2025-10-01T15:24:20-05:00 2024-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2024-01-01 561596147 MATERIAL HANDLING INDUSTRY MATE 7046761190 8720 RED OAK BLVD 201 CHARLOTTE NC 28217 GRAY MURRAY VP OF FINANCE 7046761190 2025-09-30 1 1 BREE-ANN WEIDNER P01319397 7043771678 2024 2025-03-06 01:10:19Z MHI JOHN PAXTON 8720 RED OAK BLVD 201 CHARLOTTE NC 28217 97411736 0 X WWW.MHI.ORG X 1945 PA TO DELIVER MEMBER VALUE EVERY DAY. VISION - TO BE THE AUTHORATIVE RESOURCE FOR MATERIAL HANDLING INDUSTRY 14 13 53 13 1330105 260087 0 0 31131190 30910305 1773576 784478 1976784 1159599 34881550 32854382 136341 610452 0 0 7556896 8650145 0 0 0 16824158 16135458 24517395 25396055 10364155 7458327 69148655 85651042 27769795 32237224 41378860 53413818 TO DELIVER MEMBER VALUE EVERY DAY. VISION - TO BE THE AUTHORATIVE RESOURCE FOR MATERIAL HANDLING INDUSTRY 0 0 MODEX 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. THE WERC 2024 ANNUAL CONFERENCE, WAS A PREMIER EVENT FOR PROFESSIONALS IN THE WAREHOUSING, DISTRIBUTION, AND LOGISTICS SECTORS. THE CONFERENCE OFFERS A BLEND OF EDUCATIONAL SESSIONS, INDUSTRY-SPECIFIC MEETINGS, AND NETWORKING OPPORTUNITIES AIMED AT TACKLING CURRENT SUPPLY CHAIN CHALLENGES. ATTENDEES HAVE THE CHANCE TO EXPLORE KEY TOPICS SUCH AS OPERATIONAL EFFICIENCY, EMERGING TECHNOLOGY, AND WORKFORCE STRATEGIES, WHILE ALSO PARTICIPATING IN FACILITY TOURS AND HANDS-ON WORKSHOPS. THIS YEAR'S EVENT WAS DESIGNED TO PROVIDE ACTIONABLE INSIGHTS FOR LEADERS ACROSS ALL CAREER STAGES, HELPING THEM IMPLEMENT BEST PRACTICES WITHIN THEIR ORGANIZATIONS. MEMBERSHIP MEETINGS: TWO MEMBERSHIP MEETINGS WERE HELD, THE MHI SPRING MEETING AND THE MHI ANNUAL CONFERENCE. BOTH MEETINGS ARE INTERACTIVE THOUGHT LEADERSHIP EVENTS PROVIDING EDUCATIONAL SESSIONS, PRODUCT SPECIFIC INDUSTRY GROUP MEETINGS AND NETWORKING EVENTS FOCUS ON ISSUES OF MUTUAL INDUSTRY CONCERNS AND GROWTH OF THE MATERIAL HANDLING INDUSTRY. PRODUCT SPECIFIC INDUSTRY GROUP MEETINGS FOCUS ON STANDARD DEVELOPMENT, AND DEVELOPMENT ON TECHNICAL, SAFETY, AND EDUCATIONAL MATTERS. NOTE THAT THE ANNUAL CONFERENCE WAS SIGNIFICANTLY SCALED BACK AS FAR AS PROGRAMMING IN 2024 DUE TO HURRICANE MILTON HITTING FLORIDA TWO DAYS BEFORE THE CONFERENCE WAS SCHEDULED TO BE HELD IN PERSON. MHI SHIFTED AND HELD INDUSTRY GROUP MEETINGS ONLINE. THE CONFERENCE IS SCHEDULED TO RETURN TO AN IN PERSON EVENT IN 2025. 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 55 0 1 53 1 1 1 0 0 0 0 0 0 0 X 14 13 0 0 1 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NC X GRAY MURRAY 7046761190 8720 RED OAK BLVD CHARLOTTE NC 282173992 JOHN PAXTON CEO 40.00 0.00 X X 598034 0 126211 BRYAN JENSEN CHAIRMAN 2.00 0.00 X X 0 0 0 BRIAN REH PRESIDENT 2.00 0.00 X X 0 0 0 EDDIE MURPHY VICE PRESIDENT 2.00 0.00 X X 0 0 0 CHRIS BECKER DIRECTOR 2.00 0.00 X 0 0 0 ANNETTE DANEK-AKEY DIRECTOR 2.00 0.00 X 0 0 0 JAMES CABOT DIRECTOR 2.00 0.00 X 0 0 0 RICK FOX DIRECTOR 2.00 0.00 X 0 0 0 JASON MINGHINI DIRECTOR 2.00 0.00 X 0 0 0 KEVIN O'NEILL DIRECTOR 2.00 0.00 X 0 0 0 BRIAN C NEUWIRTH DIRECTOR 2.00 0.00 X 0 0 0 KAREN NORHEIM DIRECTOR 2.00 0.00 X 0 0 0 BRETT WOOD DIRECTOR 2.00 0.00 X 0 0 0 ARTHUR H STROYD GENERAL COUNSEL & DIRECTOR 12.00 0.00 X 0 0 0 GRAY MURRAY VP OF FINANCE (FROM 04/2024) 40.00 0.00 X 105992 0 8825 MICHAEL LAURENT VP OF FINANCE (TO 04/2024) 40.00 0.00 X 132689 0 19684 DANIEL MCKINNON CHIEF EXHIBITIONS OFFICER 40.00 0.00 X 384491 0 19788 CHRISTIAN DOW EVP INDUSTRY LEADERSHIP AND WORKFORCE DEVELOPMENT 40.00 0.00 X 320097 0 17233 CHRISTY DULA CHIEF EXPERIENCE AND DIGITAL TECH OFFICER 40.00 0.00 X 346090 0 16575 CAROL MILLER CHIEF MARKETING OFFICER 40.00 0.00 X 292221 0 15890 MICHAEL MIKITKA EVP OF EDUCATION 40.00 0.00 X 276235 0 17413 GREG BAER VP SALES 40.00 0.00 X 389332 0 14842 PAUL TRAINOR EXHIBIT SALES MANAGER 40.00 0.00 X 235765 0 9546 LORETTA BARTER DIRECTOR OF HR 40.00 0.00 X 156730 0 10296 MELISSA AUER SENIOR DIRECTOR OF EXHIBITOR SERVICES 40.00 0.00 X 155362 0 2475 PATRICK DAVISON DIRECTOR OF STANDARDS 40.00 0.00 X 154033 0 10253 3547071 0 289031 23 0 1 0 GLOBAL EXPERIENCE SPECIALISTS INC 7000 LINDELL RD LAS VEGAS NV 89118 EVENT LOGISTICS SERVICES 932689 LAKESHORE AUDIOVISUAL 3912 WEST MCLEAN AVE CHICAGO IL 60647 EVENT AUDIO VISUAL SERVICES 776719 BLUE SKY PRINTING 7326 QUAIL MEADOW LANE CHARLOTTE NC 28210 MARKETING MATERIAL PRINTING 509092 TALEWIND DIGITAL INC 183 STRADBROOK AVE WINNIPEG MB CA R3L0J4 ADVERTISING AND PRODUCTION SERVICES 425625 GEORGIA WORLD CONGRESS CENTER 285 ANDREW YOUNG INTERNATIONAL BLVD ATLANTA GA 30313 CONVENTION CENTER SERVICES 416557 8 TRADE SHOW 900099 24890785 24095376 795409 MEMBERSHIP DUES 900099 3682771 3682771 WERC 900099 1323020 1281983 41037 INDUSTRY GROUPS 900099 586209 586209 INDUSTRY MEETINGS 900099 423300 423300 4220 4220 30910305 421843 421843 1518217 1181918 336299 336299 73293 263006 63738071 63375436 362635 362635 362635 ADVERTISING 541800 420366 420366 OTHER REVENUE 900099 337934 337934 MANAGEMENT FEES 561000 65000 65000 823300 32854382 30476793 1330105 1047484 610452 2697468 4280556 539506 696147 436468 165806 91358 160465 429867 824783 28510 139796 1230675 9440 655868 31281 TRADE SHOW EXPENSES 8766712 COMMITTEE OPERATIONS 1470604 WERC EXPENSE 1375974 INDUSTRY GROUP EXPENSE 477816 276503 25396055 7952589 11901831 241934 2108139 186469 170420 7473 7473 1452230 1663017 20782750 7160450 13779810 13622300 45175394 55874723 149223 132537 203533 170602 69148655 85651042 1736130 1666776 22642763 27349383 3250671 3098384 140231 122681 27769795 32237224 X 41378860 53413818 41378860 53413818 69148655 85651042 7458327 4576631 0 X 0 1 X 1 0 0 1 0 2268905 2268905 14472564 4626118 9846446 2656921 2534332 122589 1384360 1384360 13622300 PREPAID RENT 42133 TENANT SECURITY DEPOSITS 80548 122681 X 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. 1 AMERICAN LOGISTICS AID NETWORK PO BOX 1985 AUBURNDALE FL 33823 260627264 501(C)(3) 205000 0 SUPPORT FOR LOGISTIC SERVICE AID MATERIAL HANDLING EDUCATION FOUNDATION INC 8720 RED OAK BLVD CHARLOTTE NC 28217 251303313 501(C)(3) 312300 0 SCHOLARSHIP PROGRAM QUEEN CITY ROBOTICS ALLIANCE 2102 CAMBRIDGE BELTWAY DRIVE SUITE B CHARLOTTE NC 28273 461843966 501(C)(3) 6000 0 COMPETITION SPONSORSHIP 3 0 PART I, LINE 2: THE BOARD OVERSEES ALL GRANTS TO ENSURE FUNDS ARE USED APPROPRIATELY. X 1 1 X X X X X 0 1 0 JOHN PAXTON CEO 444386 0 142848 0 10800 0 96538 0 29673 0 724245 0 0 0 DANIEL MCKINNON CHIEF EXHIBITIONS OFFICER 293399 0 80292 0 10800 0 16266 0 3522 0 404279 0 0 0 GREG BAER VP SALES 112840 0 276492 0 0 0 13326 0 1516 0 404174 0 0 0 CHRISTY DULA CHIEF EXPERIENCE AND DIGITAL TECH OF 263863 0 71427 0 10800 0 14565 0 2010 0 362665 0 0 0 CHRISTIAN DOW EVP INDUSTRY LEADERSHIP AND WORKFORC 267961 0 41336 0 10800 0 14791 0 2442 0 337330 0 0 0 CAROL MILLER CHIEF MARKETING OFFICER 220116 0 61305 0 10800 0 11598 0 4292 0 308111 0 0 0 MICHAEL MIKITKA EVP OF EDUCATION 251905 0 13530 0 10800 0 13897 0 3516 0 293648 0 0 0 PAUL TRAINOR EXHIBIT SALES MANAGER 84299 0 151466 0 0 0 8204 0 1342 0 245311 0 0 0 LORETTA BARTER DIRECTOR OF HR 133652 0 23078 0 0 0 7377 0 2919 0 167026 0 0 0 PATRICK DAVISON DIRECTOR OF STANDARDS 154033 0 0 0 0 0 7723 0 2530 0 164286 0 0 0 MELISSA AUER SENIOR DIRECTOR OF EXHIBITOR SERVICE 118362 0 37000 0 0 0 1051 0 1424 0 157837 0 0 0 MICHAEL LAURENT VP OF FINANCE (TO 04/2024) 132689 0 0 0 0 0 17514 0 2170 0 152373 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. THE ONLY PERSON WHO RECEIVED THIS NONTAXABLE BENEFIT WAS JOHN PAXTON. PART I, LINE 4B IN 2021, A 457(F) PLAN WAS ESTABLISHED FOR JOHN PAXTON, CEO. ANNUALLY, THE HR COMMITTEE WILL APPROVE AN AMOUNT TO BE CREDITED TO THE PLAN. THE AMOUNT FOR 2024 WAS $80,110. HE WILL BECOME VESTED IN THE PLAN AT THE EARLIEST OF THE FOLLOWING DATES: DEATH, ATTAINMENT OF LONG-TERM DISABILITY, VOLUNTARY TERMINATION AFTER COMPLETION OF AT LEAST 3 YEARS OF TOTAL EMPLOYMENT SERVICE AND REACHING AGE OF 62, OR INVOLUNTARY TERMINATION OF SERVICE BY MHI, FOR A REASON OTHER THAN CAUSE. 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.