Ulse Inc
- Assets
- $1.3b
- Revenue
- $1.6b
- Investments
- $1.2b
- Employees
- 128
- Location
- Evanston, IL
- Founding
- Data as of
- 12/2022
- EIN
- 30-1211139
Organization Overview
Ulse Inc is located in Evanston, IL. 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 12/2022, Ulse Inc employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ulse Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Ulse Inc generated $1.6b in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (54.5%) each year. All expenses for the organization totaled $39.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T Brady Director | Trustee | 1 | $0 |
R Robinson SVP & CFO (until 8/22) | Officer | 1 | $0 |
T Rivelli Svp, Clo, Secretary | Officer | 20 | $729,393 |
K Szczech Svp/treasurer (until 8/22) | Officer | 1 | $0 |
E West VP & Assist Sec (until 8/22) | Officer | 1 | $0 |
R Blaustein Svp, CFO (as Of 5/22) | Officer | 30 | $516,684 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tatum Human Resources | 12/30/22 | $2,763,362 |
Grant Thornton Llp Accounting | 12/30/22 | $2,637,339 |
Dragonspears Inc It Services | 12/30/22 | $2,077,507 |
Telesto Strategy Llc Advisory | 12/30/22 | $2,019,000 |
Lazard Freres Co Llc Financial Services | 12/30/22 | $750,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $27,011,418 |
| Investment income | $1,602,400,527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,786,269 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,619,625,676 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $401,530 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,321 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,460,028 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,885,975 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,658,473 |
| Payroll taxes | $928,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $843,915 |
| Fees for services: Accounting | $51,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,007,674 |
| Fees for services: Other | $10,205,640 |
| Advertising and promotion | $968,670 |
| Office expenses | $1,107,008 |
| Information technology | -$664,484 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $479,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $179,045 |
| Interest | $584,801 |
| Payments to affiliates | $3,412,277 |
| Depreciation, depletion, and amortization | $181,144 |
| Insurance | $62,940 |
| All other expenses | $2,600 |
| Total functional expenses | $39,794,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,072,948 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,600,574 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,134,828 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $91,231,976 |
| Investments—other securities | $1,223,403,366 |
| Investments—program-related | $0 |
| Intangible assets | $3,705,037 |
| Other assets | $0 |
| Total assets | $1,340,148,729 |
| Accounts payable and accrued expenses | $8,133,135 |
| Grants payable | $0 |
| Deferred revenue | $898,467 |
| 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 | $65,335 |
| Total liabilities | $9,096,937 |
| Net assets without donor restrictions | $1,331,051,792 |
| 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 | $1,340,148,729 |
Grants Awarded
Over the last fiscal year, Ulse Inc has awarded $381,950 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CONFEDERATION OF INDIAN INDUSTRY PURPOSE: GENERAL SUPPORT | $12,700 |
CRISTO REY ST MARTIN COLLEGE PREP PURPOSE: RESEARCH | $19,250 |
MICHIGAN STATE UNIVERSITY PURPOSE: RESEARCH | $100,000 |
NORTH CAROLINA A&T STATE UNIVERSITY PURPOSE: RESEARCH | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ulse Inc Evanston, IL | $1,340,148,729 | $1,619,625,676 |
Missouri Universal Service Fund Inc Jefferson City, MO | $483,359 | $359,464 |
St Joseph Safety And Health Council Inc Saint Joseph, MO | $176,063 | $392,336 |
Illinois Pirg Education Fund Chicago, IL | $866,312 | $363,536 |
Community Service Center Of Wilmore - High Bridge Inc Wilmore, KY | $122,858 | $281,081 |
Cameron Missouri Veterans Home Assistance League Cameron, MO | $663,564 | $236,785 |
Key Consumer Organization Incorporated Indianapolis, IN | $40,886 | $153,821 |
Public Action Foundation Chicago, IL | $35,508 | $0 |
Missouri Association For Persons With Intellectual Disabilities Inc Cape Girardeau, MO | $1,289,222 | $43,131 |
Kansas City Regional Transit Alliance Kansas City, MO | $129,678 | $0 |