Nonprofit · EIN 30-1211139
ULSE INC
Tax-exempt · EVANSTON, IL 60201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $92,256,605 | $71,744,742 | $20,511,863 | $4,508,329,813 | $33,249,475 | $4,475,080,338 |
| December 31, 2023 | 990 | $709,404,028 | $62,444,671 | $646,959,357 | $2,092,621,786 | $31,800,114 | $2,060,821,672 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $28,737,544
- Investment income
- $63,519,061
- Net gain from sales of assets
- $16,948,107
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $530,526
- Compensation of officers, directors and key employees
- $7,639,453
- Other salaries and wages
- $19,618,692
- Salaries, compensation and benefits (total)
- $35,814,133
- Professional fundraising fees
- $0
- Legal fees
- $1,470,053
- Accounting fees
- $210,571
- Occupancy
- $1,499,670
- Travel
- $3,462,241
- Depreciation
- $4,213,349
- Program services (functional)
- $38,283,310
- Management and general (functional)
- $33,461,432
Balance sheet and other
- Total assets, start of year
- $2,092,621,786
- Total assets, end of year
- $4,508,329,813
- Total liabilities, end of year
- $33,249,475
- Net assets, end of year
- $4,475,080,338
- Land, buildings and equipment
- $20,530,064
- Publicly traded securities
- $1,559,663,406
- Net assets without donor restrictions
- $4,475,080,338
- Gross unrelated business income
- -$1,775,799
- Gross receipts
- $384,825,919
- Employees
- 230
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| R ROBINSON | EVP & CFO - UL SOLUTIONS Former | 0 | $0 | $5,600,065 | $0 |
| T BRADY | FORMER BOARD MEMBER Former | 0 | $0 | $3,788,478 | $0 |
| T RIVELLI | SVP, CLO, CORPORATE SECRETARY Officer | 30 | $888,367 | $0 | $52,200 |
| R BLAUSTEIN | SVP, CFO Officer | 30 | $839,790 | $0 | $62,116 |
| D STEEL | EXECUTIVE DIRECTOR OF ULSE Officer | 60 | $715,500 | $0 | $25,029 |
| R BORGER | SVP, CHRO Officer | 30 | $527,939 | $0 | $45,695 |
| J SHANNON | BOARD MEMBER Trustee or director | 6 | $186,250 | $324,191 | $0 |
| M MURRAY | VP, LEGAL & CORPORATE AFFAIRS Officer | 30 | $451,542 | $0 | $48,464 |
| K DENIS | HEAD OF COMMUNICATIONS Officer | 60 | $420,378 | $0 | $47,184 |
| D CONCEPCION | VP, CONTROLLER Officer | 30 | $417,251 | $0 | $46,204 |
| G BORLASE | INTERIM EXEC. DIRECTOR OF ULSE Officer | 60 | $421,272 | $0 | $38,275 |
| B LONG | VP, LEGAL AFFAIRS Officer | 30 | $420,567 | $0 | $25,137 |
| J CANFIELD | VP OF STRATEGY Officer | 30 | $402,643 | $0 | $40,803 |
| V MODEKURTI | SVP, CIO Officer | 30 | $397,164 | $0 | $44,823 |
| S BIRD | VP, INTERNATIONAL STANDARDS Officer | 60 | $368,365 | $0 | $26,123 |
12 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| D WROTH | SR DIR, TECHNOLOGY & SYSTEMS Highest-paid employee | 60 | $348,754 | $0 | $41,354 |
| D MCKNIGHT | HEAD OF PARTNERSHIPS Officer | 60 | $359,945 | $0 | $29,128 |
| J WOLFE JR | DIR, STRATEGIC INITIATIVES Highest-paid employee | 60 | $320,195 | $0 | $27,108 |
| D SHEERAN | DIR, FIN PLANNING & ANALYSIS Highest-paid employee | 30 | $301,921 | $0 | $42,120 |
| D JORDAN | DIRECTOR, STANDARDS PROGRAMS Highest-paid employee | 60 | $314,448 | $0 | $20,996 |
| L ROHRBAUGH | HEAD OF INSIGHTS & POLICY Officer | 60 | $295,643 | $0 | $26,020 |
| S NAZEMI | SR DIR,IT INFRASTRUCTURE & OPS Highest-paid employee | 30 | $289,564 | $0 | $23,894 |
| V PATEL | TREASURER Officer | 30 | $292,945 | $0 | $18,119 |
| K SZCZECH | SVP/TREAS - UL SOLUTIONS Former | 0 | $0 | $283,672 | $0 |
| P KHOURY | BOARD MEMBER Trustee or director | 0.5 | $43,750 | $180,000 | $0 |
| P PIQUEIRA | VP, SENIOR ADVISOR Officer | 60 | $184,810 | $0 | $5,541 |
| J WITTENBERG | BOARD MEMBER Trustee or director | 6 | $165,000 | $0 | $0 |
990 for the year ended December 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| T BRADY | BOARD MEMBER (UNTIL 11/23) Trustee or director | 6 | $0 | $3,900,627 | $61,854 |
| R ROBINSON | EVP & CFO - UL SOLUTIONS Former | 0 | $0 | $2,099,311 | $68,862 |
| T RIVELLI | SVP & CLO, CORPORATE SECRETARY Officer | 30 | $798,522 | $71,721 | $54,354 |
| D STEEL | EXECUTIVE DIRECTOR OF ULSE Officer | 60 | $777,028 | $0 | $53,280 |
| R BLAUSTEIN | SVP & CFO Officer | 30 | $729,141 | $0 | $60,534 |
| J SHANNON | BOARD MEMBER Trustee or director | 6 | $168,338 | $410,000 | $0 |
| R BORGER | SVP & CHIEF HR OFFICER Officer | 30 | $476,141 | $0 | $53,041 |
| K SZCZECH | SVP/ TREAS - UL SOLUTIONS Former | 0 | $0 | $529,114 | $0 |
| E WEST | VP/ASST SEC - UL SOLUTIONS Former | 0 | $0 | $424,290 | $37,606 |
| J CANFIELD | VP OF STRATEGY Officer | 30 | $389,018 | $0 | $58,830 |
| K DENIS | HEAD OF COMMUNICATIONS Officer | 60 | $337,030 | $0 | $57,584 |
| P PIQUEIRA | VP (GLOBAL STANDARDS), SNR ADV Officer | 60 | $356,710 | $0 | $35,365 |
| G BORLASE | INTERIM EXEC. DIRECTOR OF ULSE Officer | 60 | $348,103 | $0 | $40,898 |
| D WROTH | DIRECTOR OF TECHNOLOGY & SYSTE Highest-paid employee | 60 | $317,643 | $0 | $57,484 |
| S BIRD | VP, INT STANDARDS Officer | 60 | $326,119 | $0 | $47,975 |
| M MURRAY | VP, LEGAL AND CORPORATE AFFAIR Officer | 30 | $328,002 | $0 | $45,904 |
| B LONG | VP, LEGAL AFFAIRS Officer | 30 | $318,075 | $0 | $51,683 |
| V MODEKURTI | SVP & CIO (AS OF 2/23) Officer | 30 | $329,171 | $0 | $31,796 |
| D CONCEPCION | VP, CONTROLLER Officer | 30 | $296,357 | $0 | $54,182 |
| S BROOKS | DIRECTOR STANDARDS OPERATIONS Highest-paid employee | 60 | $288,373 | $0 | $53,247 |
| D MCKNIGHT | HEAD OF PARTNERSHIPS Officer | 60 | $314,194 | $0 | $20,575 |
| R MYERS | DIRECTOR, STANDARDS PROGRAMS Highest-paid employee | 60 | $301,711 | $0 | $21,003 |
| R OLESEN | STANDARDS MANAGER Highest-paid employee | 60 | $255,541 | $0 | $43,883 |
| D JORDAN | DIRECTOR, STANDARDS PROGRAMS Highest-paid employee | 60 | $259,331 | $0 | $40,058 |
| L ROHRBAUGH | HEAD OF INSIGHTS (AS OF 1/23) Officer | 60 | $225,121 | $0 | $33,591 |
| V PATEL | TREASURER (AS OF 2/23) Officer | 30 | $213,665 | $0 | $21,320 |
| P KHOURY | BOARD MEMBER (AS OF 11/23) Trustee or director | 0.5 | $0 | $180,000 | $0 |
| J WITTENBERG | BOARD MEMBER Trustee or director | 6 | $165,000 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1603 ORRINGTON AVESUITE 1700, EVANSTON, IL 60201-0000
- In care of
- % VISHAL PATEL
- Mailing address (990-N for 2020)
- 333 Pfingsten Road, Northbrook IL 60062
- Principal officer (990 for 2024)
- JEFF MAROOTIAN, 1603 ORRINGTON AVE UNIT 17, EVANSTON, IL 60201
- Principal officer (990-N for 2020)
- Ryan Robinson, 333 Pfingsten Road, Northbrook IL 60062
- Signed the 990
- VISHAL PATEL, TREASURER
- Phone
- (224) 714-0919
- Website
- WWW.ULSE.ORG
- Return prepared by
- PricewaterhouseCoopers LLP
Mission
SEE SCHEDULE O
Program accomplishments
- ULSE INC. (THE "ORGANIZATION") DEVELOPS AND PUBLISHES CONSENSUS STANDARDS THAT HELP GUIDE THE SAFETY AND SUSTAINABILITY OF NEW AND EVOLVING PRODUCTS, TECHNOLOGIES, AND SERVICES BY PROVIDING ASSURANCE TO THE PUBLIC THAT PRODUCTS ARE DESIGNED, CONSTRUCTED, AND TESTED TO WITHSTAND DEMANDING, NORMAL-USE CONDITIONS WITHOUT PRESENTING RISK OF DANGER OR INJURY. STANDARDS ARE DEVELOPED THROUGH A RIGOROUS, COLLABORATIVE, AND TRANSPARENT MULTI-STAGE PROCESS THAT BRINGS TOGETHER EXPERTS, REGULATORS, INDUSTRY REPRESENTATIVES, AND CONSUMERS TO IDENTIFY CRITERIA THAT REFLECT CURRENT SCIENTIFIC KNOWLEDGE, SUPPORT INNOVATION, AND REPRESENT THE INTERESTS OF CONSUMERS. ONCE FINALIZED, THE ORGANIZATION PUBLISHES ITS STANDARDS ONLINE AND DISSEMINATES THEM TO TESTING, INSPECTION AND CERTIFICATION COMPANIES, ENABLING MANUFACTURERS, REGULATORS, AND END USERS TO ACCESS SHARED REFERENCE POINTS THAT ELEVATE SAFETY, DRIVE RESPONSIBLE DEVELOPMENT, AND PROTECT COMMUNITIES. IN ADDITION TO ITS STANDARDS, THE ORGANIZATION'S EDUCATIONAL ACTIVITIES INCLUDE THE PUBLICATION OF NEWS AND INFORMATIONAL RESOURCES AUTHORED BY ENGINEERS, TECHNOLOGISTS, DATA SCIENTISTS, AND POLICY EXPERTS TO HELP THE PUBLIC UNDERSTAND EVOLVING SAFETY RISKS IN A RAPIDLY CHANGING TECHNOLOGICAL LANDSCAPE, THEREBY EMPOWERING COMMUNITIES TO MAKE INFORMED DECISIONS, ADOPT SAFER PRACTICES, AND REDUCE THE RISK OF HARM IN EVERYDAY LIFE.Expenses $38,283,310 · grants $530,526 · revenue $28,737,544
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 30-1211139
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W90)
- Assets (IRS master file)
- $4,508,329,813
- Income (IRS master file)
- $384,825,919
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $92,256,605 | $71,744,742 | $4,508,329,813 | IRS |
| 990 | December 2023 | $709,404,028 | $62,444,671 | $2,092,621,786 | XML |
| 990 | December 2022 | $1,619,625,676 | $39,794,315 | $1,340,148,729 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Ryan Robinson | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Ryan Robinson | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-1211139).
Questions about ULSE INC
- What is the EIN of ULSE INC?
- The employer identification number (EIN) of ULSE INC is 30-1211139.
- Is ULSE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2023.
- Are donations to ULSE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ULSE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ULSE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ULSE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ULSE INC?
- The 990 for the year ended December 31, 2024 names JEFF MAROOTIAN.
- Who are the officers and directors of ULSE INC?
- The 990 for the year ended December 31, 2024 lists 27 people; 24 received compensation from the organization.
- How much revenue does ULSE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $92,256,605, expenses of $71,744,742 and total assets of $4,508,329,813 at year end.
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