SEE SCHEDULE O
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.5B
+115.4% YoY
Annual Giving
$212K
-62.2% YoY
Grant Count
11
-21.4% YoY
Avg Grant Size
$19K
-51.9% YoY
About Ulse Inc
Based on IRS filings
Ulse Inc is a nonprofit organization focused on Public, Societal Benefit, based in EVANSTON, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $4.5B in total assets. In 2024, it awarded 11 grants totaling $212K. Net investment income was $63.5M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,508,329,813 | $2,092,621,786 | $1,340,148,729 |
| Revenue | $92,256,605 | $709,404,028 | $1,619,625,676 |
| Expenses | $71,744,742 | $62,444,671 | $39,794,315 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $63,519,061 | $682,675,548 | $1,592,614,258 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include National League of Cities ($50,000), League of American Wheelmen Inc ($37,500), American National Standards Institute ($22,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NATIONAL LEAGUE OF CITIES WASHINGTON, DC | GENERAL SUPPORT | $50,000 |
| LEAGUE OF AMERICAN WHEELMEN INC WASHINGTON, DC | GENERAL SUPPORT | $37,500 |
| AMERICAN NATIONAL STANDARDS INSTITUTE NEW YORK, NY | GENERAL SUPPORT | $22,000 |
| DARYL AND SHIRLEY JENKINS FOUNDATION LONGVIEW, WA | GENERAL SUPPORT | $20,000 |
| NORTH AMERICAN BIKE-SHARE ASSOCIATION PORTLAND, ME | GENERAL SUPPORT | $19,000 |
| INTERNATIONAL ASSOCIATION OF FIRE CHIEFS INC MCLEAN, VA | GENERAL SUPPORT | $12,500 |
| NATIONAL SOCIETY OF BLACK ENGINEERS ALEXANDRIA, VA | GENERAL SUPPORT | $12,153 |
| ATLANTA REGIONAL COMMISSION ATLANTA, GA | GENERAL SUPPORT | $10,362 |
| SAFE ROUTES TO SCHOOL NATIONAL FAIRFAX, VA | GENERAL SUPPORT | $10,000 |
| NATIONAL CORBON MONOXIDE AWARENESS ASSOC BLOOMFIELD HILLS, MI | GENERAL SUPPORT | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| R ROBINSON | EVP & CFO - UL SOLUTIONS | — | — |
| T BRADY | FORMER BOARD MEMBER | — | — |
| T RIVELLI | SVP, CLO, CORPORATE SECRETARY | 30 | $888,367 |
| R BLAUSTEIN | SVP, CFO | 30 | $839,790 |
| D STEEL | EXECUTIVE DIRECTOR OF ULSE | 60 | $715,500 |
| R BORGER | SVP, CHRO | 30 | $527,939 |
| J SHANNON | BOARD MEMBER | 6 | $186,250 |
| M MURRAY | VP, LEGAL & CORPORATE AFFAIRS | 30 | $451,542 |
| K DENIS | HEAD OF COMMUNICATIONS | 60 | $420,378 |
| D CONCEPCION | VP, CONTROLLER | 30 | $417,251 |
| G BORLASE | INTERIM EXEC. DIRECTOR OF ULSE | 60 | $421,272 |
| B LONG | VP, LEGAL AFFAIRS | 30 | $420,567 |
| J CANFIELD | VP OF STRATEGY | 30 | $402,643 |
| V MODEKURTI | SVP, CIO | 30 | $397,164 |
| S BIRD | VP, INTERNATIONAL STANDARDS | 60 | $368,365 |
| D WROTH | SR DIR, TECHNOLOGY & SYSTEMS | 60 | $348,754 |
| D MCKNIGHT | HEAD OF PARTNERSHIPS | 60 | $359,945 |
| J WOLFE JR | DIR, STRATEGIC INITIATIVES | 60 | $320,195 |
| D SHEERAN | DIR, FIN PLANNING & ANALYSIS | 30 | $301,921 |
| D JORDAN | DIRECTOR, STANDARDS PROGRAMS | 60 | $314,448 |
| L ROHRBAUGH | HEAD OF INSIGHTS & POLICY | 60 | $295,643 |
| S NAZEMI | SR DIR,IT INFRASTRUCTURE & OPS | 30 | $289,564 |
| V PATEL | TREASURER | 30 | $292,945 |
| K SZCZECH | SVP/TREAS - UL SOLUTIONS | — | — |
| P KHOURY | BOARD MEMBER | 0.5 | $43,750 |
| P PIQUEIRA | VP, SENIOR ADVISOR | 60 | $184,810 |
| J WITTENBERG | BOARD MEMBER | 6 | $165,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ulse Inc?
Ulse Inc is a nonprofit organization focused on Public, Societal Benefit, based in EVANSTON, IL. It holds $4.5B in total assets as of 2024.
How large is Ulse Inc?
As of 2024, Ulse Inc holds $4.5B in total assets with $92.3M in annual revenue. It awarded 11 grants totaling $212K in 2024.
Where does Ulse Inc operate?
Ulse Inc has awarded grants in District of Columbia, Georgia, Illinois, Maine, Michigan, North Carolina, New York, Virginia, Washington.
What size grants does Ulse Inc award?
In 2024, Ulse Inc awarded 11 grants totaling $212K — an average of about $19K per grant, based on its IRS Form 990 filings.
What is Ulse Inc's EIN?
Ulse Inc's EIN (Employer Identification Number) is 30-1211139. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Ulse Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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