Underwriters Laboratories Inc
62% goes to programs $0 to raise $100 Strong reserves Declining revenue
Underwriters Laboratories Inc is a 501(c)(3) organization based in Evanston, Illinois, registered in 1955, with $46,451,010 in FY2024 revenue. CharityIndex grades it C, and it directs about 62% of spending to programs.
1603 Orrington Avesuite 1700, Evanston, IL, 60201 EIN 36-1892375 Since 1955
Revenue (FY2024)
$46.5M
▲ 202.6% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$110.2M
Net assets
$1.1B
Employees
233
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →CProgram efficiency40% of the rating62% to programs · $0 to raise $100
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 Underwriters Laboratories Inc: 62% to programs · $0 to raise $100 earns a C on this criterion. See the exact thresholds →
FFinancial health25% of the rating122 mo reserves · -137% 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 Underwriters Laboratories Inc: 122 mo reserves · -137% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Underwriters Laboratories Inc: 6 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 Underwriters Laboratories 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 grew from $16.9M (FY2013) to $46.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $21.6MNet assets $1.1B
Operating margin
-137.2%
Spent more than it raised in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$21.6M
Net assets
$1.1B
Salaries & benefits
$50.6M
46% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $46,451,010▲203% | $110,181,419▲20.2% | $1,116,114,947▲7.0% | $1,137,679,070▲6.1% | 990 |
| 2023 | $15,352,626▲836% | $91,654,071▲54.8% | $1,042,892,650▲10.9% | $1,071,845,446▲12.7% | 990 |
| 2022 | $1,640,913▼99.9% | $59,203,846▼99.2% | $940,506,701▼13.3% | $950,640,126▼13.5% | 990 |
| 2021 | $1,224,941,752▲3528% | $7,689,230,678▲16723% | $1,084,557,032▲45.1% | $1,099,187,241▲28.6% | 990 |
| 2020 | $33,764,842▲12.2% | $45,706,716▼5.4% | $747,588,452▼1.6% | $854,826,371▲0.4% | 990 |
| 2019 | $30,105,111▲2.9% | $48,309,679▲26.7% | $759,530,324▼2.3% | $851,217,772 | 990 |
| 2018 | $29,251,539▼1.5% | $38,128,750▲9.6% | $777,734,892▼1.1% | $851,430,709▼0.5% | 990 |
| 2017 | $29,700,588▲17.4% | $34,795,655▲1.0% | $786,612,103▼0.6% | $855,519,149▲0.8% | 990 |
| 2016 | $25,297,187▲11.7% | $34,435,660▲11.8% | $791,707,168▼1.1% | $849,044,766▼0.2% | 990 |
| 2015 | $22,649,705▲24.5% | $30,811,223▼2.6% | $800,845,641▼1.0% | $850,451,609▼0.2% | 990 |
| 2014 | $18,196,678▲7.6% | $31,627,066▲16.0% | $809,007,159▼1.6% | $851,890,822▼0.1% | 990 |
| 2013 | $16,907,419 | $27,262,734▲12.7% | $822,437,547▼1.2% | $852,473,314 | 990 |
| 2012 | — | $24,187,665▼97.0% | $832,548,330▼3.4% | $852,253,845▼1.2% | 990 |
| 2011 | — | $793,436,823▲2.2% | $861,772,587▲6.2% | $862,719,078▼28.2% | 990 |
| 2010 | — | $776,454,593 | $811,519,638 | $1,202,139,957 | 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 Brady — $2,469,462 (2.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| T Brady | Fmr President & Ceo | 0 | $2,469,462 |
| C Cramer | Interim Pres Svp,cro(eff 1/24) | 60 | $792,461 |
| C Farmer | Svp, Coo | 60 | $580,806 |
| M Black | Vp & Senior Technical Advisor | 60 | $569,905 |
| S Kerber | Vp, Executive Director - Fsri | 60 | $438,518 |
| K Delphos | Vp, Corp. Communications & Pr | 60 | $407,985 |
| J Crisman | Vp, Executive Director of Dsri | 60 | $374,696 |
| J Jeevarajan | Vp, Executive Director of Esri | 60 | $374,591 |
| S Miller | Vp, Executive Director - Mdri | 60 | $370,937 |
| D Madrzykowski | Director of Research, Fsri | 60 | $366,255 |
| G Pumpuni-lenss | Director, Operations Program | 60 | $350,215 |
| Z Susice | Director, Strategy & Marketing | 60 | $344,499 |
| C Wright | Research Director | 60 | $308,122 |
| G Horn | Research Director | 60 | $278,756 |
| G Williams | Trustee | 8 | $207,616 |
| J Dollive | Trustee | 8 | $182,500 |
| P Khoury | Trustee | 8 | $180,000 |
| E Toerstad | Trustee | 6 | $172,797 |
| D Pines | Trustee | 6 | $167,500 |
| R Owen | Trustee | 0 | $167,500 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Skender Construction LLC | Construction | $5,501,220 |
| Lazard Freres Co LLC | Advisory | $3,543,412 |
| Wentworth Contracting LLC | Construction | $2,826,645 |
| Allison and Partners | Advisory | $1,459,590 |
| Chemspeed Technologies Inc | Research & Dev. | $1,057,559 |
Grants made · $8.6M in FY2024
48 grants totaling $8.6M in FY2024 — showing the 15 largest. All grants made by Underwriters Laboratories Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Northwestern University | Research | $2,623,627 |
| Duke University | Research | $800,605 |
| Trustees of Purdue University | Research | $750,267 |
| Kindling Inc | Research | $581,762 |
| State of Maryland-university of Md College Park | Research | $576,561 |
| President and Fellows of Harvard College | Research | $560,910 |
| Massachusetts Institute of Technology | Research | $310,148 |
| Arizona State University Foundation For A New American University | Research | $249,995 |
| Nasa Johnson Space Center | Research | $240,000 |
| The Board of Trustees of the University of Illinois | Research | $208,243 |
| West Virginia University Research Corporation | Research | $191,774 |
| University of Maryland College Park Foundation Inc | General support | $170,000 |
| Emory University | Research | $144,984 |
| National Engineers Week Foundation | Research | $133,395 |
| Case Western Reserve University | Research | $131,724 |
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Frequently asked questions
- Is Underwriters Laboratories Inc a legitimate nonprofit?
- Yes. Underwriters Laboratories Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-1892375, based in Evanston, Illinois. Donations are tax-deductible.
- What is Underwriters Laboratories Inc's EIN?
- Underwriters Laboratories Inc's Employer Identification Number (EIN) is 36-1892375.
- How much revenue does Underwriters Laboratories Inc report?
- Underwriters Laboratories Inc reported $46,451,010 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Underwriters Laboratories Inc's spending goes to programs?
- Underwriters Laboratories Inc spends about 62% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Underwriters Laboratories Inc have?
- CharityIndex grades Underwriters Laboratories Inc C, based on program efficiency and fundraising cost.
- How much does Underwriters Laboratories Inc's highest-paid employee make?
- The highest reported compensation on Underwriters Laboratories Inc's latest Form 990 is $2,469,462, paid to T Brady (Fmr President & Ceo).
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Data for Underwriters Laboratories Inc (EIN 36-1892375) 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.