BETA

BELIEVE FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
BELIEVE FOUNDATION (EIN 47-4607746)
Tax period
2023-06-01 to 2024-05-31
Filed
2024-10-15
IRS object ID
202402899349100805
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-10-15T06:00:45-05:00ReturnTs
Tax Period End2024-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN821979586PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STRATEGIC TAX WEALTHBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14387 W SWAMP RD 598AddressLine1Txt
CityDOYLESTOWNCityNm
State AbbreviationPAStateAbbreviationCd
ZIP18902ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN474607746EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BELIEVE FOUNDATION CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% KARINA MARTINOInCareOfNm
Business Name ControlBELIBusinessNameControlTxt
Phone2154504929PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14529 BLUE RIDGE DRIVEAddressLine1Txt
CityDOYLESTOWNCityNm
State AbbreviationPAStateAbbreviationCd
ZIP18902ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKARINA MARTINOPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2154504929PhoneNum
Signature2024-10-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSCOTT RUDOLPHPreparerPersonNm
PTINP01025685PTIN
Phone2679359050PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$7,102FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$950ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Net Rental Income Or Loss$0NetRentalIncomeOrLossAmt
Total Rev And Expnss$950TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$63AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$63AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$47OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$47OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$110TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$110TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$3,698ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$3,698ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$3,808TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$3,808TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,858ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$9,960CashBOYAmt
Cash EOY$7,102CashEOYAmt
Cash EOYFMV$7,102CashEOYFMVAmt
Total Assets BOY$9,960TotalAssetsBOYAmt
Total Assets EOY$7,102TotalAssetsEOYAmt
Total Assets EOYFMV$7,102TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$9,960RetainedEarningBOYAmt
Retained Earning EOY$7,102RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$9,960TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$7,102TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$9,960TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$7,102TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$9,960TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,858ExcessRevenueOverExpensesAmt
Subtotal$7,102SubtotalAmt
Tot Net Ast Or Fund Balances EOY$7,102TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp Rqr0ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1KARINA MARTINOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2154504929PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14529 BLUE RIDGE DRAddressLine1Txt
CityDOYLESTOWNCityNm
State AbbreviationPAStateAbbreviationCd
ZIP18902ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Undistr Incm Sect4942a2 Not App0UndistrIncmSect4942a2NotAppInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
KARINA MARTINO
4529 BLUE RIDGE DRDOYLESTOWNPA18902PRESIDENT1$0
DARIO MARTINO
4529 BLUE RIDGE DRDOYLESTOWNPA18902SECRETARY1$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$8,531AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$8,531TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$8,531AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$128CashDeemedCharitableAmt
Net Vl Noncharitable Assets$8,403NetVlNoncharitableAssetsAmt
Minimum Investment Return$420MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$420MinimumInvestmentReturnAmt
Distributable Before Adj$420DistributableBeforeAdjAmt
Distributable Before Ded$420DistributableBeforeDedAmt
Distributable As Adjusted$420DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$3,808ExpensesAndContributionsAmt
Qualifying Distributions$3,808QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$420DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$233ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$4,477ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$107ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,127ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$4,980ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$10,924TotalExcessDistributionCyovAmt
Qualifying Distributions$3,808QualifyingDistributionsAmt
Applied To Current Year$420AppliedToCurrentYearAmt
Remaining Distri From Corpus$3,388RemainingDistriFromCorpusAmt
Total Corpus$14,312TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$233ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$14,079ExcessDistriCyovToNextYrAmt
Excess From Year4$4,477ExcessFromYear4Amt
Excess From Year3$107ExcessFromYear3Amt
Excess From Year2$1,127ExcessFromYear2Amt
Excess From Year1$4,980ExcessFromYear1Amt
Excess From Current Year$3,388ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1EMILIO VILLALBABusinessNameLine1Txt

Recipient Foreign Address RecipientForeignAddress

FieldValueIRS element (for citing)
Address Line1VALDOVINOS SNAddressLine1Txt
CityBARRIO ZEBALLOS CUECityNm
Province Or StateASUNCIONProvinceOrStateNm
CountryPACountryCd
Foreign Postal0000ForeignPostalCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusINDIVIDUALRecipientFoundationStatusTxt
Grant Or Contribution PurposeCHURCH REPAIRS PARAGUAYGrantOrContributionPurposeTxt
Amt$3,698Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$3,698TotalGrantOrContriPdDurYrAmt
FieldValueIRS element (for citing)
Analysis Income Producing ActyAnalysisIncomeProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescWIRE FEESDesc
Revenue And Expenses Per Books$47RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$47DisbursementsCharitablePrpsAmt

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