Nonprofit · EIN 95-2566221
APPRAISAL INSTITUTE
Also known as SOUTHERN CALIFORNIA CHAPTER
Tax-exempt · HACIENDA HEIGHTS, CA 91745
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $340,028 | $363,235 | -$23,207 | $555,175 | $85,072 | $470,103 |
| December 31, 2023 | 990 | $342,662 | $391,380 | -$48,718 | $566,016 | $77,850 | $488,166 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,275
- Program service revenue
- $313,983
- Investment income
- $17,770
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $94,080
- Salaries, compensation and benefits (total)
- $109,551
- Professional fundraising fees
- $0
- Accounting fees
- $1,225
- Occupancy
- $11,750
- Travel
- $31,949
Balance sheet and other
- Total assets, start of year
- $566,016
- Total assets, end of year
- $555,175
- Total liabilities, end of year
- $85,072
- Net assets, end of year
- $470,103
- Net assets without donor restrictions
- $470,103
- Gross receipts
- $340,028
- Employees
- 1
- Volunteers
- 50
- Year formed
- 1991
- State of legal domicile
- CA
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 |
|---|---|---|---|
| Adam Bogorad MAI | President Trustee or director, Officer | 10 | $0 |
| Ernesto Lopez MAI AI-GRS | Vice President Trustee or director, Officer | 8 | $0 |
| Ryan Hargrove MAI SRA AI-GRS | Treasurer Trustee or director, Officer | 15 | $0 |
| William Jones MAI AI-GRS | Secretary Trustee or director, Officer | 12 | $0 |
| Linda Whittlesey SRA | Immediate Past President Trustee or director | 15 | $0 |
| Michael Comstock MAI | Education Chair Trustee or director | 8 | $0 |
| Marcus Espinoza MAI SRA | NWB Chair Trustee or director | 12 | $0 |
| Norman Chung MAI AI-GRS | NWB V Chair Trustee or director | 8 | $0 |
| Jose Hernandez Candidate | NWB 1st Advisor Trustee or director | 6 | $0 |
| Paul Norlen MAI | Eastern Branch Chair Trustee or director | 12 | $0 |
| Scott Thompson MAI AI-GRS | EB Vice Chair Trustee or director | 5 | $0 |
| Julian Uribe Candidate | EB 1st Advisor Trustee or director | 5 | $0 |
| Jeffrey Hogan SRA AI-RRS | Southern Branch Chair Trustee or director | 8 | $0 |
| Michael Wada MAI | SB Vice Chair Trustee or director | 6 | $0 |
| Stephen Lee Candidate | SB 1st Chair Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Adam Bogorad MAI | President Trustee or director, Officer | 10 | $0 |
| Ernesto Lopez MAI AI-GRS | Vice President Trustee or director, Officer | 8 | $0 |
| Ryan Hargrove MAI SRA AI-GRS | Treasurer Trustee or director, Officer | 10 | $0 |
| William Jones MAI AI-GRS | Secretary Trustee or director, Officer | 8 | $0 |
| Michael Comstock MAI | Education Chair Trustee or director | 8 | $0 |
| Linda Whittlesey SRA | Immediate Past President Trustee or director | 8 | $0 |
| Marcus Espinoza MAI SRA | Northwestern Branch Chair Trustee or director | 8 | $0 |
| Norman Chung MAI AI-GRS | NW Branch Vice Chair Trustee or director | 8 | $0 |
| Jose Hernandez Candidate | NW Branch 1st Advisor Trustee or director | 6 | $0 |
| Paul Norlen MAI | Eastern Branch Chair Trustee or director | 5 | $0 |
| Scott Thompson MAI AI-GRS | Eastern Branch Vice Chair Trustee or director | 5 | $0 |
| Julian Uribe Candidate | Eastern Branch 1st Advisor Trustee or director | 5 | $0 |
| Jeff Hogan SRA AI-RRS | Southern Branch Chair Trustee or director | 5 | $0 |
| Michael Wada MAI | Southern Branch Vice Chair Trustee or director | 5 | $0 |
| Stephen Lee Candidiate | Southern Branch 1st Advisor Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 2440 S HACIENDA BLVD, HACIENDA HEIGHTS, CA 91745-4775
- In care of
- % ADAM BOGORAD
- Principal officer (990 for 2024)
- Adam Bogorad, 200 W MADISON ST STE 2000, CHICAGO, IL 606063515
- Signed the 990
- Elizabeth Kramer, Controller
- Phone
- (312) 335-4100
California records
California keeps its own records of charities and corporations. Search them by EIN 95-2566221 or by the name APPRAISAL INSTITUTE.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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
- 95-2566221
- 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)
- $555,175
- Income (IRS master file)
- $340,028
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $340,028 | $363,235 | $555,175 | XML |
| 990 | December 2023 | $342,662 | $391,380 | $566,016 | XML |
| 990 | December 2022 | $348,381 | $290,914 | $616,547 | 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 95-2566221).
Questions about APPRAISAL INSTITUTE
- What is the EIN of APPRAISAL INSTITUTE?
- The employer identification number (EIN) of APPRAISAL INSTITUTE is 95-2566221.
- 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 Adam Bogorad.
- 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 $340,028, expenses of $363,235 and total assets of $555,175 at year end.
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