Overview
What is Appraisal Institute Education And Relief Foundation?
The Appraisal Institute Education and Relief Foundation, situated in Chicago, IL, is a charitable organization devoted to supporting the appraisal profession. It distributes funds for scholarships, internships, grants, and awards to qualified individuals, aiming to foster their growth and development in the field. The foundation is also involved in literary, educational, and scientific pursuits, with a focus on advancing appraisal techniques. By conducting extensive research into real estate appraisal, the organization uncovers valuable insights, which it makes accessible to the public. Moreover, the foundation recognizes individuals who have made substantial contributions to the appraisal profession.
Official website here: www.aierf.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Appraisal Institute Education and Relief Foundation has achieved a remarkable 97% score, reflecting its strong commitment to accountability and finance practices. This rating signifies the organization's effective management of resources, with a perfect score in several key areas, including board independence and financial policies. The foundation demonstrates transparency and responsible governance, ensuring that donors' contributions are utilized effectively.
With an impressive program expense ratio of 82.25%, the foundation allocates a significant portion of its funds directly to its programs, highlighting its focus on mission-driven work. Additionally, the absence of any material diversion of assets indicates a high level of integrity and reliability in its operations. The independent board structure further enhances its accountability, ensuring that decisions are made with the best interests of the organization and its beneficiaries in mind.
While the foundation has shown exceptional performance in financial accountability, continuous monitoring of its operational effectiveness and program outcomes will be important for maintaining trust and support from its stakeholders. Overall, the Appraisal Institute Education and Relief Foundation stands out as a well-managed nonprofit organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Appraisal Institute Education And Relief Foundation legitimate?
Appraisal Institute Education And Relief Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Appraisal Institute Education And Relief 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.
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Official website here: www.aierf.org/
What is the mission statement of Appraisal Institute Education And Relief Foundation?
The Appraisal Institute Education and Relief Foundation is dedicated to providing financial assistance in the form of scholarships, internships, grants, and awards to qualified individuals. The organization operates with a charitable, literary, educational, and scientific purpose, aiming to advance the field of real estate appraisal. It conducts research into various aspects of appraisal techniques and makes the findings publicly available. The foundation also recognizes individuals who have made significant contributions to the appraisal profession. Its primary focus is on supporting the development and growth of individuals in the appraisal field.
Official website here: www.aierf.org/
Who is the CEO of Appraisal Institute Education And Relief Foundation?
Lawrence Wan is the Chair of Appraisal Institute Education And Relief Foundation.
Official website here: www.aierf.org/
What is the revenue of Appraisal Institute Education And Relief Foundation?
Appraisal Institute Education And Relief Foundation's revenue in 2022 was $489,116.
Official website here: www.aierf.org/
Who are the executives of Appraisal Institute Education And Relief Foundation and what are their salaries?
There 13 volunteers at Appraisal Institute Education And Relief Foundation.
Here are 15 key members and their salaries:
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- Related: $167,608
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- Related: $253,925
- Other: $28,780
Official website here: www.aierf.org/
Where can I find the form 990 for Appraisal Institute Education And Relief Foundation?
Appraisal Institute Education And Relief Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aierf.org/
Learn more at the official website: www.aierf.org/
Mission Statement of Appraisal Institute Education And Relief Foundation
The Appraisal Institute Education and Relief Foundation, abbreviated as AIERF, is a charitable organization with a mission to support individuals in the field of real estate appraisal. Its primary goal is to provide financial aid in the form of scholarships, internships, grants, and awards to deserving individuals who demonstrate potential in this profession. The foundation is dedicated to promoting and conducting research on various aspects of real estate appraisal. The findings from this research are made publicly available, contributing to the advancement of the appraisal techniques and the profession as a whole.
Furthermore, the AIERF recognizes and honors individuals who have made significant contributions to the field of real estate appraisal. By offering these scholarships, internships, grants, and awards, the foundation aims to inspire and support the next generation of appraisers, ensuring the continued growth and development of the profession. The AIERF's mission is aligned with its organizational structure, which is focused on charitable, literary, educational, and scientific purposes.
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Impact
July, 2024
Appraisal Institute Education And Relief Foundation provides funds for scholarships, internships, grants, and awards to qualified individuals. It advances appraisal techniques and the appraisal profession through charitable, literary, educational, and scientific purposes. The foundation promotes and conducts research into all aspects of real estate appraisal, making its findings available to the public. It also recognizes individuals who make significant contributions to the field.
This information is meant to be a general summary of Appraisal Institute Education And Relief 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 2022.
- Investment Income: $404,005
- Gross Receipts: $770,274
Assets and Liabilities:
- Total Assets: $6,811,349
- Total Liabilities: $7,899
- Net Assets: $6,803,450
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Organization Details
Founding Year
1963
Phone
(312) 335-4133Principal Officer
Lawrence Wan
Main Address
200 WEST MADISON SUITE 1500, CHICAGO, IL, 60606
Website
www.aierf.org/NTEE Category
Code: B82Z - Education
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