Consumer Education Foundation FY2020 filing

Not tax-deductible

Los Angeles, CA501(c)(4)Public & Societal BenefitEIN 95-4720268Revenue −$40K in FY2020

On file with the IRSwheresourmoney.orgPo Box 66518, 90066-0518 · Los Angeles, CATax-exempt since Mar 1999

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See Part III Line 1.

93¢ of each $1 spent went to programs.
$100K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $205K a year · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$40K
Spent
$315K
To programs
93%
Net assets
$272K
By yearFY2020–FY2022
Revenue
−$40K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020−$40K
FY2021$3K
FY2022$15K
Expenses
$315K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$315K
FY2021$235K
FY2022$42K
Net assets
$272K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$272K
FY2021$40K
FY2022$13K

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Mar 1999.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $294K Management & general 7% · $21K

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

3 people listed on the 990; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation
$100,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Laura Antonini’s $25K as Secy, Treas is at the 75th percentile of top reported officer pay among 61 <$100K 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 · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Harvey Rosenfield—$100,000$100,000
Laura Antonini$25,000——

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 Education Foundation 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

Consumer Education Foundation is a membership association based in Los Angeles, CA.

Provided by the organization

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2 programs · $294K · in their own filed words · FY2020
01

Consumer Legislation Project

In 2020, CEF continued and expanded its investigation of the problems that American consumers face in the modern commercial marketplace. As part of its #REPRESENT project, CEF will publish an exhaustive report discussing the current state of consumer protection law in the United States and recommending reforms.

$234Kprogram expense
02

Online Empowerment

Grant to Consumer Watchdog.The CEF provides ongoing support for the work of Consumer Watchdog, a California-based non-profit charitable organization, to develop new models of public participation that encourage Americans to become more directly and deeply involved in public processes and democratic institutions.

$60Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $60K · 2020–2020
Consumer WatchdogCA · FY2020$60,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
−$40K
Ln 12
Investment incomeLn 3$12K
Money outPt IX
$315K
Ln 25
Programscol B$294K
Managementcol C$21K
Owns and owesPt X
$272K
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$272K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$12K
Gains on assetsLn 7−$52K
Total revenueLn 12−$40K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$45K
Cash and savings togetherLn 1–2$45K
InvestmentsLn 11–13$219K
Land, buildings, equipmentLn 10c$8K
Other assetsLn 15$0
Total assetsLn 16$272K
LiabilitiesLn 26$0
Net assetsLn 32$272K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
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
LineStart FY20End FY20
Cash and savingsLn 1–2$66K$45K
InvestmentsLn 11–13$561K$219K
Land, buildings, equipmentLn 10c$8K
Total assetsLn 16$627K$272K
LiabilitiesLn 26$0$0
Net assetsLn 32$627K$272K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$60K$60K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$100K$95K$5K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$100K$95K$5K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$16K$15K$777
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$869$826$43
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K$2K$111
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1K$1K$65
InsuranceLn 23$8K$8K$400
Other expenses (24a–d)Ln 24$20K$16K$5K
All other expensesLn 24e$2K$2K$105
Total functional expensesLn 25$315K$294K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $15K$42K−$27K$13K 990 PDF
FY2021 $3K$235K−$232K$40K 990 PDF
FY2020 Viewing −$40K$315K−$355K$272K 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 FY2020 990 (6 parts)
Part I · Summary −$39,735 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $28,861−$39,735
I-11 Other revenue$0
I-12 Total revenuePrior year $28,861−$39,735
I-13 Grants and similar amounts paidPrior year $200,000$60,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $213,278$215,538
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $36,847$39,493
I-18 Total expensesPrior year $450,125$315,031
I-19 Revenue less expensesPrior year −$421,264−$354,766
Part VI · Governance 2 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
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 −$39,735 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $11,931$11,931
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$51,666−$51,666
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax −$39,735−$39,735
Part IX · Statement of functional expenses $315,031 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $60,000$60,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $95,000 · Management $5,000$100,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $95,000 · Management $5,000$100,000
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $14,761 · Management $777$15,538
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $4,643$4,643
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $826 · Management $43$869
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $2,111 · Management $111$2,222
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,234 · Management $65$1,299
IX-23 InsurancePrograms $7,597 · Management $400$7,997
IX-24 Other expenses (24a–d)Programs $15,558 · Management $4,808$20,366
IX-24e All other expensesPrograms $1,992 · Management $105$2,097
IX-25 Total functional expensesPrograms $294,079 · Management $20,952 · Fundraising $0$315,031
Part X · Balance sheet $272,217 assets, 16 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $65,994$45,158
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$7,731
X-11 Publicly traded securitiesStart of year $560,989$219,328
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $626,983$272,217
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $626,983$272,217
X-33 Total liabilities and net assetsStart of year $626,983$272,217
Part XI · Reconciliation of net assets $272,217 net assets at year end
XI-1 Total revenue−$39,735
XI-2 Total expenses$315,031
XI-3 Revenue less expenses−$354,766
XI-4 Net assets at start of year$626,983
XI-10 Net assets at end of year$272,217

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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