Ulse Inc
Only 53% goes to programs Strong reserves Declining revenue
Ulse Inc is a 501(c)(4) organization based in Evanston, Illinois, registered in 2023, with $92,256,605 in FY2024 revenue. CharityIndex grades it B, and it directs about 53% of spending to programs.
1603 Orrington Avesuite 1700, Evanston, IL, 60201 EIN 30-1211139 Since 2023
Revenue (FY2024)
$92.3M
▼ 87.0% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$71.7M
Net assets
$4.5B
Employees
230
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
CProgram efficiency40% of the rating53% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Ulse Inc: 53% to programs earns a C on this criterion. See the exact thresholds →
B+Financial health25% of the rating749 mo reserves · +22% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ulse Inc: 749 mo reserves · +22% margin earns a B+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Ulse Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ulse Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o
Contact & location
- Address
- 1603 Orrington Avesuite 1700, Evanston, IL, 60201
- City
- Evanston
- State
- Illinois
- Category
- Public & Societal Benefit
- Subcategory
- Public Benefit Programs
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $7.8B (FY2021) to $92.3M (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $33.2MNet assets $4.5B
Operating margin
22.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.5B
Total liabilities
$33.2M
Net assets
$4.5B
Salaries & benefits
$35.8M
50% of expenses
Board members
3
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $92,256,605▼87.0% | $71,744,742▲14.9% | $4,475,080,338▲117% | $4,508,329,813▲115% | 990 |
| 2023 | $709,404,028▼56.2% | $62,444,671▲56.9% | $2,060,821,672▲54.8% | $2,092,621,786▲56.1% | 990 |
| 2022 | $1,619,625,676▼79.3% | $39,794,315▲571% | $1,331,051,792▲874% | $1,340,148,729▲56.6% | 990 |
| 2021 | $7,835,147,366 | $5,930,940 | -$172,041,079 | $855,524,075 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: T Rivelli — $888,367 (1.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| T Rivelli | Svp, Clo, Corporate Secretary | 30 | $888,367 |
| R Blaustein | Svp, Cfo | 30 | $839,790 |
| D Steel | Executive Director of Ulse | 60 | $715,500 |
| R Borger | Svp, Chro | 30 | $527,939 |
| M Murray | Vp, Legal & Corporate Affairs | 30 | $451,542 |
| G Borlase | Interim Exec. Director of Ulse | 60 | $421,272 |
| B Long | Vp, Legal Affairs | 30 | $420,567 |
| K Denis | Head of Communications | 60 | $420,378 |
| D Concepcion | Vp, Controller | 30 | $417,251 |
| J Canfield | Vp of Strategy | 30 | $402,643 |
| V Modekurti | Svp, Cio | 30 | $397,164 |
| S Bird | Vp, International Standards | 60 | $368,365 |
| D Mcknight | Head of Partnerships | 60 | $359,945 |
| D Wroth | Sr Dir, Technology & Systems | 60 | $348,754 |
| J Wolfe Jr | Dir, Strategic Initiatives | 60 | $320,195 |
| D Jordan | Director, Standards Programs | 60 | $314,448 |
| D Sheeran | Dir, Fin Planning & Analysis | 30 | $301,921 |
| L Rohrbaugh | Head of Insights & Policy | 60 | $295,643 |
| V Patel | Treasurer | 30 | $292,945 |
| S Nazemi | Sr Dir,it Infrastructure & Ops | 30 | $289,564 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Lazard Freres Co LLC | Advisory | $3,543,412 |
| Telesto Strategy LLC | Consulting | $2,516,375 |
| Hcl America Inc | Consulting | $2,328,223 |
| Barnhill Building Group LLC | Construction | $1,780,093 |
| Grant Thornton LLP | Advisory | $1,386,867 |
Grants received · $7.6B total
1 grant to Ulse Inc totaling $7.6B, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Underwriters Laboratories Inc | Contribution | 2021 | $7,632,896,943 |
Grants made · $212K in FY2024
11 grants totaling $212K in FY2024. All grants made by Ulse Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| National League of Cities | General support | $50,000 |
| League of American Wheelmen Inc | General support | $37,500 |
| American National Standards Institute | General support | $22,000 |
| Daryl and Shirley Jenkins Foundation | General support | $20,000 |
| North American Bike-share Association | General support | $19,000 |
| International Associationn of Fire Chiefs Inc | General support | $12,500 |
| National Society of Black Engineers | General support | $12,153 |
| Atlanta Regional Commission | General support | $10,362 |
| Safe Routes To School National Partnership | General support | $10,000 |
| Phoenix Society Inc | General support | $10,000 |
| National Carbon Monoxide Awareness Associationn | General support | $8,000 |
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Compare Ulse Inc
Frequently asked questions
- Is Ulse Inc a legitimate nonprofit?
- Yes. Ulse Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 30-1211139, based in Evanston, Illinois.
- What is Ulse Inc's EIN?
- Ulse Inc's Employer Identification Number (EIN) is 30-1211139.
- How much revenue does Ulse Inc report?
- Ulse Inc reported $92,256,605 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Ulse Inc's spending goes to programs?
- Ulse Inc spends about 53% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ulse Inc have?
- CharityIndex grades Ulse Inc B, based on program efficiency and fundraising cost.
- How much does Ulse Inc's highest-paid employee make?
- The highest reported compensation on Ulse Inc's latest Form 990 is $888,367, paid to T Rivelli (Svp, Clo, Corporate Secretary).
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Data for Ulse Inc (EIN 30-1211139) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.