Appraisal Institute
- Assets
- $10.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- La Vernia, TX
- Founding
- 09/1992
- Data as of
- 12/2018
- EIN
- 74-6062519
Organization Overview
Appraisal Institute is located in La Vernia, TX. The organization was established in 1992. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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 12/2018, Appraisal Institute generated $43.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $48.3k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 4 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
2018
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL SEMINARS AND MEETINGS FOR THE BENEFIT OF THE ORGANIZATIONS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett E Weatherbie President | 1 | $0 | |
Mark C Schulze 1st Vice President | 1 | $0 | |
Carl K Eisenhauer 2nd Vice President | 1 | $0 | |
Mitchell Kirkpatrick Treasurer | 1 | $0 | |
Mario A Caro Secretary | 1 | $0 | |
Sergio A Alvarez Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $27,973 |
| Membership dues | $13,191 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,415 |
| Total Revenue | $43,591 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,440 |
| Professional fees and other payments to independent contractors | $1,975 |
| Occupancy, rent, utilities, and maintenance | $3,250 |
| Printing, publications, postage, and shipping | $50 |
| Other expenses | $29,551 |
| Total expenses | $48,266 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,000 |
| Other assets | $0 |
| Total assets | $10,000 |
| Total liabilities | $139 |
| Net assets or fund balances | $9,861 |