Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: TRADE SHOW

  total $29,174,882 · related or exempt $28,384,082 · unrelated business $790,800

• 2b · Program service revenue: MEMBERSHIP DUES

  total $3,852,820 · related or exempt $3,852,820

• 2c · Program service revenue: INDUSTRY MEETINGS

  total $1,260,770 · related or exempt $1,260,770

• 2d · Program service revenue: WERC

  total $1,196,664 · related or exempt $1,128,807 · unrelated business $67,857

• 2e · Program service revenue: INDUSTRY GROUPS

  total $645,973 · related or exempt $645,973

• 2f · All other program service revenue

  total $8,952 · related or exempt $8,952

• 3 · Investment income

  total $447,044 · excluded $447,044

• 6a · Gross rents

  real property $1,435,915

• 6b · Less rental expenses

  real property $1,498,829

• 6c · Rental income or loss

  real property -$62,914

• 6d · Net rental income or loss

  total -$62,914 · unrelated business -$12,694 · excluded -$50,220

• 7a · Gross sales of assets other than inventory

  securities $30,243,172

• 7b · Less cost or other basis and sales expenses

  securities $29,496,120

• 7c · Gain or loss

  securities $747,052

• 7d · Net gain or loss

  total $747,052 · excluded $747,052

• 11a · Other revenue: ADVERTISING

  total $899,214 · related or exempt $451,056 · unrelated business $448,158

• 11b · Other revenue: MANAGEMENT FEES

  total $56,752 · related or exempt $56,752

• 11e · Other revenue, total

  $955,966

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $396,680

• 5 · Compensation of officers, directors and key employees

  total $2,837,217

• 7 · Other salaries and wages

  total $4,911,807

• 8 · Pension plan contributions

  total $490,650

• 9 · Other employee benefits

  total $833,431

• 10 · Payroll taxes

  total $482,317

• 11b · Fees: legal

  total $127,229

• 11c · Fees: accounting

  total $63,971

• 11f · Fees: investment management

  total $192,299

• 13 · Office expenses

  total $411,735

• 14 · Information technology

  total $991,121

• 16 · Occupancy

  total $16,393

• 17 · Travel

  total $49,515

• 19 · Conferences, conventions and meetings

  total $2,878,041

• 20 · Interest

  total $8,958

• 22 · Depreciation, depletion and amortization

  total $276,206

• 23 · Insurance

  total $37,049

• 24a · Other expenses: TRADE SHOW EXPENSES

  total $10,696,871

• 24b · Other expenses: COMMITTEE OPERATIONS

  total $2,389,796

• 24c · Other expenses: WERC EXPENSE

  total $1,276,993

• 24d · Other expenses: INDUSTRY GROUP EXPENSE

  total $513,666

• 24e · All other expenses

  total $217,362

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $11,901,831 · end of year $12,300,609

• 2 · Savings and temporary cash investments

  beginning of year $2,108,139 · end of year $3,514,787

• 4 · Accounts receivable

  beginning of year $170,420 · end of year $199,523

• 8 · Inventories for sale or use

  beginning of year $7,473 · end of year $7,473

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,663,017 · end of year $2,258,932

• 10a · Land, buildings and equipment: cost or other basis

  $19,196,378

• 10b · Land, buildings and equipment: accumulated depreciation

  $6,428,071

• 10c · Land, buildings and equipment, net

  beginning of year $13,622,300 · end of year $12,768,307

• 11 · Investments: publicly traded securities

  beginning of year $55,874,723 · end of year $68,593,813

• 14 · Intangible assets

  beginning of year $132,537 · end of year $894,250

• 15 · Other assets

  beginning of year $170,602 · end of year $126,908

• 17 · Accounts payable and accrued expenses

  beginning of year $1,666,776 · end of year $1,166,949

• 19 · Deferred revenue

  beginning of year $27,349,383 · end of year $26,914,849

• 23 · Secured mortgages and notes payable

  beginning of year $3,098,384 · end of year $3,080,238

• 25 · Other liabilities

  beginning of year $122,681 · end of year $161,404

• 27 · Net assets without donor restrictions

  beginning of year $53,413,818 · end of year $69,341,162

The filer's explanations (Part III)

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, LINE 4B

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 2025 WAS $72,744. 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 MHI, FOR A REASON OTHER THAN CAUSE.