Nonprofit · EIN 36-2351810
APPRAISAL INSTITUTE
Also known as CHICAGO CHAPTER
Tax-exempt · MT PROSPECT, IL 60056
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $431,909 | $414,778 | $17,131 | $331,927 | $72,592 | $259,335 |
| December 31, 2023 | 990 | $612,481 | $574,454 | $38,027 | $329,173 | $87,974 | $241,199 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $47,796
- Program service revenue
- $380,036
- Investment income
- $4,077
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $106,239
- Salaries, compensation and benefits (total)
- $125,579
- Professional fundraising fees
- $0
- Occupancy
- $600
- Travel
- $13,114
Balance sheet and other
- Total assets, start of year
- $329,173
- Total assets, end of year
- $331,927
- Total liabilities, end of year
- $72,592
- Net assets, end of year
- $259,335
- Net assets without donor restrictions
- $259,335
- Gross receipts
- $431,909
- Employees
- 1
- Volunteers
- 26
- Year formed
- 1991
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER HELLAND MAI AI-GRS | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JAMES ERIK SMITH SRA | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| SAM LOUISE MAI | TREASURER Trustee or director, Officer | 1 | $0 |
| John Konrath MAI | SECRETARY Trustee or director, Officer | 1 | $0 |
| Andrew Richter MAI | Director Trustee or director | 1 | $0 |
| Robert Becker MAI AI-GRS | DIRECTOR Trustee or director | 1 | $0 |
| Patrick Kleszynski MAI | DIRECTOR Trustee or director | 1 | $0 |
| Thomas McDonnell MAI | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH MILLER MAI AI-GRS | DIRECTOR Trustee or director | 1 | $0 |
| Alexandra Meade MAI AI-GRS | DIRECTOR Trustee or director | 1 | $0 |
| John Michie SRA | DIRECTOR Trustee or director | 1 | $0 |
| Courtney Prentice MAI SRA | DIRECTOR Trustee or director | 1 | $0 |
| Mary Wagner MAI | DIRECTOR Trustee or director | 1 | $0 |
| Joe Calvanico | DIRECTOR Trustee or director | 1 | $0 |
| Susan Ulman | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAMERON REX MAI | PRESIDENT Trustee or director, Officer | 5 | $0 |
| PETER HELLAND MAI AI-GRS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| JAMES ERIK SMITH SRA | TREASURER Trustee or director, Officer | 1 | $0 |
| SALVATORE SAM LOUISE MAI | SECRETARY Trustee or director, Key employee | 1 | $0 |
| BRUCE DARATA MAI | IMMEDIATE PAST PRESIDENT Trustee or director | 1 | $0 |
| ANDREW RICHTER MAI | DIRECTOR Trustee or director | 1 | $0 |
| ALEXANDRA MEADE MAI AI-GRS | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK KLESYNSKI MAI | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH MILLER MAI AI-GRS | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT BECKER MAI AI-GRS | DIRECTOR Trustee or director | 1 | $0 |
| SMEDMORE BERNARD MAI | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN ULMAN MAI | DIRECTOR Trustee or director | 1 | $0 |
| JONATHAN MICHIE SRA | DIRECTOR Trustee or director | 1 | $0 |
| ANTHONY UZEMAKC | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 300 W CENTRAL RD UNIT 147, MT PROSPECT, IL 60056-8809
- In care of
- % CAMERON REX
- Principal officer (990 for 2024)
- CAMERON REX, 200 W MADISON ST STE 2000, CHICAGO, IL 606063515
- Signed the 990
- Elizabeth Kramer, Controller
- Phone
- (312) 335-4100
Mission
To empower valuation professionals through community credentialing education body of knowledge and ethical standards.
Program accomplishments
- Education - The Appraisal Institute provides a curriculum of courses and seminars for residential and commercial real estate appraisal.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-2351810
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 9464: APPRAISAL INSTITUTE
- Assets (IRS master file)
- $331,927
- Income (IRS master file)
- $431,909
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $431,909 | $414,778 | $331,927 | XML |
| 990 | December 2023 | $612,481 | $574,454 | $329,173 | XML |
| 990 | December 2022 | $524,733 | $497,764 | $299,436 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-2351810).
Questions about APPRAISAL INSTITUTE
- What is the EIN of APPRAISAL INSTITUTE?
- The employer identification number (EIN) of APPRAISAL INSTITUTE is 36-2351810.
- Is APPRAISAL INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1992.
- Are donations to APPRAISAL INSTITUTE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does APPRAISAL INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of APPRAISAL INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did APPRAISAL INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of APPRAISAL INSTITUTE?
- The 990 for the year ended December 31, 2024 names CAMERON REX.
- Who are the officers and directors of APPRAISAL INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does APPRAISAL INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $431,909, expenses of $414,778 and total assets of $331,927 at year end.
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