National Association Of Watch And Clock Collectors Inc
- Assets
- $8.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 26
- Location
- Columbia, PA
- Founding
- 10/2012
- Data as of
- 03/2024
- EIN
- 23-2072465
Organization Overview
National Association Of Watch And Clock Collectors Inc is located in Columbia, PA. The organization was established in 2012. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2024, National Association Of Watch And Clock Collectors Inc employed 26 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. National Association Of Watch And Clock Collectors 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 03/2024, National Association Of Watch And Clock Collectors Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $2.6m during the year ending 03/2024. While expenses have increased by 2.2% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE MEMBER AND PUBLIC INTEREST IN THE STUDY OF TIME AND TIMEKEEPING
Describe the Organization's Program Activity:
THE ORGANIZATION SEEKS TO ENHANCE THE EDUCATION OF THE HISTORICAL AND SCIENTIFIC IMPORTANCES OF CLOCKS AND WATCHES TO THE GENERAL PUBLIC AND ITS 8,600 MEMBERS THROUGH PUBLICATIONS AND PROGRAMS, INCLUDING A MUSEUM AND LIBRARY, AS WELL AS THE AVAILABILITY TO STUDY THE CONSTRUCTION AND REPAIR OF CLOCKS AND WATCHES AT EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhett Lucke Chair | OfficerTrustee | 22 | $0 |
Renee Coulson Vice-Chair | OfficerTrustee | 10 | $0 |
Richard Newman Left 723 Vice Chair | OfficerTrustee | 4 | $0 |
Sherry Kitts Secretary | OfficerTrustee | 25.75 | $0 |
Robert Burton Treasurer | OfficerTrustee | 15 | $0 |
James T Dutton Left 723 Treasurer | OfficerTrustee | 18 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $795,121 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $890,387 |
| Noncash contributions included in lines 1a–1f | $595,050 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,685,508 |
| Total Program Service Revenue | $431,111 |
| Investment income | $102,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,987 |
| Net Gain/Loss on Asset Sales | $137,276 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $30,929 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,455,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $169,883 |
| Compensation of current officers, directors, key employees. | $102,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $489,244 |
| Pension plan accruals and contributions | $4,483 |
| Other employee benefits | $53,045 |
| Payroll taxes | $48,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $88,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,231 |
| Fees for services: Other | $128,198 |
| Advertising and promotion | $17,899 |
| Office expenses | $107,692 |
| Information technology | $30,443 |
| Royalties | $0 |
| Occupancy | $213,055 |
| Travel | $43,664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $87,312 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $305,026 |
| Insurance | $52,243 |
| All other expenses | $23,014 |
| Total functional expenses | $2,590,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,230 |
| Savings and temporary cash investments | $146,380 |
| Pledges and grants receivable | $94,708 |
| Accounts receivable, net | $15,882 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,614 |
| Prepaid expenses and deferred charges | $98,585 |
| Net Land, buildings, and equipment | $3,456,089 |
| Investments—publicly traded securities | $4,108,820 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,163 |
| Total assets | $8,126,471 |
| Accounts payable and accrued expenses | $49,894 |
| Grants payable | $0 |
| Deferred revenue | $106,618 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $157,771 |
| Total liabilities | $314,283 |
| Net assets without donor restrictions | $5,819,973 |
| Net assets with donor restrictions | $1,992,215 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,126,471 |