Appraisal Institute
- Assets
- $247.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1992
- Data as of
- 12/2021
- 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)(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 $124.2k 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 (8.5%) each year. All expenses for the organization totaled $111.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.7%) 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 |
|---|---|---|---|
Vincent Dowling Mai Director | 1 | $850 | |
Robert Mesner Mai Ai-Grs President | 3 | $0 | |
John Underwood Mai Sra Director | 1 | $0 | |
Eric Wit Mai Sra Ai-Grs Ai-Rrs Director | 1 | $0 | |
Matthew Roach Mai Director | 1 | $0 | |
Jose Cestero Mai Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,740 |
| Total Program Service Revenue | $43,447 |
| Membership dues | $71,154 |
| Investment income | $854 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $124,195 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $75,687 |
| Professional fees and other payments to independent contractors | $2,367 |
| Occupancy, rent, utilities, and maintenance | $5,304 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,631 |
| Total expenses | $110,989 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $229,026 |
| Other assets | $0 |
| Total assets | $247,246 |
| Total liabilities | $33,876 |
| Net assets or fund balances | $213,370 |
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