Form 990 for tax year 2023
Filed by MATERIAL HANDLING EDUCATIONAL FOUNDATION INC.
Totals
- Total revenue
- $721,989
- Total expenses
- $256,993
- Contributions and grants received
- $650,366
- Grants paid
- $205,000
- Program service revenue
- $0
- Investment income
- $68,921
- Other revenue
- $2,702
- Total assets, end of year
- $1,759,655
- Total liabilities, end of year
- $31
- Net assets or fund balances, end of year
- $1,759,624
- Program services expenses (Part IX)
- $218,182
- Management and general expenses
- $38,811
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $218,182
Program services were 84.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$650,366
-
3 · Investment income
total $45,231 · excluded $45,231
-
7a · Gross sales of assets other than inventory
securities $1,762,208
-
7b · Less cost or other basis and sales expenses
securities $1,738,518
-
7c · Gain or loss
securities $23,690
-
7d · Net gain or loss
total $23,690 · excluded $23,690
-
11a · Other revenue: REFUND OF PREVIOUS YEAR GRANT EXP
total $2,500 · related or exempt $2,500
-
11b · Other revenue: MISC OTHER REVENUE
total $202 · related or exempt $202
-
11e · Other revenue, total
$2,702
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,000 · program services $5,000
-
2 · Grants to domestic individuals
total $200,000 · program services $200,000
-
11c · Fees: accounting
total $8,873 · management and general $8,873
-
11f · Fees: investment management
total $7,617 · management and general $7,617
-
11g · Fees: other
total $3,027 · management and general $3,027
-
12 · Advertising and promotion
total $7,296 · management and general $7,296
-
13 · Office expenses
total $369 · management and general $369
-
14 · Information technology
total $5,832 · program services $5,832
-
16 · Occupancy
total $2,461 · management and general $2,461
-
17 · Travel
total $26 · management and general $26
-
19 · Conferences, conventions and meetings
total $7,598 · management and general $7,598
-
23 · Insurance
total $950 · management and general $950
-
24a · Other expenses: INDUSTRY AWARDS
total $7,944 · program services $7,350 · management and general $594
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,370 · end of year $21,618
-
2 · Savings and temporary cash investments
beginning of year $36,400 · end of year $20,506
-
3 · Pledges and grants receivable
beginning of year $141 · end of year $134,000
-
11 · Investments: publicly traded securities
beginning of year $1,117,135 · end of year $1,583,531
-
17 · Accounts payable and accrued expenses
end of year $31
-
27 · Net assets without donor restrictions
beginning of year $218,777 · end of year $800,796
-
28 · Net assets with donor restrictions
beginning of year $943,269 · end of year $958,828
Mission and programs · 2023
Mission
PROVIDE FINANCIAL SUPPORT FOR EDUCATIONAL PROGRAMS TO ENGAGE AND RETAIN TALENT FOR THE MATERIAL HANDLING, LOGISTICS AND SUPPLY CHAIN INDUSTRY.
Activities or mission (Part I)
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.
-
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. 56 SCHOLARSHIPS WERE AWARDED IN 2023.
Expenses $200,832 · Grants $195,000
-
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.
Expenses $14,625 · Grants $10,000
-
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.
Expenses $2,725
-
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.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
BRIAN NEUWIRTH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.1
-
RYAN BARTLETT
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.1
-
MIKE LAURENT
TREASURER
- Total calculated
- $0
- Hours/week
- 0.3
-
SAL FATEEN
LAST RETIRING PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.1
-
DONNA VARNER
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 6
-
DAVID PORTER
CICMHE LIAISON
- Total calculated
- $0
- Hours/week
- 0.1
-
JAMES K ALLRED
LIFETIME DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
JAY ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
PATTI BLESSING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
JAMES CABOT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
JOHN HILL
LIFETIME DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
BRYAN JENSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
RAY NIEMEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
ARTHUR ST ONGE
LIFETIME DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
CRYSTAL PARROTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
JOHN PAXTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
WILLIAM POWELL
LIFETIME DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
MITCH SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
ARTHUR H STROYD JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
JOEL THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
SEBASTIAN TITZE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
DR JAMES TOMPKINS
LIFETIME DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
RON WURZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413199349314221
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