Consumer Reports Inc
- Assets
- $462.1m
- Revenue
- $249.7m
- Investments
- $0.0
- Employees
- 673
- Location
- Yonkers, NY
- Founding
- 04/1984
- Data as of
- 05/2023
- EIN
- 13-1776434
Organization Overview
Consumer Reports Inc, operating under the name Consumer Reports, is located in Yonkers, NY. The organization was established in 1984. According to its NTEE Classification (W90) the organization is classified as: Consumer Protection, under the broad grouping of Public & Societal Benefit and related organizations. As of 05/2023, Consumer Reports employed 673 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consumer Reports is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, Consumer Reports generated $249.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $253.9m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Consumer Reports has awarded 32 individual grants totaling $1,683,375. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE 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.
Describe the Organization's Program Activity:
CONSUMER INFORMATION, PRODUCT INFORMATION: SEE SCHEDULE O FORADDITIONAL INFORMATION.
EDUCATION PROGRAMS, HEALTH INFORMATION AND SAFETY: SEESCHEDULE O FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marta L Tellado President & CEO | OfficerTrustee | 45 | $853,636 |
Katherine Maher Director Thru - 10/19/22 | Trustee | 2 | $0 |
Annette Lovoi Director Thru 10/19/22 | Trustee | 2 | $0 |
Jameson Kelleher Director | Trustee | 2 | $0 |
Stephen P Hoover Vice Chair - As Of 10/21/22 | Trustee | 2 | $0 |
Joanne Hovis Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Google Inc Search Engine Marketing | 5/30/23 | $14,545,004 |
Quad Graphics Printing | 5/30/23 | $5,316,188 |
Diamond Communications Fulfillment Services | 5/30/23 | $5,029,113 |
Telerx Marketing Inc Marketing | 5/30/23 | $4,195,911 |
Acxiom Corporation Information Technology Service | 5/30/23 | $3,275,088 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,752 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,848,831 |
| Noncash contributions included in lines 1a–1f | $64,345 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,905,583 |
| Total Program Service Revenue | $213,019,967 |
| Investment income | $3,072,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $510,602 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $167,384 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $249,675,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,651,586 |
| Compensation of current officers, directors, key employees. | $2,471,937 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $80,075,640 |
| Pension plan accruals and contributions | $7,999,422 |
| Other employee benefits | $12,175,741 |
| Payroll taxes | $5,935,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $415,478 |
| Fees for services: Accounting | $642,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $205,752 |
| Fees for services: Investment Management | $430,318 |
| Fees for services: Other | $13,807,602 |
| Advertising and promotion | $29,088,404 |
| Office expenses | $766,001 |
| Information technology | $6,917,826 |
| Royalties | $0 |
| Occupancy | $3,313,975 |
| Travel | $692,453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $254,695 |
| Interest | $1,135,268 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,952,533 |
| Insurance | $1,367,802 |
| All other expenses | $11,653,281 |
| Total functional expenses | $253,939,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,036,601 |
| Savings and temporary cash investments | $17,391,744 |
| Pledges and grants receivable | $2,499,378 |
| Accounts receivable, net | $6,850,437 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,607,972 |
| Prepaid expenses and deferred charges | $8,323,739 |
| Net Land, buildings, and equipment | $53,426,063 |
| Investments—publicly traded securities | $361,329,959 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,645,980 |
| Total assets | $462,111,873 |
| Accounts payable and accrued expenses | $23,580,399 |
| Grants payable | $0 |
| Deferred revenue | $104,736,696 |
| Tax-exempt bond liabilities | $30,615,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,239,851 |
| Total liabilities | $182,171,946 |
| Net assets without donor restrictions | $272,554,032 |
| Net assets with donor restrictions | $7,385,895 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $462,111,873 |
Grants Awarded
Over the last fiscal year, Consumer Reports Inc has awarded $242,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY PURPOSE: ARCHIVES PROJECT | $80,000 |
THE NEW SCHOOL PURPOSE: PRIVACY INTITIVE RESEARCH | $50,000 |
UNIVERSITY OF WASHINGTON PURPOSE: PRIVACY INTITIVE RESEARCH | $50,000 |
NEW YORK UNIVERSITY PURPOSE: PRIVACY INTITIVE RESEARCH | $50,000 |
DELTA INTERFAITH PURPOSE: BROADBAND COMMUNITY SUPPORT | $6,000 |
TECHNOLOGY ALLIANCE GROUP NW WASHINGTON PURPOSE: BROADBAND COMMUNITY SUPPORT | $6,000 |