TY 2015 Form 990PF

Part I	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books	(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)
	1	Contributions, gifts, grants, etc., received (attach schedule)	241,062
2	Check Sch. B .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	139,078	139,078
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-180,443
b	Gross sales price for all assets on line 6a 186,518
7	Capital gain net income (from Part IV, line 2)...		0
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		73,941	73,664
12	Total. Add lines 1 through 11........	273,638	212,742
	13	Compensation of officers, directors, trustees, etc.	94,903	0		0
14	Other employee salaries and wages......	26,184	0		0
15	Pension plans, employee benefits.......	83,972	0		0
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		66,726	0		0
c	Other professional fees (attach schedule)....		41,712	41,712		0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		8,868	0		0
19	Depreciation (attach schedule) and depletion...		24,048	0
20	Occupancy..............	42,235	0		0
21	Travel, conferences, and meetings.......	26,117	0		26,117
22	Printing and publications..........	9,530	0		9,530
23	Other expenses (attach schedule).......		29,991	7,004		13,097
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	454,286	48,716		48,744
25	Contributions, gifts, grants paid.......	3,009,361			3,009,361
26	Total expenses and disbursements. Add lines 24 and 25	3,463,647	48,716		3,058,105
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-3,190,009
b	Net investment income (if negative, enter -0-)		164,026
c	Adjusted net income (if negative, enter -0-)...

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	4,172,051	1,337,533	1,337,533
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule) 273,387
		Less: allowance for doubtful accounts 0	285,387	273,387	273,387
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	7,658,953	7,673,124	7,712,454
	14	Land, buildings, and equipment: basis 471,547
		Less: accumulated depreciation (attach schedule) 170,157	316,601	301,390	450,000
	15	Other assets (describe )	1,354	4,762	4,762
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	12,434,346	9,590,196	9,778,136
	17	Accounts payable and accrued expenses..........	1,393
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	1,393	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	0	0
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	12,432,953	9,590,196
	30	Total net assets or fund balances (see instructions).....	12,432,953	9,590,196
	31	Total liabilities and net assets/fund balances (see instructions).	12,434,346	9,590,196

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

12,432,953

Enter amount from Part I, line 27a .....................

-3,190,009

Other increases not included in line 2 (itemize) bullet

347,252

Add lines 1, 2, and 3 ..........................

9,590,196

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

9,590,196

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation
1 a	Investments in Partnerships	D
b	Publicly traded securities
c	Publicly traded securities
d	Furniture & Equipment	P
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	134,174	69,107	65,067
b		298,664	-298,664
c	51,007		51,007
d	1,337		1,337
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			65,067
b			-298,664
c			51,007
d			1,337
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-181,253
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	5,207	12,400,917	0.000420
2013	3,148,284	13,501,131	0.233187
2012	4,268,089	16,151,026	0.264261
2011	2,315,924	20,105,326	0.115190
2010	4,186,207	23,122,173	0.181047

Total of line 1, column (d) .....................

20.794105

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .

0.158821

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

11,197,474

Multiply line 4 by line 3......................

1,778,394

Enter 1% of net investment income (1% of Part I, line 27b)...........

1,640

Add lines 5 and 6........................

1,780,034

Enter qualifying distributions from Part XII, line 4.............

3,058,105

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,640
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	1,640
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,640
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	10,603
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	10,603
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	8,963
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax8,963	Refunded	11	0

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Stephen L Jaeb	President 10.00	0	29,998	0
2326 S Parsons Avenue Seffner,FL33584
Kenneth G Fuller	Vice President/Executive D 40.00	94,903	40,160	15,000
2326 S Parsons Avenue Seffner,FL33584
Sandra D Jaeb	Secretary/Treasurer 1.00	0	0	0
2326 S Parsons Avenue Seffner,FL33584

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	The Foundation supports the spreading of the Gospel through direct missionary activities in various locations throughout the world.	15,095
2	The Foundation supports conferences, trains pastors and teaches in schools.	19,050
3	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.	6,344
4	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.	4,392

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	N/A	0
2


All other program-related investments. See instructions.
3

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7					558,234
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2015:
a From 2010......	3,043,759
b From 2011......	1,317,800
c From 2012......	3,469,468
d From 2013......	2,484,473
e From 2014......
fTotal of lines 3a through e........		10,315,500
4Qualifying distributions for 2015 from Part
XII, line 4: $ 3,058,105
a Applied to 2014, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2015 distributable amount.....					558,234
e Remaining amount distributed out of corpus		2,499,871
5 Excess distributions carryover applied to 2015.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		12,815,371
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...		3,043,759
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......		9,771,612
10 Analysis of line 9:
a Excess from 2011....	1,317,800
b Excess from 2012....	3,469,468
c Excess from 2013....	2,484,473
d Excess from 2014....
e Excess from 2015....	2,499,871

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Stephen L Jaeb

Sandra D Jaeb

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

Ken Fuller Executive Director
2326 S Parsons Avenue
Seffner,FL33584
(813) 681-5796

bThe form in which applications should be submitted and information and materials they should include:

None Specified

cAny submission deadlines:

None

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Religious Organizations

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Exalting Christ in Honduras PO Box 427 Mango,FL33550		Public Charity or Eq	To spread the Gospel of Christ	2,361
Fellowhip Bible Church of Tampa 11505 E Broadway Ave Mango,FL33550		Public Charity or Eq	To spread the Gospel of Christ	1,000
National Christian Foundation 11625 Rainwater Drive Suite 500 Alpharetta,GA30009		Public Charity or Eq	To spread the Gospel of Christ	3,000,000
Pregnancy Care Center of Plant City 304 N Collins St Plant City,FL33563		Public Charity or Eq	To spread the Gospel of Christ	1,000
Shiloh Baptist Association 301 South Collins St Suite 104 Plant City,FL33563		Public Charity or Eq	To spread the Gospel of Christ	5,000
Total ................................. 3a				3,009,361

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	139,078
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............	900099	809	18	-181,252
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aMisc Other Income					419
bMisc Other Income			01	466
cPartnership Income	900099	-142	14	73,198
d
e
12 Subtotal. Add columns (b), (d), and (e)..		667		31,490	419

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
11a	Sales related to the Paige Project - See Statement 13

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

bApproved for future payment

Total ................................. 3b				0

Name of organization The Believers Foundation Inc

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	Lorena Jaeb Lorena Jaeb Revoc Trust PO Box 428 Mango, FL33550	$ 241,062	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Name of organization The Believers Foundation Inc		Employer identification number 59-2851282

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
1	1165 shares S&P 500 SPDR ETF	$ 241,062	2016-03-31
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)


Name of organization The Believers Foundation Inc			Employer identification number 59-2851282
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
Home	2009-10-31	196,110	29,542	SL	39.000000000000	5,029
Leasehold Improvements	2009-10-31	110,012	48,299	150DB	15.000000000000	7,334
Leasehold Improvements	2009-10-31	150,935	66,266	150DB	15.000000000000	10,062
Leasehold Improvements	2010-10-31	3,000	1,204	150DB	15.000000000000	200
Grass ProLawnmower	2014-09-05	3,990	798	SL	5.000000000000	798
Misc	2009-10-31	7,500		200DB	5.000000000000	625

Identifier	Return Reference	Explanation
	Form 990-PF, Part VII-A, Line 12:	During the year ended September 30, 2016, the Foundation made distributions totaling $3,000,000 to a donor advised fund over which the Foundation has advisory privileges and has treated these distributions as qualifying distributions.The Foundation made these irrevocable distributions to a donor advised fund sponsored by the National Christian Charitable Foundation, Inc. (the "Sponsoring Organization") for the purpose of providing grants to organizations that have been recognized by the IRS as public charities under Section 501(c)(3) of the Internal Revenue Code and who are effectively proclaiming the Gospel of Christ. The Sponsoring Organization vets proposed grantees that meet this criterion, as well as other specific criteria of the Sponsoring Organization. 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.All funds held in the donor advised funds are normally distributed to select grantees within one year of the Foundation's distribution to the donor advised fund.
	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.

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Veritable - Hawthorne	FMV	4,073,409	4,073,409
Merrill Lynch Funds	FMV	1,218,657	1,218,657
Virtual Bible, Inc.	FMV	207,000	207,000
Bennu Investment	FMV	0	0
Veritable Silverpoint LP	FMV	17,347	13,340
RFID Stock	FMV	750,000	750,000
Bankers South High Yield	FMV	1,151,298	1,194,635
PS DB Comm Index Tk Fd	FMV	0	0
Coin Investment	FMV	3,424	3,424
Hawthorn Equities	FMV	251,989	251,989

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
Home	196,110	34,571	161,539
Leasehold Improvements	110,012	55,633	54,379
Leasehold Improvements	150,935	76,328	74,607
Leasehold Improvements	3,000	1,404	1,596
Grass ProLawnmower	3,990	1,596	2,394
Misc	7,500	625	6,875

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Office expenses	5,138	4,623	448
Postage & Shipping	1,655	1,506	66
Telephone & Internet	3,609	794	2,815
Insurance	1,077	0	0
Miscellaneous	12,032	0	6,695
Information Technology	366	81	285
Repairs and Maintenance	3,326	0	0
Dues & Subscriptions	988	0	988
Honorariums	1,800	0	1,800

Software ID:
Software Version:

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Misc Other Income	419		419
Misc Other Income	466	466	466
Partnership Income	73,056	73,198	73,056