THE BELIEVERS FOUNDATION INC: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- THE BELIEVERS FOUNDATION INC (EIN 59-2851282)
- Tax period
- 2017-10-01 to 2018-09-30
- Filed
- 2019-08-15
- IRS object ID
- 201902279349101030
- Schema version
- 2017v2.3
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- General Explanation Attachment
- Investments Other Schedule2
- Land Etc Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Notes Loans Rcvbl Short Sch2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-08-15T16:11:01-05:00 | ReturnTs |
| Tax Period End | 2018-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 204193611 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Batts Morrison Wales & Lee PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 North Orange Avenue Suite 800 | AddressLine1Txt |
| City | Orlando | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 592851282 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Believers Foundation Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BELI | BusinessNameControlTxt |
| Phone | 8136815796 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2326 S Parsons Avenue | AddressLine1Txt |
| City | Seffner | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33584 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Ken Fuller | PersonNm |
| Person Title | Executive Director | PersonTitleTxt |
| Phone | 8136815796 | PhoneNum |
| Signature | 2019-08-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Michele M Wales | PreparerPersonNm |
| PTIN | P00428093 | PTIN |
| Phone | 4077706000 | PhoneNum |
| Preparation | 2019-08-13 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 99.25.81.133 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-08-13 | IPDt |
| IP Tm | 09:59:50 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 935CACE8365413C0D76314017BD70661184C200E | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 935CACE8365413C0D76314017BD70661184C200E | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $22,106,358 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $4,520,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $329,832 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $329,832 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $626,649 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,582,107 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $626,649 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $119,744 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $113,798 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $5,596,225 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,070,279 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $109,904 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $49,166 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $0 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $96,358 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $0 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $59,319 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $63,494 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $63,494 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $49,271 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $21,168 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $77,677 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $0 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $61,933 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $61,933 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $7,735 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $7,735 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $31,060 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $5,741 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $8,692 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $627,085 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $69,235 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $78,360 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,500,722 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,500,722 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,127,807 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $69,235 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,579,082 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,468,418 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,001,044 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $2,057,841 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,669,866 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,669,869 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $248,787 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $261,887 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $248,787 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $248,787 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Other Investments BOY | $15,887,207 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $17,406,572 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $17,454,162 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $471,547 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $215,820 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $276,895 | LandBOYAmt |
| Land EOY | $255,727 | LandEOYAmt |
| Land EOYFMV | $450,000 | LandEOYFMVAmt |
| Other Assets BOY | $9,110 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,283,540 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,283,540 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $18,492,940 | TotalAssetsBOYAmt |
| Total Assets EOY | $21,864,492 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $22,106,358 | TotalAssetsEOYFMVAmt |
| Accounts Payable EOY | $1,693 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $1,282,186 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,283,879 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $18,492,940 | RetainedEarningBOYAmt |
| Retained Earning EOY | $20,580,613 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $18,492,940 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $20,580,613 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $18,492,940 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $21,864,492 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $18,492,940 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,468,418 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $20,961,358 | SubtotalAmt |
| Other Decreases | $380,745 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $20,580,613 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| Investments In Partnerships | D | $1,065 | $15,698 | -$14,633 | -$14,633 |
| Publicly traded securities | $5,158,037 | $4,639,156 | $518,881 | $518,881 | |
| Publicly traded securities | $423,005 | $300,604 | $122,401 | $122,401 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $626,649 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $2,862,299 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $16,198,088 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.176706 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $3,056,465 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $11,197,474 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.272960 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $5,207 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $12,400,917 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.000420 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $3,148,284 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $13,501,131 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.233187 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $4,268,089 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $16,151,026 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.264261 | DistributionYr5Rt |
| Total Distribution | 0.947534 | TotalDistributionRt |
| Average Distribution | 0.189507 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $19,029,324 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $3,606,190 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $10,010 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $3,616,200 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $2,579,082 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $20,021 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $20,021 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $20,021 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $46,129 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $46,129 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $26,108 | OverpaymentAmt |
| Applied To ES Tax | $26,108 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Org Report Or Register State | GA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | Yes (1) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | None | WebsiteAddressTxt |
| Individual With Books | Kenneth G Fuller | IndividualWithBooksNm |
| Phone | 8136815796 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2326 S Parsons Avenue | AddressLine1Txt |
| City | Seffner | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33584 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Stephen L Jaeb | ||||||||
| 2326 S Parsons Avenue | Seffner | FL | 33584 | President | 10.00 | $0 | $32,955 | $0 |
| Kenneth G Fuller | ||||||||
| 2326 S Parsons Avenue | Seffner | FL | 33584 | Vice President/Executive D | 40.00 | $109,904 | $42,814 | $15,000 |
| Sandra D Jaeb | ||||||||
| 2326 S Parsons Avenue | Seffner | FL | 33584 | Secretary/Treasurer | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | The Foundation supports the spreading of the Gospel through direct missionary activities in various locations throughout the world. | Description1Txt |
| Expenses1 | $46,797 | Expenses1Amt |
| Description2 | The Foundation supports conferences, trains pastors and teaches in schools. | Description2Txt |
| Expenses2 | $12,719 | Expenses2Amt |
| Description3 | The 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 | $6,291 | Expenses3Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $11,283,784 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,756,828 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $5,278,499 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $19,319,111 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $19,319,111 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $289,787 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $19,029,324 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $951,466 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $951,466 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $20,021 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $20,021 | TotalTaxAmt |
| Distributable Before Adj | $931,445 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $931,445 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $931,445 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,579,082 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,579,082 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $2,579,082 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $931,445 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $3,469,468 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $2,484,473 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $2,499,871 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $2,077,729 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $10,531,541 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,579,082 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $931,445 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,647,637 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $12,179,178 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $3,469,468 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $8,709,710 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $2,484,473 | ExcessFromYear4Amt |
| Excess From Year2 | $2,499,871 | ExcessFromYear2Amt |
| Excess From Year1 | $2,077,729 | ExcessFromYear1Amt |
| Excess From Current Year | $1,647,637 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Stephen L Jaeb | ContributingManagerNm |
| Contributing Manager | Sandra D Jaeb | ContributingManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Ken Fuller Executive Director | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2326 S Parsons Avenue | AddressLine1Txt |
| City | Seffner | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33584 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 8136815796 | RecipientPhoneNum |
| Form And Info And Materials | None Specified | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None | SubmissionDeadlinesTxt |
| Restrictions On Awards | Religious Organizations | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| Grace Bible Church of Tampa | ||||||
| 12101 North 56th Street | Tampa | FL | 33617 | Public Charity or Eq | To spread the Gospel of Jesus Christ | $722 |
| National Christian Foundation | ||||||
| 11625 Rainwater Drive Suite 500 | Alpharetta | GA | 30009 | Public Charity or Eq | To spread the Gospel of Christ | $2,500,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,500,722 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $329,832 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 900099 | BusinessCd |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $626,649 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (3 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd |
|---|---|---|---|---|
| Misc Other Income | $5,946 | |||
| Misc Other Income | 01 | $15,130 | ||
| Partnership Income | 14 | $98,668 | 900099 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,070,279 | ExclusionAmt |
| Related Or Exempt Function Incm | $5,946 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,076,225 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 11a | LineNumberTxt |
| Relationship Statement | Sales related to the Paige Project - See Statement 14 | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Lorena Jaeb (Lorena Jaeb Revoc Trust) | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 428 | AddressLine1Txt |
| City | Mango | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 335500428 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $4,520,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | Distribution of interests in limited liability companies | NoncashPropertyDesc |
| Fair Market Value | $4,520,000 | FairMarketValueAmt |
| Received | 2018-03-19 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting & Tax Advisory Services | CategoryTxt |
| Amt | $59,319 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (6 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| Home | 2009-10-31 | $196,110 | $39,599 | SL | 39.000000000000 | $5,028 | $0 |
| Leasehold Improvements | 2009-10-31 | $110,012 | $62,031 | 150DB | 15.000000000000 | $6,397 | $0 |
| Leasehold Improvements | 2009-10-31 | $150,935 | $85,105 | 150DB | 15.000000000000 | $8,777 | $0 |
| Leasehold Improvements | 2010-10-31 | $3,000 | $1,572 | 150DB | 15.000000000000 | $168 | $0 |
| Grass ProLawnmower | 2014-09-05 | $3,990 | $2,394 | SL | 5.000000000000 | $798 | $0 |
| Misc | 2009-10-31 | $7,500 | $3,951 | 200DB | 5.000000000000 | $0 | $0 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | Medium ExplanationMediumExplanationTxt |
|---|---|
| Form 990-PF, Part II, Line 22, Column (b): | The return has been prepared with the expectation that the probate court will approve a petition that has been filed by the Trustee of the Lorena Jaeb Revocable Trust ("the Trust") to authorize the Trustee to reform the Trust provisions. The petition seeks 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. The Trustee has made the request of the court 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 be the distributee with respect to the subject assets, it would be required to evaluate the exceptions to the self-dealing prohibition in order to address its compliance. If approved by the court, effective retroactively to the date of death of the Trust's grantor, 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. will be 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.As of the filing date of this return, the probate court's ruling had not yet been issued, but it is expected. In order to timely file this return, The Believers Foundation, Inc. has filed it reflecting the anticipated ruling with retroactive effect. If the probate court does not approve the petition as described above, The Believer's Foundation, Inc. will determine whether an amended return is necessary to properly reflect the resulting facts and will address that determination accordingly. |
| 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 ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Veritable - Hawthorne | FMV | $7,771,397 | $7,771,397 |
| Merrill Lynch Funds | FMV | $1,561,736 | $1,561,736 |
| Virtual Bible, Inc. | FMV | $207,000 | $207,000 |
| RFID Stock | FMV | $750,000 | $750,000 |
| Bankers South High Yield | FMV | $1,243,493 | $1,291,083 |
| Coin Investment | FMV | $3,424 | $3,424 |
| Hawthorn Equities | FMV | $1,349,522 | $1,349,522 |
| Wilder Oaks, LLC | FMV | $3,000,000 | $3,000,000 |
| Pathway Biologic, LLC | FMV | $1,520,000 | $1,520,000 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| Home | $196,110 | $44,627 | $151,483 |
| Leasehold Improvements | $110,012 | $68,428 | $41,584 |
| Leasehold Improvements | $150,935 | $93,882 | $57,053 |
| Leasehold Improvements | $3,000 | $1,740 | $1,260 |
| Grass ProLawnmower | $3,990 | $3,192 | $798 |
| Misc | $7,500 | $3,951 | $3,549 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Deposits | $1,354 | $1,354 | $1,354 |
| Other | $5,856 | $0 | |
| Misc receivables | $1,900 | ||
| Assets held for others | $1,282,186 | $1,282,186 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Unrealized gains (losses) | Desc |
| Amt | $380,745 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Office expenses | $15,537 | $3,190 | $434 |
| Postage & Shipping | $598 | $538 | $60 |
| Insurance | $1,593 | $0 | $0 |
| Miscellaneous | $3,151 | $0 | $1,060 |
| Information Technology | $9,151 | $2,013 | $7,138 |
| Repairs and Maintenance | $930 | $0 | $0 |
| Dues & Subscriptions | $100 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Misc Other Income | $5,946 | $5,946 | |
| Misc Other Income | $15,130 | $15,130 | $15,130 |
| Partnership Income | $98,668 | $98,668 | $98,668 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Liability for assets held for others | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $1,282,186 | EOYBookValueAmt |
Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2
Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp
Organization501c3 Name Organization501c3Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Berean Bible Community Church Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Balance Due | $248,787 | BalanceDueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management | CategoryTxt |
| Amt | $63,494 | Amt |
| Net Investment Income | $63,494 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Taxes | CategoryTxt |
| Amt | $49,271 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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