Civic Intelligence

Material Handling Industry

990 • Fiscal year 2020 • EIN 56-1596147

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

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.

2020 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

79th percentile

0.97x

Higher debt load relative to revenue than 79% of similar nonprofits.

2020 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2020

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

70th percentile

$845,863

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2020 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2020

Asset Growth

69th percentile

9.6%

Faster asset growth than 69% of similar nonprofits.

2020 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

19th percentile

-21%

Faster revenue growth than 19% of similar nonprofits.

2020 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$47,906,820

Up $4,214,017 (+9.6%) from 2019

Net Assets

Up

$29,253,663

Up $3,738,939 (+15%) from 2019

Liabilities

Up

$18,653,157

Up $475,078 (+2.6%) from 2019

Revenue

Down

$19,242,178

Down $5,266,236 (-21%) from 2019

Expenses

Down

$16,951,847

Down $1,379,769 (-7.5%) from 2019

Net Income

Down

$2,290,331

Down $3,886,467 (-63%) from 2019

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

2020

Assets$47,906,820
Liabilities$18,653,157
Net Assets$29,253,663

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

2020

Revenue$19,242,178
Expenses$16,951,847
Net Income$2,290,331
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$41,420,327
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$23,321,428$23,169,741▼ $151,687
Land, Buildings, and Equipment, Net$15,440,600$15,192,449▼ $248,151
Savings and Temporary Cash Investments$1,213,584$4,501,465▲ $3,287,881
Cash and Non-Interest-Bearing Accounts$1,929,178$3,816,844▲ $1,887,666
Prepaid Expenses and Deferred Charges$1,235,606$607,868▼ $627,738
Accounts Receivable$142,585$245,913▲ $103,328
Intangible Assets$181,206$134,894▼ $46,312
Inventories for Sale or Use$11,539$5,573▼ $5,966
Total Assets$43,692,803$47,906,820▲ $4,214,017
Other Assets Total$217,077$232,073▲ $14,996
Liabilities
Deferred Revenue$12,892,143$7,759,803▼ $5,132,340
Other Liabilities$148,901$6,346,355▲ $6,197,454
Mortgage Notes Payable Secured by Investment Property$3,786,535$3,622,866▼ $163,669
Accounts Payable and Accrued Expenses$1,350,500$924,133▼ $426,367
Total Liabilities$18,178,079$18,653,157▲ $475,078
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,514,724$29,253,663▲ $3,738,939
Total Net Assets Fund Balance$25,514,724$29,253,663▲ $3,738,939
Total Liabilities and Net Assets / Fund Balance$43,692,803$47,906,820▲ $4,214,017

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,852,685$1,690,754$13,543,439
Equipment$967,078$1,906,905$2,873,983
Land$2,268,905-$2,268,905
Other Land Buildings$103,781-$103,781
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
George W PrestCEOFT$644,930$200,933$845,863
John PaxtonCOO and CEO DesignateFT$296,471$123,617$420,088
Daniel MckinnonEvp of ExhibitionsFT$229,557$74,144$303,701
Christian DowEvp of MembershipFT$204,933$68,459$273,392
Christy DulaChief Digital OfficerFT$177,035$66,371$243,406
Gregory BaerDirector of SalesFT$85,363$122,358$207,721
Carol MillerVP of MarketingFT$150,742$44,112$194,854
Mike LaurentControllerFT$129,773$22,813$152,586

Board Members and Trustees

NameTitle
Brett WoodChair
KEVIN O'NEILLPresident
Bryan JensenVice President
Brian RehDirector
Chris BeckerDirector
David YoungDirector
E Larry StrayhornDirector
Eddie MurphyDirector
Gregg E GoodnerDirector
Rick FoxDirector
Steve DieboldDirector
Arthur H Stroyd JrDirector, General Counsel

Highest Paid Contractors

ContractorServicesLocationCompensation
Deloitte Consulting LLPIndustry Research ServicesPO BOX 844717, Dallas, TX 75284$232,000
Del Sole Cavanaugh Stroyd LLCLegal ServicesTHREE PPG PLACE STE 600, Pittsburgh, PA 15222$192,855
Prestige EconomicsFinancial Market Research7101 FIG VINE COVE STE 101, Austin, TX 78750$186,202
Sara Specter Marketing Mercenary LLPMarketing Consulting ServicesPO BOX 1059, Newberg, OR 97132$113,800
Paul Armstrong Code Consulting ServicesEngineering Consulant Services4182 N VIKING WAY SUITE 204, Long Beach, CA 90808$104,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$18,270,800
Investment Income
$363,992
Other Revenue
$607,386
Change in Net Assets
$2,290,331
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,502,103
Salaries, Compensation, and Employee Benefits$6,197,890
Grants and Similar Amounts Paid$251,854
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,760,766
Current Officers, Directors, Trustees, and Key Employees---$1,418,537
Conferences and Meetings---$503,255
Information Technology---$480,702
Other Employee Benefits---$463,680
Depreciation Depletion---$333,495
Payroll Taxes---$300,245
Pension Plan Contributions---$254,662
Grants to Domestic Orgs---$251,854
Fees for Services Legal---$191,722
Occupancy---$176,413
Office Expenses---$151,362
Fees for Service Investment Mgmnt Fees---$121,705
Fees for Services Other---$94,139
Fees for Services Accounting---$50,539
Other Expenses---$30,000
Insurance---$27,939
All Other Expenses---$24,791
Travel---$21,939
Interest---$16,368
Total Functional Expenses$0$0$0$16,951,847
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Material Handling Education Foundation IncCharlotte, NC501(c)(3)University Scholarship Program/career Technical Education Program$93,500
Rock Hill School District Education FoundationRock Hill, SC501(c)(3)Community Outreach$25,450
American Logistics Aid NetworkLakland, FL501(c)(3)Disaster Relief Aid$25,000
HopematchCharlotte, NC501(c)(3)Community Outreach$10,000
SafeallianceCharlotte, NC501(c)(3)Community Outreach$5,200
CltgiveppeorgCharlotte, NC501(c)(3)Community Outreach$5,100
Industrial Truck Standards Development FoundationWashington, DC501(c)(3)B56 Standards Committee$5,000
Nc State Engineering Foundation CampusRaleigh, NC501(c)(3)RESEARCH ON AV'S$5,000
Second Harvest Food Bank of MetrolinaCharlotte, NC501(c)(3)Community Outreach$5,000
Thompson Child Development CenterCharlotte, NC501(c)(3)Community Outreach$5,000
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
Promat Refunds$6,225,925
Tenant Security Deposits$97,832
Prepaid Rent$22,598
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
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
Yes
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 11B

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
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Prest
Formed
1945
Legal Domicile
Pa
Voting Board Members
12
Independent Board Members
11
Employees
42
Volunteers
34

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 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, 2020 and 2019, and accordingly, no liability has been accrued.

Raw XML AppendixShowing 400 of 768 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/Form990PartVIISectionAGrp/PersonNm9ARTHUR H STROYD JR
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR, GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13COO AND CEO DESIGNATE
IRS990/Form990PartVIISectionAGrp/TitleTxt14CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF SALES
IRS990/Form990PartVIISectionAGrp/TitleTxt16EVP OF MEMBERSHIP
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP OF MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF DIGITAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19EVP OF EXHIBITIONS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
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IRS990/GrossReceiptsAmt041420327
IRS990/GrossRentsGrp/RealAmt01278734
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IRS990/InventoriesForSaleOrUseGrp/BOYAmt011539
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IRS990/LessRentalExpensesGrp/RealAmt01429857
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OccupancyGrp/TotalAmt0176413
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IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc1COMMITTEE OPERATIONS
IRS990/OtherExpensesGrp/Desc2INDUSTRY GROUP EXPENSE
IRS990/OtherExpensesGrp/Desc3UBI TAX
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IRS990/OtherExpensesGrp/TotalAmt2191753
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IRS990/OtherLiabilitiesGrp/BOYAmt0148901
IRS990/OtherLiabilitiesGrp/EOYAmt06346355
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IRS990/OtherRevenueMiscGrp/Desc0ADVERTISING
IRS990/OtherRevenueMiscGrp/Desc1WERC
IRS990/OtherRevenueMiscGrp/Desc2MANAGEMENT FEES
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt145000
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt179566
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IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0TRADE SHOW
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IRS990/ProgramServiceRevenueGrp/Desc2INDUSTRY GROUPS
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IRS990/ProgramServiceRevenueGrp/Desc4CAREER EDUCATION PROGRAM
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12910715
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2349053
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt352150
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt420410
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014938472
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12910715
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2349053
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt352150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt420410
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0497150
IRS990/ProgSrvcAccomActy2Grp/Desc0MEMBERSHIP MEETINGS: TWO ANNUAL MEMBERSHIP MEETINGS WERE HELD VIRTUALLY DUE TO COVID CONCERNS. THE MEETINGS FOCUS ON ISSUES OF MUTUAL INDUSTRY CONCERNS AND GROWTH OF THE MATERIAL OF THE MATERIAL HANDLING INDUSTRY. MEMBERS FOCUS ON STANDARD DEVELOPMENT, AND DEVELOPMENT ON TECHNICAL, SAFETY, AND EDUCATIONAL MATTERS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt0184490
IRS990/PYInvestmentIncomeAmt01599954
IRS990/PYOtherExpensesAmt012593841
IRS990/PYOtherRevenueAmt0282104
IRS990/PYProgramServiceRevenueAmt022626356
IRS990/PYRevenuesLessExpensesAmt06176798
IRS990/PYSalariesCompEmpBnftPaidAmt05553285
IRS990/PYTotalExpensesAmt018331616
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt024508414

Document Assets

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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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)6 • $25M-$50M nonprofits