Nonprofit · EIN 37-0985760
ILLINOIS PROPERTY ASSESSMENT INSTITUTE
Tax-exempt · BLOOMINGTON, IL 61701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $810,383 | $795,769 | $14,614 | $884,208 | $171,723 | $712,485 |
| December 31, 2024 | 990 | $762,348 | $687,515 | $74,833 | $862,090 | $187,929 | $674,161 |
| December 31, 2023 | 990 | $689,428 | $590,486 | $98,942 | $764,608 | $168,517 | $596,091 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $811,582
- Investment income
- $23,451
- Net gain from sales of assets
- $9,551
- Net income from fundraising events
- -$34,268
- Other revenue
- -$24,650
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $98,224
- Other salaries and wages
- $183,687
- Salaries, compensation and benefits (total)
- $319,626
- Professional fundraising fees
- $0
- Legal fees
- $2,700
- Accounting fees
- $21,890
- Occupancy
- $32,136
- Travel
- $15,279
- Depreciation
- $5,222
- Program services (functional)
- $650,707
- Management and general (functional)
- $145,062
Balance sheet and other
- Total assets, start of year
- $862,090
- Total assets, end of year
- $884,208
- Total liabilities, end of year
- $171,723
- Net assets, end of year
- $712,485
- Land, buildings and equipment
- $34,729
- Net assets without donor restrictions
- $711,485
- Net assets with donor restrictions
- $1,000
- Gross receipts
- $924,902
- Employees
- 5
- Volunteers
- 70
- Year formed
- 1966
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSH BARNETT | EXECUTIVE DI Officer | 40 | $98,224 |
| ERICH BLAIR | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN DABROWSKI | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| ERIN KLJAICH | BOARD MEMBER Trustee or director | 1 | $0 |
| SHELLY RENKEN | SECRETARY Trustee or director, Officer | 1 | $0 |
| VICKI SHEETS | CHAIR Trustee or director, Officer | 1 | $0 |
| MARY TAMEZ | TREASURER Trustee or director, Officer | 1 | $0 |
| HOPE WEBER | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSH BARNETT | EXECUTIVE DI Officer | 40 | $89,592 | $2,771 |
| ERICH BLAIR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEN CROWLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN DABROWSKI | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHELLY RENKEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| VICKI SHEETS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARY TAMEZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| HOPE WEBER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSH BARNETT | EXECUTIVE DI Officer | 40 | $88,281 | $2,648 |
| ERICH BLAIR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEN CROWLEY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOHN DABROWSKI | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHELLY RENKEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VICKI SHEETS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARY TAMEZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| HOPE WEBER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 207 W JEFFERSON ST STE 201, BLOOMINGTON, IL 61701-3969
- Principal officer (990 for 2025)
- JOSH BARNETT, 207 W JEFFERSON ST SUITE 201, BLOOMINGTON, IL 61701
- Signed the 990
- JOSH BARNETT, EXECUTIVE DIR.
- Phone
- (309) 862-0300
- Website
- WWW.IPAIEDUCATION.ORG
- Return prepared by
- MCK CPAS & ADVISORS
Mission
IPAI PROVIDES CREDENTIALING AND CONTINUING EDUCATION TO PROPERTY ASSESSMENT PROFESSIONALS WITHIN THE STATE OF ILLINOIS. THIS IS ACHIEVED THROUGH SEVERAL CONFERENCES AND STANDALONE COURSES AROUND THE STATE EACH YEAR.
Program accomplishments
- DEVELOPMENT AND SPONSORSHIP OF COURSES FOR APPRAISERS AND ASSESSORS. THESE COURSES MEET CONTINUING EDUCATIONAL REQUIREMENTS NECESSARY FOR LICENSING IN ILLINOIS.Expenses $650,707 · revenue $811,582
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 | 990 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
- 37-0985760
- 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
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L99Z)
- Assets (IRS master file)
- $884,208
- Income (IRS master file)
- $924,902
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $810,383 | $795,769 | $884,208 | XML |
| 990 | December 2024 | $762,348 | $687,515 | $862,090 | XML |
| 990 | December 2023 | $689,428 | $590,486 | $764,608 | XML |
| 990 | December 2022 | $516,848 | $549,474 | $602,726 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 37-0985760).
Questions about ILLINOIS PROPERTY ASSESSMENT INSTITUTE
- What is the EIN of ILLINOIS PROPERTY ASSESSMENT INSTITUTE?
- The employer identification number (EIN) of ILLINOIS PROPERTY ASSESSMENT INSTITUTE is 37-0985760.
- Is ILLINOIS PROPERTY ASSESSMENT INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to ILLINOIS PROPERTY ASSESSMENT INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ILLINOIS PROPERTY ASSESSMENT 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 ILLINOIS PROPERTY ASSESSMENT INSTITUTE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ILLINOIS PROPERTY ASSESSMENT INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ILLINOIS PROPERTY ASSESSMENT INSTITUTE?
- The 990 for the year ended December 31, 2025 names JOSH BARNETT.
- Who are the officers and directors of ILLINOIS PROPERTY ASSESSMENT INSTITUTE?
- The 990 for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $98,224 (JOSH BARNETT, EXECUTIVE DI).
- How much revenue does ILLINOIS PROPERTY ASSESSMENT INSTITUTE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $810,383, expenses of $795,769 and total assets of $884,208 at year end.
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