Appraisal Institute

The Appraisal Institute is a prominent nonprofit organization in the United States, designated as a 501(c)6 business league. However, it appears there is a mix-up in the provided details, as the Appraisal Institute's website is not matched with the "niswm-appraisers.org" domain but is instead associated with "appraisalinstitute.org". The correct information for the Appraisal Institute is provided below.

Overview

The Appraisal Institute is an international association of professional real estate appraisers. It was established in January 1991 through the merger of the American Institute of Real Estate Appraisers (AIREA) and the Society of Residential Appraisers. AIREA was founded in 1932, and the Society of Residential Appraisers was established in 1935.

Mission

The Appraisal Institute aims to empower valuation professionals through education, credentialing, community, a comprehensive body of knowledge, and adherence to ethical standards. It champions the valuation profession, promoting high-quality appraisal practices that are both ethical and competent.

Activities

The Appraisal Institute provides extensive educational resources, including nearly 800 programs annually, to support its members in achieving professional designations and staying updated on industry developments. It offers a variety of membership categories, including Associate Members, Candidates for Designation, Student Affiliates, and Affiliate Members, catering to different stages of professional development.

Publications and Advocacy

The organization publishes several notable publications, such as the Appraisal Journal, which serves as a leading source of information in the field. The Appraisal Institute is actively engaged in advocacy efforts, regularly communicating with legislators and regulators to promote policies that benefit the appraisal profession while protecting public interest.

Membership and Reach

As of recent data, the Appraisal Institute has approximately 16,000 members in nearly 50 countries, making it a global leader in the real estate appraisal field.

Definition of Given EIN

The EIN 35-6023376 appears to be associated with the Appraisal Institute, but there is no specific information available regarding an EIN of 356023376 linked to an organization named Appraisal Institute or operating under the domain "niswm-appraisers.org", suggesting a potential discrepancy in the provided details.

Financial Overview

The Appraisal Institute derives most of its revenue from program services, which account for about 97% of its total revenue. It has significant assets and liabilities but does not receive substantial executive compensation or professional fundraising fees.

Conclusion

The Appraisal Institute plays a crucial role in enhancing the professionalism and ethical standards of the real estate appraisal industry through its rigorous educational programs, credentialing processes, and advocacy efforts. However, the details regarding the EIN and the domain "niswm-appraisers.org" do not align with the known Appraisal Institute, suggesting a need for clarification or correction.