The Green Mission Inc. Seeks to Help Sustain the Deconstruction, Donation, and Appraisal Industry
Born from the desire to shore up standards and raise the bar in the personal property appraisal and deconstruction industry, The Green Mission Inc. specializes in waste diversion strategies and the interrelated fields of:
We offer high-level research and experience within the deconstruction management, personal property appraisal, and tax expertise fields of study. Our background and experience allows us to fill an urgent need within the sustainable building and donation industry. Our devotion to producing well-researched, ethically-created, and conservative personal property appraisals is topped only by our desire to be a pillar of reliability within the green space.
Instead of taking advantage of a broken system, The Green Mission Inc. works with green industry leaders and appraisal standard boards and other relevant decision makers to insist upon raising the bar across the appraisal industry. We work to promulgate appraiser requirements such as: college course completion in relevant fields of study (including finance, accounting, and construction management), rigorous examination standards, a closer inspection of relevant work experience, stronger continuing education course requirements, and an overall competency demonstrated through evaluation of produced appraisals.
The Green Mission Inc. provides IRS qualified personal property appraisals for individuals and corporations looking to pursue a non-monetary donation. This donation could be to both a 501(c)(3) non-profit organization and/or government entities likes schools, colleges, parks and recreation facilities, and multiple other government organizations Under that..
Unlike Certified Public Accountants, attorneys, Certified Financial Planners and Real Estate Appraisers, the current qualification requirements for appraising personal property and deconstructed materials are not rigorous enough to ensure proper education and experience are attained. Until 2018, appraisers with zero graduate or postgraduate education could be..
If one were to research the world of deconstruction and property donation through a quick Google search, voluminous articles can be found outlining the many individuals and corporations taking advantage of these programs. There are multiple reasons the individual or corporation commence this process including financial, philanthropic, and/or environmental...
As a taxpayer, you may be entitled to deduct the Fair Market Value of deconstructed materials and/or personal property that you have donated to a 501(c)3 non-profit organization or government entity on the 1040 Schedule A - Itemized Deductions. A corporation can also take advantage of this program by similarly pursuing a deduction on their 1120 return. In either deduction scenario, a donor must seek advice from their Certified Public Accountant, tax attorney, or tax professional regarding the deduction with regard to their basis in the assets, holding period, and any other relevant situations pertaining to their specific tax considerations.
IRS guidelines require donors to obtain a qualified appraisal produced by a qualified appraiser if the Fair Market Value is greater than $5,000. These appraisals must be produced conservatively, accurately and in-line with all IRS codifications and relevant case law. For information on penalties you could incur by using an unqualified appraiser, please email info@thegreenmissioninc.com or refer to the following IRS codifications:
Instead of taking advantage of a broken system, The Green Mission Inc. works with green industry leaders and appraisal standard boards and other relevant decision makers to insist upon raising the bar across the appraisal industry. We work to promulgate appraiser..
Read MoreThe Green Mission Inc. is headquartered in beautiful and historic downtown Fredericksburg. Our office embodies our mission with secondhand furnishings and decorations courtesy of Goodwill and Fredericksburg's Habitat for Humanity ReStore.
