Ulse Inc

“Amended certificate of incorporation to clarify rights of members to remove directors and fill vacancies, update procedures for board to appoint board committees under delaware law, and update limitation of liability to align with amended delaware law; amended bylaws to align procedures for appointing board committees with amended certificate of incorporation and to update the authority of executive director to assign authority to assistant officers; amended certificate of incorporation and bylaws to align with updates to delaware statutory law.”

“Underwriters laboratories inc. Is the sole member of the organization. The organization does not have capital stock or any stockholders.”

“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.”

“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 organization would be subject to approval by the sole member.”

“The form 990 tax return is prepared by an outside professional accounting firm. A draft of the return is initially reviewed by the senior tax manager, after which it is sent for officers review, which include the svp/chief financial officer and vp of legal affairs. 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 organization's board members prior to the filing date.”

“Ulse inc. Requires its directors and officers to certify compliance with the organization's standards of business conduct and conflict of interest policy on an annual basis. The organization's conflict of interest policy requires all directors to provide an annual and ongoing disclosure of any potential conflicts of interest and recuse themselves from deliberation or voting on any action for which they have a conflict of interest. The organization also requires all of its employees to undergo an annual ethics training.”

“The process of determining compensation for the ceo, all officers and key employees of the organization is performed annually. An independent compensation consultant completes an analysis of comparable and competitive market data. 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. 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.”

“PLEASE SEE ABOVE.”

“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.”

“Ulse inc. Translates scientific discoveries into standards and policies that have the power to make a systemic impact on public safety throughout the world. Our extensive library of standards helps to make everyday things safer, more secure, and more sustainable, from life jackets to batteries to autonomous cars.”

“Ulse inc. Donates certain services and the use of facilities to its affiliate underwriters laboratories inc. Free of charge pursuant to a contribution of services agreement. In 2024, the value of the donated services and facilities was $22,044,001.”

“Ulse inc. Received $2,124,132,000 of net proceeds during 2024 from its sale of ul solutions inc. Stock in two public offerings: the initial public offering (ipo) of ul solutions inc., which closed in april 2024, and a follow-on public offering, which closed in september 2024. Ul solutions inc. Did not receive any proceeds from these offerings. Prior to these offerings, ulse inc. Owned 100% of the outstanding capital stock of ul solutions inc. As of december 31, 2024, ulse inc. Owned a majority of the outstanding capital stock of ul solutions inc. - dividend from ul solutions, inc. 82,548,750 - net proceeds on sale of ul solutions, inc. Stock 2,124,132,000 - net income of ul solutions, inc. Attributable to non-controlling interest 65,494,989 - establishment of post-retirement medical benefit plan (273,110) total 2,271,902,629”

“Description:outside services total fees:14193531”