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Nonprofiteer
← CONSUMER REPORTS INC

Form 990 for tax year 2024

Filed by CONSUMER REPORTS INC.

Totals

Total revenue
$267,234,420
Total expenses
$244,657,192
Contributions and grants received
$38,838,385
Grants paid
$11,500
Program service revenue
$208,122,826
Investment income
$19,975,624
Other revenue
$297,585
Total assets, end of year
$474,492,695
Total liabilities, end of year
$143,126,533
Net assets or fund balances, end of year
$331,366,162
Program services expenses (Part IX)
$209,738,279
Management and general expenses
$24,281,196
Fundraising expenses
$10,637,717
Program service expenses (Part III)
$209,738,279

Program services were 85.7% 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.

  • 1e · Government grants (contributions)

    $217,273

  • 1f · All other contributions, gifts and grants

    $38,621,112

  • 1g · Noncash contributions included above

    $41,562

  • 2a · Program service revenue: ONLINE SUBSCRIP. SALES

    total $121,740,581 · related or exempt $109,966,464 · unrelated business $11,774,117

  • 2b · Program service revenue: SUBSCRIP., NEWSSTAND

    total $81,259,884 · related or exempt $81,259,884

  • 2c · Program service revenue: DATA INTELLIGENCE

    total $5,032,361 · related or exempt $3,047,499 · unrelated business $1,984,862

  • 2d · Program service revenue: TESTING REVENUE

    total $90,000 · related or exempt $90,000

  • 3 · Investment income

    total $4,615,661 · excluded $4,615,661

  • 5 · Royalties

    total $297,585 · excluded $297,585

  • 7a · Gross sales of assets other than inventory

    securities $22,680,981

  • 7b · Less cost or other basis and sales expenses

    securities $7,321,018

  • 7c · Gain or loss

    securities $15,359,963

  • 7d · Net gain or loss

    total $15,359,963 · excluded $15,359,963

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,500 · program services $11,500

  • 5 · Compensation of officers, directors and key employees

    total $4,770,709 · program services $2,155,495 · management and general $2,615,214

  • 7 · Other salaries and wages

    total $79,750,400 · program services $69,333,558 · management and general $8,325,806 · fundraising $2,091,036

  • 8 · Pension plan contributions

    total $7,468,740 · program services $6,599,823 · management and general $664,583 · fundraising $204,334

  • 9 · Other employee benefits

    total $12,212,687 · program services $10,683,774 · management and general $1,202,072 · fundraising $326,841

  • 10 · Payroll taxes

    total $6,284,138 · program services $5,463,316 · management and general $656,053 · fundraising $164,769

  • 11b · Fees: legal

    total $2,938,004 · management and general $2,923,943 · fundraising $14,061

  • 11c · Fees: accounting

    total $443,500 · management and general $443,500

  • 11e · Fees: professional fundraising services

    total $141,889 · fundraising $141,889

  • 11f · Fees: investment management

    total $566,003 · management and general $566,003

  • 11g · Fees: other

    total $13,489,864 · program services $11,736,153 · management and general $1,735,792 · fundraising $17,919

  • 12 · Advertising and promotion

    total $33,666,598 · program services $33,242,540 · management and general $41,679 · fundraising $382,379

  • 13 · Office expenses

    total $702,708 · program services $605,143 · management and general $89,828 · fundraising $7,737

  • 14 · Information technology

    total $8,037,079 · program services $6,379,089 · management and general $1,591,008 · fundraising $66,982

  • 16 · Occupancy

    total $2,839,089 · program services $2,376,328 · management and general $456,522 · fundraising $6,239

  • 17 · Travel

    total $974,413 · program services $842,098 · management and general $119,720 · fundraising $12,595

  • 19 · Conferences, conventions and meetings

    total $360,062 · program services $240,405 · management and general $100,181 · fundraising $19,476

  • 20 · Interest

    total $95,419 · management and general $95,419

  • 22 · Depreciation, depletion and amortization

    total $12,973,929 · program services $12,590,763 · management and general $359,059 · fundraising $24,107

  • 23 · Insurance

    total $1,414,938 · management and general $1,414,938

  • 24a · Other expenses: POSTAGE AND SHIPPING

    total $19,301,385 · program services $15,610,375 · management and general $2,721 · fundraising $3,688,289

  • 24b · Other expenses: ORDER PROCESSING

    total $10,976,081 · program services $9,555,492 · management and general $39,447 · fundraising $1,381,142

  • 24c · Other expenses: PRINTING & PUBLICATION

    total $10,614,251 · program services $8,762,627 · management and general $305 · fundraising $1,851,319

  • 24d · Other expenses: PRODUCT TESTING

    total $4,057,736 · program services $4,057,736

  • 24e · All other expenses

    total $10,566,070 · program services $9,492,064 · management and general $837,403 · fundraising $236,603

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $826,486 · end of year $1,410,060

  • 2 · Savings and temporary cash investments

    beginning of year $38,873,223 · end of year $28,575,035

  • 3 · Pledges and grants receivable

    beginning of year $1,693,213 · end of year $2,536,215

  • 4 · Accounts receivable

    beginning of year $10,858,879 · end of year $8,474,171

  • 8 · Inventories for sale or use

    beginning of year $4,509,194 · end of year $3,571,640

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,743,111 · end of year $7,626,027

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

    $274,925,511

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

    $224,608,197

  • 10c · Land, buildings and equipment, net

    beginning of year $47,714,737 · end of year $50,317,314

  • 11 · Investments: publicly traded securities

    beginning of year $319,850,847 · end of year $329,865,253

  • 12 · Investments: other securities

    beginning of year $32,429,944 · end of year $33,871,815

  • 15 · Other assets

    beginning of year $8,042,673 · end of year $8,245,165

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,439,716 · end of year $24,369,912

  • 19 · Deferred revenue

    beginning of year $104,063,249 · end of year $100,015,065

  • 20 · Tax-exempt bond liabilities

    beginning of year $28,905,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $19,065,422 · end of year $18,741,556

  • 27 · Net assets without donor restrictions

    beginning of year $294,220,679 · end of year $325,592,141

  • 28 · Net assets with donor restrictions

    beginning of year $2,848,241 · end of year $5,774,021

Mission and programs · 2024

Mission

WE ARE AN INDEPENDENT, NONPROFIT MEMBER ORGANIZATION THAT WORKS SIDE BY SIDE WITH CONSUMERS FOR TRUTH, TRANSPARENCY, AND FAIRNESS IN THE MARKETPLACE.

Activities or mission (Part I)

WE ARE AN INDEPENDENT, NONPROFIT MEMBER ORGANIZATION THAT WORKS SIDE BY SIDE WITH CONSUMERS. SEE SCHEDULE O.WE ARE AN INDEPENDENT, NONPROFIT MEMBER ORGANIZATION THAT WORKS SIDE BY SIDE WITH CONSUMERS FOR TRUTH, TRANSPARENCY, AND FAIRNESS IN THE MARKETPLACE.

  • CONSUMER INFORMATION, PRODUCT INFORMATION: SEE SCHEDULE O FORADDITIONAL INFORMATION.

    Expenses $197,517,446 · Grants $11,500 · Revenue $208,122,826

  • EDUCATION PROGRAMS, HEALTH INFORMATION AND SAFETY: SEESCHEDULE O FOR ADDITIONAL INFORMATION.

    Expenses $12,220,833

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sonal Shah

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Ellen Taus

    CHAIR (THRU 12/18/24)

    Total calculated
    $0
    Hours/week
    2
  • Russell G Noles

    VICE CHAIR (THRU 12/9/24)

    Total calculated
    $0
    Hours/week
    2
  • Joaquin Alvarado

    DIRECTOR (THRU 12/31/24)

    Total calculated
    $0
    Hours/week
    2
  • Millie Chu Baird

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Deborah A Cowan

    DIRECTOR (THRU 10/16/24)

    Total calculated
    $0
    Hours/week
    2
  • Stephen P Hoover

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Joanne Hovis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jameson Kelleher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Katherine Maher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Willie E May

    DIRECTOR (THRU 1/1/25)

    Total calculated
    $0
    Hours/week
    2
  • Ivan Rosales

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Calvin Sims

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Taren Stinebrickner-Kauffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Astrid Vermeer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • David Wan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Marta L Tellado

    PRESIDENT & CEO (THRU 12/31/24)

    Total calculated
    $924,476
    From this org
    $887,044
    From related orgs
    $0
    Other
    $37,432
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $825,837
    Bonus
    $0
    Other
    $61,207
    Deferred
    $34,500
    Nontaxable benefits
    $2,932
    Filer's total
    $924,476
  • Eric Wayne

    SVP, CFO

    Total calculated
    $562,826
    From this org
    $483,340
    From related orgs
    $0
    Other
    $79,486
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $464,856
    Bonus
    $0
    Other
    $18,484
    Deferred
    $34,500
    Nontaxable benefits
    $44,986
    Filer's total
    $562,826
  • Phil Radford

    PRESIDENT & CEO (AS OF 2/3/25)

    Total calculated
    $0
    Hours/week
    45
  • Lauren Stanich

    SVP, CHIEF GROWTH OFFICER

    Total calculated
    $571,791
    From this org
    $495,044
    From related orgs
    $0
    Other
    $76,747
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $476,444
    Bonus
    $0
    Other
    $18,600
    Deferred
    $31,912
    Nontaxable benefits
    $44,835
    Filer's total
    $571,791
  • Michael Hubner

    VP, GENERAL COUNSEL

    Total calculated
    $527,285
    From this org
    $489,852
    From related orgs
    $0
    Other
    $37,433
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $473,542
    Bonus
    $0
    Other
    $16,310
    Deferred
    $34,500
    Nontaxable benefits
    $2,933
    Filer's total
    $527,285
  • Jessica Freireich

    SVP, CHIEF STRATEGY OFFICER

    Total calculated
    $494,143
    From this org
    $416,578
    From related orgs
    $0
    Other
    $77,565
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $361,935
    Bonus
    $13,041
    Other
    $41,602
    Deferred
    $34,500
    Nontaxable benefits
    $43,065
    Filer's total
    $494,143
  • Esther Han

    VP, CHIEF VENTURES OFFICER

    Total calculated
    $474,136
    From this org
    $409,601
    From related orgs
    $0
    Other
    $64,535
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $383,655
    Bonus
    $3,500
    Other
    $22,446
    Deferred
    $31,900
    Nontaxable benefits
    $32,635
    Filer's total
    $474,136
  • Sharee McKenzie

    VP, CHIEF SOCIAL IMPACT OFC. (THRU 8/16/24)

    Total calculated
    $433,253
    From this org
    $406,884
    From related orgs
    $0
    Other
    $26,369
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $226,067
    Bonus
    $0
    Other
    $180,817
    Deferred
    $23,082
    Nontaxable benefits
    $3,287
    Filer's total
    $433,253
  • Yana Bula

    VP, CHIEF EXPERIENCE OFFICER

    Total calculated
    $428,166
    From this org
    $385,459
    From related orgs
    $0
    Other
    $42,707
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $378,527
    Bonus
    $5,000
    Other
    $1,932
    Deferred
    $26,443
    Nontaxable benefits
    $16,264
    Filer's total
    $428,166
  • Genea Bell

    VP, CHIEF PEOPLE OFFICER

    Total calculated
    $415,246
    From this org
    $367,132
    From related orgs
    $0
    Other
    $48,114
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $365,182
    Bonus
    $0
    Other
    $1,950
    Deferred
    $33,108
    Nontaxable benefits
    $15,006
    Filer's total
    $415,246
  • Ripa Rashid

    CHIEF D&I OFC. (THRU 11/1/24)

    Total calculated
    $283,906
    From this org
    $247,023
    From related orgs
    $0
    Other
    $36,883
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $237,488
    Bonus
    $0
    Other
    $9,535
    Deferred
    $6,832
    Nontaxable benefits
    $30,051
    Filer's total
    $283,906
  • Heath Grayson

    CHIEF PRIVACY OFFICER & DEPUTY GENERAL COUNSEL

    Total calculated
    $422,829
    From this org
    $357,480
    From related orgs
    $0
    Other
    $65,349
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $335,022
    Bonus
    $16,000
    Other
    $6,458
    Deferred
    $33,297
    Nontaxable benefits
    $32,052
    Filer's total
    $422,829
  • Lilian Kayizzi

    VP, TESTING, RESEARCH & INSIGHTS

    Total calculated
    $384,394
    From this org
    $347,544
    From related orgs
    $0
    Other
    $36,850
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $333,624
    Bonus
    $10,000
    Other
    $3,920
    Deferred
    $31,795
    Nontaxable benefits
    $5,055
    Filer's total
    $384,394
  • Corinne Osborn

    SR DIR LABOR & EMPL RELS

    Total calculated
    $415,448
    From this org
    $347,099
    From related orgs
    $0
    Other
    $68,349
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $322,190
    Bonus
    $20,000
    Other
    $4,909
    Deferred
    $34,189
    Nontaxable benefits
    $34,160
    Filer's total
    $415,448
  • Jennifer Shecter

    VP, CHIEF CONTENT OFFICER

    Total calculated
    $413,953
    From this org
    $340,288
    From related orgs
    $0
    Other
    $73,665
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $307,781
    Bonus
    $6,000
    Other
    $26,507
    Deferred
    $32,101
    Nontaxable benefits
    $41,564
    Filer's total
    $413,953
  • Benjamin Moskowitz

    VP, INNOVATION LAB

    Total calculated
    $385,190
    From this org
    $336,550
    From related orgs
    $0
    Other
    $48,640
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $334,101
    Bonus
    $0
    Other
    $2,449
    Deferred
    $33,674
    Nontaxable benefits
    $14,966
    Filer's total
    $385,190

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
DURING THE YEAR, SHAREE MCKENZIE RECEIVED SEVERANCE PAYMENTS TOTALING $171,585.
PART I, LINE 7
JESSICA FREIREICH, ESTHER HAN, HEATH GRAYSON, CORINNE OSBORN, JENNIFER SHECTER, YANA BULVA, AND LILIAN KAYIZZI RECEIVED DISCRETIONARY BONUS COMPENSATION IN CALENDAR YEAR 2024. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN B (III).

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (2)

    T · ANNUITY · NY · controlled entity

Provenance

Return type
form_990
Tax year
2024
Filed
18 March 2026
IRS schema version
2024v5.5
Source object
202610789349300336

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