2012-03-07T09:33:38-06:00 2011-05-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2010-06-01 131776434 Consumers Union of United States Inc CONS 9143782000 101 TRUMAN AVENUE YONKERS NY 107031057 RICHARD GANNON 9143782000 2012-03-06 true KPMG LLP 2127589700 2010 2016-02-24 21:20:13Z JAMES A GUEST 101 TRUMAN AVENUE YONKERS NY 107031057 1002999571 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 17 734 17 1410388 465115 17433629 20068201 220965783 229420821 6105441 2227102 70043 2440166 244574896 254156290 866098 465865 0 0 84910015 90384979 154449 156415 9897161 157732303 166651788 243662865 257659047 912031 -3502757 319141134 361611492 251660099 261525082 67481035 100086410 X TO WORK FOR A FAIR, JUST, AND SAFE MARKETPLACE FOR ALL CONSUMERS AND TO EMPOWER CONSUMERS TO PROTECT THEMSELVES. 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36108132 32605375 289943210 32519030 86830 32605860 257337350 408036 -3589096 -3181060 254156290 257328712 77701 77701 257251011 408036 408036 257659047 RECONCILIATION OF CHANGE IN NET ASSETS SCHEDULE D, PART XI, LINE 8 UNREALIZED LOSS INTEREST RATE SWAP .................. (239,638) PENSION RELATED CHANGES ............................. 3,775,571 CHANGE RESTRICTED BEQUEST REVENUE ................... 47,482 CHANGE IN VALUE SPLIT INTEREST AGREEMENT ............ 5,679 ROUNDING ............................................ 8 ----------- TOTAL ............................................... 3,589,102 RECONCILIATION OF REVENUE SCHEDULE D, PART XII PART XII, LINE 2D REVENUE OF RELATED ENTITY - CONSUMERS UNION ACTION FUND, INC. ................$ 86,830 -------- TOTAL ............................................$ 86,830 ======== PART XII, LINE 4B - OTHER UNREALIZED LOSS ON INTEREST RATE SWAP ..............$ 239,638 PENSION RELATED CHANGES ............................$ (3,775,571) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS .......$ (5,679) CHANGE - CONTRIBUTION OF REVENUE - BEQUEST .........$ (47,482) ROUNDING ...........................................$ (2) ----------- TOTAL ..............................................$ (3,589,096) =========== RECONCILIATION OF EXPENSES SCHEDULE D, PART XIII, LINE 2D EXPENSES OF RELATED ENTITY - CONSUMERS UNION ACTION FUND, INC. ..................$ 77,175 EXPENSES OF RELATED ENTITY - TRUMAN AVENUE FOUNDATION, INC. .....................$ 534 ROUNDING ...........................................$ (8) -------- TOTAL ..............................................$ 77,701 ======== true Europe (Including Iceland and Greenland) Grantmaking 88883 Europe (Including Iceland and Greenland) Program Services PUBLICATION INFO. 1367547 North America Program Services PUBLICATION INFO. 1427723 2884153 2884153 Europe/Iceland/Greenland GENERAL SUPPORT 88883 WIRE 0 ACCRUAL 1 0 false false false false false false MONITORING GRANT FUNDS SCHEDULE F, PART 1, LINE 2 GRANTEES ARE REQUIRED TO SUBMIT INTERIM FINANCIAL REPORTS AS WELL AS FINAL ACCOUNTING OF ALL GRANT RELATED EXPENDITURES, DELIVERABLES AND 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 CORPORATE OFFICE 6715 SUNSET BOULEVARD LOS ANGELES CA 90028 TELE MARKETING false 320746 156415 164331 320746 156415 164331 AL AK AZ 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 CALIFORNIA PAN-ETHNIC HEALTH NETWORK 1221 PRESERVATION PARK WAY SUITE 2 OAKLAN CA 94612 520880625 501(C)(3) 101676 HEALTH CARE COMMUNITY CATALYST 30 WINTER STREET 10TH FLOOR BOSTON MA 02108 042790740 501(C)(3) 87316 PROMOTE RESPONSIBLE PHILANTHROPY THROUGH COMMUNITY AND LOCAL ROUNDTABLE MEETING AT ANNUAL CONSUMER ASSEMBLY CONFERENCE. CONSUMER FEDERATION OF AMERICA 1424 16th STREET NW SUITE 604 WASHINGTON DC 20036 161774332 501(C)(3) 65000 STATE & LOCAL GRANT SUPPORT CONSUMER FEDERATION OF AMERICA 1424 16TH STREET NW SUITE 604 SUITE 650 WASHINGTON DC 20036 870684606 501(C)(3) 25000 STATE&LOCAL ROUNDTABLE MEETING HEALTH ACCESS 414 13TH STREET SUITE 450 OAKLAN CA 94612 131945149 501(C)(3) 61990 COALITION ON HEALTH CARE REFORM. SMALL BUSINESS MAJORITY FOUNDATION 4000 BRIDGWAY SUITE 10 SAUSALITO CA 94965 042488502 501(C)(3) 10000 HEALTH CARE REFORM 11 1 CRITERIA FOR SELECTING PROJECTS FOR FUNDING SCHEDULE I, PART I, LINE 2 THE CRITERIA FOR SELECTING PROJECTS FOR FUNDING THROUGH THE COLSTON E. WARNE SMALL GRANTS PROGRAM INCLUDE THE FOLLOWING: 1. 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. 2. 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. 3. 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. 4. 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. 5. WE ARE ESPECIALLY INTERESTED IN PROJECTS THAT PROVIDE DIRECT BENEFITS TO LOW-INCOME AND MINORITY CONSUMERS. 6. WHERE POSSIBLE, PROJECTS SHOULD OBTAIN MATCHING FUNDS AND/OR LEVERAGE IN-KIND RESOURCES FROM OTHER SOURCES. 7. 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. 8. 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] X X X X X true true false false false false false true false JAMES A GUEST 467156 0 0 0 13364 0 21857 0 28795 0 531172 0 0 0 RICHARD GANNON 360221 0 0 0 7908 0 36804 0 26095 0 431028 0 0 0 JOHN SATEJA 413432 0 0 0 2398 0 41099 0 9135 0 466064 0 0 0 MICHAEL D'ALESSANDRO 255628 0 0 0 6018 0 26223 0 27527 0 315396 0 0 0 LIAM MCCORMACK 257425 0 0 0 3488 0 25275 0 24795 0 310983 0 0 0 CHRISTOPHER MEYER 246222 0 0 0 7124 0 24895 0 26295 0 304536 0 0 0 LINDA TEPEDINO 252264 0 10000 0 1089 0 24500 0 24795 0 312648 0 0 0 RAHUL BELANI 321457 0 0 0 12473 0 32631 0 24795 0 391356 0 0 0 KEVIN MCKEAN 303120 0 0 0 9280 0 31330 0 29795 0 373525 0 0 0 EILEEN HERSHENOV 292516 0 0 0 1089 0 30700 0 34795 0 359100 0 0 0 JAMIE DARNOW 272563 0 9196 0 7525 0 24500 0 25333 0 339117 0 0 0 JEROLD STEINBRINK 312727 0 0 0 2036 0 28144 0 24795 0 367702 0 0 0 HILLARY MARTIN 132189 0 0 0 158030 0 16254 0 24493 0 330966 0 0 0 SEVERANCE PAYMENTS AND UNQUALIFIED PLAN BENEFITS SEVERANCE PAYMENTS: HILLARY MARTIN - $84,881 PARTICIPATION IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (DEFERRED COMPENSATION): JAMES GUEST - $19,453 JOHN SATEJA - $16,599 RICHARD GANNON - $12,304 RAHUL BELANI - $8,131 EILEEN HERSHENOV - $6,200 KEVIN MCKEAN - $6,830 JEROLD STEINBRINK - $6,483 MICHAEL D'ALESSANDRO - $1,723 CHRISTOPHER MEYER - $427 LIAM MCCORMACK - $775 PART I, LINE 7 A BONUS OF $9,196 WAS PAID BASED ON PERFORMANCE TO THE SR. DIRECTOR AND CHIEF MARKETING OFFICER. CITY OF YONKERS INDUSTRIAL DEVEL AGENCY 131776434 986083BN2 2005-12-22 47300000 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 false 0.00000 0.00000 0.00000 true false true true MORGAN STANLEY 30.5 false false false false false false X 10 673309 FAIR MARKET VALUE X 1 118500 FAIR MARKET VALUE 1 false true true SCHEDULE M, PART I, COLUMN B THE AMOUNTS REPORTED IN PART I, COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. USE OF THIRD PARTIES SCHEDULE M, LINE 32B CONSUMERS UNION UTILIZES A BROKER TO SELL PUBLIC SECURITIES OBTAINED THROUGH NON-CASH CONTRIBUTIONS. CU ALSO USES REAL ESTATE AGENTS TO ASSIST IN THE SALE OF ANY REAL PROPERTY DONATED. 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 5/31/11 INCLUDE CONSUMER REPORTS 3,810,347; CONSUMER REPORTS ON HEALTH 648,220; CR ONLINE 3,311,498; CONSUMER REPORTS MONEY ADVISER 211,914; AUTO PREMIUM 77,266; SHOP SMART 209,799 AND CONSUMER REPORTS MEDICAL GUIDE 155,484. 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 5/31/11, CONSUMERS UNION OF US INC. CONDUCTED TESTS ON MORE THAN 3,500 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 EDUCATIONAL 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 ACCOMPLISHMENT INCLUDE: A)HEALTH INFORMATION - CONSUMERS UNION'S HEALTH RATING CENTER (HTTP://WWW.CONSUMERREPORTS.ORG/HEALTH/HOME.HTM) CONTINUES TO EXPAND ITS RATINGS OF HOSPITAL AND TREATMENTS TO PROVIDE THE BEST COMPARATIVE DATA ON HEALTHCARE. THE CENTER PARTNERED WITH THE SOCIETY FOR THORACIC SURGEONS TO RELEASE CLINICAL QUALITY MEASURES AND IS EXPLORING FURTHER OPPORTUNITIES TO PARTNER WITH OUTSIDE ORGANIZATIONS TO DEVELOP AND DISSEMINATE DATA WITH THE INTENT OF PROVIDING CONSUMERS IMPORTANT INFORMATION AND USING THE MEASURES TO IMPROVE THE QUALITY OF CARE. - BEST BUY DRUGS (BBD) CONSUMERS UNION 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 EXAMPLES, VIA PARTNERSHIPS WITH COMMUNITY PHARMACISTS, AND ANOTHER WITH LARGE-SCALE RETAIL STORES. B)SAFETY -THE SCHOOL SAFETY ALERT PROGRAM THE SCHOOL SAFETY ALERT PROGRAM ALERTS PARENTS, SCHOOL ADMINISTRATORS, AND EDUCATORS IMMEDIATELY TO IMMINENT DANGERS AND ALLOWS THEM TO REMOVE POTENTIALLY DANGEROUS, EVEN LETHAL PRODUCTS FROM THEIR HOMES AND SCHOOLS. CONSUMERS UNION HOSTS A LANDING PAGE (HTTP://BLOGS.CONSUMERREPORT.ORG/SAFETYALERTS/ABOUT.HTML) WITH DAILY RECALL UPDATES THAT SCHOOLS, PARENTS, TEACHERS AND CAREGIVERS CAN ALSO RECEIVE THROUGH MOBILE AND WEB ALERTS. TO FURTHER THE REACH OF THE SCHOOL SAFETY ALERT PROGRAM, CONSUMERS UNION, ALONG WITH THE NATIONAL PTA AND THE NATIONAL SCHOOL BOARDS ASSOCIATION, CONVENED A NUMBER OF ORGANIZATIONS REPRESENTING SCHOOL ADMINISTRATORS, EDUCATORS, HEALTH OFFICIALS AND SCHOOL-BASED VOLUNTEER ORGANIZATIONS TO FORM A NATIONAL SCHOOL SAFETY COALITION. - SAFE MARKETPLACE PROGRAM DISSEMINATES IMPORTANT SAFETY INFORMATION VIA HIGH-TECH VIDEO AT POINT-OF-SALE IN-STORE VIDEOS, KIOSKS, AND WEBSITES. RETAILER LOCATIONS CURRENTLY INCLUDE: WAL-MART, COSTCO, SAM'S CLUB, BJ'S, MEIJER, FRED MEYERS, FRY'S, ALBERTSON'S, SHAW'S, SHOPRITE, ACME, PATHMARK, JEWEL-OSCO (AND WE ARE WORKING TO INCLUDE ADDITIONAL RETAILER LOCATIONS). WEBSITE ONLY: TOYS "R" US. GRANT: CONSUMERS UNION MAKES GRANT TO OTHER NONPROFIT ORGANIZATIONS AND PROJECTS THAT CONDUCT ACTIVITIES THAT ARE SIMILAR AND RELATED TO CONSUMERS UNION'S PURPOSES. DURING THE FISCAL YEAR ENDED 05/31/11, CONSUMERS UNION MADE 14 SUCH GRANTS. 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, 2011, WHICH WAS PREPARED IN ACCORDANCE WITH GAAP. FORM 990 REVIEW PROCESS, PART VI, LINE 11A 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 IN COORDINATION WITH CU FINANCE MANAGEMENT, IT IS REVIEWED BY THE CONTROLLER AND CFO BEFORE IT IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. A COPY OF THE FORM 990 IS 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. FORM 990, PART VI, SECTION B LINE 14 - WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY AT ALL TIMES DURING THE TAX YEAR IN QUESTION, THE ORGANIZATION HAD A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. THIS QUESTION WAS ANSWERED IN THE NEGATIVE SOLELY BECAUSE CONSUMERS UNION WAS NOT CERTAIN THAT ITS POLICY HAD BEEN APPROVED BY ITS BOARD OF DIRECTORS PRIOR TO IMPLEMENTATION. IN OCTOBER, 2011, SUBSEQUENT TO THE COMPLETION OF THE 2011 TAX YEAR BUT PRIOR TO THE FILING OF THIS RETURN, THE BOARD APPROVED A WRITTEN POLICY. 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. OTHER CHANGES IN NET ASSETS OR FUND BALANCE FORM 990, PART XI, LINE 5 UNREALIZED GAINS ON INVESTMENTS ..................... 32,519,030 UNREALIZED LOSS INTEREST RATE SWAP .................. (239,638) PENSION RELATED CHANGES ............................. 3,775,571 CHANGE RESTRICTED BEQUEST REVENUE ................... 47,482 CHANGE IN VALUE SPLIT INTEREST AGREEMENT ............ 5,679 ROUNDING ............................................ 8 ------------ TOTAL 36,108,132 ============ 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. MEMBERS, STOCKHOLDERS PART VI, LINE 7A CONSUMERS 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 CONNECTION 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. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:NORMAN I SILBER TITLE:DIRECTOR HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JAMES A GUEST TITLE:PRESIDENT AND CEO HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:RICHARD GANNON TITLE:VP AND CFO HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:CHRISTOPHER MEYER TITLE:VP EXTERNAL AFFAIRS HOURS:1 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:EILEEN HERSHENOV TITLE:VP GENERAL COUNSEL HOURS:1 Consumer Media LLC 101 Truman Ave Yonkers NY 10703 263886493 EDUCATION DE 816 19495 NA CONSUMERS UNION ACTION FUND 101 TRUMAN AVENUE YONKERS NY 10703 204780406 LOBBYING DE 501(C)(4) N/A NA THE TRUMAN AVENUE FOUNDATION INC 101 TRUMAN AVENUE YONKERS NY 10703 205665599 R/E HOLDING DE 501(C)(3) 11 - I NA FISHER CHARITABLE REMAINDER UNITRUST 101 TRUMAN AVENUE YONKERS NY 107031057 450604799 ANNUITY NY NA T 302755 1.00000 ROSS CHARITABLE REMAINDER UNITRUST 101 TRUMAN AVENUE YONKERS NY 107031057 746552533 ANNUITY NY NA T 594161 0.75000 KELLOG CHARITABLE REMAINDER UNITRUST 101 TRUMAN AVENUE YONKERS NY 107031057 207549083 ANNUITY NY NA T 591328 1.00000 WANTANABE CHARITABLE REMAINDER UNITRUST 101 TRUMAN AVENUE YONKERS NY 107031057 266913662 ANNUITY NY NA T 128901 1.00000 STERN CHARITABLE REMAINDER UNITRUST 101 TRUMAN AVENUE YONKERS NY 107031057 450604799 ANNUITY NY NA T 106500 1.00000 false false false false false false false false false false false false true true false false false false