Civic Intelligence

Material Handling Industry

EIN 56-1596147 • 501(c)6 • Charlotte, NC

View Organization Page

Profile

To deliver member value every day. Vision - to be the authorative resource for material handling industry

8720 Red Oak Blvd 201Charlotte, NC 28217

www.mhi.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.38x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)6 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.98x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)6 • $50M-$100M nonprofits • Source year 2024

Net Margin

83rd percentile

23%

Higher net margin than 83% of similar nonprofits.

501(c)6 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

85th percentile

24%

Faster asset growth than 85% of similar nonprofits.

501(c)6 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-5.8%

Faster revenue growth than 14% of similar nonprofits.

501(c)6 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$85,651,042

Up $16,502,387 (+24%) from 2023

Liabilities

Up

$32,237,224

Up $4,467,429 (+16%) from 2023

Net Assets

Up

$53,413,818

Up $12,034,958 (+29%) from 2023

Operations
Liabilities / Revenue84th percentileNet Margin83rd percentile

Revenue

Down

$32,854,382

Down $2,027,168 (-5.8%) from 2023

Expenses

Up

$25,396,055

Up $878,660 (+3.6%) from 2023

Net Income

Down

$7,458,327

Down $2,905,828 (-28%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth85th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2010: $12,640,345Liabilities 2010: $7,431,736Net Assets 2010: $5,208,6092010Assets 2011: $11,468,266Liabilities 2011: $4,725,136Net Assets 2011: $6,743,1302011Assets 2012: $14,749,798Liabilities 2012: $9,131,449Net Assets 2012: $5,618,3492012Assets 2013: $16,479,344Liabilities 2013: $6,540,606Net Assets 2013: $9,938,7382013Assets 2014: $20,796,602Liabilities 2014: $11,452,293Net Assets 2014: $9,344,3092014Assets 2015: $19,843,207Liabilities 2015: $7,666,655Net Assets 2015: $12,176,5522015Assets 2016: $26,432,635Liabilities 2016: $14,212,030Net Assets 2016: $12,220,6052016Assets 2017: $34,679,924Liabilities 2017: $15,060,591Net Assets 2017: $19,619,3332017Assets 2018: $38,238,562Liabilities 2018: $20,270,200Net Assets 2018: $17,968,3622018Assets 2019: $43,692,803Liabilities 2019: $18,178,079Net Assets 2019: $25,514,7242019Assets 2020: $47,906,820Liabilities 2020: $18,653,157Net Assets 2020: $29,253,6632020Assets 2021: $47,683,626Liabilities 2021: $20,253,677Net Assets 2021: $27,429,9492021Assets 2022: $56,063,459Liabilities 2022: $27,544,259Net Assets 2022: $28,519,2002022Assets 2023: $69,148,655Liabilities 2023: $27,769,795Net Assets 2023: $41,378,8602023Assets 2024: $85,651,042Liabilities 2024: $32,237,224Net Assets 2024: $53,413,8182024

Highlighted filing

2024

Assets$85,651,042
Liabilities$32,237,224
Net Assets$53,413,818
Open 2024 Filing

Operations Trend

Revenue Growth14th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MRevenue 2010: $6,199,695Expenses 2010: $8,040,607Net Income 2010: -$1,840,9122010Revenue 2011: $12,283,740Expenses 2011: $10,511,152Net Income 2011: $1,772,5882011Expenses 2012: $9,785,4422012Revenue 2013: $14,847,575Expenses 2013: $10,821,352Net Income 2013: $4,026,2232013Revenue 2014: $10,596,443Expenses 2014: $10,746,138Net Income 2014: -$149,6952014Revenue 2015: $16,701,489Expenses 2015: $13,271,302Net Income 2015: $3,430,1872015Revenue 2016: $12,264,645Expenses 2016: $12,556,602Net Income 2016: -$291,9572016Revenue 2017: $21,492,485Expenses 2017: $14,800,625Net Income 2017: $6,691,8602017Revenue 2018: $15,914,101Expenses 2018: $16,063,049Net Income 2018: -$148,9482018Revenue 2019: $24,508,414Expenses 2019: $18,331,616Net Income 2019: $6,176,7982019Revenue 2020: $19,242,178Expenses 2020: $16,951,847Net Income 2020: $2,290,3312020Revenue 2021: $9,373,813Expenses 2021: $11,488,595Net Income 2021: -$2,114,7822021Revenue 2022: $24,661,107Expenses 2022: $19,306,489Net Income 2022: $5,354,6182022Revenue 2023: $34,881,550Expenses 2023: $24,517,395Net Income 2023: $10,364,1552023Revenue 2024: $32,854,382Expenses 2024: $25,396,055Net Income 2024: $7,458,3272024

Highlighted filing

2024

Revenue$32,854,382
Expenses$25,396,055
Net Income$7,458,327
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$85,651,042
Liabilities
$32,237,224
Net assets
$53,413,818
Revenue
$32,854,382
Expenses
$25,396,055
Net income
$7,458,327
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.7$32.2$53.4$32.9$25.4$7.46
2023Detailed filing. Detailed filing data is available for this year.$69.1$27.8$41.4$34.9$24.5$10.4
2022Detailed filing. Detailed filing data is available for this year.$56.1$27.5$28.5$24.7$19.3$5.35
2021Detailed filing. Detailed filing data is available for this year.$47.7$20.3$27.4$9.37$11.5$2.11
2020Detailed filing. Detailed filing data is available for this year.$47.9$18.7$29.3$19.2$17.0$2.29
2019Detailed filing. Detailed filing data is available for this year.$43.7$18.2$25.5$24.5$18.3$6.18
2018Detailed filing. Detailed filing data is available for this year.$38.2$20.3$18.0$15.9$16.1$0.15
2017Detailed filing. Detailed filing data is available for this year.$34.7$15.1$19.6$21.5$14.8$6.69
2016Detailed filing. Detailed filing data is available for this year.$26.4$14.2$12.2$12.3$12.6$0.29
2015Detailed filing. Detailed filing data is available for this year.$19.8$7.67$12.2$16.7$13.3$3.43
2014Detailed filing. Detailed filing data is available for this year.$20.8$11.5$9.34$10.6$10.7$0.15
2013Detailed filing. Detailed filing data is available for this year.$16.5$6.54$9.94$14.8$10.8$4.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$9.13$5.62$9.79
2011Summary only. Only limited summary data is available for this year.$11.5$4.73$6.74$12.3$10.5$1.77
2010Summary only. Only limited summary data is available for this year.$12.6$7.43$5.21$6.20$8.04$1.84
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 30, 2025
Return Version
2024v5.2
Gross Receipts
$97,411,736
Mission and Program Overview

Mission

To deliver member value every day. Vision - to be the authorative resource for material handling industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$45,175,394$55,874,723▲ $10,699,329
Land, Buildings, and Equipment, Net$13,779,810$13,622,300▼ $157,510
Cash and Non-Interest-Bearing Accounts$7,952,589$11,901,831▲ $3,949,242
Savings and Temporary Cash Investments$241,934$2,108,139▲ $1,866,205
Prepaid Expenses and Deferred Charges$1,452,230$1,663,017▲ $210,787
Accounts Receivable$186,469$170,420▼ $16,049
Intangible Assets$149,223$132,537▼ $16,686
Inventories for Sale or Use$7,473$7,473→ $0
Total Assets$69,148,655$85,651,042▲ $16,502,387
Other Assets Total$203,533$170,602▼ $32,931
Liabilities
Deferred Revenue$22,642,763$27,349,383▲ $4,706,620
Mortgage Notes Payable Secured by Investment Property$3,250,671$3,098,384▼ $152,287
Accounts Payable and Accrued Expenses$1,736,130$1,666,776▼ $69,354
Other Liabilities$140,231$122,681▼ $17,550
Total Liabilities$27,769,795$32,237,224▲ $4,467,429
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$41,378,860$53,413,818▲ $12,034,958
Total Net Assets Fund Balance$41,378,860$53,413,818▲ $12,034,958
Total Liabilities and Net Assets / Fund Balance$69,148,655$85,651,042▲ $16,502,387

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,846,446$4,626,118$14,472,564
Equipment$122,589$2,534,332$2,656,921
Land$2,268,905-$2,268,905
Other Land Buildings$1,384,360-$1,384,360
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
John PaxtonCEOFT$444,386$279,859$724,245
Daniel MckinnonChief Exhibitions OfficerFT$293,399$110,880$404,279
Greg BaerVP SalesFT$112,840$291,334$404,174
Christy DulaChief Experience and Digital Tech OfficerFT$346,090$16,575$362,665
Christy DulaChief Experience and Digital Tech of-$263,863$98,802$362,665
Christian DowEvp Industry Leadership and Workforce DevelopmentFT$320,097$17,233$337,330
Christian DowEvp Industry Leadership and Workforc-$267,961$69,369$337,330
Carol MillerChief Marketing OfficerFT$220,116$87,995$308,111
Michael MikitkaEvp of EducationFT$251,905$41,743$293,648
Paul TrainorExhibit Sales ManagerFT$84,299$161,012$245,311
Loretta BarterDirector of HrFT$133,652$33,374$167,026
Patrick DavisonDirector of StandardsFT$154,033$10,253$164,286
Melissa AuerSenior Director of Exhibitor ServicesFT$155,362$2,475$157,837
Melissa AuerSenior Director of Exhibitor Service-$118,362$39,475$157,837
Michael LaurentVP of Finance (to 04/2024)FT$132,689$19,684$152,373
Gray MurrayVP of Finance (from 04/2024)FT$105,992$8,825$114,817

Board Members and Trustees

NameTitle
Bryan JensenChairman
Brian RehPresident
Eddie MurphyVice President
Annette Danek-akeyDirector
Brett WoodDirector
Brian C NeuwirthDirector
Chris BeckerDirector
James CabotDirector
Jason MinghiniDirector
KEVIN O'NEILLDirector
Karen NorheimDirector
Rick FoxDirector
Arthur H StroydGeneral Counsel & Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Global Experience Specialists INCEvent Logistics Services7000 LINDELL RD, Las Vegas, NV 89118, Ca$932,689
Lakeshore AudiovisualEvent Audio Visual Services3912 WEST MCLEAN AVE, Chicago, IL 60647$776,719
Blue Sky PrintingMarketing Material Printing7326 QUAIL MEADOW LANE, Charlotte, NC 28210$509,092
Talewind Digital INCAdvertising And Production Services285 ANDREW YOUNG INTERNATIONAL BLVD, Atlanta, GA 30313$425,625
Georgia World Congress CenterConvention Center Services-$416,557
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$30,910,305
Investment Income
$784,478
Other Revenue
$1,159,599
Change in Net Assets
$7,458,327
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,135,458
Salaries, Compensation, and Employee Benefits$8,650,145
Grants and Similar Amounts Paid$610,452
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$4,280,556
Current Officers, Directors, Trustees, and Key Employees---$2,697,468
Conferences and Meetings---$1,230,675
Information Technology---$824,783
Other Employee Benefits---$696,147
Depreciation Depletion---$655,868
Grants to Domestic Orgs---$610,452
Pension Plan Contributions---$539,506
Other Expenses---$477,816
Payroll Taxes---$436,468
Office Expenses---$429,867
All Other Expenses---$276,503
Fees for Services Legal---$165,806
Fees for Service Investment Mgmnt Fees---$160,465
Travel---$139,796
Fees for Services Accounting---$91,358
Insurance---$31,281
Occupancy---$28,510
Interest---$9,440
Total Functional Expenses$0$0$0$25,396,055
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Material Handling Education Foundation IncCharlotte, NC501(c)(3)Scholarship Program$312,300
American Logistics Aid NetworkAuburndale, FL501(c)(3)Support for Logistic Service Aid$205,000
Queen City Robotics AllianceCharlotte, NC501(c)(3)Competition Sponsorship$6,000
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$80,548
Prepaid Rent$42,133
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

“Changes were made to allow "human workforce solutions provideres" as members to mhi. Additionally "warehouse and distribution centers" were futher defined and "werc or the warehousing and research counsil, was further defined.”

Form 990, Part VI, Section A, Line 6

“The members can receive a share of the organization's profits or excess dues or a share of the organization's net assets upon the organization's dissolution.”

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

“Prior to filing, the ceo and vp of finance review the return. The board is provided a full copy after filing.”

Form 990, Part VI, Section B, Line 12C

“Any governor or officer as to whom a matter coming before the board of governors or a committee on which such the governor or officer sits, which may consititute a conflict of interest shall so indicate at or prior to the time such matter is being considered to the board of governors or executive director. The board member is excused from the discussion and voting on that particular matter.”

Form 990, Part VI, Section B, Line 15

“The board of governors established a human resource committee that has the responsibility for all employee compensation, benefits and related employee matters. The committee shall consist of the chairperson, president, vice president and two other board of governors. The chief executive officer shall serve as an advisor to the committee. Every 5 years or less the board of governors authorizes the human resource committee to engage an independent human resource consulting firm to provide a comprehensive compensation and benefit study with the objective to recommend fair and competitive compensation ranges for all positions and benefits that align with the strategic mission and vision. Annually, the ceo's salary is determined and approved by the human resource committee and is documented in the human resource committee minutes. A third-party was engaged in 2024 to review every job at mhi and compare compensation to other associations of our size. Changes to compensation are made based on the result of the report from the third-party.”

Form 990, Part VI, Section C, Line 19

“The governing documents and bylaws are available on the website or by request. The conflict of interest policy and financial statements are made available upon written request.”

Filing and Contact Details

Filer

Filer Name
Material Handling Industry
EIN
56-1596147
Phone
7046761190
Address
8720 RED OAK BLVD 201, CHARLOTTE, NC 28217
Doing Business As
Mhi

Signing Officer

Name
Gray Murray
Title
VP of Finance
Phone
7046761190
Signed
2025-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Paxton
Formed
1945
Legal Domicile
Pa
Voting Board Members
14
Independent Board Members
13
Employees
53
Volunteers
13

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
1111 METROPOLITAN AVE STE 900, CHARLOTTE, NC 28204
Preparer
Bree-ann Weidner
Phone
7043771678
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Material handling industry and its subsidiary and affiliates are exempt from federal and state income taxes on income related to its tax-exempt purpose under section 501(c)(6) of the internal revenue code (irc) and applicable state statutes. Mhi is liable for federal and state taxes on any unrelated business income, as defined in the irc. Mhi follows the financial accounting standards board (fasb) guidance on accounting for uncertainty in income taxes. Mhi's policy is to record a liability for any tax position taken that is beneficial to mhi, 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, 2024 and 2023 and, accordingly, no liability has been accrued.”

Raw XML AppendixShowing 400 of 837 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0MODEX 2024 BROUGHT THE MANUFACTURING AND SUPPLY CHAIN INDUSTRY TOGETHER ON MARCH 11-14 AT ATLANTA'S GEORGIA WORLD CONGRESS CENTER, WITH 48,733 VISITORS CONNECTING WITH 1,200 EXHIBITS ACROSS 580,000 NET SQUARE FEET FOR LEARNING, ENGAGING, AND DISCOVERING EQUIPMENT AND TECHNOLOGY INNOVATIONS TO BUILD SUPPLY CHAIN EFFICIENCY AND RESILIENCE. MODEX 2024 INCLUDED OVER 200 EDUCATIONAL SEMINARS AND FOUR KEYNOTES, THE MHI INDUSTRY NIGHT ENTERTAINMENT EVENT, AND INNOVATION AWARDS FOR BEST NEW PRODUCT, BEST INNOVATION OF AN EXISTING PRODUCT, BEST SUSTAINABILITY, AND BEST IT INNOVATIONS. MODEX 2024 STUDENT DAY WAS HELD ON MARCH 13TH AND WELCOMED HUNDREDS OF HIGH SCHOOL AND UNIVERSITY STUDENTS AS WELL AS EDUCATORS TO THE EVENT.
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