Appraisal Institute
- Assets
- $179.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1992
- Data as of
- 12/2022
- EIN
- 35-1850315
Organization Overview
Appraisal Institute is located in Chicago, IL. The organization was established in 1992. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, 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 $103.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $83.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 4 years. 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 |
|---|---|---|---|
Luke Nordine Mai President | 0.5 | $0 | |
Steve Shockley Maisraai-Grsai-R Vice President | 0.5 | $1,500 | |
Aaron Ingram Mai Sra Secretary Treasurer | 0.5 | $0 | |
Tiamia Reese Sra Ai-Rrs Director | 0.25 | $0 | |
Matt Stephenson Mai Director | 0.25 | $0 | |
Jon Scheidt Sra Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,116 |
| Total Program Service Revenue | $64,704 |
| Membership dues | $31,001 |
| Investment income | $3,144 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $102,965 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,513 |
| Professional fees and other payments to independent contractors | $1,961 |
| Occupancy, rent, utilities, and maintenance | $2,071 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $65,147 |
| Total expenses | $83,692 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $171,951 |
| Other assets | $0 |
| Total assets | $179,633 |
| Total liabilities | $19,653 |
| Net assets or fund balances | $159,980 |