2024-10-02T06:57:18-05:00 2024-03-31 232108173 RKL LLP 3501 CONCORD ROAD STE 250 YORK PA 17402 990 2023-04-01 232072465 NATIONAL ASSOCIATION OF WATCH AND CLOCK COLLECTORS INC NATI 7176848261 514 POPLAR STREET COLUMBIA PA 175122130 ROBERT B BURTON TREASURER 7176848261 2024-09-27 1 0 DOUGLAS L BERMAN CPA P01269555 7178433804 2024-09-27 2023 2024-10-15 13:58:12Z ROBERT B BURTON 514 POPLAR STREET COLUMBIA PA 175122130 3659669 0 5899 X WWW.NAWCC.ORG X 1978 PA ENCOURAGE MEMBER AND PUBLIC INTEREST IN THE STUDY OF TIME AND TIMEKEEPING 12 12 26 20 57265 3643 1221353 1685508 360930 431111 105562 239690 85328 98751 1773173 2455060 0 0 0 0 698501 764704 0 0 141892 1307545 1825759 2006046 2590463 -232873 -135403 7925278 8126471 395093 314283 7530185 7812188 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. 0 0 1857163 442560 THE ORGANIZATION SEEKS TO ENHANCE THE EDUCATION OF THE HISTORICAL AND SCIENTIFIC IMPORTANCES OF CLOCKS AND WATCHES TO THE GENERAL PUBLIC AND ITS 8,600 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. 1857163 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 16 0 1 26 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 CA CO CT GA MA MD MS NC NH NJ NY OK OR PA TN WA X X X BRIANNA ARDINI 7176848261 514 POPLAR STREET COLUMBIA PA 175122130 RHETT LUCKE CHAIR 22.00 X X 0 0 0 RENEE COULSON VICE-CHAIR 10.00 X X 0 0 0 RICHARD NEWMAN LEFT 723 VICE CHAIR 4.00 X X 0 0 0 SHERRY KITTS SECRETARY 25.75 X X 0 0 0 ROBERT BURTON TREASURER 15.00 X X 0 0 0 JAMES T DUTTON LEFT 723 TREASURER 18.00 X X 0 0 0 LEROY BAKER DIRECTOR 18.00 X 0 0 0 THOMAS A COMPTON LEFT 723 DIRECTOR 5.00 X 0 0 0 JOHN COTE DIRECTOR 12.00 X 0 0 0 CATHY GORTON DIRECTOR 5.00 X 0 0 0 PHILIP E MORRIS DIRECTOR 6.00 X 0 0 0 RALPH POKLUDA LEFT 723 DIRECTOR 5.00 X 0 0 0 JARRETT HARKNESS START 723 DIRECTOR 6.00 X 0 0 0 GEOFFERY SPARKERSTART 723 DIRECTOR 5.00 X 0 0 0 JEFF ZUSPAN START 723 DIRECTOR 11.00 X 0 0 0 ELIEL GARCIA START 723 DIRECTOR 5.00 X 0 0 0 RORY MCEVOY EXECUTIVE DIRECTOR 40.00 X 106473 0 9682 JESSICA HUTCHINSONLEFT 723 CONTROLLER 40.00 X 34824 0 5194 BRIANNA ARDINI START 1023 CONTROLLER 40.00 X 14875 0 1130 156172 0 16006 1 0 0 0 0 795121 890387 595050 1685508 NATIONAL CONVENTION 513120 207309 207309 ADVERTISING INCOME 541800 101677 44412 57265 TUITION & FEES 611600 69140 69140 MUSEUM ADMISSIONS 513120 52985 52985 431111 102414 102414 18987 0 18987 18987 18987 1204439 111339 1176129 2373 28310 108966 137276 137276 57036 26107 30929 30929 MAGAZINE INCOME 900099 37785 37785 MISCELLANEOUS INCOME 900099 11050 11050 48835 2455060 442560 57265 269727 169883 36669 102346 30868 489244 304243 150720 34281 4483 2301 1478 704 53045 40996 6266 5783 48049 22920 22526 2603 88618 13348 75270 21231 21231 128198 27636 39725 60837 17899 14666 956 2277 107692 87318 19441 933 30443 30443 213055 157311 53142 2602 43664 33186 10391 87 87312 87312 305026 301117 3909 52243 10216 42027 DONATED CLOCKS 547267 547267 BULLETIN/MART PRINTING 111082 111082 PUBLICATION EXPENSE 31207 31207 MISCELLANEOUS EXPENSE 17808 9516 8042 250 23014 18852 3495 667 2590463 1857163 591408 141892 156609 133230 218647 146380 115886 94708 30444 15882 70012 46614 105050 98585 11522985 8066896 3729670 3456089 3473598 4108820 25362 26163 7925278 8126471 90752 49894 140547 106618 163794 157771 395093 314283 X 5580348 5819973 1949837 1992215 7530185 7812188 7925278 8126471 X -135403 445018 -27612 X X 0 1 X 1 0 X 1643321 1696910 1498540 1221353 1685508 7745632 514711 128814 369597 367135 430882 1811139 25731 15961 4225 11153 11050 68120 2183763 1841685 1872362 1599641 2127440 9624891 263638 361099 72082 34890 34428 766137 0 263638 361099 72082 34890 34428 766137 8858754 122872 99730 148033 104758 121401 596794 122872 99730 148033 104758 121401 596794 3643 3643 47064 43261 37785 128110 2306635 1941415 2067459 1747660 2290269 10353438 0.85560 0.85190 0.05760 0.06040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 2389907 41191 413982 57351 12941 2774788 2503889 45095 -140988 6139 11950 2389907 2478286 40643 72297 77135 10202 2503889 2155002 21846 563761 251388 10935 2478286 2174141 272190 -76943 203853 10533 2155002 0.46111 0.53889 0.00000 0 0 53800 53800 9955149 6674124 3281025 1514036 1392772 121264 3456089 CHARITABLE GIFT ANNUITY OBLIGATION 131608 OBLIGATION UNDER OPERATING LEASES 26163 157771 X 2876979 445018 -1505 443513 2433466 21231 363 21594 2455060 2594976 26107 26107 2568869 21231 363 21594 2590463 PART III, LINE 1A: THE NAWCC'S COLLECTIONS ARE MADE UP OF HOROLOGICAL ARTIFACTS AND RESEARCH MATERIALS OF HISTORICAL SIGNIFICANCE THAT ARE HELD FOR EDUCATIONAL, RESEARCH, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS PRESERVED AND CARED FOR AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTION OR FOR CONSERVATION OF ITEMS IN THE COLLECTION. PART III, LINE 4: THE ORGANIZATION'S COLLECTIONS ARE MADE UP OF HOROLOGICAL ARTIFACTS AND RESEARCH MATERIALS OF HISTORICAL SIGNIFICANCE THAT ARE HELD FOR EDUCATIONAL, RESEARCH, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS PRESERVED AND CARED FOR AND ACTIVITIES VERIFYING THEIR EXISTANCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THE COLLECTIONS ARE SUBJECT TO A POLICY THAT REQUIRES PROCEEDS FROM THEIR SALES TO BE USED TO ACQUIRE OTHER ITEMS FOR THE COLLECTIONS. THE INSURANCE COVERAGE IN EFFECT FOR ITEMS IN THE COLLECTION AMOUNTED TO $9,000,000. PART V, LINE 4: THE INTENDED USE OF THE ORAGNIZATION'S ENDOWMENT FUND IS FOR THE MUSEUM, LIBRARY, EDUCATION, AND NAWCC. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE NAWCC, INCLUDING WHETHER THE ENTITY IS EXEMPT FROM INCOME TAXES. MANAGEMENT EVALUATED THE TAX POSITIONS TAKEN AND CONCLUDED THAT THE NAWCC HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE NAWCC IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITY -8,976. COST OF GOODS SOLD 26,107. BOOK/TAX DIFFERENCE ON REALIZED GAIN 8,750. INVENTORY WRITE OFF -27,386. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER: MUSEUM COLLECTIONS 363. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 26,107. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER: MUSEUM COLLECTIONS 363. X 6290 FMV X 2 15887 FMV X 33 547267 FMV X TRAVEL EXPENSES 20 23112 FMV X SUPPLIES 10 2494 FMV 0 0 0 0 PART V, LINE 1C: THE ORGANIZATION DID NOT HAVE ANY INSTANCES WHERE BACKUP WITHHOLDING WAS REQUIRED; HOWEVER, IF THE SITUATION WOULD ARISE, THE ORGANIZATION IS AWARE OF THE REPORTING REQUIREMENTS AND WOULD HANDLE THAT ACCORDINGLY. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS DIFFERENT LEVELS OF MEMBERSHIPS BASED ON CONTRIBUTIONS. BRASS, SILVER, GOLD, PLATINUM, RUBY, AND DIAMOND MEMBERS HAVE VOITING RIGHTS. INDIVIDUAL, YOUTH, STUDENT, AND INTRODUCTORY MEMBERS DO NOT HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT 7 OF THE 12 BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS MUST APPROVE CHANGES TO THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS EMAILED TO BOARD OF DIRECTORS BEFORE THEIR NEXT BOARD MEETING FOR REVIEW AT THE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS REQUIRED TO SIGN OR RESIGN A NEW FORM EVERY TWO YEARS OR IF ANY ITEMS CHANGE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE COLLECTS SALARY AND BENEFIT INFORMATION FROM OTHER ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 NAWCC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND VIA THE ORGANIZATION'S WEBSITE FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -8,976. BOOK/TAX DIFFERENCE ON GAIN 8,750. INVENTORY WRITE OFF -27,386. PART XII, LINE 2C EXPLANATION THE FINANCE COMMITTE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.