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Nonprofiteer
← WALDENSIAN HERITAGE FOUNDATION INC

Form 990 for tax year 2022

Filed by WALDENSIAN HERITAGE FOUNDATION INC.

Totals

Total revenue
$1,918,045
Total expenses
$9,507
Contributions and grants received
$1,918,045
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,940,493
Total liabilities, end of year
$31,955
Net assets or fund balances, end of year
$1,908,538
Program services expenses (Part IX)
$9,507
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$9,507

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,918,045

  • 1g · Noncash contributions included above

    $1,900,000

Functional expenses

Part IX, the statement of functional expenses.

  • 23 · Insurance

    total $9,507 · program services $9,507

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $40,493

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

    $1,900,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $1,900,000

  • 19 · Deferred revenue

    beginning of year $0 · end of year $31,955

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $1,908,538

Mission and programs · 2022

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 ENHANCEMENTS. 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 THE 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 WILL OWN AND OPERATE 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 $9,507

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Bounous

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Demiter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Fletcher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Martinat

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Grill

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John Mark Rostan

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Heilman

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • James Rostan

    CHAIR

    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
2022
Filed
23 May 2023
IRS schema version
2022v5.0
Source object
202301669349300535

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