Overview
What is The Appraisal Foundation?
The Appraisal Foundation is a nonprofit organization based in Washington, D.C., dedicated to enhancing the valuation profession. Throughout 2022, they resumed in-person meetings after two years of virtual sessions due to the pandemic. The focus on diversity, equity, and inclusion remained a priority, with regular diversity training for board members and staff. They also developed a consumer resource video to assist individuals navigating the appraisal process. The organization reviewed the Biden Administration's Property Appraisal and Valuation Equity (PAVE) Task Force report, implementing changes such as updating bylaws and examining governance. The Appraisal Foundation aims to advance the valuation profession by setting standards, promoting education, and upholding public trust.
Official website here: www.appraisalfoundation.org
What are the reviews and ratings of this charity?
96% rating from Charity Navigator signifies that The Appraisal Foundation is a highly accountable and financially responsible organization. This Four-Star out of Four Star rating reflects a strong commitment to transparency and effective governance, as indicated by the high scores across various accountability metrics, including a 95% independent board and a comprehensive audit and oversight committee.
The organization demonstrates solid financial health, with a program expense ratio of 72.40%, suggesting that a significant portion of its budget is directed towards fulfilling its mission. Furthermore, with no material diversion of assets reported, stakeholders can be confident that resources are being utilized appropriately and in alignment with the charity's goals.
While the overall ratings indicate a robust operational framework, potential areas for future improvement could involve expanding program outreach or diversifying funding sources to ensure long-term sustainability. Nonetheless, the current data presents The Appraisal Foundation as a well-managed nonprofit committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Appraisal Foundation legitimate?
The Appraisal Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Appraisal Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,186,848
Professional Fundraising Fees: $0
Other Salaries and Wages: $568,881
For more financial information, click here
Official website here: www.appraisalfoundation.org
What is the mission statement of The Appraisal Foundation?
The Appraisal Foundation's mission is to foster growth in the valuation profession by establishing high standards, promoting education, and safeguarding public trust. This organization is dedicated to advancing its field by setting benchmarks of excellence, encouraging learning, and maintaining public confidence. In 2022, their board of trustees resumed in-person meetings after two years of virtual sessions due to the pandemic. Diversity, equity, and inclusion remained a significant focus, with training sessions and initiatives aimed at incorporating these values throughout the organization. The foundation also reviewed recommendations from the Biden Administration's Property Appraisal and Valuation Equity (PAVE) Task Force report, implementing several changes to enhance transparency and inclusivity in their governance.
Official website here: www.appraisalfoundation.org
What is the revenue of The Appraisal Foundation?
The Appraisal Foundation's revenue in 2023 was $3,529,735.
Official website here: www.appraisalfoundation.org
Who are the executives of The Appraisal Foundation and what are their salaries?
The average compensation at The Appraisal Foundation during 2023 was $125,409. There are 14 employees and 21 volunteers at The Appraisal Foundation.
Here are 28 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $372,312
- Related: $0
- Other: $111,147
- Compensation: $261,788
- Related: $0
- Other: $4,883
- Compensation: $218,127
- Related: $0
- Other: $8,523
- Compensation: $209,136
- Related: $0
- Other: $932
- Compensation: $112,089
- Related: $0
- Other: $6,566
- Compensation: $112,071
- Related: $0
- Other: $6,023
Official website here: www.appraisalfoundation.org
Where can I find the form 990 for The Appraisal Foundation?
The Appraisal Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.appraisalfoundation.org
Learn more at the official website: www.appraisalfoundation.org
Mission Statement of The Appraisal Foundation
The Appraisal Foundation, a nonprofit organization, is committed to advancing the valuation profession. Their mission is to establish standards of excellence, promote education, and uphold public trust in the field. By doing so, they aim to elevate the profession and ensure transparency and reliability in appraisal practices. Throughout the year, the organization focuses on diversity, equity, and inclusion, conducting regular training sessions for trustees to foster an inclusive environment. Additionally, they collaborate with committees to create resources for consumers navigating the appraisal process. The Appraisal Foundation also reviews reports and recommendations from government task forces, implementing changes to improve transparency and representativeness in their governance structure. As part of a long-term strategic plan, they work on goals outlined in Vision 2030, which includes various projects tied to their mission.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Appraisal Foundation significantly impacts the valuation profession by establishing rigorous standards for excellence and enhancing educational efforts that safeguard public trust. In 2022, the Foundation resumed in-person meetings, fostering collaboration among trustees and enabling them to prioritize diversity, equity, and inclusion initiatives effectively. All board members underwent comprehensive training on DEI principles, ensuring an inclusive governance framework.
A notable achievement was the development of a new video resource aimed at assisting consumers in the appraisal process, especially regarding complaint procedures. This reflects the Foundation's commitment to demystifying the appraisal process and empowering consumers. Furthermore, the Foundation responded proactively to the Biden Administration's PAVE Task Force Report by swiftly implementing recommendations—including governance revisions and diversifying board membership—which have enriched the decision-making landscape.
The adoption of Vision 2030 marked a pivotal moment as the Foundation began earnest work towards long-term goals, focusing on creating a more equitable and transparent valuation profession. Initiatives like the implementation of blind scoring in the trustee nomination process have successfully increased diversity among board appointments. Through these efforts, The Appraisal Foundation is fostering a more inclusive and competent environment in the valuation profession, significantly enhancing its overall impact on the community.
This information is meant to be a general summary of The Appraisal Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $240,590
- Program Service Revenue: $3,325,388
- Gross Receipts: $7,342,680
Assets and Liabilities:
- Total Assets: $11,800,010
- Total Liabilities: $1,983,707
- Net Assets: $9,816,303
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Publication Revenue
Revenue
$3,050,139
Course Approval PGM Fees & AITF
Revenue
$106,513
Industry Advisory
Revenue
$92,706
NATL Instructor Courses
Revenue
$76,030
Organization Details
Founding Year
1987
Principal Officer
Kelly Davids
Website
www.appraisalfoundation.orgNTEE Category
Code: S41 - Community improvement
If you are a representative of The Appraisal Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.