American Waldensian Aid Society
- Assets
- $1.7m
- Revenue
- $215.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Valdese, NC
- Founding
- 09/1938
- Data as of
- 12/2023
- EIN
- 13-5562166
Organization Overview
American Waldensian Aid Society is located in Valdese, NC. The organization was established in 1938. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. As of 12/2023, American Waldensian Aid Society employed 2 individuals. This organization is the central organization for a national or regional group of organizations. American Waldensian Aid Society 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 12/2023, American Waldensian Aid Society generated $215.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $237.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AMERICAN WALDENSIAN AID SOCIETY FOSTERS DIALOGUE AND PARTNERSHIP AMONG WALDENSIAN CHURCHES IN ITALY AND SOUTH AMERICA AND CHRISTIAN CHURCHES WITHIN NORTH AMERICA IN ORDER TO PROMOTE A COMPELLING VISION OF WALDENSIAN CHRISTIAN WITNESS FOR NORTH AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS DEDICATED TO RAISING FUNDS TO SUPPORT THE WALDENSIAN CHURCH IN ITALY AND ELSEWHERE THROUGH EVANGELISTIC, INSTITUTIONAL, AND EDUCATIONAL WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Prof Bradley G Lewis President | OfficerTrustee | 1 | $0 |
Dr Tara Powell Vice-President | OfficerTrustee | 1 | $0 |
Rev Kellie Browne Secretary | OfficerTrustee | 1 | $0 |
Dr Kim Rostan Treasurer | OfficerTrustee | 1 | $0 |
Dr Euan Cameron Member | Trustee | 1 | $0 |
Luciano Kovacs Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $170,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,135 |
| Total Program Service Revenue | $0 |
| Investment income | $29,605 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,476 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,216 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $30,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $26,250 |
| Compensation of current officers, directors, key employees. | $17,588 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,575 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,893 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,051 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,277 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $237,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,904 |
| Savings and temporary cash investments | $25,398 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,439,772 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,719,074 |
| Accounts payable and accrued expenses | $4,898 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $126,649 |
| Total liabilities | $131,547 |
| Net assets without donor restrictions | $1,247,304 |
| Net assets with donor restrictions | $340,223 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,719,074 |