICATIONS AND SHARED THE INFORMATION ACROSS OUR VARIOUS ONLINE PRODUCTS. THE GUIDES ARE ALSO AVAILABLE IN SPANISH. ADDITIONALLY, WE'VE CREATED AN ONLINE TOOL (CONSUMERSUNION.ORG/INSURANCE-COMPLAINT-TOOL) AIMED AT HELPING CONSUMERS FILE HEALTH INSURANCE COMPLAINTS IN THEIR STATE. SAFETY- OUR FOOD SAFETY AND SUSTAINABILITY CENTER CONTINUES ITS WORK TO EDUCATE CONSUMERS ABOUT FOOD SAFETY ISSUES AS WELL AS MARKETPLACE PRACTICES THAT MISLEAD CONSUMERS. IN FISCAL YEAR 2015, SEVERAL FOOD TESTS WERE CONDUCTED INCLUDING GMOS IN FOODS, SHRIMP AND BEEF TESTING, PESTICIDES IN PRODUCE. EXPANSIVE SCIENTIFIC REPORTS WERE ALSO CREATED FOR EACH PROJECT. OUR WORK INCLUDED A CAMPAIGN TO ELIMINATE THE MISLEADING USES OF THE "NATURAL" LABEL, AND TO SPREAD AWARENESS ABOUT SUSTAINABLE PRODUCTION PRACTICES SUCH AS FAIR TRADE, ANIMAL WELFARE, AND ORGANIC, LOOKING AT WHICH CLAIMS IN THOSE AREAS TRULY MEET CONSUMER EXPECTATIONS AND WHICH DON'T. THE CENTER CONTINUES TO WATCHDOG AND ADVOCATE FOR BETTER LABELING STANDARDS REGARDING SUSTAINABLE CLAIMS ON FOOD. CONSOLIDATED FINANCIAL STATEMENTS 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, 2015, 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 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 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, LINE 15 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 ("THE BOARD"), ITS COMPENSATION AND HUMAN RESOURCES COMMITTEE ("THE COMMITTEE"), AND CR'S PRESIDENT. THE COMMITTEE IS MADE UP OF INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS WHO DO NOT HAVE ANY CONFLICT OF INTEREST WITH REGARD TO EXECUTIVE COMPENSATION. THE BASES FOR THE DECISIONS MADE BY THE COMMITTEE ARE DOCUMENTED IN THE MINUTES OF EACH COMMITTEE MEETING. 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 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 $( 972,370) PENSION RELATED CHANGES $( 7,241,199) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT $( 2,921,513) OTHER ROUNDING $ 1,585 ____________ TOTAL OTHER CHANGES IN NET ASSETS OR FUND BALANCES $(11,133,497) ============ CONSUMER MEDIA LLC 101 TRUMAN AVENUE YONKERS NY 10703 263886493 EDUCATION DE 205 6881 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