Willard House & Clock Museum Inc
- Assets
- $3.1m
- Revenue
- $499.9k
- Investments
- $2.1m
- Employees
- 0
- Location
- North Grafton, MA
- Founding
- 11/1979
- Data as of
- 12/2021
- EIN
- 04-2671799
Organization Overview
Willard House & Clock Museum Inc is located in North Grafton, MA. The organization was established in 1979. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willard House & Clock Museum Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Willard House & Clock Museum Inc generated $499.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $404.5k during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN THE OPERATING ASSETS OF THE MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Cheney Trustee | 40 | $78,395 | |
Sumner Tilton Vice-President | 2 | $0 | |
Wayne Andrews President | 4 | $0 | |
Paul Foley Trustee | 2 | $0 | |
Charles Grichar Treasurer | 4 | $0 | |
Jane Robinson Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $335,236 |
| Interest on Savings | $58 |
| Dividends & Interest | $26,721 |
| Net Rental Income | $12,510 |
| Net Gain on Sale of Assets | $96,723 |
| Capital Gain Net Income | $96,723 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $2,502 |
| Other Income | $22,532 |
| Total Revenue | $499,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $78,395 |
| Other employee salaries and wages | $153,577 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $30,673 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,439 |
| Printing and publications | $0 |
| Other expenses | $126,237 |
| Total operating and administrative expenses | $404,541 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $404,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,728 |
| Savings and temporary cash investments | $81,964 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $3,530 |
| Prepaid expenses and deferred charges | $1,152 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $784,031 |
| Other assets | $0 |
| Total assets | $3,078,043 |
| Accounts payable and accrued expenses | $1,423 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,740 |
| Total liabilities | $3,163 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Willard House & Clock Museum Inc has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
William J Mckee Charitable Foundation Worcester, MA PURPOSE: DEVELOPMENT DIRECTOR | $30,000 |
William J Mckee Charitable Foundation Worcester, MA PURPOSE: DEVELOPMENT DIRECTOR | $30,000 |
William J Mckee Charitable Foundation Worcester, MA PURPOSE: ANNUAL FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peabody Essex Museum Inc Salem, MA | $834,878,169 | $57,993,478 |
The Corning Museum Of Glass Corning, NY | $73,662,076 | $31,481,253 |
Intrepid Museum Foundation Inc New York, NY | $107,274,514 | $23,304,017 |
Jewish Museum New York, NY | $170,221,432 | $22,874,963 |
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |
The Maritime Aquarium At Norwalk Inc South Norwalk, CT | $19,089,489 | $11,308,442 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Naismith Memorial Basketball Hall Of Fame Inc 1150 West Columbus Ave Springfield, MA | $33,159,743 | $5,379,532 |