Mission
RMI promotes the safe design and use of industrial storage racks through research testing preparation of specifications and guidelines educational programming and meetings.
Public Charity
RACK MANUFACTURERS INSTITUTE
RACK MANUFACTURERS INSTITUTE is a Public Charity headquartered in CHARLOTTE, NC. Financial data from the 2025 filing: $490K revenue, $290K expenses, $1.2M total assets. IRS filings disclose 7 grants awarded by this foundation, totaling roughly $163K.
EIN: 251124213
CHARLOTTE, NC
Latest filing: 2025
Total Revenue$490K
Total Expenses$290K
Total Assets$1.2M
Grants Given7
Grant Total$163K
Filing Years2021–2025
Where $100 goes at Rack Manufacturers Institute
How Rack Manufacturers Institute divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$100
Membership Meetings
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
Scholarship assistance for students studying material handling and related subject matter in secondary education.
$28,860
University Scholarship Program
$31,500
Hurricane Helene Disaster Relief
$10,000
University Scholarship Program
$24,770
University Scholarship Program
$24,046
Showing up to 5 of 7 total records — full history available with membership.
Officers & Directors
Treasurer and Managing Executive
Anna Teter
Secretary
Brian Pfannes
President
John Schmidt
Vice President
Tommy Sinclair
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $490K | $290K | $1.2M |
| 2024 | $323K | $263K | $970K |
| 2023 | $261K | $222K | $1.0M |
| 2022 | $330K | $246K | $835K |
| 2021 | $389K | $205K | $764K |
Between 2021 and 2025, reported annual revenue grew from $389K to $490K (+26%), with total assets most recently reported at $1.2M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in IA, NC.
IANC
Full geographic grant map with state-by-state breakdown available with membership.