2013-01-10T14:28:18-06:00 2012-05-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2011-06-01 131776434 Consumers Union of United States Inc % MS CONNIE TUCKER CONS 9143782000 101 TRUMAN AVENUE YONKERS NY 107031057 JAMES A GUEST 2013-01-08 true KPMG LLP 2127589700 2011 2016-02-25 16:41:14Z JAMES A GUEST 101 TRUMAN AVENUE YONKERS NY 107031057 818962137 false X WWW.CONSUMERREPORTS.ORG X 1936 NY TO WORK FOR A FAIR, JUST AND SAFE MARKETPLACE FOR ALL CONSUMERS AND TO EMPOWER CONSUMERS TO PROTECT THEMSELVES. . 17 17 751 17 1475040 403739 20068201 22294281 229420821 230362907 2227102 8476056 2440166 2135106 254156290 263268350 465865 799459 0 0 90384979 96900339 156415 234439 9365588 166651788 167338317 257659047 265272554 -3502757 -2004204 361611492 335920076 261525082 274698247 100086410 61221829 X 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 225538970 799459 230362907 CONSUMER INFORMATION, PRODUCT INFORMATION, EDUCATION AND GRANTS. 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1164703 260555 32717 1358960 87124 1271836 816769 816769 2909363 2324145 519932 65286 1270778 1023276 217122 30380 0 340673 240868 97365 2440 1181934 1181934 0 10941354 7278974 3658379 4001 1057031 1057031 POSTAGE & SHIPPING 37415633 34328057 108743 2978833 PRINTING & PUBLICATION 30642169 28537337 78766 2026066 OTHER COST OF SALES 2226598 2226598 ORDER PROCESSING 16802899 14135368 1412099 1255432 10140714 8980492 1082859 77363 265272554 225538970 30367996 9365588 630999 646881 17896917 7338698 2715280 4777330 7758095 7030749 0 0 0 0 0 0 4073664 4545978 36639133 34933298 133608307 71731076 63716597 61877231 224766097 211504883 0 0 0 0 0 0 3414710 3265028 361611492 335920076 22900904 17757687 0 0 151120934 147565415 47300000 46175000 0 0 0 0 0 0 0 0 40203244 63200145 261525082 274698247 X 95680605 55125154 4405805 6096675 0 0 100086410 61221829 361611492 335920076 X -2004204 -36860377 X false true true X false X 27060621 18756084 17433629 20068201 22294281 105612816 229309060 225742828 220602270 228010433 230362907 1134027498 256369681 244498912 238035899 248078634 252657188 1239640314 17950 25500 39737 29945 55411 168543 17950 25500 39737 29945 55411 168543 1239471771 7537305 6574790 4602500 4280928 3389184 26384707 125396 125396 7537305 6574790 4727896 4280928 3389184 26510103 507806 670126 -1187597 1000000 554999 1545334 264414792 251743828 241576198 253359562 256601371 1267695751 0.97774 0.97484 0.02091 0.02275 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true true 18000 true 59477 true 368765 false true 500979 true 108649 false 1055870 false 11935255 11935255 64583838 29931055 34652783 231590 98472 133118 15251516 12093533 3157983 41606108 29608016 11998092 61877231 124561 CHARITABLE GIFT ANNUITY 9232900 OTHER LIABILITY 439248 DEFERRED RENT 155716 PENSION LIABILITY 41521422 LIABILITY DERIVATIVE INSTRUMEN 8936014 LIFETIME SUBSCRIBER LIABILITY 1619000 CRUT LIABILITY 1171284 63200145 263268350 265272554 -2004204 -19149356 -17711766 -36861122 -38865326 226036304 -19149356 52341 -19097015 245133319 423652 17711379 18135031 263268350 264865283 16381 16381 264848902 423652 423652 265272554 RECONCILIATION OF CHANGE IN NET ASSETS PART XI, LINE 8 UNREALIZED LOSS INTEREST RATE SWAP .................. (4,248,257) PENSION RELATED CHANGES ............................. (13,503,970) CHANGE IN VALUE SPLIT INTEREST AGREEMENT ............ 40,220 ROUNDING ........................................... 241 -------------- TOTAL............................................... $ (17,711,766) ============== RECONCILIATION OF REVENUE SCHEDULE D, PART XII PART XII, LINE 2D REVENUE OF RELATED ENTITY - CONSUMERS UNION ACTION FUND, INC. ................$ 52,341 ------- TOTAL.............................................$ 52,341 PART XII, LINE 4B - OTHER UNREALIZED LOSS ON INTEREST RATE SWAP ..................$ 4,248,257 PENSION RELATED CHANGES ................................$ 13,503,970 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS ...........$ (40,220) ROUNDING ...............................................$ (628) ------------ TOTAL ..................................................$ 17,711,379 RECONCILIATION OF EXPENSES SCHEDULE D, PART XIII, LINE 2B EXPENSES OF RELATED ENTITY - CONSUMERS UNION ACTION FUND, INC. ...................$ 15,970 EXPENSES OF RELATED ENTITY - TRUMAN AVENUE FOUNDATION, INC .......................$ 25 ROUNDING ............................................$ 386 -------- TOTAL ...............................................$ 16,381 ======== true Europe (Including Iceland and Greenland) Grantmaking Publication and inform 16300 Europe (Including Iceland and Greenland) Program Services Pulbication Info 1608961 North America Grantmaking 5000 North America Program Services Publication Info 1388427 3018688 3018688 Europe/Iceland/Greenland General Support 16300 WIRE 0 ACCRUAL 1 Al Consumidor, A.C North America 5000 false false false false false false MONITORING GRANT FUNDS SCHEDULE F, PART 1, LINE 2 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 CU and the grantee. 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 true Donor Services Group TELE MARKETING false 233302 108240 125062 233302 108240 125062 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI true California Pan-Ethnic Health Network 1221 Preservation Park Way Oakland CA 94612 520880625 501(C)(3) 332529 Support work on health system reform in California CONSUMER ORGANIZATION DEVELOPMENT PROGRAM. Consumer Federation of America 1424 16th Strret NW Suite 604 Washington DC 20036 161774332 501(C)(3) 60000 State and local grants program for US consumer org AND LOCAL ROUNDTABLE MEETING AT ANNUAL CONSUMER ASSEMBLY CONFERENCE. Consumer Federation of America 1424 16th Strret NW Suite 604 Washington DC 20036 161774332 501(C)(3) 25000 Support State and Local Roundtable meeting BACK-UP CENTER. USPIRG Education Fund 218 D Street SE 2ne Floor SUITE 650 Washington DC 20003 870684606 501(C)(3) 25000 General support for National Consumer back-up Cent REGARDING IDENTITY THEFT AND FINANCIAL PRIVACY ISSUES. Connecticut Center for Patient Safety 26 W Woodland Drrive Suite 45 Redding CT 06896 201517678 501(C)(3) 7500 Public education on patient safety STATIONS AND CONDUCT MEDIA AND POLICYMAKER OUTREACH HEALTH ACCESS FOUNDATION 1127 11th Street Suite 234 Sacramento CA 95814 131945149 501(C)(3) 295630 Support work on health system reform in California PATIENT SAFETY AND HEALTH ACQUIRED INFECTIONS Health Action New Mexico PO Box 460 336 N Camino del Pue Bernalillo NM 87004 850481860 501(C)(3) 20000 Support for project to educate seniors on Medicare AND LOCAL ROUNDTABLE MEETING AT ANNUAL CONSUMER ASSEMBLY CONFERENCE Florida Chain 16887 96th TerrN Jupiter FL 33478 113799890 501(C)(3) 12500 Support for project to encourage increased transpa SECURITY FREEZE AND IDENTITY THEFT PREVENTION ISSUES 8 CRITERIA FOR SELECTING PROJECTS FOR FUNDING SCHEDULE I, PART I, LINE 1 The criteria for selecting projects for funding through the Colston E. Warne small grants program including the followings: - The projects should be consistent with CU'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. - CU'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. Almost all grants are awarded to pre-selected organizations. MONITORING GRANT FUNDS SCHEDULE I, PART II 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 CU and the grantee. X X X X X true true false false false false false true false JAMES A GUEST 539027 0 104750 0 26516 0 80208 0 34515 0 785016 0 0 0 LAURENCE BUNIN 122880 0 67500 0 233 0 0 2562 0 193175 0 0 0 RICHARD GANNON 371095 0 5500 0 9475 0 36837 0 31972 0 454879 0 0 0 RAHUL BELANI 331586 0 4500 0 12782 0 32671 0 30419 0 411958 0 0 0 KEVIN MCKEAN 310723 0 1500 0 11028 0 31284 0 35403 0 389938 0 0 0 EILEEN HERSHENOV 301053 0 3000 0 7673 0 30701 0 40390 0 382817 0 0 0 JAMIE DARNOW 276231 0 2000 0 8432 0 24500 0 33688 0 344851 0 0 0 LINDA TEPEDINO 258945 0 13000 0 2387 0 25381 0 30250 0 329963 0 0 0 MICHAEL D'ALESSANDRO 264019 0 3500 0 7683 0 27006 0 32422 0 334630 0 0 0 LIAM MCCORMACK 283773 0 3500 0 1134 0 26011 0 30265 0 344683 0 0 0 CHRISTOPHER MEYER 255452 0 3500 0 4943 0 25008 0 31804 0 320707 0 0 0 JOHN SATEJA 424544 0 3000 0 292934 0 41000 0 10677 0 772155 0 0 0 JEROLD STEINBRINK 258313 0 2000 0 36376 0 26206 0 25272 0 348167 0 0 0 DON MAYS 168392 0 0 163085 0 49089 0 34385 0 414951 0 0 0 SEVERANCE PAYMENTS AND UNQUALIFIED PLAN BENEFITS SEVERANCE PAYMENTS - JOHN SATEJA - $289,322 DON MAYS - $155,500 PARTICIPATION IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN - DEFERRED COMPENSATION JAMES GUEST - $21,932 JOHN SATEJA - $16,500 RICHARD GANNON - $12,338 RAHUL BELANI - $8,170 EILEEN HERSHENOV - $6,201 KEVIN MCKEAN - $6,784 JEROLD STEINBRINK - $6,418 MICHAEL D'ALESSANDRO - $2,506 CHRISTOPHER MEYER - $509 LINDA TEPEDINO - $881 LIAM MCCORMACK - $1,511 PART I, LINE 7 Sched. J Column B (ii) Bonus & Incentive Compensation Contractual Discretionary Bonus (Merit) Guest, James $104,750 $104,750 $0 President & CEO Sateja, John $3,000 $3,000 Executive VP Gannon, Richard $5,500 $5,500 VP, CFO Bunin. Laurence $67,500 $67,500 $0 COO Steinbrink, Jerold $2,000 $2,000 VP, Publishing McCormack, Liam $3,500 $3,500 VP, Technical Officer D'Alessandro, Michael $3,500 $3,500 VP, Executive Operation & Chief of Staff Tepedino, Linda $13,000 $10,000 $3,000 VP, Human Resources Meyer, Christopher $3,500 $3,500 VP, External Affairs Belani, Rahul $4,500 $4,500 VP, Chief Information Officer McKean, Kevin $1,500 $1,500 VP, Editorial Director Hershenov, Eileen $3,000 $3,000 VP, General Counsel Darnow, Jamie $2,000 $2,000 Sr. Director & Chief Marketing Officer CITY OF YONKERS INDUSTRIAL DEVELOPMENT AGENCY 131776434 986083BN2 2005-12-22 473000000 MULTI-MODAL CIVIC FACILITY REV false false false 0 0 47449398 0 0 0 2254188 0 0 10000000 0 0 2006 true false true true false false false false 0.00000 0.00000 0.00000 true false true true MORGAN STANLEY 30.5 false false false 0 false false X 7 76400 FAIR MARKET VALUE 0 false true false STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4 Consumers Information: Consumers Union of US Inc. 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 5/31/12 include Consumer Reports 3,970,115; Consumer Reports on Health 826,840; CR Online 3,293,417; Consumer Reports Money Adviser 181,101; Auto Premium 113,096; Shop Smart 282,632 and Consumer Reports Mobile 21,840. Consumers Union of US Inc. does not accept outside advertising in any of its publications. In addition, Consumers Union of US Inc. disseminates consumer information through other print, radio, television, electronic publishing and interactive media. Product Information: Consumers Union of US Inc. conducts independent and consumer 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 evaluate how the products perform and advise consumers on the extent to which they are convenient, safe, and economical. During the fiscal year ended 5/31/12, Consumers Union of US Inc. conducted tests on more than 3800 samples of various consumer products, making use of 50 laboratories and its auto track. The information gathered as result of these tests is disseminated to the general public as described above. Education Programs: Consumers Union is transitioning toward a more focused effort to educate consumers in the critical areas of health and safety. New initiatives include programs intended to provide better comparative health and evidenced based medicine information as well as programs designed to alert consumers to the risks associated with dangerous products. In addition, Consumers Union provides substantial free consumer education information as a public service through our educational web sites and through an expanding use of social networking sites and blogs. Consumers Union educational websites include: the Consumers Union Advocacy Web Site (consumersunion.org), Consumer Reports Best Buy Drugs (crbestbuydrugs.org), Spanish language consumer education materials, at (consumersunion.org/espanol) (http://espanol.consumerreports.org/cuespanol) Consumer Reports Greener Choices (greenerchoices.org), and Eco-Labels, an online guide to environmental labels (eco-labels.org). Specific accomplishments include: . Health Information o Consumers Union's Health Ratings Center (http://www.consumerreports.org/health/home.htm) continues to expand its ratings of hospitals, doctors, health insurance, drugs and treatments to provide the best comparative data on health care. The Center partnered with the Society for Thoracic Surgeons to release clinical quality measures and is exploring further opportunities to partner with regional health improvement collaborative to develop and disseminate data with the intent of providing consumers important information and using the measures to improve the quality of care. The Ratings Center has recently partnered with the ABIM Foundation in a campaign called Choosing Wisely to educate physicians and consumers about tests and treatments that are commonly overused. o Best Buy Drugs (BBD) Consumer Reports recently published several updated Best Buy Drugs reports, including one on drugs to treat Diabetes; another on Antiplatelets to help avoid heart attack, and strokes, and one on using anticonvulsant medication to treat fibromyalgia, in addition to articles on drug safety and "off-label" use. BBD is developing new partnerships in an effort to reach a wider range of consumer audiences - for example, via partnerships with community pharmacists, and another with large-scale retail stores. Many reports are translated into Spanish. o Consumers Union Affordable Health Care Act Guide Consumers Union's health reform team has played a unique role in educating consumers regarding what they need to know about the new health law, the Affordable Care Act. Since the law's passage we have produced four separate guides to the changes made by the law, explaining them in a consumer-friendly, easy-to-understand manner. To date we've distributed over 1.25 million hard copies of the various publications and shared the information online. http://yourhealthsecurity.org/the_new_law. The guides are also available in Spanish. . Safety . The National School Safety Coalition The Consumer Reports National School Safety Coalition is a partnership among educators, nonprofits, government agencies, and caregivers who have come together to share information and foster collaboration to improve children's health and safety. The National School Safety Coalition's mission is to share accessible and easy-to-understand information about existing and emerging hazards involving school-age children and through information-sharing and other activities, to help minimize these risks. It seeks to foster collaboration among members and to advance improvements in children's health and safety on shared goals. o Safe Marketplace Program Disseminates important safety information via high-tech video at point-of-sale -- in-store videos, kiosks, websites Retailer locations currently include: Wal-Mart, Costco, Sam's Club, BJ's, Albertson's, Shaw's, Shoprite, ACME, Pathmark, Fresh Market, Jewel-Osco, WMT Checkout Retailer (and we are working to include additional retailer locations), and the following quick-serve restaurants - Arby's, Carl's Jr., Denny's, Hardees, KFC, McDonalds, Taco Bell, and Wendy's. CONSOLIDATED FINANCIAL STATEMENTS PART IV, LINE 12 CONSUMERS UNION OF UNITED STATES, INC. 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 CONSUMERS UNION OF UNITED STATES, INC., A CONSOLIDATED AUDITED FINANCIAL STATEMENT WAS ISSUED FOR THE FISCAL YEAR ENDED MAY 31, 2012, WHICH WAS PREPARED IN ACCORDANCE WITH GAAP. 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 KPMG with co-ordination with CU finance management, 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 CONSUMERS UNION'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 CU'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 CU'S STRATEGIC AND OPERATING GOALS AND IS REASONABLY COMPETITIVE TO WHAT IS OFFERED BY COMPARABLE ORGANIZATIONS. CU 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, CU: - 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 CU; - 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 CU'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 CU'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 BASIS 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 CONSUMERS UNION'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. WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY FORM 990, PART VI, SECTION B, LINE 14 THE BOARD APPROVED A RECORD MANAGEMENT POLICY IN OCTOBER 2011; THERE IS CU RETENTION SCHEDULE IN PLACE. THE SCHEDULE IS BEING UPDATED FOR CURRENCY AND TO APPLY TO PAPER AND ELECTRONIC RECORDS. CU ALSO COMPLETED A RECORDS AND INFORMATION GAP ASSESSMENT, PROGRAM, GOVERNANCE CHARTER AND RECORDS INFORMATION MANAGEMENT STRATEGIC ASSESSMENT. MEMBERS, STOCKHOLDERS FORM 990, PART VI, LINE 7A CONUSMER REPORTS IS A NEW YORK STATE NOT-FOR-PROFIT MEMBERSHIP CORPORATION. THE MEMBERS ARE ANY INDIVIDUAL WITH A PAID ANNUAL SUBSCRIPTION TO CONSUMER REPORTS 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 CU, THE BALLOT TRANSMITTED IN INCOMMECTINO WITH THE ANNUAL ELECTION OF DIRECTORS. POWERS OF MEMBERS: 1. MEMBERS CAN ELECT THE BOARD OF DIRECTORS; 2. THE ANNUAL REPORT OF CONSUMERS 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. OTHER CHANGES IN NET ASSETS OR FUND BALANCE PART XI, LINE 5 NET UNREALIZED LOSSES ON INVESTMENTS (19,149,356) UNREALIZED LOSS INTEREST RATE SWAP (4,248,257) PENSION RELATED CHANGES (13,503,970) CHANGE IN VALUE SPLIT INTEREST AGREEMENT 40,220 ROUNDING 986 ------------ NET ASSETS OR FUND BALANCES AT END OF YEAR (36,860,377) ============ Consumers Media LLC 101 Truman Ave Yonkers NY 10703 263886493 EDUCATION DE 1328 18235 CU CONSUMERS UNION ACTION FUND 101 TRUMAN AVENUE YONKERS NY 10703 204780406 LOBBYING DE 501(C)(4) N/A CU true THE TRUMAN AVENUE FOUNDATION INC 101 TRUMAN AVENUE YONKERS NY 10703 205665599 R/E HOLDING DE 501(C)(3) 11 - I CU true Fisher charitable Remainder Unitrust 101 Truman Avenue Yonkers NY 107031057 450604799 Annuity NY NA T 276397 1.00000 Ross Charitable Remainder Unitrust 101 Truman Avenue Yonkers NY 107031057 746552533 Annuity NY NA T 530327 0.75000 Kellogg Charitable Remainder Unitrust 101 Truman Avenue Yonkers NY 107031057 207549083 Annuity NY NA T 543064 1.00000 Wantanabe Charitable remainder Unitrust 101 Truman Avenue Yonkers NY 107031057 266913662 Annuity NY NA T 124209 1.00000 Stern Charitable Remainder Unitrust 101 Truman Avenue Yonkers NY 107031057 450604799 Annuity NY NA T 112834 1.00000 false false false false false false false false false false false false true true false false false false