Association For Consumer Research
- Assets
- $1.6m
- Revenue
- $565.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Duluth, MN
- Founding
- 11/1977
- Data as of
- 12/2021
- EIN
- 58-1300867
Organization Overview
Association For Consumer Research is located in Duluth, MN. The organization was established in 1977. 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 12/2021, Association For Consumer Research employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For Consumer Research 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 12/2021, Association For Consumer Research generated $565.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $351.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE CONSUMER RESEARCH AND EXCHANGE OF SCHOLARLY INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACR HOSTS AN ANNUAL ACR CONFERENCE EACH YEAR FOR ITS MEMBERS AND CO-SPONSORS AN INTERNATIONAL CONFERENCE THAT ROTATES BETWEEN EUROPE, ASIA-PACIFIC, AND LATIN AMERICA REGIONS EACH YEAR. ACR ALSO PUBLISHES ADVANCES IN CONSUMER RESEARCH, WHICH HIGHLIGHTS THE CUTTING-EDGE RESEARCH PRESENTED AT THESE CONFERENCES. STARTING IN 2008, WE HAVE ALSO ESTABLISHED A SMALL GRANT PROGRAM THAT SUPPORTS RESEARCH EFFORTS CONSISTENT WITH THE GOALS OF THE ORGANIZATION. ACR ADMINISTERS THE DISSERTATION AWARDS THAT ARE FUNDED BY THE SHETH FOUNDATION. THE ACR PUBLISHES THE JOURNAL OF THE ASSOCIATION FOR CONSUMER RESEARCH, A QUARTERLY PEER-REVIEWED JOURNAL PROVIDING THEMATIC EXPLORATIONS OF CONSUMER BEHAVIOR TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rajiv Vaidyanathan Executive Director | Officer | 40 | $50,754 |
June Cotte President | OfficerTrustee | 1 | $0 |
Rebecca Walker Reczek Treasurer | OfficerTrustee | 1 | $0 |
Stefano Puntoni International Director | Trustee | 1 | $0 |
Maura Scott Academic Industry Director | Trustee | 1 | $0 |
Nitika Garg At Large Director #2 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,500 |
| Total Program Service Revenue | $299,655 |
| Investment income | $78,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,709 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $565,441 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,500 |
| Grants and other assistance to domestic individuals. | $17,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $14,665 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,754 |
| Compensation of current officers, directors, key employees. | $12,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,643 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,717 |
| Advertising and promotion | $0 |
| Office expenses | $8,113 |
| Information technology | $2,460 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,324 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,643 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,000 |
| All other expenses | $0 |
| Total functional expenses | $351,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,249 |
| Savings and temporary cash investments | $56,880 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,207 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $908 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,266,932 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,569,176 |
| Accounts payable and accrued expenses | $10,364 |
| Grants payable | $0 |
| Deferred revenue | $188,476 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Total liabilities | $198,840 |
| Net assets without donor restrictions | $1,370,336 |
| Net assets with donor restrictions | $0 |
| 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 | $1,569,176 |
Grants Awarded
Over the last fiscal year, Association For Consumer Research has awarded $16,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Montvale, NJ PURPOSE: Increase diversity of business school faculty | $10,000 |
Milwaukee, WI PURPOSE: Provide food to people in need | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Association For Consumer Research has recieved totaling $172,715.
| Awarding Organization | Amount |
|---|---|
Jagdish And Madhuri Sheth Education Foundation Atlanta, GA PURPOSE: NICOSIA BEST PAPER; LTC AWARD; DISSERTATION AWARDS | $172,715 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Iowa Power Cooperative Le Mars, IA | $209,144,882 | $97,805,529 |
Minnesota Valley Electric Cooperative Jordan, MN | $225,562,606 | $97,633,848 |
Veterans Of Foreign Wars Of The United States Kansas City, MO | $242,275,685 | $98,113,411 |
Sioux Valley-Southwestern Electric Cooperative Inc Colman, SD | $299,619,509 | $95,033,427 |
Lake Country Power Cohasset, MN | $343,138,601 | $92,478,659 |
Northeast Missouri Electric Power Cooperative Palmyra, MO | $173,630,221 | $92,260,519 |
Credit Unions Chartered In The State Of Michigan Auburn Hills, MI | $4,033,381,478 | $172,897,608 |
Credit Unions Chartered In The State Of Michigan Clinton Township, MI | $2,777,350,124 | $112,129,376 |
Southeastern Illinois Electric Carrier Mills, IL | $211,832,578 | $85,978,289 |
Credit Unions Chartered In The State Of Michigan Kalamazoo, MI | $2,694,606,066 | $117,215,527 |
Corn Belt Electric Cooperative Inc Bloomington, IL | $225,280,163 | $84,317,914 |
Crow Wing Cooperative Power & Light Company Brainerd, MN | $238,884,299 | $79,431,443 |