2019-08-15T16:11:01-05:00 2018-09-30 204193611 Batts Morrison Wales & Lee PA 801 North Orange Avenue Suite 800 Orlando FL 32801 990PF 2017-10-01 592851282 The Believers Foundation Inc BELI 8136815796 2326 S Parsons Avenue Seffner FL 33584 Ken Fuller Executive Director 8136815796 2019-08-13 1 Michele M Wales P00428093 4077706000 2019-08-13 99.25.81.133 2019-08-13 09:59:50 ED P 935CACE8365413C0D76314017BD70661184C200E 935CACE8365413C0D76314017BD70661184C200E 2017 2019-02-21 02:37:17Z X 22106358 X 4520000 329832 329832 626649 5582107 626649 119744 113798 5596225 1070279 109904 0 0 49166 0 0 96358 0 0 59319 0 0 63494 63494 0 49271 0 0 21168 0 77677 0 0 61933 0 61933 7735 0 7735 31060 5741 8692 627085 69235 78360 2500722 2500722 3127807 69235 2579082 2468418 1001044 2057841 2669866 2669869 248787 0 261887 248787 248787 15887207 17406572 17454162 471547 215820 276895 255727 450000 9110 1283540 1283540 18492940 21864492 22106358 1693 0 1282186 0 1283879 X 0 0 0 0 18492940 20580613 18492940 20580613 18492940 21864492 18492940 2468418 0 20961358 380745 20580613 Investments In Partnerships D 1065 15698 -14633 -14633 Publicly traded securities 5158037 4639156 518881 518881 Publicly traded securities 423005 300604 122401 122401 626649 0 2862299 16198088 0.176706 3056465 11197474 0.272960 5207 12400917 0.000420 3148284 13501131 0.233187 4268089 16151026 0.264261 0.947534 0.189507 19029324 3606190 10010 3616200 2579082 20021 0 20021 0 20021 46129 0 0 46129 0 26108 26108 0 0 0 0 0 0 0 0 0 0 0 1 1 FL GA 1 0 0 0 1 1 None Kenneth G Fuller 8136815796 2326 S Parsons Avenue Seffner FL 33584 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Stephen L Jaeb 2326 S Parsons Avenue Seffner FL 33584 President 10.00 0 32955 0 Kenneth G Fuller 2326 S Parsons Avenue Seffner FL 33584 Vice President/Executive D 40.00 109904 42814 15000 Sandra D Jaeb 2326 S Parsons Avenue Seffner FL 33584 Secretary/Treasurer 1.00 0 0 0 NONE 0 NONE 0 The Foundation supports the spreading of the Gospel through direct missionary activities in various locations throughout the world. 46797 The Foundation supports conferences, trains pastors and teaches in schools. 12719 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. 6291 N/A 0 0 11283784 2756828 5278499 19319111 0 0 19319111 289787 19029324 951466 951466 20021 20021 931445 0 931445 0 931445 2579082 0 2579082 0 2579082 931445 0 0 3469468 2484473 2499871 2077729 10531541 2579082 0 0 0 931445 1647637 0 0 12179178 0 0 0 0 0 0 3469468 8709710 2484473 2499871 2077729 1647637 Stephen L Jaeb Sandra D Jaeb Ken Fuller Executive Director 2326 S Parsons Avenue Seffner FL 33584 8136815796 None Specified None Religious Organizations 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 2500000 2500722 0 14 329832 900099 18 626649 Misc Other Income 5946 Misc Other Income 01 15130 Partnership Income 900099 14 98668 0 1070279 5946 1076225 11a Sales related to the Paige Project - See Statement 14 0 0 0 0 0 0 0 0 0 0 X X 1 Lorena Jaeb (Lorena Jaeb Revoc Trust) PO Box 428 Mango FL 335500428 4520000 X X 1 Distribution of interests in limited liability companies 4520000 2018-03-19 Accounting & Tax Advisory Services 59319 0 0 Home 2009-10-31 196110 39599 SL 39.000000000000 5028 0 Leasehold Improvements 2009-10-31 110012 62031 150DB 15.000000000000 6397 0 Leasehold Improvements 2009-10-31 150935 85105 150DB 15.000000000000 8777 0 Leasehold Improvements 2010-10-31 3000 1572 150DB 15.000000000000 168 0 Grass ProLawnmower 2014-09-05 3990 2394 SL 5.000000000000 798 0 Misc 2009-10-31 7500 3951 200DB 5.000000000000 0 0 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. Veritable - Hawthorne FMV 7771397 7771397 Merrill Lynch Funds FMV 1561736 1561736 Virtual Bible, Inc. FMV 207000 207000 RFID Stock FMV 750000 750000 Bankers South High Yield FMV 1243493 1291083 Coin Investment FMV 3424 3424 Hawthorn Equities FMV 1349522 1349522 Wilder Oaks, LLC FMV 3000000 3000000 Pathway Biologic, LLC FMV 1520000 1520000 Home 196110 44627 151483 Leasehold Improvements 110012 68428 41584 Leasehold Improvements 150935 93882 57053 Leasehold Improvements 3000 1740 1260 Grass ProLawnmower 3990 3192 798 Misc 7500 3951 3549 Deposits 1354 1354 1354 Other 5856 0 Misc receivables 1900 Assets held for others 1282186 1282186 Unrealized gains (losses) 380745 Office expenses 15537 3190 434 Postage & Shipping 598 538 60 Insurance 1593 0 0 Miscellaneous 3151 0 1060 Information Technology 9151 2013 7138 Repairs and Maintenance 930 0 0 Dues & Subscriptions 100 0 0 Misc Other Income 5946 5946 Misc Other Income 15130 15130 15130 Partnership Income 98668 98668 98668 Liability for assets held for others 0 1282186 Berean Bible Community Church Inc 248787 Investment Management 63494 63494 0 Taxes 49271 0 0