Waldensian Heritage Foundation Inc

Nonprofit profile at a glance

EIN
882686374
IRS 990 coverage
2022–2025
Forms available
Form 990 2025
Location
Valdese, NC, USA
Phone
8288741111
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Cultural, Ethnic Awareness

Official website

Reported finances

Revenue
$258,901
Expenses
$254,862
Assets
$2,049,613
Liabilities
$49,995

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

12 people listed

People named in this filing

  • ROBERT MURRAY (BOARD MEMBER)
  • PAGE ANDERSEN (SECRETARY)
  • PAM PONS (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2025

The corporation sponsored a trip to the waldensian homeland in italy. Agroup of 34, most of waldensian lineage, toured historical sites andmuseums, visited towns and cemeteries of their ancestors, ate authenticcuisine, stayed in accomodations owned by the waldensian church locatedin torre pellice (the sister city of valdese, nc), attended a service in a waldensian church, learned historical information, and did genealogical research.the corporation arranged and paid for transportion, lodging, admissions, and most of the meals. The travelers reimbursed thecorporation the estimated cost of the trip plus an amount to offsetexchange rates, unexpected, and indirect costs.

Operating model

Revenue model
Donor-supported. 65% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 68
  • Accountability: 76
  • Sustainability: 56
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.1%; rating input score 87
  • Program expense ratio: 87.3%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 24th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 82.1%; rating input score 82; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.6%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 8.04; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 50.6% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: -80.2% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: 1.8% per year; rating input score 100; 29th percentile among comparable filings

Details

  • Where the money goes: 87.1% of revenue deployed · 87.3% of spending went to programs
  • Governance: 12 of 12 board members independent · 3 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $223K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, foreign activity, and grants
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.