Underwriters Laboratories Inc
- Assets
- $1.1b
- Revenue
- $1.2b
- Investments
- $0.0
- Employees
- 118
- Location
- Northbrook, IL
- Founding
- 02/1955
- Data as of
- 12/2021
- EIN
- 36-1892375
Organization Overview
Underwriters Laboratories Inc, operating under the name UL Research Institutes, is located in Northbrook, IL. The organization was established in 1955. According to its NTEE Classification (W90) the organization is classified as: Consumer Protection, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, UL Research Institutes employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. UL Research Institutes 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, UL Research Institutes generated $1.2b in total revenue. All expenses for the organization totaled $7.7b during the year ending 12/2021.
Since 2014, UL Research Institutes has awarded 202 individual grants totaling $7,641,747,222. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
UNDERWRITERS LABORATORIES INC. PERFORMS RESEARCH & INVESTIGATION TO ADVANCE SAFETY SCIENCE AND UPHOLD THE SAFETY STANDARDS. THE ORGANIZATION DEVELOPS, MAINTAINS, AND DISTRIBUTES SAFETY STANDARDS TO SUPPORT ITS MISSION OF PROMOTING SAFE LIVING AND WORKING ENVIRONMENTS. ADDITIONALLY, THE ORGANIZATION ENGAGES IN PUBLIC ADVOCACY AND PROVIDES EDUCATION TO THE PUBLIC TO ENHANCE SAFETY AWARENESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T Brady President & Ceo, Trustee | OfficerTrustee | 59 | $1,473,035 |
M Black VP | Officer | 60 | $513,269 |
B Monks VP | Officer | 59 | $432,375 |
S Kerber VP | Officer | 60 | $377,280 |
P Piqueira VP (through 11/2021) | Officer | 59 | $314,288 |
C Gizzi VP | Officer | 60 | $304,743 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dragonspears Program Services | 12/30/21 | $1,531,648 |
Siegel And Gale Llc Marketing | 12/30/21 | $1,800,409 |
Tatum Management Services | 12/30/21 | $1,093,599 |
Lazard Freres Co Llc Financial Advisory | 12/30/21 | $1,000,000 |
Telesto Strategy Llc Consulting | 12/30/21 | $1,342,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,036,769 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,094,530 |
| Total Program Service Revenue | $16,307,513 |
| Investment income | $1,860,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,679,134 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,200,000,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,224,941,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,634,418,053 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $435,993 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,905,299 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,643,652 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,202,264 |
| Payroll taxes | $56,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,228,254 |
| Fees for services: Accounting | $296,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,615,854 |
| Advertising and promotion | $375,896 |
| Office expenses | $2,412,171 |
| Information technology | $47,400 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $369,701 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $619,891 |
| Interest | $1,224,853 |
| Payments to affiliates | $930,937 |
| Depreciation, depletion, and amortization | $1,154,695 |
| Insurance | $61,985 |
| All other expenses | $2,269,472 |
| Total functional expenses | $7,689,230,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,743,234 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500,692 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,020,460,276 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $185,607 |
| Net Land, buildings, and equipment | $2,712,195 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,425 |
| Other assets | $1,576,812 |
| Total assets | $1,099,187,241 |
| Accounts payable and accrued expenses | $12,849,189 |
| 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 | $1,781,020 |
| Total liabilities | $14,630,209 |
| Net assets without donor restrictions | $1,084,557,032 |
| 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 | $1,099,187,241 |
Grants Awarded
Over the last fiscal year, Underwriters Laboratories Inc has awarded $7,634,398,053 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Northbrook, IL PURPOSE: CONTRIBUTION | $7,632,896,943 |
Cleveland, OH PURPOSE: SPONSORSHIP | $600,000 |
Adelphi, MD PURPOSE: SPONSORSHIP | $190,000 |
Houston, TX PURPOSE: SPONSORSHIP | $122,994 |
West Lafayette, IN PURPOSE: SPONSORSHIP | $90,000 |
Atlanta, GA PURPOSE: Sponsorship | $87,261 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Universal Service Fund Inc Jefferson City, MO | $882,014 | $360 |
St Joseph Safety And Health Council Inc Saint Joseph, MO | $179,134 | $411,738 |
Illinois Pirg Education Fund Chicago, IL | $731,422 | $466,930 |
Community Service Center Of Wilmore - High Bridge Inc Wilmore, KY | $142,009 | $278,697 |
Key Consumer Organization Incorporated Indianapolis, IN | $40,886 | $153,821 |
Cameron Missouri Veterans Home Assistance League Cameron, MO | $617,857 | $242,816 |
Public Action Foundation Chicago, IL | $57,035 | $0 |
Missouri Association For Persons With Intellectual Disabilities Inc Cape Girardeau, MO | $1,200,176 | $40,992 |
Kansas City Regional Transit Alliance Kansas City, MO | $46,733 | $0 |