Consumers Research Inc
- Assets
- $798.7k
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Washington, DC
- Founding
- 06/1939
- Data as of
- 12/2021
- EIN
- 22-1500498
Organization Overview
Consumers Research Inc is located in Washington, DC. The organization was established in 1939. As of 12/2021, Consumers Research Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consumers Research Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Consumers Research Inc generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $7.9m during the year ending 12/2021. While expenses have increased by 19.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Hild Executive Director | OfficerTrustee | 40 | $217,700 |
Beau Brunson Dir Of Policy & Regulatory Af | 40 | $138,100 | |
John Meyer Senior Researcher | 30 | $130,000 | |
Russell Outhuse President | OfficerTrustee | 1 | $12,000 |
Terry L Pricket Director | Trustee | 1 | $9,000 |
Kyle Burgess Treasurer Former | Trustee | 1 | $4,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mentzer Media Services Public Relations | 12/30/21 | $3,512,300 |
Creative Response Concepts Public Relations | 12/30/21 | $624,456 |
Boyden Gray And Assoc Consulting | 12/30/21 | $400,000 |
Jones Day Public Relations | 12/30/21 | $1,650,098 |
Patomak Global Partners Consulting | 12/30/21 | $605,938 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,021,841 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,021,841 |
| Total Program Service Revenue | $0 |
| Investment income | $40 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,022,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $242,700 |
| Compensation of current officers, directors, key employees. | $21,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,399 |
| Pension plan accruals and contributions | $4,077 |
| Other employee benefits | $49,036 |
| Payroll taxes | $46,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,694,996 |
| Fees for services: Accounting | $48,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,788 |
| Advertising and promotion | $626,717 |
| Office expenses | $3,629 |
| Information technology | $13,475 |
| Royalties | $0 |
| Occupancy | $1,688 |
| Travel | $12,542 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,539 |
| All other expenses | $0 |
| Total functional expenses | $7,864,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $432,309 |
| Savings and temporary cash investments | $193,370 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $165,000 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,691 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,313 |
| Total assets | $798,683 |
| Accounts payable and accrued expenses | $367,302 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $367,302 |
| Net assets without donor restrictions | $431,381 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $798,683 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Consumers Research Inc has recieved totaling $6,929,600.
| Awarding Organization | Amount |
|---|---|
Donors Trust Inc Alexandria, VA PURPOSE: for general operations | $5,964,000 |
Rowling Foundation Dallas, TX PURPOSE: INCREASE THE KNOWLEDGE AND UNDERSTANDING OF ISSUES, POLICIES, PRODUCTS, AND SERVICES OF CONCERN TO CONSUMERS | $500,000 |
Searle Freedom Trust Madison, WI PURPOSE: LITIGATION | $400,000 |
Clifford F Favrot Family Fund Covington, LA PURPOSE: GENERAL | $40,000 |
Donors Trust Inc Alexandria, VA PURPOSE: for the Consumers' First Initiative | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consumers Research Inc Washington, DC | $798,683 | $8,022,567 |
Concerned Women For America Alexandria, VA | $6,676,756 | $4,605,491 |
Council For National Policy Washington, DC | $3,328,600 | $3,587,318 |
Institute On Taxation And Economic Policy Washington, DC | $2,141,343 | $2,965,495 |
Delta Research And Educational Foundation Washington, DC | $8,923,415 | $3,932,041 |
National Association Of Regional Councils Washington, DC | $773,669 | $999,688 |
Sister Cities International Incorporated Washington, DC | $1,379,609 | $1,013,756 |
American Forum Washington, DC | $12,953 | $96,666 |
American Opportunity And Security Inc Alexandria, VA | $30,981 | $0 |
Relief Resources Inc Halethorpe, MD | $563 | $22,237 |
Center On National Labor Policy Inc North Springfield, VA | $3,500 | $0 |