American Watchmakers Institute Inc
- Assets
- $8.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Harrison, OH
- Founding
- 09/1962
- Data as of
- 06/2022
- 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 06/2022, American Watchmakers Institute Inc employed 4 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 06/2022, American Watchmakers Institute Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $743.9k during the year ending 06/2022. 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
2022
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
PROMOTE THE TIMEKEEPING OR HOROLOGY PROFESSION THROUGH A RANGE OF EDUCATION, CERTIFICATION, COMMUNICATIONS, AND BUSINESS SERVICES AND PROVIDE A MEMBER DIRECTORY OF PROFESSIONAL CLOCKMAKERS AND WATCHMAKERS TO CONNECT CONSUMERS WITH REPAIR AND RETAIL SOURCES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Butt Director | OfficerTrustee | 2 | $0 |
Justin Harrell Director | OfficerTrustee | 2 | $0 |
Jack Kurdzionak Treasurer | OfficerTrustee | 4 | $0 |
Aaron Recksiek Vice Preside | OfficerTrustee | 4 | $0 |
Christopher Carey Secretary | Trustee | 4 | $0 |
Mike Creasy Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $163,478 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,478 |
| Total Program Service Revenue | $240,496 |
| Investment income | $257,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $390,944 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $41,507 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,097,129 |
| 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 | $228,232 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,355 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,716 |
| Fees for services: Accounting | $10,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,369 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,565 |
| Office expenses | $48,753 |
| Information technology | $8,807 |
| Royalties | $18,687 |
| Occupancy | $59,651 |
| Travel | $48,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,175 |
| Interest | $12,081 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,427 |
| Insurance | $25,462 |
| All other expenses | $33,945 |
| Total functional expenses | $743,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,146 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,145 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $75,750 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $954,053 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,374,486 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $8,579,580 |
| Accounts payable and accrued expenses | $38,331 |
| Grants payable | $0 |
| Deferred revenue | $2,785 |
| 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 | $401,019 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $442,135 |
| Net assets without donor restrictions | $8,137,445 |
| 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 | $8,579,580 |
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The Chamber Of Commerce For Greater Philadelphia Philadelphia, PA | $17,253,411 | $11,743,354 |
Indiana Chamber Of Commerce Inc Indianapolis, IN | $7,894,910 | $10,261,881 |
Greater Indianapolis Chamber Of Commerce Inc Indianapolis, IN | $15,080,070 | $11,498,115 |
Small Business Assoc Of Mich Lansing, MI | $1,798,183 | $7,497,354 |
Ohio Association Of Realtors Columbus, OH | $13,314,743 | $8,037,922 |
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