Nonprofit · EIN 36-1892375
UNDERWRITERS LABORATORIES INC
Tax-exempt · EVANSTON, IL 60201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $46,451,010 | $110,181,419 | -$63,730,409 | $1,137,679,070 | $21,564,123 | $1,116,114,947 |
| December 31, 2023 | 990 | $15,352,626 | $91,654,071 | -$76,301,445 | $1,071,845,446 | $28,952,796 | $1,042,892,650 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,871,794
- of which government grants
- $8,831,794
- Program service revenue
- $17,000
- Investment income
- $37,564,072
- Net gain from sales of assets
- $21,907,069
- Other revenue
- -$1,856
Expenses
- Grants and similar amounts paid
- $9,317,877
- Compensation of officers, directors and key employees
- $5,539,699
- Other salaries and wages
- $38,718,874
- Salaries, compensation and benefits (total)
- $50,620,587
- Professional fundraising fees
- $0
- Legal fees
- $895,103
- Accounting fees
- $184,128
- Occupancy
- $1,504,472
- Travel
- $4,504,848
- Depreciation
- $3,505,699
- Program services (functional)
- $68,641,997
- Management and general (functional)
- $41,539,422
Balance sheet and other
- Total assets, start of year
- $1,071,845,446
- Total assets, end of year
- $1,137,679,070
- Total liabilities, end of year
- $21,564,123
- Net assets, end of year
- $1,116,114,947
- Land, buildings and equipment
- $19,843,400
- Publicly traded securities
- $466,635,783
- Net assets without donor restrictions
- $1,116,114,947
- Gross unrelated business income
- -$138,260
- Gross receipts
- $231,331,304
- Employees
- 233
- Volunteers
- 0
- Year formed
- 1936
- 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 | FMR President & CEO Former | 0 | $2,469,462 | $1,319,016 | $0 |
| J MCLAUGHLIN | FMR EVP & CLO -UL SOLUTIONS Former | 0 | $0 | $2,018,300 | $0 |
| T RIVELLI | SVP, CLO, CORPORATE SECRETARY Officer | 40 | $0 | $888,367 | $52,200 |
| R BLAUSTEIN | SVP, CFO Officer | 30 | $0 | $839,790 | $62,116 |
| C CRAMER | INTERIM PRES SVP,CRO(EFF 1/24) Officer | 60 | $792,461 | $0 | $49,173 |
| M BLACK | VP & SENIOR TECHNICAL ADVISOR Officer | 60 | $569,905 | $0 | $55,839 |
| C FARMER | SVP, COO Officer | 60 | $580,806 | $0 | $20,854 |
| R BORGER | SVP, CHRO Officer | 30 | $0 | $527,939 | $45,695 |
| J SHANNON | TRUSTEE Trustee or director | 8 | $72,316 | $438,125 | $0 |
| M MURRAY | VP, LEGAL & CORPORATE AFFAIRS Officer | 30 | $0 | $451,542 | $48,464 |
| S KERBER | VP, EXECUTIVE DIRECTOR - FSRI Officer | 60 | $438,518 | $0 | $47,755 |
| D CONCEPCION | VP, CONTROLLER Officer | 30 | $0 | $417,251 | $46,204 |
| K DELPHOS | VP, CORP. COMMUNICATIONS & PR Officer | 60 | $407,985 | $0 | $39,625 |
| B LONG | VP, LEGAL AFFAIRS Officer | 30 | $0 | $420,567 | $25,137 |
20 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| J CANFIELD | VP OF STRATEGY Officer | 30 | $0 | $402,643 | $40,803 |
| V MODEKURTI | SVP, CIO Officer | 30 | $0 | $397,164 | $44,823 |
| J CRISMAN | VP, EXECUTIVE DIRECTOR OF DSRI Officer | 60 | $374,696 | $0 | $38,499 |
| S MILLER | VP, EXECUTIVE DIRECTOR - MDRI Officer | 60 | $370,937 | $0 | $39,304 |
| J JEEVARAJAN | VP, EXECUTIVE DIRECTOR OF ESRI Officer | 60 | $374,591 | $0 | $23,522 |
| D MADRZYKOWSKI | DIRECTOR OF RESEARCH, FSRI Highest-paid employee | 60 | $366,255 | $0 | $25,342 |
| G PUMPUNI-LENSS | DIRECTOR, OPERATIONS PROGRAM Highest-paid employee | 60 | $350,215 | $0 | $23,016 |
| J DOLLIVE | TRUSTEE Trustee or director | 8 | $182,500 | $182,813 | $0 |
| Z SUSICE | DIRECTOR, STRATEGY & MARKETING Highest-paid employee | 60 | $344,499 | $0 | $20,273 |
| G WILLIAMS | TRUSTEE Trustee or director | 8 | $207,616 | $152,452 | $0 |
| C WRIGHT | RESEARCH DIRECTOR Highest-paid employee | 60 | $308,122 | $0 | $19,151 |
| V PATEL | TREASURER Officer | 30 | $0 | $292,945 | $18,119 |
| G HORN | RESEARCH DIRECTOR Highest-paid employee | 60 | $278,756 | $0 | $27,822 |
| E TOERSTAD | TRUSTEE Trustee or director | 6 | $172,797 | $115,313 | $0 |
| K SZCZECH | SVP, TREASURER - UL SOLUTIONS Former | 0 | $0 | $283,672 | $0 |
| B MONKS | FORMER VP - UL SOLUTIONS Former | 0 | $0 | $261,620 | $0 |
| P KHOURY | TRUSTEE Trustee or director | 8 | $180,000 | $43,750 | $0 |
| D PINES | TRUSTEE Trustee or director | 6 | $167,500 | $0 | $0 |
| R OWEN | TRUSTEE Trustee or director | 0 | $167,500 | $0 | $0 |
| M SCHMID | TRUSTEE Trustee or director | 6 | $165,000 | $0 | $0 |
990 for the year ended December 31, 2023: 43 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| K WILLIAMS | FORMER PRES/CEO - UL SOLUTIONS Former | 0 | $0 | $20,923,103 | $0 |
| W ZHOU | EVP/PRES (TIC) - UL SOLUTIONS Former | 0 | $0 | $4,515,607 | $69,162 |
| T BRADY | PRESIDENT & CEO (UNTIL 11/23) Trustee or director, Officer | 54 | $1,876,493 | $2,024,134 | $61,854 |
| M SALTZMAN | FORMER SVP - UL SOLUTIONS Former | 0 | $0 | $2,541,863 | $0 |
| C CORREIA | FORMER VP - UL SOLUTIONS Former | 0 | $0 | $2,504,231 | $0 |
| R ROBINSON | EVP & CFO - UL SOLUTIONS Former | 0 | $0 | $2,099,311 | $68,862 |
| A GROOM | FMR SVP CHIEF HRO-UL SOLUTIONS Former | 0 | $0 | $2,016,832 | $0 |
| J FISCHER | FORMER EVP - UL SOLUTIONS Former | 0 | $0 | $1,608,917 | $0 |
| J MCLAUGHLIN | EVP & CLO -UL SOLUTIONS Former | 0 | $0 | $1,015,845 | $39,000 |
| S WEBSTER | VP - UL SOLUTIONS Former | 0 | $0 | $914,600 | $48,290 |
| T RIVELLI | SVP & CLO, CORPORATE SECRETARY Officer | 40 | $0 | $870,243 | $54,354 |
| R BLAUSTEIN | SVP & CFO Officer | 30 | $0 | $729,141 | $60,534 |
| C CRAMER | INTERIM PRESIDENT/CRO Officer | 60 | $600,020 | $0 | $61,854 |
| B MONKS | FORMER VP - UL SOLUTIONS Former | 0 | $129,312 | $516,504 | $0 |
| M BLACK | VP & SR. TECHNICAL ADVISOR Officer | 60 | $546,950 | $0 | $61,854 |
| J SHANNON | TRUSTEE Trustee or director | 8 | $85,000 | $493,338 | $0 |
| C FARMER | SVP, COO Officer | 60 | $561,637 | $0 | $12,890 |
| R BORGER | SVP & CHIEF HR OFFICER Officer | 30 | $0 | $476,141 | $53,041 |
| K SZCZECH | SVP/ TREAS - UL SOLUTIONS Former | 0 | $0 | $529,114 | $0 |
| S KERBER | VP, EXECUTIVE DIRECTOR - FSRI Officer | 60 | $412,421 | $0 | $57,081 |
| E WEST | VP/ASST SEC - UL SOLUTIONS Former | 0 | $0 | $424,290 | $37,606 |
| J CANFIELD | VP OF STRATEGY Officer | 30 | $0 | $389,018 | $58,830 |
| J DOLLIVE | TRUSTEE Trustee or director | 8 | $182,500 | $237,188 | $0 |
| J JEEVARAJAN | VP, EXECUTIVE DIRECTOR OF ESRI Officer | 60 | $374,654 | $0 | $41,849 |
| D MADRZYKOWSKI | DIRECTOR OF RESEARCH, FSRI Highest-paid employee | 60 | $356,476 | $0 | $43,515 |
| K DELPHOS | VP, CORP. COMMUNICATIONS & PR Officer | 60 | $336,450 | $0 | $50,165 |
| M MURRAY | VP, LEGAL & CORPORATE AFFAIRS Officer | 30 | $0 | $328,002 | $45,904 |
| B LONG | VP, LEGAL AFFAIRS Officer | 30 | $0 | $318,075 | $51,683 |
| V MODEKURTI | SVP & CIO (AS OF 2/23) Officer | 30 | $0 | $329,171 | $31,796 |
| Z SUSICE | DIRECTOR, STRATEGY & MARKETING Highest-paid employee | 60 | $313,572 | $0 | $40,208 |
| D CONCEPCION | VP, CONTROLLER Officer | 30 | $0 | $296,357 | $54,182 |
| J CRISMAN | VP, EXECUTIVE DIRECTOR OF DSRI Officer | 60 | $296,254 | $0 | $47,673 |
| S MILLER | VP, EXECUTIVE DIRECTOR - MDRI Officer | 60 | $290,876 | $0 | $35,845 |
| C WRIGHT | RESEARCH DIRECTOR Highest-paid employee | 60 | $272,041 | $0 | $32,332 |
| M BHATTACHARYYA | DIRECTOR STRATEGIC COMM. Highest-paid employee | 30 | $120,164 | $139,709 | $44,139 |
| G PUMPUNI-LENSS | DIRECTOR, OPERATIONS PROGRAM Highest-paid employee | 60 | $263,137 | $0 | $34,856 |
| V PATEL | TREASURER (AS OF 2/23) Officer | 30 | $0 | $213,665 | $21,320 |
| G WILLIAMS | TRUSTEE Trustee or director | 8 | $180,000 | $0 | $0 |
| P KHOURY | TRUSTEE Trustee or director | 8 | $180,000 | $0 | $0 |
| D PINES | TRUSTEE Trustee or director | 6 | $170,180 | $0 | $0 |
| R OWEN | TRUSTEE Trustee or director | 6 | $167,500 | $0 | $0 |
| M SCHMID | TRUSTEE Trustee or director | 6 | $167,002 | $0 | $0 |
| E TOERSTAD | TRUSTEE Trustee or director | 6 | $139,062 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1603 ORRINGTON AVESUITE 1700, EVANSTON, IL 60201-0000
- In care of
- % VISHAL PATEL
- Principal officer (990 for 2024)
- JIM HUDGENS, 1603 ORRINGTON AVE UNIT 17, EVANSTON, IL 60201
- Signed the 990
- VISHAL PATEL, TREASURER
- Phone
- (224) 714-0919
- Website
- WWW.UL.ORG
- Return prepared by
- PWC US TAX LLP
Mission
SEE SCHEDULE O
Program accomplishments
- UNDERWRITERS LABORATORIES INC. PERFORMS RESEARCH & INVESTIGATION TO ADVANCE SAFETY SCIENCE. ADDITIONALLY, THE ORGANIZATION ENGAGES IN PUBLIC ADVOCACY AND PROVIDES EDUCATION TO THE PUBLIC TO ENHANCE SAFETY AWARENESS.Expenses $68,641,997 · grants $9,317,877 · revenue $17,000
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
- 36-1892375
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1955
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W900)
- Assets (IRS master file)
- $1,137,679,070
- Income (IRS master file)
- $231,331,304
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $46,451,010 | $110,181,419 | $1,137,679,070 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $15,352,626 | $91,654,071 | $1,071,845,446 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,640,913 | $59,203,846 | $950,640,126 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
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 36-1892375).
Questions about UNDERWRITERS LABORATORIES INC
- What is the EIN of UNDERWRITERS LABORATORIES INC?
- The employer identification number (EIN) of UNDERWRITERS LABORATORIES INC is 36-1892375.
- Is UNDERWRITERS LABORATORIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1955.
- Are donations to UNDERWRITERS LABORATORIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNDERWRITERS LABORATORIES 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 UNDERWRITERS LABORATORIES 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 UNDERWRITERS LABORATORIES 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 UNDERWRITERS LABORATORIES INC?
- The 990 for the year ended December 31, 2024 names JIM HUDGENS.
- Who are the officers and directors of UNDERWRITERS LABORATORIES INC?
- The 990 for the year ended December 31, 2024 lists 35 people; 22 received compensation from the organization.
- How much revenue does UNDERWRITERS LABORATORIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $46,451,010, expenses of $110,181,419 and total assets of $1,137,679,070 at year end.
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