FURP.ORG / PUBLIC DATA EXPLORER

CONSUMER REPORTS INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
CONSUMER REPORTS INC (EIN 13-1776434)
Tax period
2021-06-01 to 2022-05-31
Filed
2023-03-23
IRS object ID
202310829349301201
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-03-23T09:51:00-05:00ReturnTs
Tax Period End2022-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135565207PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11305 WALT WHITMAN ROADAddressLine1Txt
CityMELVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11747ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN131776434EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CONSUMER REPORTS INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCONSBusinessNameControlTxt
Phone9143782000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1101 TRUMAN AVENUEAddressLine1Txt
CityYONKERSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP107031044ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonERIC WAYNEPersonNm
Person TitleSR. VP AND CFOPersonTitleTxt
Phone9143782000PhoneNum
Signature2023-03-22SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstERICPersonFirstNm
Person LastWAYNEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonFELICIA R TUCKERPreparerPersonNm
PTINP00505155PTIN
Phone6314256000PhoneNum
Preparation2023-03-23PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARTA L TELLADOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1101 TRUMAN AVENUEAddressLine1Txt
CityYONKERSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP107031044ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$388,937,468GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CONSUMERREPORTS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1936FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionWE ARE AN INDEPENDENT, NONPROFIT ORGANIZATION THAT WORKS SIDE BY SIDE WITH CONSUMERS. SEE SCHEDULE O.WE ARE AN INDEPENDENT, NONPROFIT ORGANIZATION THAT WORKS SIDE BY SIDE WITH CONSUMERS FOR TRUTH, TRANSPARENCY, AND FAIRNESS IN THE MARKETPLACE.ActivityOrMissionDesc
Voting Members Governing Body18VotingMembersGoverningBodyCnt
Voting Members Independent17VotingMembersIndependentCnt
Total Employee664TotalEmployeeCnt
Total Volunteers20TotalVolunteersCnt
Total Gross UBI$11,854,398TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$3,417,919NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$36,061,646PYContributionsGrantsAmt
CY Contributions Grants$40,666,041CYContributionsGrantsAmt
PY Program Service Revenue$225,861,453PYProgramServiceRevenueAmt
CY Program Service Revenue$222,345,779CYProgramServiceRevenueAmt
PY Investment Income$12,748,098PYInvestmentIncomeAmt
CY Investment Income$24,879,484CYInvestmentIncomeAmt
PY Other Revenue$881,364PYOtherRevenueAmt
CY Other Revenue$874,399CYOtherRevenueAmt
PY Total Revenue$275,552,561PYTotalRevenueAmt
CY Total Revenue$288,765,703CYTotalRevenueAmt
PY Grants And Similar Paid$145,100PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$255,250CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$99,383,462PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$105,418,695CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$189,046PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$180,732CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$12,051,691CYTotalFundraisingExpenseAmt
PY Other Expenses$139,354,640PYOtherExpensesAmt
CY Other Expenses$144,615,764CYOtherExpensesAmt
PY Total Expenses$239,072,248PYTotalExpensesAmt
CY Total Expenses$250,470,441CYTotalExpensesAmt
PY Revenues Less Expenses$36,480,313PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$38,295,262CYRevenuesLessExpensesAmt
Total Assets BOY$503,278,353TotalAssetsBOYAmt
Total Assets EOY$489,278,180TotalAssetsEOYAmt
Total Liabilities BOY$214,157,470TotalLiabilitiesBOYAmt
Total Liabilities EOY$198,795,994TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$289,120,883NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$290,482,186NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionWE ARE AN INDEPENDENT, NONPROFIT ORGANIZATION THAT WORKS SIDE BY SIDE WITH CONSUMERS FOR TRUTH, TRANSPARENCY, AND FAIRNESS IN THE MARKETPLACE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$199,760,506ExpenseAmt
Revenue$222,345,779RevenueAmt
DescCONSUMER INFORMATION, PRODUCT INFORMATION. SEE SCHEDULE O FORADDITIONAL INFORMATION.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$16,188,827ExpenseAmt
Grant$255,250GrantAmt
DescEDUCATION PROGRAMS, HEALTH INFORMATION AND SAFETY. SEESCHEDULE O FOR ADDITIONAL INFORMATION.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$215,949,333TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document192IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee664EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryCAForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members18GoverningBodyVotingMembersCnt
Independent Voting Member17IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldALStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldARStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldHIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNMStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldRIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldUTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldVAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWVStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MR MICHAEL MARTIN CPABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9143782000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1101 TRUMAN AVENUEAddressLine1Txt
CityYONKERSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP107031044ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (33 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
MARTA L TELLADO
PRESIDENT & CEO45.000.00Yes (X)Yes (X)$819,666$0$31,964
JOAQUIN ALVARADO
CHAIR2.000.00Yes (X)$0$0$0
NIKITRA BAILEY
DIRECTOR AS OF 10/20/212.000.00Yes (X)$0$0$0
MILLIE CHU BAIRD
DIRECTOR AS OF 10/20/212.000.00Yes (X)$0$0$0
DEBORAH A COWAN
TREASURER2.000.00Yes (X)$0$0$0
KATHLEEN ENGEL
DIRECTOR2.000.00Yes (X)$0$0$0
STEPHEN P HOOVER
DIRECTOR2.000.00Yes (X)$0$0$0
JOANNE HOVIS
DIRECTOR2.000.00Yes (X)$0$0$0
JAMESON KELLEHER
DIRECTOR2.000.00Yes (X)$0$0$0
ANNETTE LOVOI
DIRECTOR2.000.00Yes (X)$0$0$0
WILLIE E MAY
DIRECTOR2.000.00Yes (X)$0$0$0
EDMUND MIERZWINSKI
DIRECTOR THRU 10/20/212.000.00Yes (X)$0$0$0
RUSSELL G NOLES
DIRECTOR2.000.00Yes (X)$0$0$0
WILLARD P OGBURN
SECRETARY THRU 2/4/222.000.00Yes (X)$0$0$0
BETSY D SCOLNIK
DIRECTOR2.000.00Yes (X)$0$0$0
MICAH L SIFRY
DIRECTOR2.000.00Yes (X)$0$0$0
CALVIN SIMS
DIRECTOR2.000.00Yes (X)$0$0$0
TAREN STINEBRICKNER-KAUFFMAN
DIRECTOR2.000.00Yes (X)$0$0$0
ELLEN TAUS
DIRECTOR2.000.00Yes (X)$0$0$0
ASTRID VERMEER
DIRECTOR2.000.00Yes (X)$0$0$0
LEONORA WIENER
SR. VP & COO45.000.00Yes (X)$532,620$0$42,186
ERIC WAYNE
SR. VP & CFO45.000.00Yes (X)$444,196$0$70,860
MICHAEL HUBNER
VP, GENERAL COUNSEL45.000.00$446,814$0$30,206Yes (X)
JASON FOX
VP, CHIEF DIGITAL OFFICER45.000.00$433,784$0$68,010Yes (X)
LIAM MCCORMACK
VP, RESEARCH, TESTING & INSIGHTS45.000.00$418,351$0$57,480Yes (X)
LAUREN STANICH
VP, CHIEF MARKETING OFFICER45.000.00$406,920$0$66,327Yes (X)
SHAR TAYLOR
VP, CHIEF SOCIAL IMPACT OFFICER45.000.00$354,802$0$41,136Yes (X)
RAFAEL PEREZ
VP, CHIEF DIVERSITY OFFICER45.000.00$318,021$0$62,700Yes (X)
GWENDOLYN BOUNDS
VP, CHIEF CONTENT OFFICER45.000.00$445,630$0$31,779Yes (X)
ESTHER HAN
VP, NEW PRODUCTS & SERVICES45.000.00$373,731$0$57,011Yes (X)
PETER DIRENZO
CHIEF TECHNOLOGY OFFICER45.000.00$321,444$0$67,881Yes (X)
HEATH GRAYSON
CHIEF PRIVACY OFFICER & DEPUTY GC45.000.00$318,669$0$64,420Yes (X)
CORINNE OSBORN
SR DIR LABOR & EMPL RELS45.000.00$303,033$0$66,103Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$5,937,681TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$758,063TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K376IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
GOOGLE INC
1600 AMPHITHEATRE PARKWAYMOUNTAIN VIEWCA94043SEARCH ENGINE MARKETING$12,277,141
QUAD GRAPHICS
N61 W23044 HARRYS WAYSUSSEXWI53089PRINTING$5,374,412
DIAMOND COMMUNICATIONS
1209 31ST AVENUECOUNCIL BLUFFSIA51501FULFILLMENT SERVICES$5,148,649
TELERX MARKETING INC
723 DRESHER RDHORSHAMPA19044MARKETING$4,684,925
MODCO MEDIA
102 MADISON AVE FL 10NEW YORKNY100167540BRANDING$3,179,055
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K85CntrctRcvdGreaterThan100KCnt
Government Grants$237,185GovernmentGrantsAmt
All Other Contributions$40,428,856AllOtherContributionsAmt
Noncash Contributions$92,283NoncashContributionsAmt
Total Contributions$40,666,041TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
ONLINE SUBSCRIP. SALES519130$127,882,114$116,027,716$11,854,398
SUBSCRIP., NEWSSTAND511120$90,569,500$90,569,500
DATA INTELLIGENCE519190$3,567,305$3,567,305
TESTING REVENUE541380$326,860$326,860
FieldValueIRS element (for citing)
Total Program Service Revenue$222,345,779TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,704,192TotalRevenueColumnAmt
Exclusion$1,704,192ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$876,166TotalRevenueColumnAmt
Exclusion$876,166ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$94,876RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$96,643RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$1,767RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$1,767TotalRevenueColumnAmt
Exclusion-$1,767ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$123,250,414SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$100,075,122SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$23,175,292SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$23,175,292TotalRevenueColumnAmt
Exclusion$23,175,292ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$288,765,703TotalRevenueColumnAmt
Related Or Exempt Func Income$210,491,381RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$11,854,398UnrelatedBusinessRevenueAmt
Exclusion$25,753,883ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$255,250TotalAmt
Program Services$255,250ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$4,312,890TotalAmt
Program Services$1,896,614ProgramServicesAmt
Management And General$2,040,893ManagementAndGeneralAmt
Fundraising$375,383FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$77,049,396TotalAmt
Program Services$66,119,456ProgramServicesAmt
Management And General$8,981,196ManagementAndGeneralAmt
Fundraising$1,948,744FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$7,204,308TotalAmt
Program Services$6,297,573ProgramServicesAmt
Management And General$745,002ManagementAndGeneralAmt
Fundraising$161,733FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$11,087,909TotalAmt
Program Services$9,587,367ProgramServicesAmt
Management And General$1,230,641ManagementAndGeneralAmt
Fundraising$269,901FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$5,764,192TotalAmt
Program Services$4,946,505ProgramServicesAmt
Management And General$671,898ManagementAndGeneralAmt
Fundraising$145,789FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$502,579TotalAmt
Management And General$484,603ManagementAndGeneralAmt
Fundraising$17,976FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$629,225TotalAmt
Management And General$629,225ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$180,732TotalAmt
Fundraising$180,732FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$450,560TotalAmt
Management And General$450,560ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$10,719,496TotalAmt
Program Services$9,171,642ProgramServicesAmt
Management And General$1,533,143ManagementAndGeneralAmt
Fundraising$14,711FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$33,268,473TotalAmt
Program Services$32,545,732ProgramServicesAmt
Management And General$196,176ManagementAndGeneralAmt
Fundraising$526,565FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$789,600TotalAmt
Program Services$658,963ProgramServicesAmt
Management And General$124,694ManagementAndGeneralAmt
Fundraising$5,943FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$6,761,026TotalAmt
Program Services$5,566,734ProgramServicesAmt
Management And General$1,172,252ManagementAndGeneralAmt
Fundraising$22,040FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,731,088TotalAmt
Program Services$2,333,010ProgramServicesAmt
Management And General$380,997ManagementAndGeneralAmt
Fundraising$17,081FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$196,440TotalAmt
Program Services$176,803ProgramServicesAmt
Management And General$9,812ManagementAndGeneralAmt
Fundraising$9,825FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$129,497TotalAmt
Program Services$102,601ProgramServicesAmt
Management And General$21,540ManagementAndGeneralAmt
Fundraising$5,356FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,072,276TotalAmt
Management And General$1,072,276ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$15,417,704TotalAmt
Program Services$14,894,609ProgramServicesAmt
Management And General$496,382ManagementAndGeneralAmt
Fundraising$26,713FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,314,775TotalAmt
Management And General$1,314,775ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
POSTAGE AND SHIPPING$28,368,104$24,377,242$3,258$3,987,604
PRINTING & PUBLICATION$14,987,583$12,530,646$2,456,937
ORDER PROCESSING$11,768,116$10,067,560$7,332$1,693,224
PRODUCT TESTING$3,432,762$3,432,762

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$12,076,460TotalAmt
Program Services$10,988,264ProgramServicesAmt
Management And General$902,762ManagementAndGeneralAmt
Fundraising$185,434FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$250,470,441TotalAmt
Program Services$215,949,333ProgramServicesAmt
Management And General$22,469,417ManagementAndGeneralAmt
Fundraising$12,051,691FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$863,098BOYAmt
EOY$793,304EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$52,751,890BOYAmt
EOY$43,323,936EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,094,250BOYAmt
EOY$1,148,509EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$7,590,147BOYAmt
EOY$6,167,781EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$2,487,724BOYAmt
EOY$3,212,129EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$7,246,658BOYAmt
EOY$8,336,966EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$240,375,119LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$185,875,655LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$57,362,658BOYAmt
EOY$54,499,464EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$364,539,274BOYAmt
EOY$364,659,799EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$8,342,654BOYAmt
EOY$7,136,292EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$503,278,353BOYAmt
EOY$489,278,180EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$26,390,816BOYAmt
EOY$25,312,924EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$113,292,584BOYAmt
EOY$109,661,018EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$33,858,000BOYAmt
EOY$32,275,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$40,616,070BOYAmt
EOY$31,547,052EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$214,157,470BOYAmt
EOY$198,795,994EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$280,429,820BOYAmt
EOY$278,803,465EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$8,691,063BOYAmt
EOY$11,678,721EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$289,120,883BOYAmt
EOY$290,482,186EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$503,278,353BOYAmt
EOY$489,278,180EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$38,295,262ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$42,193,389NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$5,259,430OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$28,653,917CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$35,065,192CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$31,958,978CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$36,061,646CurrentTaxYearMinus1YearAmt
Current Tax Year$40,666,041CurrentTaxYearAmt
Total$172,405,774TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$28,653,917CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$35,065,192CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$31,958,978CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$36,061,646CurrentTaxYearMinus1YearAmt
Current Tax Year$40,666,041CurrentTaxYearAmt
Total$172,405,774TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$8,008,303SubstantialContributorsTotAmt
Public Support Total170$164,397,471PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,080,905CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,575,454CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,426,959CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,100,633CurrentTaxYearMinus1YearAmt
Current Tax Year$2,675,234CurrentTaxYearAmt
Total$11,859,185TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,833,300CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,117,392CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,287,901CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,771,700CurrentTaxYearMinus1YearAmt
Current Tax Year$3,309,612CurrentTaxYearAmt
Total$15,319,905TotalAmt
FieldValueIRS element (for citing)
Total Support$199,584,864TotalSupportAmt
Gross Receipts Rltd Activities$1,032,273,292GrossReceiptsRltdActivitiesAmt
Public Support CY1700.82370PublicSupportCY170Pct
Public Support PY1700.84940PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 7FormAndLineReferenceDesc
ExplanationACCORDING TO THE BUSINESS MASTER FILE, CONSUMER REPORTS, INC. IS EXEMPT WITH THE IRS UNDER SECTION 509(A)(2). HOWEVER, TO SUPPORT THE USE OF SPECIAL 2% RULE FOR REPORTING CONTRIBUTIONS ON SCHEDULE B, THE ORGANIZATION HAS FILLED OUT PART II.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersYes (1)VolunteersInd
Paid Staff Or ManagementYes (1)PaidStaffOrManagementInd
Media AdvertisementsYes (1)MediaAdvertisementsInd
Media Advertisements$6,000MediaAdvertisementsAmt
Mailings MembersYes (1)MailingsMembersInd
Mailings Members$115,329MailingsMembersAmt
Publications Or BroadcastYes (1)PublicationsOrBroadcastInd
Publications Or Broadcast$164,421PublicationsOrBroadcastAmt
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (1)DirectContactLegislatorsInd
Direct Contact Legislators$179,702DirectContactLegislatorsAmt
Rallies DemonstrationsYes (1)RalliesDemonstrationsInd
Rallies Demonstrations$3,344RalliesDemonstrationsAmt
Other Activities0OtherActivitiesInd
Total Lobbying Expenditures$468,796TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationLINE 1A - VOLUNTEERS TESTIFY BEFORE CONGRESS AND STATE LEGISLATURES; SPEAK AT PRESS CONFERENCES REGARDING STATE AND FEDERAL LEGISLATION; LOBBY LEGISLATORS. LINE 1B - PAID STAFF OR MANAGEMENT: PLEASE SEE BELOW ACTIVITIES, AS STAFF AND MANAGEMENT ARE INCLUDED IN THOSE ACTIVITIES AND TOTALS. LINE 1C - MEDIA ADVERTISEMENTS: MEDIA SPACE PURCHASED IN PRINT AND RADIO AND SOCIAL MEDIA REGARDING STATE OR FEDERAL LEGISLATION. LINE 1D - MAILING TO MEMBERS, LEGISLATORS, OR THE PUBLIC: LETTERS AND EMAILS TO STATE OR FEDERAL LEGISLATORS AND STAFF REGARDING LEGISLATION; EMAIL ACTION ALERTS REGARDING STATE OR FEDERAL LEGISLATION TO OUR MEMBERS OR ACTIVISTS. LINE 1E - PUBLICATIONS, OR PUBLISHED OR BROADCAST STATEMENTS: LOBBYING MESSAGES REGARDING LEGISLATION THAT APPEAR IN CONSUMER REPORTS AND ITS OTHER PUBLICATIONS. LINE 1G - DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, GOVERNMENT OFFICIALS, OR LEGISLATIVE BODY: FACE-TO-FACE MEETINGS OR; TELEPHONE CALLS WITH STATE OR FEDERAL LEGISLATORS, INCLUDING TRAVEL TIME. LINE 1H - RALLIES, DEMONSTRATIONS, SEMINARS, CONVENTIONS, SPEECHES, LECTURES, OR ANY SIMILAR MEANS: SPEECHES; RALLIES; CONFERENCES WHERE CR STAFF SUPPORTS OR OPPOSES STATE OR FEDERAL LEGISLATION PUBLICLY.ExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$11,935,255OtherCostOrOtherBasisAmt
Book Value$11,935,255BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$72,171,739OtherCostOrOtherBasisAmt
Depreciation$52,168,896DepreciationAmt
Book Value$20,002,843BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$795,261OtherCostOrOtherBasisAmt
Depreciation$681,105DepreciationAmt
Book Value$114,156BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$27,661,000OtherCostOrOtherBasisAmt
Depreciation$24,595,621DepreciationAmt
Book Value$3,065,379BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$127,811,864OtherCostOrOtherBasisAmt
Depreciation$108,430,033DepreciationAmt
Book Value$19,381,831BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$54,499,464TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (8 entries)

DescDescAmtAmt
PENSION LIABILITY$11,175,086
CHARITABLE GIFT ANNUITY$8,528,415
457(B) LIABILITY$4,687,148
LIABILITY DERIVATIVE INSTRUMENT$2,742,024
ASC 712 LIABILITY$1,631,160
LIFETIME SUBSCRIBER LIABILITY$1,194,000
OTHER DEFERRED$890,219
OPERATING LEASE LIABILITY$699,000
FieldValueIRS element (for citing)
Total Liability$31,547,052TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$251,565,000TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$42,193,389NetUnrealizedGainsInvstAmt
Other Revenue$5,260,439OtherRevenueAmt
Revenue Not Reported-$36,932,950RevenueNotReportedAmt
Revenue Subtotal$288,497,950RevenueSubtotalAmt
Investment Expenses Not Incld$363,461InvestmentExpensesNotIncldAmt
Other Revenues Not Included-$95,708OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$267,753RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$288,765,703TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$250,204,000TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$250,204,000ExpensesSubtotalAmt
Investment Expenses Not Incld2$363,461InvestmentExpensesNotIncld2Amt
Other Expenses Not Included-$97,020OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$266,441ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$250,470,441TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:FIN 48 UNCERTAINTY IN TAXES UNDER THE PROVISIONS 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, 2022 AND 2021, PROVISIONS FOR INCOME TAXES WERE $1,181,000 AND $1,362,000, RESPECTIVELY. IN ACCORDANCE WITH ASC TOPIC 740, INCOME TAXES, CR EVALUATED ITS TAX POSITIONS 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, 2019, 2020 AND 2021 ARE SUBJECT TO EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES.
PART XI, LINE 2D - OTHER ADJUSTMENTS:PENSION RELATED CHARGES 3,267,740. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -306,244. UNREALIZED GAIN ON INTEREST RATE SWAP 2,298,943.
PART XI, LINE 4B - OTHER ADJUSTMENTS:RENTAL EXPENSES -96,643. OTHER ROUNDING 935.
PART XII, LINE 4B - OTHER ADJUSTMENTS:RENTAL EXPENSES -96,643. OTHER ROUNDING -377.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
EUROPE00PROGRAM SERVICESPUBLICATION INFO.$973,459
NORTH AMERICA00PROGRAM SERVICESPUBLICATION INFO.$1,066,284
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$2,039,743SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$2,039,743TotalSpentAmt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART III ACCOUNTING METHOD:
PART I, LINE 3, COLUMN (F)THE ACCRUAL METHOD OF ACCOUNTING WAS USED IN PART I, LINE 3, COLUMN (F).

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (7 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndGross ReceiptsGrossReceiptsAmtRetained By ContractorRetainedByContractorAmtNet To OrganizationNetToOrganizationAmt
GIFT STRATEGIES LLC
1539 FALL RIVER AVE SUITE 3SEEKONKMA02771PLANNED GIVING AND BEQUEST PROGRAM DEVELOPMENT AND LEADERSHI0$0$39,250-$39,250
FREEWILL CO
PO BOX 501051INDIANAPOLISIN46250PLANNED GIVING SOFTWARE SUBSCRIPTION0$0$37,125-$37,125
PARISE MARKETING GROUP INC
2487 ROUTE 55 SUITE EHOPEWELL JUNCTIONNY12533STRATEGIC AND CREATIVE CONSULTING ON DIRECT MAIL FUNDRAISING0$0$50,682-$50,682
EIDOLON COMMUNICATIONS
15 MAIDEN LN STE 1401NEW YORKNY100385113STRATEGIC AND CREATIVE CONSULTING ON DIRECT MAIL FUNDRAISING0$0$22,000-$22,000
TOM GAFFNY CONSULTING
71 CLIFF ROADWELLESLEYMA02481STRATEGIC AND CREATIVE CONSULTING ON DIRECT MAIL FUNDRAISING0$0$7,250-$7,250
NEAL P MYERBERG
179 SHORE ROADOLD GREENWICHCT06870PLANNED GIVING PROGRAM CONSULTANT0$0$7,350-$7,350
ADELE LINARDUCCI DESIGN
6 LAUREL HILL ROADRIDGEFIELDCT06877STRATEGIC AND CREATIVE CONSULTING ON DIRECT MAIL FUNDRAISING0$0$17,075-$17,075
FieldValueIRS element (for citing)
Total Retained By Contractors$180,732TotalRetainedByContractorsAmt
Total Net To Organization-$180,732TotalNetToOrganizationAmt
Licensed StatesALLicensedStatesCd
Licensed StatesAKLicensedStatesCd
Licensed StatesARLicensedStatesCd
Licensed StatesCALicensedStatesCd
Licensed StatesCOLicensedStatesCd
Licensed StatesCTLicensedStatesCd
Licensed StatesDCLicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesGALicensedStatesCd
Licensed StatesHILicensedStatesCd
Licensed StatesILLicensedStatesCd
Licensed StatesKSLicensedStatesCd
Licensed StatesKYLicensedStatesCd
Licensed StatesLALicensedStatesCd
Licensed StatesMELicensedStatesCd
Licensed StatesMDLicensedStatesCd
Licensed StatesMALicensedStatesCd
Licensed StatesMILicensedStatesCd
Licensed StatesMNLicensedStatesCd
Licensed StatesMSLicensedStatesCd
Licensed StatesMOLicensedStatesCd
Licensed StatesNVLicensedStatesCd
Licensed StatesNHLicensedStatesCd
Licensed StatesNJLicensedStatesCd
Licensed StatesNMLicensedStatesCd
Licensed StatesNYLicensedStatesCd
Licensed StatesNCLicensedStatesCd
Licensed StatesNDLicensedStatesCd
Licensed StatesOHLicensedStatesCd
Licensed StatesOKLicensedStatesCd
Licensed StatesORLicensedStatesCd
Licensed StatesPALicensedStatesCd
Licensed StatesRILicensedStatesCd
Licensed StatesSCLicensedStatesCd
Licensed StatesTNLicensedStatesCd
Licensed StatesUTLicensedStatesCd
Licensed StatesVALicensedStatesCd
Licensed StatesWALicensedStatesCd
Licensed StatesWVLicensedStatesCd
Licensed StatesWILicensedStatesCd

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
DUKE UNIVERSITY
324 BLACKWELL STDURHAMNC22701560532129501(C)(3)$80,000$0ARCHIVES PROJECT
THE NEW SCHOOL
66 WEST 12TH STREETNEW YORKNY10011133297197501(C)(3)$50,000$0PRIVACY INTITIVE RESEARCH
UNIVERSITY OF WASHINGTON
PAUL ALLEN CENTER ROOM 101 BOXSEATTLEWA98195916001537511(A)(2)(B)$50,000$0PRIVACY INTITIVE RESEARCH352350
NEW YORK UNIVERSITY
10 ASTOR PLACE ROOM 732-ANEW YORKNY10003135562308501(C)(3)$50,000$0PRIVACY INTITIVE RESEARCH
TECHNOLOGY ALLIANCE GROUP NW WASHINGTON
104 W MAGNOLIA ST 2513BELLINGHAMWA98225852170683501(C)(3)$6,000$0BROADBAND COMMUNITY SUPPORT
DELTA INTERFAITH
106 INGRAM STREETLAKE PROVIDENCELA71254843565409501(C)(3)$6,000$0BROADBAND COMMUNITY SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org5Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceCRITERIA FOR SELECTING PROJECTS FOR FUNDINGFormAndLineReferenceDesc
ExplanationTHE CRITERIA FOR SELECTING PROJECTS FOR FUNDING INCLUDES THE FOLLOWING: -THE PROJECTS ARE 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 ARE HIGH IMPACT PROJECTS THAT PROVIDE A SIGNIFICANT RETURN FOR THE AMOUNT OF MONEY INVESTED. THEY ARE RESULT-ORIENTED, AND HAVE TANGIBLE GOALS AND OBJECTIVES. -IF POSSIBLE, THE PROJECTS ARE REPLICABLE, AND PROVIDE A MODEL FOR ORGANIZING AND ADVOCACY ON OTHER CONSUMER AND PUBLIC INTEREST ISSUES, OR IN OTHER LOCATIONS. -THE PROJECTS MUST MAKE SENSE IN THE CONTEXT OF THE NEEDS AND SUSTAINABILITY OPPORTUNITIES OF THE OVERALL CONSUMER MOVEMENT. -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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MARTA L TELLADO
PRESIDENT & CEO$722,865$0$68,550$0$28,251$0$29,000$0$2,964$0$851,630$0$0$0
LEONORA WIENER
SR. VP & COO$482,163$0$25,413$0$25,044$0$29,000$0$13,186$0$574,806$0$0$0
ERIC WAYNE
SR. VP & CFO$398,747$0$30,000$0$15,449$0$29,000$0$41,860$0$515,056$0$0$0
JASON FOX
VP, CHIEF DIGITAL OFFICER$398,034$0$20,000$0$15,750$0$28,900$0$39,110$0$501,794$0$0$0
GWENDOLYN BOUNDS
VP, CHIEF CONTENT OFFICER$404,985$0$25,000$0$15,645$0$28,900$0$2,879$0$477,409$0$0$0
MICHAEL HUBNER
VP, GENERAL COUNSEL$415,297$0$15,000$0$16,517$0$29,000$0$1,206$0$477,020$0$0$0
LIAM MCCORMACK
VP, RESEARCH, TESTING & INSIGHTS$386,830$0$17,000$0$14,521$0$29,000$0$28,480$0$475,831$0$0$0
LAUREN STANICH
VP, CHIEF MARKETING OFFICER$381,325$0$20,000$0$5,595$0$28,191$0$38,136$0$473,247$0$0$0
ESTHER HAN
VP, NEW PRODUCTS & SERVICES$336,945$0$17,000$0$19,786$0$28,158$0$28,853$0$430,742$0$0$0
SHAR TAYLOR
VP, CHIEF SOCIAL IMPACT OFFICER$332,480$0$15,000$0$7,322$0$25,750$0$15,386$0$395,938$0$0$0
PETER DIRENZO
CHIEF TECHNOLOGY OFFICER$304,801$0$10,500$0$6,143$0$29,000$0$38,881$0$389,325$0$0$0
HEATH GRAYSON
CHIEF PRIVACY OFFICER & DEPUTY GC$304,156$0$8,000$0$6,513$0$29,000$0$35,420$0$383,089$0$0$0
RAFAEL PEREZ
VP, CHIEF DIVERSITY OFFICER$300,319$0$15,000$0$2,702$0$28,156$0$34,544$0$380,721$0$0$0
CORINNE OSBORN
SR DIR LABOR & EMPL RELS$286,970$0$10,000$0$6,063$0$28,786$0$37,317$0$369,136$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 7FormAndLineReferenceDesc
ExplanationMARTA TELLADO, LEONORA WEINER, ERIC WAYNE, JASON FOX, GWENDOLYN BOUNDS, MICHAEL HUBNER, LIAM MCCORMACK, LAUREN STANICH, ESTHER HAN, SHAR TAYLOR, PETER DIRENZO, HEATH GRAYSON, RAFEAL PEREZ, AND CORINNE OSBORN RECEIVED DISCRETIONARY BONUS COMPENSATION IN CALENDAR YEAR 2021. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN B (III).ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1CYIDA MULTI-MOD CIV FAC REV BONDS S 2005BusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN521294255BondIssuerEIN
CUSIP986083BN2CUSIPNum
Bond Issued2005-12-22BondIssuedDt
Issue Price$47,300,000IssuePriceAmt
PurposeREFINANCE & RENOS OR HQ FACILITYPurposeDesc
Defeased0DefeasedInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Pool Financing0PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$14,900,000RetiredAmt
Total Proceeds$47,300,000TotalProceedsAmt
Issuance Costs From Proceeds$560,305IssuanceCostsFromProceedsAmt
Credit Enhancement$1,066,734CreditEnhancementAmt
Capital Expenditures$9,980,132CapitalExpendituresAmt
Other Spent Proceeds$35,692,829OtherSpentProceedsAmt
Substantial Completion2007SubstantialCompletionYr
Refunding Tax Exempt BondsYes (1)RefundingTaxExemptBondsInd
Refunding Taxable Bonds0RefundingTaxableBondsInd
Final Allocation MadeYes (1)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (1)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedPropertyInd
Any Lease Arrangements0AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop0MgmtContractBondFincdPropInd
Any Research Agreements0AnyResearchAgreementsInd
Private Bus Use By Others0.00000PrivateBusUseByOthersPct
Private Bus Concerning UBI0.00000PrivateBusConcerningUBIPct
Total Private Business Use0.00000TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt Test0BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdYes (1)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T Filed0Form8038TFiledInd
Rebate Not Due Yet0RebateNotDueYetInd
Exception To RebateYes (1)ExceptionToRebateInd
No Rebate Due0NoRebateDueInd
Variable Rate IssueYes (1)VariableRateIssueInd
Hedge Identified In Bks And RecYes (1)HedgeIdentifiedInBksAndRecInd

Hedge Provider Name HedgeProviderName

FieldValueIRS element (for citing)
Business Name Line1MORGAN STANLEYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Term Of Hedge30.500000000000TermOfHedgePct
Superintegrated Hedge0SuperintegratedHedgeInd
Hedge Terminated0HedgeTerminatedInd
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGICInd
Gross Proceeds Invested0GrossProceedsInvestedInd
Written Proc To Monitor Reqs0WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective Action0ProceduresCorrectiveActionInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 PROCEDURESON 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.

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution19ContributionCnt
Noncash Contributions Rpt F990$92,283NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE M, PART I, COLUMN (B)FormAndLineReferenceDesc
ExplanationTHE NUMBER 19 REPRESENTS THE NUMBER OF GIFT ITEMS OR CONTRIBUTORS THAT DONATED OF PUBLICLY TRADED SECURITIES RECEIVED BY CONSUMER REPORTS, INC. IN FISCAL YEAR 2022. EACH GIFT ITEM OR CONTRIBUTOR HAS EITHER ONE OR MULTIPLE SHARES OF PUBLICLY TRADED SECURITIES THAT WERE DONATED TO THE ORGANIZATION. THESE SECURITIES ARE SOLD FOR CASH PROMPTLY AFTER CR TAKES POSSESSION.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 4ACONSUMER 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 ITS EDUCATIONAL PURPOSE. THE NUMBER OF PAID SUBSCRIBERS FOR EACH AS OF 5/31/22 INCLUDE CONSUMER REPORTS MAGAZINE 2,831,781; CONSUMER REPORTS ON HEALTH 517,945; AND CR ONLINE 2,880,444. 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 5/31/22, CONSUMER REPORTS CONDUCTED TESTS AND EVALUATIONS ON MORE THAN 2,100 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 4BEDUCATION AND ADVOCACY PROGRAMS: CONSUMER REPORTS IS DEDICATED TO IMPROVING THE LIVES OF CONSUMERS AND CREATING A FAIR AND JUST MARKETPLACE FOR ALL OF US. WE ARE AN INDEPENDENT, NONPROFIT ORGANIZATION WITH 6 MILLION MEMBERS ACROSS THE U.S. CR SEEKS TO INFORM AND EMPOWER CONSUMERS TO ESTABLISH A NEW ERA OF CONSUMER RIGHTS. IN THE 86 YEARS SINCE CR WAS FOUNDED, WE HAVE BUILT A LEGACY OF TRUST AMONG CONSUMERS BY CONDUCTING EXPERT RIGOROUS SCIENCE-BASED TESTING OF PRODUCTS AND SERVICES, INCENTIVIZING CORPORATIONS TO PRIORITIZE SAFETY AND TRANSPARENCY, AND WORKING WITH POLICYMAKERS TO ENSHRINE THE RIGHTS AND INTERESTS OF CONSUMERS IN LAWS AND REGULATIONS. WE PROVIDE TRUSTED INFORMATION THROUGH TESTING, RATINGS, AND REVIEWS; SURVEYS, REPORTS AND ANALYSES; AND INVESTIGATIVE AND SERVICE JOURNALISM - ALL OF WHICH IS DISSEMINATED THROUGH MULTIPLE DIGITAL AND PRINT PLATFORMS THAT REACH MORE THAN 15 MILLION PEOPLE EACH MONTH. THE PUBLIC CAN ACCESS SUBSTANTIAL FREE CONSUMER EDUCATION INFORMATION AS A PUBLIC SERVICE THROUGH CONSUMERREPORTS.ORG, CR SOCIAL MEDIA CHANNELS, WEBINARS, PARTNERSHIPS WITH 170 ENGLISH AND SPANISH LOCAL TV STATIONS, AND MEDIA COVERAGE. THESE COMBINED EFFORTS LEVERAGE CONSUMER DEMAND TO SHAPE A PRO-CONSUMER MARKETPLACE, AND WE ENGAGE DIRECTLY WITH INDUSTRY TO SET STANDARDS AND PROMOTE SAFETY, DIGITAL RIGHTS, FINANCIAL FAIRNESS AND SUSTAINABILITY PRINCIPLES IN THE DESIGN AND DELIVERY OF PRODUCTS AND SERVICES. CONSUMER REPORTS' LONGSTANDING COMMITMENT TO EDUCATING CONSUMERS AND ADVOCATING FOR LAWS, POLICIES AND PRACTICES THAT BENEFIT CONSUMERS IS EXEMPLIFIED BY OUR FY 21 (JUNE 1, 2021 THROUGH MAY 31, 2022) ACCOMPLISHMENTS, SOME OF WHICH INCLUDE: SAFETY: - PRESIDENT SIGNS LANDMARK LAW TO BAN DANGEROUS INFANT SLEEP PRODUCTS PRESIDENT BIDEN SIGNED AN INFANT SAFETY LAW CHAMPIONED BY CONSUMER REPORTS, DOCTORS, SAFETY EXPERTS, AND GRIEVING FAMILIES. THE LAW IS CALLED THE SAFE SLEEP FOR BABIES ACT. IT BANS TWO DANGEROUS INFANT SLEEP PRODUCTS: INCLINED SLEEPERS AND CRIB BUMPER PADS, BOTH OF WHICH ARE UNSAFE FOR INFANT SLEEP AND HAVE BEEN LINKED WITH CLOSE TO 200 REPORTED CHILD DEATHS. THE LAW WAS PROMPTED IN LARGE PART BY A CR INVESTIGATION THAT REVEALED DOZENS OF DEATHS TIED TO PRODUCTS SUCH AS THE FISHER-PRICE ROCK 'N PLAY SLEEPER, WHICH WERE NOT COVERED BY FEDERAL SAFETY STANDARDS. - MAJOR FAST-FOOD CHAINS ANNOUNCE STEPS TO REMOVE PFAS CHEMICALS FROM FOOD PACKAGING, FOLLOWING CR INVESTIGATION THREE NATIONAL FAST-FOOD RESTAURANT CHAINS-BURGER KING, CHICK-FIL-A, AND NATHAN'S FAMOUS PUBLICLY ANNOUNCED THEY WOULD LIMIT DANGEROUS PFAS CHEMICALS IN THEIR FOOD PACKAGING, ONCE THEY LEARNED OF CR'S INVESTIGATION THAT REVEALED PFAS IN WRAPPERS, CUPS, BOWLS, AND OTHER CONTAINERS FROM RESTAURANTS AND GROCERY STORES. ELEVEN STATES HAVE ENACTED LAWS THAT BAN THE INTENTIONAL USE OF PFAS IN FOOD PACKAGING, AND CR IS URGING CONGRESS TO APPROVE A NATIONAL BAN. IN RECENT DECADES, PFAS EXPOSURE HAS BEEN LINKED TO A GROWING LIST OF PROBLEMS, INCLUDING IMMUNE SYSTEM SUPPRESSION, LOWER BIRTH WEIGHT, AND INCREASED RISK FOR SOME CANCERS. CR'S WORK ON THIS CLASS OF CHEMICALS WON A FAST COMPANY 2022 WORLD CHANGING IDEAS AWARD FOR OUR YEAR-LONG SERIES WITH THE GUARDIAN TO EXPOSE THE WIDESPREAD CONTAMINATION OF PFAS IN TAP WATER. - ADVOCATING FOR SAFER CARS AND ROADS CR INTRODUCED NEW RATINGS AND EVALUATIONS TO INCENTIVIZE AUTOMAKERS TO IMPROVE THEIR IN-CAR SYSTEMS FOR DRIVER ASSISTANCE AND DRIVER MONITORING. FOR THE FIRST TIME, CR IS AWARDING RATING POINTS TO VEHICLES WITH AUTOMATION SYSTEMS THAT ENCOURAGE SAFE DRIVING, AND WE WILL PENALIZE THOSE LACKING SAFEGUARDS STARTING WITH THE 2024 MODEL YEAR. CR PRODUCED AN IN-DEPTH RESEARCH REPORT CALLED "UNDERSTANDING THE CURRENT STATE OF VEHICLE AUTOMATION" FOR INDUSTRY AND GOVERNMENT OFFICIALS. WE CREATED THE REPORT AFTER THE NATIONAL HIGHWAY TRANSPORTATION SAFETY ADMINISTRATION ORDERED AUTOMAKERS TO REPORT CRASHES INVOLVING VEHICLES THAT COME EQUIPPED WITH A CERTAIN LEVEL OF ADVANCED DRIVER ASSISTANCE. OUR REPORT PROVIDES KEY DATA AND GUIDANCE ABOUT ACTIVE DRIVER-ASSISTANCE SYSTEMS, INCLUDING A VEHICLE LIST THAT SPECIFIES THE AVAILABILITY OF SYSTEMS BY MANUFACTURERS, MAKES, AND MODELS FOR THE CURRENT YEAR. CONGRESS PASSED A BIPARTISAN INFRASTRUCTURE LAW THAT CONTAINS AUTO SAFETY REFORMS ENDORSED BY CR. THE LAW REQUIRES ALL NEW CARS TO COME STANDARD WITH EFFECTIVE, PASSIVE TECHNOLOGY TO PREVENT DRUNK AND IMPAIRED DRIVING, WHICH THE INSURANCE INSTITUTE FOR HIGHWAY SAFETY ESTIMATES COULD SAVE MORE THAN 9,000 LIVES PER YEAR-PREVENTING FULLY ONE-QUARTER OF ALL ROAD FATALITIES. THE LAW ALSO INCLUDES PROVISIONS TO IMPROVE AUTO SAFETY RECALLS AND SAFETY REPORTING BY MANUFACTURERS, AND REQUIRES CARS TO COME STANDARD WITH AUTOMATIC SHUTOFF SYSTEMS TO PREVENT CARBON MONOXIDE POISONING.
FORM 990, PART III, LINE 4B (CONTINUED)- CR TESTING LEADS TO FOOD RECALL FOR THE FIRST TIME, CR'S TESTING PROMPTED A RECALL OF DANGEROUS FOOD. WE DETECTED A POTENTIALLY DEADLY CONTAMINANT IN ONE OF OUR SAMPLES OF KROGER-BRANDED GROUND BEEF SOLD AT A FRED MEYER SUPERMARKET IN SEATTLE. WE IMMEDIATELY ALERTED THE U.S. DEPARTMENT OF AGRICULTURE'S FOOD SAFETY AND INSPECTION SERVICE. THE AGENCY PROMPTLY INVESTIGATED THE PLANT WHERE THE MEAT WAS PROCESSED, RESULTING IN A RECALL BY THE DISTRIBUTOR OF 28,000 POUNDS OF GROUND BEEF SHIPPED FROM THE PLANT TO OTHER NATIONAL STORES IN ADDITION TO KROGER'S, LIKE WALMART AND ALBERTSONS. CONSUMERS CAN NOW GET TEXT MESSAGES ABOUT FOOD RECALLS AND FOODBORNE ILLNESSES BY SIGNING UP FOR A FREE SERVICE CALLED FOOD SAFETY ALERT. SUSTAINABILITY: - ADVANCING CLEAN CAR RULES TO REDUCE EMISSIONS, SAVE CONSUMERS MONEY THE FEDERAL GOVERNMENT APPROVED RULES TO LOWER THE EMISSIONS AND IMPROVE THE FUEL ECONOMY OF NEW CARS AND LIGHT-DUTY TRUCKS FOR MODEL YEARS 2023 TO 2026. CR'S ADVOCATES TESTIFIED BEFORE THE ENVIRONMENTAL PROTECTION AGENCY AND THE DEPARTMENT OF TRANSPORTATION TO EXPLAIN HOW STRINGENT RULES WOULD HAVE A POSITIVE IMPACT ON PUBLIC HEALTH AND THE ENVIRONMENT, WHILE HELPING CAR BUYERS SAVE THOUSANDS OF DOLLARS OVER THE LIFE OF VEHICLES THAT CAN GO FURTHER ON A GALLON OF GAS OR NO GAS AT ALL. CR ALSO ORGANIZED DOZENS OF CONSUMERS TO SPEAK AT THESE HEARINGS. WHILE SOME OF THE GOVERNMENT'S INITIAL PROPOSALS WERE DEEMED TO BE RELATIVELY WEAK BY CR AND OTHER GROUPS, THE REGULATORS ULTIMATELY CHOSE TO PUT STRONGER STANDARDS IN PLACE, AND MANY OF CR'S RECOMMENDATIONS WERE INCLUDED IN THE FINAL RULES. AT THE STATE LEVEL, CR WORKED WITH OFFICIALS AND GRASSROOTS ORGANIZATIONS IN NEVADA TO ADVANCE CLEAN CAR RULES TO CURB TRANSPORTATION POLLUTION AND PROVIDE NEVADANS WITH MORE CHOICES FOR ELECTRIC AND PLUG-IN HYBRID VEHICLES. CR SURVEYED NEVADA CONSUMERS AND FOUND WIDESPREAD SUPPORT FOR THESE INITIATIVES, WHICH WE SHARED IN TESTIMONY AND FILINGS. NEVADA BECAME THE NATION'S 16TH CLEAN CAR STATE IN OCTOBER 2021 WHEN A COMMISSION APPROVED THE CR-ENDORSED PROGRAM. - HELPING CONSUMERS NAVIGATE HIGH GAS PRICES AND CLEAN CAR OPTIONS AS THE PRICE OF GASOLINE HIT RECORD HIGHS IN FY22, CR PROVIDED CONSUMERS WITH FREE INFORMATION ABOUT HOW TO CONSERVE FUEL AND FIND THE LOWEST PRICES. WE ADVISED CAR BUYERS ON HOW ELECTRIC VEHICLES OFFER CERTAIN ADVANTAGES OVER GAS-POWERED VEHICLES WHEN IT COMES TO FUEL COSTS, REPAIRS AND MAINTENANCE, AND WE REPORTED ON OTHER OPTIONS LIKE PLUG-IN HYBRIDS. PLUS, WE LAUNCHED A FREE ONLINE TOOL CALLED ELECTRIC VEHICLE INCENTIVE FINDER WHERE PEOPLE CAN SEE WHAT TAX INCENTIVES AND DISCOUNTS ARE AVAILABLE FOR PEOPLE WHO BUY ELECTRIC VEHICLES IN THEIR ZIP CODE. - SHINING A SPOTLIGHT ON THE GROWING IMPACT OF AMAZON WAREHOUSES ON RESIDENTIAL NEIGHBORHOODS CR AND THE GUARDIAN INVESTIGATED AMAZON AND THE IMPACT OF ITS GROWING NUMBER OF WAREHOUSES ON RESIDENTIAL NEIGHBORHOODS. PEOPLE WHO LIVE NEAR THE NEW WAREHOUSES TOLD REPORTERS THAT THEY FACE INCREASED AIR POLLUTION FROM TRUCKS AND VANS, MORE DANGEROUS STREETS FOR KIDS WALKING OR BIKING, CLOGGED TRAFFIC, AND NEAR-CONSTANT NOISE. WE FOUND THAT AMAZON OPENS MOST OF ITS WAREHOUSES IN NEIGHBORHOODS WITH A DISPROPORTIONATELY HIGH NUMBER OF PEOPLE OF COLOR AND LOW-INCOME RESIDENTS: 69 PERCENT OF AMAZON WAREHOUSES HAVE A GREATER SHARE OF PEOPLE OF COLOR LIVING WITHIN A MILE RADIUS THAN THE TYPICAL NEIGHBORHOOD IN THE SAME METRO AREA, AND 57 PERCENT OF AMAZON WAREHOUSES ARE IN NEIGHBORHOODS WITH A GREATER SHARE OF LOW-INCOME RESIDENTS THAN TYPICAL FOR THE SAME METRO AREA. CR SHARED OUR FINDINGS WITH THE COMPANY AND OTHER STAKEHOLDERS. WE ARE URGING AMAZON TO MEASURE AND MITIGATE THE POLLUTION, TRAFFIC, AND OTHER IMPACTS, COMMIT TO ELECTRIFYING ITS HEAVY-DUTY FLEET OF VEHICLES, AND DIRECTLY ENGAGE WITH COMMUNITIES BEFORE MOVING INTO THEIR NEIGHBORHOODS. FINANCIAL FAIRNESS: - EXPOSING PROBLEMS WITH CREDIT APPS CR TOOK A CLOSE LOOK AT FIVE POPULAR APPS THAT PROVIDE CREDIT SCORE MONITORING-CREDIT KARMA, CREDIT SESAME, EXPERIAN CREDIT REPORT, TRANSUNION SCORE & REPORT, AND MYFICO. WE FOUND THAT THEY HAD SIGNIFICANT DRAWBACKS AND ONLY A FEW UPSIDES. ALL OF THE APPS COLLECTED AND SHARED MORE DATA ABOUT CONSUMERS THAN THEY NEED TO PERFORM THEIR CORE FUNCTIONS, OFTEN SO THEY CAN UPSELL OTHER PRODUCTS AND SERVICES. MOST OF THESE APPS DID NOT PROVIDE ACCESS TO THE TYPE OF CREDIT SCORES THAT CAN MEANINGFULLY HELP A CONSUMER. GIVEN THE HUGE IMPACT THAT CREDIT HAS ON A PERSON'S FINANCIAL POWER, CR CONTINUES TO CALL ON CREDIT BUREAUS TO PROVIDE FREE AND FULL ACCESS TO CREDIT REPORTS, AS WELL AS THE RELEVANT CREDIT SCORES THAT COMPANIES USE TO MAKE MAJOR DECISIONS ABOUT CONSUMERS. - FIXING A BROKEN SYSTEM FOR STUDENT LOAN FORGIVENESS AFTER THOUSANDS OF COMPLAINTS BY CONSUMERS AND GROUPS LIKE CR, THE U.S. DEPARTMENT OF EDUCATION FINALLY TOOK STEPS TO OVERHAUL ITS BROKEN PUBLIC SERVICE LOAN FORGIVENESS PROGRAM. CREATED BY CONGRESS IN 2007, THE PROGRAM PROMISED STUDENT LOAN FORGIVENESS FOR PEOPLE WHO DEVOTED A DECADE OF THEIR LIVES TO PUBLIC SERVICE. BUT 98 PERCENT OF THE APPLICANTS WERE REJECTED. THE SYSTEM WAS POORLY MANAGED BY LOAN SERVICERS. IT LEFT HUNDREDS OF THOUSANDS OF TEACHERS, MILITARY SERVICE MEMBERS, NURSES, AND OTHER PUBLIC SERVANTS WITH HUGE SURPRISE DEBTS. PRESSURE BY CR'S MEMBERS AND OTHERS LED TO CHANGES IN OCTOBER 2021, CLEARING A PATH FOR SOME 550,000 AFFECTED PEOPLE TO MOVE TOWARD THE DEBT CANCELLATION THAT WAS OFFERED TO THEM. - UNCOVERING OVERPRICED AUTO LOANS OVER THE LAST DECADE, THE MONTHLY COST OF AUTO LOANS HAS INCREASED MORE THAN 25 PERCENT, AND AUTO LOAN DEBT HELD BY AMERICANS HAS SURPASSED $1.4 TRILLION. CR ANALYZED 858,000 AUTO LOANS FROM MAJOR LENDERS THAT WERE BUNDLED INTO BONDS SOLD TO INVESTORS. OUR INVESTIGATION FOUND THAT CONSUMERS WHO ARE FINANCIALLY SIMILAR AND HAVE COMPARABLE CREDIT SCORES CAN BE CHARGED WILDLY DIFFERENT INTEREST RATES. EVEN PEOPLE WITH HIGH CREDIT SCORES CAN BE CHARGED EXORBITANTLY, SUGGESTING THAT DEALERS AND LENDERS MAY BE SETTING INTEREST RATES NOT ONLY ON RISK BUT ALSO ON WHAT THEY THINK THEY CAN GET AWAY WITH.
FORM 990, PART III, LINE 4B (CONTINUED)DIGITAL RIGHTS: - WORKING FOR BETTER BROADBAND FOR ALL CONSUMERS CR WORKED WITH MEMBERS OF CONGRESS TO INCLUDE NEARLY $60 BILLION IN FUNDS TO IMPROVE BROADBAND ACCESS AND AFFORDABILITY FOR CONSUMERS IN THE BIPARTISAN INFRASTRUCTURE LAW. WE SUCCEEDED IN GETTING A PROVISION IN THE LAW TO REQUIRE INTERNET SERVICE PROVIDERS TO PROVIDE A BROADBAND "NUTRITION" LABEL FOR CONSUMERS. THE FCC IS NOW DEVELOPING THIS LABEL, WHICH WILL TELL PEOPLE THE PRICE OF SERVICE, ADDITIONAL FEES, INTERNET SPEEDS, THE DATES WHEN DISCOUNTS WILL EXPIRE, AND OTHER IMPORTANT INFORMATION THAT MIGHT OTHERWISE BE HIDDEN IN THE FINE PRINT. IN FY22 CR LAUNCHED A NATIONAL INITIATIVE TO COLLECT AND ANALYZE BROADBAND BILLS FROM CONSUMERS ACROSS THE COUNTRY. OUR FINDINGS FROM MORE THAN 20,000 BILLS WILL BE REPORTED IN FY23. - CHAMPIONING STATE PRIVACY LAWS CONNECTICUT PASSED A COMPREHENSIVE PRIVACY LAW, WHICH GRANTS CONSUMERS THE RIGHT TO ACCESS, DELETE, AND STOP THE SALE OF THEIR PERSONAL INFORMATION. CR WORKED CLOSELY WITH CONSUMERS AND STATE LAWMAKERS TO IMPROVE AND ADVANCE THE LAW. IT INCLUDES KEY PROVISIONS THAT ARE MISSING FROM SOME OTHER STATE PRIVACY LAWS, SUCH AS A REQUIREMENT FOR COMPANIES TO HONOR BROWSER PRIVACY SIGNALS, SO THAT PEOPLE CAN EASILY OPT OUT OF DATA SALES AT ALL COMPANIES IN A SINGLE STEP. CALIFORNIA, WHICH IS HOME TO THE NATION'S STRONGEST DATA PRIVACY LAW, APPROVED TWO NEW LAWS ENDORSED BY CR. THESE REFORMS ARE AIMED AT DIRECT-TO-CONSUMER GENETIC TESTING COMPANIES LIKE ANCESTRY AND 23ANDME. THE LAWS WILL FORBID THE USE OF A PERSON'S GENETIC DATA WITHOUT THEIR CONSENT, AND REQUIRE THAT SUCH DATA IS STORED SECURELY. - LAUNCHING A MAJOR CYBERSECURITY INITIATIVE CYBERCRIMES COST PEOPLE IN THE U.S. MORE THAN $6.9 BILLION IN 2021, ACCORDING TO THE FBI. PHISHING SCAMS, PERSONAL DATA BREACHES, AND RANSOMWARE ARE JUST A FEW EXAMPLES OF THE CYBER ATTACKS THAT THREATEN PEOPLE'S SECURITY, PRIVACY, AND MONEY. CYBER CRIMINALS CAN DISRUPT PHONE AND COMPUTER NETWORKS, CAUSE ELECTRICITY BLACKOUTS, AND TAKE CONTROL OF INFORMATION SYSTEMS. TO HELP CONSUMERS PROTECT THEMSELVES AND THEIR COMMUNITIES, CR LAUNCHED A MAJOR CYBERSECURITY INITIATIVE IN FY22. WE ARE SCALING UP OUR PRODUCT RESEARCH AND TESTING, INVESTIGATIVE JOURNALISM, AND ADVOCACY TO IDENTIFY DANGERS AND ADVANCE SOLUTIONS. THIS EFFORT INCLUDES FREE APPS TO HELP PEOPLE MANAGE THEIR PERSONAL CYBERSECURITY, MORE TESTING OF PRODUCTS LIKE ANTIVIRUS SOFTWARE AND VIRTUAL PRIVATE NETWORKS, AND THE DEVELOPMENT OF A NUTRITION LABEL FOR DIGITAL DEVICES THAT EXPLAINS THEIR DATA COLLECTION AND SECURITY PRACTICES.
FORM 990, PART VI, SECTION A, LINE 6MEMBERS, STOCKHOLDERS CONSUMER REPORTS IS A NEW YORK STATE NOT-FOR-PROFIT MEMBERSHIP CORPORATION. THE MEMBERS FOR NEW YORK NOT-FOR-PROFIT LAW PURPOSES ARE ANY INDIVIDUAL WITH A PAID MEMBERSHIP TO THE CONSUMER REPORTS MEMBERSHIP PROGRAM. MEMBERS CAN ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING OF MEMBERS; ADOPT, AMEND OR REPEAL THE BY-LAWS OF THE CORPORATION; CALL A SPECIAL MEETING OF THE MEMBERS UNDER CERTAIN CIRCUMSTANCES; AND EXERCISE SUCH OTHER POWERS AS ARE PROVIDED BY LAW.
FORM 990, PART VI, SECTION A, LINE 7ASEE EXPLANATION ON LINE 6 ABOVE.
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 REVIEW PROCESS THE 990 IS PREPARED UTILIZING THE ASSISTANCE OF AN INDEPENDENT ACCOUNTING FIRM, KPMG. THE RELATED SERVICES FROM KPMG ARE APPROVED BY THE AUDIT COMMITTEE AS PART OF THE AUDIT APPROVAL PROCESS. AFTER THE 990 IS PREPARED BY CR FINANCE DEPARTMENT WITH COORDINATION WITH KPMG, IT IS REVIEWED BY THE CONTROLLER AND CFO BEFORE IT IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. A COPY OF THE 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO ITS FILING.
FORM 990, PART VI, SECTION B, LINE 12CCONFLICT OF INTEREST COMPLIANCE PROCESS CONSUMER REPORTS' 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. ANY CONFLICTS WILL BE ADDRESSED WITH THE APPLICABLE BOARD OR STAFF MEMBER, WITH UNRESOLVED CONFLICTS ADDRESSED BY THE APPROPRIATE CONFLICT OF INTEREST COMMITTEE. REMEDIES FOR CONFLICTS OF INTEREST INCLUDE RECUSAL FROM PARTICIPATION IN THE MATTER GIVING RISE TO THE CONFLICT, DISPOSING OF AN INVESTMENT, TERMINATION OF EMPLOYMENT OR RESIGNATION.
FORM 990, PART VI, SECTION B, LINE 15THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION PROVIDED TO CR'S PRESIDENT AND SENIOR EXECUTIVE STAFF TO ENSURE THAT THEY ARE CONSISTENT WITH CR'S MISSION, ARE DESIGNED TO ATTRACT AND RETAIN THE HIGH LEVELS OF LEADERSHIP TALENT NEEDED TO ACHIEVE CR'S OPERATING PLANS, AND ARE COMPLIANT WITH LAW. TO THAT END, THE EXECUTIVE COMMITTEE (1) RECOMMENDS TO THE BOARD OF DIRECTORS COMPENSATION PLANS AND PAY LEVELS FOR THE PRESIDENT, TAKING INTO ACCOUNT PEER GROUP PRACTICES AND ANY SPECIAL CONSIDERATIONS, AS WELL AS EMPLOYMENT AGREEMENTS; (2) REVIEWS THE COMPENSATION OF THE PRESIDENT AND SENIOR EXECUTIVE STAFF TO ENSURE COMPLIANCE WITH THE IRS INTERMEDIATE SANCTION REQUIREMENTS; AND (3) REVIEWS AND APPROVES (A) FOR EXECUTIVES REPORTING DIRECTLY TO THE PRESIDENT, ANY PROPOSED COMPENSATION INCREASE FOR CURRENT EXECUTIVES AND THE PROPOSED COMPENSATION FOR ANY NEW HIRE AND (B) FOR EXECUTIVES NOT REPORTING DIRECTLY TO THE PRESIDENT, (I) ANY PROPOSED COMPENSATION INCREASE THAT EXCEEDS THE ANNUAL SALARY INCREASE GUIDELINES ESTABLISHED BY PEOPLE AND CULTURE AND (II) THE PROPOSED COMPENSATION FOR ANY NEW EXECUTIVE HIRE THAT EXCEEDS THE MARKET MEDIAN AS REPORTED IN EXECUTIVE COMPENSATION STUDIES CONDUCTED BY A THIRD PARTY EXECUTIVE COMPENSATION CONSULTING FIRM. THE EXECUTIVE COMMITTEE'S RECOMMENDATION ON THE PRESIDENT'S COMPENSATION PLANS AND PAY LEVELS IS VOTED ON BY THE FULL BOARD OF DIRECTORS. DELIBERATIONS AND DECISIONS REGARDING THE FOREGOING COMPENSATION ARRANGEMENTS ARE CONTEMPORANEOUSLY RECORDED IN THE ORGANIZATION'S MINUTES. TO ENSURE COMPLIANCE WITH THE IRS INTERMEDIATE SANCTIONS AS REQUIRED AND MEET THE CONDITIONS FOR THE REBUTTABLE PRESUMPTION UNDER TREASURY REGULATION 53.4958-6, THE COMMITTEE THAT DETERMINES COMPENSATION OF EXECUTIVES ARE COMPOSED OF MEMBERS WHO ARE INDEPENDENT WITH RESPECT TO THE COMPENSATION ARRANGEMENTS. THE FOREGOING PROCESS FOR ESTABLISHING COMPENSATION FOR THE INDICATED PERSONS WAS LAST UNDERTAKEN IN MAY OF 2022.
FORM 990, PART VI, SECTION C, LINE 19PUBLIC AVAILABILITY OF FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS CONSUMER REPORTS' 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.
FORM 990, PART XI, LINE 9:UNREALIZED GAIN INTEREST RATE SWAP 2,298,943. PENSION RELATED CHANGES 3,267,740. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -306,244. ROUNDING -1,009.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1CHARITABLE REMAINDER TRUST (5)BusinessNameLine1Txt
FieldValueIRS element (for citing)
Primary ActivitiesANNUITYPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Direct Controlling NAN/ADirectControllingNACd
Entity TypeTEntityTypeTxt
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd