Form 990 for tax year 2022
Filed by AMERICAN CLOCK & WATCH MUSEUM INC.
Totals
- Total revenue
- $1,074,055
- Total expenses
- $312,879
- Contributions and grants received
- $144,297
- Grants paid
- $0
- Program service revenue
- $178,928
- Investment income
- $741,511
- Other revenue
- $9,319
- Total assets, end of year
- $3,287,715
- Total liabilities, end of year
- $14,141
- Net assets or fund balances, end of year
- $3,273,574
- Program services expenses (Part IX)
- $264,293
- Management and general expenses
- $40,718
- Fundraising expenses
- $7,868
- Program service expenses (Part III)
- $264,293
Program services were 84.5% 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
$22,226
-
1f · All other contributions, gifts and grants
$122,071
-
2a · Program service revenue: SALES OF COLLECTION ITEMS
total $150,000 · related or exempt $150,000
-
2b · Program service revenue: MUSEUM REVENUE
total $16,244 · related or exempt $16,244
-
2c · Program service revenue: MEMBERSHIP DUES & ASSESSMENTS
total $11,876 · related or exempt $11,876
-
2d · Program service revenue: SALES OF NONCOLLECTION ITEMS
total $808 · related or exempt $808
-
3 · Investment income
total $80,845 · excluded $80,845
-
7a · Gross sales of assets other than inventory
securities $660,667
-
7b · Less cost or other basis and sales expenses
securities $1
-
7c · Gain or loss
securities $660,666
-
7d · Net gain or loss
total $660,666 · excluded $660,666
-
8a · Fundraising events: contributions included on line 1c
$22,226
-
10a · Gross sales of inventory
$15,479
-
10b · Cost of goods sold
$6,981
-
10c · Net income from sales of inventory
total $8,498 · unrelated business $8,498
-
11a · Other revenue: OTHER REVENUE
total $821 · related or exempt $821
-
11e · Other revenue, total
$821
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $77,844 · program services $59,940 · management and general $17,904
-
7 · Other salaries and wages
total $71,540 · program services $55,692 · management and general $15,848
-
9 · Other employee benefits
total $1,411 · program services $1,226 · management and general $185
-
10 · Payroll taxes
total $11,426 · program services $8,844 · management and general $2,582
-
11b · Fees: legal
total $11,334 · program services $11,334
-
11g · Fees: other
total $24,745 · program services $18,743 · management and general $1,347 · fundraising $4,655
-
12 · Advertising and promotion
total $1,214 · program services $1,181 · fundraising $33
-
13 · Office expenses
total $6,400 · program services $3,785 · fundraising $2,615
-
14 · Information technology
total $5,143 · program services $5,143
-
17 · Travel
total $2,652 · program services $2,652
-
19 · Conferences, conventions and meetings
total $788 · program services $788
-
22 · Depreciation, depletion and amortization
total $19,800 · program services $19,800
-
23 · Insurance
total $22,050 · program services $21,700 · fundraising $350
-
24a · Other expenses: MAINTENANCE AND REPAIRS
total $25,242 · program services $22,511 · management and general $2,731
-
24b · Other expenses: UTILITIES
total $24,062 · program services $23,941 · management and general $121
-
24c · Other expenses: SUPPLIES
total $1,694 · program services $1,505 · fundraising $189
-
24d · Other expenses: PURCHASE COLLECTIONS
total $1,547 · program services $1,547
-
24e · All other expenses
total $3,987 · program services $3,961 · fundraising $26
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $65,577 · end of year $74,099
-
3 · Pledges and grants receivable
end of year $7,028
-
8 · Inventories for sale or use
beginning of year $12,039 · end of year $11,175
-
9 · Prepaid expenses and deferred charges
beginning of year $7,130 · end of year $1,245
-
10a · Land, buildings and equipment: cost or other basis
$1,032,447
-
10b · Land, buildings and equipment: accumulated depreciation
$577,093
-
10c · Land, buildings and equipment, net
beginning of year $420,676 · end of year $455,354
-
12 · Investments: other securities
beginning of year $3,483,019 · end of year $2,738,814
-
17 · Accounts payable and accrued expenses
beginning of year $13,396 · end of year $14,141
-
27 · Net assets without donor restrictions
beginning of year $2,975,862 · end of year $2,373,443
-
28 · Net assets with donor restrictions
beginning of year $999,183 · end of year $900,131
Mission and programs · 2022
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 252 DAYS IN 2022 (JANUARY - DECEMBER: WEDNESDAYS THROUGH SUNDAYS FROM 10AM TO 5PM, OTHER HOURS BY APPOINTMENT). DURING THIS TIME, WE HAD 3,360 VISITORS FROM 45 STATES AND WASHINGTON DC AND 14 DIFFERENT COUNTRIES.
Expenses $208,862 · Revenue $16,244
-
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. IN 2022, WE ADDED 43 PIECES TO THE COLLECTION THROUGH DONATIONS.
Expenses $37,863 · Revenue $11,876
-
GIFT SHOP
Expenses $17,568 · Revenue $821
As filed on the 2022 return.
Listed in Part VII
-
Patti PhilipponPATTI PHILIPPON
EXECUTIVE DI
- Total calculated
- $77,844
- From this org
- $77,844
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Andrea AdamsANDREA ADAMS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Lisa AttleLISA ATTLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Brian BeckwithBRIAN BECKWITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark BlumMARK BLUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kim Bondeson-CiccarelloKIM BONDESON-CICCARELLO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Howard CohenHOWARD COHEN
CO-PAST PRES
- Total calculated
- $0
- Hours/week
- 0.5
-
Katie D'AgostinoKATIE D'AGOSTINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Greg GortonGREG GORTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tom Manning JrTOM MANNING JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Rachel MuliRACHEL MULI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael NicastroMICHAEL NICASTRO
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Michael RawlinsMICHAEL RAWLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John SmaydaJOHN SMAYDA
CO-PAST PRES
- Total calculated
- $0
- Hours/week
- 0.5
-
Margaret WirtesMARGARET WIRTES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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
- 2022
- Filed
- 30 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333109349303738
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