Rack Manufacturers Institute
- Assets
- $764.1k
- Revenue
- $389.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 09/1960
- Data as of
- 12/2021
- EIN
- 25-1124213
Organization Overview
Rack Manufacturers Institute is located in Charlotte, NC. The organization was established in 1960. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is the central organization for a national or regional group of organizations. Rack Manufacturers Institute is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Rack Manufacturers Institute generated $389.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $204.9k during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RMI PROMOTES THE SAFE DESIGN AND USE OF INDUSTRIAL STORAGE RACKS THROUGH RESEARCH, TESTING, PREPARATION OF SPECIFICATIONS AND GUIDELINES, EDUCATIONAL PROGRAMMING AND MEETINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP MEETINGS - TWO MEETINGS HELD TO CONDUCT WORK FOCUSING ON ISSUES OF MUTUAL CONCERNS AND GROWTH OF THE RACK MATERIAL HANDLING INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Neal Vice President | Officer | 0.1 | $0 |
Ryan Young Treasurer | Officer | 0.1 | $0 |
Nelson Cantillo Secretary | Officer | 0.1 | $0 |
John Krummel President | Officer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $354,600 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,996 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $389,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,650 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $485 |
| Fees for services: Accounting | $425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,920 |
| Advertising and promotion | $18,665 |
| Office expenses | $110 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,460 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $340 |
| All other expenses | $531 |
| Total functional expenses | $204,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $764,054 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $764,054 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $99,975 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $99,975 |
| Net assets without donor restrictions | $664,079 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $764,054 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cotton Incorporated Cary, NC | $22,712,180 | $76,215,846 |
City Of Florence Public Facilities Corporation Florence, SC | $18,928,313 | $2,366,985 |
Service Corps Of Retired Executives Association Herndon, VA | $11,816,704 | $17,894,443 |
Lsa Management Inc Salisbury, NC | $180,015,049 | $10,600,308 |
Pcmh Management Inc Greenville, NC | $44,108,971 | $7,088,400 |
Georgia Center For Nonprofits Inc Atlanta, GA | $2,336,696 | $2,873,224 |
Modular Building Institute Charlottesville, VA | $2,058,716 | $1,866,624 |
Plumbing Manufacturers International Nfp Mclean, VA | $1,816,180 | $1,986,956 |
Builders Exchange Of Tennessee Inc Knoxville, TN | $3,303,908 | $1,339,963 |
Society For Human Resource Mangement Shrm-Atlanta Inc Atlanta, GA | $1,469,118 | $1,192,778 |
Middle Tennessee Industrial Development Association Nashville, TN | $1,313,834 | $842,842 |
Steel Joist Institute Florence, SC | $1,092,464 | $970,121 |