Material Handling Industry
- Assets
- $56.1m
- Revenue
- $24.7m
- Investments
- $0.0
- Employees
- 45
- Location
- Charlotte, NC
- Founding
- 06/1988
- Data as of
- 12/2022
- EIN
- 56-1596147
Organization Overview
Material Handling Industry, operating under the name Mhi, is located in Charlotte, NC. The organization was established in 1988. 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, Mhi employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mhi 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, Mhi generated $24.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $19.3m during the year ending 12/2022. While expenses have increased by 4.8% 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.
Since 2014, Mhi has awarded 36 individual grants totaling $987,510. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER MEMBER VALUE EVERY DAY. VISION - TO BE THE AUTHORATIVE RESOURCE FOR MATERIAL HANDLING INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MODEX 2022 BROUGHT THE MANUFACTURING AND SUPPLY CHAIN INDUSTRY TOGETHER ON APRIL 4 -7 IN THE GEORGIA WORLD CONGRESS COVENTION CENTER, WITH 37,000 VISITORS CONNECTED OVER 857 EXHIBITS ACROSS 405,000 SQUARE FEET FOR LEARNING, ENGAGING AND DISCOVERING EQUIPMENT AND TECHNOLOGY INNOVATIONS TO BUILD SUPPLY CHAIN RESILIENCE AMID DISRUPTION. MODEX 2022 INCLUDED 172 EDUCATIONAL SEMINARS AND FOUR KEYNOTES, INDUSTRY NIGHT ENTERTAINMENT EVENT, AND INNOVATION AWARDS FOR BEST NEW PRODUCT, BEST NEW AND EXISTING IT INNOVATIONS. MODEX 2022 WELCOMED 305 HIGH SCHOOL, UNIVERSITY STUDENTS AND EDUCATORS TO THE EVENT.
MEMBERSHIP MEETINGS: TWO MEMBERSHIP MEETINGS WERE HELD, THE MHI SPRING MEETING AND THE MHI ANNUAL CONFERENCE. THE MHI ANNUAL CONFERENCE IS AN INTERACTIVE THOUGHT LEADERSHIP EVENT 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. PRODUCT SPECIFIC INDUSTRY GROUP MEETINGS FOCUS ON STANDARD DEVELOPMENT, AND DEVELOPMENT ON TECHNICAL, SAFETY, AND EDUCATIONAL MATTERS.
THE MHI LEADERSHIP PROGRAM CONDUCTED TWO COHORT SESSIONS IN 2022. THROUGH THE PROGRAM, NEW AND EMERGING LEADERS WILL ENGAGE WITH PEERS AND EXECUTIVES IN WORKSHOPS, TEAM SIMULATIONS AND MENTORING OPPORTUNITIES TO HELP IMPROVE THEIR LEADERSHIP SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Wood Director | OfficerTrustee | 2 | $0 |
Kevin O'neill Chairman | OfficerTrustee | 3 | $0 |
Bryan Jensen President | OfficerTrustee | 2 | $0 |
Chris Becker Director | Trustee | 2 | $0 |
Steve Diebold Director | Trustee | 2 | $0 |
Eddie Murphy Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sme Entertainment Group Speaker's Bureau | 12/30/22 | $329,210 |
Prestige Economics Financial Market Research | 12/30/22 | $249,771 |
Del Sole Cavanaugh Stroyd Llc Legal Services | 12/30/22 | $162,632 |
Deloitte Consulting Llp Industry Research Services | 12/30/22 | $125,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $794,732 |
| 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 | $794,732 |
| Total Program Service Revenue | $21,433,445 |
| Investment income | $929,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$117,743 |
| Net Gain/Loss on Asset Sales | -$55,535 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,661,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $140,877 |
| 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. | $729,053 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,263,791 |
| Pension plan accruals and contributions | $390,422 |
| Other employee benefits | $474,226 |
| Payroll taxes | $313,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,734 |
| Fees for services: Accounting | $42,183 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $119,585 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $372,384 |
| Information technology | $693,098 |
| Royalties | $0 |
| Occupancy | $105,564 |
| Travel | $52,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,189,891 |
| Interest | $11,743 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $372,971 |
| Insurance | $27,464 |
| All other expenses | $93,283 |
| Total functional expenses | $19,306,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,054,867 |
| Savings and temporary cash investments | $4,861,648 |
| Pledges and grants receivable | $482,769 |
| Accounts receivable, net | $224,551 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,862 |
| Prepaid expenses and deferred charges | $1,365,341 |
| Net Land, buildings, and equipment | $14,487,133 |
| Investments—publicly traded securities | $28,205,221 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $185,107 |
| Other assets | $190,960 |
| Total assets | $56,063,459 |
| Accounts payable and accrued expenses | $1,653,613 |
| Grants payable | $0 |
| Deferred revenue | $22,352,271 |
| 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 | $3,399,813 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $138,562 |
| Total liabilities | $27,544,259 |
| Net assets without donor restrictions | $28,519,200 |
| 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 | $56,063,459 |
Grants Awarded
Over the last fiscal year, Material Handling Industry has awarded $68,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MATERIAL HANDLING EDUCATION FOUNDATION INC PURPOSE: SCHOLARSHIP PROGRAM | $32,600 |
AMERICAN LOGISTICS AID NETWORK PURPOSE: GENERAL SUPPORT | $10,000 |
SECOND HARVEST FOOD BANK OF METROLINA PURPOSE: GENERAL SUPPORT | $6,000 |
WORLD CENTRAL KITCHEN PURPOSE: RELIEF AID MEALS | $20,000 |