Consumer Reports INC: Nonprofit Profile, Financials & Form 990 (EIN 13-1776434)

Revenue by fiscal year
FY2020	$250.1M
FY2021	$275.6M
FY2022	$288.8M
FY2023	$249.7M
FY2024	$266.1M
FY2025	$267.2M

Expenses by fiscal year
FY2020	$235.0M
FY2021	$239.1M
FY2022	$250.5M
FY2023	$253.9M
FY2024	$264.4M
FY2025	$244.7M

Net assets by fiscal year
FY2020	$177.3M
FY2021	$289.1M
FY2022	$290.5M
FY2023	$279.9M
FY2024	$297.1M
FY2025	$331.4M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

86%

Program services 86% · $209.7M Management & general 10% · $24.3M Fundraising 4% · $10.6M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

32 people listed on the 990; $6.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Marta L Tellado

President & CEO (thru 12/31/24)

$887,044Pt VII · Sec A

Lauren Stanich

SVP, Chief Growth Officer

$495,044Pt VII · Sec A

Michael Hubner

VP, General Counsel

$489,852Pt VII · Sec A

Eric Wayne

SVP, CFO

$483,340Pt VII · Sec A

Jessica Freireich

SVP, Chief Strategy Officer

$416,578Pt VII · Sec A

Esther Han

VP, Chief Ventures Officer

$409,601Pt VII · Sec A

Sharee McKenzie

VP, Chief Social Impact Ofc. (thru 8/16/24)

$406,884Pt VII · Sec A

Yana Bula

VP, Chief Experience Officer

$385,459Pt VII · Sec A

Marta L Tellado’s $887K as President & CEO (thru 12/31/24) is at the 58th percentile of top reported officer pay among 59 $100M+ public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Marta L Tellado	$887,044	$930,195	$853,636	$819,666	$762,624	$766,969
Leonora Wiener	—	—	—	$532,620	$504,384	$476,289
Lauren Stanich	$495,044	$478,807	$441,285	$406,920	$383,937	—
Michael Hubner	$489,852	$483,781	$457,693	$446,814	$433,339	$415,991
Eric Wayne	$483,340	$482,702	$469,612	$444,196	$385,806	$383,750
Gwendolyn Bounds	—	—	—	$445,630	$403,343	$392,901
Jason Fox	—	—	$443,196	$433,784	$414,194	$411,224
Jessica Freireich	$416,578	$434,922	$399,674	—	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for truth, transparency, and fairness in the marketplace, working directly with consumers.

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2 programs · $209.7M · in their own filed words · FY2024

01

Consumer Information, Product Information

See schedule o foradditional information.

$197.5Mprogram expense

02

Education Programs, Health Information and Safety

Seeschedule o for additional information.

$12.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

T Rowe Price Program for Charitable Giving INCFY2025$8K

R Michael Tanner Irrv Charitable Tr 032391FY2025$250

Gardiner Adams FoundationFY2025$100

Currie Family FoundationFY2025$15

Total grants receivedfrom 4 funders$8K

See all 4 funders →

Grants paid · 16 grants · $667K · 2019–2024

Duke UniversityNC · FY2024$10,000

Duke UniversityNC · FY2023$10,000

Duke UniversityNC · FY2022$10,000

Duke UniversityNC · FY2021$80,000

New York UniversityNY · FY2021$50,000

University of WashingtonFY2021$50,000

The New SchoolNY · FY2021$50,000

Delta InterfaithLA · FY2021$6,000

Technology Alliance Group for Northwest WashingtonWA · FY2021$6,000

Duke UniversityNC · FY2020$80,000

New York UniversityNY · FY2020$50,000

The Center for Auto Safety INCDC · FY2020$10,000

Duke UniversityNC · FY2019$125,000

Consumer Federation of America INCDC · FY2019$80,000

United States Public Interest Research Group Education Fund INCCO · FY2019$25,000

Consumer Federation of America INCDC · FY2019$25,000

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$267.2M

Ln 12

Fees for servicesLn 2g$208.1M

Gifts and grantsLn 1h$38.8M

Investment incomeLn 3$20.0M

Money outPt IX

$244.7M

Ln 25

Programscol B$209.7M

Managementcol C$24.3M

Fundraisingcol D$10.6M

Owns and owesPt X

$331.4M

net assets · Ln 32

Cash and savingsLn 1–2$30.0M

Total assetsLn 16$474.5M

LiabilitiesLn 26$143.1M

PeoplePt VI, VII

32

listed · VII A

PaidVII A15

Voting boardVI 1a11

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$38.8M

Government grantsLn 1e$217K

Noncash giftsLn 1g$42K

Fees for servicesLn 2g$208.1M

Investment incomeLn 3$20.0M

Other incomeLn 4–11$298K

Gains on assetsLn 7$15.4M

Total revenueLn 12$267.2M

Assets in detailPt X, end of year

CashLn 1$1.4M

SavingsLn 2$28.6M

Cash and savings togetherLn 1–2$30.0M

InvestmentsLn 11–13$363.7M

Land, buildings, equipmentLn 10c$50.3M

Other assetsLn 15$8.2M

Total assetsLn 16$474.5M

LiabilitiesLn 26$143.1M

Net assetsLn 32$331.4M

OperationsPt I, VI

EmployeesI 5635

VolunteersI 619

Fiscal year endsHeaderMay

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$39.7M	$30.0M
InvestmentsLn 11–13	$352.3M	$363.7M
Land, buildings, equipmentLn 10c	$47.7M	$50.3M
Total assetsLn 16	$473.5M	$474.5M
LiabilitiesLn 26	$176.5M	$143.1M
Net assetsLn 32	$297.1M	$331.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$12K	$12K
Pay of current officers, directors and key staffLn 5	$4.8M	$2.2M	$2.6M
Other salaries and wagesLn 7	$79.8M	$69.3M	$8.3M	$2.1M
Pension plan contributionsLn 8	$7.5M	$6.6M	$665K	$204K
Other employee benefitsLn 9	$12.2M	$10.7M	$1.2M	$327K
Payroll taxesLn 10	$6.3M	$5.5M	$656K	$165K
Legal feesLn 11b	$2.9M		$2.9M	$14K
Accounting feesLn 11c	$444K		$444K
Professional fundraising feesLn 11e	$142K			$142K
Investment management feesLn 11f	$566K		$566K
Other fees for servicesLn 11g	$13.5M	$11.7M	$1.7M	$18K
Advertising and promotionLn 12	$33.7M	$33.2M	$42K	$382K
Office expensesLn 13	$703K	$605K	$90K	$8K
Information technologyLn 14	$8.0M	$6.4M	$1.6M	$67K
OccupancyLn 16	$2.8M	$2.4M	$457K	$6K
TravelLn 17	$974K	$842K	$120K	$13K
Conferences, conventions and meetingsLn 19	$360K	$240K	$100K	$19K
InterestLn 20	$95K		$95K
Depreciation, depletion and amortizationLn 22	$13.0M	$12.6M	$359K	$24K
InsuranceLn 23	$1.4M		$1.4M
Other expenses (24a–d)Ln 24	$44.9M	$38.0M	$42K	$6.9M
All other expensesLn 24e	$10.6M	$9.5M	$837K	$237K
Total functional expensesLn 25	$244.7M	$209.7M	$24.3M	$10.6M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$267.2M	$244.7M	$22.6M	$331.4M	990 PDF
FY2024	$266.1M	$264.4M	$1.7M	$297.1M	990 PDF
FY2023	$249.7M	$253.9M	−$4.3M	$279.9M	990 PDF
FY2022	$288.8M	$250.5M	$38.3M	$290.5M	990 PDF
FY2021	$275.6M	$239.1M	$36.5M	$289.1M	990 PDF
FY2020	$250.1M	$235.0M	$15.2M	$177.3M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2025 990 (6 parts)

Part I · Summary $267,234,420 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $32,092,864$38,838,385

I-9 Program service revenuePrior year $209,381,249$208,122,826

I-10 Investment incomePrior year $24,183,632$19,975,624

I-11 Other revenuePrior year $485,360$297,585

I-12 Total revenuePrior year $266,143,105$267,234,420

I-13 Grants and similar amounts paidPrior year $10,000$11,500

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $120,002,560$110,486,674

I-16a Professional fundraising feesPrior year $154,822$141,889

I-17 Other expensesPrior year $144,255,812$134,017,129

I-18 Total expensesPrior year $264,423,194$244,657,192

I-19 Revenue less expensesPrior year $1,719,911$22,577,228

Part VI · Governance 11 of 11 board members independent, no flags

VI-1a Voting members of the governing body11

VI-1b Independent voting members11

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $267,234,420 across 9 lines filed

VIII-1e Government grants$217,273

VIII-1f All other contributions, gifts and grants$38,621,112

VIII-1g Noncash contributions (included above)$41,562

VIII-1h Total contributions, gifts and grants$38,838,385

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $194,363,847 · Unrelated business $13,758,979$208,122,826

VIII-3 Investment incomeExcluded from tax $4,615,661$4,615,661

VIII-5 RoyaltiesExcluded from tax $297,585$297,585

VIII-7 Net gain or loss on sales of assetsExcluded from tax $15,359,963$15,359,963

VIII-12 Total revenueRelated to mission $194,363,847 · Unrelated business $13,758,979 · Excluded from tax $20,273,209$267,234,420

Part IX · Statement of functional expenses $244,657,192 across 22 lines filed

IX-1 Grants to domestic organizationsPrograms $11,500$11,500

IX-5 Pay of current officers, directors and key staffPrograms $2,155,495 · Management $2,615,214$4,770,709

IX-7 Other salaries and wagesPrograms $69,333,558 · Management $8,325,806 · Fundraising $2,091,036$79,750,400

IX-8 Pension plan contributionsPrograms $6,599,823 · Management $664,583 · Fundraising $204,334$7,468,740

IX-9 Other employee benefitsPrograms $10,683,774 · Management $1,202,072 · Fundraising $326,841$12,212,687

IX-10 Payroll taxesPrograms $5,463,316 · Management $656,053 · Fundraising $164,769$6,284,138

IX-11b Legal feesManagement $2,923,943 · Fundraising $14,061$2,938,004

IX-11c Accounting feesManagement $443,500$443,500

IX-11e Professional fundraising feesFundraising $141,889$141,889

IX-11f Investment management feesManagement $566,003$566,003

IX-11g Other fees for servicesPrograms $11,736,153 · Management $1,735,792 · Fundraising $17,919$13,489,864

IX-12 Advertising and promotionPrograms $33,242,540 · Management $41,679 · Fundraising $382,379$33,666,598

IX-13 Office expensesPrograms $605,143 · Management $89,828 · Fundraising $7,737$702,708

IX-14 Information technologyPrograms $6,379,089 · Management $1,591,008 · Fundraising $66,982$8,037,079

IX-16 OccupancyPrograms $2,376,328 · Management $456,522 · Fundraising $6,239$2,839,089

IX-17 TravelPrograms $842,098 · Management $119,720 · Fundraising $12,595$974,413

IX-19 Conferences, conventions and meetingsPrograms $240,405 · Management $100,181 · Fundraising $19,476$360,062

IX-20 InterestManagement $95,419$95,419

IX-22 Depreciation, depletion and amortizationPrograms $12,590,763 · Management $359,059 · Fundraising $24,107$12,973,929

IX-23 InsuranceManagement $1,414,938$1,414,938

IX-24 Other expenses (24a–d)Programs $37,986,230 · Management $42,473 · Fundraising $6,920,750$44,949,453

IX-24e All other expensesPrograms $9,492,064 · Management $837,403 · Fundraising $236,603$10,566,070

IX-25 Total functional expensesPrograms $209,738,279 · Management $24,281,196 · Fundraising $10,637,717$244,657,192

Part X · Balance sheet $474,492,695 assets, 20 lines filed

X-1 Cash, non-interest-bearingStart of year $826,486$1,410,060

X-2 Savings and temporary cash investmentsStart of year $38,873,223$28,575,035

X-3 Pledges and grants receivableStart of year $1,693,213$2,536,215

X-4 Accounts receivableStart of year $10,858,879$8,474,171

X-8 Inventories for sale or useStart of year $4,509,194$3,571,640

X-9 Prepaid expenses and deferred chargesStart of year $8,743,111$7,626,027

X-10c Land, buildings and equipment, netStart of year $47,714,737$50,317,314

X-11 Publicly traded securitiesStart of year $319,850,847$329,865,253

X-12 Other securitiesStart of year $32,429,944$33,871,815

X-15 Other assetsStart of year $8,042,673$8,245,165

X-16 Total assetsStart of year $473,542,307$474,492,695

X-17 Accounts payable and accrued expensesStart of year $24,439,716$24,369,912

X-19 Deferred revenueStart of year $104,063,249$100,015,065

X-20 Tax-exempt bond liabilitiesStart of year $28,905,000$0

X-25 Other liabilitiesStart of year $19,065,422$18,741,556

X-26 Total liabilitiesStart of year $176,473,387$143,126,533

X-27 Net assets without donor restrictionsStart of year $294,220,679$325,592,141

X-28 Net assets with donor restrictionsStart of year $2,848,241$5,774,021

X-32 Total net assets or fund balancesStart of year $297,068,920$331,366,162

X-33 Total liabilities and net assetsStart of year $473,542,307$474,492,695

Part XI · Reconciliation of net assets $331,366,162 net assets at year end

XI-1 Total revenue$267,234,420

XI-2 Total expenses$244,657,192

XI-3 Revenue less expenses$22,577,228

XI-4 Net assets at start of year$297,068,920

XI-5 Net unrealized gains (losses) on investments$12,456,689

XI-9 Other changes in net assets−$736,675

XI-10 Net assets at end of year$331,366,162

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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