National Association Of Watch And Clock Collectors Inc
- Assets
- $7.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 19
- Location
- Columbia, PA
- Founding
- 10/2012
- Data as of
- 03/2020
- 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 03/2022, National Association Of Watch And Clock Collectors Inc employed 19 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 03/2020, National Association Of Watch And Clock Collectors Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $2.2m during the year ending 03/2020. While expenses have increased by 0.3% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SEEKS TO ENCOURAGE MEMBER AND PUBLIC INTEREST IN THE STUDY OF TIME AND TIMEKEEPING VIA EDUCATIONAL OPPORTUNITIES, SPECIAL PUBLICATIONS, MEMBER AND PUBLIC EVENTS AND ACCESS TO THE LIBRARY/MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SEEKS TO ENHANCE THE EDUCATION OF THE HISTORICAL AND SCIENTIFIC IMPORTANCES OF CLOCKS AND WATCHES TO THE GENERAL PUBLIC AND ITS 9,437 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 |
|---|---|---|---|
Doug Runkle 421-921 Controller | Officer | 40 | $20,172 |
Rory Mcevoy Joined 222 Executive Director | Officer | 40 | $19,000 |
Richard Newman Chair/director | OfficerTrustee | 25 | $0 |
James C Price Director/chair | OfficerTrustee | 55 | $0 |
Sherry Kitts Joined 721 Secretary | OfficerTrustee | 18 | $0 |
Rhett Lucke Secretary/vice Chair | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,823,321 |
| Investment income | $110,142 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,082 |
| Net Gain/Loss on Asset Sales | $15,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $24,826 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,488,081 |
| Statement of Expenses | |
|---|---|
| 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. | $105,874 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $677,647 |
| Pension plan accruals and contributions | $16,756 |
| Other employee benefits | $79,421 |
| Payroll taxes | $59,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,692 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,247 |
| Fees for services: Other | $113,526 |
| Advertising and promotion | $15,791 |
| Office expenses | $199,103 |
| Information technology | $11,262 |
| Royalties | $0 |
| Occupancy | $113,272 |
| Travel | $36,097 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $198,708 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $279,058 |
| Insurance | $38,398 |
| All other expenses | $0 |
| Total functional expenses | $2,171,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,273 |
| Savings and temporary cash investments | $86,428 |
| Pledges and grants receivable | $328,640 |
| Accounts receivable, net | $28,220 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,095 |
| Prepaid expenses and deferred charges | $48,486 |
| Investments—publicly traded securities | $2,888,674 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,480,345 |
| Accounts payable and accrued expenses | $159,430 |
| Grants payable | $0 |
| Deferred revenue | $115,888 |
| 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 | $170,216 |
| Total liabilities | $445,534 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $7,034,811 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Association Of Watch And Clock Collectors Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Hohmann Foundation New York, NY PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANZIATION'S EXEMPT PURPOSE | $2,000 |
Endowment Analysis
| Beg. Balance | $2,478,286 |
| Earnings | $72,297 |
| Admin Expense | $10,202 |
| Net Contributions | $40,643 |
| Other Expense | $77,135 |
| Ending Balance | $2,503,889 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
National Museum Of Mathematics New York, NY | $42,218,242 | $9,885,068 |
Chesapeake Bay Maritime Museum Inc Saint Michaels, MD | $39,670,845 | $11,802,090 |
Independence Seaport Museum Philadelphia, PA | $22,539,825 | $3,083,203 |
Amigos Del Museo Del Barrio New York, NY | $18,789,462 | $15,193,674 |