APPRAISAL INSTITUTE: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- APPRAISAL INSTITUTE (EIN 36-3739643)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202403199349315945
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule B
- Schedule C
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T17:11:06-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2021 SPRING ROAD SUITE 200 | AddressLine1Txt |
| City | OAK BROOK | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60523 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363739643 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | APPRAISAL INSTITUTE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | APPR | BusinessNameControlTxt |
| Phone | 3123354100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 WEST MADISON 2000 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN UDELHOFEN | PersonNm |
| Person Title | ACTING CEO | PersonTitleTxt |
| Phone | 3123354100 | PhoneNum |
| Signature | 2024-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ASHLEY BARSEMA | PreparerPersonNm |
| PTIN | P01332786 | PTIN |
| Phone | 6305738600 | PhoneNum |
| Preparation | 2024-11-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN UDELHOFEN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 WEST MADISON 2000 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $21,693,171 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.APPRAISALINSTITUTE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1991 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | OUR MISSION IS TO EMPOWER VALUATION PROFESSIONALS THROUGH COMMUNITY, CREDENTIALING, EDUCATION, BODY OF KNOWLEDGE AND ETHICAL STANDARDS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 25 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 21 | VotingMembersIndependentCnt |
| Total Employee | 105 | TotalEmployeeCnt |
| Total Volunteers | 197 | TotalVolunteersCnt |
| Total Gross UBI | $76,000 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $8,608 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,132,500 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,480,930 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $18,865,627 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $17,416,683 | CYProgramServiceRevenueAmt |
| PY Investment Income | $541,047 | PYInvestmentIncomeAmt |
| CY Investment Income | $606,670 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,595,166 | PYOtherRevenueAmt |
| CY Other Revenue | $408,415 | CYOtherRevenueAmt |
| PY Total Revenue | $23,134,340 | PYTotalRevenueAmt |
| CY Total Revenue | $19,912,698 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $512,945 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $350,575 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $10,878,124 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $11,714,656 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $8,885,457 | PYOtherExpensesAmt |
| CY Other Expenses | $8,938,652 | CYOtherExpensesAmt |
| PY Total Expenses | $20,276,526 | PYTotalExpensesAmt |
| CY Total Expenses | $21,003,883 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,857,814 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,091,185 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $30,942,389 | TotalAssetsBOYAmt |
| Total Assets EOY | $32,179,969 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $15,316,877 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $16,403,674 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $15,625,512 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $15,776,295 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | OUR MISSION IS TO EMPOWER VALUATION PROFESSIONALS THROUGH COMMUNITY, CREDENTIALING, EDUCATION, BODY OF KNOWLEDGE AND ETHICAL STANDARDS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | TOTAL MEMBERSHIP AS OF DECEMBER 31, 2023 WAS NEARLY 16,000, INCLUDING ACTIVE DESIGNATED MEMBERS, CANDIDATES FOR DESIGNATION, PRACTICING AFFILIATES AND AFFILIATES, AS WELL AS RETIRED DESIGNATED MEMBERS AND LIFE DESIGNATED MEMBERS. THE APPRAISAL INSTITUTE CONFERS THE MAI, SRA, AI-GRS AND AI-RRS MEMBERSHIP DESIGNATIONS, THE REQUIREMENTS FOR WHICH ARE RIGOROUS. EACH MEMBER OF THE APPRAISAL INSTITUTE SHALL ABIDE BY, UPHOLD AND CONFORM THEIR ACTIONS TO THE BYLAWS, REGULATIONS, CODE OF PROFESSIONAL ETHICS AND STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE OF THE APPRAISAL INSTITUTE. THE ORGANIZATION LED THE PROFESSION IN FOSTERING AND PROMOTING THE HIGHEST STANDARDS OF PRACTICE THROUGH ITS DESIGNATION PROGRAMS, PEER REVIEW PROCESS, EDUCATION, RESEARCH, AND PUBLISHING ENDEAVORS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | AS THE LEADER IN REAL PROPERTY APPRAISER EDUCATION, THE APPRAISAL INSTITUTE OFFERS AN EXTENSIVE CURRICULUM OF INTRODUCTORY AND ADVANCED COURSES, AS WELL AS A WIDE RANGE OF SEMINARS ON SPECIALTY TOPICS. THESE PROGRAMS ARE DESIGNED TO ADDRESS THE NEEDS OF ALL REAL ESTATE APPRAISERS, RANGING FROM THOSE JUST ENTERING THE PROFESSION AND EARNING CREDIT TOWARD STATE LICENSING OR CERTIFICATION, TO SEASONED PRACTITIONERS WHO WISH TO KEEP ABREAST OF THE LATEST TECHNIQUES AND DEVELOPMENTS. MANY OF THESE PROGRAMS ALSO SERVE TO HELP OTHER INDUSTRY PROFESSIONALS GAIN FURTHER INSIGHT AND UNDERSTANDING OF REAL ESTATE VALUATION TECHNIQUES AND PROCESSES. IN 2023, THE APPRAISAL INSTITUTE SERVED OVER 22,000 STUDENTS THROUGH MORE THAN 1,200 COURSES AND SEMINARS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | THE APPRAISAL INSTITUTE IS THE WORLD'S LARGEST PUBLISHER OF REAL ESTATE APPRAISAL LITERATURE. IN ADDITION TO A SERIES OF GENERAL REFERENCE BOOKS, EVERY YEAR THE APPRAISAL INSTITUTE ADDS TO ITS EXTENSIVE LIST OF PUBLICATIONS (INCLUDING DIGITAL PUBLICATIONS), COVERING CONTEMPORARY PRACTICE ISSUES, ADVANCES IN METHODOLOGY AND TECHNOLOGY, AND THE VALUATION OF A WIDE RANGE OF SPECIAL PURPOSE PROPERTIES. IN 2023, THE APPRAISAL INSTITUTE SOLD OVER 8,000 BOOKS. THE APPRAISAL INSTITUTE ALSO PUBLISHES THE APPRAISAL JOURNAL, VALUATION MAGAZINE AND APPRAISER NEWS ONLINE. THE PEER-REVIEWED JOURNAL HAS SERVED AS THE TOP FORUM FOR APPRAISAL PROFESSIONALS AND HAS BECOME THE MOST FREQUENTLY REFERENCED PERIODICAL IN APPRAISAL LITERATURE. VALUATION MAGAZINE FOCUSES ON INNOVATIVE FEATURES AND PRACTICAL IDEAS. APPRAISER NEWS ONLINE KEEPS APPRAISERS ABREAST OF INDUSTRY TRENDS AS WELL AS LEGISLATIVE AND REGULATORY MATTERS IMPACTING APPRAISERS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 312 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 105 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 25 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 21 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELIZABETH KRAMER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3123354100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 WEST MADISON SUITE 2000 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (34 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| ALBERT W FRANKE III MAI SRA | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ALLEN W GARDINER MAI SRA | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DALE C COOPER MAISRAAI-GRSAI-RRS | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DARWIN R ERNST SRA AI-RRS | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DONALD S BOUCHER SR SRA | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| HEATHER PLACER MULL MAI SRA | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JACINTO A MUNOZ JR MAI SRA AI-GRS | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JASON L MESSNER MAI | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSHUA D GARRETSON MAIAI-GRSAI-RRS | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| LINDEL D SCHULZE MAI AI-GRS | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MARK E VERRETT SRA | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MATTHEW S MYERS MAI | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL HINNANT SRA | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL V TANKERSLEY MAISRA AI-GRS | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| REGINALD M CARTER MAI SRA | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT J VODINELIC MAI | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT R ELLIOTT JR MAI SRA | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SMEDMORE MONTGOMERY BERNARD JR MAI | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| TINA A MINDEMANN SRA AI-RRS | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| TONIA VAILAS MAI AI-GRS | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| WESLEY R SANDERS MAI AI-GRS | |||||||||
| DIRECTOR | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CRAIG STEINLEY MAISRAAI-GRSAI-RRS | |||||||||
| PRESIDENT | 40.00 | 0.00 | $152,400 | $0 | $0 | Yes (X) | |||
| SANDRA K ADOMATIS SRA | |||||||||
| PRESIDENT ELECT | 20.00 | 0.00 | $108,083 | $0 | $0 | Yes (X) | |||
| PAULA K KONIKOFF MAI AI-GRS | |||||||||
| VICE PRESIDENT | 20.00 | 0.00 | $97,400 | $0 | $0 | Yes (X) | |||
| PLEDGER M BISHOP III MAISRAAI-GRS | |||||||||
| IMMEDIATE PAST PRESIDENT | 20.00 | 0.00 | $108,525 | $0 | $0 | Yes (X) | |||
| CYNTHIA CHANCE | |||||||||
| CEO | 50.00 | 1.00 | $204,458 | $0 | $3,937 | Yes (X) | |||
| JAMES AMORIN MAI SRA AI-GRS | |||||||||
| CEO (THROUGH FEB 2023) | 50.00 | 1.00 | $150,532 | $0 | $8,190 | Yes (X) | |||
| BEATA E SWACHA CPA CAE | |||||||||
| CFO (THROUGH SEP 2023) | 50.00 | 1.00 | $397,181 | $0 | $28,451 | Yes (X) | |||
| EVAN R WILLIAMS CAE IOM | |||||||||
| DIRECTOR, PROFESSIONAL SERVICES & RESOURCES | 45.00 | 0.00 | $201,046 | $0 | $29,058 | Yes (X) | |||
| JEFFREY E LISKAR ESQUIRE | |||||||||
| GENERAL COUNSEL | 40.00 | 0.00 | $339,393 | $0 | $36,824 | Yes (X) | |||
| WILLIAM E GARBER JR | |||||||||
| DIRECTOR, GOVERNMENT RELATIONS | 45.00 | 0.00 | $251,947 | $0 | $15,479 | Yes (X) | |||
| STEPHEN WAGNER MAI SRA AI-GRS | |||||||||
| DIRECTOR, ETHICS & STANDARDS | 37.50 | 0.00 | $175,648 | $0 | $16,314 | Yes (X) | |||
| HEIDI KORTHASE | |||||||||
| DIRECTOR, INFORMATION TECHNOLOGY | 55.00 | 0.00 | $172,757 | $0 | $27,291 | Yes (X) | |||
| CHRISTINA MITAKIS | |||||||||
| ASSOCIATE GENERAL COUNSEL | 40.00 | 1.00 | $175,726 | $0 | $14,958 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,535,096 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $180,502 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 31 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SANDSTORM DESIGN INC | |||||
| 4422 N RAVENSWOOD AVE 50 | CHICAGO | IL | 60640 | PROFESSIONAL SERVICES | $201,675 |
| KORN FERRY | |||||
| NW 5854 PO BOX 1450 | MINNEAPOLIS | MN | 554855854 | PROFESSIONAL SERVICES | $176,335 |
| MYRA WITHERS PITTS | |||||
| 2405 WILLINGHURST DRIVE | GERMANTOWN | TN | 38139 | PROFESSIONAL SERVICES | $135,925 |
| AMC - ASSOCIATION MANAGEMENT CONSULTANTS | |||||
| 1321 ANTOINE DRIVE | HOUSTON | TX | 77055 | PROFESSIONAL SERVICES | $129,260 |
| PROJECTIFY IT SERVICES LLC | |||||
| 660 E BELMONT AVE | ADDISON | IL | 60101 | CONSULTING FEES | $129,200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $5,000 | RelatedOrganizationsAmt |
| All Other Contributions | $1,475,930 | AllOtherContributionsAmt |
| Total Contributions | $1,480,930 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MEMBERSHIP DUES & FEES | 541900 | $11,078,911 | $11,078,911 |
| EDUCATION & REGISTRATION FEES | 611600 | $4,859,804 | $4,859,804 |
| PUBLICATION SALES | 513130 | $672,576 | $672,576 |
| OTHER | 900099 | $468,045 | $468,045 |
| ADMISSION & GRADING FEES | 611600 | $254,950 | $254,950 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $82,397 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,397 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $76,000 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $17,416,683 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $611,605 | TotalRevenueColumnAmt |
| Exclusion | $611,605 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $185,717 | TotalRevenueColumnAmt |
| Exclusion | $185,717 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,775,538 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,780,473 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$4,935 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$4,935 | TotalRevenueColumnAmt |
| Exclusion | -$4,935 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| ADMINISTRATIVE FEES | 561000 | $222,852 | $222,852 |
| OTHER REVENUE | 900099 | -$154 | -$154 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $222,698 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,912,698 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $17,340,683 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $76,000 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,015,085 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $350,575 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,635,376 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,199,532 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $362,179 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $830,070 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $687,499 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $202,787 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,881 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,207 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,000 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,168,117 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $452,241 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $454,067 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $863,972 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174,452 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $863,721 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $587,118 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,199,330 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $704,105 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $241,920 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| EDUCATION CERTIFICATION | $733,571 |
| CREDIT CARD FEES | $337,934 |
| GAIN/LOSS ON ASSET DISP | $318,189 |
| ONLINE REVENUE SHARING | $145,547 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $325,493 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,003,883 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,860,555 | BOYAmt |
| EOY | $5,209,301 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $157,289 | BOYAmt |
| EOY | $324,501 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,213 | BOYAmt |
| EOY | $80,773 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $196,325 | BOYAmt |
| EOY | $172,972 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $6,193,863 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,641,891 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,237,734 | BOYAmt |
| EOY | $4,551,972 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,965,640 | BOYAmt |
| EOY | $18,136,368 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,420,633 | BOYAmt |
| EOY | $3,704,082 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,942,389 | BOYAmt |
| EOY | $32,179,969 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,299,488 | BOYAmt |
| EOY | $2,003,181 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,828,264 | BOYAmt |
| EOY | $5,917,516 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,460,455 | BOYAmt |
| EOY | $4,220,216 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,728,670 | BOYAmt |
| EOY | $4,262,761 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,316,877 | BOYAmt |
| EOY | $16,403,674 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,574,730 | BOYAmt |
| EOY | $13,132,325 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,050,782 | BOYAmt |
| EOY | $2,643,970 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,625,512 | BOYAmt |
| EOY | $15,776,295 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,942,389 | BOYAmt |
| EOY | $32,179,969 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,091,185 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $896,956 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $345,012 | DonatedServicesAndUseFcltsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | APPRAISAL INSTITUTE PAC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 W MADISON STREET STE 2000 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363739643 | EIN |
| Contributions Rcvd Dlvr | $66,210 | ContributionsRcvdDlvrAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | 0 | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | 0 | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | Yes (1) | AgreeCarryoverPriorYearInd |
| Dues Assessments | $11,078,911 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $493,900 | NonDeductibleLbbyngPltclCYAmt |
| Non Ded Lbbyng Pltcl Cyov | -$235,194 | NonDedLbbyngPltclCyovAmt |
| Non Deductible Lbbyng Pltcl Tot | $258,706 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $639,281 | AggregateReportedDuesNtcAmt |
| Taxable | -$380,575 | TaxableAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE C, PART I-C, LINE 5 | APPRAISAL INSTITUTE PAC (AI PAC) PROVIDES A MEANS FOR DESIGNATED MEMBERS, CANDIDATES, AND PRACTICING AFFILIATES TO PARTICIPATE IN THE POLITICAL PROCESS ON A NATIONAL LEVEL. CONTRIBUTIONS CAN BE MADE BY INDIVIDUAL DESIGNATED MEMBERS, CANDIDATES, AND PRACTICING AFFILIATES OF THE APPRAISAL INSTITUTE AND THEIR FAMILIES, AS WELL AS BY APPRAISAL INSTITUTE EMPLOYEES. CONTRIBUTIONS FROM AI PAC SUPPORT THE PRIMARY AND GENERAL ELECTION CAMPAIGN EFFORTS OF CANDIDATES FOR THE U.S. CONGRESS WHO SUPPORT AND PROMOTE THE PRINCIPLES OF THE APPRAISAL PROFESSION. AI PAC DOES NOT CONTRIBUTE TO POLITICAL PARTIES, TO PRESIDENTIAL CANDIDATES, OR TO LEADERSHIP POLITICAL ACTION COMMITTEES. |
| PART I-A, LINE 1 | ADMINISTRATIVE COSTS OF THE PAC ARE PAID DIRECTLY BY AI PAC. |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | Yes (1) | AgentTrusteeEtcInd |
| Beginning Balance | $5,186,845 | BeginningBalanceAmt |
| Distributions During Year | $773,221 | DistributionsDuringYearAmt |
| Ending Balance | $4,413,624 | EndingBalanceAmt |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,616,855 | OtherCostOrOtherBasisAmt |
| Depreciation | $30,850 | DepreciationAmt |
| Book Value | $1,586,005 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $775,001 | OtherCostOrOtherBasisAmt |
| Depreciation | $267,312 | DepreciationAmt |
| Book Value | $507,689 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,802,007 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,343,729 | DepreciationAmt |
| Book Value | $2,458,278 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,551,972 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| RIGHT OF USE ASSET | $1,597,167 |
| OTHER ASSETS | $2,106,915 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $3,704,082 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| 457B PLAN LIABILITY | $490,729 |
| DUE TO CHAPTERS AND REGIONS | $576,744 |
| LEASE LIABILITY | $3,195,288 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,262,761 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 1B: | AS OF DECEMBER 31, 2023, ALL OF THE INSTITUTE'S 66 CHAPTERS' BANK ACCOUNTS ARE MANAGED UNDER THE INSTITUTE'S TAX ID NUMBER TO ENABLE CENTRAL PAYMENT PROCESSING, ACCOUNTING AND ENHANCED INTERNAL CONTROLS. THE CHAPTERS FILE SEPARATE FORM 990S IN WHICH THEY REPORT THEIR OWN FINANCIAL ACTIVITIES, INCLUSIVE OF THESE ASSETS. THE CHAPTERS' BOARD OF DIRECTORS MAINTAINS FULL DECISION MAKING AUTHORITY ON USE OF ASSETS. THE APPRAISAL INSTITUTE'S BALANCE SHEET DOES NOT INCLUDE AN ASSET OR LIABILITY FOR THESE AMOUNTS. |
| PART IV, LINE 2B: | AS OF DECEMBER 31, 2023, 40 OF THE INSTITUTE'S 66 CHAPTERS' INVESTED FUNDS INTO THE INSTITUTES RESERVE PORTFOLIO. THE APPRAISAL INSTITUTE'S BALANCE SHEET INCLUDES AN ASSET AND LIABILITY FOR THESE AMOUNTS. |
| PART X, LINE 2: | THE INSTITUTE IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND, EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. INCOME TAX (CREDIT) EXPENSE FOR UNRELATED BUSINESS INCOME TAXES WAS $-0- FOR THE YEARS ENDING DECEMBER 31, 2023 AND 2022, RESPECTIVELY. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE INSTITUTE AND RECOGNIZE A TAX LIABILITY IF THE INSTITUTE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE INSTITUTE AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES | EDUCATION, MEMBER SERVICES & ADVANCEMENT OF THE PROFESSION | $1,234 |
| EUROPE | 0 | 0 | PROGRAM SERVICES | MEMBER SERVICES & ADVANCEMENT OF THE PROFESSION | $70,264 |
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | EDUCATION, MEMBER SERVICES & ADVANCEMENT OF THE PROFESSION | $25,645 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $97,143 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $97,143 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3: | FormAndLineReferenceDesc |
| Explanation | TO ACHIEVE GLOBAL UNIFORMITY IN PROFESSIONAL STANDARDS AND ETHICAL PRACTICES, APPRAISAL INSTITUTE OFFERS CONTINUING EDUCATION AND DESIGNATION PROGRAMS OUTSIDE THE UNITED STATES. EXPENDITURES ARE RECORDED USING THE ACCRUAL METHOD AND IN U.S. DOLLARS. ALL EXPENSES ARE RECOGNIZED AS INCURRED BY THE PROGRAM. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | APPRAISER DIVERSITY INITIATIVE PROGRAM SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 397 | RecipientCnt |
| Non Cash Assistance | $350,575 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | SUPPORT FOR EDUCATION ENROLLMENT AND MATERIALS | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE APPRAISAL INSTITUTE, IN COLLABORATION WITH FANNIE MAE FREDDIE MAC, AND THE NATIONAL URBAN LEAGUE, LAUNCHED AN APPRAISER DIVERSITY INITIATIVE (ADI). THE INITIATIVE IS INTENDED TO ATTRACT NEW ENTRANTS TO THE RESIDENTIAL APPRAISAL FIELD, OVERCOME BARRIERS TO ENTRY AND FOSTER DIVERSITY. ADI SCHOLARSHIP RECIPIENTS RECEIVE GRANTS TO COVER EDUCATION, PUBLICATIONS, MATERIALS, AND NETWORKING EVENTS ALL OF WHICH HELP CANDIDATES PURSUE BECOMING AN APPRAISER. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BEATA E SWACHA CPA CAE | ||||||||||||||
| CFO (THROUGH SEP 2023) | $376,681 | $0 | $0 | $0 | $20,500 | $0 | $15,015 | $0 | $13,436 | $0 | $425,632 | $0 | $0 | $0 |
| JEFFREY E LISKAR ESQUIRE | ||||||||||||||
| GENERAL COUNSEL | $314,543 | $0 | $4,350 | $0 | $20,500 | $0 | $15,831 | $0 | $20,993 | $0 | $376,217 | $0 | $0 | $0 |
| WILLIAM E GARBER JR | ||||||||||||||
| DIRECTOR, GOVERNMENT RELATIONS | $238,307 | $0 | $6,500 | $0 | $7,140 | $0 | $11,999 | $0 | $3,480 | $0 | $267,426 | $0 | $0 | $0 |
| EVAN R WILLIAMS CAE IOM | ||||||||||||||
| DIRECTOR, PROFESSIONAL SERVICES & RE | $189,403 | $0 | $5,500 | $0 | $6,143 | $0 | $10,687 | $0 | $18,371 | $0 | $230,104 | $0 | $0 | $0 |
| CYNTHIA CHANCE | ||||||||||||||
| CEO | $164,458 | $0 | $40,000 | $0 | $0 | $0 | $0 | $0 | $3,937 | $0 | $208,395 | $0 | $0 | $0 |
| HEIDI KORTHASE | ||||||||||||||
| DIRECTOR, INFORMATION TECHNOLOGY | $166,757 | $0 | $6,000 | $0 | $0 | $0 | $8,920 | $0 | $18,371 | $0 | $200,048 | $0 | $0 | $0 |
| STEPHEN WAGNER MAI SRA AI-GRS | ||||||||||||||
| DIRECTOR, ETHICS & STANDARDS | $165,938 | $0 | $9,710 | $0 | $0 | $0 | $3,652 | $0 | $12,662 | $0 | $191,962 | $0 | $0 | $0 |
| CHRISTINA MITAKIS | ||||||||||||||
| ASSOCIATE GENERAL COUNSEL | $172,626 | $0 | $3,100 | $0 | $0 | $0 | $8,894 | $0 | $6,064 | $0 | $190,684 | $0 | $0 | $0 |
| JAMES AMORIN MAI SRA AI-GRS | ||||||||||||||
| CEO (THROUGH FEB 2023) | $119,672 | $0 | $28,086 | $0 | $2,774 | $0 | $7,396 | $0 | $794 | $0 | $158,722 | $0 | $0 | $0 |
| CRAIG STEINLEY MAISRAAI-GRSAI-RRS | ||||||||||||||
| PRESIDENT | $152,400 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $152,400 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | IN ACCORDANCE WITH IRS GUIDELINES, SPOUSE EXPENSES FOR TRAVEL, MEALS, AND LODGING ARE GENERALLY NOT REIMBURSABLE UNLESS THERE IS AN OFFICIAL BUSINESS PURPOSE FOR THE PRESENCE OF A SPOUSE. THE EXECUTIVE COMMITTEE MEMBERS MAY TRAVEL WITH THEIR SPOUSES TO MEETINGS OF THE BOARD OF DIRECTORS, INSTITUTE ANNUAL CONFERENCE AND OTHER AUTHORIZED MEETINGS IN WHICH THE INSTITUTE PARTICIPATES. ORDINARY AND NECESSARY TRAVEL EXPENSES FOR SPOUSES ATTENDING SUCH MEETINGS MAY BE REIMBURSED BY THE INSTITUTE WHEN THAT TRAVEL IS IN CONJUNCTION WITH AN APPROPRIATE BUSINESS PURPOSE, EXCEPT FOR INTERNATIONAL TRAVEL OUTSIDE OF CANADA. OFFICERS MAY ELECT TO COVER THE COST OF SPOUSE TRAVEL TO MEETINGS WITH FUNDS FROM THE OFFICERS POOLED TRAVEL BUDGET. SPOUSE TRAVEL EXPENSES WILL BE REPORTED TO THE EXECUTIVE COMMITTEE MEMBER IN ACCORDANCE WITH IRS REQUIREMENTS. |
| PART I, LINE 3 | THE HIGHEST-LEVEL APPRAISAL INSTITUTE HR STAFF SHALL SUPPORT THE AUDIT COMMITTEE IN PERFORMING COMPENSATION BENCHMARKING RESPONSIBILITIES AS LONG AS THEY ARE NOT ONE OF THE POSITIONS BEING REVIEWED BY THE COMMITTEE ("HR STAFF"). WORKING WITH THE HR STAFF, THE COMMITTEE SHALL ESTABLISH APPROPRIATE PROCEDURES TO SELECT AN OUTSIDE COMPENSATION CONSULTANT FOLLOWING THE APPRAISAL INSTITUTE CONTRACT APPROVAL POLICY. THE COMMITTEE SHALL RECOMMEND FOR BOARD OF DIRECTORS' APPROVAL THE COMPENSATION CONSULTANT TO BE ENGAGED BY THE ORGANIZATION. PENDING BUDGETARY APPROVAL BY THE BOARD OF DIRECTORS, AT LEAST EVERY FIVE YEARS, A COMPENSATION STUDY SHALL BE PERFORMED BY AN OUTSIDE COMPENSATION CONSULTANT FOR POSITIONS UNDER THE PURVIEW OF THIS COMMITTEE. IF THE APPRAISAL INSTITUTE DOES NOT HAVE AN APPLICABLE COMPENSATION STUDY, THE COMMITTEE SHALL EVALUATE A MINIMUM OF TWO THIRD-PARTY SURVEYS TO ESTABLISH COMPENSATION REASONABLENESS FOR SIMILAR POSITIONS WITHIN ORGANIZATIONS OF SIMILAR REVENUE. THE COMMITTEE IS TO ASSESS THE REASONABLENESS OF THE COMPENSATION STUDY OR SALARY SURVEYS RELATING TO THE POSITIONS WITHIN THE COMMITTEE'S BENCHMARKING FUNCTION PURVIEW AND VALIDITY/APPROPRIATENESS OF SURVEYS UTILIZED TO ESTABLISH REASONABLE COMPENSATION THRESHOLDS. THE COMMITTEE SHALL ESTABLISH THE RANGE OF REASONABLE COMPENSATION FOR EACH OF THE POSITIONS WITHIN ITS BENCHMARKING FUNCTION PURVIEW AND APPROVE ADJUSTMENTS TO THE RANGES ANNUALLY, IF ANY. BEFORE ANY ANNUAL MERIT INCREASES ARE AWARDED TO POSITIONS WITHIN THE COMMITTEE'S PURVIEW, THE COMMITTEE SHALL COMPARE PROPOSED INCREASES TO REPORTABLE AND OTHER COMPENSATION AS DEFINED IN SCHEDULE J OF THE IRS FORM 990 TO THE BENCHMARKS FOR EACH SUCH POSITION TO ENSURE THAT COMPENSATION IS REASONABLE. THE COMMITTEE SHALL PROVIDE ITS DETERMINATIONS OF THE RANGE OF REASONABLE COMPENSATION AND THE REASONABLENESS OF COMPENSATION FOR THE CEO TO THE COMPENSATION COMMITTEE, THE RANGE OF REASONABLE COMPENSATION AND THE REASONABLENESS OF COMPENSATION FOR THE KEY EMPLOYEES TO THE CEO, AND THE RANGE OF REASONABLE COMPENSATION AND THE REASONABLENESS OF COMPENSATION FOR THE OFFICERS TO THE BOARD OF DIRECTORS. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE APPRAISAL INSTITUTE SHALL HAVE TWO (2) CATEGORIES OF MEMBERS: DESIGNATED MEMBERS AND HONORARY MEMBERS. A DESIGNATED MEMBER IS AN INDIVIDUAL WHO HOLDS AN APPRAISAL INSTITUTE DESIGNATION. AN HONORARY MEMBER IS AN INDIVIDUAL WHO, IN THE OPINION OF THE BOARD OF DIRECTORS, HAS MADE A SIGNIFICANT CONTRIBUTION TO THE APPRAISAL PROFESSION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF DIRECTORS SHALL CONSIST OF THE FOLLOWING: 1) OFFICERS OF THE APPRAISAL INSTITUTE - THE NOMINATING COMMITTEE SHALL SUBMIT ITS NOMINATION(S) FOR VICE PRESIDENT TO THE BOARD OF DIRECTORS DURING THE SECOND REGULAR BOARD OF DIRECTORS MEETING EACH YEAR, UNLESS A VACANCY IN THE OFFICE OF VICE PRESIDENT OCCURS DURING THE COURSE OF A VICE PRESIDENT'S TERM, IN WHICH CASE THE NOMINATION(S) FOR VICE PRESIDENT SHALL BE SUBMITTED AS SOON AS PRACTICABLE AFTER THE VACANCY OCCURS OR AFTER NOTICE OF THE IMPENDING VACANCY IS RECEIVED. IF A VACANCY OCCURS IN THE OFFICE OF PRESIDENT OR PRESIDENT ELECT AND SUCH VACANCY IS NOT FILLED BY AUTOMATIC SUCCESSION, THE NOMINATING COMMITTEE SHALL SUBMIT ITS NOMINATION(S) FOR SUCH VACANT POSITION AS SOON AS PRACTICABLE AFTER THE VACANCY OCCURS OR AFTER NOTICE OF THE IMPENDING VACANCY IS RECEIVED; 2) THE CHAIR/VICE CHAIR OF EACH REGIONAL COMMITTEE - EACH OF THE TEN REGIONS SHALL HAVE A REGIONAL COMMITTEE AS PROVIDED IN THE REGULATION GOVERNING REGIONS. EACH REGIONAL COMMITTEE SHALL ELECT A CHAIR AND VICE CHAIR, WHO SHALL ADMINISTER THE AFFAIRS OF THE REGION AND SERVES AS MEMBERS OF THE BOARD OF DIRECTORS OF THE APPRAISAL INSTITUTE; 3) ONE INTERNATIONAL DESIGNATED MEMBER IN GOOD STANDING ELECTED BY THE BOARD OF DIRECTORS - THE INTERNATIONAL DESIGNATED MEMBER ELECTED TO SERVE ON THE BOARD OF DIRECTORS SHALL SERVE A TWO (2) YEAR TERM THAT SHALL COMMENCE ON JANUARY 1ST OF THE FIRST YEAR OF THE INTERNATIONAL DESIGNATED MEMBER'S TERM. EXCEPT AS OTHERWISE PROVIDED, THE INTERNATIONAL DESIGNATED MEMBER SHALL BE ELECTED AT THE THIRD REGULAR BOARD OF DIRECTORS MEETING IN THE YEAR PRIOR TO COMMENCEMENT OF THE INTERNATIONAL DESIGNATED MEMBER'S TERM; 4) ANY MEMBER OF THE AUDIT COMMITTEE WHO IS NOT SERVING ON THE BOARD BY VIRTUE OF HOLDING THE POSITION OF CHAIR OR VICE CHAIR OF A REGIONAL COMMITTEE - THERE SHALL BE AN AUDIT COMMITTEE COMPOSED OF FIVE (5) MEMBERS ELECTED BY THE BOARD OF DIRECTORS. AT ITS THIRD REGULAR MEETING EACH YEAR, THE BOARD OF DIRECTORS SHALL HOLD AN ELECTION FOR THOSE AUDIT COMMITTEE POSITIONS WHOSE TERMS END THAT YEAR; 5) THE CHIEF EXECUTIVE OFFICER OF THE APPRAISAL INSTITUTE - THERE SHALL BE A CHIEF EXECUTIVE OFFICER OF THE APPRAISAL INSTITUTE APPROVED BY THE BOARD OF DIRECTORS. THE CHIEF EXECUTIVE OFFICER SHALL REPORT TO THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | DESIGNATED MEMBERS IN GOOD STANDING SHALL BE ENTITLED TO VOTE ON: (A) THE DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE APPRAISAL INSTITUTE; (B) ANY MERGER OR CONSOLIDATION AND THE SUBSTANTIAL TERMS, AND ANY SUBSTANTIAL AMENDMENT OF THE TERMS, OF ANY SUCH TRANSACTION; (C) ANY DISSOLUTION OF THE APPRAISAL INSTITUTE; AND (D) ANY AMENDMENT, RESTATEMENT OR REPEAL OF THE ARTICLES OF INCORPORATION, WITH ALL SUCH VOTES REQUIRING A SIXTY PERCENT (60%) MAJORITY OF THOSE DESIGNATED MEMBERS IN GOOD STANDING PRESENT AND VOTING FOR APPROVAL. DESIGNATED MEMBERS IN GOOD STANDING SHALL HAVE ONE (1) VOTE AND SHALL BE ENTITLED TO ATTEND MEMBERSHIP MEETINGS AND VOTE BY PROXY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S 990. MANAGMEMENT REVIEWS THE COMPLETED FORM 990 DRAFT. ONCE A DRAFT OF THE 990 HAS BEEN COMPLETED, THE 990 IS DISTRIBUTED TO ALL AUDIT COMMITTEE AND BOARD OF DIRECTOR MEMBERS OF THE ORGANIZATION VIA A SECURE WEBSITE. THE BOARD MEMBERS ARE THEN ABLE TO REVIEW THE 990 DRAFT AND RESPOND WITH QUESTIONS, CONCERNS OR COMMENTS. AT THE END OF THE REVIEW PERIOD, INCLUDING ANY TIME NEEDED TO ADDRESS QUESTIONS AND COMMENTS, THE 990 IS FINALIZED AND FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | IN JANUARY OF EACH YEAR, ALL MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO READ AND SIGN THE BOARD OF DIRECTORS CERTIFICATION AND DISCLOSURE STATEMENT. THIS STATEMENT REQUIRES THAT EACH BOARD MEMBER CERTIFIES THAT THEY "ARE NOT AWARE OF ANY MATTER IN WHICH I AM PERSONALLY INVOLVED THAT MAY PRESENT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST." IF ANY POTENTIAL OR ACTUAL CONFLICT OF INTEREST ARISES DURING THEIR TERM, THEY AGREE TO IMMEDIATELY DISCLOSE THE CONFLICT AND IF APPROPRIATE REMOVE THEMSELVES FROM DISCUSSION, VOTE AND/OR FURTHER SERVICE. MEMBERS OF THE BOARD OF DIRECTORS AGREE AND UNDERSTAND THAT THEY MAY BE SUBJECT TO EVALUATION AND SELF-ASSESSMENT AT ANY TIME. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR ALL EMPLOYEES IS DETERMINED BY THE GUIDELINES CONTAINED IN THE INSTITUTE'S WAGE AND SALARY PROGRAM. THIS PROGRAM WAS DEVELOPED BY OUTSIDE HR CONSULTANTS IN CONJUNCTION WITH A CONSULTING FIRM. THE PROGRAM INCLUDES THE ESTABLISHMENT OF POSITION GRADES AND SALARY RANGES WHICH ARE BASED ON THE MARKET RATES OF ORGANIZATIONS OF SIMILAR SIZE AND BUDGET. THE CEO APPROVES ALL STAFF SALARIES. CEO'S PERFORMANCE IS EVALUATED EACH YEAR. THE PAST PRESIDENT OF THE ORGANIZATION IS RESPONSIBLE FOR COMPLETING THE CEO'S EVALUATION AND CAN SOLICIT INPUT FROM THE OTHER OFFICERS. CEO COMPENSATION IS EVALUATED USING INDUSTRY BENCHMARKS FOR SIMILAR ORGANIZATIONS BASED ON STAFF SIZE, BUDGET SIZE AND GEOGRAPHIC LOCATION. CEO COMPENSATION PACKAGE IS ALSO REVIEWED BY AN INDEPENDENT OUTSIDE CONSULTANT WHO RECOMMENDS AN APPROPRIATE SALARY RANGE FOR THE ORGANIZATION'S CEO POSITION. THE EXECUTIVE COMMITTEE APPROVES CHANGES TO THE CEO'S COMPENSATION PACKAGE. |
| FORM 990, PART VI, SECTION C, LINE 19 | APPRAISAL INSTITUTE BYLAWS ARE AVAILABLE TO THE PUBLIC ON OUR WEBSITE AT WWW.APPRAISALINSTITUTE.ORG UPON CREATION OF A LOGIN. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST TO THE APPRAISAL INSTITUTE'S EXECUTIVE DEPARTMENT AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE APPRAISAL INSTITUTE'S FINANCE DEPARTMENT. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| APPRAISAL INSTITUTE EDUCATION AND RELIEF FOUNDATION | ||||||||||
| 200 W MADISON STREET SUITE 2000 | CHICAGO | IL | 60606 | 366076334 | GRANTS TO ELIGIBLE INDIVIDUALS | IL | 501(C)(3) | 509(A)(3) | N/A | 0 |
| APPRAISAL INSTITUTE POLITICAL ACTION COMMITTEE | ||||||||||
| 200 W MADISON STREET SUITE 2000 | CHICAGO | IL | 60606 | 363739643 | POLITCAL ACTION COMMITTEE | IL | 527 | N/A | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| APPRAISAL INSTITUTE EDUCATION AND RELIEF FOUNDATION | ||
| C | $5,000 | CASH |
| APPRAISAL INSTITUTE EDUCATION AND RELIEF FOUNDATION | ||
| Q | $125,514 | CASH |
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