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← CONSUMERS RESEARCH INC

Form 990 for tax year 2022

Filed by CONSUMERS RESEARCH INC.

Totals

Total revenue
$10,423,274
Total expenses
$8,515,562
Contributions and grants received
$10,422,125
Grants paid
$1,370,000
Program service revenue
$0
Investment income
$611
Other revenue
$538
Total assets, end of year
$2,731,806
Total liabilities, end of year
$390,730
Net assets or fund balances, end of year
$2,341,076
Program services expenses (Part IX)
$7,634,266
Management and general expenses
$439,141
Fundraising expenses
$442,155
Program service expenses (Part III)
$7,634,266

Program services were 89.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $10,422,125

  • 3 · Investment income

    total $611 · excluded $611

  • 11a · Other revenue: Other

    total $538 · related or exempt $538

  • 11e · Other revenue, total

    $538

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,370,000 · program services $1,370,000

  • 5 · Compensation of officers, directors and key employees

    total $547,447 · program services $403,529 · management and general $84,629 · fundraising $59,289

  • 7 · Other salaries and wages

    total $146,195 · program services $45,643 · management and general $51,480 · fundraising $49,072

  • 8 · Pension plan contributions

    total $6,294 · management and general $6,294

  • 9 · Other employee benefits

    total $77,629 · management and general $77,629

  • 10 · Payroll taxes

    total $52,448 · management and general $52,448

  • 11b · Fees: legal

    total $3,104,274 · program services $3,026,229 · management and general $78,045

  • 11c · Fees: accounting

    total $62,650 · management and general $62,650

  • 11g · Fees: other

    total $80,862 · program services $9,100 · fundraising $71,762

  • 12 · Advertising and promotion

    total $593,502 · program services $347,825 · fundraising $245,677

  • 13 · Office expenses

    total $15,703 · program services $1,100 · management and general $7,434 · fundraising $7,169

  • 14 · Information technology

    total $20,020 · program services $14,147 · management and general $5,873

  • 16 · Occupancy

    total $3,055 · management and general $3,055

  • 17 · Travel

    total $62,563 · program services $62,563

  • 19 · Conferences, conventions and meetings

    total $14,475 · program services $14,475

  • 22 · Depreciation, depletion and amortization

    total $700 · management and general $700

  • 23 · Insurance

    total $3,024 · management and general $3,024

  • 24a · Other expenses: Media Campaign

    total $2,337,627 · program services $2,337,627

  • 24b · Other expenses: Shipping and Delivery

    total $6,753 · program services $87 · management and general $134 · fundraising $6,532

  • 24c · Other expenses: Merchant and Bank Fees

    total $5,750 · management and general $5,358 · fundraising $392

  • 24d · Other expenses: Taxes and Registration Fees

    total $2,590 · management and general $328 · fundraising $2,262

  • 24e · All other expenses

    total $2,001 · program services $1,941 · management and general $60

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $432,309 · end of year $1,865,932

  • 2 · Savings and temporary cash investments

    beginning of year $193,370 · end of year $699,483

  • 6 · Loans and receivables from disqualified persons

    beginning of year $165,000 · end of year $135,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,691 · end of year $19,242

  • 10a · Land, buildings and equipment: cost or other basis

    $11,536

  • 10b · Land, buildings and equipment: accumulated depreciation

    $700

  • 10c · Land, buildings and equipment, net

    end of year $10,836

  • 15 · Other assets

    beginning of year $1,313 · end of year $1,313

  • 17 · Accounts payable and accrued expenses

    beginning of year $367,302 · end of year $390,730

  • 27 · Net assets without donor restrictions

    beginning of year $431,381 · end of year $2,341,076

Mission and programs · 2022

Mission

Consumers Research is an independent educational organization whose mission is to increase the knowledge and understanding of issues, policies, products, and services of concern to consumers and to promote the freedom to act on that knowledge and understanding.

  • Consumer Education: Consumers Research believes that the safest consumer is an educated, savvy consumer. We regularly operate multi-channel consumer education campaigns to provide useful, actionable information consumers as they make decisions in the marketplace.

    Expenses $4,860,433 · Grants $1,370,000

  • Research: Organization performs research, maintains a news website, provides regulatory comments and speaks on the radio to increase knowledge and understanding of issues, policies, products, and services of concern to consumers and to promote the freedom to act on that knowledge and understanding.

    Expenses $2,459,529

  • Magazine: Organization publishes a magazine to increase knowledge and understanding of issues, policies, products, and services of concern to consumers and to promote the freedom to act on that knowledge and understanding.

    Expenses $253,880

  • Conferences: Organization hosts and participates in both in-person and on-line conferences, meetings and webinars bringing together policy and legal experts as well as members of industry on a range of consumer issues from digital economy to financial services with a focus on protecting consumers.

    Expenses $60,424

As filed on the 2022 return.

Listed in Part VII

  • Will Hild

    Executive Director

    Total calculated
    $259,502
    From this org
    $237,154
    From related orgs
    $0
    Other
    $22,348
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,154
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $22,348
    Filer's total
    $259,502

  • Beau Brunson

    Dir of Policy & Regulatory Af

    Total calculated
    $184,381
    From this org
    $151,292
    From related orgs
    $0
    Other
    $33,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,192
    Bonus
    $11,100
    Other
    not reported
    Deferred
    $4,296
    Nontaxable benefits
    $28,793
    Filer's total
    $184,381

  • John Meyer

    Senior Researcher

    Total calculated
    $135,000
    From this org
    $135,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Terry L Pricket

    Director

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Russell Outhuse

    President

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349326020

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