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Nonprofiteer
← WALDENSIAN HERITAGE FOUNDATION INC

Form 990 for tax year 2023

Filed by WALDENSIAN HERITAGE FOUNDATION INC.

Totals

Total revenue
$242,004
Total expenses
$163,300
Contributions and grants received
$156,935
Grants paid
$0
Program service revenue
$83,604
Investment income
$227
Other revenue
$1,238
Total assets, end of year
$2,012,242
Total liabilities, end of year
$25,000
Net assets or fund balances, end of year
$1,987,242
Program services expenses (Part IX)
$142,112
Management and general expenses
$21,188
Fundraising expenses
$0
Program service expenses (Part III)
$142,112

Program services were 87.0% 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

    $8,975

  • 1f · All other contributions, gifts and grants

    $147,960

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

    total $83,604 · related or exempt $83,604

  • 3 · Investment income

    total $227 · excluded $227

  • 10a · Gross sales of inventory

    $3,746

  • 10b · Cost of goods sold

    $2,508

  • 10c · Net income from sales of inventory

    total $1,238 · related or exempt $1,238

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $37,475 · program services $28,106 · management and general $9,369

  • 9 · Other employee benefits

    total $1,687 · program services $1,265 · management and general $422

  • 10 · Payroll taxes

    total $3,288 · program services $2,466 · management and general $822

  • 11b · Fees: legal

    total $2,294 · management and general $2,294

  • 11c · Fees: accounting

    total $5,240 · management and general $5,240

  • 12 · Advertising and promotion

    total $1,060 · program services $1,060

  • 13 · Office expenses

    total $5,625 · program services $4,219 · management and general $1,406

  • 16 · Occupancy

    total $24,445 · program services $24,201 · management and general $244

  • 17 · Travel

    total $68,874 · program services $68,874

  • 19 · Conferences, conventions and meetings

    total $1,379 · program services $1,379

  • 23 · Insurance

    total $2,627 · program services $1,503 · management and general $1,124

  • 24a · Other expenses: ARCHIVES AND EXHIBITS

    total $9,039 · program services $9,039

  • 24b · Other expenses: SOLICITATION LICENSE AN

    total $267 · management and general $267

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $40,493 · end of year $109,802

  • 4 · Accounts receivable

    beginning of year $0 · end of year $2,440

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

  • 19 · Deferred revenue

    beginning of year $31,955 · end of year $25,000

  • 27 · Net assets without donor restrictions

    end of year $60,520

  • 28 · Net assets with donor restrictions

    beginning of year $1,908,538 · end of year $1,926,722

Mission and programs · 2023

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 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 $73,238 · Revenue $3,835

  • THE CORPORATION SPONSORED A TRIP TO THE WALDENSIAN HOMELAND IN ITALY. A GROUP OF 25, MOST OF WALDENSIAN LINEAGE, TOURED HISTORICAL SITES AND MUSEUMS, VISITED TOWNS AND CEMETERIES OF THEIR ANCESTORS, ATE AUTHENTIC CUISINE, STAYED IN ACCOMODATIONS OWNED BY THE WALDENSIAN CHURCH LOCATED IN THE SISTER CITY OF VALDESE, NC, ATTENED A SERVICE IN A WALDENSIAN CHURCH, LEARNED HISTORICAL INFORMATION, AND DID GENEALOGICAL RESEARCH. THE TRIP ALSO INCLUDED A VISIT TO WALDENSIAN SITES AND SETTLEMENTS IN GERMANY. THE CORPORATION ARRANGED AND PAID FOR TRANSPORTION, LODGING, ADMISSIONS, AND MOST OF THE MEALS. THE TRAVELERS REIMBURSED THE CORPORATION THE ESTIMATED COST OF THE TRIP PLUS AN AMOUNT TO OFFSET EXCHANGE RATES, UNEXPECTED, AND INDIRECT COSTS.

    Expenses $68,874 · Revenue $81,007

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Murray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Page Andersen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pam Pons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Morrissa Angi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • 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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Bounous

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • John Mark Rostan

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • John Heilman

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • James Rostan

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    4

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
2023
Filed
26 March 2024
IRS schema version
2023v5.0
Source object
202410869349301501

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