Consumer Reports Inc.

“Members, stockholders consumer reports is a new york state not-for-profit membership corporation. The members for new york not-for-profit law purposes are any individual with a paid membership to the consumer reports membership program. Members can elect the board of directors at the annual meeting of members; adopt, amend or repeal the by-laws of the corporation; call a special meeting of the members under certain circumstances; and exercise such other powers as are provided by law.”

“See explanation on line 6 above.”

“Form 990 review process the 990 is prepared utilizing the assistance of an independent accounting firm, kpmg. The related services from kpmg are approved by the audit committee as part of the audit approval process. After the 990 is prepared by cr finance department with coordination with kpmg, it is reviewed by the controller and cfo before it is reviewed and approved by the audit committee. A copy of the 990 is then provided to the board of directors prior to its filing.”

“Conflict of interest compliance process consumer reports' board of directors and staff members are required to fill out and sign a disclosure of interest statement and attestation of compliance each year. Board members' forms are reviewed by a committee of the board; staff members' forms are reviewed by an outside independent reviewer. Any conflicts will be addressed with the applicable board or staff member, with unresolved conflicts addressed by the appropriate conflict of interest committee. Potential remedies for conflicts of interest can include recusal from participation in the matter giving rise to the conflict, disposing of an investment, termination of employment, or resignation.”

“The executive committee of the board of directors reviews the compensation provided to cr's president and senior executive staff to ensure that they are consistent with cr's mission, are designed to attract and retain the high levels of leadership talent needed to achieve cr's operating plans, and are compliant with law. To that end, the executive committee (1) recommends to the board of directors compensation plans and pay levels for the president and chief executive officer, taking into account peer group practices and any special considerations, as well as employment agreements; (2) reviews the compensation of the president and senior executive staff to ensure compliance with the irs intermediate sanction requirements; and (3) reviews and approves (a) for executives reporting directly to the president, any proposed compensation increase for current executives and the proposed compensation for any new hire and (b) for executives not reporting directly to the president, (i) any proposed compensation increase that exceeds the annual salary increase guidelines established by people and culture and (ii) the proposed compensation for any new executive hire that exceeds the market median as reported in executive compensation studies conducted by a third party executive compensation consulting firm. The executive committee's recommendation on the president's compensation plans and pay levels is voted on by the full board of directors. Deliberations and decisions regarding the foregoing compensation arrangements are contemporaneously recorded in the organization's minutes. To ensure compliance with the irs intermediate sanctions as required and meet the conditions for the rebuttable presumption under treasury regulation 53.4958-6, the committee that determines compensation of executives are composed of members who are independent with respect to the compensation arrangements. The foregoing process for establishing compensation for the indicated persons was last undertaken in july 2024.”

“Public availability of financial statements and governing documents consumer reports' annual financial statements are made available to the public on its website, www.consumerreports.org. Our governing documents, form 1023, and conflict of interest policy are available to the public upon request.”

“Consumer information: consumer reports publishes and disseminates information and advice to consumers regarding topics such as consumer goods, services, health and personal finance in order to effect its educational purpose. The number of paid subscribers for each as of 5/31/25 include consumer reports magazine 2,404,357; consumer reports on health 268,244; and cr online 2,775,294. Consumer reports does not accept outside advertising in any of its publications. In addition, consumer reports disseminates consumer information through other print, radio, television, electronic publishing and interactive media. Product information: consumer reports conducts independent and impartial tests and analyses on a wide range of consumer products and services, such as electronics, appliances, household products, insurance, recreational goods, and cars. The tests and surveys evaluate how the products and services perform and educate consumers on the extent to which they are convenient, safe, and economical. During the fiscal year ended 5/31/25, consumer reports conducted tests and evaluations on more than 2,362 models of various consumer products, making use of about 63 laboratories and its auto track. The information gathered as result of these tests is disseminated to the general public as described above.”

“Consumer reports is dedicated to improving the lives of consumers and creating a fair and just marketplace for all of us. We are an independent, nonprofit organization with five million members across the united states. Cr seeks to empower people with reliable data to make informed decisions about the products they buy, as well as information to advocate for their rights as consumers. In the 89 years since cr was founded, we have built a legacy of trust among consumers by conducting expert, rigorous, science-based testing of products and services, incentivizing corporations to prioritize safety and transparency, and working with policymakers and business executives to advance pro-consumer policies. We provide our trusted information through testing, ratings, and reviews; surveys, reports and analyses; and investigative and service journalism - all of which is disseminated through multiple digital and print platforms that reach more than 15 million people each month. The public can access substantial free consumer education information as a public service through consumerreports.org, cr social media channels, cr webinars, and cr partnerships with local tv stations. These combined efforts leverage consumer demand to shape a pro-consumer marketplace, and we engage directly with industry to set standards and promote principles in the design and delivery of products and services. Consumer reports' unwavering dedication to the health, safety, and well-being of consumers is exemplified by our fy 25 (june 1, 2024 through may 31, 2025) accomplishments and milestones, some of which include: safer food and products: cr helps drive national actions to remove toxins and unsafe items from the market - national ban on red dye no. 3: cr helped achieve a major public health victory when the food and drug administration (fda) banned red dye no. 3 in food, drinks, and ingested medications. The dye has been linked to cancer, as well as neurobehavioral problems in children, despite the fact that safer alternatives are readily available and used in other countries. Cr pushed for this ban for years, mobilizing public support, testifying before government officials, and delivering a petition signed by 80,000 consumers. In 2023 cr co-sponsored a california law banning the dye in foods, which helped generate momentum for this historic national action in 2025. - improving school meal safety: cr co-sponsored a new california law banning six synthetic dyes from school meals due to their links to learning and behavior problems. Additionally, after cr's tests found concerning levels of sodium, lead, and cadmium in some lunchables meal kits, cr organized people across the country to tell the federal government to pull lunchables from the national school lunch program, and the manufacturer eventually removed them. - infant and child product safety standards: a new mandatory safety standard for infant support cushions, including baby loungers, took effect in may 2025. The rule was championed by cr to reduce the risk of suffocation, entrapment, and falls. The standard requires better design, rigorous testing, and clearer warning labels. - removing unsafe products from online shelves: cr spot-checked 21 bike helmets for sale online and flagged eight that lacked the required safety compliance sticker. When contacted, shein, temu, and walmart took down the listings for these noncompliant helmets, mitigating consumer risk. A safer digital marketplace: cr advances protections against ai misuse and data harms - combating a ban on state ai laws: when congress proposed a 10-year ban on state ai laws, cr testified at a senate hearing, warning that such a move would leave consumers vulnerable. Cr mobilized members to send over 80,000 emails to their senators. The senate overwhelmingly rejected the proposal in a 99-to-1 vote in a victory for consumer protection. - investigating ai harms: a cr investigation of six widely used ai voice-cloning tools found that four lacked m”

“Pension related changes -435,675. Change in value of split interest agreement -301,000.”