2020-11-16T13:20:01-06:00 2019-12-31 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2019-01-01 561596147 MATERIAL HANDLING INDUSTRY MATE 7046761190 8720 RED OAK BLVD NO 201 CHARLOTTE NC 28217 MICHAEL J LAURENT CONTROLLER 7046761190 2020-11-13 1 AMANDA ADAMS P00748038 7043771678 24.30.12.216 2020-11-13 11:45:07 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 18694F53AD11E15FFCEA276DE93F63B2E746D691 2019 2022-01-07 14:23:13Z MHI GEORGE PREST 8720 RED OAK BLVD NO 201 CHARLOTTE NC 28217 62023301 0 X WWW.MHI.ORG X 1945 PA TO DELIVER MEMBER VALUE EVERY DAY. VISION - TO BE THE AUTHORATIVE RESOURCE FOR MATERIAL HANDLING INDUSTRY 13 12 40 0 636934 144110 0 0 14767534 22626356 885285 1599954 261282 282104 15914101 24508414 335419 184490 0 0 4728032 5553285 0 0 0 10999598 12593841 16063049 18331616 -148948 6176798 38238562 43692803 20270200 18178079 17968362 25514724 TO DELIVER MEMBER VALUE EVERY DAY. VISION - TO BE THE AUTHORATIVE RESOURCE FOR MATERIAL HANDLING INDUSTRY 0 0 TRADESHOW AND CONFERENCE: PROMAT 2019 WAS THE LARGEST IN THE 34-YEAR HISTORY OF THE EVENT, WITH REGISTRATIONS OF 49,718. THE FOUR-DAY EXPO, APRIL 8-11, COVERED 425,000 NET SQUARE FEET OF EXHIBIT SPACE ON TWO SHOW FLOORS AT CHICAGO'S MCCORMICK PLACE WITH 938 EXHIBITING COMPANIES. THE PROMAT EXPO WAS ONCE AGAIN COLLOCATED WITH AUTOMATE 2019. MEMBERSHIP 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 SCHEDULES. MEMBER ATTENDANCE RANGES FROM 325 TO 650 INDIVIDUALS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 52 0 1 40 1 1 1 0 0 0 0 0 0 0 X 13 12 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X MIKE LAURENT 7046761190 8720 RED OAK BLVD CHARLOTTE NC 282173992 BRETT WOOD CHAIR 2.00 X X 0 0 0 KEVIN O'NEILL PRESIDENT 2.00 X X 0 0 0 BRYAN JENSEN VICE PRESIDENT 2.00 X X 0 0 0 CHRIS BECKER DIRECTOR 2.00 X 0 0 0 STEVE DIEBOLD DIRECTOR 2.00 X 0 0 0 RICK FOX DIRECTOR 2.00 X 0 0 0 GREGG E GOODNER DIRECTOR 2.00 X 0 0 0 EDDIE MURPHY DIRECTOR 2.00 X 0 0 0 BRIAN REH DIRECTOR 2.00 X 0 0 0 ARTHUR H STROYD JR DIRECTOR, GENERAL COUNSEL 2.00 X 0 0 0 E LARRY STRAYHORN DIRECTOR 2.00 X 0 0 0 DAVID YOUNG DIRECTOR 2.00 X 0 0 0 GEORGE W PREST CEO 40.00 X X 574585 0 52292 JOHN PAXTON COO AND CEO DESIGNATE 40.00 X 281180 0 57155 MIKE LAURENT CONTROLLER 40.00 X 124555 0 24959 DOUGLAS REED EVP - STRATEGIC DEVELOPMEN 40.00 X 294304 0 24184 THOMAS CARBOTT SENIOR VP OF EXHIBITIONS 40.00 X 234864 0 23694 DANIEL MCKINNON EXECUTIVE VP OF EXHIBITIONS AND EVENTS 40.00 X 231043 0 17749 GREG BAER DIRECTOR OF SALES 40.00 X 166764 0 30786 CAROL MILLER VP - MARKETING & COMMUNICA 40.00 X 147188 0 42271 2054483 0 273090 16 0 1 0 SME ENTERTAINMENT GROUP 11640 SAN VICENTE BLVD LOS ANGELES CA 90049 SPEAKER ENGAGEMENTS 301288 DEL SOLE CAVANAUGH STROYD LLC THREE PPG PLACE STE 600 PITTSBURGH PA 15222 LEGAL SERVICES 230510 DELOITTE CONSULTING LLP PO BOX 844717 DALLAS TX 75284 INDUSTRY RESEARCH SERVICES 201570 PRESTIGE ECONOMICS 7101 FIG VINE COVE STE 101 AUSTIN TX 78750 FINANCIAL MARKET RESEARCH 166787 BIRDSONG GREGORY 715 N CHURCH ST CHARLOTTE NC 28202 ADVERTISING AGENCY 155338 8 TRADE SHOW 900099 18731738 18301888 429850 MEMBERSHIP DUES 900099 2676475 2676475 INDUSTRY MEETINGS 900099 827581 827581 INDUSTRY GROUPS 900099 353569 353569 CAREER EDUCATION PROGRAM 900099 36993 36993 22626356 596060 596060 1285081 1359547 -74466 -74466 -22281 -52185 37159234 36131463 23877 1027771 -23877 1003894 1003894 ADVERTISING 541800 229365 229365 MANAGEMENT FEES 561000 20000 20000 107205 107205 356570 24508414 22323711 636934 1547769 184490 1114726 3364405 257502 556938 259714 102579 38755 124377 135959 111186 400518 112828 46381 2151680 17346 294695 29006 TRADE SHOW EXPENSES 7234223 COMMITTEE OPERATIONS 1410087 INDUSTRY GROUP EXPENSE 293073 91148 18331616 2189879 1929178 615740 1213584 183248 142585 16134 11539 618200 1235606 18145418 2704818 12593283 15440600 21625248 23321428 147179 181206 249651 217077 38238562 43692803 1811591 1350500 14389760 12892143 3945157 3786535 123692 148901 20270200 18178079 X 17968362 25514724 17968362 25514724 38238562 43692803 X 6176798 1497824 -128260 X 0 1 X 1 0 0 1 0 2268905 2268905 12438097 989763 11448334 2815089 1715055 1100034 623327 623327 15440600 PREPAID RENT 46940 TENANT SECURITY DEPOSITS 101961 148901 X 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, 2019 AND 2018, AND ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. 1 MATERIAL HANDLING EDUCATION FOUNDATION INC 8720 RED OAK BLVD CHARLOTTE NC 28217 251303313 501(C)(3) 33140 20000 FMV MANAGEMENT UNIVERSITY SCHOLARSHIP PROGRAM/CAREER TECHNICAL EDUCATION PROGRAM PENN STATE RESEARCH FOUNDATION 408 OLD MAIN UNIVERSITY PARK PA 16802 251359185 501(C)(3) 22500 START UP GRANT THE UNIVERSITY OF TENNESSEE FOUNDATION INC 1525 UNIVERSITY AVENUE ROOM 223 KNOXVILLE TN 379214848 621844686 501(C)(3) 55000 SPARK GRANT AUBURN UNIVERSITY FOUNDATION 317 SOUTH COLLEGE STREET AUBURN AL 368495170 636022422 501(C)(3) 22500 START UP GRANT INDUSTRIAL TRUCK STANDARDS DEVELOPMENT FOUNDATION 1750 K STREET WASHINGTON DC 20006 760779106 501(C)(3) 5000 B56 STANDARDS COMMITTEE YMCA OF GREATER CHARLOTTE 400 EAST MOREHEAD STREET CHARLOTTE NC 28202 561045299 501(C)(3) 26350 CHARITY 6 0 PART I, LINE 2: THE BOARD OVERSEES ALL GRANTS TO ENSURE FUNDS ARE USED APPROPRIATELY. X X X 1 1 X X X X X 1 0 0 GEORGE W PREST CEO 436752 0 120000 0 17833 0 30800 0 21492 0 626877 0 0 0 JOHN PAXTON COO AND CEO DESIGNATE 281180 0 0 0 0 0 30800 0 26355 0 338335 0 0 0 DOUGLAS REED EVP - STRATEGIC DEVELOPMEN 207842 0 44000 0 42462 0 6682 0 17502 0 318488 0 0 0 THOMAS CARBOTT SENIOR VP OF EXHIBITIONS 185364 0 49500 0 0 0 14780 0 8914 0 258558 0 0 0 DANIEL MCKINNON EXECUTIVE VP OF EXHIBITIONS AND EVEN 231043 0 0 0 0 0 17749 0 0 0 248792 0 0 0 GREG BAER DIRECTOR OF SALES 81599 0 85165 0 0 0 9694 0 21092 0 197550 0 0 0 CAROL MILLER VP - MARKETING & COMMUNICA 147188 0 0 0 0 0 17213 0 25058 0 189459 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: PER THEIR CONTRACTS, OFFICERS ARE REQUESTED TO HAVE THEIR COMPANIONS ACCOMPANY THEM TO C-LEVEL EVENTS FOR BONA FIDE BUSINESS PURPOSES. PERSONS WHO RECEIVED THIS NONTAXABLE BENEFIT WERE GEORGE PREST AND THOMAS CARBOTT. HEALTH CLUB DUES RECEIVED BY GEORGE PREST WERE TREATED AS TAXABLE COMPENSATION. THE TAXABLE VALUE OF THE HEALTH CLUB DUES IS GROSSED-UP FOR TAX PURPOSES. PART I, LINE 4A DURING 2019, DOUGLAS REED RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $39,232. 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. FORM 990, PART XI, LINE 9: CHANGE IN INCOME TAX BENEFIT -128,260.