Overview
What is Illinois Property Assessment Instit?
The Illinois Property Assessment Institute (IPAI) is a nonprofit organization situated in Bloomington, Illinois. Their primary mission is to provide credentialing and ongoing education for property assessment professionals operating within the state. They achieve this objective by hosting conferences and organizing standalone courses across Illinois annually. These educational activities help professionals meet the continuous education requirements required for licensing in Illinois. With a team of five dedicated individuals, IPAI plays a crucial role in enhancing the competence of property assessment professionals in Illinois.
Official website here: www.ipaieducation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
The Illinois Property Assessment Institute has received an overall score of 84%, indicating a solid performance in the accountability and finance areas. The rating is attributed entirely to its Accountability & Finance score, which reflects some strong metrics, including 100% independent board members and a low liabilities to assets ratio of 22.03%. The organization also demonstrates effective program expense management with an impressive program expense ratio of 83.02%.
Despite these strengths, there are notable weaknesses in certain governance policies. The organization lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could raise concerns about transparency and accountability. Additionally, while board meeting minutes are properly documented, the nonprofit has not posted its tax form on its website as required.
Overall, while the Illinois Property Assessment Institute shows commendable financial health and governance with an independent board, addressing the missing policies could enhance its accountability and further improve its rating.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Property Assessment Instit legitimate?
Illinois Property Assessment Instit is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Property Assessment Instit 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: $76,766
Professional Fundraising Fees: $0
Other Salaries and Wages: $116,699
For more financial information, click here
Official website here: www.ipaieducation.org
What is the mission statement of Illinois Property Assessment Instit?
The Illinois Property Assessment Institute (IPAI) is committed to providing credentialing and ongoing education to property assessment professionals within Illinois. This is achieved through conducting various conferences and standalone courses across the state annually. The organization's primary activity involves the development and sponsorship of courses that meet the continuing educational requirements necessary for licensing in Illinois. These educational initiatives aim to enhance the knowledge and skills of property assessors and appraisers, thereby contributing to the overall professional development in the field.
Official website here: www.ipaieducation.org
Who is the CEO of Illinois Property Assessment Instit?
Josh Barnett is the Executive Di of Illinois Property Assessment Instit.
Official website here: www.ipaieducation.org
What is the revenue of Illinois Property Assessment Instit?
Illinois Property Assessment Instit's revenue in 2022 was $516,848.
Official website here: www.ipaieducation.org
Who are the executives of Illinois Property Assessment Instit and what are their salaries?
The average compensation at Illinois Property Assessment Instit during 2022 was $38,693. There are 5 employees and 30 volunteers at Illinois Property Assessment Instit.
Here are 8 key members and their salaries:
- Compensation: $76,766
- Related: $0
- Other: $2,303
- 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
Official website here: www.ipaieducation.org
Where can I find the form 990 for Illinois Property Assessment Instit?
Illinois Property Assessment Instit's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ipaieducation.org
Learn more at the official website: www.ipaieducation.org
Mission Statement of Illinois Property Assessment Instit
The Illinois Property Assessment Institute, abbreviated as IPAI, is committed to furthering the knowledge and skills of property assessment professionals within the state of Illinois. This mission is accomplished through the organization's dedication to conducting numerous conferences and standalone courses across the state annually. These educational events cater to appraisers and assessors, ensuring they meet the continuing educational requirements necessary for licensing in Illinois. By providing these opportunities, IPAI plays a vital role in upholding the professional standards and competence of property assessment professionals within the state.
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Impact
July, 2024
The Illinois Property Assessment Institute's impact lies in providing credentialing and continuing education to property assessment professionals in Illinois. By developing and sponsoring courses for appraisers and assessors, IPAI plays a crucial role in meeting the continuing educational requirements necessary for licensing in the state. Through its conferences and standalone courses held throughout the year, IPAI contributes to the professional development and knowledge enhancement of individuals working in the property assessment field, ultimately leading to more skilled and knowledgeable professionals contributing to the housing sector in Illinois.
This information is meant to be a general summary of Illinois Property Assessment Instit. 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: $6,567
- Program Service Revenue: $507,670
- Gross Receipts: $536,927
Assets and Liabilities:
- Total Assets: $602,726
- Total Liabilities: $120,547
- Net Assets: $482,179
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$501,070
SPONSORSHIPS
Revenue
$5,900
CIAO REVENUE
Revenue
$700
Organization Details
Founding Year
1966
Phone
(309) 862-0300Principal Officer
Josh Barnett
Main Address
207 W JEFFERSON ST STE 303, BLOOMINGTON, IL, 61701
Website
www.ipaieducation.orgNTEE Category
Code: L99Z - Housing
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