Material Handling Industry FY2020 filing

Not tax-deductible

Charlotte, NC501(c)(6)Since 1945Mutual / membership EIN 56-1596147Revenue $19.2M in FY2020

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.
$2.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2020 · 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
$2.4M
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
6 mo
of spending, in cash
Plus $23.2M in investments, Pt X · Ln 11–13
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18.7M
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.2M
Spent
$17.0M
Net assets
$29.3M
By yearFY2020–FY2024
Revenue
$19.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$19.2M
FY2022$24.7M
FY2023$34.9M
FY2024$32.9M
Expenses
$17.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$17.0M
FY2022$19.3M
FY2023$24.5M
FY2024$25.4M
Net assets
$29.3M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

20 people listed on the 990; $2.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
$802,855Pt VII · Sec A
COO and CEO Designate
$370,271Pt VII · Sec A
EVP of Exhibitions
$284,357Pt VII · Sec A
EVP of Membership
$240,283Pt VII · Sec A
Chief Digital Officer
$206,335Pt VII · Sec A
Director of Sales
$179,205Pt VII · Sec A
VP of Marketing
$150,742Pt VII · Sec A
Controller
$129,773Pt 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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2 programs · in their own filed words · FY2020
01

Tradeshow and Conference

Modex 2020 was held at GWCC, atlanta, march 9-12, with 894 exhibits covering 355,790 square feet. Under covid concerns at the time of the show, over 16,000 supply chain and manufacturing professionals attended to experience a wide range of manufacturing, supply chain and transportation equipment and systems solutions and education.

Pt IX · col B
02

Membership Meetings

Two annual membership meetings were held virtually due to covid concerns. The meetings focus on issues of mutual industry concerns and growth of the material of the material handling industry. Members focus on standard development, and development on technical, safety, and educational matters.

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$19.2M
Ln 12
Fees for servicesLn 2g$18.3M
Other incomeLn 4–11$607K
Investment incomeLn 3$364K
Money outPt IX
$17.0M
Ln 25
Owns and owesPt X
$29.3M
net assets · Ln 32
Cash and savingsLn 1–2$8.3M
Total assetsLn 16$47.9M
LiabilitiesLn 26$18.7M
PeoplePt VI, VII
20
listed · VII A
PaidVII A8
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$18.3M
Investment incomeLn 3$364K
Other incomeLn 4–11$607K
Gains on assetsLn 7−$74K
Total revenueLn 12$19.2M
Assets in detailPt X, end of year
CashLn 1$3.8M
SavingsLn 2$4.5M
Cash and savings togetherLn 1–2$8.3M
InvestmentsLn 11–13$23.2M
Land, buildings, equipmentLn 10c$15.2M
Other assetsLn 15$232K
Total assetsLn 16$47.9M
LiabilitiesLn 26$18.7M
Net assetsLn 32$29.3M
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 FY20End FY20
Cash and savingsLn 1–2$3.1M$8.3M
InvestmentsLn 11–13$23.3M$23.2M
Land, buildings, equipmentLn 10c$15.4M$15.2M
Total assetsLn 16$43.7M$47.9M
LiabilitiesLn 26$18.2M$18.7M
Net assetsLn 32$25.5M$29.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$252K
Pay of current officers, directors and key staffLn 5$1.4M
Other salaries and wagesLn 7$3.8M
Pension plan contributionsLn 8$255K
Other employee benefitsLn 9$464K
Payroll taxesLn 10$300K
Legal feesLn 11b$192K
Accounting feesLn 11c$51K
Investment management feesLn 11f$122K
Other fees for servicesLn 11g$94K
Office expensesLn 13$151K
Information technologyLn 14$481K
OccupancyLn 16$176K
TravelLn 17$22K
Conferences, conventions and meetingsLn 19$503K
InterestLn 20$16K
Depreciation, depletion and amortizationLn 22$333K
InsuranceLn 23$28K
Other expenses (24a–d)Ln 24$8.3M
All other expensesLn 24e$25K
Total functional expensesLn 25$17.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $19,242,178 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $22,626,356$18,270,800
I-10 Investment incomePrior year $1,599,954$363,992
I-11 Other revenuePrior year $282,104$607,386
I-12 Total revenuePrior year $24,508,414$19,242,178
I-13 Grants and similar amounts paidPrior year $184,490$251,854
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,553,285$6,197,890
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,593,841$10,502,103
I-18 Total expensesPrior year $18,331,616$16,951,847
I-19 Revenue less expensesPrior year $6,176,798$2,290,331
Part VI · Governance 11 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
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 $19,242,178 across 6 lines filed
Lines not itemized here account for $420,741 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,773,650 · Unrelated business $497,150$18,270,800
VIII-3 Investment incomeExcluded from tax $437,765$437,765
VIII-6 Net rental income or lossUnrelated business −$42,615 · Excluded from tax −$108,508−$151,123
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$73,773−$73,773
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $124,566 · Unrelated business $213,202$337,768
VIII-12 Total revenueRelated to mission $18,318,957 · Unrelated business $667,737 · Excluded from tax $255,484$19,242,178
Part IX · Statement of functional expenses $16,951,847 across 20 lines filed
IX-1 Grants to domestic organizations$251,854
IX-5 Pay of current officers, directors and key staff$1,418,537
IX-7 Other salaries and wages$3,760,766
IX-8 Pension plan contributions$254,662
IX-9 Other employee benefits$463,680
IX-10 Payroll taxes$300,245
IX-11b Legal fees$191,722
IX-11c Accounting fees$50,539
IX-11f Investment management fees$121,705
IX-11g Other fees for services$94,139
IX-13 Office expenses$151,362
IX-14 Information technology$480,702
IX-16 Occupancy$176,413
IX-17 Travel$21,939
IX-19 Conferences, conventions and meetings$503,255
IX-20 Interest$16,368
IX-22 Depreciation, depletion and amortization$333,495
IX-23 Insurance$27,939
IX-24 Other expenses (24a–d)$8,307,734
IX-24e All other expenses$24,791
IX-25 Total functional expenses$16,951,847
Part X · Balance sheet $47,906,820 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,929,178$3,816,844
X-2 Savings and temporary cash investmentsStart of year $1,213,584$4,501,465
X-4 Accounts receivableStart of year $142,585$245,913
X-8 Inventories for sale or useStart of year $11,539$5,573
X-9 Prepaid expenses and deferred chargesStart of year $1,235,606$607,868
X-10c Land, buildings and equipment, netStart of year $15,440,600$15,192,449
X-11 Publicly traded securitiesStart of year $23,321,428$23,169,741
X-14 Intangible assetsStart of year $181,206$134,894
X-15 Other assetsStart of year $217,077$232,073
X-16 Total assetsStart of year $43,692,803$47,906,820
X-17 Accounts payable and accrued expensesStart of year $1,350,500$924,133
X-19 Deferred revenueStart of year $12,892,143$7,759,803
X-25 Other liabilitiesStart of year $148,901$6,346,355
X-26 Total liabilitiesStart of year $18,178,079$18,653,157
X-27 Net assets without donor restrictionsStart of year $25,514,724$29,253,663
X-32 Total net assets or fund balancesStart of year $25,514,724$29,253,663
X-33 Total liabilities and net assetsStart of year $43,692,803$47,906,820
Part XI · Reconciliation of net assets $29,253,663 net assets at year end
XI-1 Total revenue$19,242,178
XI-2 Total expenses$16,951,847
XI-3 Revenue less expenses$2,290,331
XI-4 Net assets at start of year$25,514,724
XI-5 Net unrealized gains (losses) on investments$1,448,608
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,253,663

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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