Nonprofit · EIN 52-1189041
LAND TITLE INSTITUTE INC
Tax-exempt · WASHINGTON, DC 20004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $25,871 | $49,547 | -$23,676 | $474,474 | $68,612 | $405,862 |
| December 31, 2023 | 990-EZ | $28,744 | $63,549 | -$34,805 | $474,474 | $44,936 | $429,538 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Program service revenue
- $25,871
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $395
- Occupancy
- $12,000
- Other expenses
- $37,152
Balance sheet and other
- Total assets, start of year
- $474,474
- Total assets, end of year
- $474,474
- Total liabilities, end of year
- $68,612
- Net assets, end of year
- $405,862
- Cash, savings and investments
- $474,474
- Gross receipts
- $25,871
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD H WELSHONS | PRESIDENT | 2 | $0 |
| DAVID TOWNSEND | PRESIDENT-ELECT | 2 | $0 |
| DON O'NEIL | TREASURER | 2 | $0 |
| TARA SMITH | TREASURER (TO OCT '24) | 2 | $0 |
| CRAIG HASKINS | CHAIR, A&A SECTION | 2 | $0 |
| LISA M STEELE | CHAIR, FINANCE COMMITTEE | 2 | $0 |
| SCOTT T CHANDLER | CHAIR, UND SECTION | 2 | $0 |
| DON KENNEDY | IMMEDIATE PAST PRESIDENT | 2 | $0 |
| JACK RATTIKIN III | IMMEDIATE PAST PRESIDENT (TO OCT '2 | 2 | $0 |
| DEBORAH S BAILEY | GOVERNOR | 2 | $0 |
| DAVID SCOTT | GOVERNOR (FROM OCT '24) | 2 | $0 |
| QUINN H STUFFLEBEAM | GOVERNOR | 2 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DIANE TOMB | CEO | 2 | $0 |
| DON KENNEDY | PRESIDENT | 2 | $0 |
| RICHARD H WELSHONS | PRESIDENT-ELECT | 2 | $0 |
| TARA SMITH | TREASURER | 2 | $0 |
| CRAIG HASKINS | CHAIR, A&A SECTION | 2 | $0 |
| LISA M STEELE | CHAIR, FINANCE COMMITTEE | 2 | $0 |
| DAVID TOWNSEND | CHAIR, UND SECTION | 2 | $0 |
| JACK RATTIKIN III | IMMEDIATE PAST PRESIDENT | 2 | $0 |
| DANIEL M WOLD | IMMEDIATE PAST PRESIDENT (TO OCT '2 | 2 | $0 |
| DEBORAH S BAILEY | GOVERNOR (FROM OCT '23) | 2 | $0 |
| SCOTT T CHANDLER | GOVERNOR | 2 | $0 |
| JOE GREALISH | GOVERNOR (TO OCT '23) | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 601 PENNSYLVANIA AVE NW STE 750N, WASHINGTON, DC 20004-3630
- In care of
- % AMERICAN LAND TITLE ASSOCIATION
- Mailing address (990-N for 2015)
- 1800 M Street NW Ste 300S, Washington DC 20036
- Principal officer (990-N for 2015)
- Michelle Korsmo, 1800 M Street NW Ste 300S, Washington DC 20036
- Signed the 990-EZ
- CHRISTOPHER MORTON, CHIEF EXECUTIVE OFFICER
- Phone
- (202) 296-3671
- Website
- www.alta.org/lti/
- Return prepared by
- JOHNSON LAMBERT LLP
Mission
TO PROVIDE EDUCATIONAL COURSES AND MATERIALS TO INDIVIDUALS IN THE LAND TITLE INDUSTRY.
Program accomplishments
- ALTA'S LAND TITLE INSTITUTE (LTI) IS THE EDUCATIONAL SUBSIDIARY OF THE AMERICAN LAND TITLE ASSOCIATION. LTI STARTED WITH ONE CORRESPONDENCE COURSE OVER 30 YEARS AGO AND HAS EVOLVED INTO AN ORGANIZATION WHICH OFFERS COMPREHENSIVE TITLE INDUSTRY TRAINING FOR EVERYONE IN YOUR OPERATION.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 52-1189041
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S41Z)
- Assets (IRS master file)
- $474,474
- Income (IRS master file)
- $25,871
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $25,871 | $49,547 | $474,474 | IRS |
| 990-EZ | December 2023 | $28,744 | $63,549 | $474,474 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2015 Officer: Michelle Korsmo | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
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 52-1189041).
Questions about LAND TITLE INSTITUTE INC
- What is the EIN of LAND TITLE INSTITUTE INC?
- The employer identification number (EIN) of LAND TITLE INSTITUTE INC is 52-1189041.
- Is LAND TITLE INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to LAND TITLE INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAND TITLE INSTITUTE INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LAND TITLE INSTITUTE INC 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 LAND TITLE INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of LAND TITLE INSTITUTE INC?
- The 990-N for 2015 names Michelle Korsmo.
- Who are the officers and directors of LAND TITLE INSTITUTE INC?
- The 990-EZ for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does LAND TITLE INSTITUTE INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $25,871, expenses of $49,547 and total assets of $474,474 at year end.
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All nonprofits in WASHINGTON · District of Columbia · Community improvement and capacity building