CONSUMER EDUCATION FOUNDATION

EIN: 954720268 Public & Societal Benefit

LOS ANGELES, CA

Total Revenue
$14,988
Total Expenses
$42,239
Total Assets
$13,086
Net Assets
$13,086
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CA
Principal Officer
HARVEY ROSENFIELD
Phone
8189809602
Tax Period
2022-01-01 to 2022-12-31

CONSUMER EDUCATION FOUNDATION, founded in 1998, is a micro nonprofit in the Public & Societal Benefit sector that reported $15K in total revenue in fiscal year 2022. Revenue surged 345% from the prior year, signaling strong growth momentum. Expenses of $42K exceeded revenue, resulting in a 182% operating deficit.

Mission

TO ENGAGE IN SOCIAL WELFARE ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW (THE "CODE"), AND WITHIN THE MEANING OF SECTION 23701F OF THE CALIFORNIA REVENUE AND TAXATION CODE, THAT PROMOTE THE INTERESTS OF CONSUMERS ON THE FOLLOWING ISSUES: LOSS PREVENTION, CONVERSION OF MUTUAL INSURANCE COMPANIES TO STOCK COMPANIES, AND CONSUMER EDUCATION, GENERALLY.

Program Service Accomplishments

Program 1
Expenses: $10,317

CONSUMER LEGISLATION PROJECT:IN 2022 CEF COMPLETED ITS INVESTIGATION OF THE PROBLEMS THAT AMERICAN CONSUMERS FACE IN THE MODERN COMMERCIAL MARKETPLACE.UNDER ITS #REPRESENT PROJECT, CEF PUBLISHED AN...

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CONSUMER LEGISLATION PROJECT:IN 2022 CEF COMPLETED ITS INVESTIGATION OF THE PROBLEMS THAT AMERICAN CONSUMERS FACE IN THE MODERN COMMERCIAL MARKETPLACE.UNDER ITS #REPRESENT PROJECT, CEF PUBLISHED AN EXHAUSTIVE REPORT DISCUSSING THE CURRENT STATE OF CONSUMER PROTECTION LAW IN THE UNITED STATES AND RECOMMENDING REFORMS."REBOOT REQURED" EXAMINES THE VAST CHANGES IN THE MARKETPLACE THAT HAVE OCCURRED IN THE DECADES SINCE CONSUMER PROTECTION LAWS WERE LAST COMPREHENSIVELY UPDATED IN THE UNITED STATES. THESE CHANGES INCLUDE THE ADVENT OF THE INTERNET, THE PREVALANCE OF SOPHISTICATED TECHNOLOGY IN CONSUMER PRODUCTS AND SERVICES, AND THE DRAMATIC SHIFT TO ELECTRONIC AND MOBILE COMMERCE. THE REPORT COMPREHENSIVELY OUTLINES THE SPECIFIC TYPES OF CORPORATE ABUSES THAT ARE CURRENTLY VICTIMIZING CONSUMERS AS A RESULT OF THESE CHANGES. THE REPORT PROPOSES WIDE-RANGING CHANGES IN SUBSTANTIVE CONSUMER PROTECTION LAWS THAT WILL REDRESS THE IMBALANCE BETWEEN INDIVIDUAL RIGHTS AND CORPORATE RIGHTS.THE REPORT ALSO PROVIDES A DETAILED ANALYSIS OF THE EXTENT TO WHICH STATE AND FEDERAL LAWS AND LEGAL REMEDIES, AS INTERPRETED AND APPLIED BY THE COURTS, HAVE FAILED TO KEEP UP WITH THESE DEVELOPMENTS IN THE US ECONOMY. FURTHER, IT REVIEWS THE CURRENT PROCEDURAL MECHANISMS BY WHICH CONSUMER RIGHTS MAY BE VINDICATED. AND IT SETS FORTH PROPOSALS TO LEVEL THE LEGAL PLAYING FIELD, INCLUDING REFORMS TO EXPAND AND ENHANCE THE PRACTICAL RIGHTS OF CONSUMERS TO JOINTLY LITIGATE AGAINST CORPORATE WRONGDOERS, AND TO RESTORE PUBLIC CONFIDENCE IN THE SYSTEM OF JUSTICE."REBOOT REQUIRED" IS ACCOMPANIED BY AN EQUALLY DETAILED MODEL CONSUMER PROTECTION LAW, WHICH CONTAINS DRAFT LEGISLATION TO ENACT THE SUGGESTED REFORMS.THE REPORT AND MODEL LAW ARE AVAILABLE AT WWW.RESPRESENTCONSUMERS.ORGIN 2022, THE ORGANIZATION ENGAGED IN MEDIA AND OTHER COMMUNICATIONS TO DESSEMINATE AND DISCUSS THE REPORT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $15,000
Program Service Revenue $0
Investment Income $-12
Other Revenue $0
TOTAL REVENUE $14,988

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,990
Fundraising Expenses $0
Program Expenses $10,317
Other Expenses $15,249
TOTAL EXPENSES $42,239

Year-over-Year Comparison

2022 2021 Change
Revenue $14,988 $3,369 +3.4%
Expenses $42,239 $235,249 -0.8%
Net Income $-27,251 $-231,880 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
2
Employees
1
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$25,000
Total Directors
3
$25,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA ANTONINI Secy, Treas 30.00
Officer Director
$25,000 $0 $25,000
HARVEY ROSENFIELD President 30.00
Officer Director
$0 $0 $0
JAY ANGOFF Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $14,988 $42,239 $13,086 $-27,251
2022 $14,988 $42,239 $13,086 $-27,251
2021 $3,369 $235,249 $40,337 $-231,880
2020 $-39,735 $315,031 $272,217 $-354,766
2019 $28,861 $450,125 $626,983 $-421,264
2018 $53,053 $454,094 $1,048,247 $-401,041
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