Appraisal Institute
- Assets
- $279.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1992
- Data as of
- 12/2022
- EIN
- 59-6141351
Organization Overview
Appraisal Institute is located in Chicago, IL. The organization was established in 1992. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Appraisal Institute is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Appraisal Institute generated $183.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $153.5k during the year ending 12/2022. 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 |
|---|---|---|---|
Charles Badell Mai President | 3 | $0 | |
Lee Smalley Mai Vice President | 2 | $0 | |
Gregory Becker Mai Secretary | 2 | $0 | |
Enrique Casado Maisraaigrsairrs Treasurer | 3 | $0 | |
John Underwood Mai Sra Director | 1 | $0 | |
Geri Armalavage Mai Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,215 |
| Total Program Service Revenue | $108,759 |
| Membership dues | $67,865 |
| Investment income | $2,295 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $183,134 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $77,725 |
| Professional fees and other payments to independent contractors | $1,557 |
| Occupancy, rent, utilities, and maintenance | $5,646 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $68,542 |
| Total expenses | $153,470 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $268,558 |
| Other assets | $0 |
| Total assets | $279,116 |
| Total liabilities | $40,515 |
| Net assets or fund balances | $238,601 |