Trail Of Faith
- Assets
- $2.1m
- Revenue
- $100.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Valdese, NC
- Founding
- 02/1996
- Data as of
- 12/2022
- EIN
- 56-1902394
Organization Overview
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. 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 12/2022, Trail Of Faith generated $100.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $112.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 8 years. 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maxine Mccall Board Member | Trustee | 0 | $0 |
Jackie Anderson Board Member | Trustee | 1 | $0 |
Jarrett Jacumin Board Member | Trustee | 0 | $0 |
Curtis Ennis Board Member | Trustee | 0 | $0 |
Pat Ross Board Member | Trustee | 1 | $0 |
Jim Jacumin President | OfficerTrustee | 30 | $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 | $16,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,000 |
| Total Program Service Revenue | $5,273 |
| Investment income | $57,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $38,741 |
| Net Gain/Loss on Asset Sales | -$18,813 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$579 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $100,175 |
| 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 | $30,731 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,032 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,986 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $800 |
| 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 | $45,536 |
| Insurance | $2,142 |
| All other expenses | $0 |
| Total functional expenses | $112,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,083 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$743 |
| 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 | $1,019,560 |
| Investments—publicly traded securities | $1,053,997 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,149,849 |
| Accounts payable and accrued expenses | $629 |
| 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 | $147,629 |
| Net assets without donor restrictions | $1,173,210 |
| 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 | $2,149,849 |