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Nonprofit · EIN 58-6046247

APPRAISAL INSTITUTE

Also known as ATLANTA AREA CHAPTER

Tax-exempt · ATLANTA, GA 30339

Financials

$248K$251K2023$217K$237K2024
Revenue Expenses · by fiscal year end
Financials of APPRAISAL INSTITUTE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$217,218$236,905-$19,687$253,210$30,152$223,058
December 31, 2023990$248,124$251,452-$3,328$273,015$33,358$239,657
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$24,608
Program service revenue
$184,594
Investment income
$8,016
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$115,000
Salaries, compensation and benefits (total)
$133,369
Professional fundraising fees
$0
Travel
$7,275
Depreciation
$236

Balance sheet and other

Total assets, start of year
$273,015
Total assets, end of year
$253,210
Total liabilities, end of year
$30,152
Net assets, end of year
$223,058
Land, buildings and equipment
$1,494
Net assets without donor restrictions
$223,058
Gross receipts
$217,218
Employees
1
Volunteers
35
Year formed
1991
State of legal domicile
GA

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.

NameTitleHours / weekCompensation
Michael L Hunter MAIPresident
Trustee or director, Officer
4$0
Hugh B Bass Jr MAIVice President
Trustee or director, Officer
4$0
Peter A Lamas MAISecretary
Trustee or director, Officer
4$0
Talani Casariego MAITreasurer
Trustee or director, Officer
4$0
Patrick Adamson MAI SRADirector
Trustee or director
1$0
George Petkovich MAIDirector
Trustee or director
1$0
David B Griffin MAI SRA AI-GRSDirector
Trustee or director
1$0
Marie S Ikizler MAIDirector
Trustee or director
1$0
Christina H Thoreson MAI SRA AI-Director
Trustee or director
1$0
Adam Trammell MAI AI-GRSDirector
Trustee or director
1$0
Robert R Mancini MAIDirector
Trustee or director
1$0
Rick Kenny MAI SRAVice President Jan thru Mar 2024
Trustee or director, Officer
0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
Suzanne BrockwayExecutive Director
Highest-paid employee
40$104,969
Hugh B Bass Jr MAIPresident
Trustee or director, Officer
4$0
Michael L Hunter MAIVice President
Trustee or director, Officer
4$0
Rick Kenny MAI SRASecretary
Trustee or director, Officer
2$0
Peter Lamas MAITreasurer
Trustee or director, Officer
4$0
Patrick Adamson MAI SRADirector
Trustee or director
1$0
George Petkovich MAIDirector
Trustee or director
1$0
Dori Bower MAIDirector
Trustee or director
1$0
David B Griffin MAI SRA AI-GRSDirector
Trustee or director
1$0
Robert R Mancini MAIDirector
Trustee or director
1$0
Christina HThoreson MAI SRA AI-Director
Trustee or director
1$0
Marie S Ikizler MAIDirector
Trustee or director
1$0
Adam C Trammell MAI AI-GRSDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
2451 CUMBERLAND PARKWAY SE SUITE 35, ATLANTA, GA 30339-6136
In care of
% HUGH B BASS JR
Principal officer (990 for 2024)
Hugh B Bass Jr, 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.

990 for the year ended December 31, 2024

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-6046247
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
Assets (IRS master file)
$253,210
Income (IRS master file)
$217,218

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$217,218$236,905$253,210XML
990December 2023$248,124$251,452$273,015XML
990December 2022$238,259$219,676$287,634IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 58-6046247).

Questions about APPRAISAL INSTITUTE

What is the EIN of APPRAISAL INSTITUTE?
The employer identification number (EIN) of APPRAISAL INSTITUTE is 58-6046247.
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 Hugh B Bass Jr.
Who are the officers and directors of APPRAISAL INSTITUTE?
The 990 for the year ended December 31, 2024 lists 12 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 $217,218, expenses of $236,905 and total assets of $253,210 at year end.

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