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Nonprofiteer
← ULSE INC

Form 990 for tax year 2022

Filed by ULSE INC.

Totals

Total revenue
$1,619,625,676
Total expenses
$39,794,315
Contributions and grants received
$0
Grants paid
$403,851
Program service revenue
$27,011,418
Investment income
$1,592,614,258
Other revenue
$0
Total assets, end of year
$1,340,148,729
Total liabilities, end of year
$9,096,937
Net assets or fund balances, end of year
$1,331,051,792
Program services expenses (Part IX)
$25,702,696
Management and general expenses
$14,091,619
Fundraising expenses
$0
Program service expenses (Part III)
$25,702,696

Program services were 64.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: STANDARDS FEE

    total $26,998,492 · related or exempt $26,998,492

  • 2b · Program service revenue: CONTRACT REVENUE

    total $12,926 · related or exempt $12,926

  • 3 · Investment income

    total $1,602,400,527 · unrelated business $4,186,815 · excluded $1,598,213,712

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $98,471,539

  • 7b · Less cost or other basis and sales expenses

    securities $108,257,808

  • 7c · Gain or loss

    securities -$9,786,269

  • 7d · Net gain or loss

    total -$9,786,269 · excluded -$9,786,269

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $401,530 · program services $401,530

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $2,321 · program services $2,321

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $3,460,028 · program services $3,460,028

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $8,885,975 · program services $6,712,611 · management and general $2,173,364

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $2,658,473 · program services $2,440,419 · management and general $218,054

  • 10 · Payroll taxes

    total $928,732 · management and general $928,732

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $843,915 · program services $79,163 · management and general $764,752

  • 11c · Fees: accounting

    total $51,460 · management and general $51,460

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $1,007,674 · management and general $1,007,674

  • 11g · Fees: other

    total $10,205,640 · program services $4,841,497 · management and general $5,364,143

  • 12 · Advertising and promotion

    total $968,670 · program services $62,606 · management and general $906,064

  • 13 · Office expenses

    total $1,107,008 · program services $371,503 · management and general $735,505

  • 14 · Information technology

    total -$664,484 · program services $14,042 · management and general -$678,526

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $479,496 · program services $326,679 · management and general $152,817

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $179,045 · program services $63,341 · management and general $115,704

  • 20 · Interest

    total $584,801 · program services $584,801

  • 21 · Payments to affiliates

    total $3,412,277 · program services $3,412,277

  • 22 · Depreciation, depletion and amortization

    total $181,144 · program services $181,144

  • 23 · Insurance

    total $62,940 · management and general $62,940

  • 24a · Other expenses: ACCREDITATION/MEMBERSHIP

    total $187,844 · program services $183,272 · management and general $4,572

  • 24b · Other expenses: TRAINING/RECRUITING

    total $2,025,140 · program services $88,825 · management and general $1,936,315

  • 24c · Other expenses: OTHER TAX

    total $2,411,348 · program services $2,411,348 · management and general $0

  • 24d · Other expenses: OTHER EXPENSE

    total $410,738 · program services $65,289 · management and general $345,449

  • 24e · All other expenses

    total $2,600 · management and general $2,600

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,402,556 · end of year $18,072,948

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,541,625 · end of year $2,600,574

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $113,621 · end of year $1,134,828

  • 10a · Land, buildings and equipment: cost or other basis

    $130,174

  • 10b · Land, buildings and equipment: accumulated depreciation

    $130,174

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $91,231,976

  • 12 · Investments: other securities

    beginning of year $838,932,120 · end of year $1,223,403,366

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $533,938 · end of year $3,705,037

  • 15 · Other assets

    beginning of year $215 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,327,200 · end of year $8,133,135

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $777,678 · end of year $898,467

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,020,460,276 · end of year $65,335

  • 27 · Net assets without donor restrictions

    beginning of year -$172,041,079 · end of year $1,331,051,792

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

SEE SCHEDULE O

  • ULSE INC. DEVELOPS AND PUBLISHES CONSENSUS STANDARDS THAT HELP GUIDE THE SAFETY AND SUSTAINABILITY OF NEW AND EVOLVING PRODUCTS, TECHNOLOGIES, AND SERVICES THAT RANGE FROM HOUSEHOLD APPLIANCES, SMOKE ALARMS, AND BATTERIES TO BUILDING MATERIALS, CYBERSECURITY, AND AUTONOMOUS VEHICLES FOR THE BENEFIT OF THE PUBLIC.

    Expenses $25,702,696 · Grants $403,851 · Revenue $27,011,418

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • T Brady

    Director

    Total calculated
    $4,432,741
    From this org
    $0
    From related orgs
    $4,395,256
    Other
    $37,485
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $656,965 related
    Bonus
    $0 + $3,718,160 related
    Other
    $0 + $20,131 related
    Deferred
    $0 + $27,000 related
    Nontaxable benefits
    $0 + $10,485 related
    Filer's total
    $0 + $4,432,741 related

  • R Robinson

    SVP & CFO (UNTIL 8/22)

    Total calculated
    $3,387,784
    From this org
    $0
    From related orgs
    $2,389,681
    Other
    $998,103
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $611,229 related
    Bonus
    $0 + $1,758,407 related
    Other
    $0 + $20,045 related
    Deferred
    $0 + $985,132 related
    Nontaxable benefits
    $0 + $12,971 related
    Filer's total
    $0 + $3,387,784 related

  • T Rivelli

    SVP, CLO, Secretary

    Total calculated
    $862,700
    From this org
    $729,393
    From related orgs
    $55,060
    Other
    $78,247
    Hours/week
    20 + 40 related

    Schedule J breakdown matched by us

    Base
    $411,347
    Bonus
    $315,000 + $55,060 related
    Other
    $3,046
    Deferred
    $20,500 + $48,260 related
    Nontaxable benefits
    $9,487
    Filer's total
    $759,380 + $103,320 related

  • K Szczech

    SVP/TREASURER (UNTIL 8/22)

    Total calculated
    $609,466
    From this org
    $0
    From related orgs
    $474,520
    Other
    $134,946
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $139,523 related
    Bonus
    $0 + $315,222 related
    Other
    $0 + $19,775 related
    Deferred
    $0 + $129,137 related
    Nontaxable benefits
    $0 + $5,809 related
    Filer's total
    $0 + $609,466 related

  • E West

    VP & ASSIST SEC (UNTIL 8/22)

    Total calculated
    $541,242
    From this org
    $0
    From related orgs
    $520,742
    Other
    $20,500
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,858 related
    Bonus
    $0 + $242,269 related
    Other
    $0 + $615 related
    Deferred
    $0 + $20,500 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $541,242 related

  • R Blaustein

    SVP, CFO (AS OF 5/22)

    Total calculated
    $535,762
    From this org
    $516,684
    From related orgs
    $0
    Other
    $19,078
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $321,011
    Bonus
    $195,000
    Other
    $673
    Deferred
    $15,212
    Nontaxable benefits
    $3,866
    Filer's total
    $535,762

  • J Canfield

    VP OF STRATEGY

    Total calculated
    $424,522
    From this org
    $385,527
    From related orgs
    $0
    Other
    $38,995
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $248,681
    Bonus
    $130,359
    Other
    $6,487
    Deferred
    $27,000
    Nontaxable benefits
    $11,995
    Filer's total
    $424,522

  • D Steel

    Executive Director of ULSE

    Total calculated
    $403,845
    From this org
    $381,183
    From related orgs
    $0
    Other
    $22,662
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $379,172
    Bonus
    $0
    Other
    $2,011
    Deferred
    $20,500
    Nontaxable benefits
    $2,162
    Filer's total
    $403,845

  • J Shannon

    Director

    Total calculated
    $389,322
    From this org
    $41,250
    From related orgs
    $348,072
    Other
    $0
    Hours/week
    5 + 14 related

    Schedule J breakdown matched by us

    Base
    $41,250 + $348,072 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $41,250 + $348,072 related

  • P Piqueira

    VP

    Total calculated
    $364,710
    From this org
    $343,783
    From related orgs
    $0
    Other
    $20,927
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $239,514
    Bonus
    $102,957
    Other
    $1,312
    Deferred
    $20,500
    Nontaxable benefits
    $427
    Filer's total
    $364,710

  • D Wroth

    Director- Data Science

    Total calculated
    $341,104
    From this org
    $305,664
    From related orgs
    $0
    Other
    $35,440
    Hours/week
    59 + 1 related

    Schedule J breakdown matched by us

    Base
    $224,529
    Bonus
    $79,745
    Other
    $1,390
    Deferred
    $27,000
    Nontaxable benefits
    $8,440
    Filer's total
    $341,104

  • S Bird

    VP, Int Standards

    Total calculated
    $321,758
    From this org
    $288,388
    From related orgs
    $0
    Other
    $33,370
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $208,281
    Bonus
    $76,115
    Other
    $3,992
    Deferred
    $26,924
    Nontaxable benefits
    $6,446
    Filer's total
    $321,758

  • G Borlase

    VP, Standards Program

    Total calculated
    $305,332
    From this org
    $284,569
    From related orgs
    $0
    Other
    $20,763
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $207,940
    Bonus
    $76,341
    Other
    $288
    Deferred
    $10,497
    Nontaxable benefits
    $10,266
    Filer's total
    $305,332

  • R Borger

    VP OF HR

    Total calculated
    $303,469
    From this org
    $286,103
    From related orgs
    $0
    Other
    $17,366
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $284,650
    Bonus
    $0
    Other
    $1,453
    Deferred
    $13,628
    Nontaxable benefits
    $3,738
    Filer's total
    $303,469

  • S Brooks

    Director Standards Operations

    Total calculated
    $291,740
    From this org
    $259,628
    From related orgs
    $0
    Other
    $32,112
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $188,326
    Bonus
    $70,589
    Other
    $713
    Deferred
    $23,573
    Nontaxable benefits
    $8,539
    Filer's total
    $291,740

  • R Olesen

    Standards Manager

    Total calculated
    $273,070
    From this org
    $246,026
    From related orgs
    $0
    Other
    $27,044
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $203,873
    Bonus
    $37,384
    Other
    $4,769
    Deferred
    $20,500
    Nontaxable benefits
    $6,544
    Filer's total
    $273,070

  • J Musso

    Standards Program Manager

    Total calculated
    $268,780
    From this org
    $217,840
    From related orgs
    $0
    Other
    $50,940
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $176,947
    Bonus
    $39,382
    Other
    $1,511
    Deferred
    $25,470
    Nontaxable benefits
    $25,470
    Filer's total
    $268,780

  • D Jordan

    Director, Standards Programs

    Total calculated
    $261,540
    From this org
    $230,367
    From related orgs
    $0
    Other
    $31,173
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $186,709
    Bonus
    $40,107
    Other
    $3,551
    Deferred
    $26,249
    Nontaxable benefits
    $4,924
    Filer's total
    $261,540

  • D Concepcion

    VP, Controller

    Total calculated
    $116,469
    From this org
    $110,944
    From related orgs
    $0
    Other
    $5,525
    Hours/week
    30 + 30 related

  • J Wittenberg

    Trustee (AS OF 5/22)

    Total calculated
    $110,000
    From this org
    $110,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • D McKnight

    Head of Partnerships

    Total calculated
    $27,103
    From this org
    $26,345
    From related orgs
    $0
    Other
    $758
    Hours/week
    60

  • K Denis

    Head of Communications

    Total calculated
    $22,184
    From this org
    $20,436
    From related orgs
    $0
    Other
    $1,748
    Hours/week
    60

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3 - Compensation of Organization's CEO/Executive Director
THE PROCESS OF DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR, ALL OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION IS PERFORMED ANNUALLY. AN INDEPENDENT COMPENSATION CONSULTANT COMPLETES AN ANALYSIS OF COMPARABLE AND COMPETITIVE MARKET DATA WITH DATA ASSISTANCE FROM ULSE INC.'S HR/COMPENSATION GROUP. IT COVERS TOP MANAGEMENT OFFICIALS OF THE ORGANIZATION, INCLUDING ELECTED OFFICERS THROUGH VICE PRESIDENTS. THE ANALYSIS IS REVIEWED BY THE BOARD OF DIRECTORS, WHO PROVIDES FINAL APPROVAL OF ALL COMPENSATION ARRANGEMENTS. THE EXECUTIVE DIRECTOR AND VP OF HR ARE PRESENT IN ALL BOARD MEETINGS BUT RECUSE THEMSELVES FOR DISCUSSION OF THEIR COMPENSATION. IN ADDITION, THE ORGANIZATION FOLLOWS THE PROCEDURES UNDER TREASURY REGULATION SECTION 53.4958-6 TO MEET THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR ALL TRANSACTIONS WITH DISQUALIFIED PERSONS. A WRITTEN EMPLOYMENT CONTRACT IS ESTABLISHED FOR ALL OFFICERS.
Part I, Line 4 - Severance, Nonqualified, and Equity-Based Payments
Severance Nonqualified Equity-Based Comp BRADY 0 16,715 2,482,160 ROBINSON 0 14,600 548,995 RIVELLI 0 0 27,652 SZCZECH 0 0 66,442
Part I, Line 7 - Non-Fixed Payments
THE COMPANY HAS AN ALL EMPLOYEE INCENTIVE PLAN. THE PLAN IS BASED ON A COMBINATION OF THE COMPANY'S FINANCIAL PERFORMANCE MEASURES, AND DISCRETIONARY INDIVIDUAL ASSESSMENT, AS APPROVED BY THE COMPENSATION COMMITTEE.
Part III - Other Additional Information
THE FOLLOWING OFFICERS AND FORMER OFFICERS WERE COMPENSATED FROM ULSE INC.'S RELATED ORGANIZATIONS, UL LLC AND ULRI: SHANNON, BRADY, RIVELLI, WEST, SZCZECH AND ROBINSON. THE RELATED ORGANIZATIONS ALSO PROVIDED SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS TO BRADY (AS AN OFFICER OF THE RELATED ORG) AND ROBINSON. IN 2022 ULRI CONTRIBUTED $16,715 TO BRADY'S PLAN AND UL LLC CONTRIBUTED $14,600 TO ROBINSON'S PLAN.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • UL DO BRASIL CERTIFICACOES

    PBLC SFTY · BR

    Directly controlled by UL HBV

  • ULC STANDARDS

    PBLC SFTY · CA · controlled entity

    Directly controlled by ULSE

  • UNDERWRITERS LABORATORIES INC

    501(C)(3) · PBLC SFTY · DE

    Directly controlled by NA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • UL LLC

    C · PBLC SFTY · DE · 100% owned · share of income -$3,030,218 · share of assets $1,540,342,019 · controlled entity

    Directly controlled by UL INC

  • UL VERIFICATION SERVICES INC

    C · PBLC SFTY · DE · 100% owned · share of income $16,515,025 · share of assets $573,745,453 · controlled entity

    Directly controlled by UL LLC

  • UL CCIC CO LTD

    C · PBLC SFTY · CH · 70% owned · share of income -$59,393,914 · share of assets $174,227,629 · controlled entity

    Directly controlled by UL INC

  • UL DE ARGENTINA SRL

    C · PBLC SFTY · AR · 100% owned · share of income -$806,559 · share of assets $2,893,806 · controlled entity

    Directly controlled by UL SA RL

  • UL DE MEXICO SA DE CV

    C · PBLC SFTY · MX · 100% owned · share of income -$685,146 · share of assets $14,916,593 · controlled entity

    Directly controlled by UL SA RL

  • UL DO BRASIL LTDA

    C · PBLC SFTY · BR · 100% owned · share of income $4,329,913 · share of assets $14,522,430 · controlled entity

    Directly controlled by UL SA RL

  • UL (CHINA) HOLDINGS COMPANY LTD

    C · PBLC SFTY · CH · 100% owned · share of income -$904,801 · share of assets $32,957,415 · controlled entity

    Directly controlled by UL SINGAPORE

  • UL INDIA PRIVATE LTD

    C · PBLC SFTY · IN · 100% owned · share of income -$2,681,731 · share of assets $44,433,936 · controlled entity

    Directly controlled by UL SINGAPORE

  • UL INTERNATIONAL (FRANCE) SA

    C · PBLC SFTY · FR · 100% owned · share of income -$654,233 · share of assets $5,871,886 · controlled entity

    Directly controlled by UL SA RL

  • UL INTERNATIONAL (GERMANY) GMBH

    C · PBLC SFTY · GM · 100% owned · share of income -$988,980 · share of assets $127,156,549 · controlled entity

    Directly controlled by UL SA RL

  • UL INTERNATIONAL (ITALIA) SRL

    C · PBLC SFTY · IT · 100% owned · share of income -$1,334,074 · share of assets $89,122,699 · controlled entity

    Directly controlled by UL SA RL

  • UL INTERNATIONAL (NETHERLANDS) BV

    C · PBLC SFTY · NL · 100% owned · share of income -$247,564 · share of assets $7,366,240 · controlled entity

    Directly controlled by UL GMBH

  • UL INTERNATIONAL (SWEDEN) AB

    C · PBLC SFTY · SW · 100% owned · share of income -$55,677 · share of assets $495,929 · controlled entity

    Directly controlled by UL SA RL

  • UL INTERNATIONAL (UK) LTD

    C · PBLC SFTY · UK · 100% owned · share of income -$201,680 · share of assets $159,231,919 · controlled entity

    Directly controlled by UL SA RL

  • UL INTERNATIONAL AUSTRALIA PTY LTD

    C · PBLC SFTY · AS · 100% owned · share of income -$12,607 · share of assets $2,402,724 · controlled entity

    Directly controlled by UL GMBH

  • UL INTERNATIONAL DEMKO AS

    C · PBLC SFTY · DA · 100% owned · share of income -$382,353 · share of assets $16,563,122 · controlled entity

    Directly controlled by UL SA RL

  • UL INTERNATIONAL LTD

    C · PBLC SFTY · HK · 100% owned · share of income -$82,307 · share of assets $20,516,286 · controlled entity

    Directly controlled by UL SA RL

  • UL INTERNATIONAL NEW ZEALAND LTD

    C · PBLC SFTY · NZ · 100% owned · share of income $35,408 · share of assets $3,751,622 · controlled entity

    Directly controlled by UL SA RL

  • UL INTERNATIONAL POLSKA SP ZOO

    C · PBLC SFTY · PL · 100% owned · share of income -$608,253 · share of assets $10,176,178 · controlled entity

    Directly controlled by UL SA RL

  • UL JAPAN INC

    C · PBLC SFTY · JA · 100% owned · share of income -$15,047,648 · share of assets $139,323,446 · controlled entity

    Directly controlled by UL SA RL

  • UL KOREA LTD

    C · PBLC SFTY · KN · 100% owned · share of income -$1,950,965 · share of assets $49,892,970 · controlled entity

    Directly controlled by UL SA RL

  • UL SERVICES (MALAYSIA) SDN BHD

    C · PBLC SFTY · MY · 100% owned · share of income -$24,739 · share of assets $446,707 · controlled entity

    Directly controlled by UL SA RL

  • UL VERIFICATION SERVICES (GUANGZHOU)

    C · PBLC SFTY · CH · 100% owned · share of income -$978,476 · share of assets $17,474,384 · controlled entity

    Directly controlled by UL VS PTY LTD

  • UL VERIFICATION SERVICES PVT LTD

    C · PBLC SFTY · SN · 100% owned · share of income -$811,507 · share of assets $17,169,583 · controlled entity

    Directly controlled by UL SA RL

  • UNDERWRITERS LABORATORIES IBERICA SL

    C · PBLC SFTY · SP · 100% owned · share of income -$193,202 · share of assets $2,371,037 · controlled entity

    Directly controlled by UL SA RL

  • UNDERWRITERS LABORATORIES TAIWAN CO LTD

    C · PBLC SFTY · TW · 100% owned · share of income -$4,759,247 · share of assets $73,699,164 · controlled entity

    Directly controlled by UL GMBH

  • UNDERWRITERS LABORATORIES THAILAND LTD

    C · PBLC SFTY · TH · 100% owned · share of income -$28,766 · share of assets $3,000,212 · controlled entity

    Directly controlled by UL LLC

  • UNDERWRITERS LABORATORIES OF CANADA

    C · PBLC SFTY · CA · 100% owned · share of income -$406,521 · share of assets $47,076,880 · controlled entity

    Directly controlled by UL SA RL

  • MD REGISTRATION SUPPORT LTD

    C · PBLC SFTY · GM · 100% owned · share of income $55,393 · share of assets $12,972 · controlled entity

    Directly controlled by UL SA RL

  • UNDERWRITERS LABORATORIES ME FZCO

    C · PBLC SFTY · AE · 100% owned · share of income -$277,165 · share of assets $4,960,860 · controlled entity

    Directly controlled by UL SA RL

  • RFI CHINA HOLDINGS LIMITED

    C · PBLC SFTY · HK · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by UL SA RL

  • UL INC

    C · PBLC SFTY · DE · 100% owned · share of income -$3,809,074 · share of assets $1,037,215,772 · controlled entity

    Directly controlled by UL INC(NFP)

  • UL TRANSACTION SECURITY PTY LTD

    C · PBLC SAFETY · AS · 100% owned · share of income -$539,063 · share of assets $3,544,683 · controlled entity

    Directly controlled by UL GMBH

  • STR BANGLADESH PRIVATE LTD

    C · PBLC SFTY · BG · 100% owned · share of income $4,800 · share of assets $126,290 · controlled entity

    Directly controlled by UL VS HK

  • UL VS BANGLADESH LTD

    C · PBLC SFTY · BG · 100% owned · share of income -$858,096 · share of assets $9,443,900 · controlled entity

    Directly controlled by UL SA RL

  • DEWI DO BRASIL EDEE LTDA

    C · PBLC SFTY · BR · 100% owned · share of income $60,672 · share of assets $367,151 · controlled entity

    Directly controlled by DEWI GMBH

  • UL VS SHANGHAI LIMITED

    C · PBLC SFTY · CH · 100% owned · share of income $1,459,449 · share of assets $70,540,466 · controlled entity

    Directly controlled by UL VS HK

  • DEWI OFFSHORE & CERTIFICATION CNTR GMBH

    C · PBLC SFTY · GM · 100% owned · share of income $190,749 · share of assets $9,646,124 · controlled entity

    Directly controlled by DEWI GMBH

  • UL VS HONG KONG LIMITED

    C · PBLC SFTY · HK · 100% owned · share of income $2,620,744 · share of assets $135,157,795 · controlled entity

    Directly controlled by UL SA RL

  • INSTITUTO CERTIFICAZIONE QUALITA SRL

    C · PBLC SFTY · IT · 100% owned · share of income -$471,972 · share of assets $38,115,521 · controlled entity

    Directly controlled by ICQ H SRL

  • NUOVO ISTITUTO ITALIANO SICUREZZE DEI

    C · PBLC SFTY · IT · 100% owned · share of income $1,951,764 · share of assets $35,244,204 · controlled entity

    Directly controlled by ICQ H SRL

  • UNDERWRITERS LABORATORIES HOLDING BV

    C · HOLDING CO · NL · 100% owned · share of income $0 · share of assets $1,248,259,491 · controlled entity

    Directly controlled by UL SARL

  • UL RESPONSIBLE SOURCING MEXICO SA DE CV

    C · PBLC SFTY · MX · 100% owned · share of income -$20,187 · share of assets $426,825 · controlled entity

    Directly controlled by UL RS

  • UL TS BV

    C · PBLC SFTY · NL · 100% owned · share of income -$125,223 · share of assets $18,946,880 · controlled entity

    Directly controlled by COLLIS H BV

  • COLLIS HOLDING BV

    C · PBLC SFTY · NL · 100% owned · share of income $4,189 · share of assets $34,652,763 · controlled entity

    Directly controlled by UL SA RL

  • UL VS SOUTH AFRICA PROPRIETARY LTD

    C · PBLC SFTY · SF · 100% owned · share of income -$42,971 · share of assets $449,847 · controlled entity

    Directly controlled by UL SA RL

  • UL VS TAIWAN LTD

    C · PBLC SFTY · TW · 100% owned · share of income $117,218 · share of assets $3,848,051 · controlled entity

    Directly controlled by UL SA RL

  • ICQ (MED) SARL

    C · PBLC SFTY · TS · 100% owned · share of income -$277,733 · share of assets $1,804,058 · controlled entity

    Directly controlled by ICQ SRL

  • UL VS LHAS

    C · PBLC SFTY · TU · 100% owned · share of income -$1,264,111 · share of assets $3,531,071 · controlled entity

    Directly controlled by STR TURKEY

  • UL TS FZE

    C · PBLC SFTY · AE · 100% owned · share of income -$228,028 · share of assets $3,185,339 · controlled entity

    Directly controlled by COLLIS H BV

  • UL VERIFICATION SERVICES LTD

    C · PBLC SFTY · UK · 100% owned · share of income $10,144,065 · share of assets $109,484,484 · controlled entity

    Directly controlled by UL UK

  • UL VS VIETNAM CO LTD

    C · PBLC SFTY · VM · 100% owned · share of income $147,901 · share of assets $9,313,686 · controlled entity

    Directly controlled by UL SA RL

  • TESTTECH LABORATORIOS DE AVALIACAO DA CO

    C · PBLC SFTY · BR · 100% owned · share of income $1,355,796 · share of assets $5,558,582 · controlled entity

    Directly controlled by UL DO BRASIL LT

  • UL STS CO LTD

    C · PBLC SFTY · CH · 100% owned · share of income -$617,279 · share of assets $3,060,140 · controlled entity

    Directly controlled by EMT

  • FUTUREMARK OY

    C · PBLC SFTY · FI · 100% owned · share of income -$3,661,158 · share of assets $19,227,370 · controlled entity

    Directly controlled by UL INC

  • UL SHIMADZU LABORATORY CO

    C · PBLC SFTY · JA · 100% owned · share of income -$149,787 · share of assets $1,122,797 · controlled entity

    Directly controlled by UL INC

  • UL INTERNATIONAL GMBH

    C · PBLC SFTY · JA · 100% owned · share of income $3,373,410 · share of assets $57,788,784 · controlled entity

    Directly controlled by DEWI GMBH

  • GREEN SAFETY (SHANGHAI)

    C · PBLC SFTY · CH · 100% owned · share of income -$589 · share of assets $37,782,915 · controlled entity

    Directly controlled by UL SARL

  • UL INTERNATIONAL INDONESIA

    C · PBLC SFTY · ID · 100% owned · share of income -$48,149 · share of assets $1,191,856 · controlled entity

    Directly controlled by UL SARL

  • UL SERVICES GROUP LLC

    C · PBLC SFTY · NY · 100% owned · share of income -$3,425,579 · share of assets $63,149,640 · controlled entity

    Directly controlled by UL INC

  • CONSUMER TESTING LABORATORIES (FAR EAST)

    C · PBLC SFTY · HK · 100% owned · share of income -$1,171,069 · share of assets $10,947,945 · controlled entity

    Directly controlled by UL INC

  • CONSUMER TESTING LABORATORIES LTD

    C · OPBLC SFTY · BU · 100% owned · share of income -$1,407,865 · share of assets $9,261,640 · controlled entity

    Directly controlled by UL INC

  • AWS TRUEPOWER DO BRAZIL LTDA

    C · PBLC SFTY · BR · 100% owned · share of income -$181,568 · share of assets $1,473,356 · controlled entity

    Directly controlled by UL INC

  • CONSUMER TESTING LABORATORIES (SHENZHEN

    C · PBLC SFTY · BR · 100% owned · share of income -$828,970 · share of assets $6,308,224 · controlled entity

    Directly controlled by UL INC

  • CR EDIT 360 GLOBAL LIMITED

    C · PBLC SFTY · UK · 100% owned · share of income $6 · share of assets $1 · controlled entity

    Directly controlled by UL INC

  • SAFEWARE INVESTORS LIMITED

    C · PBLC SFTY · UK · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by UL INC

  • SAFEWARE QUASAR LIMITED

    C · PBLC SFTY · UK · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by UL INC

  • UL MOROCCO LLC

    C · PBLC SFTY · MO · 100% owned · share of income $63,482 · share of assets $14,375 · controlled entity

    Directly controlled by UL INC

  • UL DE COLOMBIA SAS

    C · PBLC SFTY · CO · 100% owned · share of income -$345,764 · share of assets $801,094 · controlled entity

    Directly controlled by UL INC

  • EMERGO ASIA PACIFIC LTD PTY

    C · PBLC SFTY · AS · 100% owned · share of income $9,748 · share of assets $445,842 · controlled entity

    Directly controlled by UL INC

  • EMERGO CONSULTING UK LIMITED

    C · PBLC SFTY · UK · 100% owned · share of income $340,428 · share of assets $1,561,276 · controlled entity

    Directly controlled by UL INC

  • EMERGO SINGAPORE CONSULTING PTE LTD

    C · PBLC SFTY · SN · 100% owned · share of income -$29,574 · share of assets $513,973 · controlled entity

    Directly controlled by UL INC

  • EMERGO TAIWAN LIMITED

    C · PBLC SFTY · TW · 100% owned · share of income -$11,498 · share of assets $437,196 · controlled entity

    Directly controlled by UL INC

  • EMERGO EUROPE BV

    C · PBLC SFTY · NL · 100% owned · share of income $41,252 · share of assets $8,395,546 · controlled entity

    Directly controlled by UL INC

  • EMERGO DEUTSCHLAND GMBH

    C · PBLC SFTY · NL · 100% owned · share of income $422,047 · share of assets $2,106,187 · controlled entity

    Directly controlled by UL INC

  • EMERGO FRANCE SAS

    C · PBLC SFTY · FR · 100% owned · share of income -$23,333 · share of assets $986,108 · controlled entity

    Directly controlled by UL INC

  • EMERGO EUROPE CONSULTING BV

    C · PBLC SFTY · NL · 100% owned · share of income -$1,813,876 · share of assets $11,323,195 · controlled entity

    Directly controlled by UL INC

  • EMERGO KOREA LIMITED

    C · PBLC SFTY · KN · 100% owned · share of income -$12,192 · share of assets $450,101 · controlled entity

    Directly controlled by UL INC

  • EMERGO ISRAEL LIMITED

    C · PBLC SFTY · IS · 100% owned · share of income $2,641 · share of assets $263,606 · controlled entity

    Directly controlled by UL INC

  • EMERGO HONG KONG LIMITED

    C · PBLC SFTY · HK · 100% owned · share of income -$4,560 · share of assets $238,036 · controlled entity

    Directly controlled by UL INC

  • EMERGO MALAYSIA SDN BHD

    C · PBLC SFTY · MY · 100% owned · share of income $2,432 · share of assets $410,623 · controlled entity

    Directly controlled by UL INC

  • EMERGO COSTA RICA SRL

    C · PBLC SFTY · CS · 100% owned · share of income $23,215 · share of assets $523,061 · controlled entity

    Directly controlled by UL INC

  • EMERGO PERU SRL

    C · PBLC SFTY · PE · 100% owned · share of income $2,484 · share of assets $219,367 · controlled entity

    Directly controlled by UL INC

  • EMERGO CLINICAL BV

    C · PBLC SFTY · NL · 100% owned · share of income $198 · share of assets $295,792 · controlled entity

    Directly controlled by UL INC

  • EMERGO (INDIA) CONSULTING PVT LTD

    C · PBLC SFTY · IN · 100% owned · share of income $8,713 · share of assets $544,221 · controlled entity

    Directly controlled by UL INC

  • EMERGO CONSULTING LLC

    C · PBLC SFTY · RS · 100% owned · share of income $68,483 · share of assets $349,791 · controlled entity

    Directly controlled by UL INC

  • EMERGO SRL

    C · PBLC SFTY · MX · 100% owned · share of income -$6,807 · share of assets $1,552,320 · controlled entity

    Directly controlled by UL INC

  • CHEMADVISOR EUROPE SPRL

    C · PBLC SFTY · BE · 100% owned · share of income $706,104 · share of assets $4,158,367 · controlled entity

    Directly controlled by UL INC

  • UL BUSINESS SOLUTIONS CANADA INC

    C · PBLC SFTY · CA · 100% owned · share of income $2,445,477 · share of assets $14,907,025 · controlled entity

    Directly controlled by UL INC

  • UL LABORATORY CANADA INC

    C · PBLC SFTY · CA · 100% owned · share of income $1,607,618 · share of assets $7,085,840 · controlled entity

    Directly controlled by UL INC

  • EMERGO JAPAN CONSULTING KK

    C · PBLC SFTY · JA · 100% owned · share of income -$172,182 · share of assets $3,162,117 · controlled entity

    Directly controlled by UL INC

  • DQS GMBH DEUTSCHE GESSELSHAFT

    C · PBLC SFTY · GM · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by UL SARL

  • UNDERWRITERS LABORATORIES BV

    C · PBLC SFTY · NL · 100% owned · share of income -$209,381,706 · share of assets $655,221,886 · controlled entity

    Directly controlled by UL SARL

  • UL RUSSIA

    C · PBLC SFTY · RS · 100% owned · share of income $16,827 · share of assets $188,976 · controlled entity

    Directly controlled by UL INC

  • UL CHANGZHOU QTS

    C · PBLC SFTY · CH · 100% owned · share of income $39,394 · share of assets $21,732,417 · controlled entity

    Directly controlled by UL CHINA HOLDIN

  • EMERGO URUGUAY

    C · PBLC SFTY · UY · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by UL INC

  • DOKIMI GROUP

    C · PBLC SFTY · UK · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by UL SARL

  • PANGOLIN PROPERTIES

    C · PBLC SFTY · UK · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by UL SARL

  • GULF RENEWABLE ENERGY LAB

    C · PBLC SFTY · SA · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by UL SARL

  • UL IRELAND OPERATIONS LIMITED

    C · PBLC SFTY · EI · 100% owned · share of income $1,513,666 · share of assets $3,464,528 · controlled entity

    Directly controlled by UL GMBH

  • UL SERVICES SPAIN SL

    C · PBLC SFTY · SP · 100% owned · share of income -$775,959 · share of assets $8,909,058 · controlled entity

    Directly controlled by UL INC

  • UL BUSINESS SERVICES INDIA LLP

    C · PBLC SFTY · IN · 100% owned · share of income -$84,315 · share of assets $6,081,795 · controlled entity

    Directly controlled by UL INC

  • UL TELFORD UK LTD

    C · PBLC SFTY · UK · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by UL SARL

  • EMERGO MEDICAL TECHNOLOGY

    C · PBLC SFTY · CH · 100% owned · share of income -$68,498 · share of assets $407,674 · controlled entity

    Directly controlled by UL INC

  • METHOD PARK HOLDING

    C · PBLC SFTY · GM · 100% owned · share of income $128,282 · share of assets $73,811,390 · controlled entity

    Directly controlled by UL INC

  • METHOD PARK SOFTWARE AG

    C · PBLC SFTY · 100% owned · share of income $0 · share of assets -$49,721 · controlled entity

    Directly controlled by UL INC

  • METHOD PARK CONSULTING GMBH

    C · PBLC SFTY · 100% owned · share of income $0 · share of assets -$55,796 · controlled entity

    Directly controlled by UL INC

  • METHOD PARK ENGINEERING GMBH

    C · PBLC SFTY · GM · 100% owned · share of income $0 · share of assets $7,355 · controlled entity

    Directly controlled by UL INC

  • METHOD PARK CONSULTING (SHANGHAI)

    C · PBLC SFTY · CH · 100% owned · share of income $490,120 · share of assets $523,308 · controlled entity

    Directly controlled by UL INC

  • UL BUSINESS SERVICES MEXICO

    C · PBLC SFTY · MX · 100% owned · share of income -$40,137 · share of assets $1,790,242 · controlled entity

    Directly controlled by UL SERVICES GRO

  • CR EDIT 360 LIMITED

    C · PBLC SFTY · UK · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by UL GMBH

  • SPECIALIZED TECH RESOURCES LANKA PVT

    C · PBLC SFTY · CE · 100% owned · share of income $4,897 · share of assets $106,505 · controlled entity

    Directly controlled by UL INC

  • EMERGO BRAZIL PARTICIPACOES E SERVICIOS

    C · PBLC SFTY · BR · 100% owned · share of income $247,439 · share of assets $2,950,083 · controlled entity

    Directly controlled by UL

  • ULME TRADING LLC

    C · PBLC SFTY · AE · 100% owned · share of income $29,025 · share of assets $325,171 · controlled entity

    Directly controlled by UL INC

  • KUGLER MAAG CIE GMBH

    C · PBLC SFTY · GM · 100% owned · share of income -$1,369,880 · share of assets $43,902,108 · controlled entity

    Directly controlled by UL INC

  • KUGLER MAAG CIE MANAGEMENT CONSULTING (S

    C · PBLC SFTY · CH · 100% owned · share of income $428,043 · share of assets $2,086,210 · controlled entity

    Directly controlled by UL INC

  • UNDERWRITERS LABORATORIES ADVANCED FOR V

    C · PBLC SFTY · SF · 100% owned · share of income $190,853 · share of assets $133,325 · controlled entity

    Directly controlled by UL INC

  • UL CONCORD HOLDINGS LIMITED

    C · PBLC SFTY · UK · 100% owned · share of income $5,863 · share of assets $16,195,714 · controlled entity

    Directly controlled by UL INC

  • CIMTEQ LIMITED

    C · PBLC SFTY · UK · 100% owned · share of income $421,595 · share of assets $18,257,437 · controlled entity

    Directly controlled by UL INC

  • KBW CORPORATION KRKBW

    C · PBLC SFTY · KS · 100% owned · share of income -$2,092,698 · share of assets $0 · controlled entity

    Directly controlled by UL INC

  • CIMTEQ HOLDINGS LIMITED

    C · PBLC SFTY · UK · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by UL INC

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343189349314154

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