Appraisal Institute
- Assets
- $105.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1992
- Data as of
- 12/2021
- EIN
- 63-0517060
Organization Overview
Appraisal Institute is located in Chicago, IL. The organization was established in 1992. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, 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 $89.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $79.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Pettey Jr Mai Director | 0 | $0 | |
John Evans Mai Director | 0 | $0 | |
Scott Lakas Mai Director | 0 | $0 | |
Hayden Scott Mai Vice President | 0 | $0 | |
Rusty Rich Mai Treasurer | 2 | $0 | |
Michael Brooks Mai Sra Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,089 |
| Total Program Service Revenue | $43,445 |
| Membership dues | $40,846 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $89,380 |
| 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 | $40,622 |
| Occupancy, rent, utilities, and maintenance | $50 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $39,003 |
| Total expenses | $79,675 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $102,059 |
| Other assets | $0 |
| Total assets | $105,255 |
| Total liabilities | $22,070 |
| Net assets or fund balances | $83,185 |
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|---|---|---|
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Highlands 501c 25 Inc Chicago, IL | $44,455,397 | $4,360,723 |
Sdc Clifton Commons Inc Chicago, IL | $61,522,059 | $4,418,653 |
Imh Realty Corporation Franklin, IN | $84,073,233 | $0 |
Pera Urban West Corp Chicago, IL | $39,397,546 | $4,020,273 |