Appraisal Institute
- Assets
- $83.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1992
- Data as of
- 12/2021
- EIN
- 72-1212282
Organization Overview
Appraisal Institute is located in Chicago, IL. The organization was established in 1992. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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 12/2021, Appraisal Institute generated $56.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $46.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
EDUCATION-THEAPPRAISALINSTITUTEPROVIDESACURRICULUMOFCOURSESANDSEMINARSFORRESIDENTIALANDCOMMERCIALREALESTATEAPPRAISAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Russell Mai Sra Ai-Grs President | 3.5 | $0 | |
Woodrow Crochet III Mai Vice President | 0 | $0 | |
Michael Mooring Mai Treasurer | 5 | $0 | |
Lauren Snider Mai Secretary | 0.5 | $0 | |
Janis Bonura Sra Ai-Rrs Past President | 0.25 | $0 | |
Wayne Pugh Mai Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,994 |
| Total Program Service Revenue | $27,271 |
| Membership dues | $25,885 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $56,150 |
| 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 | $27,095 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $18,862 |
| Total expenses | $45,957 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,494 |
| Other assets | $0 |
| Total assets | $82,975 |
| Total liabilities | $13,523 |
| Net assets or fund balances | $69,452 |