EIN 36-3739643

Appraisal Institute

IRS 501(c) type
501(c)(6)
Num. employees
105
Year formed
1991
Most recent tax filings
2022-12-01
Description
To advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide.
Related structure
Appraisal Institute is a parent organization to a group of 92 other organizations.
Total revenues
$23,134,340
2022
Total expenses
$20,276,526
2022
Total assets
$30,942,389
2022
Num. employees
105
2022

Program areas at Appraisal Institute

Total membership as of december 31, 2022 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.
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 2022, the Appraisal Institute sold over 12,000 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.
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 2022, the Appraisal Institute served over 28,000 students through more than 1,300 courses and seminars.

Who funds Appraisal Institute

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Appraisal Institute Education and Relief FoundationAi Annual Meeting and Ldac Meeting Support$10,000

Personnel at Appraisal Institute

NameTitleCompensation
Beata SwachaActing Chief Executive Officer$253,925
Cindy ChanceBoard Member
James Amorin Mai Sra Ai-GrsChief Executive Officer$441,674
Heidi KorthaseDirector , Information Technology$161,407
William E GarberDirector , GVMNT Relations / Director , Government Relations / Director Government Affairs$244,956
...and 13 more key personnel

Financials for Appraisal Institute

RevenuesFYE 12/2022
Total grants, contributions, etc.$2,132,500
Program services$18,865,627
Investment income and dividends$417,207
Tax-exempt bond proceeds$0
Royalty revenue$206,309
Net rental income$0
Net gain from sale of non-inventory assets$123,840
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,388,857
Total revenues$23,134,340

Form 990s for Appraisal Institute

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-10990View PDF
2020-122021-11-10990View PDF
2019-122021-06-24990View PDF
2018-122020-02-07990View PDF
...and 9 more Form 990s
Data update history
January 17, 2024
Updated personnel
Identified 6 new personnel
January 8, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 30, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from Appraisal Institute Education and Relief Foundation
December 27, 2023
Used new vendors
Identified 2 new vendors, including , and
October 9, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Professional associationsBusiness and community development organizationsReal estate organizationsHeadquarter / parent organizations
Issues
Business and industry
Characteristics
MembershipsOperates internationallyCommunity engagement / volunteeringProvides scholarships
General information
Address
200 W Madison 2000
Chicago, IL 60606
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
Website URL
appraisalinstitute.org/ 
Phone
(888) 756-4624
Facebook page
AppraisalInstitute 
Twitter profile
@ai_national 
IRS details
EIN
36-3739643
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S47: Real Estate Organizations
NAICS code, primary
813920: Professional Associations
Parent/child status
Parent of group exemption
Central organization
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