Appraisal Institute
- Assets
- $94.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 09/1992
- Data as of
- 12/2021
- EIN
- 22-3150009
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 $74.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $61.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 6 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 |
|---|---|---|---|
Mary Fox Mai Treasurer | 0.5 | $1,700 | |
Robert M Klein Mai Ai-Grs Director | 0.25 | $0 | |
Michael Descano Mai President | 1 | $0 | |
Joseph V Heenan Mai Sra Vice-President | 0.25 | $0 | |
Sherrie Lisa Galderisi Sra Ai-Rrs Secretary | 0.25 | $0 | |
Charles Mccullough Mai Ai-Grs Past President | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,520 |
| Total Program Service Revenue | $42,895 |
| Membership dues | $9,945 |
| Investment income | $808 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $74,168 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $26,031 |
| Professional fees and other payments to independent contractors | $1,691 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,545 |
| Total expenses | $61,267 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $70,893 |
| Other assets | $0 |
| Total assets | $94,742 |
| Total liabilities | $6,250 |
| Net assets or fund balances | $88,492 |
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