American Watchmakers Institute Inc
- Assets
- $8.9m
- Revenue
- $652.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Harrison, OH
- Founding
- 09/1962
- Data as of
- 06/2024
- EIN
- 31-0731708
Organization Overview
American Watchmakers Institute Inc is located in Harrison, OH. The organization was established in 1962. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, American Watchmakers Institute Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Watchmakers Institute Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2024, American Watchmakers Institute Inc generated $652.2k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $844.1k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE HOROLOGY PROFESSION THROUGH A RANGE OF EDUCATION, CERTIFICATION, COMMUNICATIONS, AND BUSINESS SERVICES AND PROVIDE A MEMBER DIRECTORY OF PROFESSIONAL CLOCKMAKERS/WATCHMAKERS TO CONNECT WITH REPAIR/RETAIN SOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLD OUT OVER 97% OF OUR CONTINUING EDUCATION COURSES; INCREASED ANNUAL MEMBERSHIP BY 10 AS OF THIS DATE; SOLD OUT OUR ANNUAL FALL SYMPOSIUM; MONTHLY MAGAZINE AGAIN AWARDED, FOR SECOND YEAR IN A ROW, BY TRADE PUBLICATION AWARDS CONTEST
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Kurdzionak Treasurer - Former | OfficerTrustee | 4 | $0 |
Justin Harrell Former Director | Trustee | 2 | $0 |
Mike Creasy Director | Trustee | 2 | $0 |
Nick Butt Former Director | Trustee | 2 | $0 |
Christopher Carey Secretary | OfficerTrustee | 4 | $0 |
David Lindow President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $154,767 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,768 |
| Total Program Service Revenue | $293,740 |
| Investment income | $195,186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$29,256 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $33,350 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $652,248 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,876 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $519 |
| Payroll taxes | $23,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,097 |
| Fees for services: Accounting | $25,274 |
| Fees for services: Lobbying | $2,663 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,808 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,516 |
| Office expenses | $28,900 |
| Information technology | $13,672 |
| Royalties | $2,841 |
| Occupancy | $60,708 |
| Travel | $18,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,022 |
| Interest | $4,452 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,221 |
| Insurance | $10,301 |
| All other expenses | $90,893 |
| Total functional expenses | $844,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,953 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,770 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $89,327 |
| Prepaid expenses and deferred charges | $4,883 |
| Net Land, buildings, and equipment | $807,890 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,903,504 |
| Intangible assets | $0 |
| Other assets | $5,780 |
| Total assets | $8,880,107 |
| Accounts payable and accrued expenses | $30,549 |
| Grants payable | $0 |
| Deferred revenue | $65,620 |
| 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 | $0 |
| Total liabilities | $96,169 |
| Net assets without donor restrictions | $8,783,938 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,880,107 |