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Nonprofiteer
← AMERICAN CLOCK & WATCH MUSEUM INC

Form 990 for tax year 2024

Filed by AMERICAN CLOCK & WATCH MUSEUM INC.

Totals

Total revenue
$623,318
Total expenses
$355,763
Contributions and grants received
$310,241
Grants paid
$0
Program service revenue
$39,882
Investment income
$252,444
Other revenue
$20,751
Total assets, end of year
$4,615,462
Total liabilities, end of year
$12,635
Net assets or fund balances, end of year
$4,602,827
Program services expenses (Part IX)
$296,907
Management and general expenses
$50,887
Fundraising expenses
$7,969
Program service expenses (Part III)
$296,907

Program services were 83.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $27,139

  • 1f · All other contributions, gifts and grants

    $283,102

  • 2a · Program service revenue: ADMISSIONS

    total $22,543 · related or exempt $22,543

  • 2b · Program service revenue: MEMBERSHIP DUES & ASSESSMENTS

    total $10,048 · related or exempt $10,048

  • 2c · Program service revenue: SALES OF COLLECTION ITEMS

    total $7,291 · related or exempt $7,291

  • 3 · Investment income

    total $135,597 · excluded $135,597

  • 7a · Gross sales of assets other than inventory

    securities $162,762

  • 7b · Less cost or other basis and sales expenses

    securities $45,915

  • 7c · Gain or loss

    securities $116,847

  • 7d · Net gain or loss

    total $116,847 · excluded $116,847

  • 8a · Fundraising events: contributions included on line 1c

    $27,139

  • 10a · Gross sales of inventory

    $16,082

  • 10b · Cost of goods sold

    $7,305

  • 10c · Net income from sales of inventory

    total $8,777 · unrelated business $8,777

  • 11a · Other revenue: OTHER REVENUE

    total $11,974 · related or exempt $11,974

  • 11e · Other revenue, total

    $11,974

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $167,511 · program services $130,921 · management and general $36,590

  • 9 · Other employee benefits

    total $1,198 · program services $1,112 · management and general $86

  • 10 · Payroll taxes

    total $12,814 · program services $10,015 · management and general $2,799

  • 11c · Fees: accounting

    total $11,500 · program services $11,500

  • 11f · Fees: investment management

    total $4,437 · management and general $4,437

  • 11g · Fees: other

    total $26,390 · program services $17,175 · management and general $3,991 · fundraising $5,224

  • 12 · Advertising and promotion

    total $280 · program services $280

  • 13 · Office expenses

    total $2,384 · program services $2,384

  • 14 · Information technology

    total $10,296 · program services $10,296

  • 17 · Travel

    total $2,729 · program services $2,729

  • 19 · Conferences, conventions and meetings

    total $969 · program services $945 · fundraising $24

  • 22 · Depreciation, depletion and amortization

    total $34,790 · program services $34,790

  • 23 · Insurance

    total $26,722 · program services $26,372 · fundraising $350

  • 24a · Other expenses: MAINTENANCE AND REPAIRS

    total $22,415 · program services $19,557 · management and general $2,858

  • 24b · Other expenses: UTILITIES

    total $18,277 · program services $18,151 · management and general $126

  • 24c · Other expenses: PRINTING

    total $3,755 · program services $2,063 · fundraising $1,692

  • 24d · Other expenses: SUPPLIES

    total $2,316 · program services $2,200 · fundraising $116

  • 24e · All other expenses

    total $6,980 · program services $6,417 · fundraising $563

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $130,335 · end of year $46,070

  • 3 · Pledges and grants receivable

    end of year $43,000

  • 8 · Inventories for sale or use

    beginning of year $10,203 · end of year $10,526

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,748 · end of year $3,930

  • 10a · Land, buildings and equipment: cost or other basis

    $1,057,375

  • 10b · Land, buildings and equipment: accumulated depreciation

    $248,489

  • 10c · Land, buildings and equipment, net

    beginning of year $747,118 · end of year $808,886

  • 12 · Investments: other securities

    beginning of year $3,255,078 · end of year $3,677,550

  • 15 · Other assets

    end of year $25,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $147,438 · end of year $12,635

  • 27 · Net assets without donor restrictions

    beginning of year $2,854,488 · end of year $3,297,296

  • 28 · Net assets with donor restrictions

    beginning of year $1,143,556 · end of year $1,305,531

Mission and programs · 2024

Mission

THE AMERICAN CLOCK & WATCH MUSEUM CELEBRATES THE INNOVATION AND ARTISTRY OF THE CLOCK AND WATCH INDUSTRIES THROUGH UNIQUE COLLECTIONS THAT ENGAGE, EDUCATE AND ENRICH ITS COMMUNITY.

  • MUSEUM WAS OPEN 248 DAYS IN 2024 (JANUARY - DECEMBER: WEDNESDAYS THROUGH SUNDAYS FROM 10AM TO 5PM, OTHER HOURS BY APPOINTMENT). DURING THIS TIME, WE HAD OVER 4,000 VISITORS FROM 44 STATES AND WASHINGTON DC AND 18 DIFFERENT COUNTRIES.

    Expenses $224,446 · Revenue $22,543

  • THE ACWM MAINTAINS A COLLECTION OF OVER 2,500 CLOCKS AND 3,500 WATCHES, PLUS EPHEMERA AND ARCHIVAL MATERIAL THAT SUPPORT THE MUSEUM'S MISSION.

    Expenses $52,635 · Revenue $10,048

  • GIFT SHOP

    Expenses $19,826 · Revenue $10,086

As filed on the 2024 return.

Listed in Part VII

  • Patti Philippon

    EXECUTIVE DI

    Total calculated
    $83,472
    From this org
    $83,472
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Howard Cohen Termed May 2024

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Margaret Wirtes Termed May 2024

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rachel Mull Termed May 2024

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrea Adams

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Lisa Attle

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brian Beckwith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Blum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Bondeson-Ciccarello

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Katie D'Agostino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Gorton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Manning Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Newman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Nicastro

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Smayda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.0
Source object
202533199349301658

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