Rack Manufacturers Institute

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 251124213 ✦ Charlotte, NC ✦ Designated as a 501(c)(6)

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Overview

What is Rack Manufacturers Institute?

The Rack Manufacturers Institute (RMI) is a nonprofit organization located in Charlotte, North Carolina. Its primary focus is on the safety and growth of the industrial storage rack industry. RMI achieves this objective by conducting research, testing, and preparing specifications and guidelines. Additionally, they provide educational programming and regular meetings to engage with their members and address shared concerns. By promoting safe design and use of industrial storage racks, RMI plays a crucial role in enhancing the efficiency and safety of various industries.


Official website here: www.mhi.org/rmi

Is Rack Manufacturers Institute legitimate?

Rack Manufacturers Institute is a legitimate nonprofit organization registered as a 501(c)(6) entity. Rack Manufacturers Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mhi.org/rmi

What is the mission statement of Rack Manufacturers Institute?

The Rack Manufacturers Institute (RMI) is dedicated to promoting the safe design and utilization of industrial storage racks. They accomplish this through various means, including research, testing, the creation of specifications and guidelines, educational programming, and regular meetings. RMI's primary goal is to ensure the safety and effectiveness of industrial storage racks, thereby contributing to the growth of the material handling industry. They achieve this by conducting meetings focused on mutual concerns and the advancement of the industry.


Official website here: www.mhi.org/rmi

Who is the CEO of Rack Manufacturers Institute?

Paul Neal is the President of Rack Manufacturers Institute.


Official website here: www.mhi.org/rmi

What is the revenue of Rack Manufacturers Institute?

Rack Manufacturers Institute's revenue in 2022 was $330,045.


Official website here: www.mhi.org/rmi

Who are the executives of Rack Manufacturers Institute and what are their salaries?


Here are 4 key members and their salaries:


Paul Neal (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tommy Sinclair (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Schmidt (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anna Harreveld (Treasurer And Managing Executive)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mhi.org/rmi

Where can I find the form 990 for Rack Manufacturers Institute?

Rack Manufacturers Institute's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mhi.org/rmi

Learn more at the official website: www.mhi.org/rmi

Mission Statement of Rack Manufacturers Institute

The Rack Manufacturers Institute (RMI) is committed to ensuring the safe design and utilization of industrial storage racks. They accomplish this through various means, including conducting research, performing tests, and preparing specifications and guidelines. Furthermore, RMI is dedicated to providing educational programming and hosting meetings to address issues that impact the growth of the material handling industry. By doing so, RMI plays a significant role in promoting the safe and responsible use of industrial storage racks.

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Impact




October, 2024

The Rack Manufacturers Institute (RMI) significantly impacts the industrial storage rack sector by establishing standards for safety and design practices. Through dedicated research and rigorous testing, RMI ensures that storage racks meet high safety specifications, which protects both workers and products. Their efforts culminate in comprehensive guidelines that serve as essential resources for manufacturers and users alike.

RMI conducts regular membership meetings, fostering collaboration and addressing shared challenges within the rack material handling industry. These gatherings promote growth and innovation, enabling members to align on critical issues and share best practices. Additionally, RMI's educational programming equips stakeholders with the knowledge necessary to implement safe and effective storage solutions.

By advancing standards and enhancing awareness, RMI contributes to community improvement, ensuring that industrial storage systems are not only efficient but also safe for all users. Their commitment to excellence solidifies their role as a leader in promoting responsible practices in the storage industry.




This information is meant to be a general summary of Rack Manufacturers Institute. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$330,045 (2022)
Expenses
$246,414 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $288,635
  • Gross Receipts: $330,045

Assets and Liabilities:

  • Total Assets: $835,273
  • Total Liabilities: $87,563
  • Net Assets: $747,710

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Membership dues

Revenue

$242,400

R-Mark certifications

Revenue

$46,235

Organization Details

Founding Year

1959

Principal Officer

Paul Neal

Main Address

8720 Red Oak Blvd Ste 201, Charlotte, NC, 28217

NTEE Category

Code: S41 - Community improvement

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