NonprofitsAppraisal Institute

Appraisal Institute

CHICAGO, IL

Total revenue

$18.2M

Total expenses

$20.6M

Net assets

$14.5M

Grants received

$134K

2 grants

EIN

363739643

Tax year

2024

Mission

Our mission is to empower valuation professionals through community, credentialing, education, body of knowledge and ethical standards.

Programs

2 programs

As the leader in real property appraiser education, the appraisal institute offers an extensive curriculum of introductory and advanced courses, as well as a wide range of seminars on specialty topics. These programs are designed to address the needs of all real estate appraisers, ranging from those just entering the profession and earning credit toward state licensing or certification, to seasoned practitioners who wish to keep abreast of the latest techniques and developments. Many of these programs also serve to help other industry professionals gain further insight and understanding of real estate valuation techniques and processes. In 2024, the appraisal institute served over 14,000 students through more than 350 courses and seminars.

The appraisal institute is the world's largest publisher of real estate appraisal literature. In addition to a series of general reference books, every year the appraisal institute adds to its extensive list of publications (including digital publications), covering contemporary practice issues, advances in methodology and technology, and the valuation of a wide range of special purpose properties. In 2024, the appraisal institute sold over 6,000 books. The appraisal institute also publishes the appraisal journal, valuation magazine and appraiser news online. The peer-reviewed journal has served as the top forum for appraisal professionals and has become the most frequently referenced periodical in appraisal literature. Valuation magazine focuses on innovative features and practical ideas. Appraiser news online keeps appraisers abreast of industry trends as well as legislative and regulatory matters impacting appraisers.

Financials

FY 2024

Revenue

Contributions & grants$128K
Program service revenue$17.2M
Investment income$917K
Other revenue
Total revenue$18.2M

Expenses

Grants paid$449K
Salaries & benefits$9.7M
Fundraising
Other expenses$10.4M
Total expenses$20.6M
Total assets$34.4M
Net assets$14.5M

People

33 listed

NameRoleCompensation

CYNTHIA CHANCE

CEO (END 9/13/24)

Board

$407K

50 hrs/wk

SANDRA K ADOMATIS SRA

PRESIDENT

Board

$157K

40 hrs/wk

JOHN UDELHOFEN

INTERIM CEO

Board

$144K

50 hrs/wk

PAULA K KONIKOFF MAI AIGRS

PRESIDENT ELECT

Board

$111K

20 hrs/wk

CRAIG STEINLEY

IMMEDIATE PAST PRESIDENT

Board

$100K

20 hrs/wk

MICHAEL ACQUARO-MIGNOGNA

VICE PRESIDENT

Board

$100K

20 hrs/wk

HEATHER PLACER MULL MAI SRA

DIRECTOR

Board

2 hrs/wk

ROBERT VODINELIC MAI

DIRECTOR

Board

2 hrs/wk

JOSHUA GARRETSON MAI AI-GRS

DIRECTOR

Board

2 hrs/wk

DONALD BOUCHER SRA

DIRECTOR

Board

2 hrs/wk

DALE COOPER

DIRECTOR

Board

2 hrs/wk

JACINTO MUNOZ

DIRECTOR

Board

2 hrs/wk

MARK VERRETT SRA

DIRECTOR

Board

2 hrs/wk

LINDEL D SCHULZE MAI AI-GRS

DIRECTOR

Board

2 hrs/wk

ROBERT R ELLIOTT JR

DIRECTOR

Board

2 hrs/wk

MICHAEL TANKERSLEY MAI SRA

DIRECTOR

Board

2 hrs/wk

REGINALD M CARTER MAI SRA

DIRECTOR

Board

2 hrs/wk

WESLEY SANDERS MAIAI-GRS

DIRECTOR

Board

2 hrs/wk

CESAR SERVANDO CANTU MARTINEZ

DIRECTOR

Board

2 hrs/wk

DARWIN ERNST SRA AI-RRS

DIRECTOR

Board

2 hrs/wk

MICHAEL HINNANT SRA

DIRECTOR

Board

2 hrs/wk

ALLEN W GARDINER MAI SRA

DIRECTOR

Board

2 hrs/wk

TINA MINDEMANN SRA AI-RRS

DIRECTOR

Board

2 hrs/wk

JASON MESSNER MAI

DIRECTOR

Board

2 hrs/wk

SMEDMORE BERNARD

DIRECTOR

Board

2 hrs/wk

ALBERT W FRANKE III MAI SRA

DIRECTOR

Board

2 hrs/wk

TONIA VAILAS MAI AI-GRS

DIRECTOR

Board

2 hrs/wk

JEFFREY LISKAR ESQUIRE

GENERAL COUNSEL

Staff

$348K

45 hrs/wk

BEATA SWACHA

FORMER CFO

Staff

$216K

0

CHRISTINA MITAKIS

ASSOCIATE GENERAL COUNSEL

Staff

$192K

45 hrs/wk

STEPHEN WAGNER

DIRECTOR, ETHICS AND STANDARDS

Staff

$176K

37.5 hrs/wk

ALISSA AKINS

DIRECTOR, EDUCATION

Staff

$144K

45 hrs/wk

SCOTT DIBIASIO

DIRECTOR, GOVERNMENT RELATIONS

Staff

$133K

45 hrs/wk

Independent contractors

AHLEN CONSULTING

IT CONSULTING/MANAGEMENT

$201K

BARNES & THORNBURG

LITIGATION/LEGAL SERVICES

$165K

EXECUTIVE ADMINISTRATION PROFESSIONALS

PROFESSIONAL SERVICES

$139K

ASSOCIATION MANAGEMENT CONSULTANTS

PROFESSIONAL SERVICES

$134K

MAYA W PITTS

CHAPTER EXECUTIVE DIRECTOR

$128K

Grants received

Showing 2 of 2

FromAmountPurposeYear
$10K
AI ANNUAL MEETING AND LDAC MEETING SUPPORT
2022
$124K
SUPPORT THE LUM LIBRARY, LDAC MEETING, AND AI ANNUAL MEETING
2020

Funded by

$134K from 1 funder · 2 grants · 2020–2022

Appraisal Institute Education

$134K · 2 grants · 2020–2022

Details

EIN363739643
Subsection06
Ruling date1992-09
Formed1991
Employees118
Volunteers197
APPRAISAL INSTITUTE — Mission, Financials & Grants Received | Grantivo