Material Handling Industry
- Assets
- $47.7m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 39
- Location
- Charlotte, NC
- Founding
- 06/1988
- Data as of
- 12/2021
- 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 12/2021, Mhi employed 39 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 12/2021, Mhi generated $9.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $11.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mhi has awarded 32 individual grants totaling $918,910. 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
2021
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
PROMATDX BROUGHT THE MANUFACTURING AND SUPPLY CHAIN INDUSTRY TOGETHER APRIL 12 -16, WITH OVER 17,000 ATTENDEES LEARNING, ENGAGING AND DISCOVERING EQUIPMENT AND TECHNOLOGY INNOVATIONS TO BUILD SUPPLY CHAIN RESILIENCE AMID DISRUPTION. PROMATDX INCLUDED 360 SPONSOR SHOWCASES, FOUR KEYNOTES, 106 SEMINARS AND 650 PRODUCT DEMONSTRATIONS, 18 ROUNDTABLES, 12 LIVE FROM PROMATDX SESSIONS AND FIVE DAILY RECAPS, ALL WITH A BIG FOCUS ON AUTOMATION AND EMERGING TECHNOLOGY SOLUTIONS. ALL IN ALL, THE PROMATDX HAD 778,927 TOTAL INTERACTIONS DURING THE WEEK.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Prest Former Mhi CEO | 0 | $450,000 | |
John Paxton CEO | Officer | 40 | $433,795 |
Daniel Mckinnon Evp Of Exhibitions | 40 | $293,386 | |
Michael Mikitka Evp Of Werc | 40 | $250,822 | |
Christian Dow Evp Of Membership | 40 | $247,996 | |
Christy Dula Chief Digital Officer | 40 | $236,236 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prestige Economics Financial Market Research | 12/30/21 | $189,130 |
Del Sole Cavanaugh Stroyd Llc Legal Services | 12/30/21 | $181,754 |
Sara Specter Marketing Mercenary Llp Marketing Consulting Services | 12/30/21 | $112,375 |
Deloitte Consulting Llp Industry Research Services | 12/30/21 | $165,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $727,982 |
| 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 | $727,982 |
| Total Program Service Revenue | $6,133,940 |
| Investment income | $704,899 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$218,298 |
| Net Gain/Loss on Asset Sales | $930,174 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,373,813 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $64,576 |
| 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. | $659,233 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,684,337 |
| Pension plan accruals and contributions | $421,076 |
| Other employee benefits | $514,655 |
| Payroll taxes | $274,528 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $123,117 |
| Fees for services: Accounting | $47,094 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $122,761 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $197,769 |
| Information technology | $486,883 |
| Royalties | $0 |
| Occupancy | $153,895 |
| Travel | $31,968 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,628,693 |
| Interest | $10,474 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $340,679 |
| Insurance | $27,482 |
| All other expenses | $13,122 |
| Total functional expenses | $11,488,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,516,305 |
| Savings and temporary cash investments | $658,562 |
| Pledges and grants receivable | $727,982 |
| Accounts receivable, net | $63,519 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,686 |
| Prepaid expenses and deferred charges | $884,634 |
| Net Land, buildings, and equipment | $14,728,805 |
| Investments—publicly traded securities | $26,737,978 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $169,263 |
| Other assets | $189,892 |
| Total assets | $47,683,626 |
| Accounts payable and accrued expenses | $911,851 |
| Grants payable | $0 |
| Deferred revenue | $15,676,224 |
| 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 | $3,545,682 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $119,920 |
| Total liabilities | $20,253,677 |
| Net assets without donor restrictions | $27,429,949 |
| 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 | $47,683,626 |
Grants Awarded
Over the last fiscal year, Material Handling Industry has awarded $46,450 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: UNIVERSITY SCHOLARSHIP PROGRAM/CAREER TECHNICAL EDUCATION PROGRAM | $36,450 |
Chicago, IL PURPOSE: SPEAKER GIFT AWARD | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Fs-Isac Inc Reston, VA | $27,418,346 | $31,957,295 |
National Association Of Convenience Stores Inc Alexandria, VA | $81,131,547 | $56,800,862 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Air-Conditioning Heating And Refrigeration Institute Arlington, VA | $58,066,234 | $32,390,159 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
Unc Management Company Inc Chapel Hill, NC | $53,097,067 | $30,528,524 |
Go Rving Inc Reston, VA | $28,984,123 | $37,260,082 |
Serc Reliability Corporation Charlotte, NC | $16,241,101 | $25,718,150 |
National Milk Producers Federation Arlington, VA | $39,144,677 | $53,985,808 |
American Association Of Airport Executives Alexandria, VA | $31,151,300 | $20,490,750 |
National Electrical Manufacturers Association Rosslyn, VA | $26,880,642 | $22,525,604 |