Appraisal Institute
- Assets
- $122.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 09/1992
- Data as of
- 12/2021
- EIN
- 59-6154111
Organization Overview
Appraisal Institute is located in Chicago, IL. The organization was established in 1992. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education 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 $89.3k 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 (4.4%) each year. All expenses for the organization totaled $76.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.0%) 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 |
|---|---|---|---|
Randall Rex Mai President | 5 | $0 | |
Willem Faber Mai Vice President | 1 | $0 | |
Riley Jones Mai Sra Treasurer | 5 | $0 | |
Kristin Soltys Mai Secretary | 1 | $0 | |
Curtis Phillips Mai Director | 1 | $0 | |
Kenneth Terrell Jr Mai Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,609 |
| Total Program Service Revenue | $27,477 |
| Membership dues | $44,333 |
| Investment income | $1,842 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $89,261 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $55,301 |
| Professional fees and other payments to independent contractors | $567 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,947 |
| Total expenses | $76,815 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,671 |
| Other assets | $0 |
| Total assets | $122,437 |
| Total liabilities | $21,303 |
| Net assets or fund balances | $101,134 |
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