Consumer Reports INC: FY2022 Nonprofit Profile & 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% · $215.9M Management & general 9% · $22.5M Fundraising 5% · $12.1M

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

33 people listed on the 990; $5.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII

Marta L Tellado

President & CEO

$819,666Pt VII · Sec A

Leonora Wiener

SR. VP & COO

$532,620Pt VII · Sec A

Michael Hubner

VP, General Counsel

$446,814Pt VII · Sec A

Gwendolyn Bounds

VP, Chief Content Officer

$445,630Pt VII · Sec A

Eric Wayne

SR. VP & CFO

$444,196Pt VII · Sec A

Jason Fox

VP, Chief Digital Officer

$433,784Pt VII · Sec A

Liam McCormack

VP, Research, Testing & Insights

$418,351Pt VII · Sec A

Lauren Stanich

VP, Chief Marketing Officer

$406,920Pt 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.

See Consumer Reports INC executive salaries →

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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.

Provided by the organization

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2 programs · $215.9M · in their own filed words · FY2021

01

Consumer information, product information. See schedule o foradditional information.

$199.8Mprogram expense

02

Education programs, health information and safety. Seeschedule o for additional information.

$16.2Mprogram 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 FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$288.8M

Ln 12

Fees for servicesLn 2g$222.3M

Gifts and grantsLn 1h$40.7M

Investment incomeLn 3$24.9M

Money outPt IX

$250.5M

Ln 25

Programscol B$215.9M

Managementcol C$22.5M

Fundraisingcol D$12.1M

Owns and owesPt X

$290.5M

net assets · Ln 32

Cash and savingsLn 1–2$44.1M

Total assetsLn 16$489.3M

LiabilitiesLn 26$198.8M

PeoplePt VI, VII

33

listed · VII A

PaidVII A14

Voting boardVI 1a18

IndependentVI 1b17

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$40.7M

Government grantsLn 1e$237K

Noncash giftsLn 1g$92K

Fees for servicesLn 2g$222.3M

Investment incomeLn 3$24.9M

Other incomeLn 4–11$874K

Gains on assetsLn 7$23.2M

Total revenueLn 12$288.8M

Assets in detailPt X, end of year

CashLn 1$793K

SavingsLn 2$43.3M

Cash and savings togetherLn 1–2$44.1M

InvestmentsLn 11–13$364.7M

Land, buildings, equipmentLn 10c$54.5M

Other assetsLn 15$7.1M

Total assetsLn 16$489.3M

LiabilitiesLn 26$198.8M

Net assetsLn 32$290.5M

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 FY22	End FY22
Cash and savingsLn 1–2	$53.6M	$44.1M
InvestmentsLn 11–13	$364.5M	$364.7M
Land, buildings, equipmentLn 10c	$57.4M	$54.5M
Total assetsLn 16	$503.3M	$489.3M
LiabilitiesLn 26	$214.2M	$198.8M
Net assetsLn 32	$289.1M	$290.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$255K	$255K
Pay of current officers, directors and key staffLn 5	$4.3M	$1.9M	$2.0M	$375K
Other salaries and wagesLn 7	$77.0M	$66.1M	$9.0M	$1.9M
Pension plan contributionsLn 8	$7.2M	$6.3M	$745K	$162K
Other employee benefitsLn 9	$11.1M	$9.6M	$1.2M	$270K
Payroll taxesLn 10	$5.8M	$4.9M	$672K	$146K
Legal feesLn 11b	$503K		$485K	$18K
Accounting feesLn 11c	$629K		$629K
Professional fundraising feesLn 11e	$181K			$181K
Investment management feesLn 11f	$451K		$451K
Other fees for servicesLn 11g	$10.7M	$9.2M	$1.5M	$15K
Advertising and promotionLn 12	$33.3M	$32.5M	$196K	$527K
Office expensesLn 13	$790K	$659K	$125K	$6K
Information technologyLn 14	$6.8M	$5.6M	$1.2M	$22K
OccupancyLn 16	$2.7M	$2.3M	$381K	$17K
TravelLn 17	$196K	$177K	$10K	$10K
Conferences, conventions and meetingsLn 19	$129K	$103K	$22K	$5K
InterestLn 20	$1.1M		$1.1M
Depreciation, depletion and amortizationLn 22	$15.4M	$14.9M	$496K	$27K
InsuranceLn 23	$1.3M		$1.3M
Other expenses (24a–d)Ln 24	$58.6M	$50.4M	$11K	$8.1M
All other expensesLn 24e	$12.1M	$11.0M	$903K	$185K
Total functional expensesLn 25	$250.5M	$215.9M	$22.5M	$12.1M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$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 Viewing	$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 FY2022 990 (6 parts)

Part I · Summary $288,765,703 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $36,061,646$40,666,041

I-9 Program service revenuePrior year $225,861,453$222,345,779

I-10 Investment incomePrior year $12,748,098$24,879,484

I-11 Other revenuePrior year $881,364$874,399

I-12 Total revenuePrior year $275,552,561$288,765,703

I-13 Grants and similar amounts paidPrior year $145,100$255,250

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

I-15 Salaries and benefitsPrior year $99,383,462$105,418,695

I-16a Professional fundraising feesPrior year $189,046$180,732

I-17 Other expensesPrior year $139,354,640$144,615,764

I-18 Total expensesPrior year $239,072,248$250,470,441

I-19 Revenue less expensesPrior year $36,480,313$38,295,262

Part VI · Governance 17 of 18 board members independent, no flags

VI-1a Voting members of the governing body18

VI-1b Independent voting members17

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 $288,765,703 across 10 lines filed

VIII-1e Government grants$237,185

VIII-1f All other contributions, gifts and grants$40,428,856

VIII-1g Noncash contributions (included above)$92,283

VIII-1h Total contributions, gifts and grants$40,666,041

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $210,491,381 · Unrelated business $11,854,398$222,345,779

VIII-3 Investment incomeExcluded from tax $1,704,192$1,704,192

VIII-5 RoyaltiesExcluded from tax $876,166$876,166

VIII-6 Net rental income or lossExcluded from tax −$1,767−$1,767

VIII-7 Net gain or loss on sales of assetsExcluded from tax $23,175,292$23,175,292

VIII-12 Total revenueRelated to mission $210,491,381 · Unrelated business $11,854,398 · Excluded from tax $25,753,883$288,765,703

Part IX · Statement of functional expenses $250,470,441 across 22 lines filed

IX-1 Grants to domestic organizationsPrograms $255,250$255,250

IX-5 Pay of current officers, directors and key staffPrograms $1,896,614 · Management $2,040,893 · Fundraising $375,383$4,312,890

IX-7 Other salaries and wagesPrograms $66,119,456 · Management $8,981,196 · Fundraising $1,948,744$77,049,396

IX-8 Pension plan contributionsPrograms $6,297,573 · Management $745,002 · Fundraising $161,733$7,204,308

IX-9 Other employee benefitsPrograms $9,587,367 · Management $1,230,641 · Fundraising $269,901$11,087,909

IX-10 Payroll taxesPrograms $4,946,505 · Management $671,898 · Fundraising $145,789$5,764,192

IX-11b Legal feesManagement $484,603 · Fundraising $17,976$502,579

IX-11c Accounting feesManagement $629,225$629,225

IX-11e Professional fundraising feesFundraising $180,732$180,732

IX-11f Investment management feesManagement $450,560$450,560

IX-11g Other fees for servicesPrograms $9,171,642 · Management $1,533,143 · Fundraising $14,711$10,719,496

IX-12 Advertising and promotionPrograms $32,545,732 · Management $196,176 · Fundraising $526,565$33,268,473

IX-13 Office expensesPrograms $658,963 · Management $124,694 · Fundraising $5,943$789,600

IX-14 Information technologyPrograms $5,566,734 · Management $1,172,252 · Fundraising $22,040$6,761,026

IX-16 OccupancyPrograms $2,333,010 · Management $380,997 · Fundraising $17,081$2,731,088

IX-17 TravelPrograms $176,803 · Management $9,812 · Fundraising $9,825$196,440

IX-19 Conferences, conventions and meetingsPrograms $102,601 · Management $21,540 · Fundraising $5,356$129,497

IX-20 InterestManagement $1,072,276$1,072,276

IX-22 Depreciation, depletion and amortizationPrograms $14,894,609 · Management $496,382 · Fundraising $26,713$15,417,704

IX-23 InsuranceManagement $1,314,775$1,314,775

IX-24 Other expenses (24a–d)Programs $50,408,210 · Management $10,590 · Fundraising $8,137,765$58,556,565

IX-24e All other expensesPrograms $10,988,264 · Management $902,762 · Fundraising $185,434$12,076,460

IX-25 Total functional expensesPrograms $215,949,333 · Management $22,469,417 · Fundraising $12,051,691$250,470,441

Part X · Balance sheet $489,278,180 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $863,098$793,304

X-2 Savings and temporary cash investmentsStart of year $52,751,890$43,323,936

X-3 Pledges and grants receivableStart of year $2,094,250$1,148,509

X-4 Accounts receivableStart of year $7,590,147$6,167,781

X-8 Inventories for sale or useStart of year $2,487,724$3,212,129

X-9 Prepaid expenses and deferred chargesStart of year $7,246,658$8,336,966

X-10c Land, buildings and equipment, netStart of year $57,362,658$54,499,464

X-11 Publicly traded securitiesStart of year $364,539,274$364,659,799

X-15 Other assetsStart of year $8,342,654$7,136,292

X-16 Total assetsStart of year $503,278,353$489,278,180

X-17 Accounts payable and accrued expensesStart of year $26,390,816$25,312,924

X-19 Deferred revenueStart of year $113,292,584$109,661,018

X-20 Tax-exempt bond liabilitiesStart of year $33,858,000$32,275,000

X-25 Other liabilitiesStart of year $40,616,070$31,547,052

X-26 Total liabilitiesStart of year $214,157,470$198,795,994

X-27 Net assets without donor restrictionsStart of year $280,429,820$278,803,465

X-28 Net assets with donor restrictionsStart of year $8,691,063$11,678,721

X-32 Total net assets or fund balancesStart of year $289,120,883$290,482,186

X-33 Total liabilities and net assetsStart of year $503,278,353$489,278,180

Part XI · Reconciliation of net assets $290,482,186 net assets at year end

XI-1 Total revenue$288,765,703

XI-2 Total expenses$250,470,441

XI-3 Revenue less expenses$38,295,262

XI-4 Net assets at start of year$289,120,883

XI-5 Net unrealized gains (losses) on investments−$42,193,389

XI-9 Other changes in net assets$5,259,430

XI-10 Net assets at end of year$290,482,186

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Consumer Reports INC FY2022 filing

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