Trail Of Faith is located in Valdese, NC. The organization was established in 1996. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Trail Of Faith employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trail Of Faith 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 12/2021, Trail Of Faith generated $170.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $113.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILD, MAINTAIN AND OPERATE A WALK-THROUGH HISTORY DEPICTING THE PERSECUTION AND INCREDIBLE FAITH OF THE WALDENSIAN RELIGIOUS GROUP THAT MIGRATED FROM NORTHERN ITALY TO VALDESE, NORTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CONSTRUCT AND OPERATE A TRAIL OF FAITH ON PROPERTY OWNED OR LEASED BY A NON-PROFIT ENTITY DEPICTING THE PERSECUTION AND INCREDIBLE FAITH OF THE WALDENSIANS IN NORTHERN ITALY WHO LATER CAME TO AMERICA, SETTLING IN VALDESE, NORTH CAROLINA. A TOURIST WALK-THROUGH SHOWS A RELIEF MAP OF THE WALDENSIANS VALLEYS, BARBI COLLEGE, CHURCH OF THE CAVE, AND CHANFORAN MONUMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marty Jacumin Vice President | OfficerTrustee | 1 | $0 |
Lee Opp Secretary | OfficerTrustee | 1 | $0 |
Jim Jacumin President | OfficerTrustee | 30 | $0 |
Maxine Mccall Board Member | Trustee | 0 | $0 |
Curtis Ennis Board Member | Trustee | 0 | $0 |
Jackie Anderson Board Member | Trustee | 1 | $0 |
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 | $29,455 |
Noncash contributions included in lines 1a–1f | $20,006 |
Total Revenue from Contributions, Gifts, Grants & Similar | $29,455 |
Total Program Service Revenue | $7,412 |
Investment income | $89,817 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $36,045 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$898 |
Miscellaneous Revenue | $0 |
Total Revenue | $170,426 |
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 | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $35,564 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $2,721 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $982 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $17,363 |
Advertising and promotion | $698 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $45,766 |
Insurance | $10,817 |
All other expenses | -$45 |
Total functional expenses | $113,866 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $32,728 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | -$663 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $7,952 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,065,096 |
Investments—publicly traded securities | $1,330,059 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,435,172 |
Accounts payable and accrued expenses | $664 |
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 | $147,000 |
Other liabilities | $0 |
Total liabilities | $147,664 |
Net assets without donor restrictions | $1,458,498 |
Net assets with donor restrictions | $829,010 |
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 | $2,435,172 |
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Trail Of Faith Valdese, NC | $2,435,172 | $170,426 |
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