Civic Intelligence

Material Handling Industry

990 • Fiscal year 2015 • EIN 56-1596147

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 13, 2016

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

63rd percentile

0.39x

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

2015 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

62nd percentile

0.46x

Higher debt load relative to revenue than 62% of similar nonprofits.

2015 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2015

Net Margin

85th percentile

21%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

62nd percentile

$447,859

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2015 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2015

Asset Growth

17th percentile

-4.6%

Faster asset growth than 17% of similar nonprofits.

2015 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

96th percentile

58%

Faster revenue growth than 96% of similar nonprofits.

2015 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$19,843,207

Down $953,395 (-4.6%) from 2014

Net Assets

Up

$12,176,552

Up $2,832,243 (+30%) from 2014

Liabilities

Down

$7,666,655

Down $3,785,638 (-33%) from 2014

Revenue

Up

$16,701,489

Up $6,105,046 (+58%) from 2014

Expenses

Up

$13,271,302

Up $2,525,164 (+23%) from 2014

Net Income

Up

$3,430,187

Up $3,579,882 (+2391%) from 2014

Historical Trend

Balance Sheet Trend

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

$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

2015

Assets$19,843,207
Liabilities$7,666,655
Net Assets$12,176,552

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$16,701,489
Expenses$13,271,302
Net Income$3,430,187
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 13, 2016
Return Version
2015v2.1
Gross Receipts
$23,638,008
Mission and Program Overview

Mission

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

To deliver exceptional value to our member companies, their customers and other industry constituents in order to promote the growth and prosperity of their organizations and our industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$17,125,985$15,847,003▼ $1,278,982
Cash and Non-Interest-Bearing Accounts$2,314,570$2,278,316▼ $36,254
Savings and Temporary Cash Investments$943,437$1,249,119▲ $305,682
Land, Buildings, and Equipment, Net$170,347$226,809▲ $56,462
Prepaid Expenses and Deferred Charges$175,442$187,810▲ $12,368
Inventories for Sale or Use$56,080$39,833▼ $16,247
Accounts Receivable$10,741$14,317▲ $3,576
Total Assets$20,796,602$19,843,207▼ $953,395
Liabilities
Deferred Revenue$11,047,466$7,129,169▼ $3,918,297
Accounts Payable and Accrued Expenses$331,752$488,299▲ $156,547
Other Liabilities$73,075$49,187▼ $23,888
Total Liabilities$11,452,293$7,666,655▼ $3,785,638
Net Assets / Fund Balance
Unrestricted Net Assets$9,344,309$12,176,552▲ $2,832,243
Total Net Assets Fund Balance$9,344,309$12,176,552▲ $2,832,243
Total Liabilities and Net Assets / Fund Balance$20,796,602$19,843,207▼ $953,395

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$226,809$705,300$932,109
Other Land Buildings$0$927,659$927,659
Leasehold Improvements$0$51,597$51,597
Other Securities$833,738--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
George PrestCEOFT$321,974$125,885$447,859
Jeff WoronieckiCOOFT$227,770$94,972$322,742
Thomas CarbottSenior VP of exhibitionsFT$174,541$78,307$252,848
Daniel StantonVP - Education & Profess.FT$170,889$78,289$249,178
Gary ForgerManaging Director of Professional developmentFT$137,489$36,948$174,437
Gary ForgerManaging Director of Professional de-$135,509$38,928$174,437
matthew smurrsenior director of industry groupsFT$154,856$12,846$167,702
Carol MillerVP - Marketing & CommunicaFT$129,584$29,582$159,166
Mike LaurentControllerFT$112,544$18,304$130,848

Board Members and Trustees

NameTitle
Dave YoungChairperson
E Larry StrayhornLast Retiring Ex. Chairman
John PaxtonPresident
Gregg E GoodnerVice President
Brian CohenDirector
Brian McnamaraDirector
Bryan CareyDirector
Colin WilsonDirector
David LippertDirector
Steve BuccellaDirector
Willard P HeddlesDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
MythicMarketing And Advertising Services222 S CHURCH STREET - STE 200, Charlotte, NC 28202$483,799
Delsole Cavanaugh Stoyd LLCLegal ServicesTHE WATERFRONT BUILDING SUITE 300, Pittsburgh, PA 15222$168,611
deloitte consulting LLPresearch study reportPO Box 844717, dallas, TX 75284$150,000
F Hal Vandiver & Associatesforecasting marketing & sales planning2106 WINDSOR COURT, Little Rock, AR 72212$135,390
prestige economicseconomist7101 fig vine cove, austin, TX 78750$130,963
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$15,636,067
Investment Income
$503,004
Other Revenue
$562,418
Change in Net Assets
$3,430,187
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,317,274
Salaries, Compensation, and Employee Benefits$3,785,078
Grants and Similar Amounts Paid$168,950
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,104,951
Conferences and Meetings---$1,406,697
Pension Plan Contributions---$251,789
Other Employee Benefits---$249,908
Occupancy---$240,562
Payroll Taxes---$178,430
Fees for Services Legal---$162,982
Grants to Domestic Orgs---$155,950
Information Technology---$149,684
Interest---$123,360
Office Expenses---$111,408
All Other Expenses---$75,278
Depreciation Depletion---$72,462
Other Expenses---$56,462
Fees for Services Accounting---$37,130
Travel---$35,073
Insurance---$25,640
Foreign Grants---$13,000
Total Functional Expenses$0$0$0$13,271,302
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Material Handling Education FoundationCharlotte, NC501(c)(3)University Scholarship Program and Technical Education Program$54,950
auburn universityauburn university, AL501(c)(3)University material handling research$50,000
university of louisvillelouisville, KY501(c)(3)University material handling research$20,000
embry-riddle aeronautical universitydaytona beach, FL501(c)(3)501(c)(3)50University material handling research$11,000
american logistics aid networklombard, IL501(c)(3)Supply chain humanitarian relief$10,000
georgia tech foundationatlanta, GA501(c)(3)University material handling research$10,000

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
John B NofsingerF. Hal Vandiver, Former Officer, Is Owner of F. Hal Vandiver & AssociatesF. HAL VANDIVER, FORMER EXECUTIVE VP OF BUSINESS DEVELOPMENT OF MHI, developed "MHI Marketing Analysis Toolkit" (MHIMAT), a software program designed to aid with forecasting, market analysis and sales planning. ALL TRANSACTIONS WERE CONDUCTED AT ARM'S LENGTH AND AT FAIR MARKET VALUE.No$135,390
-John Nofsinger, Former CEO of MhiPERFORMED MANAGEMENT ASSISTANCE SERVICES WITH STANDARDS DEVELOPMENT AND ACTIVITIES. ALL TRANSACTIONS WERE CONDUCTED AT ARM'S LENGTH AND AT FAIR MARKET VALUE.No$35,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Lease Incentive$49,187
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
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 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 11

Prior to filing, the Board is notified by email that a copy of the Form 990 is available on our website for review.

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 vison. Annually, the ceo's salary is determined and approved by the human resource committee and is documented in the human resource committee minutes.

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 No 201, CHARLOTTE, NC 28217
Doing Business As
Mhi

Signing Officer

Name
Michael J Laurent
Title
Controller
Phone
7046761190
Signed
2016-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Prest
Formed
1945
Legal Domicile
Pa
Voting Board Members
13
Independent Board Members
12
Employees
35
Volunteers
0

Preparer

Firm
Cherry Bekaert Llp
Address
1111 Metropolitan Ave Ste 1000, Charlotte, NC 28204
Preparer
Janice A Ratica
Phone
7043771678
Supplemental Narrative

Additional Explanations

form 990, part X, question 2B:

Mhi's financial statements are not audited on a consolidated basis with the affiliated associations. Rather, they are combined financial statements that include the industry groups and affiliated associations. Industry groups are committees established by mhi with internally designated funds. Five incorporated associations are affiliated with mhi but represent separate legal entities, which are under common management with mhi.

Financial Statement Notes

Part X, Line 2:

MHI is 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 (the "Code") and applicable state statutes. MHI is liable for federal and state taxes on any unrelated business income, as defined in the Code. MHI follows 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, 2015 and 2014, and, accordingly, no liability has been accrued. Income tax returns filed prior to the year ended December 31, 2012 are no longer subject to audit by the taxing authorities.

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IRS990/Form990PartVIISectionAGrp/PersonNm2BRIAN COHEN
IRS990/Form990PartVIISectionAGrp/PersonNm3WILLARD P HEDDLES
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID LIPPERT
IRS990/Form990PartVIISectionAGrp/PersonNm5BRIAN MCNAMARA
IRS990/Form990PartVIISectionAGrp/PersonNm6COLIN WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm7DAVE YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN PAXTON
IRS990/Form990PartVIISectionAGrp/PersonNm9GREGG E GOODNER
IRS990/Form990PartVIISectionAGrp/PersonNm10E LARRY STRAYHORN
IRS990/Form990PartVIISectionAGrp/PersonNm11George Prest
IRS990/Form990PartVIISectionAGrp/PersonNm12Mike Laurent
IRS990/Form990PartVIISectionAGrp/PersonNm13Jeff Woroniecki
IRS990/Form990PartVIISectionAGrp/PersonNm14Gary Forger
IRS990/Form990PartVIISectionAGrp/PersonNm15Thomas Carbott
IRS990/Form990PartVIISectionAGrp/PersonNm16Carol Miller
IRS990/Form990PartVIISectionAGrp/PersonNm17Daniel Stanton
IRS990/Form990PartVIISectionAGrp/PersonNm18matthew smurr
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt8President
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10Last Retiring Ex. Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12Controller
IRS990/Form990PartVIISectionAGrp/TitleTxt13COO
IRS990/Form990PartVIISectionAGrp/TitleTxt14Managing Director of Professional development
IRS990/Form990PartVIISectionAGrp/TitleTxt15Senior VP of exhibitions
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP - Marketing & Communica
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP - Education & Profess.
IRS990/Form990PartVIISectionAGrp/TitleTxt18senior director of industry groups
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MHI is the NATION'S largest material handlinG, logistics, & SUPPLY CHAIN association representing the leading providers of material handling & LOGISTICS solutions that makeS supply chainS work. MHI members are material handling and logistics equipment, systems and software manufacturers; consultants; systems integrators and simulators; third party logistics providers and publishers. MHI provides educational, business development, networking and solution sourcing opportunities for its 800 member companies and for the larger community of manufacturing, distribution, logistics and supply.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-86296
IRS990/NetUnrelatedBusTxblIncmAmt034550
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IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherExpensesGrp/Desc1COMMITTEE OPERATIONS
IRS990/OtherExpensesGrp/Desc2INDUSTRY GROUP EXPENSE
IRS990/OtherExpensesGrp/Desc3BANK SERVICE CHARGES
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IRS990/OtherExpensesGrp/TotalAmt11458485
IRS990/OtherExpensesGrp/TotalAmt2187956
IRS990/OtherExpensesGrp/TotalAmt356462
IRS990/OtherLiabilitiesGrp/BOYAmt073075
IRS990/OtherLiabilitiesGrp/EOYAmt049187
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
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IRS990/OtherRevenueMiscGrp/Desc0INDUSTRY GROUP REVENUE
IRS990/OtherRevenueMiscGrp/Desc1MANAGERIAL SERVICES
IRS990/OtherRevenueMiscGrp/Desc2CAREER EDUCATION PROGRAM
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1113418
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt234192
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IRS990/PensionPlanContributionsGrp/TotalAmt0251789
IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0187810
IRS990/PrincipalOfficerNm0GEORGE PREST
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IRS990/ProgramServiceRevenueGrp/Desc1DUES
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0252855
IRS990/ProgSrvcAccomActy2Grp/Desc0MEMBERSHIP MEETINGS: TWO MEETINGS HELD TO CONDUCT WORK FOCUSING ON ISSUES OF MUTUAL INDUSTRY CONCERNS AND GROWTH OF THE MATERIAL HANDLING INDUSTRY. TYPICAL MEETINGS FOCUS ON STANDARD DEVELOPMENT, AUTHORITATIVE REGULATION, LIASON RELATIONSHIP DEVELOPMENT, AND DEVELOPMENT ON TECHNICAL, SAFETY AND EDUCATIONAL MATERIALS. IN ADDITION, EDUCATIONAL SEMINARS ARE HELD THROUGHOUT THE THREE TO FOUR DAY SCHEDULE. MEMBER ATTENDANCE RANGES FROM 265 TO 400 INDIVIDUALS.
IRS990/ProgSrvcAccomActy3Grp/Desc0COLLEGE INDUSTRY COUNCIL MATERIAL HANDLING EDUCATION: CICMHE IS A COMMITTEE COMPOSED OF SIXTEEN COLLEGE AND UNIVERSITY EDUCATORS AND FIVE MATERIAL HANDLING INDUSTRY MEMBERS MISSIONED TO INCREASE AWARENESS, UNDERSTANDING, EXPLORATION, AND DEVELOPMENT OF MATERIAL HANDLING AND LOGISTICS THROUGH FOSTERING AND NURTURING HIGH VALUE PROJECTS AND EVENTS.One such event was the Material Handling Teacher's Institute held July 13 - 17, 2015 at the University of Wisconsin -Madison. The event is designed for faculty at all levels of experience who are directly involved in the teaching of material handling, facilities design/layout/logistics, operations and supply chain courses. This years event, attended by over 45 educators, included talks, facility tours and team activities.
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0705300
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0932109
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0927659
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt049187
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED LEASE INCENTIVE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt06774435
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt18238830
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2833738
IRS990ScheduleD/OtherSecuritiesGrp/Desc0EQUITY FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1fixed income funds
IRS990ScheduleD/OtherSecuritiesGrp/Desc2alternative investments
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MHI is 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 (the "Code") and applicable state statutes. MHI is liable for federal and state taxes on any unrelated business income, as defined in the Code. MHI follows 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, 2015 and 2014, and, accordingly, no liability has been accrued. Income tax returns filed prior to the year ended December 31, 2012 are no longer subject to audit by the taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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