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Nonprofiteer
← MATERIAL HANDLING INDUSTRY

Form 990 for tax year 2022

Filed by MATERIAL HANDLING INDUSTRY.

Totals

Total revenue
$24,661,107
Total expenses
$19,306,489
Contributions and grants received
$794,732
Grants paid
$140,877
Program service revenue
$21,433,445
Investment income
$873,790
Other revenue
$1,559,140
Total assets, end of year
$56,063,459
Total liabilities, end of year
$27,544,259
Net assets or fund balances, end of year
$28,519,200
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1e · Government grants (contributions)

    $794,732

  • 2a · Program service revenue: TRADE SHOW

    total $16,719,447 · related or exempt $16,026,847 · unrelated business $692,600

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $3,115,108 · related or exempt $3,115,108

  • 2c · Program service revenue: INDUSTRY MEETINGS

    total $1,107,810 · related or exempt $1,107,810

  • 2d · Program service revenue: INDUSTRY GROUPS

    total $463,805 · related or exempt $463,805

  • 2e · Program service revenue: CAREER EDUCATION PROGRAM

    total $27,275 · related or exempt $27,275

  • 3 · Investment income

    total $929,325 · excluded $929,325

  • 6a · Gross rents

    real property $1,325,060

  • 6b · Less rental expenses

    real property $1,442,803

  • 6c · Rental income or loss

    real property -$117,743

  • 6d · Net rental income or loss

    total -$117,743 · unrelated business -$29,137 · excluded -$88,606

  • 7a · Gross sales of assets other than inventory

    securities $8,929,069

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

    securities $8,984,604

  • 7c · Gain or loss

    securities -$55,535

  • 7d · Net gain or loss

    total -$55,535 · excluded -$55,535

  • 11a · Other revenue: WERC

    total $1,185,833 · related or exempt $1,132,235 · unrelated business $53,598

  • 11b · Other revenue: ADVERTISING

    total $336,758 · unrelated business $336,758

  • 11c · Other revenue: MANAGEMENT FEES

    total $50,000 · related or exempt $50,000

  • 11d · All other revenue

    total $104,292 · related or exempt $104,292

  • 11e · Other revenue, total

    $1,676,883

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $140,877

  • 5 · Compensation of officers, directors and key employees

    total $729,053

  • 7 · Other salaries and wages

    total $4,263,791

  • 8 · Pension plan contributions

    total $390,422

  • 9 · Other employee benefits

    total $474,226

  • 10 · Payroll taxes

    total $313,262

  • 11b · Fees: legal

    total $74,734

  • 11c · Fees: accounting

    total $42,183

  • 11f · Fees: investment management

    total $119,585

  • 13 · Office expenses

    total $372,384

  • 14 · Information technology

    total $693,098

  • 16 · Occupancy

    total $105,564

  • 17 · Travel

    total $52,739

  • 19 · Conferences, conventions and meetings

    total $2,189,891

  • 20 · Interest

    total $11,743

  • 22 · Depreciation, depletion and amortization

    total $372,971

  • 23 · Insurance

    total $27,464

  • 24a · Other expenses: TRADE SHOW EXPENSES

    total $5,873,558

  • 24b · Other expenses: COMMITTEE OPERATIONS

    total $2,389,148

  • 24c · Other expenses: INDUSTRY GROUP EXPENSE

    total $443,056

  • 24d · Other expenses: UBI TAX

    total $133,457

  • 24e · All other expenses

    total $93,283

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,516,305 · end of year $6,054,867

  • 2 · Savings and temporary cash investments

    beginning of year $658,562 · end of year $4,861,648

  • 3 · Pledges and grants receivable

    beginning of year $727,982 · end of year $482,769

  • 4 · Accounts receivable

    beginning of year $63,519 · end of year $224,551

  • 8 · Inventories for sale or use

    beginning of year $6,686 · end of year $5,862

  • 9 · Prepaid expenses and deferred charges

    beginning of year $884,634 · end of year $1,365,341

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

    $19,731,646

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

    $5,244,513

  • 10c · Land, buildings and equipment, net

    beginning of year $14,728,805 · end of year $14,487,133

  • 11 · Investments: publicly traded securities

    beginning of year $26,737,978 · end of year $28,205,221

  • 14 · Intangible assets

    beginning of year $169,263 · end of year $185,107

  • 15 · Other assets

    beginning of year $189,892 · end of year $190,960

  • 17 · Accounts payable and accrued expenses

    beginning of year $911,851 · end of year $1,653,613

  • 19 · Deferred revenue

    beginning of year $15,676,224 · end of year $22,352,271

  • 23 · Secured mortgages and notes payable

    beginning of year $3,545,682 · end of year $3,399,813

  • 25 · Other liabilities

    beginning of year $119,920 · end of year $138,562

  • 27 · Net assets without donor restrictions

    beginning of year $27,429,949 · end of year $28,519,200

Mission and programs · 2022

Mission

TO DELIVER MEMBER VALUE EVERY DAY. VISION - TO BE THE AUTHORATIVE RESOURCE FOR MATERIAL HANDLING INDUSTRY

  • MODEX 2022 BROUGHT THE MANUFACTURING AND SUPPLY CHAIN INDUSTRY TOGETHER ON APRIL 4 -7 IN THE GEORGIA WORLD CONGRESS COVENTION CENTER, WITH 37,000 VISITORS CONNECTED OVER 857 EXHIBITS ACROSS 405,000 SQUARE FEET FOR LEARNING, ENGAGING AND DISCOVERING EQUIPMENT AND TECHNOLOGY INNOVATIONS TO BUILD SUPPLY CHAIN RESILIENCE AMID DISRUPTION. MODEX 2022 INCLUDED 172 EDUCATIONAL SEMINARS AND FOUR KEYNOTES, INDUSTRY NIGHT ENTERTAINMENT EVENT, AND INNOVATION AWARDS FOR BEST NEW PRODUCT, BEST NEW AND EXISTING IT INNOVATIONS. MODEX 2022 WELCOMED 305 HIGH SCHOOL, UNIVERSITY STUDENTS AND 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 MHI LEADERSHIP PROGRAM CONDUCTED TWO COHORT SESSIONS IN 2022. THROUGH THE PROGRAM, NEW AND EMERGING LEADERS WILL ENGAGE WITH PEERS AND EXECUTIVES IN WORKSHOPS, TEAM SIMULATIONS AND MENTORING OPPORTUNITIES TO HELP IMPROVE THEIR LEADERSHIP SKILLS.

As filed on the 2022 return.

Listed in Part VII

  • Brett Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kevin O'Neill

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3
  • Bryan Jensen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Chris Becker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Steve Diebold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Eddie Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Brian Reh

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Rick Fox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Annette Danek-Akey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Karen Norheim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Brian C Neuwirth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jason Minghini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Arthur Stroyd Jr

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    12
  • John Paxton

    CEO

    Total calculated
    $525,630
    From this org
    $463,112
    From related orgs
    $0
    Other
    $62,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $381,062
    Bonus
    $71,250
    Other
    $10,800
    Deferred
    $33,850
    Nontaxable benefits
    $28,668
    Filer's total
    $525,630
  • Michael Laurent

    VP FINANCE

    Total calculated
    $203,423
    From this org
    $174,370
    From related orgs
    $0
    Other
    $29,053
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,540
    Bonus
    $14,830
    Other
    $0
    Deferred
    $18,102
    Nontaxable benefits
    $10,951
    Filer's total
    $203,423
  • Michael Mikitka

    EVP OF WERC

    Total calculated
    $319,899
    From this org
    $265,416
    From related orgs
    $0
    Other
    $54,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,811
    Bonus
    $36,805
    Other
    $10,800
    Deferred
    $25,687
    Nontaxable benefits
    $28,796
    Filer's total
    $319,899
  • Christian Dow

    EVP OF MEMBERSHIP

    Total calculated
    $309,417
    From this org
    $262,876
    From related orgs
    $0
    Other
    $46,541
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,788
    Bonus
    $20,288
    Other
    $10,800
    Deferred
    $26,871
    Nontaxable benefits
    $19,670
    Filer's total
    $309,417
  • Carol Miller

    CHIEF MARKETING OFFICER

    Total calculated
    $281,401
    From this org
    $231,716
    From related orgs
    $0
    Other
    $49,685
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,354
    Bonus
    $34,562
    Other
    $10,800
    Deferred
    $22,127
    Nontaxable benefits
    $27,558
    Filer's total
    $281,401
  • Christy Dula

    CHIEF DIGITAL OFFICER

    Total calculated
    $307,558
    From this org
    $262,777
    From related orgs
    $0
    Other
    $44,781
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,447
    Bonus
    $37,530
    Other
    $10,800
    Deferred
    $24,984
    Nontaxable benefits
    $19,797
    Filer's total
    $307,558
  • Daniel McKinnon

    EVP OF EXHIBITIONS

    Total calculated
    $339,215
    From this org
    $311,581
    From related orgs
    $0
    Other
    $27,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,648
    Bonus
    $47,133
    Other
    $10,800
    Deferred
    $27,634
    Nontaxable benefits
    $0
    Filer's total
    $339,215

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

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, 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 2022 WAS $33,550. 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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202333139349303313

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