Appraisal Institute
- Assets
- $61.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Torrington, CT
- Founding
- 09/1992
- Data as of
- 12/2018
- EIN
- 23-7211571
Organization Overview
Appraisal Institute is located in Torrington, CT. 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 12/2018, Appraisal Institute generated $28.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $31.7k during the year ending 12/2018. 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
2018
Describe the Organization's Program Activity:
Part 3
THE CHAPTER PROVIDES EDUCATIONAL OPPORTUNITIES TO ITS 250+ MEMBERS AND THE ENTIRE REAL ESTATE INDUSTRY. THERE ARE 4 MEETINGS THROUGHOUT THE YEAR. EDUCATIONAL OFFERINGS INCLUDE WEEK-LONG COURSES, DAY-LONG SEMINARS, AND NUMBEROUS WORKSHOPS IN CONJUNCTION WITH THE MONTHLY MEETINGS. ATTENDANCE AT EACH OF THESE OFFERINGS TOTAL FROM 25-50 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin M King Sra Past President | 0 | $0 | |
Christine C Hume Mai Treasurer | 0 | $0 | |
Christina O'connell Mai Secretary | 0 | $0 | |
Donald G Mackay Mai Vice President | 0 | $0 | |
Brendan M Powers Director | 0 | $0 | |
Russell M Barrows President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,581 |
| Total Program Service Revenue | $22,908 |
| Membership dues | $0 |
| Investment income | $627 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $28,116 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $190 |
| Salaries, other compensation, and employee benefits | $5,000 |
| Professional fees and other payments to independent contractors | $1,600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,909 |
| Total expenses | $31,699 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,925 |
| Other assets | $0 |
| Total assets | $61,925 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,925 |