2022-10-24T10:56:05-05:00 2022-03-31 232108173 RKL LLP 3501 CONCORD ROAD STE 250 YORK PA 17402 990 2021-04-01 232072465 NATIONAL ASSOCIATION OF WATCH AND CLOCK COLLECTORS INC NATI 7176848261 514 POPLAR STREET COLUMBIA PA 175122130 JAMES T DUTTON TREASURER 7176848261 2022-10-11 1 JAMES DUTTON 999009999 DOUGLAS L BERMAN CPA P01269555 7178433804 2022-10-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JAMES T DUTTON 514 POPLAR STREET COLUMBIA PA 175122130 2227099 0 5899 X WWW.NAWCC.ORG X 1978 PA 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. 12 12 19 14 57414 0 1921910 1498540 123421 381866 161077 147294 42082 88160 2248490 2115860 0 0 0 0 651738 662254 0 0 107775 1002234 1396093 1653972 2058347 594518 57513 8521429 8402673 454916 331966 8066513 8070707 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 1360359 396387 THE ORGANIZATION SEEKS TO ENHANCE THE EDUCATION OF THE HISTORICAL AND SCIENTIFIC IMPORTANCES OF CLOCKS AND WATCHES TO THE GENERAL PUBLIC AND ITS 9,437 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. 1360359 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 1 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 1 X 19 0 1 19 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 MS NC NH NJ NY OK OR PA TN WA MD X X X JAMES T DUTTON 7176848261 514 POPLAR STREET COLUMBIA PA 175122130 RICHARD NEWMAN CHAIR/DIRECTOR 25.00 X X 0 0 0 JAMES C PRICE DIRECTOR/CHAIR 55.00 X X 0 0 0 LEROY BAKER VICE-CHAIR/DIRECTOR 0.00 X X 0 0 0 RHETT LUCKE SECRETARY/VICE CHAIR 4.00 X X 0 0 0 SHERRY KITTS JOINED 721 SECRETARY 18.00 X X 0 0 0 CHRIS MILLER UNTIL 721 TREASURER/DIRECTOR 5.00 X X 0 0 0 JAMES T DUTTON DIRECTOR/TREASURER 32.00 X X 0 0 0 ROBERT BURTON DIRECTOR 6.00 X 0 0 0 THOMAS A COMPTON DIRECTOR 5.00 X 0 0 0 JOHN COTE DIRECTOR 12.00 X 0 0 0 RENEE COULSON JOINED 721 DIRECTOR 5.00 X 0 0 0 ROBERT GARY UNTIL 721 DIRECTOR 10.00 X 0 0 0 CATHY GORTON JOINED 721 DIRECTOR 5.00 X 0 0 0 PHILIP E MORRIS DIRECTOR 6.00 X 0 0 0 TIM ORR UNTIL 721 DIRECTOR 2.00 X 0 0 0 RORY MCEVOY JOINED 222 EXECUTIVE DIRECTOR 40.00 X 19000 0 0 DOUG RUNKLE 421-921 CONTROLLER 40.00 X 20172 0 2811 39172 0 2811 0 0 0 0 YOUR PART-TIME CONTROLLER LLC 1500 WALNUT STREET STE 1200 PHILADELPHIA PA 19102 ACCOUNTING SERVICES 103555 1 852768 173570 472202 3281 1498540 NATIONAL CONVENTION 511120 181028 181028 ADVERTISING INCOME 541800 137634 80220 57414 MUSEUM ADMISSIONS 511120 40382 40382 TUITION & FEES 611600 22822 22822 381866 136033 136033 12000 0 12000 12000 12000 102226 90965 11261 11261 11261 45145 20274 24871 24871 MAGAZINE INCOME 900099 47064 47064 MISCELLANEOUS INCOME 900099 4225 4225 51289 2115860 396387 57414 163519 45483 15656 28612 1215 499816 331824 142726 25266 5061 3539 1522 73733 59389 9232 5112 38161 24957 11486 1718 186513 186513 17434 17434 138491 21032 48727 68732 14634 12918 1441 275 100095 81162 17469 1464 33243 42 33201 206293 156192 47617 2484 10137 6182 3955 123539 123539 329341 325120 4221 24616 6828 17788 BULLETIN PRINTING 102780 102780 PUBLICATION EXPENSE 37846 37846 DONATED CLOCKS 22870 22870 DUES AND SUBSCRIPTIONS 17666 4906 11251 1509 30595 23577 7018 2058347 1360359 590213 107775 307205 178310 142650 187362 135598 31922 41266 70842 75963 78768 109004 11534168 7578147 4171157 3956021 3674173 3763861 8521429 8402673 60161 66192 90401 116303 150000 0 154354 149471 454916 331966 X 6020963 6150380 2045550 1920327 8066513 8070707 8521429 8402673 X 57513 -37152 -16167 X X 0 1 X 1 0 X 1648625 1345123 1643321 1696910 1498540 7832519 487324 557469 514711 128814 369597 2057915 22983 25731 15961 4225 68900 2135949 1925575 2183763 1841685 1872362 9959334 45337 65486 263638 359978 72082 806521 0 45337 65486 263638 359978 72082 806521 9152813 117036 135702 122872 99730 148033 623373 117036 135702 122872 99730 148033 623373 47064 47064 2252985 2061277 2306635 1941415 2067459 10629771 0.86110 0.87370 0.05860 0.05320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 1 2478286 40643 72297 77135 10202 2503889 2155002 21846 563761 251388 10935 2478286 2174141 272190 -76943 203853 10533 2155002 2210123 72109 84064 181861 10294 2174141 1981790 103272 175997 50936 2210123 0.43422 0.56578 0.00000 0 0 53800 53800 9912783 6171695 3741088 1563935 1406452 157483 3650 3650 3956021 CHARITABLE GIFT ANNUITY OBLIGATION 149471 149471 X 2082362 -37152 17430 4107 -15615 2097977 17434 449 17883 2115860 2078168 17430 20274 37704 2040464 17434 449 17883 2058347 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 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITY -11,407. COST OF GOODS SOLD 20,274. BOOK/TAX DIFFERENCE ON REALIZED GAIN -4,760. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER: MUSEUM COLLECTIONS 449. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 20,274. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER: MUSEUM COLLECTIONS 449. X 1 0 X SUPPLIES 3 3281 FMV 0 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS ARE THE NUMBER OF DONATIONS FOR THAT TYPE OF CONTRIBUTION. PART I, LINE 33: THE ORGANIZATION RECEIVED CONTRIBUTIONS OF ITEMS THAT WERE NOT REQURIED TO BE REPORTED AS REVENUE OR CAPITALIZED AS ALLOWED UNDER ASC 958-360-25. THESE ITEMS INCLUDE COLLECTIONS OF CLOCKS. 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 CGA LIABILITY -11,407. BOOK/TAX DIFFERENCE ON GAIN -4,760. PART XII, LINE 2C EXPLANATION THE FINANCE COMMITTE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.