TY 2021 Form 990

- TIN:

Schedule B
(Form 990)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Name of the organization

ULSE Inc (FKA ULS Inc)

Employer identification number

30-1211139

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (2021)

Schedule B (Form 990) (2021) Page 2

Name of organization ULSE Inc (FKA ULS Inc)

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

Page 3

Name of organization ULSE Inc (FKA ULS Inc)		Employer identification number 30-1211139

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2021)

Schedule B (Form 990) (2021)

Page 4


Name of organization ULSE Inc (FKA ULS Inc)			Employer identification number 30-1211139
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (2021)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

ULSE Inc (FKA ULS Inc)

Employer identification number

30-1211139

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2021

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Term endowment SchDMd Bullet

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....
b	Buildings ....
c	Leasehold improvements
d	Equipment ....	130,174	130,174	0
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				0

Schedule D (Form 990) 2021

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3) Other (A) SHARES OF UL INC	838,932,120	C
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	838,932,120

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes	0
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	1,020,460,276
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2021

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1..................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................		4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................		2e
3	Subtract line 2e from line 1...................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation

Schedule D (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

ULSE Inc (FKA ULS Inc)

Employer identification number

30-1211139

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Yes

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2021

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1J Canfield VP	(i) (ii)	15,866 ------------- 189,289	------------- 70,700	1,011 ------------- 9,634	------------- 26,000	4,835 ------------- 20,963	21,712 ------------- 316,586	-------------
2P Piqueira VP	(i) (ii)	19,028 ------------- 207,645	------------- 99,958	609 ------------- 6,685	------------- 19,500	119 ------------- 1,309	19,756 ------------- 335,097	-------------
3T Rivelli SVP, CLO, Secretary	(i) (ii)	28,373 ------------- 216,402	------------- 130,369	19,900 ------------- 5,500	3,260 ------------- 42,524	2,814 ------------- 10,534	54,347 ------------- 405,329	-------------
4R Robinson Executive Director, Treasurer	(i) (ii)	------------- 551,808	------------- 944,187	------------- 23,372	------------- 2,224,529	------------- 39,392	------------- 3,783,288	-------------
5K Szczech A. Treasurer	(i) (ii)	------------- 243,579	------------- 183,035	------------- 13,746	------------- 549,171	------------- 27,343	------------- 1,016,874	-------------
6E West A. Corp Sec	(i) (ii)	------------- 247,200	------------- 105,300	------------- 6,356	------------- 19,500	-------------	------------- 378,356	-------------
7S Bird Director- Int Standards	(i) (ii)	16,979 ------------- 185,160	------------- 75,174	181 ------------- 1,975	1,351 ------------- 9,024	1,113 ------------- 12,826	19,624 ------------- 284,159	-------------
8G Borlase Director- Standards Program	(i) (ii)	16,879 ------------- 183,979	------------- 75,338	24 ------------- 264	618 ------------- 6,564	2,788 ------------- 31,863	20,309 ------------- 298,008	-------------
9S Brooks Director- Standards Operations	(i) (ii)	14,995 ------------- 163,309	------------- 69,410	60 ------------- 649	2,191 ------------- 7,152	1,906 ------------- 22,162	19,152 ------------- 262,682	-------------
10R Olesen Manager	(i) (ii)	16,807 ------------- 183,465	------------- 35,195	242 ------------- 2,645	865 ------------- 9,481	2,012 ------------- 25,093	19,926 ------------- 255,879	-------------
11D Wroth Director- Data Science	(i) (ii)	18,299 ------------- 199,504	------------- 78,971	117 ------------- 1,405	949 ------------- 10,360	2,077 ------------- 24,175	21,442 ------------- 314,415	-------------
12T Brady Director	(i) (ii)	------------- 603,944	------------- 840,000	------------- 29,091	------------- 2,711,930	------------- 28,922	------------- 4,213,887	-------------
13J Shannon Director	(i) (ii)	------------- 255,000	-------------	-------------	-------------	-------------	------------- 255,000	-------------

Schedule J (Form 990) 2021

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
Part I, Line 4 - Severance, Nonqualified, and Equity-Based Payments	Brady Nonqualified: 14,700 Robinson Nonqualified: 13,312
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 WERE COMPENSATED FROM ULSE INC.'S RELATED ORGANIZATION, UL LLC: SZCZECH AND ROBINSON. THE RELATED ORGANIZATION ALSO PROVIDED SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS TO BRADY (AS A FORMER OFFICER OF THE RELATED ORG) AND CURRENT OFFICER ROBINSON. IN 2021 UL LLC CONTRIBUTED $14,700 TO THE PLAN.
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.

Schedule J (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image

Attach to Form 990.
Right pointing arrow large image

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

ULSE Inc (FKA ULS Inc)

Employer identification number

30-1211139

Part I

Types of Property

	(a) Check if applicable	(b) Number of contributions or items contributed	(c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g	(d) Method of determining noncash contribution amounts
1 Art—Works of art ....
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .
10 Securities—Closely held stock .	X	1	7,594,999,998	3rd party valuation
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( Standards Library and related activity )	X	1	35,758,660	FMV
26 Other ( Accounts and Notes Receivable, Prepaid Assets )	X	1	1,586,984	FMV
27 Other ( Fixed Assets (inc software) )	X	1	551,300	FMV
28 Other ( Intangible Assets )	X	1	0	FMV

Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ..........................

32a

If "Yes," describe in Part II.

If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II.

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 51227J

Schedule M (Form 990) (2021)

Page 2

Part IISupplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.

Return Reference

Explanation

Sch M Part II

On November 30, 2021 Underwriters Laboratories Inc transferred its safety standards development, maintenance and distribution activities and related assets to ULSE Inc. (formerly ULS Inc.) to carry on in furtherance of its tax-exempt purposes. Underwriters Laboratories Inc also transferred ownership of its wholly owned subsidiary, UL Solutions Inc. (formerly UL Inc.), to ULSE Inc. Underwriters Laboratories Inc sold a portion of the UL Solutions Inc. stock to ULSE Inc. for fair market value as determined by an independent third party valuation. Underwriters Laboratories Inc transferred its remaining UL Solutions Inc. stock and the safety standards assets to ULSE Inc. as a restricted grant, the proceeds of which must be used exclusively for Section 501(c)(3) tax-exempt purposes.

Schedule M (Form 990) (2021)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

ULSE Inc (FKA ULS Inc)

Employer identification number

30-1211139

Return Reference	Explanation
Form 990, Part I & Part III, Line 1 - Organization's Mission	ULSE INC. TRANSLATES SCIENTIFIC DISCOVERIES INTO STANDARDS AND POLICIES THAT HAVE THE POWER TO MAKE A SYSTEMIC IMPACT ON PUBLIC SAFETY THROUGHOUT THE WORLD. DISTINGUISHED BY OUR INDEPENDENT RESEARCH AND INFORMED FORESIGHT, WE'VE BEEN TRANSLATING CUTTING-EDGE SCIENCE INTO PRACTICAL STANDARDS SINCE 1903. OUR EXTENSIVE LIBRARY OF STANDARDS HELPS TO MAKE EVERYDAY THINGS SAFER, MORE SECURE, AND MORE SUSTAINABLE, FROM LIFE JACKETS TO BATTERIES TO AUTONOMOUS CARS.
Form 990 - Part VI, Line 6 - Classes of Members or Stockholders	UNDERWRITERS LABORATORIES INC. IS THE SOLE MEMBER OF THE ORGANIZATION. THE ORGANIZATION DOES NOT HAVE CAPITAL STOCK OR ANY STOCKHOLDERS.
Form 990 - Part VI, Line 7a - Election of Members and Their Rights	THE SOLE MEMBER OF THE ORGANIZATION IS NOT ELECTED. THE SOLE MEMBER OF THE ORGANIZATION HAS THE RIGHT TO ELECT THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHICH IS THE BOARD OF DIRECTORS.
Form 990 - Part VI, Line 7b - Decisions Subject to Approval of Members	UNDER THE LAW OF THE STATE OF INCORPORATION, IN ADDITION TO THE ELECTION OF THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, CERTAIN ACTIONS SUCH AS COMPLETE DISSOLUTION OF THE OGANIZATION WOULD BE SUBJECT TO APPROVAL BY THE SOLE MEMBER.
Form 990 - Part VI, Line 11b - Organization's Process to Review Form 990	THE FORM 990 TAX RETURN IS PREPARED INTERNALLY BY TAX ACCOUNTANTS IN THE ORGANIZATION'S TAX DEPARTMENT. A DRAFT OF THE RETURN IS INITIALLY REVIEWED BY THE TAX DIRECTOR, THEN THE DEPARTMENT'S VICE PRESIDENT, AFTER WHICH IT IS SENT TO THE ORGANIZATION'S OUTSIDE PROFESSIONAL ACCOUNTING FIRM FOR AN INDEPENDENT REVIEW. IT THEN GOES THROUGH FINAL REVIEW FOR SIGNATURE BY THE SENIOR VICE PRESIDENT/CHIEF FINANCIAL OFFICER OF THE ORGANIZATION. THE PROFESSIONAL ACCOUNTING FIRM ALSO SIGNS OFF ON THE RETURN AS THE PAID PREPARER OF THE RETURN. A COPY OF THE TAX RETURN IS ALSO MADE AVAILABLE TO THE COMPANY'S BOARD MEMBERS PRIOR TO THE FILING DATE.
Form 990 - Part VI, Line 12c - Enforcement of Conflicts Policy	ULSE INC. REQUIRES ITS DIRECTORS AND OFFICERS TO SIGN OFF ON A CERTIFICATION OF COMPLIANCE TO THE ORGANIZATION'S STANDARDS OF BUSINESS CONDUCT AS WELL AS A DECLARATION OF COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. ADDITIONALLY, THE ORGANIZATION REQUIRES ALL OF ITS EMPLOYEES TO UNDERGO ETHICS TRAINING AND SIGN A CERTIFICATION OF COMPLIANCE ON AN ANNUAL BASIS. THE DIRECTORS ARE REQUIRED TO PROVIDE ANNUAL DISCLOSURE OF ANY CONFLICTS OR POTENTIAL CONFLICTS.
Form 990 - Part VI, Line 15a - Compensation Process for Top Official	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 UNDERWRITERS LABORATORIES 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 COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHO PROVIDES FINAL APPROVAL OF ALL COMPENSATION ARRANGEMENTS. THE CEO AND SVP OF HR ARE PRESENT IN ALL COMPENSATION COMMITTEE 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.
Form 990 - Part VI, Line 15b - Compensation Process for Officers	PLEASE SEE ABOVE.
Form 990 - Part VI, Line 19 - Governing Documents Disclosure Explanation	THE BY-LAWS OF THE ORGANIZATION ARE PRINTED AS A BROCHURE AND MADE AVAILABLE TO THE PUBLIC UPON REQUEST.THE DELAWARE CERTIFICATE OF INCORPORATION CAN BE OBTAINED BY ANYONE WHO REQUESTS IT THROUGH THE DELAWARE SECRETARY OF STATE'S OFFICE. THE ORGANIZATION DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. IN ADDITION TO BEING AVAILABLE BY REQUEST FROM THE ORGANIZATION, THE FORM 990 IS ALSO AVAILABLE AT GUIDESTAR.ORG.
Form 990 Part XI, Line 9- Other changes in net assets or fund balances	Sale of Shares from UL Inc.: (398,567,883) Restructuring Transactions: 30,207,320 FMV of Donated Assets: (7,632,896,943) Total Part XI Line 9 (8,001,257,506) The reconciling items are a result of the audited financial statement reporting under the guidelines of ASC805, accounting for business combinations. On November 30, 2021 Underwriters Laboratories Inc. transferred its safety standards development, maintenance and distribution activities and related assets to ULSE Inc. (formerly ULS Inc.) to carry on in furtherance of its tax-exempt purposes. Underwriters Laboratories Inc. also transferred ownership of its wholly owned subsidiary, UL Solutions Inc. (formerly UL Inc.), to ULSE Inc. Underwriters Laboratories Inc. sold a portion of the UL Solutions Inc. stock to ULSE Inc. for fair market value as determined by an independent third party valuation. Underwriters Laboratories Inc. transferred its remaining UL Solutions Inc. stock and the safety standards assets to ULSE Inc. as a restricted grant, the proceeds of which must be used exclusively for Section 501(c)(3) tax-exempt purposes. Underwriters Laboratories Inc. will continue to engage in scientific research in the public interest to accelerate safety science discoveries and inform public policy and behaviors that will advance the public good around the world. With a focus on research, Underwriters Laboratories Inc. will expand the scale and scope of its research into emerging safety risks in order to make even greater contributions to global safety science.
Form 990 - Part III, Line 2 - Significant Program Services	SEE SCHEDULE M
Form 990 - Part VI, Line 4	The organization changed its name from ULS, Inc. to ULSE Inc. in June 2022. A certified copy of the Certificate of Amendment evidencing the change has been attached to this 2021 Form 990.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2021

Open to Public Inspection

Name of the organization

ULSE Inc (FKA ULS Inc)

Employer identification number

30-1211139

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)UL DO BRASIL CERTIFICACOES RUA FIDENCIO RAMOS 195-5 ANDAR VILA OL SAO PAULO CEP04551-0 BR	PBLC SFTY	BR			UL HBV		No
(2)ULC STANDARDS 7 UNDERWRITERS ROAD MIR 384 TORONTO CA	PBLC SFTY	CA			UL INC		No
(3)UNDERWRITERS LABORATORIES INC 333 PFINGSTEN ROAD NORTHBROOK,IL60062 36-1892375	PBLC SFTY	DE	501(c)(3)	10	N/A		No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2021

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No
(1) UL LLC 333 PFINGSTEN RD NORTHBROOK,IL60062 94-3282454	PBLC SFTY	DE	UL INC	C	-167,034,108	2,522,361,473	100.000 %	Yes
(2) UL VERIFICATION SERVICES INC 333 PFINGSTEN RD NORTHBROOK,IL60062 27-2031099	PBLC SFTY	DE	UL LLC	C	16,626,652	552,306,151	100.000 %	Yes
(3) UL CCIC CO LTD 98 HENGSHAN RD SUZHOU CH	PBLC SFTY	CH	UL INC	C	-58,627,584	175,114,819	70.000 %	Yes
(4) UL DE ARGENTINA SRL FLORIDA 833 PISO 2DO BUENOS AIRES AR	PBLC SFTY	AR	UL Sa rl	C	-210,595	2,370,103	100.000 %	Yes
(5) UL DE MEXICO SA DE CV BLAS PASCAL 205 2DO LOS MORALES MEXICO CITY 11510 MX	PBLC SFTY	MX	UL Sa rl	C	-267,212	8,342,744	100.000 %	Yes
(6) UL DO BRASIL LTDA 195 FIDENCIO RAMOS ST 5TH FLR STE 1 SAO PAULO BR	PBLC SFTY	BR	UL Sa rl	C	-2,250,576	16,256,727	100.000 %	Yes
(7) UL (CHINA) HOLDINGS COMPANY LTD 38F CIROs PLAZA 388 W NANJING RD SHANGHAI CH	PBLC SFTY	CH	UL SINGAPORE	C	129,665	35,467,478	100.000 %	Yes
(8) UL INDIA PRIVATE LTD KALYANI PLATINAPHS I 3-FL EPIP-2 KUNDALAHALLI IN	PBLC SFTY	IN	UL SINGAPORE	C	-1,628,387	50,894,714	100.000 %	Yes
(9) UL INTERNATIONAL (FRANCE) SA 4 RUE RENE RAZEL SACLAY 91894 FR	PBLC SFTY	FR	UL Sa rl	C	-543,476	5,242,423	100.000 %	Yes
(10) UL INTERNATIONAL (GERMANY) GMBH ADMIRAL-ROSENDAHL-STRASSE 9 D63236 NEU ISENBURG GM	PBLC SFTY	GM	UL Sa rl	C	-5,117,834	141,955,137	100.000 %	Yes
(11) UL INTERNATIONAL (ITALIA) SRL VIA ARCHIMEDE 42 20864 AGRATE BRIANZA,MI IT	PBLC SFTY	IT	UL Sa rl	C	-6,042,621	93,727,295	100.000 %	Yes
(12) UL INTERNATIONAL (NETHERLANDS) BV DELTA 1A 6825ML ARNHEM NL	PBLC SFTY	NL	UL GMBH	C	-427,550	7,077,575	100.000 %	Yes
(13) UL INTERNATIONAL (SWEDEN) AB STORBYVAGEN 2-4 163 29 SPANGA CTR SPANGA SW	PBLC SFTY	SW	UL Sa rl	C	7,147	490,672	100.000 %	Yes
(14) UL INTERNATIONAL (UK) LTD WONERSH HSE OLD PORTSMOUTH RD GUILDFORD UK	PBLC SFTY	UK	UL Sa rl	C	-145,998	114,559,289	100.000 %	Yes
(15) UL INTERNATIONAL AUSTRALIA PTY LTD 600 BOURKE STREET MELBOURNE AS	PBLC SFTY	AS	UL GMBH	C	-30,827	2,663,596	100.000 %	Yes
(16) UL INTERNATIONAL DEMKO AS BORUPVANG 5A 2750 BALLERUP DA	PBLC SFTY	DA	UL Sa rl	C	-721,613	13,714,800	100.000 %	Yes
(17) UL INTERNATIONAL LTD DELTA HOUSE 3 ON YIU ST 18TH FL SHATIN,NT HK	PBLC SFTY	HK	UL Sa rl	C	-8,794,966	17,731,898	100.000 %	Yes
(18) UL INTERNATIONAL NEW ZEALAND LTD 234-29 ALBERT ST AUCKLAND NZ	PBLC SFTY	NZ	UL Sa rl	C	-16,792	4,115,779	100.000 %	Yes
(19) UL INTERNATIONAL POLSKA SP ZOO A1 KRAKOWSKA 81 05-090 SEKOCIN NOWY PL	PBLC SFTY	PL	UL Sa rl	C	-256,128	10,433,814	100.000 %	Yes
(20) UL JAPAN INC 4383-326 ASAMA-CHO ISESHI,MIE516-0021 JA	PBLC SFTY	JA	UL Sa rl	C	-22,092,826	150,840,193	100.000 %	Yes
(21) UL KOREA LTD 707-34 YEOKSAM-DONG SEOUL,Gangnam-gu135-080 KS	PBLC SFTY	KS	UL Sa rl	C	-2,362,346	33,071,400	100.000 %	Yes
(22) UL SERVICES (MALAYSIA) SDN BHD LINGKARAN SYED PUTRA 59200 KUALA LUMPUR MY	PBLC SFTY	MY	UL Sa rl	C	-54,934	442,017	100.000 %	Yes
(23) UL VERIFICATION SERVICES (GUANGZHOU) RM 104 NO 265 ZHUJIANG EAST RD GUANGZHOU CITY CH	PBLC SFTY	CH	UL VS PTY LTD	C	471,787	17,772,219	100.000 %	Yes
(24) UL VERIFICATION SERVICES PVT LTD 39 ROBINSON RD 07-01 ROBINSON POINT 68911 SN	PBLC SFTY	SN	UL Sa rl	C	-439,764	18,335,819	100.000 %	Yes
(25) UNDERWRITERS LABORATORIES IBERICA SL AVDA DIAGONAL 407 4 1 A BARCELONA 8008 SP	PBLC SFTY	SP	UL Sa rl	C	-231,244	2,574,314	100.000 %	Yes
(26) UNDERWRITERS LABORATORIES TAIWAN CO LTD 260 DA-YEH RD 1ST FLR TAIPEI CITY,PEITOU DISTRICT112 TW	PBLC SFTY	TW	UL GMBH	C	-5,126,455	72,639,772	100.000 %	Yes
(27) UNDERWRITERS LABORATORIES THAILAND LTD 29TH FL NO 999/9 RAMA I RD BANGKOK TH	PBLC SFTY	TH	UL LLC	C	-150,110	2,826,234	100.000 %	Yes
(28) UNDERWRITERS LABORATORIES OF CANADA 7 UNDERWRITERS ROAD TORONTO,ONM1R 3A9 CA	PBLC SFTY	CA	UL Sa rl	C	-3,317,967	40,026,811	100.000 %	Yes
(29) MD REGISTRATION SUPPORT LTD GRENZENSTRASSE 13 D-88416 OCHSENHAUSEN GM	PBLC SFTY	GM	UL Sa rl	C	331,378	2,110,690	100.000 %	Yes
(30) STR LANKA PVT LTD 176 A POLHENGODA RD COLOMBO CE	PBLC SFTY	CE	UL Sa rl	C	26,707	192,345	100.000 %	Yes
(31) UNDERWRITERS LABORATORIES ME FZCO AIRPORT FREEZONE OFFICE NO 4WA 421 DUBAI AE	PBLC SFTY	AE	UL Sa rl	C	-821,596	4,780,684	100.000 %	Yes
(32) RFI CHINA HOLDINGS LIMITED ROOM 1902 19F ASIA ORIENT TOWER 33 ROCKHART ROAD HK	PBLC SFTY	HK	UL Sa rl	C	0	0	100.000 %	Yes
(33) UL INC 333 PFINGSTEN ROAD NORTHBROOK,IL60062 27-0913800	PBLC SFTY	DE	UL INC(NFP)	C	-103,037,857	1,013,085,373	100.000 %	Yes
(34) UL TRANSACTION SECURITY PTY LTD 130 HIGH STREET ROAD UNIT 3 ASHWOOD AS	PBLC SAFETY	AS	UL GMBH	C	-1,095,718	3,309,525	100.000 %	Yes
(35) STR BANGLADESH PRIVATE LTD 16 KEMAL ATATURK AVE BANANI BG	PBLC SFTY	BG	UL VS HK	C	15,380	154,153	100.000 %	Yes
(36) UL VS BANGLADESH LTD HOUSE NO-1 1ST FLR RD NO-12 BLOCK K GULSHAN BG	PBLC SFTY	BG	UL Sa rl	C	-545,644	9,296,267	100.000 %	Yes
(37) DEWI DO BRASIL EDEE LTDA AV NOVE DE JULHO 95 ED CTR 9 RM 23 SAO JOSE BR	PBLC SFTY	BR	DEWI GMBH	C	47,565	394,070	100.000 %	Yes
(38) UL VS SHANGHAI LIMITED 38F CIROs PLAZA 388 W NANJING RD SHANGHAI CH	PBLC SFTY	HK	UL VS HK	C	1,379,245	78,768,741	100.000 %	Yes
(39) DEWI WIND ENERGY (BEIJING) CO LTD 37 NANMOFANG ROAD BEIJING CH	PBLC SFTY	CH	UL Sa rl	C	-423	0	100.000 %	Yes
(40) DEWI OFFSHORE & CERTIFICATION CNTR GMBH AM SEEDEICH 9 D27472 CUXHAVEN GM	PBLC SFTY	GM	DEWI GMBH	C	-857,887	10,500,094	100.000 %	Yes
(41) UL VS HONG KONG LIMITED 16-17F TOWER B REGENT CENTER KWAI CHUNG NT HK	PBLC SFTY	HK	UL Sa rl	C	9,947,526	137,875,414	100.000 %	Yes
(42) INSTITUTO CERTIFICAZIONE QUALITA SRL VIA EUROPA 28 CABIATE IT	PBLC SFTY	IT	ICQ H SRL	C	-603,235	39,842,455	100.000 %	Yes
(43) NUOVO ISTITUTO ITALIANO SICUREZZE DEI VIA EUROPA 28 CABIATE IT	PBLC SFTY	IT	ICQ H SRL	C	1,656,257	39,069,149	100.000 %	Yes
(44) Underwriters Laboratories HLD BV Delta 1B Arnhem NL	HOLDING CO	NL	UL SARL	C	-39,092,515	983,767,185	100.000 %	Yes
(45) UL RESPONSIBLE SOURCING MEXICO SA DE CV AVE JUAREZ 2111601 CO LA PAZ PUEBLA PUE 72160 MX	PBLC SFTY	MX	UL RS	C	-163,176	448,481	100.000 %	Yes
(46) UL TS BV DE HEYDERWEG 1 2314 XZ LEIDEN NL	PBLC SFTY	NL	COLLIS H BV	C	3,485,887	18,225,995	100.000 %	Yes
(47) COLLIS HOLDING BV DE HEYDERWEG 1 2314 XZ LEIDEN NL	PBLC SFTY	NL	UL Sa rl	C	-20,531	36,756,976	100.000 %	Yes
(48) UL VS SOUTH AFRICA PROPRIETARY LTD 2 EGLIN RD SUNNINGHIL 2157 SF	PBLC SFTY	SF	UL Sa rl	C	-49,066	501,124	100.000 %	Yes
(49) UL VS TAIWAN LTD 260 DA-YEH RD 1ST FLR TAIPEI CITY,PEITOU DISTRICT TW	PBLC SFTY	TW	UL Sa rl	C	110,530	4,026,186	100.000 %	Yes
(50) ICQ (MED) SARL 33 BLOC A RESIDENCE FAYROUZ LAC II TUNIS TS	PBLC SFTY	TS	ICQ SRL	C	323,745	1,848,688	100.000 %	Yes
(51) UL VS LHAS TAKSIM LAMARTIN CADDESI NO 10 ISTANBUL TU	PBLC SFTY	TU	STR TURKEY	C	-303,644	3,840,444	100.000 %	Yes
(52) UL TS FZE PO BOX 341060TECHNOPOINT BLDG DUBAI AE	PBLC SFTY	AE	COLLIS H BV	C	-131,447	3,038,128	100.000 %	Yes
(53) UL VERIFICATION SERVICES LTD ASHWOOD PRK ASHWOOD WAY BASINGSTOKE HAMPSHIRE UK	PBLC SFTY	UK	UL UK	C	6,146,681	122,642,555	100.000 %	Yes
(54) UL VS UK LTD 10 PORTMAN RD READING BERKSHIRE UK	PBLC SFTY	UK	UL Sa rl	C
(55) UL VS VIETNAM CO LTD 9/9 NGUYEN TUONG ST WARD 6 BINH THANH DISTRI VM	PBLC SFTY	VM	UL Sa rl	C	451,916	11,210,131	100.000 %	Yes
(56) TESTTECH LABORATORIOS DE AVALIACAO DA CO RUA SANTA MADALENA 263 BARRIO BOM PORTO ALEGRE 91420-490 BR 27-0913800	PBLC SFTY	BR	UL do Brasil lt	C	960,548	5,489,491	100.000 %	Yes
(57) UL STS CO LTD 1128 WENHUI ROAD SONGJIANG,SHANGHAI CH	PBLC SFTY	CH	EMT	C	442,281	3,121,169	100.000 %	Yes
(58) FUTUREMARK OY KAPPELITIE 6 ESPOO 2200 FI	PBLC SFTY	FI	UL INC	C	-4,747,612	20,563,410	100.000 %	Yes
(59) UL SHIMADZU LABORATORY CO 1 NISHINOKYO-SHIMOAICHO KYOTO NAKAGYOKU 604-8436 JA	PBLC SFTY	JA	UL INC	C	-184,656	1,117,016	100.000 %	Yes
(60) UL International GmbH Eberstrasse 96 Wilhelmshaven 26382 GM	PBLC SFTY	GM	DEWI GmbH	C	1,565,588	66,039,842	100.000 %	Yes
(61) Green Safety (Shanghai) 38F Ciros Square 388 West Nanjing Shanghai CH	PBLC SFTY	CH	UL SARL	C	-646	41,458,052	100.000 %	Yes
(62) UL International Indonesia Grandaria Offices 8 10th FL Unit C DKI Jakarta 12240 ID	PBLC SFTY	ID	UL SARL	C	-170,104	790,531	100.000 %	Yes
(63) UL VS (Guangzhou) Song Shan Lak Chuang Xin Ke Ji Park Dongguan 523808 CH	PBLC SFTY	CH	UL SARL	C	-698,624	8,412,914	100.000 %	Yes
(64) UL Services Group LLC 463 NEW KARNER ROAD ALBANY,NY12205 14-1813081	PBLC SFTY	NY	UL INC	C	14,122,618	62,643,322	100.000 %	Yes
(65) Consumer Testing Laboratories (Far East) 7TH FL RILEY HOUSE 88 LEI MUK RD KWAI CHUNG HK 98-0434958	PBLC SFTY	HK	UL INC	C	-430,512	10,845,373	100.000 %	Yes
(66) CONSUMER TESTING LABORATORIES LTD 270 TEJGOANI/A NOVO TOWER 7TH FL DHAKA 1208 BU 39-2049336	OPBLC SFTY	BU	UL INC	C	-1,901,742	9,038,444	100.000 %	Yes
(67) AWS TRUEPOWER DO BRAZIL LTDA SETE DE SETEMBRO 5485 APTO 901 CURITIBA 80240-0001 BR	PBLC SFTY	BR	UL INC	C	-49,354	1,801,394	100.000 %	Yes
(68) CONSUMER TESTING LABORATORIES (SHENZHEN 52 YUMIN CUN HEPING ROAD LUOHU SHENZHEN 518001 CH 98-0434957	PBLC SFTY	CH	UL INC	C	-1,371,306	6,756,821	100.000 %	Yes
(69) CR EDIT 360 GLOBAL LIMITED HUMPTER HOUSE 8 STATION ROAD HISTO CAMBRIDGE CB24 9LQ UK	PBLC SFTY	UK	UL INC	C	-4,728,719	8	100.000 %	Yes
(70) SAFEWARE INVESTORS LIMITED 14 PHOENIX PARK TELFORD WAY COALV LEICESTERSHIRE UK	PBLC SFTY	UK	UL INC	C	0	0	100.000 %	Yes
(71) SAFEWARE QUASAR LIMITED 14 PHOENIX PARK TELFORD WAY COALV LEICESTERSHIRE UK	PBLC SFTY	UK	UL INC	C	-69,764	0	100.000 %	Yes
(72) UL MOROCCO LLC RES AL FATH 217 BD BRAHIM ROUDANI CASABLANCA MO	PBLC SFTY	MO	UL INC	C	-245,179	55,814	100.000 %	Yes
(73) UL DE COLOMBIA SAS CARRERA 62 NO 103-44 OF BOGOTA CO	PBLC SFTY	CO	UL INC	C	-24,667	439,115	100.000 %	Yes
(74) EMERGO ASIA PACIFIC LTD PTY 201 SUSSEX ST DARLING PARK TOWER I SYDNEY,NSW2000 AS AS	PBLC SFTY	AS	UL INC	C	16,901	662,118	100.000 %	Yes
(75) EMERGO CONSULTING UK LIMITED SHEFFIELD TECH PARKS COOPER STE 14 SHEFFIELD S1 2NS UK	PBLC SFTY	UK	UL INC	C	-330,910	2,312,223	100.000 %	Yes
(76) EMERGO SINGAPORE CONSULTING PTE LTD 1 FULLERTON ROAD 02-01 ONE FULLER 49213 SN	PBLC SFTY	SN	UL INC	C	-19,286	419,804	100.000 %	Yes
(77) EMERGO TAIWAN LIMITED 14/F NO 8 SEC 5 XINYI RD TAIPEI 11049 TW	PBLC SFTY	TW	UL INC	C	4,365	419,672	100.000 %	Yes
(78) EMERGO SOUTH AFRICA PTY LTD GROUND FLR LIESBEEK HOUSE RIVER MOWBRAY CAPE TOWN 7700 SF	PBLC SFTY	SF	UL INC	C	818	0	100.000 %	Yes
(79) EMERGO EUROPE BV MOLENSTRAAT 15 THE HAGUE 2513 BH NL	PBLC SFTY	NL	UL INC	C	-1,888,331	9,889,647	100.000 %	Yes
(80) EMERGO DEUTSCHLAND GMBH POSTSTRESSE 33 HAMBURG 20354 GM	PBLC SFTY	GM	UL INC	C	242,104	2,890,023	100.000 %	Yes
(81) EMERGO FRANCE SAS 13 RUE CAMILLE DESMOULINS ISSY LES MOULINEAUX 92130 FR	PBLC SFTY	FR	UL INC	C	12,010	1,263,929	100.000 %	Yes
(82) EMERGO EUROPE CONSULTING BV PRINSESSEGRACHT 20 THE HAGUE 2514 AP NL	PBLC SFTY	NL	UL Inc	C	-2,953,757	14,496,958	100.000 %	Yes
(83) EMERGO KOREA LIMITED KOLON SCIENCE VALLEY II 14TH FLR SEOUL 55 KS	PBLC SFTY	KS	UL Inc	C	-17,826	272,672	100.000 %	Yes
(84) EMERGO ISRAEL LIMITED 19/1 HASHITA ST YOQNEAM 20692 IS	PBLC SFTY	IS	UL Inc	C	-2,168	276,289	100.000 %	Yes
(85) EMERGO HONG KONG LIMITED UNIT 3709 37TH FLR TOWER II LI89 QUEENSWAY ADMIRALTY HK	PBLC SFTY	HK	UL Inc	C	-21,450	222,781	100.000 %	Yes
(86) EMERGO COLOMBIA SAS CRA 7 NO 92A-80 OF 202 BOGOTA CO	PBLC SFTY	CO	UL Inc	C	1,663	0	100.000 %	Yes
(87) EMERGO MALAYSIA SDN BHD LEVEL 16 1 SENTRAL JALAN STESEN S KUALA LUMPUR MY	PBLC SFTY	MY	UL Inc	C	41,909	395,765	100.000 %	Yes
(88) EMERGO COSTA RICA SRL CENTRO CORPORATIVO PLAZA ROBLE ESCAZU SAN JOSE CS	PBLC SFTY	CS	UL Inc	C	35,676	470,263	100.000 %	Yes
(89) EMERGO PERU SRL CALLE LAS ORQUIDEAS 585 EDIFICIO F SAN ISIDRO LIMA 27 PE	PBLC SFTY	PE	UL Inc	C	7,964	204,639	100.000 %	Yes
(90) EMERGO CLINICAL BV PRINSESSEGRACHT 20 THE HAGUE 2514 AP NL	PBLC SFTY	NL	UL Inc	C	447	313,769	100.000 %	Yes
(91) EMERGO (INDIA) CONSULTING PVT LTD PLOT NO 8/1 1ST FLR KAKAGU SECUNDERABAD AP 500009 IN	PBLC SFTY	IN	UL Inc	C	-11,239	595,166	100.000 %	Yes
(92) EMERGO CONSULTING LLC 4TH LESNOY PER 4 MOSCOW 125047 RS	PBLC SFTY	RS	UL Inc	C	58,649	350,312	100.000 %	Yes
(93) EMERGO SRL MONTECITO 38 PISO 34 BENITO JUAREZ CP 03810 MX	PBLC SFTY	MX	UL Inc	C	345,875	1,316,721	100.000 %	Yes
(94) CHEMADVISOR EUROPE SPRL SABLON TOWER RUE JOSEPH STEVENS 7 BRUSSELS 1000 BE	PBLC SFTY	BE	UL INC	C	834,261	4,528,096	100.000 %	Yes
(95) EMERGO BRAZIL PSC LTDA SIA TRECHO LOTS 2010/2020 BAIRRO ZONA INDUSTRIAL BR	PBLC SFTY	BR	UL Inc	C	-170,078	2,715,566	100.000 %	Yes
(96) UL Business Solutions Canada Inc 29 CAPITAL DRIVE STE 200 OTTAWA,ONTARIOK2G 0E7 CA	PBLC SFTY	CA	UL INC	C	1,218,645	16,312,060	100.000 %	Yes
(97) UL Laboratory Canada Inc 420 CHAREST EAST BLVD STE 300 QUEBEC G1K 8M4 CA	PBLC SFTY	CA	UL INC	C	1,424,850	5,859,812	100.000 %	Yes
(98) EMERGO JAPAN CONSULTING KK MG ICHIGAYA 6F 19-1 HARAIKATAMACHI TOKYO JA	PBLC SFTY	JA	UL Inc	C	138,160	2,812,016	100.000 %	Yes
(99) DQS GMBH DEUTSCHE GESSELSHAFT AUGUST-SCHANZ STR 21 FRANKFURT 60433 GM	PBLC SFTY	GM	UL SARL	C	0	0	100.000 %	Yes
(100) UNDERWRITERS LABORATORIES BV DELTA 1B ARNHEM 6825 ML NL	PBLC SFTY	NL	UL SARL	C	-166,595,971	963,325,994	100.000 %	Yes
(101) UL RUSSIA ZEMLYANOY VAL 9 FLOOR 4 ROOM II MOSCOW 105064 RS	PBLC SFTY	RS	UL INC	C	186,079	185,236	100.000 %	Yes
(102) MEDICAL DEVICE USABILITY LTD 150 CAMBRIDGE SCIENCE PARK MILTON CAMBRIDGE CB4 0GN UK	PBLC SFTY	UK	UL Inc	C	0	0	100.000 %	Yes
(103) UL CHANGZHOU QTS 21 Longmen Road Wujin,Jiangsu213100 CH	PBLC SFTY	CH	UL China Holdin	C	1,823,183	25,604,152	100.000 %	Yes
(104) EMERGO URUGUAY	PBLC SFTY	UY	UL Inc	C	0	0	100.000 %	Yes
(105) DOKIMI GROUP Halesfield 2 Shropshire,TelfordTF7 4QH UK	PBLC SFTY	UK	UL SARL	C	0	0	100.000 %	Yes
(106) PANGOLIN PROPERTIES Halesfield 2 Shropshire,TelfordTF74QH UK	PBLC SFTY	UK	UL SARL	C	0	0	100.000 %	Yes
(107) GULF RENEWABLE ENERGY LAB 3rd Industrial City PO Box 39558 Dammam,Khobar31942 SA	PBLC SFTY	SA	UL SARL	C	0	0	100.000 %	Yes
(108) UL Ireland Operations Limited Westland Square 33 Pearse Street Dublin 2 EI	PBLC SFTY		UL GMBH	C	1,100,634	3,923,519	100.000 %	Yes
(109) UL Services Spain SL Barcelona Science Park Barcelona FC 8028 SP	PBLC SFTY	SP	UL INC	C	-744,574	9,744,969	100.000 %	Yes
(110) UL Business Services India LLP No1 6th Cross Amarajyothi Co-ope Banglore 560040 IN	PBLC SFTY	IN	UL Inc	C	744,653	6,746,303	100.000 %	Yes
(111) UL Telford UK Ltd Halesfield 2 Shropshire,TelfordTf74QH UK	PBLC SFTY	UK	UL SARL	C	811,427	0	100.000 %	Yes
(112) Emergo Medical Technology Unit 1103B East Tower Twin Towers Beijing Chaoyang District CH	PBLC SFTY	CH	UL INC	C	-43,953	503,580	100.000 %	Yes
(113) Method Park Holding WETTERKREUZ 19A erlangen 91058 GM	PBLC SFTY		UL INC	C	522,358	60,879,846	100.000 %	Yes
(114) Method Park Software AG WETTERKREUZ 19A ERLANGEN 91058 GM	PBLC SFTY		UL INC	C	-1,488,572	27,548,919	100.000 %	Yes
(115) Method Park Consulting GmbH WETTERKREUZ 19A ERLANGEN 91508 GM	PBLC SFTY	GM	UL INC	C	-426,792	10,593,277	100.000 %	Yes
(116) Method Park Engineering GmbH WETTERKREUZ 19A ERLANGEN 91058 GM	PBLC SFTY		UL INC	C	-1,415,821	18,826,833	100.000 %	Yes
(117) Method Park Consulting (Shanghai) Tianhui Business Plaza 968 Jinzhon Shanghai CH	PBLC SFTY		UL INC	C	125,815	321,215	100.000 %	Yes
(118) UL Business Services Mexico Paseo de la Reforma 383 Piso 7 cuauhtemoc MX	PBLC SFTY	MX	UL SERVICES GRO	C	113,816	1,685,879	100.000 %	Yes
(119) CR EDIT 360 LIMITED SUMPTER HOUSE 8 STATION ROAD CAMBRIDGE UK	PBLC SFTY	UK	UL GMBH	C	4,128,820	0	100.000 %	Yes

Schedule R (Form 990) 2021

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

c Gift, grant, or capital contribution from related organization(s) ............................

Yes

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

Yes

f Dividends from related organization(s) ............................

Yes

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

Yes

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

Yes

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

Yes

m Performance of services or membership or fundraising solicitations by related organization(s) .................

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

Yes

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) UL LLC	P	250,000	FMV
(2) UL SOLUTIONS INC	F	200,000,000	FMV
(3) UL LLC	K	2,636	FMV

Schedule R (Form 990) 2021

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2021

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation

Schedule R (Form 990) 2021

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: SEE SCHEDULE O
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	2
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	1
5	Total number of individuals employed in calendar year 2021 (Part V, line 2a) ......	5	226
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	9,550,881
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	7,691,716

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	7,632,896,943
9	Program service revenue (Part VIII, line 2g) .........	0	2,249,869
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	0	200,000,554
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	0	7,835,147,366
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	0	1,547,245
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	0	4,383,695
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	0	5,930,940
19	Revenue less expenses. Subtract line 18 from line 12.......	0	7,829,216,426
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	0	855,524,075
21	Total liabilities (Part X, line 26).............	0	1,027,565,154
22	Net assets or fund balances. Subtract line 21 from line 20.....	0	-172,041,079

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 4,900,088 including grants of $ 0 ) (Revenue $ 2,250,423 )
	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.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses4,900,088

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)			(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(1) T Brady...................................................................... Director	1.0 ................. 59.0	X			0	1,473,035	2,740,852
(2) R Robinson...................................................................... Executive Director, Treasurer	1.0 ................. 59.0		X		0	1,519,367	2,263,921
(3) K Szczech...................................................................... A. Treasurer	1.0 ................. 59.0		X		0	440,360	576,514
(4) T Rivelli...................................................................... SVP, CLO, Secretary	20.0 ................. 40.0		X		48,273	352,271	59,132
(5) E West...................................................................... A. Corp Sec	1.0 ................. 59.0		X		0	358,856	19,500
(6) P Piqueira...................................................................... VP	1.0 ................. 59.0		X		19,637	314,288	20,928
(7) J Canfield...................................................................... VP	1.0 ................. 59.0		X		16,877	269,623	51,798
(8) D Wroth...................................................................... Director- Data Science	1.0 ................. 59.0			X	18,416	279,880	37,561
(9) G Borlase...................................................................... Director- Standards Program	1.0 ................. 59.0			X	16,903	259,581	41,833
(10) S Bird...................................................................... Director- Int Standards	1.0 ................. 59.0			X	17,160	262,309	24,314
(11) S Brooks...................................................................... Director- Standards Operations	1.0 ................. 59.0			X	15,055	233,368	33,411
(12) R Olesen...................................................................... Manager	1.0 ................. 59.0			X	17,049	221,305	37,451
(13) J Shannon...................................................................... Director	1.0 ................. 15.0	X			0	255,000	0
(14) R Borger...................................................................... VP	30.0 ................. 30.0		X		0	25,385	2,360

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	169,370	6,264,628	5,909,575

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d	7,632,896,943
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f

g	Noncash contributions included in lines 1a - 1f:$		1g	7,632,896,943

h Total. Add lines 1a-1f.......		7,632,896,943

		Business Code
2a	STANDARDS FEE	541380	2,249,869	2,249,869
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		2,249,869

3 Investment income (including dividends, interest, and othersimilar amounts) ......			200,000,554	554	9,550,881	190,449,119
4 Income from investment of tax-exempt bond proceeds			0
5 Royalties...........			0
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)	0	0	6c
d	Net rental income or (loss).......			0
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)			7c
d	Net gain or (loss).........			0
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a	0
b	Less: direct expenses ...		8b	0
c	Net income or (loss) from fundraising events..			0
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a	0
b	Less: direct expenses ...		9b	0
c	Net income or (loss) from gaming activities..			0
10a	Gross sales of inventory, less returns and allowances ..
			10a	0
b	Less: cost of goods sold ..		10b	0
c	Net income or (loss) from sales of inventory..			0
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			0
12	Total revenue. See instructions.....			7,835,147,366	2,250,423	9,550,881	190,449,119

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	0
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	0
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	0
4	Benefits paid to or for members .......	0
5	Compensation of current officers, directors, trustees, and key employees ...........	95,815	95,815
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........	0
7	Other salaries and wages........	1,358,464	772,825	585,639
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	0
9	Other employee benefits .......	50,568	49,829	739
10	Payroll taxes ...........	42,398		42,398
11	Fees for services (non-employees):
a	Management ......	0
b	Legal .........	37,226	396	36,830
c	Accounting ...........	82,500		82,500
d	Lobbying ...........	0
e	Professional fundraising services. See Part IV, line 17	0
f	Investment management fees ......	0
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	369,679	99,963	269,716
12	Advertising and promotion ....	38,702	38,702
13	Office expenses .......	44,997	43,857	1,140
14	Information technology ......	1,915	1,785	130
15	Royalties ..	0
16	Occupancy ...........	0
17	Travel ............	1,028	79	949
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .	0
19	Conferences, conventions, and meetings ....	0
20	Interest ...........	1,858,165	1,858,165
21	Payments to affiliates .......	31,555	31,555
22	Depreciation, depletion, and amortization ..	17,361	17,361
23	Insurance ...	10,570		10,570
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	FEDERAL INCOME TAX	1,615,470	1,615,470
b	IC EXPENSES	224,778	224,778
c	NON-OP EXPENSE PENSION	27,359	27,359
d	OTHER TAX	19,953	19,953
e	All other expenses	2,437	2,196	241
25	Total functional expenses. Add lines 1 through 24e	5,930,940	4,900,088	1,030,852	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			0	1	13,402,556
2	Savings and temporary cash investments .........			0	2	0
3	Pledges and grants receivable, net ......			0	3	0
4	Accounts receivable, net .............			0	4	2,541,625
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				0	6	0
7	Notes and loans receivable, net ...........			0	7	0
8	Inventories for sale or use ............			0	8	0
9	Prepaid expenses and deferred charges ......			0	9	113,621
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	130,174
b	Less: accumulated depreciation	10b	130,174	0	10c	0
11	Investments—publicly traded securities .			0	11	0
12	Investments—other securities. See Part IV, line 11 .....			0	12	838,932,120
13	Investments—program-related. See Part IV, line 11 ..			0	13	0
14	Intangible assets ...............			0	14	533,938
15	Other assets. See Part IV, line 11 ...........			0	15	215
16	Total assets. Add lines 1 through 15 (must equal line 33)...			0	16	855,524,075

17	Accounts payable and accrued expenses .....	0	17	6,327,200
18	Grants payable ...	0	18	0
19	Deferred revenue .........	0	19	777,678
20	Tax-exempt bond liabilities .........	0	20	0
21	Escrow or custodial account liability. Complete Part IV of Schedule D	0	21	0
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
		0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..	0	23	0
24	Unsecured notes and loans payable to unrelated third parties ..	0	24	0
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	0	25	1,020,460,276
26	Total liabilities. Add lines 17 through 25..	0	26	1,027,565,154

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	0	27	-172,041,079
28	Net assets with donor restrictions ...........	0	28	0
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	0	32	-172,041,079
33	Total liabilities and net assets/fund balances ........	0	33	855,524,075