Nonprofit · EIN 84-1158375
APPRAISAL INSTITUTE
Also known as COLORADO CHAPTER
Tax-exempt · CHICAGO, IL 60606
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $158,816 | $150,488 | $8,328 | $121,629 | $28,187 | $93,442 |
| December 31, 2023 | 990-EZ | $121,683 | $117,553 | $4,130 | $109,677 | $24,563 | $85,114 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,406
- Membership dues
- $47,848
- Program service revenue
- $106,562
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $52,200
- Other expenses
- $98,288
Balance sheet and other
- Total assets, start of year
- $109,677
- Total assets, end of year
- $121,629
- Total liabilities, end of year
- $28,187
- Net assets, end of year
- $93,442
- Cash, savings and investments
- $103,684
- Gross receipts
- $158,816
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 |
|---|---|---|---|
| JP Nisley | President | 5 | $0 |
| Brett Wilkerson | Vice President | 5 | $0 |
| Niki Close | Treasurer | 2 | $0 |
| Scott McHenry | Past President | 1 | $0 |
| Matt Awsumb | Director | 1 | $0 |
| Jim Westman | Director | 1 | $0 |
| Amy Girsch | Director | 1 | $0 |
| Megan Larson | Director | 1 | $0 |
| Kelly Hyde | Director | 1 | $0 |
| Lisa Roberts | Director | 1 | $0 |
| Ryan Pendleton | Director | 1 | $0 |
| Chris Hvmore | Director | 1 | $0 |
| Mike Smith | Education Chair | 3 | $0 |
990-EZ for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Scott McHenry MAI AI-RRS | President | 1 | $0 |
| JP Nisley MAI | Vice President | 1 | $0 |
| Brett Wilkerson MAI | Treasurer | 2 | $0 |
| Justin Atwell MAI | Past President | 0.5 | $0 |
| Niki Close MAI AI-GRS | Director | 0.5 | $0 |
| Jeovani Gaytan SRA AI-RRS | Director | 0.5 | $0 |
| William Bush MAI | Director | 0.25 | $0 |
| Ann Thurman SRA | Director | 0.25 | $0 |
| Matt Awsumb MAI | Director | 0.25 | $0 |
| James Westman SRA AI-RRS | Director | 0.25 | $0 |
| Megan Larson MAI | Director | 0.5 | $0 |
| Kelly Hyde MAI | Director | 0.25 | $0 |
| Lisa Roberts SRA | Director | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 200 W MADISON ST STE 2630, CHICAGO, IL 60606-3414
- In care of
- % JUSTIN ATWELL
- Signed the 990-EZ
- Elizabeth Kramer, Controller
- Website
- www.colo-ai.org
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.
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 84-1158375
- 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)
- $121,629
- Income (IRS master file)
- $158,816
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $158,816 | $150,488 | $121,629 | IRS |
| 990-EZ | December 2023 | $121,683 | $117,553 | $109,677 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 84-1158375).
Questions about APPRAISAL INSTITUTE
- What is the EIN of APPRAISAL INSTITUTE?
- The employer identification number (EIN) of APPRAISAL INSTITUTE is 84-1158375.
- 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-EZ for the year ended December 2024.
- Who are the officers and directors of APPRAISAL INSTITUTE?
- The 990-EZ for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does APPRAISAL INSTITUTE have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $158,816, expenses of $150,488 and total assets of $121,629 at year end.
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