2023-09-12T12:46:07-05:00 2022-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2022-01-01 251303313 MATERIAL HANDLING EDUCATIONAL FOUNDATION INC MATE 7046761190 8720 RED OAK BLVD 201 CHARLOTTE NC 28217 MIKE LAURENT TREASURER 7046761190 2023-09-07 1 MIKE LAURENT 999009999 0 PAULA WENDLING P00536805 7043771678 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MIKE LAURENT 8720 RED OAK BLVD 201 CHARLOTTE NC 28217 974168 0 X WWW.MHI.ORG/MHEFI X 1976 PA THE MATERIAL HANDLING EDUCATION FOUNDATION, INC. IS AN INDEPENDENT CHARITABLE ORGANIZATION DEDICATED TO ATTRACT STUDENTS TO THE MATERIAL HANDLING, LOGISTICS, AND SUPPLY CHAIN INDUSTRY BY PROVIDING FINANCIAL SUPPORT.ESTABLISHED IN 1976, THE FOUNDATION HAS PROVIDED FUNDS THROUGH PRIVATE AND CORPORATE DONATIONS TO STUDENTS, TEACHERS, AND THEIR INSTITUTIONS. ALL PROGRAMS AND ACTIVITIES OF THE FOUNDATION CONTRIBUTE TO THE DEVELOPMENT OF FUTURE INDUSTRY LEADERS, TEACHERS AND RESEARCHERS. 23 23 0 0 0 0 174382 229811 0 0 86897 -23910 0 0 261279 205901 146600 174600 0 0 0 0 0 0 0 31873 36385 178473 210985 82806 -5084 1356131 1162046 13750 0 1342381 1162046 X PROVIDE FINANCIAL SUPPORT FOR EDUCATIONAL PROGRAMS TO ENGAGE AND RETAIN TALENT FOR THE MATERIAL HANDLING, LOGISTICS AND SUPPLY CHAIN INDUSTRY. 0 0 180486 174600 UNIVERSITY SCHOLARSHIP PROGRAM - GRANTS AWARDED THROUGH EDUCATIONAL INSTITUTIONS PROVIDING MATERIAL HANDLING EDUCATION CURRICULUM FOR STUDENTS PURSUING STUDIES IN MATERIAL HANDLING, INDUSTRIAL DISTRIBUTION, ENGINEERING, LOGISTICS, AND SUPPLY CHAIN INDUSTRIES. 46 SCHOLARSHIPS WERE AWARDED IN 2022. 0 PROFESSIONAL DEVELOPMENT GRANTS TO ASSIST PROGRAMS OR INDIVIDUALS TO PARTICIPATE IN SEMINARS, MEETINGS, SITE VISITS, AND OTHER EVENTS SPECIFICALLY RELATED TO MATERIAL HANDLING DISCIPLINE OF AUTOMATIC DATA COLLECTION. 4331 THE NORMAN L. CAHNERS INDUSTRY AWARD IS A LIFETIME ACHIEVEMENT AWARD THAT IS AWARDED ONLY WHEN A SUFFICIENT BODY OF DOCUMENTATION HAS BEEN PRESENTED TO CONVINCE A PANEL OF JUDGES THAT AN AWARD SHOULD BE MADE TO AN INDIVIDUAL, CORPORATION, OR ORGANIZATION THAT HAS CONTRIBUTED TO THE INDUSTRY IN AN EXTRAORDINARY WAY AND TO AN EXTRAORDINARY DEGREE OVER A SUSTAINED PERIOD OF TIME. CAREER AND TECHNICAL EDUCATION PROGRAM CONSISTS OF SUPPORTING ENTRY-LEVEL EDUCATIONAL PROGRAMS FOR HIGH SCHOOL, TECHNICAL AND COMMUNITY COLLEGE STUDENTS. FINANCIAL SUPPORT COULD INCLUDE CERTIFICATION PROGRAMS, EXPERIENTIAL GRANTS TO ATTEND INDUSTRY SPONSORED EVENTS, INSTRUCTIONAL MANUALS AND EQUIPMENT, AND WORKSHOPS. 184817 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 X MIKE LAURENT 7046761190 8720 RED OAK BLVD CHARLOTTE NC 282173992 X BRIAN NEUWIRTH PRESIDENT 0.10 0.00 X X 0 0 0 RYAN BARTLETT VICE PRESIDENT 0.10 0.00 X X 0 0 0 MIKE LAURENT TREASURER 0.30 0.00 X X 0 0 0 SAL FATEEN LAST RETIRING PRESIDENT 0.10 0.00 X X 0 0 0 DONNA VARNER EXECUTIVE DIRECTOR 6.00 0.00 X X 0 0 0 DR MICHAEL KAY CICMHE LIAISON 0.10 0.00 X 0 0 0 JAMES K ALLRED LIFETIME DIRECTOR 0.10 0.00 X 0 0 0 JAY ANDERSON DIRECTOR 0.10 0.00 X 0 0 0 PATTI BLESSING DIRECTOR 0.10 0.00 X 0 0 0 JAMES CABOT DIRECTOR 0.10 0.00 X 0 0 0 CHRISTIAN DOW DIRECTOR 0.10 0.00 X 0 0 0 JOHN HILL LIFETIME DIRECTOR 0.10 0.00 X 0 0 0 BRYAN JENSEN DIRECTOR 0.10 0.00 X 0 0 0 MICHAEL MIKITKA DIRECTOR 0.10 0.00 X 0 0 0 RAY NIEMEYER DIRECTOR 0.10 0.00 X 0 0 0 ARTHUR ST ONGE LIFETIME DIRECTOR 0.10 0.00 X 0 0 0 CRYSTAL PARROTT DIRECTOR 0.10 0.00 X 0 0 0 WILLIAM POWELL LIFETIME DIRECTOR 0.10 0.00 X 0 0 0 MITCH SMITH DIRECTOR 0.10 0.00 X 0 0 0 ARTHUR H STROYD JR DIRECTOR 0.10 0.00 X 0 0 0 JOEL THOMAS DIRECTOR 0.10 0.00 X 0 0 0 SEBASTIAN TITZE DIRECTOR 0.10 0.00 X 0 0 0 DR JAMES TOMPKINS LIFETIME DIRECTOR 0.10 0.00 X 0 0 0 0 0 0 0 0 0 0 0 229811 229811 42798 42798 701559 768267 -66708 -66708 -66708 205901 0 0 -23910 174600 174600 8270 8270 5785 5785 3598 3598 436 436 5494 5450 44 2666 2666 15 15 4443 4443 847 847 NORMAN CAHNERS INDUSTRY 4831 4331 500 210985 184817 26168 0 19419 8370 114859 36400 3227 141 1218626 1117135 1356131 1162046 13750 13750 0 X 223175 218777 1119206 943269 1342381 1162046 1356131 1162046 -5084 -175251 0 X 0 1 X 1 0 X 225134 116014 176244 174382 229811 921585 225134 116014 176244 174382 229811 921585 242497 679088 34227 45725 33236 38590 42798 194576 1116161 0.60840 0.57880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 865789 7500 -130753 8500 734036 810202 79587 24000 865789 729516 90186 9500 810202 624284 2250 107732 4750 729516 626003 47500 -39569 9650 624284 1.00000 0 0 0 X 74865 -175251 50000 -125251 200116 5785 5785 205901 255200 50000 50000 205200 5785 5785 210985 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE INTENDED TO PROVIDE AS FOLLOWS: (1) SCHOLARSHIP GRANT(S) TO POSTSECONDARY STUDENTS PURSUING STUDIES IN MATERIAL HANDLING (2) PROFESSIONAL DEVELOPMENT GRANTS TO ASSIST AWARDEES TO PARTICIPATE IN SEMINARS, MEETINGS, SITE VISITS AND OTHER EVENTS RELATED TO MATERIAL HANDLING DISCIPLINE OF AUTOMATIC DATA COLLECTION; (3) GRANTS TO INDIVIDUALS AND EDUCATORS THAT ARE PURSUING CAREERS OR REQUIRE TRAINING IN CAREER AND TECHNICAL EDUCATION. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO ITS TAX EXEMPT PURPOSE UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND APPLICABLE STATE STATUTES. THE FOUNDATION IS LIABLE FOR FEDERAL AND STATE TAXES ON ANY UNRELATED BUSINESS INCOME, AS DEFINED IN THE IRC. THE FOUNDATION FOLLOWS FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE FOUNDATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF DECEMBER 31, 2022 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. 1 SCHOLARSHIP GRANTS 46 174600 PART I, LINE 2: THE BOARD OVERSEES ALL GRANTS TO ENSURE FUNDS ARE USED APPROPRIATELY. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY OF THE FORM 990 WILL BE EMAILED TO THE BOARD UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR OR OFFICER AS TO WHOM A MATTER COMING BEFORE THE BOARD OF DIRECTORS OR A COMMITTEE ON WHICH SUCH THE DIRECTOR OR OFFICER SITS, WHICH MAY CONSTITUTE A CONFLICT OF INTEREST SHALL SO INDICATE AT OR PRIOR TO THE TIME SUCH MATTER IS BEING CONSIDERED TO THE BOARD OF DIRECTORS OR EXECUTIVE DIRECTOR. THE BOARD MEMBER IS EXCUSED FROM THE DISCUSSION AND VOTING ON THAT PARTICULAR MATTER. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, BYLAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.