Underwriters Laboratories Inc

“James shannon and james dollive have a business relationship.”

“Amended certificate of incorporation to remove reference to religious purposes in purposes clause as inapplicable to corporation and to update limitation of liability to align with amended delaware law; amended bylaws to remove minimum required board members, clarify independence requirements for directors, add authority of board to form and delegate authority to board committees, and add appointment and authority of board chair; amended certificate of incorporation and bylaws to align with updates to delaware statutory law.”

“The organization is a nonstock corporation with no shareholders.”

“The corporate members have the duty to appoint one or more members of the organization's governing body, which is the board of trustees. A majority of the members, present in person or represented by proxy, constitutes a quorum at all meetings of corporate members for the transaction of business except as otherwise provided by statute or certificate of incorporation. Each corporate member is entitled to one vote in person or proxy.”

“Under the law of the state of incorporation, certain actions such as complete dissolution of the organization, as decided by the board of trustees would be subject to approval by the corporate members. Each corporate member is entitled to one vote in person or proxy.”

“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 company's board members prior to the filing date.”

“Underwriters laboratories inc. Requires its trustees 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 trustees 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 market data. It covers top management officials of the organization, including elected officers through vice presidents. The analysis is reviewed by the governance and compensation committee of the board of trustees, which makes final decisions over all compensation arrangements. 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. Underwriters laboratories inc. 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.”

“Underwriters laboratories inc.'s mission is: to advance safety science through research and investigation for the public good; to promote safe living and working environments for people by the application of safety science research and hazard-based safety engineering; to support the research and development of products that are physically and environmentally safe and to apply our research efforts towards prevention or reduction loss of life and property for the broader public good; to educate the general public about safety science through the publication and dissemination of research results”

“Ulse inc., an affiliate of ulri, donates certain services and the use of facilities to ulri free of charge pursuant to a contribution of services agreement. In 2024, the value of the donated services and facilities was $22,044,001.”

“Description:other services total fees:17801583”