Appraisal Foundation
Appraisal Foundation
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About this organization
Mission
PROMOTE PROFESSIONALISM AND ENSURE PUBLIC TRUST IN THE VALUATION PROFESSION.
About
BOARD OF TRUSTEESTHE BOARD OF TRUSTEES ACCOMPLISHED A NUMBER OF ITS IMPORTANT INITIATIVES RELATING TO STAKEHOLDER OUTREACH:THE STATE INVESTIGATOR TRAINING PROGRAM WAS DEVELOPED AS A JOINT EFFORT OF THE FOUNDATION AND THE ASSOCIATION OF APPRAISER REGULATORY OFFICIALS (AARO), IN CONSULTATION WITH THE APPRAISAL SUBCOMMITTEE (ASC), TO TRAIN STATE REGULATORS ON USPAP ENFORCEMENT AND INVESTIGATIVE TECHNIQUES. PROGRAM ATTENDANCE SINCE 2009 INCLUDES 54 OF THE 55 STATES AND JURISDICTIONS, WITH 481 ATTENDEES COMPLETING LEVEL 1, 344 COMPLETING LEVEL 2 AND 154 COMPLETING LEVEL 3. THE ASC FUNDS THE ATTENDANCE BY STATE REGULATORS AT INVESTIGATOR TRAINING COURSES THROUGH THE STATE GRANT PROCESS.TWO VALUATION ROUNDTABLES WERE HELD TO DISCUSS TRENDING ISSUES IN THE APPRAISAL PROFESSION. THIS GROUP OF KEY REAL PROPERTY STAKEHOLDERS MET, RECOGNIZING IMPROVEMENTS CAN BE MADE, OVERWHELMINGLY SUPPORTED THE UNIQUE STRUCTURE OF THE CURRENT APPRAISER REGULATORY SYSTEM AND THE STRONG PARTNERSHIP THAT HAS DEVELOPED OVER MANY YEARS OF COOPERATIVE EFFORT. THEY ALSO STRESSED THERE IS A CONTINUED NEED FOR ONE SET OF PROFESSIONAL STANDARDS, THE UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE (USPAP). OTHER TOPICS DISCUSSED INCLUDED THE NEED TO DEVELOP A UNIFORM PROCESS FOR REQUESTS FOR RECONSIDERATION OF VALUE.IN AN EFFORT TO PROVIDE TIMELY INFORMATION TO APPRAISERS, THE FOUNDATION MADE SIGNIFICANT STRIDES IN PRODUCING LIVE AND RECORDED WEBINARS. IN MAY, THE FOUNDATION OFFERED A FREE WEBINAR TITLED ALTERNATIVES TO EVALUATIONS: USING RESTRICTED APPRAISAL REPORTS IN YOUR PRACTICE, RECORDED A WEBINAR ON THE CHANGES TO THE 2018-2019 EDITION OF USPAP AND PRODUCED ITS FIRST LIVE STREAM OF A PUBLIC MEETING. THE UNIFORM APPRAISAL STANDARDS FOR FEDERAL LAND ACQUISITIONS, MORE COMMONLY KNOWN AS THE "YELLOW BOOK," WAS RELEASED IN DECEMBER 2016. THE FOUNDATION IS THE PUBLISHER OF THE BOOK, AND IT IS AVAILABLE FOR PURCHASE IN BOTH PRINT AND ELECTRONIC VERSIONS. IN ADDITION, THE FOUNDATION WILL ACT AS THE WHOLESALER FOR YELLOW BOOK-RELATED COURSES.THE ORIGINAL FIVE-YEAR MEMORANDUM OF UNDERSTANDING (MOU) WITH THE US DEPARTMENT OF ENERGY (DOE) WAS RENEWED FOR THREE MORE YEARS. AS PART OF THAT AGREEMENT, THE FOUNDATION WILL OFFER GUIDANCE ON THE VALUATION OF GREEN OR HIGH-PERFORMANCE PROPERTIES. TWO VALUATION ADVISORIES HAVE ALREADY BEEN ISSUED: VALUATION OF GREEN AND HIGH PERFORMANCE PROPERTY: BACKGROUND AND CORE COMPETENCY, AND VALUATION OF GREEN AND HIGH PERFORMANCE PROPERTY: ONE TO FOUR-UNIT RESIDENTIAL. THE FOUNDATION CONTINUES TO PARTICIPATE IN VARIOUS INTERNATIONAL ACTIVITIES THAT INCLUDING ACTIVE ROLES IN THE INTERNATIONAL VALUATION STANDARDS COUNCIL (IVSC), THE INTERNATIONAL PROPERTY MEASUREMENT STANDARDS COUNCIL (IPMSC), AND THE INTERNATIONAL ETHICS STANDARDS COALITION (IESC).
Interesting data from their 2020 990 filing
According to the filing documents, the non-profit's mission is defined as “The appraisal foundation is dedicated to promoting professionalism and enduring public trust in the valuation profession.”.
When referring to its tasks, they were referred to as: “Promote professionalism and ensure public trust in the valuation profession.”.
- The non-profit's state of operation has been legally reported as IL.
- According to the latest filing, the non-profit's address in 2020 is 1155 15TH STREET NW NO 1111, WASHINGTON, DC, 20005.
- The total number of employees reported by the non-profit on their form for 2020 is 14.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $2,227,336.
- The organization has 23 independent voting members.
- The organization was formed in 1987.
- The organization pays $1,786,343 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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