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Q: Executive Compensation at Underwriters Laboratories ( Answered 5 out of 5 stars,   1 Comment )
Subject: Executive Compensation at Underwriters Laboratories
Category: Business and Money
Asked by: ams-ga
List Price: $50.00
Posted: 03 Jan 2003 13:28 PST
Expires: 02 Feb 2003 13:28 PST
Question ID: 137106
How much are specific executives at Underwriters Laboratories
compensated, i.e. in salary, bonus, benefits etc. Is any compensation
based on specified incentives?

UL is a non-profit corporation and the current President and CEO is
Loring W. Knoblauch.

Request for Question Clarification by tutuzdad-ga on 03 Jan 2003 13:33 PST
Which "specific executives" are you referring to?


Clarification of Question by ams-ga on 03 Jan 2003 13:56 PST
I am intersted in just the highest paid executives, maybe 3-5
individuals. The President and CEO Loring W. Knoblauch is the most
critical executive, as he presumably is the most highly compensated.
His compensation alone would be the minimum acceptable answer.

Subject: Re: Executive Compensation at Underwriters Laboratories
Answered By: pafalafa-ga on 14 Jan 2003 18:14 PST
Rated:5 out of 5 stars
This was a challenging question, but as it turns out, there is an
enormous amount of information available about compensation levels at
not-for-profit organizations such as Underwriters Laboratories.  As
made clear by the title of an article at:

Exposing Salaries: A Not-for-Profit Dilemma

recent law requires reporting of executive salaries, and the reports
are publicly available.  Specifically, the article states:

"Tax Code Section 6033 mandates that the salaries of a not-for-profit
organization's officers, directors or trustees be reported annually on
Form 990. Not surprisingly, the people who run not-for-profit
organizations dislike this reporting requirement with a passion --
especially now with the increased accessibility the public has to this

Whether they like it or not, Form 990 for Underwriters Laboratory for
the year 2000 is publicly available at:

Schedule 13, Part V of the form lists all officers and trustees for
Underwriter Laboratories along with their salaries.  I counted 18
executives listed, along with 16 trustees.  For the sake of decorum, I
have not reproduced the information here, but I will mention that
total executive compensation in 2000 was precisely $4,340,323. Some
additional information is available on benefits as well.  Go directly
to the link if you want to see the full picture in all its glory (you
will need Adobe Acrobat to read the pdf file--let me know if you need
assistance with this).

Another section of Form 990 -- Schedule A, Part I -- lists the
compensation of the 5 highest paid employees other than Officers,
Directors, Trustees, and includes information for the General Counsel,
Director of Executive Operations, and other similarly senior titles.

The 2000 Form 990 is the most recent one available on the web, and
includes CEO level information, though not for UL's new chief
executive, Loring W. Knoblauch.  More current filings would (or soon
will) include this information, and are available directly from the
IRS, according to a FAQ on their website:,,id=96430,00.html#13

How can one get a copy of an organization's exemption application or
annual information return from the IRS?

"Generally, fax inquiries for the annual information return may be
directed to the EO Photocopy Unit in Ogden, Utah by dialing
1-801-775-8803. (This is not a toll-free number.) This request should
include the organization's name, complete address and Employer
Identification Number (E.I.N.)."

"Alternatively, a request for either the exemption application or the
annual information return may be mailed using the Form 4506-A ,
Request for Public Inspection or Copy of Exempt Organization IRS Form,
which may be mailed to: TE/GE Customer Service, P.O. Box 2508, Room
4010, Cincinnati, OH 45201, in the case of the exemption application;
and Internal Revenue Service Center, Ogden, UT 84201, in the case of
an annual information return."

If you want to go this route for more up to date information, UL's EIN
on their 2000 Form 990 is 36-1892375.  But before you go through the
IRS you might want to simply call UL and ask -- since the data is
publicly available anyway, they might simply shrug their shoulders and
tell you what you want to know.

I hope this information meets your needs.  I strive to give the best
possible, but if you feel additional information is needed, please
post a "Request for Clarification" before rating this answer.

Clarification of Answer by pafalafa-ga on 14 Jan 2003 19:11 PST
I neglected to mention my search strategy.  My original Google
searches on Underwriters Laboratories and various executive names led
nowhere.  Nor did I have any luck looking for UL information on
various business-specific sites.  But a search on "not for profit
organizations" and "reporting requirements" hit the jackpot, leading
me to a number of key sites for the Form 990 information.
ams-ga rated this answer:5 out of 5 stars
You came through with the right information when others had failed.
Even though the information for 2000 is not current, it may be close
enough. Plus, you provided the path I need to follow should I need a
more recent report.

Nice work!

Subject: Re: Executive Compensation at Underwriters Laboratories
From: ragingacademic-ga on 16 Jan 2003 17:26 PST
pafalafa -

Great work!
I spent a couple of hours on this one and got nowhere...



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