Civic Intelligence

Material Handling Educational Foundation Inc.

990 • Fiscal year 2018 • EIN 25-1303313

Jan 01, 2018 to Dec 31, 2018 • Filed on May 13, 2019

8720 Red Oak Blvd No 201Charlotte, NC 28217

(704) 676-1190

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

47th percentile

0.02x

Higher debt load relative to assets than 47% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

63rd percentile

0.08x

Higher debt load relative to revenue than 63% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

86th percentile

33%

Higher net margin than 86% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

34th percentile

-2.9%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

24th percentile

-10%

Faster revenue growth than 24% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$960,798

Down $29,181 (-2.9%) from 2017

Net Assets

Down

$938,581

Down $21,387 (-2.2%) from 2017

Liabilities

Down

$22,217

Down $7,794 (-26%) from 2017

Revenue

Down

$288,431

Down $32,522 (-10%) from 2017

Expenses

Down

$193,306

Down $18,846 (-8.9%) from 2017

Net Income

Down

$95,125

Down $13,676 (-13%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2012: $723,218Liabilities 2012: $3,231Net Assets 2012: $719,9872012Assets 2013: $789,530Liabilities 2013: $8,694Net Assets 2013: $780,8362013Assets 2014: $739,120Liabilities 2014: $1,185Net Assets 2014: $737,9352014Assets 2015: $771,882Liabilities 2015: $5,336Net Assets 2015: $766,5462015Assets 2016: $834,237Liabilities 2016: $19,227Net Assets 2016: $815,0102016Assets 2017: $989,979Liabilities 2017: $30,011Net Assets 2017: $959,9682017Assets 2018: $960,798Liabilities 2018: $22,217Net Assets 2018: $938,5812018Assets 2019: $1,062,113Liabilities 2019: $1,587Net Assets 2019: $1,060,5262019Assets 2020: $1,226,485Liabilities 2020: $0Net Assets 2020: $1,226,4852020Assets 2021: $1,356,131Liabilities 2021: $13,750Net Assets 2021: $1,342,3812021Assets 2022: $1,162,046Liabilities 2022: $0Net Assets 2022: $1,162,0462022Assets 2023: $1,759,655Liabilities 2023: $31Net Assets 2023: $1,759,6242023Assets 2024: $2,314,232Liabilities 2024: $2,952Net Assets 2024: $2,311,2802024

Highlighted filing

2018

Assets$960,798
Liabilities$22,217
Net Assets$938,581

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2012: $147,3892012Revenue 2013: $217,045Expenses 2013: $178,903Net Income 2013: $38,1422013Revenue 2014: $265,196Expenses 2014: $248,739Net Income 2014: $16,4572014Revenue 2015: $276,558Expenses 2015: $182,807Net Income 2015: $93,7512015Revenue 2016: $203,601Expenses 2016: $189,563Net Income 2016: $14,0382016Revenue 2017: $320,953Expenses 2017: $212,152Net Income 2017: $108,8012017Revenue 2018: $288,431Expenses 2018: $193,306Net Income 2018: $95,1252018Revenue 2019: $224,154Expenses 2019: $157,345Net Income 2019: $66,8092019Revenue 2020: $206,397Expenses 2020: $149,487Net Income 2020: $56,9102020Revenue 2021: $261,279Expenses 2021: $178,473Net Income 2021: $82,8062021Revenue 2022: $205,901Expenses 2022: $210,985Net Income 2022: -$5,0842022Revenue 2023: $721,989Expenses 2023: $256,993Net Income 2023: $464,9962023Revenue 2024: $726,594Expenses 2024: $297,346Net Income 2024: $429,2482024

Highlighted filing

2018

Revenue$288,431
Expenses$193,306
Net Income$95,125
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 13, 2019
Return Version
2018v3.1
Gross Receipts
$527,017
Mission and Program Overview

Mission

To attract students to the material handling, logistics, and supply chain industry by providing financial support.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$934,070$884,270▼ $49,800
Savings and Temporary Cash Investments$17,335$41,754▲ $24,419
Pledges and Grants Receivable-$25,690-
Cash and Non-Interest-Bearing Accounts$37,824$9,084▼ $28,740
Prepaid Expenses and Deferred Charges$750--
Land, Buildings, and Equipment, Net$0--
Total Assets$989,979$960,798▼ $29,181
Liabilities
Accounts Payable and Accrued Expenses$30,011$22,217▼ $7,794
Total Liabilities$30,011$22,217▼ $7,794
Net Assets / Fund Balance
Temporarily Rstr Net Assets$549,030$508,165▼ $40,865
Permanently Rstr Net Assets$324,928$372,428▲ $47,500
Unrestricted Net Assets$86,010$57,988▼ $28,022
Total Net Assets Fund Balance$959,968$938,581▼ $21,387
Total Liabilities and Net Assets / Fund Balance$989,979$960,798▼ $29,181

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$626,003$47,500▼ $39,569-$624,284
2017$523,975$37,600▲ $65,928-$626,003
2016$452,387$69,100▲ $18,733-$523,975
2015$405,427$65,800▼ $15,653-$452,387
2014$415,686-▲ $12,741-$405,427
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gregg MeyerLast Retiring President
Sal FateenPresident
Brian NeuwirthVice President
Arthur H Stroyd JrDirector
Bob TrebilcockDirector
Christian DowDirector
Clark SkeenDirector
Doug ReedDirector
Eric SobanskiDirector
George PrestDirector
KEVIN O'NEILLDirector
Keith ShipmanDirector
Liz RichardsDirector
Mary Lou BoscoDirector
Michael MikitkaDirector
Rick FoxDirector
Tom RogersDirector
Bill FerrellDirector, Cicmhe Liaison
Donna VarnerExecutive Director
Michael J LaurentTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$225,134
Program Service Revenue
$0
Investment Income
$63,297
Other Revenue
$0
All Other Contributions
$225,134
Change in Net Assets
$95,125

Audited Revenue Reconciliation

Revenue per Audited Statements
$281,266
Revenue Not Reported on Financial Statements
$7,165
Revenue Not Reported on Form 990
$-96,512
Total Revenue per Audited Statements
$184,754
Total Revenue per Form 990
$288,431
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$143,156
Other Expenses$50,150
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$133,356--$133,356
Office Expenses$11,272$10,031-$21,303
Grants to Domestic Orgs$9,800--$9,800
Conferences and Meetings-$8,780-$8,780
Fees for Service Investment Mgmnt Fees-$7,165-$7,165
Fees for Services Accounting-$6,780-$6,780
Information Technology$5,072--$5,072
Insurance-$1,050-$1,050
Total Functional Expenses$159,500$33,806$0$193,306

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$206,141
Total Expenses per Form 990$193,306
Expenses per Audited Statements$186,141
Expenses Not Reported on Form 990$20,000
Expenses Not Reported on Financial Statements$7,165
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Material Handling IndustryCharlotte, NC501(c)(6)Career & Technical Education Program$9,800
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

An electronic copy of the 990 will be emailed to the members of the board prior to filing.

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.

Filing and Contact Details

Filer

Filer Name
Material Handling Educational
EIN
25-1303313
Phone
7046761190
Address
8720 RED OAK BLVD NO 201, CHARLOTTE, NC 28217

Signing Officer

Name
Mike Laurent
Title
Treasurer
Phone
7046761190
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Laurent
Formed
1976
Legal Domicile
Pa
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
0

Preparer

Firm
Cherry Bekaert Llp
Address
1111 METROPOLITAN AVE STE 900, CHARLOTTE, NC 28204
Preparer
Amanda Adams
Phone
7043771678
Supplemental Narrative

Financial Statement Notes

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 dicipline of automatic data collection; (3) grants to individuals and educators that are pursuing careers or require training in career and technical education.

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 (the "code") and applicable state statutes. The foundation is liable for federal and state taxes on any unrelated business income, as defined in the code. 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, 2018 and, accordingly, no liability has been accrued.

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IRS990/ActivityOrMissionDesc0THE 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.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3LAST RETIRING PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR, CICMHE LIAISON
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01976
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt029070
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantAmt0131000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0133356
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0133356
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt09800
IRS990/GrantsToDomesticOrgsGrp/TotalAmt09800
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0267656
IRS990/GrossReceiptsAmt0527017
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt05072
IRS990/InformationTechnologyGrp/TotalAmt05072
IRS990/InsuranceGrp/ManagementAndGeneralAmt01050
IRS990/InsuranceGrp/TotalAmt01050
IRS990/InvestmentIncomeGrp/ExclusionAmt034227
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt034227
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0934070
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0884270
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0238586
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ATTRACT STUDENTS TO THE MATERIAL HANDLING, LOGISTICS, AND SUPPLY CHAIN INDUSTRY BY PROVIDING FINANCIAL SUPPORT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0959968
IRS990/NetAssetsOrFundBalancesEOYAmt0938581
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt029070
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt029070
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-116512
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010031
IRS990/OfficeExpensesGrp/ProgramServicesAmt011272
IRS990/OfficeExpensesGrp/TotalAmt021303
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0324928
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0372428
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt025690
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0750
IRS990/PrincipalOfficerNm0MIKE LAURENT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE AIM AND AIDC 100 EDUCATIONAL DEVELOPMENT PROGRAM - THE PROGRAM IS DESIGNED TO PROVIDE ASSISTANCE FOR RESEARCH, TEACHING, TRAVEL AND OTHER RELATED ACTIVITIES THAT ARE SPECIFICALLY FOCUSED UPON DATA COLLECTION, TECHNOLOGY AND SYSTEMS.
IRS990/ProgSrvcAccomActy3Grp/Desc0CAREER 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 MATERIALS AND EQUIPMENT AND WORKSHOPS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt011847
IRS990/ProgSrvcAccomActy3Grp/GrantAmt09800
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TRAVEL CONFERENCE GRANTS. THE PROGRAM IS DESIGNED TO PROVIDE ASSISTANCE TO QUALIFYING STUDENTS & FACULTY TO ATTEND CONTINUING EDUCATION IN MATERIAL HANDLING.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt02356
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt02356
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0245944
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0151207
IRS990/PYInvestmentIncomeAmt075009
IRS990/PYOtherExpensesAmt060945
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0108801
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0212152
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0320953
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt095125
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017335
IRS990/SavingsAndTempCashInvstGrp/EOYAmt041754
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0225134
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0245944
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0199079
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0231365
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0175565
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01077087
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt034227
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt045961
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt018783
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt032738
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt039701
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0171410
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt031
IRS990ScheduleA/OtherIncome170Grp/TotalAmt031
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.64710
IRS990ScheduleA/PublicSupportPY170Pct00.65740
IRS990ScheduleA/PublicSupportTotal170Amt0807894
IRS990ScheduleA/SubstantialContributorsTotAmt0269193
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0225134
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0245944
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0199079
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0231365
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0175565
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01077087
IRS990ScheduleA/TotalSupportAmt01248528
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0626003
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt047500
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0624284
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt09650
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-39569
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0523975
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt037600
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0626003
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt065928
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0452387
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt069100
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0523975
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt016245
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018733
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0405427
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt065800
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0452387
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt03187
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-15653
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0415686
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0405427
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt023000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012741
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt020000
IRS990ScheduleD/DonatedServicesUseFcltsAmt020000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt020000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt07165
IRS990ScheduleD/ExpensesSubtotalAmt0186141
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt07165
IRS990ScheduleD/InvestmentExpensesNotIncldAmt07165
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-116512
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.59660
IRS990ScheduleD/RevenueNotReportedAmt0-96512
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt07165
IRS990ScheduleD/RevenueSubtotalAmt0281266
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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 DICIPLINE OF AUTOMATIC DATA COLLECTION; (3) GRANTS TO INDIVIDUALS AND EDUCATORS THAT ARE PURSUING CAREERS OR REQUIRE TRAINING IN CAREER AND TECHNICAL EDUCATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 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 (THE "CODE") AND APPLICABLE STATE STATUTES. THE FOUNDATION IS LIABLE FOR FEDERAL AND STATE TAXES ON ANY UNRELATED BUSINESS INCOME, AS DEFINED IN THE CODE. 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, 2018 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.40340
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0193306
IRS990ScheduleD/TotalRevenuePerForm990Amt0288431
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0184754

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