Appraisal Institute
- Assets
- $57.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1992
- Data as of
- 12/2022
- EIN
- 16-6052035
Organization Overview
Appraisal Institute is located in Chicago, IL. The organization was established in 1992. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Appraisal Institute is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Appraisal Institute generated $71.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $65.5k during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
EDUCATION - THE APPRAISAL INSTITUTE PROVIDES A CURRICULUM OF COURSES AND SEMINARS FOR RESIDENTIAL AND COMMERCIAL REAL ESTATE APPRAISAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen V Ferrara Sra President | 1 | $0 | |
Shawn M Riley Mai Vice President | 1 | $0 | |
Thomas P Labelle Mai Ai-Grs Treasurer | 1 | $0 | |
Robert S Chelus Ai-Grs Secretary | 1 | $0 | |
William Beyerbach Mai Sra Director | 1 | $0 | |
Christopher L Harland Mai Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,204 |
| Total Program Service Revenue | $52,056 |
| Membership dues | $17,738 |
| Investment income | $884 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $71,882 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $26,625 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $38,854 |
| Total expenses | $65,479 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,877 |
| Other assets | $0 |
| Total assets | $57,017 |
| Total liabilities | $11,630 |
| Net assets or fund balances | $45,387 |