Civic Intelligence

Material Handling Educational Foundation Inc.

990 • Fiscal year 2019 • EIN 25-1303313

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 19, 2020

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

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

21st percentile

0.01x

Higher debt load relative to revenue than 21% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

13th percentile

-22%

Faster revenue growth than 13% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,062,113

Up $101,315 (+11%) from 2018

Net Assets

Up

$1,060,526

Up $121,945 (+13%) from 2018

Liabilities

Down

$1,587

Down $20,630 (-93%) from 2018

Revenue

Down

$224,154

Down $64,277 (-22%) from 2018

Expenses

Down

$157,345

Down $35,961 (-19%) from 2018

Net Income

Down

$66,809

Down $28,316 (-30%) from 2018

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

2019

Assets$1,062,113
Liabilities$1,587
Net Assets$1,060,526

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

2019

Revenue$224,154
Expenses$157,345
Net Income$66,809
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 19, 2020
Return Version
2019v5.1
Gross Receipts
$918,347
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$884,270$1,002,411▲ $118,141
Savings and Temporary Cash Investments$41,754$37,118▼ $4,636
Cash and Non-Interest-Bearing Accounts$9,084$16,034▲ $6,950
Pledges and Grants Receivable$25,690$6,550▼ $19,140
Total Assets$960,798$1,062,113▲ $101,315
Liabilities
Accounts Payable and Accrued Expenses$22,217$1,587▼ $20,630
Total Liabilities$22,217$1,587▼ $20,630
Net Assets / Fund Balance
Net Assets With Donor Restrictions$880,593$953,466▲ $72,873
Net Assets Without Donor Restrictions$57,988$107,060▲ $49,072
Total Net Assets Fund Balance$938,581$1,060,526▲ $121,945
Total Liabilities and Net Assets / Fund Balance$960,798$1,062,113▲ $101,315

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$624,284$2,250▲ $107,732-$729,516
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
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
Eric SobanskiDirector
George PrestDirector
KEVIN O'NEILLDirector
Keith ShipmanDirector
Mary Lou BoscoDirector
Matthew DysardDirector
Michael MikitkaDirector
Rick FoxDirector
Ryan BartlettDirector
Donna VarnerExecutive Director
Al WurzLifetime Director
Arthur St OngeLifetime Director
Dr James TompkinsLifetime Director
James K AllredLifetime Director
John HillLifetime Director
William PowellLifetime Director
William SbordonLifetime Director
Bill FerrellCicmhe Liaison
Michael J LaurentTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$116,014
Program Service Revenue
$0
Investment Income
$108,140
Other Revenue
$0
All Other Contributions
$116,014
Change in Net Assets
$66,809

Audited Revenue Reconciliation

Revenue per Audited Statements
$219,523
Revenue Not Reported on Financial Statements
$4,631
Revenue Not Reported on Form 990
$75,136
Total Revenue per Audited Statements
$294,659
Total Revenue per Form 990
$224,154
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$107,785
Other Expenses$49,560
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$107,785--$107,785
Fees for Services Accounting-$7,800-$7,800
Conferences and Meetings-$6,616-$6,616
Information Technology$5,450--$5,450
Fees for Service Investment Mgmnt Fees-$4,631-$4,631
Office Expenses$1,909$1,376-$3,285
Other Expenses-$3,210-$3,210
Insurance-$1,050-$1,050
Advertising$518--$518
Total Functional Expenses$115,662$41,683$0$157,345

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$172,714
Total Expenses per Form 990$157,345
Expenses per Audited Statements$152,714
Expenses Not Reported on Form 990$20,000
Expenses Not Reported on Financial Statements$4,631
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 35% controlled entity
No
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
2020-08-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Laurent
Formed
1976
Legal Domicile
Pa
Voting Board Members
26
Independent Board Members
26
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, 2019 and, accordingly, no liability has been accrued.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5CICMHE LIAISON
IRS990/Form990PartVIISectionAGrp/TitleTxt6LIFETIME DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12LIFETIME DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15LIFETIME DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17LIFETIME DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21LIFETIME DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23LIFETIME DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25LIFETIME DIRECTOR
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