Willard House & Clock Museum Inc
- Assets
- $2.5m
- Revenue
- $364.1k
- Investments
- $1.6m
- Employees
- 0
- Location
- North Grafton, MA
- Founding
- 11/1979
- Data as of
- 12/2022
- EIN
- 04-2671799
Organization Overview
Willard House & Clock Museum Inc is located in North Grafton, MA. The organization was established in 1979. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willard House & Clock Museum Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Willard House & Clock Museum Inc generated $364.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $513.6k during the year ending 12/2022. While expenses have increased by 10.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN THE OPERATING ASSETS OF THE MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Andrews President | 4 | $0 | |
Sumner Tilton Vice-President | 2 | $0 | |
Robert C Cheney Trustee | 40 | $89,554 | |
Charles Grichar Treasurer | 4 | $0 | |
Paul Foley Trustee | 2 | $0 | |
Jane Robinson Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $258,409 |
| Interest on Savings | $774 |
| Dividends & Interest | $33,213 |
| Net Rental Income | $9,689 |
| Net Gain on Sale of Assets | $38,251 |
| Capital Gain Net Income | $38,251 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $4,802 |
| Other Income | $10,420 |
| Total Revenue | $364,069 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $89,554 |
| Other employee salaries and wages | $153,258 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $30,027 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $26 |
| Printing and publications | $0 |
| Other expenses | $232,415 |
| Total operating and administrative expenses | $513,640 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $513,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,218 |
| Savings and temporary cash investments | $29,732 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $2,320 |
| Prepaid expenses and deferred charges | $1,212 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $754,004 |
| Other assets | $0 |
| Total assets | $2,503,042 |
| Accounts payable and accrued expenses | $1,259 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,259 |