Appraisal Institute
- Assets
- $155.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 09/1992
- Data as of
- 12/2023
- 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 12/2023, Appraisal Institute generated $154.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $140.2k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
EDUCATION - THE APPRAISAL INSTITUTE PROVIDES A CURRICULUM OF COURSES AND SEMINARS FOR RESIDENTIAL AND COMMERCIAL REAL ESTATE APPRAISAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Faber Mai President | 3 | $0 | |
Riley Jones Mai Sra Vice President | 2 | $0 | |
Ken Terrell Mai Treasurer | 2 | $0 | |
Marco Salas Mai Secretary | 0.25 | $0 | |
Mike Politano Mai Director | 1 | $0 | |
Tim Wagoner Sra Ai-Rrs Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,971 |
| Total Program Service Revenue | $108,165 |
| Membership dues | $41,928 |
| Investment income | $2,177 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $154,241 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $59,188 |
| Professional fees and other payments to independent contractors | $1,498 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $79,526 |
| Total expenses | $140,212 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $150,024 |
| Other assets | $0 |
| Total assets | $155,471 |
| Total liabilities | $15,850 |
| Net assets or fund balances | $139,621 |