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Nonprofiteer
← WALDENSIAN HERITAGE FOUNDATION INC

Form 990 for tax year 2024

Filed by WALDENSIAN HERITAGE FOUNDATION INC.

Totals

Total revenue
$123,922
Total expenses
$115,585
Contributions and grants received
$117,568
Grants paid
$1,481
Program service revenue
$3,893
Investment income
$55
Other revenue
$2,406
Total assets, end of year
$2,037,428
Total liabilities, end of year
$41,849
Net assets or fund balances, end of year
$1,995,579
Program services expenses (Part IX)
$90,175
Management and general expenses
$25,410
Fundraising expenses
$0
Program service expenses (Part III)
$90,175

Program services were 78.0% 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.

  • 1b · Membership dues

    $5,560

  • 1f · All other contributions, gifts and grants

    $112,008

  • 2a · Program service revenue: ENTRANCE AND PROGRAM F

    total $3,893 · related or exempt $3,893

  • 3 · Investment income

    total $55 · excluded $55

  • 10a · Gross sales of inventory

    $6,420

  • 10b · Cost of goods sold

    $4,014

  • 10c · Net income from sales of inventory

    total $2,406 · related or exempt $2,406

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $300 · program services $300

  • 3 · Grants to foreign organizations and individuals

    total $1,181 · program services $1,181

  • 7 · Other salaries and wages

    total $44,869 · program services $33,652 · management and general $11,217

  • 9 · Other employee benefits

    total $2,980 · program services $2,235 · management and general $745

  • 10 · Payroll taxes

    total $2,973 · program services $2,230 · management and general $743

  • 11c · Fees: accounting

    total $5,900 · management and general $5,900

  • 12 · Advertising and promotion

    total $2,440 · program services $2,440

  • 13 · Office expenses

    total $6,536 · program services $4,902 · management and general $1,634

  • 16 · Occupancy

    total $25,826 · program services $25,568 · management and general $258

  • 19 · Conferences, conventions and meetings

    total $7,025 · program services $7,025

  • 23 · Insurance

    total $11,188 · program services $6,377 · management and general $4,811

  • 24a · Other expenses: ARCHIVES AND EXHIBITS

    total $4,265 · program services $4,265

  • 24b · Other expenses: NC SOLICITATION LICENSE

    total $102 · management and general $102

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,802 · end of year $137,093

  • 4 · Accounts receivable

    beginning of year $2,440 · end of year $335

  • 10a · Land, buildings and equipment: cost or other basis

    $1,900,000

  • 10c · Land, buildings and equipment, net

    beginning of year $1,900,000 · end of year $1,900,000

  • 17 · Accounts payable and accrued expenses

    end of year $473

  • 19 · Deferred revenue

    beginning of year $25,000 · end of year $41,376

  • 27 · Net assets without donor restrictions

    beginning of year $60,520 · end of year $42,176

  • 28 · Net assets with donor restrictions

    beginning of year $1,926,722 · end of year $1,953,403

Mission and programs · 2024

Mission

TO PRESERVE AND PROMOTE THE CULTURAL HERITAGE, THE GENEALOGICAL RECORDS, AND THE RELIGIOUS DEVOTION OF THE WALDENSES. THIS INCLUDES SOLICITATION OF FUNDS THROUGH DONATIONS/GRANTS AND THE UTILIZATION OF RESOURCES FOR THE GROWTH, SUSTAINMENT, MAINTENANCE, AND OPERATIONS OF THE MUSEUM INCLUDING EDUCATIONAL ENHANCEMENT. THE MUSEUM PROVIDES DISPLAYS, ARTIFACTS AND PROGRAMS THAT PORTRAY WALDENSIAN LIFE, RELIGIOUS BELIEFS AND WITNESSING, WHICH BEGAN IN THE WALDENSIAN VALLEYS SEVERAL HUNDRED YEARS PRIOR TO THE PROTESTANT REFORMATION. ITS PRESENCE IS A TESTAMENT TO THE WALDENSES' STRONG LOVE OF JESUS CHRIST IN THE WORLD AND THEIR COLONIZATION IN VALDESE. THE MISSION IS AIMED AT THOSE WITHIN AND BEYOND THE BOUNDARIES OF OUR LOCAL AND REGIONAL COMMUNITIES AND INCLUDES THOSE OF WALDENSIAN HERITAGE BY BIRTH, AND JUST AS IMPORTANTLY, BY FAITH IN JESUS CHRIST.

Activities or mission (Part I)

TO PRESERVE AND PROMOTE THE CULTURAL HERITAGE, THE GENEALOGICAL RECORDS, AND THE RELIGIOUS DEVOTION OF THE WALDENSES WHO IMMIGRATED FROM COTTIAN ALPS OF NORTHWESTERN ITALY AND SETTLED IN VALDESE, NORTH CAROLINA, STARTING IN MAY 1893, AS WELL AS TO EDUCATE THE COMMUNITY ABOUT THIS IMPORTANT PART OF HISTORY.

  • THE CORPORATION OWNS AND OPERATES A MUSEUM THAT PROVIDES DISPLAYS, ARTIFACTS AND PROGRAMS THAT PORTRAY WALDENSIAN LIFE, RELIGIOUS BELIEFS AND WITNESSING, WHICH BEGAN IN THE WALDENSIAN VALLEYS SEVERAL HUNDRED YEARS PRIOR TO THE PROTESTANT REFORMATION. ITS PRESENCE IS A TESTAMENT TO THE WALDENSES' STRONG LOVE OF JESUS CHRIST IN THE WORLD AND THEIR COLONIZATION IN VALDESE, NORTH CAROLINA.

    Expenses $90,175 · Revenue $3,893

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Murray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Page Andersen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pam Pons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Morrissa Angi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Demiter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Fletcher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Martinant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Bounous

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Mark Rostan

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • John Heliman

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Jim Rostan

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Frank Grill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202503189349305830

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