Land Title Institute Inc
- Assets
- $474.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/1980
- Data as of
- 12/2023
- EIN
- 52-1189041
Organization Overview
Land Title Institute Inc is located in Washington, DC. The organization was established in 1980. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Land Title Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Land Title Institute Inc generated $28.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $63.5k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
ALTA'S LAND TITLE INSTITUTE (LTI) IS THE EDUCATIONAL SUBSIDIARY OF THE AMERICAN LAND TITLE ASSOCIATION. LTI STARTED WITH ONE CORRESPONDENCE COURSE OVER 30 YEARS AGO AND HAS EVOLVED INTO AN ORGANIZATION WHICH OFFERS COMPREHENSIVE TITLE INDUSTRY TRAINING FOR EVERYONE IN YOUR OPERATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Tomb CEO | 2 | $0 | |
Don Kennedy President | 2 | $0 | |
Richard H Welshons President-Elect | 2 | $0 | |
Tara Smith Treasurer | 2 | $0 | |
Craig Haskins Chair, A&a Section | 2 | $0 | |
Lisa M Steele Chair, Finance Committee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $28,744 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $28,744 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $12,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $51,549 |
| Total expenses | $63,549 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $474,474 |
| Other assets | $0 |
| Total assets | $474,474 |
| Total liabilities | $44,936 |
| Net assets or fund balances | $429,538 |