THE BELIEVERS FOUNDATION INC: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
THE BELIEVERS FOUNDATION INC (EIN 59-2851282)
Tax period
2018-10-01 to 2019-09-30
Filed
2020-08-14
IRS object ID
202042279349100809
Schema version
2018v3.2
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)
Return2020-08-14T13:00:01-05:00ReturnTs
Tax Period End2019-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN204193611PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Batts Morrison Wales & Lee PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1801 North Orange Avenue Suite 800AddressLine1Txt
CityOrlandoCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32801ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN592851282EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Believers Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBELIBusinessNameControlTxt
Phone8136815796PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12326 S Parsons AvenueAddressLine1Txt
CitySeffnerCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33584ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKen FullerPersonNm
Person TitleExecutive DirectorPersonTitleTxt
Phone8136815796PhoneNum
Signature2020-08-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMichele M WalesPreparerPersonNm
PTINP00428093PTIN
Phone4077706000PhoneNum
Preparation2020-08-07PreparationDt
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$39,640,560FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$11,889,656ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$306,872DividendsRevAndExpnssAmt
Dividends Net Invst Incm$306,872DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$2,234,946NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$9,778,117GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$100,606OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$6,072OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$10,062,188TotalRevAndExpnssAmt
Total Net Invst Incm$312,944TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$125,654CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss$49,000OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm$0OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$0OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$95,305PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$0PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl$0PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss$28,658LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$0LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$145,189AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$97,491OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$97,491OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$0OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$27,562TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$21,644DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$0DeprecAndDpltnNetInvstIncmAmt
Occupancy Rev And Expnss$111,403OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm$0OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl$0OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$42,624TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$0TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$42,624TravConfMeetingDsbrsChrtblAmt
Printing And Pub Rev And Expnss$6,540PrintingAndPubRevAndExpnssAmt
Printing And Pub Net Invst Incm$0PrintingAndPubNetInvstIncmAmt
Printing And Pub Dsbrs Chrtbl$6,540PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss$40,614OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$7,277OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$8,625OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$791,684TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$104,768TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$57,789TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$5,001,535ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$5,001,535ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$5,793,219TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$104,768TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$5,059,324TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$4,268,969ExcessRevenueOverExpensesAmt
Net Investment Income$208,176NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$2,669,866SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$3,137,371SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$3,137,371SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl$236,237OtherNtsAndLoansRcvblAmt
Other Rcvbl Allwnc Dbtfl Acct$0OtherRcvblAllwncDbtflAcctAmt
Other Nts And Loans Rcvbl BOY$248,787OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$236,237OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$236,237OtherNtsAndLoansRcvblEOYFMVAmt
Prepaid Expenses EOY$5,300PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$5,300PrepaidExpensesEOYFMVAmt
Other Investments BOY$17,406,572OtherInvestmentsBOYAmt
Other Investments EOY$22,009,221OtherInvestmentsEOYAmt
Other Investments EOYFMV$22,009,221OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$474,496LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$237,464LandBldgEquipAccumDeprecAmt
Land BOY$255,727LandBOYAmt
Land EOY$237,032LandEOYAmt
Land EOYFMV$237,032LandEOYFMVAmt
Other Assets BOY$1,283,540OtherAssetsBOYAmt
Other Assets EOY$14,015,399OtherAssetsEOYAmt
Other Assets EOYFMV$14,015,399OtherAssetsEOYFMVAmt
Total Assets BOY$21,864,492TotalAssetsBOYAmt
Total Assets EOY$39,640,560TotalAssetsEOYAmt
Total Assets EOYFMV$39,640,560TotalAssetsEOYFMVAmt
Accounts Payable BOY$1,693AccountsPayableBOYAmt
Accounts Payable EOY$40,235AccountsPayableEOYAmt
Other Liabilities BOY$1,282,186OtherLiabilitiesBOYAmt
Other Liabilities EOY$14,014,045OtherLiabilitiesEOYAmt
Total Liabilities BOY$1,283,879TotalLiabilitiesBOYAmt
Total Liabilities EOY$14,054,280TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$20,580,613RetainedEarningBOYAmt
Retained Earning EOY$25,586,280RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$20,580,613TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$25,586,280TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$21,864,492TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$39,640,560TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$20,580,613TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$4,268,969ExcessRevenueOverExpensesAmt
Other Increases$736,698OtherIncreasesAmt
Subtotal$25,586,280SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$25,586,280TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtCost Or Other BasisCostOrOtherBasisAmt
Investments in partnershipsD$285$285$285
Publicly traded securities$9,669,543-$213,388-$213,388$9,882,931
Losses Attributed to Assets Held for Others$108,289$108,289$108,289
Write off worthless investmentsD-$2,130,132-$2,130,132$2,130,132
FieldValueIRS element (for citing)
Capital Gain Net Income-$2,234,946CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$2,579,082AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$19,029,324NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.135532DistributionYr1Rt
Adjusted Qlfy Distri Yr2$2,862,299AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$16,198,088NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.176706DistributionYr2Rt
Adjusted Qlfy Distri Yr3$3,056,465AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$11,197,474NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.272960DistributionYr3Rt
Adjusted Qlfy Distri Yr4$5,207AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$12,400,917NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.000420DistributionYr4Rt
Adjusted Qlfy Distri Yr5$3,148,284AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$13,501,131NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.233187DistributionYr5Rt
Total Distribution0.818805TotalDistributionRt
Average Distribution0.163761AverageDistributionRt
Net Vl Noncharitable Assets$38,932,878NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$6,375,687AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$2,082NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$6,377,769AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$5,059,324QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$4,164InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$4,164SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$4,164TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$26,108EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$26,108TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$21,944OverpaymentAmt
Applied To ES Tax$21,944AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Org Report Or Register StateGAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised FundYes (1)DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressNoneWebsiteAddressTxt
Individual With BooksKenneth G FullerIndividualWithBooksNm
Phone8136815796PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12326 S Parsons AvenueAddressLine1Txt
CitySeffnerCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33584ZIPCd
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 PrsnYes (1)FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (1)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions0ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc0TransactionsFailToQlfyAsExcInd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Stephen L Jaeb
2326 S Parsons AvenueSeffnerFL33584President10.00$4,500$36,090$0
Kenneth G Fuller
2326 S Parsons AvenueSeffnerFL33584Vice President/Executive D40.00$106,154$36,090$15,000
Sandra D Jaeb
2326 S Parsons AvenueSeffnerFL33584Secretary/Treasurer1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1The Foundation supports the spreading of the Gospel through direct missionary activities in various locations throughout the world.Description1Txt
Expenses1$45,861Expenses1Amt
Description2The Foundation supports conferences, trains pastors and teaches in schools.Description2Txt
Expenses2$37,131Expenses2Amt
Description3The Paige Project - The Foundation published and disseminated a religious/inspirational book written and illustrated by a young girl handicapped by a rare neuromuscular degenerative disease. The book is intended to challenge, move, and inspire readers to strengthen their faith and hope in Jesus Christ.Description3Txt
Expenses3$11,022Expenses3Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$22,082,230AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,949,566AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$14,493,968FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$39,525,764TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$39,525,764AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$592,886CashDeemedCharitableAmt
Net Vl Noncharitable Assets$38,932,878NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,946,644MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,946,644MinimumInvestmentReturnAmt
Tax Based On Investment Income$4,164TaxBasedOnInvestmentIncomeAmt
Income Tax$16,658IncomeTaxAmt
Total Tax$20,822TotalTaxAmt
Distributable Before Adj$1,925,822DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$1,925,822DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$1,925,822DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,059,324ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$5,059,324QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$5,059,324AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,925,822DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$2,484,473ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$2,499,871ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$2,077,729ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,647,637ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$8,709,710TotalExcessDistributionCyovAmt
Qualifying Distributions$5,059,324QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,925,822AppliedToCurrentYearAmt
Remaining Distri From Corpus$3,133,502RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$11,843,212TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$2,484,473ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$9,358,739ExcessDistriCyovToNextYrAmt
Excess From Year3$2,499,871ExcessFromYear3Amt
Excess From Year2$2,077,729ExcessFromYear2Amt
Excess From Year1$1,647,637ExcessFromYear1Amt
Excess From Current Year$3,133,502ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerStephen L JaebContributingManagerNm
Contributing ManagerSandra D JaebContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonKen Fuller Executive DirectorRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12326 S Parsons AvenueAddressLine1Txt
CitySeffnerCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33584ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8136815796RecipientPhoneNum
Form And Info And MaterialsNone SpecifiedFormAndInfoAndMaterialsTxt
Submission DeadlinesNoneSubmissionDeadlinesTxt
Restrictions On AwardsReligious OrganizationsRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Exalting Christ in Honduras
2326 S Parsons AveSeffnerFL335845214PCTo spread the Gospel of Jesus Christ$30,083
National Christian Foundation Real Property
11625 Rainwater Drive Suite 500AlpharettaGA30009SO ITo spread the Gospel of Jesus Christ$432,053
National Christian Foundation
11625 Rainwater Drive Suite 500AlpharettaGA30009PCTo spread the Gospel of Jesus Christ$3,000,000
NCF Charitable Trust
PO Box 17820ClearwaterFL337620820SO ITo spread the Gospel of Jesus Christ$1,520,000
New Zion Baptist Church
1179 Hwy 177ABonifayFL32425PCTo spread the Gospel of Jesus Christ$10,000
Paige Project
PO Box 264ThonotosassaFL335920264PCTo spread the Gospel of Jesus Christ$9,399
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$5,001,535TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$306,872ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Business900099BusinessCd
Exclusion18ExclusionCd
Exclusion-$2,234,946ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (4 entries)

DescDescRelated Or Exempt Function IncmRelatedOrExemptFunctionIncmAmtExclusionExclusionCdExclusionExclusionAmtBusinessBusinessCdUnrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt
Miscellaneous Revenue$5,041
Miscellaneous Revenue01$5,469
Partnership Income14$603900099$89,493
Partnership Income900099

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$89,493UnrelatedBusinessTaxblIncmAmt
Exclusion-$1,922,002ExclusionAmt
Related Or Exempt Function Incm$5,041RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$1,827,468TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number11aLineNumberTxt
Relationship StatementSales related to the Paige Project - See Statement 14RelationshipStatementTxt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1Lorena Jaeb (Lorena Jaeb Revoc Trust)BusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 428AddressLine1Txt
CityMangoCityNm
State AbbreviationFLStateAbbreviationCd
ZIP335500428ZIPCd
FieldValueIRS element (for citing)
Total Contributions$11,889,656TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyDistribution of interests in limited liability companies and other investmentsNoncashPropertyDesc
Fair Market Value$11,889,656FairMarketValueAmt
Received2019-01-01ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting & Tax Advisory ServicesCategoryTxt
Amt$145,189Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (7 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmt
Home2009-10-31$196,110$44,627SL39.000000000000$5,028$0
Leasehold Improvements2009-10-31$110,012$68,428150DB15.000000000000$6,398$0
Leasehold Improvements2009-10-31$150,935$93,882150DB15.000000000000$8,777$0
Leasehold Improvements2010-10-31$3,000$1,740150DB15.000000000000$168$0
Grass ProLawnmower2014-09-05$3,990$3,192SL5.000000000000$732$0
Misc2009-10-31$7,500$3,951200DB5.000000000000$0$0
Water Purifier2018-10-31$2,949SL5.000000000000$541$0

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescMedium ExplanationMediumExplanationTxt
Form 990-PF, Part II, Line 22, Column (b):Prior to the filing of this return, the probate court approved a petition that was filed by the Trustee of the Lorena Jaeb Revocable Trust ("the Trust") to authorize the Trustee to reform the Trust provisions. The petition sought to have the court to require that certain assets of the Trust that were originally designated by the Trust to be distributed to The Believers Foundation, Inc. instead be distributed to a named 501(c)(3) public charity. This petition was filed as a precautionary measure to ensure that The Believers Foundation, Inc. is in compliance with the self-dealing rules in Section 4941 and the related Regulations. If The Believers Foundation, Inc. were to have been the distributee with respect to the subject assets, it would have been required to evaluate the exceptions to the self-dealing prohibition in order to address its compliance. The court order, effective retroactively to the date of death of the Trust's grantor, provides that The Believers Foundation, Inc. would not be the distributee with respect to such assets and further, to the extent that the relevant assets may have previously been assigned by the Trust to The Believers Foundation, Inc., The Believers Foundation, Inc. is required to transfer those assets to a named 501(c)(3) public charity as constructive trustee for the benefit of the named 501(c)(3) public charity.
Form 990-PF, Part VIII, Line 1, Column (c):The expense account/other allowance amount reported for the Executive Director includes taxable non-cash benefits provided to the Executive Director of approximately $15,000.

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (9 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
Merrill Lynch InvestmentsFMV$1,524,765$1,524,765
Hawthorn InvestmentsFMV$4,896,288$4,896,288
AgAmerica Lending FundFMV$2,377,419$2,377,419
Coin InvestmentFMV$3,424$3,424
Wilder Oaks, LLCFMV$3,000,000$3,000,000
Camillia Rose, LLCFMV$1,125$1,125
LMJS Properties, LLCFMV$3,131,200$3,131,200
Vittoria Offshore FundFMV$6,175,000$6,175,000
Veritable LG BSD OPFMV$900,000$900,000

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (7 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmt
Home$196,110$49,655$146,455
Leasehold Improvements$110,012$74,826$35,186
Leasehold Improvements$150,935$102,659$48,276
Leasehold Improvements$3,000$1,908$1,092
Grass ProLawnmower$3,990$3,924$66
Misc$7,500$3,951$3,549
Water Purifier$2,949$541$2,408

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLegal FeesCategoryTxt
Legal Fees$28,658LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
Deposits$1,354$1,354$1,354
Assets held for others$1,282,186$14,014,045$14,014,045

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Miscellaneous$18,724$0$0
Insurance$2,747$0$0
Office expenses$6,632$4,089$0
Dues & Subscriptions$140$0$0
Honorariums$547$0$547
Postage & Shipping$1,000$910$0
Repairs & Maintenance$468$0$0
Information Technology$10,356$2,278$8,078

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmtNet Investment IncomeNetInvestmentIncomeAmt
Miscellaneous Revenue$5,041$5,041
Miscellaneous Revenue$5,469$5,469$5,469
Partnership Income$90,096$90,096$603

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUnrealized gains (losses)Desc
Amt$736,698Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescLiability for assets held for othersDesc
BOY Book Value$1,282,186BOYBookValueAmt
EOY Book Value$14,014,045EOYBookValueAmt

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

FieldValueIRS element (for citing)
Business Name Line1Berean Bible Community Church IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Balance Due$0BalanceDueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment ManagementCategoryTxt
Amt$97,491Amt
Net Investment Income$97,491NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTaxesCategoryTxt
Amt$27,562Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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