2024-11-15T09:17:03-06:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2023-01-01 561596147 MATERIAL HANDLING INDUSTRY MATE 7046761190 8720 RED OAK BLVD 201 CHARLOTTE NC 28217 GRAY MURRAY TREASURER 7046761190 2024-11-14 1 1 BREE-ANN WEIDNER P01319397 7043771678 2023 2024-10-15 13:58:12Z MHI GRAY MURRAY 8720 RED OAK BLVD 201 CHARLOTTE NC 28217 153151480 0 X WWW.MHI.ORG X 1945 PA TO DELIVER MEMBER VALUE EVERY DAY. VISION - TO BE THE AUTHORATIVE RESOURCE FOR MATERIAL HANDLING INDUSTRY 12 12 44 12 1109657 308867 794732 0 21433445 31131190 873790 1773576 1559140 1976784 24661107 34881550 140877 136341 0 0 6170754 7556896 0 0 0 12994858 16824158 19306489 24517395 5354618 10364155 56063459 69148655 27544259 27769795 28519200 41378860 TO DELIVER MEMBER VALUE EVERY DAY. VISION - TO BE THE AUTHORATIVE RESOURCE FOR MATERIAL HANDLING INDUSTRY 0 0 PROMAT 2023 BROUGHT THE MANUFACTURING AND SUPPLY CHAIN INDUSTRY TOGETHER ON MARCH 20-23 AT CHICAGO'S MCCORMICK PLACE, WITH 50,924 VISITORS CONNECTING WITH 1,051 EXHIBITS ACROSS 562,700 SQUARE FEET FOR LEARNING, ENGAGING AND DISCOVERING EQUIPMENT AND TECHNOLOGY INNOVATIONS TO BUILD SUPPLY CHAIN EFFICIENCY AND RESILIENCE. PROMAT 2023 INCLUDED OVER 150 EDUCATIONAL SEMINARS AND FOUR KEYNOTES, THE MHI INDUSTRY NIGHT ENTERTAINMENT EVENT, AND INNOVATION AWARDS FOR BEST NEW PRODUCT, BEST NEW AND EXISTING IT INNOVATIONS. PROMAT 2023 STUDENT DAY ON MARCH 22 WELCOMED HUNDREDS OF HIGH SCHOOL AND UNIVERSITY STUDENTS AS WELL AS 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 WERC 2023 ANNUAL CONFERENCE, IS A PREMIER EVENT FOR PROFESSIONALS IN THE WAREHOUSING, DISTRIBUTION, AND LOGISTICS SECTORS. THE CONFERENCE OFFERS A BLEND OF EDUCATIONAL SESSIONS, INDUSTRY-SPECIFIC MEETINGS, AND NETWORKING OPPORTUNITIES AIMED AT TACKLING CURRENT SUPPLY CHAIN CHALLENGES. ATTENDEES HAVE THE CHANCE TO EXPLORE KEY TOPICS SUCH AS OPERATIONAL EFFICIENCY, EMERGING TECHNOLOGY, AND WORKFORCE STRATEGIES, WHILE ALSO PARTICIPATING IN FACILITY TOURS AND HANDS-ON WORKSHOPS. THIS YEAR'S EVENT WAS DESIGNED TO PROVIDE ACTIONABLE INSIGHTS FOR LEADERS ACROSS ALL CAREER STAGES, HELPING THEM IMPLEMENT BEST PRACTICES WITHIN THEIR ORGANIZATIONS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 48 0 1 44 1 1 1 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NC X GRAY MURRAY 7046761190 8720 RED OAK BLVD CHARLOTTE NC 282173992 JOHN PAXTON CEO 40.00 0.00 X 546989 0 68926 DANIEL MCKINNON EVP OF EXHIBITIONS 40.00 0.00 X 378324 0 60140 GREG BAER VP SALES 40.00 0.00 X 349980 0 15649 CHRISTIAN DOW EVP OF MEMBERSHIP 40.00 0.00 X 299995 0 52765 CHRISTY DULA CHIEF DIGITAL OFFICER 40.00 0.00 X 305147 0 43962 CAROL MILLER CHIEF MARKETING OFFICER 40.00 0.00 X 266842 0 58779 MICHAEL LAURENT VP FINANCE 40.00 0.00 X 203199 0 46863 KEVIN O'NEILL CHAIRMAN 2.00 0.00 X X 0 0 0 BRYAN JENSEN PRESIDENT 3.00 0.00 X X 0 0 0 BRIAN REH VICE PRESIDENT 2.00 0.00 X X 0 0 0 CHRIS BECKER DIRECTOR 2.00 0.00 X 0 0 0 ANNETTE DANEK-AKEY DIRECTOR 2.00 0.00 X 0 0 0 STEVE DIEBOLD DIRECTOR 2.00 0.00 X 0 0 0 RICK FOX DIRECTOR 2.00 0.00 X 0 0 0 JASON MINGHINI DIRECTOR 2.00 0.00 X 0 0 0 EDDIE MURPHY DIRECTOR 2.00 0.00 X 0 0 0 BRIAN C NEUWIRTH DIRECTOR 2.00 0.00 X 0 0 0 KAREN NORHEIM DIRECTOR 2.00 0.00 X 0 0 0 BRETT WOOD DIRECTOR 2.00 0.00 X 0 0 0 2350476 0 347084 16 0 1 0 SME ENTERTAINMENT GROUP 11777 SAN VICENTE BLVD 660 LOS ANGELES CA 90049 SPEAKER'S BUREAU 546005 PRESTIGE ECONOMICS 7101 FIG VINE COVE STE 101 AUSTIN TX 78750 FINANCIAL MARKET RESEARCH 277053 DEL SOLE CAVANAUGH STROYD LLC THREE PPG PLACE STE 600 PITTSBURGH PA 15222 LEGAL SERVICES 210419 ON SERVICES LLC 633 W 2ND AVE MESA AZ 85210 AV SUPPORT 184848 SARA SPECTOR MARKETING PO BOX 1059 NEWBERG OR 97132 MARKETING SERVICES 130700 7 TRADE SHOW 900099 25602169 24913569 688600 MEMBERSHIP DUES 900099 3550185 3550185 INDUSTRY MEETINGS 900099 1379374 1379374 INDUSTRY GROUPS 900099 576812 576812 CAREER EDUCATION PROGRAM 900099 22650 22650 31131190 1288838 1288838 1485641 1304665 180976 180976 42068 138908 117450003 116964691 574 485312 -574 484738 484738 WERC 900099 1217335 1162964 54371 ADVERTISING 541800 324618 324618 MANAGEMENT FEES 561000 65000 65000 188855 186413 2442 1795808 34881550 31856967 1109657 1914926 136341 865977 5067297 578853 666094 378675 119193 49036 146253 379501 841535 47987 80985 2773217 9859 699269 28062 TRADE SHOW EXPENSES 8305730 COMMITTEE OPERATIONS 2638714 INDUSTRY GROUP EXPENSE 538454 UBI TAX 47590 118773 24517395 6054867 7952589 4861648 241934 482769 0 224551 186469 5862 7473 1365341 1452230 19944759 6164949 14487133 13779810 28205221 45175394 185107 149223 190960 203533 56063459 69148655 1653613 1736130 22352271 22642763 3399813 3250671 138562 140231 27544259 27769795 X 28519200 41378860 28519200 41378860 56063459 69148655 10364155 2495505 0 X 0 1 X 1 0 0 1 0 2268905 2268905 14278587 3948767 10329820 2264692 2216182 48510 1132575 1132575 13779810 PREPAID RENT 54848 TENANT SECURITY DEPOSITS 85383 140231 X PART X, LINE 2: MATERIAL HANDLING INDUSTRY AND ITS SUBSIDIARY AND AFFILIATES ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO ITS TAX-EXEMPT PURPOSE UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC) AND APPLICABLE STATE STATUTES. MHI IS LIABLE FOR FEDERAL AND STATE TAXES ON ANY UNRELATED BUSINESS INCOME, AS DEFINED IN THE IRC. MHI FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MHI'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO MHI, 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, 2023 AND 2022 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. 1 MATERIAL HANDLING EDUCATION FOUNDATION INC 8720 RED OAK BLVD CHARLOTTE NC 28217 251303313 501(C)(3) 51600 0 SCHOLARSHIP PROGRAM QUEEN CITY ROBOTICS ALLIANCE 2102 CAMBRIDGE BELTWAY DRIVE SUITE B CHARLOTTE NC 28273 461843966 501(C)(3) 5900 0 COMPETITION SPONSORSHIP 2 PART I, LINE 2: THE BOARD OVERSEES ALL GRANTS TO ENSURE FUNDS ARE USED APPROPRIATELY. X 1 1 X X X X X X 1 1 0 JOHN PAXTON CEO 425250 0 110939 0 10800 0 39041 0 29885 0 615915 0 0 0 DANIEL MCKINNON EVP OF EXHIBITIONS 267639 0 100335 0 10350 0 32171 0 27969 0 438464 0 0 0 GREG BAER VP SALES 108334 0 241646 0 0 0 15649 0 0 0 365629 0 0 0 CHRISTIAN DOW EVP OF MEMBERSHIP 257345 0 31850 0 10800 0 31328 0 21437 0 352760 0 0 0 CHRISTY DULA CHIEF DIGITAL OFFICER 243857 0 50490 0 10800 0 29815 0 14147 0 349109 0 0 0 CAROL MILLER CHIEF MARKETING OFFICER 211396 0 44646 0 10800 0 36342 0 22437 0 325621 0 0 0 MICHAEL LAURENT VP FINANCE 178923 0 24276 0 0 0 35367 0 11496 0 250062 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: PER THEIR CONTRACTS, OFFICERS ARE REQUESTED TO HAVE THEIR COMPANIONS ACCOMPANY THEM TO C-LEVEL EVENTS FOR BONA FIDE BUSINESS PURPOSES. THE ONLY PERSON WHO RECEIVED THIS NONTAXABLE BENEFIT WAS JOHN PAXTON. PART I, LINES 4A-B IN 2021, A 457(F) PLAN WAS ESTABLISHED FOR JOHN PAXTON, CEO. ANNUALLY, THE HR COMMITTEE WILL APPROVE AN AMOUNT TO BE CREDITED TO THE PLAN. THE AMOUNT FOR 2023 WAS $62,013. HE WILL BECOME VESTED IN THE PLAN AT THE EARLIEST OF THE FOLLOWING DATES: DEATH, ATTAINMENT OF LONG-TERM DISABILITY, VOLUNTARY TERMINATION AFTER COMPLETION OF AT LEAST 3 YEARS OF TOTAL EMPLOYMENT SERVICE AND REACHING AGE OF 62, OR INVOLUNTARY TERMINATION OF SERVICE BY MHO, FOR A REASON OTHER THAN CAUSE. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS CAN RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS OR EXCESS DUES OR A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE CEO AND VP OF FINANCE REVIEW THE RETURN. THE BOARD IS PROVIDED A FULL COPY AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY GOVERNOR OR OFFICER AS TO WHOM A MATTER COMING BEFORE THE BOARD OF GOVERNORS OR A COMMITTEE ON WHICH SUCH THE GOVERNOR OR OFFICER SITS, WHICH MAY CONSITITUTE A CONFLICT OF INTEREST SHALL SO INDICATE AT OR PRIOR TO THE TIME SUCH MATTER IS BEING CONSIDERED TO THE BOARD OF GOVERNORS OR EXECUTIVE DIRECTOR. THE BOARD MEMBER IS EXCUSED FROM THE DISCUSSION AND VOTING ON THAT PARTICULAR MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF GOVERNORS ESTABLISHED A HUMAN RESOURCE COMMITTEE THAT HAS THE RESPONSIBILITY FOR ALL EMPLOYEE COMPENSATION, BENEFITS AND RELATED EMPLOYEE MATTERS. THE COMMITTEE SHALL CONSIST OF THE CHAIRPERSON, PRESIDENT, VICE PRESIDENT AND TWO OTHER BOARD OF GOVERNORS. THE CHIEF EXECUTIVE OFFICER SHALL SERVE AS AN ADVISOR TO THE COMMITTEE. EVERY 5 YEARS OR LESS THE BOARD OF GOVERNORS AUTHORIZES THE HUMAN RESOURCE COMMITTEE TO ENGAGE AN INDEPENDENT HUMAN RESOURCE CONSULTING FIRM TO PROVIDE A COMPREHENSIVE COMPENSATION AND BENEFIT STUDY WITH THE OBJECTIVE TO RECOMMEND FAIR AND COMPETITIVE COMPENSATION RANGES FOR ALL POSITIONS AND BENEFITS THAT ALIGN WITH THE STRATEGIC MISSION AND VISON. ANNUALLY, THE CEO'S SALARY IS DETERMINED AND APPROVED BY THE HUMAN RESOURCE COMMITTEE AND IS DOCUMENTED IN THE HUMAN RESOURCE COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND BYLAWS ARE AVAILABLE ON THE WEBSITE OR BY REQUEST. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST.