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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. THE PART II CALCULATION IS AVAILABLE UPON REQUEST. true true true 509 true 156799 true 328897 true 25000 true 525024 true 38595 false 1074824 false SCHEDULE C, PART II-B LINE 1A: VOLUNTEERS TESTIFY BEFORE CONGRESS AND STATE LEGISLATURES; SPEAK AT PRESS CONFERENCES REGARDING STATE AND FEDERAL LEGISLATION; LOBBY LEGISLATORS. LINE 1B - PAID STAFF OR MANAGEMENT: PLEASE SEE BELOW ACTIVITIES, AS STAFF AND MANAGEMENT ARE INCLUDED IN THOSE ACTIVITIES AND TOTALS. LINE 1C - MEDIA ADVERTISEMENTS: MEDIA SPACE PURCHASED IN PRINT AND RADIO. LINE 1D - MAILING TO MEMBERS, LEGISLATORS, OR THE PUBLIC: ACTION ALERTS TO THE PUBLIC. LINE 1E - PUBLICATIONS, OR PUBLISHED OR BROADCAST STATEMENTS: LOBBYING MESSAGES REGARDING LEGISLATION THAT APPEAR IN CONSUMER REPORTS AND ITS OTHER PUBLICATIONS. LINE1F - GRANTS TO OTHER ORGANIZATIONS FOR LOBBING PURPOSES: GRANTS TO NON-PROFIT ORGANIZATIONS ON THE GROUND IN STATES WHERE WE ARE WORKING. LINE 1G - DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, GOVERNMENT OFFICIALS, OR LEGISLATIVE BODY: LETTERS; FACE-TO-FACE COMMUNICATIONS, EMAILS; TELEPHONE CALLS WITH STATE AND FEDERAL LEGISLATORS, INCLUDING PREPARATION; TRAVEL TIME, LEGISLATIVE TESTIMONY. LINE 1H - RALLIES, DEMONSTRATIONS, SEMINARS, CONVENTIONS, SPEECHES, LECTURES, OR ANY SIMILAR MEANS: SPEECHES; RALLIES; CONFERENCES WHERE CR STAFF SUPPORTS OR OPPOSES STATE AND FEDERAL LEGISLATION PUBLICLY. 11935255 11935255 69230395 43210857 26019538 841836 303596 538240 23696693 19080213 4616480 86632543 65402445 21230098 64339611 455133 PENSION LIABILITY 24927000 INSURANCE CLAIM SETTLEMENT LIABILITY 16375000 CHARITABLE GIFT ANNUITY 10457139 LIABILITY DERVIATIVE INSTRUMENT 4116173 ASC 712 LIABILITY 2132685 LIFETIME SUBSCRIBER LIABILITY 1272000 CRUT LIABILITY 1036357 OTHER DEFERRED 519347 61290834 X 264167000 10373553 5594341 15967894 248199106 447463 -196530 250933 248450039 252773000 8976 8976 252764024 447463 -197361 250102 253014126 RECONCILIATION OF REVENUE SCHEDULE D, PART XI, LINE 2D UNREALIZED GAIN ON INTEREST RATE SWAP $ 1,706,992 PENSION RELATED CHARGES $ 4,317,434 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $ (430,085) -------------- $ 5,594,341 SCHEDULE D, PART XI, LINE 4B RENTAL EXPENSES $ (197,952) OTHER ROUNDING $ 1,422 -------------- $ (196,530) RECONCILIATION OF EXPENSES SCHEDULE D, PART XII, LINE 2D CONSUMERS UNION ACTION FUND, INC. $ 8,951 TRUMAN AVENUE FOUNDATION, INC. $ 25 ------------- $ 8,976 SCHEDULE D, PART XII, LINE 4B RENTAL EXPENSES $ (197,952) OTHER ROUNDING $ 591 ------------- $ (197,361) SCHEDULE D, PART X, LINE 2 FIN 48 UNCERTAINTY IN TAXES UNDER THE PROVISION OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, CONSUMER REPORTS [CR] IS EXEMPT FROM TAXES ON INCOME, EXCEPT FOR UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED MAY 31, 2018 AND 2017, PROVISIONS FOR INCOME TAXES WERE $889,000 AND $745,000, RESPECTIVELY. IN ACCORDANCE WITH ASC 740, INCOME TAXES, CR EVALUATED ITS TAX POSITION AND DETERMINED THAT ALL ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION. ACCORDINGLY, CR BELIEVES THAT THERE ARE NO UNRECOGNIZED BENEFITS OR APPLICABLE INTEREST AND PENALTIES THAT SHOULD BE RECORDED. 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WIKIMEDIA NEW YORK CITY PO BOX 1074 GRAND CENTRAL STATION NEW YORK NY 101631074 270520584 501(C)(3) 25000 TO SUPPORT EDUCATION AND OUTREACH EFFORTS TO ENCOURAGE MEDICAL STUDENTS TO EDIT MEDICAL ARTICLES IN WIKIPEDIA. 3 CRITERIA FOR SELECTING PROJECTS FOR FUNDING THE CRITERIA FOR SELECTING PROJECTS FOR FUNDING THROUGH THE COLSTON E. WARNE SMALL GRANTS PROGRAM INCLUDES THE FOLLOWING: - THE PROJECTS SHOULD BE CONSISTENT WITH CR'S MISSION TO PROVIDE INFORMATION AND ADVICE TO CONSUMERS ON GOODS, SERVICES, HEALTH AND PERSONAL FINANCE; AND TO INITIATE AND COOPERATE WITH INDIVIDUAL AND GROUP EFFORTS TO MAINTAIN AND ENHANCE THE QUALITY OF LIFE FOR CONSUMERS. - THE PROJECTS SHOULD BE HIGH IMPACT PROJECTS THAT PROVIDE A SIGNIFICANT RETURN FOR THE AMOUNT OF MONEY INVESTED. THEY SHOULD BE RESULT-ORIENTED, AND HAVE TANGIBLE GOALS AND OBJECTIVES. - THE ORGANIZATION SPONSORING THE PROJECT SHOULD HAVE A CLEAR PLAN FOR DEVELOPING ALTERNATE SOURCES OF FUNDING, SO THAT THE PROJECT CAN BECOME SELF-SUPPORTING AND CONTINUE WHEN THE GRANT PERIOD ENDS. - IF POSSIBLE, THE PROJECTS SHOULD BE REPLICABLE, AND PROVIDE A MODEL FOR ORGANIZING AND ADVOCACY ON OTHER CONSUMER AND PUBLIC INTEREST ISSUES, OR IN OTHER LOCATIONS. - WE ARE ESPECIALLY INTERESTED IN PROJECTS THAT PROVIDE DIRECT BENEFITS TO LOW-INCOME AND MINORITY CONSUMERS. - WHERE POSSIBLE, PROJECTS SHOULD OBTAIN MATCHING FUNDS AND /OR LEVERAGE IN-KIND RESOURCES FROM OTHER SOURCES. - THE PROJECTS SHOULD MAKE SENSE IN THE CONTEXT OF THE NEEDS AND OPPORTUNITIES OF THE OVERALL CONSUMER MOVEMENT. THEY SHOULD CONTRIBUTE TO CAPACITY-BUILDING OF ORGANIZATIONS, AND HELP SUSTAIN THE CONSUMER MOVEMENT. - CR'S PURPOSES MUST BE MEASURED IN TERMS OF THE BENEFITS INDIRECTLY REALIZED BY THOUSANDS OF CONSUMERS WHO ARE BETTER INFORMED OR BETTER SERVED AS A CONSEQUENCE OF THE WORK WHICH THE MONEY SUPPORTS. "(CONSUMER REPORTS, MARCH, 1958, P. 163)" - BECAUSE OUR FUNDS ARE LIMITED, OUR OPERATING STRATEGY IS TO IDENTIFY PROSPECTIVE GRANTEES AND INVITE THEM TO APPLY. MOST GRANTS ARE AWARDED TO PRE-SELECTED ORGANIZATIONS. MONITORING GRANT FUNDS GRANTEES ARE REQUIRED TO SUBMIT PROGRAM AND FINANCIAL REPORTS AT THE CONCLUSION OF THE PROJECT, INCLUDING A LIST OF GRANT-RELATED EXPENDITURES, AND A SUMMARY OF DELIVERABLES AND PROJECT RESULTS. THE TIMING OF THE REPORTS IS DETERMINED ACCORDING TO A SCHEDULE CONTAINED IN AN EXECUTED SUB - GRANT AGREEMENT BETWEEN CR AND THE GRANTEE. X X X X X true false false false false false false true false MARTA L TELLADO PRESIDENT & CEO 620191 36300 6887 45000 4680 713058 STEVEN SCHWARTZ VP & GEN. COUNSEL THRU 2/29/18 386197 50000 1709 16139 30798 484843 ERIC WAYNE VP & CFO 312296 10000 15340 30971 30807 399414 LEONORA WIENER SR. VP, BRAND & STRATEGY 433668 15000 5387 42736 11751 508542 LISA CRIBARI VP, HUMAN RESOURCES 300533 10000 5544 30088 20959 367124 BRENT DIAMOND VP, CONSUMER DATA & MKT OPS 343547 11963 13956 35314 30962 435742 JASON FOX VP, CHIEF DIGITAL OFFICER 376292 15000 3035 36654 31020 462001 LIAM MCCORMACK VP, RESEARCH TESTING & INSIGHT 366154 10000 2632 36513 20958 436257 KIMBERLY STEHLE VP, CHIEF MARKETING OFFICER 349175 10000 2340 27000 4245 392760 GWENDOLYN BOUNDS VP, CHIEF CONTENT OFFICER 347918 10000 2987 27000 20911 408816 AL RIZZOTTI DIR.,FAC. MGMT. THRU 5/23/2017 71311 0 265301 7244 12378 356234 DIANE SALVATORE EDITOR-IN-CHIEF, CR MAGAZINE 277507 9819 4985 27000 11350 330661 HEATH GRAYSON DEPUTY GENERAL COUNSEL 283547 5000 3612 27000 30610 349769 WENDY WINTMAN MGR.,LEGAL SVCS THRU 6/16/2017 51583 0 229026 5356 16765 302730 EVON BECKFORD SR. DIR., ELECTRONICS 0 0 0 0 226041 0 0 0 0 0 226041 0 HARLAN MARKS SR. PRODUCT INFO SPEC. 0 0 0 0 240655 0 0 0 0 0 240655 0 MICHAEL ROSATO SR. PRODUCT INFO SPEC. 0 0 0 0 100618 0 0 0 0 0 100618 0 PART I, LINE 4A - SEVERANCE PAYMENTS AL RIZZOTTI - $126,353 EVON BECKFORD - $226,041 HARLAN MARKS - $240,655 MICHAEL ROSATO - $100,618 WENDY WINTMAN - $136,405 PART I, LINE 7 COLUMN B (II) BONUS & INCENTIVE CONTRACTUAL DISCRETIONARY COMPENSATION BONUS (MERIT) MARTA TELLADO $36,300 $16,300 $20,000 STEPHEN SCHWARTZ $50,000 $50,000 ERIC WAYNE $10,000 $10,000 LEONORA WIENER $15,000 $15,000 LISA CRIBARI $10,000 $10,000 BRENT DIAMOND $11,963 $11,963 JASON FOX $15,000 $15,000 LIAM MCCORMACK $10,000 $10,000 KIMBERLY STEHLE $10,000 $10,000 GWENDOLYN BOUNDS $10,000 $10,000 PETER DIRENZO $11,000 $11,000 HEATH GRAYSON $5,000 $5,000 DIANE SALVATORE $9,819 $9,819 A CITY OF YONKERS INDUSTRIAL DEVELOPMENT AGENCY 521294255 986083BN2 2005-12-22 47300000 MULTI-MODAL CIVAL FACILITY REVENUE false false false A 8800000 0 47300000 0 0 0 560305 1066734 0 9980132 35692829 0 true false true true A false false true false false 0.00068 0.02893 0.02961 false false false true A false false true true true MORGAN STANLEY 30.5 false false false 0 false false A false PART II, LINE 11 - OTHER SPENT PROCEEDS $35,045,813 OF BOND PROCEEDS WERE USED TO REFUND BONDS ISSUED IN 1989, 1991, AND 1995. ISSUER FEE, TITLE INSURANCE, STATE BOND ISSUANCE CHARGE, SURVEY AND RECORDING FEES: $647,016 PART III, LINE 9 - ESTABLISHMENT OF WRITTEN PROCEDURES ON MAY 31, 2015, CR IMPLEMENTED A PROCESS TO MONITOR PRIVATE BUSINESS USE OF THE FACILITY. IN ADDITION, CR CONDUCTED A REVIEW OF THE PAST 5 YEARS OF THE FACILITY USE AND DETERMINED THAT NO PRIVATE USE OF THE FACILITY HAD OCCURRED THAT WAS NOT IN COMPLIANCE WITH THE NEW POLICY. X 12 78321 FAIR MARKET VALUE false true false SCHEDULE M, PART I, COLUMN (B) THE NUMBER 12 REPRESENTS THE NUMBER OF GIFT ITEMS OR CONTRIBUTORS THAT DONATED OF PUBLICLY TRADED SECURITIES RECEIVED BY CONSUMER REPORTS, INC. IN 2017. EACH GIFT ITEM OR CONTRIBUTOR HAS EITHER ONE OR MULTIPLE SHARES OF OF PUBLICLY TRADED SECURITIES THAT WERE DONATED TO THE ORGANIZATION. FORM 990, PART III, LINE 4A CONSUMERS INFORMATION: CONSUMER REPORTS PUBLISHES AND DISSEMINATES INFORMATION AND ADVICE TO CONSUMERS REGARDING TOPICS SUCH AS CONSUMER GOODS, SERVICES, HEALTH AND PERSONAL FINANCE IN ORDER TO EFFECT IT'S EDUCATIONAL PURPOSE. THE NUMBER OF PAID SUBSCRIBERS FOR EACH AS OF 5/31/18 INCLUDE CONSUMER REPORTS MAGAZINE 3,388,677; CONSUMER REPORTS ON HEALTH 565,114; AND CR ONLINE 2,824,074. 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 5/31/18, CONSUMER REPORTS CONDUCTED TESTS AND EVALUATIONS ON MORE THAN 2,700 MODELS OF VARIOUS CONSUMER PRODUCTS, MAKING USE OF ABOUT 60 LABORATORIES AND ITS AUTO TRACK. THE INFORMATION GATHERED AS RESULT OF THESE TESTS IS DISSEMINATED TO THE GENERAL PUBLIC AS DESCRIBED ABOVE. FORM 990, PART III, LINE 4B EDUCATION AND ADVOCACY PROGRAMS: CONSUMER REPORTS IS DEDICATED TO IMPROVING THE LIVES OF CONSUMERS AND PROMOTING A FAIRER, SAFER AND HEALTHIER WORLD. WE ARE AN INDEPENDENT NONPROFIT ORGANIZATION THAT SEEKS TO EDUCATE CONSUMERS IN ORDER TO DRIVE A NEW ERA OF CONSUMER POWER AND PROTECTION. FOR MORE THAN 80 YEARS, WE HAVE BUILT A LEGACY OF TRUST AMONG CONSUMERS BY CONDUCTING RIGOROUS SCIENCE-BASED TESTING OF PRODUCTS, CHAMPIONING THE RIGHTS OF CONSUMERS IN THE HALLS OF GOVERNMENT, MOVING CORPORATE ACTORS TO PROVIDE CONSUMERS WITH GREATER TRANSPARENCY AND SAFETY, AND HELPING CONSUMERS TO NAVIGATE AN INCREASINGLY COMPLEX MARKETPLACE. ADDITIONALLY, CONSUMER REPORTS PROVIDES SUBSTANTIAL FREE CONSUMER EDUCATION INFORMATION AS A PUBLIC SERVICE THROUGH ONLINE ADVICE, ADVOCACY EFFORTS, SOCIAL MEDIA CAMPAIGNS, AND OTHER EFFORTS. CONSUMER REPORTS' LONGSTANDING COMMITMENT TO EDUCATING CONSUMERS AND ADVOCATING FOR LAWS, POLICIES AND PRACTICES THAT BENEFIT CONSUMERS IS EXEMPLIFIED BY OUR FY18 (JUNE 1, 2017 THROUGH MAY 31, 2018) ACCOMPLISHMENTS, SOME OF WHICH INCLUDE: REARVIEW CAMERAS NOW STANDARD IN EVERY NEW CAR - STARTING IN 2002 CONSUMER REPORTS MEASURED THE BLIND ZONES LOCATED BEHIND CARS AND LIGHT-DUTY TRUCKS. WE ALERTED CONSUMERS, AUTOMAKERS, AND THE FEDERAL GOVERNMENT TO THE GROWING PROBLEMS WITH CARS' REAR VISIBILITY, POINTING TO THESE BLIND ZONES AND THE RISING NUMBER OF INJURIES AND DEATHS IN BACKOVER INCIDENTS. MANY OF THESE VICTIMS WERE SMALL CHILDREN AND THE ELDERLY. CR ADVOCATED FOR A 2008 FEDERAL LAW THAT SAID THE U.S. DEPARTMENT OF TRANSPORTATION MUST CREATE REQUIREMENTS FOR AUTOMAKERS TO INSTALL REARVIEW VISIBILITY EQUIPMENT IN EVERY NEW VEHICLE. WHEN REGULATORS REPEATEDLY DELAYED THE RULE, CR JOINED WITH FAMILIES OF BACKOVER VICTIMS AND SAFETY ORGANIZATIONS TO SUE THE GOVERNMENT IN ORDER TO STOP THE DELAYS. THE DAY BEFORE THE 2014 TRIAL, THE GOVERNMENT ENDED THE DELAY AND IMPLEMENTED THE REQUIREMENT TO BE PHASED IN OVER THE NEXT FOUR YEARS. IN MAY 2018 THE IMPLEMENTATION WAS COMPLETED, AND NOW ALL NEW VEHICLES PRODUCED FOR SALE IN THE U.S. COME WITH REARVIEW CAMERAS AS STANDARD EQUIPMENT. SELF-DRIVING CARS - CR BELIEVES THAT SELF-DRIVING CARS HAVE GREAT POTENTIAL TO IMPROVE ROAD SAFETY AND MOBILITY FOR CONSUMERS. HOWEVER, WE ARE CONCERNED ABOUT THE EFFORTS BY MANUFACTURERS TO BRING THESE VEHICLES TO MARKET IN THE FUTURE WITHOUT THE NECESSARY STEPS TO ENSURE THEY ARE SAFE. WE ARE WORKING WITH LAWMAKERS IN CONGRESS TO IMPROVE PENDING LEGISLATION THAT WOULD ACCELERATE THE INTRODUCTION OF SELF-DRIVING CARS INTO THE MARKETPLACE. WE ARE ADVOCATING FOR STRONGER MEASURES TO BE ADDED TO THE LEGISLATION TO ENSURE THAT CONSUMER SAFETY COMES FIRST. CR HOSTED A RIDE-AND-DRIVE EVENT ON CAPITOL HILL IN WASHINGTON, DC TO DEMONSTRATE CARS FOR SALE TODAY THAT OFFER LIMITED DRIVER-ASSISTANCE FEATURES, AND DISCUSS THE CONCERNS SURROUNDING THE LEGISLATION AIMED AT THE FULLY SELF-DRIVING CARS OF THE FUTURE. A BIPARTISAN GROUP OF MEMBERS OF CONGRESS AND CONGRESSIONAL STAFFERS TOOK PART IN THE CR DEMONSTRATION. EQUIFAX BREACH - WHEN THE CREDIT REPORTING BUREAU EQUIFAX ANNOUNCED A MASSIVE DATA BREACH IN 2017, CR CALLED ON THE COMPANY'S CEO TO IMPLEMENT A LIST OF PRIVACY AND SECURITY REFORMS. CR JOINED WITH CONSUMERS IMPACTED BY THE BREACH IN A PRESS CONFERENCE OUTSIDE EQUIFAX HEADQUARTERS IN ATLANTA, WHERE WE DELIVERED A PETITION WITH MORE THAN 180,000 SIGNATURES CALLING FOR REFORMS. EQUIFAX EXECUTIVES AGREED TO MEET WITH CR ADVOCATES AND ASKED FOR INPUT INTO THE COMPANY'S LATEST TOOLS AND INITIATIVES TO HELP CONSUMERS. FOOD SAFETY - IN JANUARY 2018 CR ISSUED AN ALERT FOR US CONSUMERS TO AVOID ROMAINE LETTUCE, CITING INVESTIGATIONS BY THE US AND CANADIAN GOVERNMENTS INTO AN E COLI OUTBREAK AND ITS POSSIBLE LINK TO ROMAINE. CR URGED THE US GOVERNMENT TO STEP UP ITS INVESTIGATIONS AND FOLLOW THE LEAD OF THE CANADIAN GOVERNMENT, WHICH HAD ALREADY WARNED THE PUBLIC OF THE RISK. THE CDC AND FDA ANNOUNCED IN APRIL THAT THE OUTBREAK HAD ENDED. CONCERNS ABOUT ROMAINE HAVE PERSISTED INTO FY19. IN SEPTEMBER 2017 CR AND OTHER ORGANIZATIONS RELEASED THE ANNUAL "CHAIN REACTION" REPORT ON THE USE OF ANTIBIOTICS IN MEAT SERVED BY FAST FOOD RESTAURANTS. THE 2017 REPORT FOUND THAT MOST OF THE TOP 25 FAST FOOD CHAINS HAD MADE PROGRESS IN RESTRICTING THE USE OF ANTIBIOTICS IN THE CHICKEN THEY SERVED, BUT FEW HAD TAKEN STEPS TO LIMIT THE USE IN BEEF AND PORK. CR HAS LONG ADVOCATED AGAINST THE OVERUSE OF MEDICALLY-IMPORTANT ANTIBIOTICS IN FOOD-PRODUCING ANIMALS, IN ORDER TO PROTECT THE EFFECTIVENESS OF THESE ANTIBIOTICS FOR TREATING DEADLY SUPERBUGS IN HUMANS. PRIVACY - IN FY17 CR INTRODUCED A DIGITAL STANDARD TO EVALUATE THE PRIVACY AND SECURITY ELEMENTS OF CONNECTED PRODUCTS, AND WE ISSUED OUR FIRST PRODUCT EVALUATIONS IN FY18. WE FOUND THAT CERTAIN SAMSUNG AND ROKU SMART TVS HAD SECURITY FLAWS THAT LEFT THE PRODUCTS VULNERABLE TO HACKING, AND SAMSUNG EVENTUALLY FIXED THIS FLAW. IN CALIFORNIA WE WORKED WITH STATE LAWMAKERS ON A NEW LAW TO PROVIDE ONLINE PRIVACY PROTECTIONS FOR LOCAL RESIDENTS. AT THE FEDERAL LEVEL, WE CALLED ON REGULATORS AND LAWMAKERS TO STEP UP AND TAKE ACTION TO PROTECT CONSUMER DATA IN THE WAKE OF THE FACEBOOK-CAMBRIDGE ANALYTICA SCANDAL. NET NEUTRALITY - CR IS A LONGTIME ADVOCATE FOR NET NEUTRALITY -- THE PRINCIPLE THAT INTERNET SERVICE PROVIDERS SHOULD TREAT ALL NETWORK TRAFFIC ON THE INTERNET EQUALLY, WITHOUT DISCRIMINATING OR CHARGING DIFFERENTLY AMONG CONSUMERS, CONTENT PROVIDERS, OR PLATFORMS. WHEN THE FCC VOTED IN 2017 TO ELIMINATE ITS NET NEUTRALITY RULES, CR ADVOCATED FOR A RESOLUTION APPROVED BY THE US SENATE TO OVERTURN THE FCC'S DECISION AND RESTORE THE RULES. THIS RESOLUTION MUST STILL BE APPROVED BY THE US HOUSE AND SIGNED BY THE PRESIDENT TO TAKE EFFECT. SEPARATELY, CR WORKED IN THE STATE OF CALIFORNIA TO HELP WIN APPROVAL OF A LAW TO RESTORE NET NEUTRALITY PROTECTIONS FOR CALIFORNIA RESIDENTS. THE US DEPARTMENT OF THE JUSTICE IS SEEKING TO BLOCK THAT LAW, AND WE CONTINUE TO ADVOCATE FOR NET NEUTRALITY IN FY19. FUEL ECONOMY - AS EPA AND NHTSA MOVED FORWARD ON A PLAN TO ROLL BACK THE NATION'S CURRENT STANDARDS FOR AUTOMOBILE FUEL ECONOMY AND EMISSIONS, CR SPOKE OUT IN OPPOSITION TO THE PLAN AND URGED THE GOVERNMENT TO PRESERVE THE STANDARDS. CR ANALYSIS SHOWS HOW THE STANDARDS HAVE IMPROVED MILEAGE IN A VARIETY OF CARS AND TRUCKS, WHICH HELPS CONSUMERS SAVE MONEY AT THE GAS PUMP, AND IT IMPROVES PUBLIC HEALTH BY REDUCING POLLUTION. CR SURVEYS FIND STRONG SUPPORT FOR IMPROVED FUEL ECONOMY AMONG US CONSUMERS. FURNITURE TIPOVERS - EVERY 17 MINUTES IN THE US, A PERSON IS INJURED WHEN FURNITURE, A TV, OR APPLIANCE TIPS OVER. THE FURNITURE INDUSTRY ONLY HAS VOLUNTARY STANDARDS TO PREVENT TIPOVERS. IN FY18 CR PUBLISHED A YEAR-LONG INVESTIGATION INTO FURNITURE TIPOVERS, INCLUDING TESTS OF 24 DIFFERENT DRESSERS REPRESENTING A CROSS-SECTION OF THE MARKET. WE ANALYZED THOUSANDS OF TIPOVER INCIDENT REPORTS OBTAINED FROM THE CPSC, AND WE INTERVIEWED PARENTS OF CHILDREN KILLED IN TIPOVER INCIDENTS, SAFETY ADVOCATES, AND INDUSTRY REPRESENTATIVES. WE FOUND THE CURRENT VOLUNTARY STANDARDS ARE NOT ADEQUATE, AND OUR TESTS SHOW THAT IT IS FEASIBLE FOR COMPANIES TO DESIGN A DRESSER AT VARIOUS PRICES THAT IS SAFER AND MORE STABLE. WE ARE WORKING WITH COMPANIES AND OTHER STAKEHOLDERS TO IMPROVE THE STANDARDS AND EDUCATE THE PUBLIC ABOUT HOW TO AVOID DEADLY TIPOVERS. PERSONAL FINANCE - FEDERAL POLICYMAKERS ARE WORKING ON SEVERAL FRONTS TO ROLL BACK REGULATIONS FOR BANKS, LENDERS, AND OTHER FINANCIAL INSTITUTIONS. CR IS PUSHING TO PRESERVE CONSUMER PROTECTIONS PROVIDED BY THE DODD-FRANK FINANCIAL REFORM LAW AND CARRIED OUT BY AGENCIES SUCH AS THE CONSUMER FINANCIAL PROTECTION BUREAU. WE ARE ALSO WORKING TO PRESERVE AND ADVANCE LENDING RULES SET BY THE EDUCATION DEPARTMENT TO CURB ABUSES BY FOR-PROFIT COLLEGES, AS THE CURRENT LEADERSHIP OF THE EDUCATION DEPARTMENT SEEKS TO WEAKEN OR ELIMINATE THESE PROTECTIONS FOR STUDENTS. MERGERS - CR TESTIFIED BEFORE CONGRESS ABOUT T-MOBILE'S BID FOR SPRINT, TELLING LAWMAKERS THAT THE PROPOSAL WOULD END THE VIGOROUS COMPETITION THAT EXISTS BETWEEN THE TWO WIRELESS PROVIDERS, AND THAT LACK OF COMPETITION COULD LEAD TO HIGHER PRICES FOR CONSUMERS. THE MERGER IS UNDER FEDERAL REVIEW. CR URGED FEDERAL REGULATORS TO REJECT AT&T'S BID FOR TIME WARNER, WHICH WOULD COMBINE ONE OF THE NATION'S LARGEST VIDEO AND WIRELESS PROVIDERS WITH ONE OF ITS LARGEST CONTENT PRODUCERS, AND CR SAID THAT COULD HARM COMPETITION AND CONSUMER CHOICE. THE JUSTICE DEPARTMENT SUED TO BLOCK THE DEAL, AND A JUDGE RULED AGAINST JUSTICE TO ALLOW THE MERGER TO PROCEED. THE JUSTICE DEPARTMENT IS NOW APPEALING THAT DECISION. CR RAISED CONCERNS ABOUT THE PROPOSED MERGER BETWEEN THE MEDIA COMPANIES SINCLAIR BROADCAST GROUP AND TRIBUNE MEDIA, SAYING THE COMBINATION WOULD HAVE ALLOWED ONE COMPANY TO OWN TV STATIONS REACHING NEARLY THREE-QUARTERS OF THE COUNTRY. CR SAID THIS LEVEL OF CONSOLIDATION WOULD HAVE HARMED COMPETITION AND THE DIVERSITY OF MEDIA VOICES, AND THE COMPANY'S INCREASED POWER AND LEVERAGE OVER TV PROGRAMMING COULD HAVE LED TO HIGHER PRICES FOR CONSUMERS. THE FCC REFERRED THE MERGER TO AN ADMINISTRATIVE JUDGE FOR REVIEW, AND TRIBUNE WITHDREW FROM THE DEAL. CHANGES TO GOVERNING DOCUMENTS FORM 990, PART VI, SECTION A, LINE 4 CHANGES TO GOVERNING DOCUMENTS CR REVISED ITS BYLAWS TO DEFINE "MEMBER" FOR NEW YORK NOT-FOR-PROFIT LAW PURPOSES TO MEAN ANY INDIVIDUAL WHO IS A PAID MEMBER OF THE CONSUMER REPORTS MEMBERSHIP PROGRAM AS OF THE RECORD DATE. MEMBERS, STOCKHOLDERS FORM 990, PART VI, LINE 6 AND 7A 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 REVIEW PROCESS Form 990, PART VI, LINE 11 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. CONFLICT OF INTEREST COMPLIANCE PROCESS FORM 990, PART VI, LINE 12C 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. PROCESS FOR DETERMINING EXECUTIVE COMPENSATION FORM 990, PART VI, LINES 15A AND 15B THE GOVERNANCE 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 GOVERNANCE COMMITTEE (1) RECOMMENDS TO THE EXECUTIVE COMMITTEE OF 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 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 HUMAN RESOURCES 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. THE FOREGOING PROCESS FOR ESTABLISHING COMPENSATION FOR THE INDICATED PERSONS WAS LAST UNDERTAKEN IN APRIL OF 2018. PUBLIC AVAILABILITY OF FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS FORM 990, PART VI, LINE 19 CONSUMER REPORTS'S ANNUAL FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON ITS WEBSITE, WWW.CONSUMERREPORTS.ORG. OUR GOVERNING DOCUMENTS, FORM 1023, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PRIOR PERIOD ADJUSTMENTS PART XI, LINE 8 CR ADOPTED ASC TOPIC, REVENUE FROM CONTRACTS WITH CUSTOMERS (ASC 606) WITH A DATE OF INITIAL APPLICATION OF JUNE 1, 2017 UTILIZING THE MODIFIED RETROSPECTIVE METHOD, BY RECOGNIZING THE CUMULATIVE EFFECT OF INITIALLY APPLYING ASC 606 TO THE OPENING NET ASSETS BALANCE AT JUNE 1, 2017. AS A RESULT, $17,388,000 OF DEFERRED PROMOTIONAL COSTS WAS WRITTEN OFF AS AN ADJUSTMENT TO NET ASSETS. OTHER CHANGES IN NET ASSETS OR FUND BALANCE PART XI, LINE 9 UNREALIZED GAIN INTEREST RATE SWAP $ 1,706,992 PENSION RELATED CHANGES $ 4,317,434 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT $ (430,085) ROUNDING $ 732 ----------------- TOTAL OTHER CHANGES IN NET ASSETS OR FUND BALANCES $ 5,595,073 CONSUMER MEDIA LLC 101 TRUMAN AVENUE YONKERS NY 10703 263886493 EDUCATION DE 0 6056 CR CONSUMERS UNION ACTION FUND 101 TRUMAN AVENUE YONKERS NY 10703 204780406 LOBBYING DE 501(C) (4) N/A CR true THE TRUMAN AVENUE FOUNDATION INC 101 TRUMAN AVENUE YONKERS NY 10703 205665599 R/E HOLDING DE 501(C) (3) 12-I CR true CHARITABLE REMAINDER TRUST (5) Annuity NY NA Trust true false false false false false false false false false false true false true true false false true false