Material Handling Industry

Not tax-deductible

Charlotte, NC501(c)(6)Since 1945Mutual / membership EIN 56-1596147Revenue $32.9M in FY2024

On file with the IRSmhi.org8720 Red Oak Blvd Ste 201, 28217-3996 · Charlotte, NCTax-exempt since Jun 1988

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To deliver member value every day. Vision - to be the authorative resource for Material Handling Industry

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 34 volunteers and 42 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $6.4M a year · 23% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Pay to officers and key staff
$3.5M
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Plus $55.9M in investments, Pt X · Ln 11–13
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$32.2M
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$32.9M
-6% vs prior year
Spent
$25.4M
Net assets
$53.4M
By yearFY2020–FY2024
Revenue
$32.9M
FY2024▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$19.2M
FY2022$24.7M
FY2023$34.9M
FY2024$32.9M
Expenses
$25.4M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$17.0M
FY2022$19.3M
FY2023$24.5M
FY2024$25.4M
Net assets
$53.4M
FY2024▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$29.3M
FY2022$28.5M
FY2023$41.4M
FY2024$53.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

26 people listed on the 990; $3.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
$598,034Pt VII · Sec A
VP Sales
$389,332Pt VII · Sec A
Chief Exhibitions Officer
$384,491Pt VII · Sec A
Chief Experience and Digital Tech Officer
$346,090Pt VII · Sec A
EVP Industry Leadership and Workforce Development
$320,097Pt VII · Sec A
Chief Marketing Officer
$292,221Pt VII · Sec A
EVP of Education
$276,235Pt VII · Sec A
Exhibit Sales Manager
$235,765Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
George W Prest———$802,855
John Paxton$598,034$546,989$463,112$370,271
Greg Baer$389,332$349,980——
Daniel McKinnon$384,491$378,324$311,581$284,357
Christy Dula$346,090$305,147$262,777$206,335
Christian Dow$320,097$299,995$262,876$240,283
Carol Miller$292,221$266,842$231,716$150,742
Michael Mikitka$276,235—$265,416—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering material handling professionals with daily value and industry expertise.

Questions for Material Handling Industry

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Your first name shows with your question. Material Handling Industry answers here, for everyone.

Provided by the organization

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3 programs · in their own filed words · FY2024
01

Membership Meetings

Two membership meetings were held, the mhi spring meeting and the mhi annual conference. Both meetings are interactive thought leadership events providing educational sessions, product specific industry group meetings and networking events focus on issues of mutual industry concerns and growth of the material handling industry.

Pt IX · col B
02

Modex 2024 brought the manufacturing and supply chain industry together on march 11-14 at atlanta's georgia world congress center, with 48,733 visitors connecting with 1,200 exhibits across 580,000 net square feet for learning, engaging, and discovering equipment and technology innovations to build supply chain efficiency and resilience.

Pt IX · col B
03

The werc 2024 annual conference, was a premier event for professionals in the warehousing, distribution, and logistics sectors. The conference offers a blend of educational sessions, industry-specific meetings, and networking opportunities aimed at tackling current supply chain challenges.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 19 grants · $834K · 2020–2024
American Logistics Aid NetworkFL · FY2024$205,000
HopematchNC · FY2020$10,000
SafeallianceNC · FY2020$5,200
CltgiveppeorgFY2020$5,100
See all 19 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$32.9M
Ln 12
Fees for servicesLn 2g$30.9M
Other incomeLn 4–11$1.2M
Investment incomeLn 3$784K
Money outPt IX
$25.4M
Ln 25
Owns and owesPt X
$53.4M
net assets · Ln 32
Cash and savingsLn 1–2$14.0M
Total assetsLn 16$85.7M
LiabilitiesLn 26$32.2M
PeoplePt VI, VII
26
listed · VII A
PaidVII A13
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$30.9M
Investment incomeLn 3$784K
Other incomeLn 4–11$1.2M
Gains on assetsLn 7$363K
Total revenueLn 12$32.9M
Assets in detailPt X, end of year
CashLn 1$11.9M
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$14.0M
InvestmentsLn 11–13$55.9M
Land, buildings, equipmentLn 10c$13.6M
Other assetsLn 15$171K
Total assetsLn 16$85.7M
LiabilitiesLn 26$32.2M
Net assetsLn 32$53.4M
OperationsPt I, VI
EmployeesI 542
VolunteersI 634
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$8.2M$14.0M
InvestmentsLn 11–13$45.2M$55.9M
Land, buildings, equipmentLn 10c$13.8M$13.6M
Total assetsLn 16$69.1M$85.7M
LiabilitiesLn 26$27.8M$32.2M
Net assetsLn 32$41.4M$53.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$610K
Pay of current officers, directors and key staffLn 5$2.7M
Other salaries and wagesLn 7$4.3M
Pension plan contributionsLn 8$540K
Other employee benefitsLn 9$696K
Payroll taxesLn 10$436K
Legal feesLn 11b$166K
Accounting feesLn 11c$91K
Investment management feesLn 11f$160K
Office expensesLn 13$430K
Information technologyLn 14$825K
OccupancyLn 16$29K
TravelLn 17$140K
Conferences, conventions and meetingsLn 19$1.2M
InterestLn 20$9K
Depreciation, depletion and amortizationLn 22$656K
InsuranceLn 23$31K
Other expenses (24a–d)Ln 24$12.1M
All other expensesLn 24e$277K
Total functional expensesLn 25$25.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $32.9M$25.4M$7.5M$53.4M 990 PDF
FY2023 $34.9M$24.5M$10.4M$41.4M 990 PDF
FY2022 $24.7M$19.3M$5.4M$28.5M 990 PDF
FY2021 Not on file
FY2020 $19.2M$17.0M$2.3M$29.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $32,854,382 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $31,131,190$30,910,305
I-10 Investment incomePrior year $1,773,576$784,478
I-11 Other revenuePrior year $1,976,784$1,159,599
I-12 Total revenuePrior year $34,881,550$32,854,382
I-13 Grants and similar amounts paidPrior year $136,341$610,452
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,556,896$8,650,145
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,824,158$16,135,458
I-18 Total expensesPrior year $24,517,395$25,396,055
I-19 Revenue less expensesPrior year $10,364,155$7,458,327
Part VI · Governance 13 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $32,854,382 across 6 lines filed
Lines not itemized here account for $4,220 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $30,069,639 · Unrelated business $836,446$30,906,085
VIII-3 Investment incomeExcluded from tax $421,843$421,843
VIII-6 Net rental income or lossUnrelated business $73,293 · Excluded from tax $263,006$336,299
VIII-7 Net gain or loss on sales of assetsExcluded from tax $362,635$362,635
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $402,934 · Unrelated business $420,366$823,300
VIII-12 Total revenueRelated to mission $30,476,793 · Unrelated business $1,330,105 · Excluded from tax $1,047,484$32,854,382
Part IX · Statement of functional expenses $25,396,055 across 19 lines filed
IX-1 Grants to domestic organizations$610,452
IX-5 Pay of current officers, directors and key staff$2,697,468
IX-7 Other salaries and wages$4,280,556
IX-8 Pension plan contributions$539,506
IX-9 Other employee benefits$696,147
IX-10 Payroll taxes$436,468
IX-11b Legal fees$165,806
IX-11c Accounting fees$91,358
IX-11f Investment management fees$160,465
IX-13 Office expenses$429,867
IX-14 Information technology$824,783
IX-16 Occupancy$28,510
IX-17 Travel$139,796
IX-19 Conferences, conventions and meetings$1,230,675
IX-20 Interest$9,440
IX-22 Depreciation, depletion and amortization$655,868
IX-23 Insurance$31,281
IX-24 Other expenses (24a–d)$12,091,106
IX-24e All other expenses$276,503
IX-25 Total functional expenses$25,396,055
Part X · Balance sheet $85,651,042 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $7,952,589$11,901,831
X-2 Savings and temporary cash investmentsStart of year $241,934$2,108,139
X-4 Accounts receivableStart of year $186,469$170,420
X-8 Inventories for sale or useStart of year $7,473$7,473
X-9 Prepaid expenses and deferred chargesStart of year $1,452,230$1,663,017
X-10c Land, buildings and equipment, netStart of year $13,779,810$13,622,300
X-11 Publicly traded securitiesStart of year $45,175,394$55,874,723
X-14 Intangible assetsStart of year $149,223$132,537
X-15 Other assetsStart of year $203,533$170,602
X-16 Total assetsStart of year $69,148,655$85,651,042
X-17 Accounts payable and accrued expensesStart of year $1,736,130$1,666,776
X-19 Deferred revenueStart of year $22,642,763$27,349,383
X-25 Other liabilitiesStart of year $140,231$122,681
X-26 Total liabilitiesStart of year $27,769,795$32,237,224
X-27 Net assets without donor restrictionsStart of year $41,378,860$53,413,818
X-32 Total net assets or fund balancesStart of year $41,378,860$53,413,818
X-33 Total liabilities and net assetsStart of year $69,148,655$85,651,042
Part XI · Reconciliation of net assets $53,413,818 net assets at year end
XI-1 Total revenue$32,854,382
XI-2 Total expenses$25,396,055
XI-3 Revenue less expenses$7,458,327
XI-4 Net assets at start of year$41,378,860
XI-5 Net unrealized gains (losses) on investments$4,576,631
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$53,413,818

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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