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Nonprofit · EIN 31-0731708

AMERICAN WATCHMAKERS INSTITUTE INC

Tax-exempt · HARRISON, OH 45030

Financials

$1.1M$792K2022$652K$844K2023
Revenue Expenses · by fiscal year end
Financials of AMERICAN WATCHMAKERS INSTITUTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$652,248$844,146-$191,898$8,880,107$96,169$8,783,938
June 30, 2023990$1,081,420$792,493$288,927$8,800,133$258,308$8,541,825
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$158,768
Membership dues
$154,767
Program service revenue
$293,740
Investment income
$165,930
Net gain from sales of assets
-$29,256
Net income from sales of inventory
$33,350
Other revenue
$33,810

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$242,876
Salaries, compensation and benefits (total)
$267,115
Professional fundraising fees
$0
Legal fees
$6,097
Accounting fees
$25,274
Occupancy
$60,708
Travel
$18,388
Depreciation
$96,221
Program services (functional)
$542,483
Management and general (functional)
$301,663

Balance sheet and other

Total assets, start of year
$8,800,133
Total assets, end of year
$8,880,107
Total liabilities, end of year
$96,169
Net assets, end of year
$8,783,938
Land, buildings and equipment
$807,890
Net assets without donor restrictions
$8,783,938
Gross receipts
$2,402,229
Employees
3
Volunteers
0
Year formed
1964
State of legal domicile
OH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
JACK KURDZIONAKTREASURER - FORMER
Trustee or director, Officer
4$0
JUSTIN HARRELLFORMER DIRECTOR
Trustee or director
2$0
MIKE CREASYDIRECTOR
Trustee or director
2$0
NICK BUTTFORMER DIRECTOR
Trustee or director
2$0
CHRISTOPHER CAREYSECRETARY
Trustee or director, Officer
4$0
DAVID LINDOWPRESIDENT
Trustee or director, Officer
4$0
SCOTT WALTERSDIRECTOR
Trustee or director
2$0
AARON RECKSIEKVICE PRESIDENT
Trustee or director, Officer
4$0
ALENA DIAZDIRECTOR
Trustee or director
2$0
SCOTT WALTERSTREASUER
Trustee or director, Officer
2$0
STAN MCMAHONDIRECTOR
Trustee or director
2$0
PATRICK MONTDIRECTOR
Trustee or director
2$0
990 for the year ended June 30, 2023: 8 people
NameTitleHours / weekCompensation
JACK KURDZIONAKTREASURER
Trustee or director, Officer
4$0
JUSTIN HARRELLDIRECTOR
Trustee or director
2$0
MIKE CREASYDIRECTOR
Trustee or director
2$0
NICK BUTTDIRECTOR
Trustee or director
2$0
CHRISTOPHER CAREYSECRETARY
Trustee or director, Officer
4$0
DAVID LINDOWPRESIDENT
Trustee or director, Officer
4$0
SCOTT WALTERSDIRECTOR
Trustee or director
2$0
AARON RECKSIEKVICE PRESIDENT
Trustee or director, Officer
4$0

Address and contacts

Address (IRS master file)
701 ENTERPRISE DR, HARRISON, OH 45030-1696
Principal officer (990 for 2023)
SCOTT WALTERS, 701 ENTERPRISE DR, HARRSION, OH 45030
Signed the 990
SCOTT WALTERS, TREASURER
Phone
(513) 367-9800
Return prepared by
ATLAS CPAS & ADVISORS PLLC

Mission

PROMOTE THE HOROLOGY PROFESSION THROUGH A RANGE OF EDUCATION, CERTIFCATION, COMMUNICATIONS, AND BUSINESS SERVICES AND PROVIDE A MEMBER DIRECTORY OF PROFESSIONAL CLOCKMAKERS/WATCHMAKERS TO CONNECT WITH REPAIR/RETAIL SOURCES.

990 for the year ended June 30, 2024

Program accomplishments

  • 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
    Expenses $542,483

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
31-0731708
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1962
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$8,880,107
Income (IRS master file)
$2,402,229

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$652,248$844,146$8,880,107XML
990June 2023$1,081,420$792,493$8,800,133XML
990June 2022$1,097,129$743,884$8,579,580IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-0731708).

Questions about AMERICAN WATCHMAKERS INSTITUTE INC

What is the EIN of AMERICAN WATCHMAKERS INSTITUTE INC?
The employer identification number (EIN) of AMERICAN WATCHMAKERS INSTITUTE INC is 31-0731708.
Is AMERICAN WATCHMAKERS INSTITUTE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1962.
Are donations to AMERICAN WATCHMAKERS INSTITUTE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does AMERICAN WATCHMAKERS INSTITUTE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AMERICAN WATCHMAKERS INSTITUTE INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AMERICAN WATCHMAKERS INSTITUTE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of AMERICAN WATCHMAKERS INSTITUTE INC?
The 990 for the year ended June 30, 2024 names SCOTT WALTERS.
Who are the officers and directors of AMERICAN WATCHMAKERS INSTITUTE INC?
The 990 for the year ended June 30, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does AMERICAN WATCHMAKERS INSTITUTE INC have?
On its 990 for the year ended June 30, 2024 it reported revenue of $652,248, expenses of $844,146 and total assets of $8,880,107 at year end.

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