THE BELIEVERS FOUNDATION INC: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- THE BELIEVERS FOUNDATION INC (EIN 59-2851282)
- Tax period
- 2012-09-01 to 2013-08-31
- Filed
- 2014-07-11
- IRS object ID
- 201411929349100301
- Schema version
- 2012v2.1
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Expenditure Responsibility Stmt
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Notes Loans Rcvbl Long Sch
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-07-11T08:28:15-05:00 | Timestamp |
| Tax Period End Date | 2013-08-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204193611 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Batts Morrison Wales & Lee PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 North Orange Avenue Suite 800 | AddressLine1 |
| City | Orlando | City |
| State | FL | State |
| ZIP Code | 32801 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-09-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 592851282 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Believers Foundation Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BELI | NameControl |
| Phone | 8136815796 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Post Office Box 428 | AddressLine1 |
| City | Mango | City |
| State | FL | State |
| ZIP Code | 33550 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Ken Fuller | Name |
| Title | Executive Director | Title |
| Phone | 8136815796 | Phone |
| Date Signed | 2014-07-09 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Michele M Wales | Name |
| PTIN | P00428093 | PTIN |
| Phone | 4077706000 | Phone |
| Date Prepared | 2014-07-09 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 19536973 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 15000 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 10 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 10 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 408244 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 408244 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | -542976 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 4309426 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 0 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | 34914 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 24768 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | -84808 | TotalRevenueAndExpenses |
| Total Net Investment Income | 433022 | TotalNetInvestmentIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 107894 | CompOfcrDirTrstRevAndExpnss |
| Comp Ofcr Dir Trst Net Invst Incm | 0 | CompOfcrDirTrstNetInvstIncm |
| Comp Ofcr Dir Trst Dsbrs Chrtbl Prps | 0 | CompOfcrDirTrstDsbrsChrtblPrps |
| Oth Empl Slrs Wgs Rev And Expnss | 52690 | OthEmplSlrsWgsRevAndExpnss |
| Oth Empl Slrs Wgs Net Invst Incm | 0 | OthEmplSlrsWgsNetInvstIncm |
| Oth Empl Slrs Wgs Dsbrs Chrtbl Prps | 0 | OthEmplSlrsWgsDsbrsChrtblPrps |
| Pension Empl Bnft Rev And Expnss | 42566 | PensionEmplBnftRevAndExpnss |
| Pension Empl Bnft Net Invst Incm | 0 | PensionEmplBnftNetInvstIncm |
| Pension Empl Bnft Dsbrs Chrtbl Prps | 0 | PensionEmplBnftDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 18219 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 14211 | AccountingFeesNetInvstIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 0 | AccountingFeesDsbrsChrtblPrps |
| Other Prof Fees Rev And Expnss | 66027 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 65778 | OtherProfFeesNetInvstIncm |
| Other Prof Fees Dsbrs Chrtbl Prps | 0 | OtherProfFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 11170 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 0 | TaxesNetInvstIncm |
| Taxes Dsbrs Chrtbl Prps | 0 | TaxesDsbrsChrtblPrps |
| Deprec And Depletion Rev And Expnss | 25528 | DeprecAndDepletionRevAndExpnss |
| Deprec And Depletion Net Invst Incm | 0 | DeprecAndDepletionNetInvstIncm |
| Occupancy Rev And Expnss | 18769 | OccupancyRevAndExpnss |
| Occupancy Net Invst Incm | 0 | OccupancyNetInvstIncm |
| Occupancy Dsbrs Chrtbl Prps | 0 | OccupancyDsbrsChrtblPrps |
| Trav Conf Meeting Rev And Expnss | 31304 | TravConfMeetingRevAndExpnss |
| Trav Conf Meeting Net Invst Incm | 0 | TravConfMeetingNetInvstIncm |
| Trav Conf Meeting Dsbrs Chrtbl Prps | 31304 | TravConfMeetingDsbrsChrtblPrps |
| Printing And Pub Rev And Expnss | 5744 | PrintingAndPubRevAndExpnss |
| Printing And Pub Net Invst Incm | 0 | PrintingAndPubNetInvstIncm |
| Printing And Pub Dsbrs Chrtbl Prps | 1206 | PrintingAndPubDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 51159 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 10668 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 37857 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 431070 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 90657 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 70367 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 2245557 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 2245557 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 2676627 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 90657 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 2315924 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -2761435 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 342365 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 212722 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 91419 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 91419 | SavingsAndTempCashInvstEOYFMV |
| Other Notes And Loans Receivable | 314891 | OtherNotesAndLoansReceivable |
| Allwnc For Dbtfl Acct Other Rcvbl | 0 | AllwncForDbtflAcctOtherRcvbl |
| Other Notes And Loans Rcvbl BOY | 326411 | OtherNotesAndLoansRcvblBOY |
| Other Notes And Loans Rcvbl EOY | 314891 | OtherNotesAndLoansRcvblEOY |
| Other Notes And Loans Rcvbl EOYFMV | 314891 | OtherNotesAndLoansRcvblEOYFMV |
| Investments Corp Stock BOY | 13923720 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 12899111 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 13284513 | InvestmentsCorpStockEOYFMV |
| Investments Other BOY | 7371234 | InvestmentsOtherBOY |
| Investments Other EOY | 5790589 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 4896950 | InvestmentsOtherEOYFMV |
| Land Building And Equipment Basis | 513812 | LandBuildingAndEquipmentBasis |
| Accum Deprec Land Bldg And Equip | 154014 | AccumDeprecLandBldgAndEquip |
| Land Building And Equipment BOY | 385326 | LandBuildingAndEquipmentBOY |
| Land Building And Equipment EOY | 359798 | LandBuildingAndEquipmentEOY |
| Land Building And Equipment EOYFMV | 949200 | LandBuildingAndEquipmentEOYFMV |
| Total Assets BOY | 22219413 | TotalAssetsBOY |
| Total Assets EOY | 19455808 | TotalAssetsEOY |
| Total Assets EOYFMV | 19536973 | TotalAssetsEOYFMV |
| Other Liabilities BOY | 339 | OtherLiabilitiesBOY |
| Other Liabilities EOY | 0 | OtherLiabilitiesEOY |
| Total Liabilities BOY | 339 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 0 | CapitalStockBOY |
| Capital Stock EOY | 0 | CapitalStockEOY |
| Paid In Or Capital Surplus BOY | 0 | PaidInOrCapitalSurplusBOY |
| Paid In Or Capital Surplus EOY | 0 | PaidInOrCapitalSurplusEOY |
| Retained Earnings BOY | 22219074 | RetainedEarningsBOY |
| Retained Earnings EOY | 19455808 | RetainedEarningsEOY |
| Total Net Assets BOY | 22219074 | TotalNetAssetsBOY |
| Total Net Assets EOY | 19455808 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 22219413 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 19455808 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 22219074 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -2761435 | ExcessOfRevenueOverExpenses |
| Other Increases | 0 | OtherIncreases |
| Subtotal | 19457639 | Subtotal |
| Other Decreases | 1831 | OtherDecreases |
| Total Net Assets Fund Balances EOY | 19455808 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (12 entries)
| Description Of AssetDescriptionOfAsset | How AcquiredHowAcquired | Gross Sales PriceGrossSalesPrice | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses | Cost Or Other BasisCostOrOtherBasis |
|---|---|---|---|---|---|
| Bennu Investment Partners, L.P. | D | 9199 | 9199 | 9199 | |
| Veritable Silver Point Partners, L.P. | D | 761 | 761 | 761 | |
| Veritable Silver Point Partners, L.P. | D | 302 | 302 | 302 | |
| Veritable WCP Partners, L.P. | D | 11 | 11 | 11 | |
| Veritable WCP Partners, L.P. | D | 2786 | 2786 | 2786 | |
| Veritable - Publicly traded securities | D | 2184111 | -225109 | -225109 | 2409220 |
| Bankers South High Yield Fund A, LLC | D | 9310 | 9310 | 9310 | |
| Bankers South High Yield Fund A, LLC | D | 1473 | 1473 | 1473 | |
| Vittoria Offshore Fund, Ltd. | D | 1650000 | 159680 | 159680 | 1490320 |
| Pleiades Offshore Fund, Ltd. | D | 410000 | -542862 | -542862 | 952862 |
| Publicly traded securities | P | 1268 | 1268 | 1268 | |
| Publicly traded securities | P | 40205 | 40205 | 40205 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -542976 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | 0 | LiableFor4942Tax |
| Qualifying Distributions Year1 | 4186207 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 23122173 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.181047 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 3582141 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 26252030 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.136452 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 3634616 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 27618176 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.131602 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 3873160 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 32586426 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.118858 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 3504474 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 32401929 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.108156 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.676115 | TotalDistributionRatio |
| Average Distribution Ratio | 0.135223 | AverageDistributionRatio |
| Net Noncharitable Assets | 20105326 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 2718702 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 3424 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 2722126 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 2315924 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 6847 | InvestmentIncomeExciseTax |
| Tax Under Section511 | 0 | TaxUnderSection511 |
| Subtotal | 6847 | Subtotal |
| Subtitle A Tax | 0 | SubtitleATax |
| Tax Based On Investment Income | 6847 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 17688 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 17688 | TotalCreditsAndPayments |
| Overpayment | 10841 | Overpayment |
| Amount Credited To Next Year | 10841 | AmountCreditedToNextYear |
| Amount To Be Refunded | 0 | AmountToBeRefunded |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | 0 | LegislativePoliticalActivities |
| More Than100 Spent | 0 | MoreThan100Spent |
| Form1120 POL Filed | 0 | Form1120POLFiled |
| Sect4955 Tax On Organization | 0 | Sect4955TaxOnOrganization |
| Sect4955 Tax On Managers | 0 | Sect4955TaxOnManagers |
| Reimbursement Of Tax | 0 | ReimbursementOfTax |
| Activities Not Prev Reported | 0 | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | 1 | UnrelatedBusIncomeOver1000 |
| Form990 T Filed | 1 | Form990TFiled |
| Termination Etc | 0 | TerminationEtc |
| Requirements Of Sect508e | 1 | RequirementsOfSect508e |
| At Least5000 In Assets | 1 | AtLeast5000InAssets |
| States Filed With | FL | StatesFiledWith |
| States Filed With | GA | StatesFiledWith |
| Form990 PF Filed With AG | 1 | Form990PFFiledWithAG |
| Private Operating Foundation | 0 | PrivateOperatingFoundation |
| New Substantial Contributors | 0 | NewSubstantialContributors |
| Interest In Controlled Entity | 0 | InterestInControlledEntity |
| Applicable Insurance Contract | 1 | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | 1 | ComplyWithPublicInspectionRqr |
| Website Address | None | WebsiteAddress |
| Books In Care Of Person Name | Kenneth G Fuller | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 8136815796 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 428 | AddressLine1 |
| City | Mango | City |
| State | FL | State |
| ZIP Code | 33550 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | 0 | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | 0 | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | 0 | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | 1 | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | 1 | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | 0 | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | 0 | PaymentToGovernmentOffical |
| Acts Fail To Qualify As Exceptions | 0 | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActs |
| Undistributed Income Prior Years | 0 | UndistributedIncomePriorYears |
| Business Holdings | 0 | BusinessHoldings |
| Jeopardy Investments | 0 | JeopardyInvestments |
| Uncorrected Jeopardy Investments | 0 | UncorrectedJeopardyInvestments |
| Influence Legislation | 0 | InfluenceLegislation |
| Influence Election | 0 | InfluenceElection |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Noncharitable Purpose | 0 | NoncharitablePurpose |
| Tr Fail To Qualify As Exceptions | 0 | TrFailToQualifyAsExceptions |
| Maint Expend Responsibility | 1 | MaintExpendResponsibility |
| Rcv Funds To Pay Prsnl Bnft Contract | 0 | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | 0 | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | 0 | ProhibitedTaxShelterTransactn |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| Stephen L Jaeb | ||||||||
| PO Box 428 | Mango | FL | 33550 | President | 10.00 | 0 | 0 | 0 |
| Kenneth G Fuller | ||||||||
| PO Box 428 | Mango | FL | 33550 | Vice President/Executive Director | 40.00 | 110186 | 19163 | 0 |
| Sandra D Jaeb | ||||||||
| PO Box 428 | Mango | FL | 33550 | Secretary/Treasurer | 1.00 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Tot Number Of Oth Empl Paid Over50k | 0 | TotNumberOfOthEmplPaidOver50k |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
| Tot Number Of Cntrct Paid Over50k | 0 | TotNumberOfCntrctPaidOver50k |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | 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. | Description1 |
| Expenses1 | 16764 | Expenses1 |
| Description2 | The Foundation trains pastors and teaches in schools in Asia. | Description2 |
| Expenses2 | 8675 | Expenses2 |
| Description3 | The Foundation is directly involved in the day to day operations of MEDA in Honduras, Central America and directly incurs expenses relating to the operation of the seminary. The Foundation is also directly involved in the day to day operations of Exalting Christ in Honduras, an organization created to take over the assets and operations of MEDA. | Description3 |
| Expenses3 | 7787 | Expenses3 |
| Description4 | The Foundation supports individuals and missionaries from related ministries who speak at various local events by providing small honorariums for their time. | Description4 |
| Expenses4 | 1305 | Expenses4 |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
| Amount1 | 0 | Amount1 |
| Total | 0 | Total |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 13643591 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 160239 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 6607668 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 20411498 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Acquisition Indebtedness | 0 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 20411498 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 306172 | CashDeemedCharitable |
| Net Noncharitable Assets | 20105326 | NetNoncharitableAssets |
| Minimum Investment Return | 1005266 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 1005266 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 6847 | TaxBasedOnInvestmentIncome |
| Income Tax For This Year | 295 | IncomeTaxForThisYear |
| Total Tax | 7142 | TotalTax |
| Distributable Amount Before Adj | 998124 | DistributableAmountBeforeAdj |
| Recoveries Qlfy Distributions | 0 | RecoveriesQlfyDistributions |
| Distributable Amount Before Ded | 998124 | DistributableAmountBeforeDed |
| Deduction Fr Distributable | $0 | DeductionFrDistributableAmount |
| Distributable Amount As Adjusted | 998124 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 2315924 | ExpensesAndContributions |
| Program Related Investments Total | 0 | ProgramRelatedInvestmentsTotal |
| Qualifying Distributions | 2315924 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 0 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 2315924 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 998124 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 0 | UndistributedIncomePriorYear |
| Total For Prior Years | 0 | TotalForPriorYears |
| Excess Distri Carryover Year5 | 2063650 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 2254125 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 2263997 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 2282164 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 3043759 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 11907695 | TotalExcessDistriCarryover |
| Qualifying Distributions | 2315924 | QualifyingDistributions |
| Applied To Year1 | 0 | AppliedToYear1 |
| Applied To Prior Years | 0 | AppliedToPriorYears |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 998124 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 1317800 | RemainingDistriFromCorpus |
| Excess Distri Cyov App CY Corpus | 0 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 0 | ExcessDistriCyovAppliedCY |
| Total Corpus | 13225495 | TotalCorpus |
| Prior Year Undistributed Income | 0 | PriorYearUndistributedIncome |
| Prior Year Deficiency Or Tax | 0 | PriorYearDeficiencyOrTax |
| Taxable Amount1 | 0 | TaxableAmount1 |
| Taxable Amount2 | 0 | TaxableAmount2 |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Distri From Corpus170b1 E Or4942g3 | 0 | DistriFromCorpus170b1EOr4942g3 |
| Excess Distri Cyov From Year5 | 2063650 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 11161845 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 2254125 | ExcessFromYear4 |
| Excess From Year3 | 2263997 | ExcessFromYear3 |
| Excess From Year2 | 2282164 | ExcessFromYear2 |
| Excess From Year1 | 3043759 | ExcessFromYear1 |
| Excess From Current Year | 1317800 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Stephen L Jaeb | ContributingManager |
| Contributing Manager | Sandra D Jaeb | ContributingManager |
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | Ken Fuller Executive Director | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 428 | AddressLine1 |
| City | Mango | City |
| State | FL | State |
| ZIP Code | 33550 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone Number | 8136815796 | RecipientPhoneNumber |
| Form And Info And Materials | None Specified | FormAndInfoAndMaterials |
| Submission Deadlines | None | SubmissionDeadlines |
| Restrictions On Awards | Religious Organizations | RestrictionsOnAwards |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (34 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount | Address Line1RecipientForeignAddress/AddressLine1 | Province Or StateRecipientForeignAddress/ProvinceOrState | CountryRecipientForeignAddress/Country | CityRecipientForeignAddress/City |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Baptist Mid-Missions | |||||||||||
| 7749 Webster Road | Cleveland | OH | 44130 | None | Public Charity or Eq | To Spread the Gospel of Christ | $20,000 | ||||
| Bible Basics International | |||||||||||
| PO Box 726 | Odessa | FL | 33556 | None | Public Charity or Eq | To Spread the Gospel of Christ | $15,000 | ||||
| Christ Baptist Church | |||||||||||
| None | Foreign Nonprofit - | To Spread the Gospel of Christ | $250,000 | PO Box 857 Fauna Park | Pietersburg | SF | |||||
| Christolized Ministries Inc | |||||||||||
| 4547 Village Wood Drive | Orlando | FL | 32835 | None | Public Charity or Eq | To Spread the Gospel of Christ | $25,000 | ||||
| Comm Bible Church of Vallejo Solano County Inc - Exalting Christ Min | |||||||||||
| 710 Broadway Street | Vallejo | CA | 94590 | None | Public Charity or Eq | To Spread the Gospel of Christ | $167,057 | ||||
| Cornerstone Seminary | |||||||||||
| 710 Broadway Street | Vallejo | CA | 94590 | None | Public Charity or Eq | To Spread the Gospel of Christ | $90,000 | ||||
| Eglise Evangelique Internationale de Geneve | |||||||||||
| None | Foreign Nonprofit - | To Spread the Gospel of Christ | $7,000 | Route des Jeunes 12 CH-1227 | Geneva | SZ | Carouge | ||||
| Exalting Christ in Honduras Inc | |||||||||||
| PO Box 427 | Mango | FL | 33550 | None | Public Charity or Eq | To Spread the Gospel of Christ | $5,000 | ||||
| Expositors Seminary Inc | |||||||||||
| 17475 Jonathan Drive | Jupiter | FL | 33477 | None | Public Charity or Eq | To Spread the Gospel of Christ | $60,000 | ||||
| Faith Bible Church | |||||||||||
| 4907 Highway 34 East | Sharpsburg | GA | 30277 | None | Public Charity or Eq | To Spread the Gospel of Christ | $55,000 | ||||
| Fellowship Bible Church | |||||||||||
| PO Box 427 | Mango | FL | 33550 | None | Public Charity or Eq | To Spread the Gospel of Christ | $35,000 | ||||
| Friends of Israel Gospel Ministry Inc | |||||||||||
| PO Box 908 | Bellmawr | NJ | 08099 | None | Public Charity or Eq | To Spread the Gospel of Christ | $10,000 | ||||
| Grace Baptist Church | |||||||||||
| PO Box 12 | Cedarville | OH | 45314 | None | Public Charity or Eq | To Spread the Gospel of Christ | $35,000 | ||||
| Grace Bible Church of Tampa | |||||||||||
| 12101 N 56th Street | Tampa | FL | 33617 | None | Public Charity or Eq | To Spread the Gospel of Christ | $101,000 | ||||
| Grace Bible Sanctuary | |||||||||||
| 726 James Circle NE | Palm Bay | FL | 32905 | None | Public Charity or Eq | To Spread the Gospel of Christ | $10,000 | ||||
| Grace Community Church of the Valley | |||||||||||
| 13248 Roscoe Boulevard | Sun Valley | CA | 91352 | None | Public Charity or Eq | To Spread the Gospel of Christ | $474,000 | ||||
| Grace Ministries International | |||||||||||
| 40 Cleveland Road | Pleasant Hill | CA | 94532 | None | Public Charity or Eq | To Spread the Gospel of Christ | $5,000 | ||||
| Joni and Friends | |||||||||||
| PO Box 3333 | Agoura Hills | CA | 91376 | None | Public Charity or Eq | To Spread the Gospel of Christ | $50,000 | ||||
| Leadership Resources International | |||||||||||
| 12575 Ridgeland Avenue | Palos Heights | IL | 60463 | None | Public Charity or Eq | To Spread the Gospel of Christ | $100,000 | ||||
| Master's Mission | |||||||||||
| PO Box 547 | Robbinsville | NC | 28771 | None | Public Charity or Eq | To Spread the Gospel of Christ | $40,500 | ||||
| Masters Academy International Inc | |||||||||||
| 24307 Magic Mountain Parkway 540 | Valencia | CA | 91355 | None | Public Charity or Eq | To Spread the Gospel of Christ | $139,000 | ||||
| Masters College and Seminary | |||||||||||
| 13248 Roscoe Boulevard | Sun Valley | CA | 91352 | None | Public Charity or Eq | To Spread the Gospel of Christ | $35,000 | ||||
| MEDA | |||||||||||
| None | Foreign Nonprofit - | To Spread the Gospel of Christ | $3,000 | Apartado Postal 199 | Comayagua | HO | Siguatepeque | ||||
| Memorial Baptist Church | |||||||||||
| PO Box 31 | Pulaski | VA | 24301 | None | Public Charity or Eq | To Spread the Gospel of Christ | $15,000 | ||||
| More Than Bread | |||||||||||
| 5800A Hannum Avenue Suite 250 | Culver City | CA | 90230 | None | Public Charity or Eq | To Spread the Gospel of Christ | $25,000 | ||||
| NEMA Foundation Inc dba Provision Bridge | |||||||||||
| PO Box 337 | Tallulah Falls | GA | 30573 | None | Public Charity or Eq | Contribution to donor advised fund | $100,000 | ||||
| Proclaiming the Gospel | |||||||||||
| PO Box 940871 | Plano | TX | 75094 | None | Public Charity or Eq | To Spread the Gospel of Christ | $30,000 | ||||
| Propempo International Inc | |||||||||||
| 90-F Glenda Trace 405 | Newnan | GA | 30265 | None | Public Charity or Eq | To Spread the Gospel of Christ | $50,000 | ||||
| Shepherds Baptist Ministries Inc | |||||||||||
| 1805 15th Avenue | Union Grove | WI | 53182 | None | Public Charity or Eq | To Spread the Gospel of Christ | $50,000 | ||||
| Slavic Gospel Association | |||||||||||
| 6151 Commonwealth Drive | Loves Park | IL | 61111 | None | Public Charity or Eq | To Spread the Gospel of Christ | $125,000 | ||||
| United Ministries Fellowship | |||||||||||
| PO Box 6835 | Glendale | AZ | 85312 | None | Public Charity or Eq | To Spread the Gospel of Christ | $14,000 | ||||
| Valley Bible Church | |||||||||||
| 3347 West Avenue J | Lancaster | PA | 93536 | None | Public Charity or Eq | To Spread the Gospel of Christ | $25,000 | ||||
| Verse By Verse Ministries Inc | |||||||||||
| PO Box 5884 | Clearwater | FL | 33758 | None | Public Charity or Eq | To Spread the Gospel of Christ | $30,000 | ||||
| Word of Grace Bible Church | |||||||||||
| 1317 NW 12th Avenue | Battle Ground | WA | 98604 | None | Public Charity or Eq | To Spread the Gospel of Christ | $50,000 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 2245557 | TotGrantOrContriPaidDuringYear |
| Tot Grant Or Contri Approved Future | 0 | TotGrantOrContriApprovedFuture |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $10 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $408,244 | ExclusionAmount |
Other Investment Income Part VII OtherInvestmentIncomePartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Code | 900099 | BusinessCode |
| Unrelated Business Income | $3,182 | UnrelatedBusinessIncomeAmount |
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $24,768 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Code | 900099 | BusinessCode |
| Unrelated Business Income | -$300 | UnrelatedBusinessIncomeAmount |
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | -$542,676 | ExclusionAmount |
Other Revenue Described OtherRevenueDescribed
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Federal income tax refund | Description |
| Exclusion Code | 01 | ExclusionCode |
| Exclusion | $6,964 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | $2,882 | UnrelatedBusinessIncomeAmount |
| Exclusion | -$102,690 | ExclusionAmount |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | -99808 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | 0 | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | 0 | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | 0 | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | 0 | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | 0 | ReimbursementArrangements |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuarantees |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | 0 | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | 1 | ContributorNumber |
| Contributor Name Individual | Mrs Lorena Jaeb | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Post Office Box 428 | AddressLine1 |
| City | Mango | City |
| State | FL | State |
| ZIP Code | 33550 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 15000 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting & Tax Advisory Services | Category |
| Amount | $18,219 | Amount |
| Net Investment Income | 14211 | NetInvestmentIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Depreciation Schedule DepreciationSchedule
Depreciation Depreciation (20 entries)
| Description Of PropertyDescriptionOfProperty | Date AcquiredDateAcquired | Cost Or Other BasisCostOrOtherBasis | Prior Years DepreciationPriorYearsDepreciation | Computation MethodComputationMethod | LifeLife | Current Year ExpenseCurrentYearExpense | Net Investment IncomeNetInvestmentIncome |
|---|---|---|---|---|---|---|---|
| Video Camera | 1990-09-24 | 1060 | 1060 | SL | 12.000000000000 | 0 | 0 |
| Tape Duplicator | 1995-09-28 | 1434 | 1434 | 200DB | 5.000000000000 | 0 | 0 |
| Laptop Computer | 1999-02-15 | 1174 | 1174 | 200DB | 5.000000000000 | 0 | 0 |
| Office 2000 Software | 1999-05-20 | 513 | 513 | SL | 3.000000000000 | 0 | 0 |
| Automobile | 2000-03-31 | 22000 | 22000 | SL | 5.000000000000 | 0 | 0 |
| Computer | 2000-11-13 | 2012 | 2012 | 200DB | 5.000000000000 | 0 | 0 |
| Computer | 2001-07-02 | 2211 | 2211 | 200DB | 5.000000000000 | 0 | 0 |
| Filing Cabinets | 2001-08-21 | 547 | 547 | 200DB | 7.000000000000 | 0 | 0 |
| LCD Projector | 2001-09-22 | 4172 | 4172 | 200DB | 7.000000000000 | 0 | 0 |
| Xerox Fax Machine | 2002-07-12 | 1524 | 1524 | 200DB | 7.000000000000 | 0 | 0 |
| Bookshelves | 2002-12-12 | 674 | 674 | 200DB | 7.000000000000 | 0 | 0 |
| Laptop Computer | 2003-01-23 | 1284 | 1284 | 200DB | 5.000000000000 | 0 | 0 |
| Laptop Computer | 2003-04-15 | 1140 | 1140 | 200DB | 5.000000000000 | 0 | 0 |
| Xerox Copier | 2003-01-23 | 12476 | 12476 | 200DB | 7.000000000000 | 0 | 0 |
| Home | 2009-10-31 | 196110 | 14456 | SL | 39.000000000000 | 5028 | 0 |
| Leasehold Improvements | 2009-10-31 | 110012 | 25358 | 150DB | 15.000000000000 | 8465 | 0 |
| Leasehold Improvements | 2009-10-31 | 150935 | 34791 | 150DB | 15.000000000000 | 11614 | 0 |
| Leasehold Improvements | 2010-10-31 | 3000 | 570 | 150DB | 15.000000000000 | 243 | 0 |
| Printer | 2011-10-21 | 600 | 200DB | 7.000000000000 | 0 | 0 | |
| Laptop Computer | 2012-08-13 | 934 | 23 | 200DB | 5.000000000000 | 178 | 0 |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibility (3 entries)
| Address Line1ForeignAddress/AddressLine1 | CityForeignAddress/City | CountryForeignAddress/Country | Grant DateGrantDate | GrantGrantAmount | Grant PurposeGrantPurpose | Amount Expended By GranteeAmountExpendedByGrantee | Any Diversion By GranteeAnyDiversionByGrantee | Dates Of Reports By GranteeDatesOfReportsByGrantee | Province Or StateForeignAddress/ProvinceOrState |
|---|---|---|---|---|---|---|---|---|---|
| Ministerios Evangelicos De Las Americas | |||||||||
| Apartado Postal 199 Siguatepeque | Comayagua | HO | 2013-08-31 | $3,000 | To support the general operations of the grantee organization, for the purpose of training church leaders through conferences and materials. | 3000 | No diversion of funds from the purpose of the grant. | June 30, 2014 | |
| Eglise Evangelique Internationale de Geneve | |||||||||
| Route des Jeunes 12 CH-1227 | Carouge | SZ | 2013-08-31 | $7,000 | To support the training and equipping of individuals in Switzerland for leadership in Christian service. | 7000 | No diversion of funds from the purpose of the grant. | June 28, 2014 | Geneva |
| Christ Baptist Church | |||||||||
| PO Box 857 Fauna Park | Pietersburg | SF | 2013-08-31 | $250,000 | To support the training and equipping of individuals in South Africa for leadership in Christian service. | 250000 | No diversion of funds from the purpose of the grant. | January 20, 2014 | |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanation (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Form 990-PF, Part III, Line 5: | A prior period adjustment was made to the Foundation's books and records to correct a minor return of capital partnership distribution that was inadvertently recorded as income in the prior tax year. |
| Form 990-PF, Part VII-A, Line 12: | During the year ended August 31, 2013, the Foundation made a distribution in the amount of $100,000 to a donor advised fund over which the Foundation had advisory privileges and has treated this distribution as a qualifying distribution.The Foundation made this irrevocable distribution to a donor advised fund sponsored by NEMA Foundation, Inc. d/b/a Provision Bridge for the purpose of providing assistance to needy families or individuals that are unrelated to the Foundation or its disqualified persons in order to meet the human needs of people in distress. The Sponsoring Organization vets proposed recipients that have a demonstrated financial need and meet other specific criteria of the Sponsoring Organization. Distributions are only made to approved recipients as needed. The Foundation's Board of Directors serves as an Advisory Committee to advise the Sponsoring Organization of its wishes concerning distributions from the donor advised fund, but understands that the Sponsoring Organization will evaluate whether the advice is consistent with the specific needs of the proposed recipient and deserving of the support according to the criteria of the Sponsoring Organization. |
| Form 990-PF, Part VIII, Line 1, Column (c): | The compensation reported for the Executive Director includes non-cash compensation provided to the Executive Director of approximately $21,500. |
| During the tax year, the Foundation identified an administrative error in connection with the making of an HSA contribution on behalf of the Executive Director and in the inadvertent use of a corporate credit card for a personal expenditure of the Executive Director. The error resulted in the booking of a receivable from the Executive Director of approximately $5,500. Due to a clerical oversight, the settlement of the receivable was overlooked and was not completed as of the end of the Foundation's tax year. However, settlement of the receivable has been completed as of the date of the filing of this tax return. |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (3 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| Veritable | 12015734 | 12173838 |
| Merrill Lynch Funds | 676377 | 903675 |
| Virtual Bible, Inc. | 207000 | 207000 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther (10 entries)
| Category Or ItemCategoryOrItem | Listed At Cost Or FMVListedAtCostOrFMV | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| Bennu Investment | FMV | 40940 | 1499 |
| Veritable WCP Partners LP | FMV | 0 | 11689 |
| Veritable Silverpoint LP | FMV | 32704 | 30824 |
| RFID Stock | FMV | 750000 | 750000 |
| Pleiades Offshore | FMV | 654831 | 244445 |
| Vittoria Offshore | FMV | 2408693 | 1851913 |
| Bankers South High Yield | FMV | 995398 | 1000000 |
| Veritable LG BSD OP | FMV | 260000 | 358557 |
| PS DB Comm Index Tk Fd | FMV | 644599 | 644599 |
| Coin Investment | FMV | 3424 | 3424 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtc (20 entries)
| Category Or ItemCategoryOrItem | Cost Or Other BasisCostOrOtherBasis | Accumulated DepreciationAccumulatedDepreciation | Book ValueBookValue |
|---|---|---|---|
| Video Camera | 1060 | 1060 | 0 |
| Tape Duplicator | 1434 | 1434 | 0 |
| Laptop Computer | 1174 | 1174 | 0 |
| Office 2000 Software | 513 | 513 | 0 |
| Automobile | 22000 | 22000 | 0 |
| Computer | 2012 | 2012 | 0 |
| Computer | 2211 | 2211 | 0 |
| Filing Cabinets | 547 | 547 | 0 |
| LCD Projector | 4172 | 4172 | 0 |
| Xerox Fax Machine | 1524 | 1524 | 0 |
| Bookshelves | 674 | 674 | 0 |
| Laptop Computer | 1284 | 1284 | 0 |
| Laptop Computer | 1140 | 1140 | 0 |
| Xerox Copier | 12476 | 12476 | 0 |
| Home | 196110 | 19484 | 176626 |
| Leasehold Improvements | 110012 | 33823 | 76189 |
| Leasehold Improvements | 150935 | 46405 | 104530 |
| Leasehold Improvements | 3000 | 813 | 2187 |
| Printer | 600 | 600 | 0 |
| Laptop Computer | 934 | 668 | 266 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases OtherDecreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Prior period adjustment | Description |
| Amount | $1,831 | Amount |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (11 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| Office Expense | 9119 | 7113 | 2006 |
| Postage & Shipping | 677 | 528 | 149 |
| Telephone & Internet | 3881 | 3027 | 854 |
| Insurance | 2345 | 0 | 0 |
| Pastor Training Expenses | 8675 | 0 | 8675 |
| Exalting Christ in Honduras | 98 | 0 | 98 |
| MEDA | 7688 | 0 | 7688 |
| Honorarium | 1305 | 0 | 1305 |
| Miscellaneous | 289 | 0 | 0 |
| Missionary expenses | 318 | 0 | 318 |
| Paige's Project | 16764 | 0 | 16764 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome |
|---|---|---|---|
| Partnership income | 27950 | 24768 | 27950 |
| Federal income tax refund | 6964 | 6964 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | BOY Book ValueBOYBookValue | EOY Book ValueEOYBookValue |
|---|---|---|
| Federal W/H Tax Payable | 206 | 0 |
| Medicare Tax Payable | 34 | 0 |
| Social Security Tax Payable | 99 | 0 |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLong
Borrowers Name BorrowersName
Business Business
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Berean Bible Community Church Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship To Insider | None | RelationshipToInsider |
| Original Amount Of Loan | 452500 | OriginalAmountOfLoan |
| Balance Due | 0 | BalanceDue |
| Date Of Note | 1999-08 | DateOfNote |
| Maturity Date | 2029-09 | MaturityDate |
| Repayment Terms | Monthly Payments Adj. Interest | RepaymentTerms |
| Interest Rate | 0.000000000000 | InterestRate |
| Security Provided By Borrower | Mortgage | SecurityProvidedByBorrower |
| Purpose Of Loan | Religious purposes | PurposeOfLoan |
| Consideration Fmv | 0 | ConsiderationFmv |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees (3 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| Steadfast Financial Services | $5,000 | 5000 | 0 |
| Other Professional Fees | $1,131 | 882 | 0 |
| Investment Management | $59,896 | 59896 | 0 |
Taxes Schedule TaxesSchedule
Taxes Taxes (3 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| Excise Tax | $51 | 0 | 0 |
| Payroll Tax | $11,028 | 0 | 0 |
| Other Taxes | $91 | 0 | 0 |
Comments