Material Handling Equipment Distributors Association
- Assets
- $5.8m
- Revenue
- $3.8m
- Investments
- $349.0
- Employees
- 12
- Location
- Wauconda, IL
- Founding
- 02/1966
- Data as of
- 12/2022
- EIN
- 36-2553797
Organization Overview
Material Handling Equipment Distributors Association is located in Wauconda, IL. The organization was established in 1966. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Material Handling Equipment Distributors Association employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Material Handling Equipment Distributors Association 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 12/2022, Material Handling Equipment Distributors Association generated $3.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. While expenses have increased by 4.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION OFFERS ITS MEMBERSHIP SERVICES RELATED TO EDUCATION, PUBLIC RELATIONS, AND INDUSTRY INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF INDEPENDENT DISTRIBUTORS IN THE METHOD AND PRACTICE NECESSARY FOR THEM TO BECOME THE MOST EFFICIENT MEDIUM THROUGH WHICH MATERIAL HANDLING EQUIPMENT MANUFACTURERS DISTRIBUTE THEIR PRODUCTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Albero Chairman | OfficerTrustee | 1 | $0 |
John Gelsimino Chairman-Elect | OfficerTrustee | 1 | $0 |
Van Clarkson Treasurer | OfficerTrustee | 1 | $0 |
Nathan Storey Vice President | OfficerTrustee | 1 | $0 |
Theodore Springer Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Darin Boik Director | Trustee | 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 | $3,537,435 |
| Investment income | $191,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,984 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,765,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $380,223 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $841,719 |
| Pension plan accruals and contributions | $123,748 |
| Other employee benefits | $0 |
| Payroll taxes | $78,524 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,383 |
| Fees for services: Accounting | $23,356 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,115 |
| Fees for services: Other | $14,577 |
| Advertising and promotion | $0 |
| Office expenses | $155,377 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,972 |
| Travel | $82,491 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,079,373 |
| Interest | $8,962 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,133 |
| Insurance | $116,626 |
| All other expenses | $31,736 |
| Total functional expenses | $3,378,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,664 |
| Savings and temporary cash investments | $1,438,267 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,000 |
| 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 | $228,071 |
| Net Land, buildings, and equipment | $59,794 |
| Investments—publicly traded securities | $3,696,271 |
| Investments—other securities | $349 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,033 |
| Total assets | $5,778,449 |
| Accounts payable and accrued expenses | $42,234 |
| Grants payable | $0 |
| Deferred revenue | $1,234,279 |
| 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 | $98,682 |
| Total liabilities | $1,375,195 |
| Net assets without donor restrictions | $4,403,254 |
| 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 | $5,778,449 |