Appraisal Institute is located in Chicago, IL. The organization was established in 1992. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related 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 $141.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $121.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kelly Fried Mai First Vice President | 2 | $0 | |
Emily Braman Mai Sra Ai-Grs President | 5 | $0 | |
Greg Williams Mai Second Vice President | 0.5 | $0 | |
Aaron Graybill Sra Director | 0.25 | $0 | |
Matthew Mcconnell Mai Ai-Grs Director | 0.25 | $0 | |
Christian Smith Mai Secretary | 0.5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $6,813 |
Total Program Service Revenue | $77,182 |
Membership dues | $57,352 |
Investment income | $139 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $141,486 |
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 | $62,273 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $59,675 |
Total expenses | $121,948 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $180,373 |
Other assets | $0 |
Total assets | $189,994 |
Total liabilities | $45,428 |
Net assets or fund balances | $144,566 |
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