Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 10-01-2023 , and ending 09-30-2024
Name of foundation
The Believers Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)2326 S Parsons Avenue
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Seffner, FL33584
A Employer identification number

59-2851282
B Telephone number (see instructions)

(813) 681-5796
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$37,791,770J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 80,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 473,312 473,312  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 330,668
b Gross sales price for all assets on line 6a 6,260,125
7 Capital gain net income (from Part IV, line 2)... 330,668
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)....... Click to see attachment
List of Attached Documents:
// Content
332,061 329,999  
12 Total. Add lines 1 through 11........ 1,216,041 1,133,979  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 271,222 0   271,222
14 Other employee salaries and wages...... 43,750 0   43,750
15 Pension plans, employee benefits....... 50,103 0   50,103
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
80,442 0   80,442
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
123,501 111,639   11,862
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
26,116 1,087   11,580
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
21,583 0  
20 Occupancy.............. 57,272 0   57,272
21 Travel, conferences, and meetings....... 52,126 0   52,126
22 Printing and publications.......... 4,304 0   4,304
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
24,410 0   24,410
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 754,829 112,726   607,071
25 Contributions, gifts, grants paid....... 19,925 19,925
26 Total expenses and disbursements. Add lines 24 and 25 774,754 112,726   626,996
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 441,287
b Net investment income (if negative, enter -0-) 1,021,253
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,410,701 1,283,451 1,283,451
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow177,237
Less: allowance for doubtful accounts right arrow0 188,237 Click to see attachment
List of Attached Documents:
// Content
177,237 		177,237
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 4,447,477 Click to see attachment
List of Attached Documents:
// Content
5,488,866 		5,488,866
b Investments—corporate stock (attach schedule)....... 11,071,168 Click to see attachment
List of Attached Documents:
// Content
15,113,566 		15,113,566
c Investments—corporate bonds (attach schedule)....... 2,259,098 Click to see attachment
List of Attached Documents:
// Content
1,293,030 		1,293,030
11 Investments—land, buildings, and equipment: basis right arrow4,171,341
Less: accumulated depreciation (attach schedule) right arrow   3,963,205 4,171,341 4,171,341
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 9,035,089 Click to see attachment
List of Attached Documents:
// Content
10,104,747 		10,104,747
14 Land, buildings, and equipment: basis right arrow480,322
Less: accumulated depreciation (attach schedule) right arrow348,325 153,580 Click to see attachment
List of Attached Documents:
// Content
131,997 		131,997
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
25,342 		Click to see attachment
List of Attached Documents:
// Content
27,535 		Click to see attachment
List of Attached Documents:
// Content
27,535
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 32,553,897 37,791,770 37,791,770
Liabilities 17 Accounts payable and accrued expenses.......... 14,449 21,369
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 14,449 21,369
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 32,539,448 37,770,401
29 Total net assets or fund balances (see instructions)..... 32,539,448 37,770,401
30 Total liabilities and net assets/fund balances (see instructions). 32,553,897 37,791,770
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
32,539,448
2
Enter amount from Part I, line 27a .....................
2
441,287
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,789,666
4
Add lines 1, 2, and 3 ..........................
4
37,770,401
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
37,770,401
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(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 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly Traded Securities      
b Vittoria Offshore Fund P 2019-01-01 2024-09-30
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6,040,125   5,758,985 281,140
b 220,000   170,472 49,528
c
d
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       281,140
b       49,528
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 330,668
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 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 14,195
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 14,195
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 14,195
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 22,273
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 22,273
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 18
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 8,060
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow8,060 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowFL, GA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowNone
14
The books are in care ofright arrowKenneth G Fuller Telephone no.right arrow (813) 681-5796

Located atright arrow2326 S Parsons AvenueSeffnerFL ZIP+4right arrow33584
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(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
Kenneth G Fuller Vice President/Exec. Dir.
40.00 		109,904 47,413 15,000
2326 S Parsons Avenue
Seffner,FL33584
Joel Jaeb Director
5.00 		3,600 19,265 0
2326 S Parsons Avenue
Seffner,FL33584
Stephen L Jaeb President
10.00 		50,000 41,040 0
2326 S Parsons Avenue
Seffner,FL33584
Sandra D Jaeb Secretary/Treasurer
1.00 		0 0 0
2326 S Parsons Avenue
Seffner,FL33584
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(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
James Smith Director of Word Cap
15.00 		43,750 36,642 0
2326 S Parsons Avenue
Seffner,FL33584
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
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
PNC Private Bank Hawthorn Investment Services 70,674
201 N Franklin St Suite 1500
Tampa,FL33602
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
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 conferences, trains pastors, and teaches in schools. The Foundation also supports the spreading of the Gospel through related missionary activities throughout the world. 51,939
2 Providing consulting, management advisory, and financial coaching services without charge to seminaries and institutes with whom the Foundation has historically supported through its grantmaking and training efforts with the objective of helping the seminaries become financially self-sufficient. 93,380
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
20,433,611
b
Average of monthly cash balances.......................
1b
1,231,043
c
Fair market value of all other assets (see instructions)................
1c
14,038,761
d
Total (add lines 1a, b, and c).........................
1d
35,703,415
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
35,703,415
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
535,551
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
35,167,864
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,758,393
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,758,393
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
14,195
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
201
c
Add lines 2a and 2b............................
2c
14,396
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,743,997
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,743,997
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,743,997
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
626,996
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
626,996
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,743,997
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 3,133,502
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 3,133,502
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 626,996
a Applied to 2022, 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 2023 distributable amount..... 626,996
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 1,117,001 1,117,001
(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 2,016,501
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		2,016,501
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
Stephen L Jaeb
Sandra D Jaeb
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
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
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
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)
aPaid during the year

Exalting Christ in Honduras

2326 S Parsons Avenue
Seffner,FL33584 		  PC Seminary dormitory remodel 14,925

Sonlight Power Inc

5140 River Valley Road
Milford,OH45150 		  PC Solar design project 5,000
Total .................................right arrow 3a 19,925
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
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
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 ....     14 473,312  
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 ..... 901101 2,062 14 329,999  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 330,668  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 2,062 1,133,979 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,136,041
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
The Believers Foundation Inc
 
Employer identification number

59-2851282
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
The Believers Foundation Inc
  		Employer identification number
59-2851282
Part I
Contributors
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
Masters Academy International Inc
 
PO Box 846864
 
Los Angeles, CA900846864

$ 80,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
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
 
$    
(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) (2023)
Schedule B (Form 990) (2023)
Page 4
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 $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
The Believers Foundation Inc
EIN:
59-2851282
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting & Tax Advisory Services 80,442 0   80,442

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule
Name:
The Believers Foundation Inc
EIN:
59-2851282
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
Home 2009-10-31 196,110 69,767 SL 39.000000000000 5,028 0    
Leasehold Improvements 2009-10-31 110,012 100,416 150DB 15.000000000000 6,397 0    
Leasehold Improvements 2009-10-31 150,935 137,769 150DB 15.000000000000 8,777 0    
Leasehold Improvements 2010-10-31 3,000 2,580 150DB 15.000000000000 168 0    
Grass ProLawnmower 2014-09-05 3,990 3,990 SL 5.000000000000 0 0    
Misc 2009-10-31 7,500 7,500 200DB 5.000000000000 0 0    
Water Purifier 2018-10-31 2,949 2,901 SL 5.000000000000 48 0    
Computer 2021-07-20 2,569 1,114 SL 5.000000000000 514 0    
Computer - Cyber Support 2022-08-31 3,257 705 SL 5.000000000000 651 0    

TY 2023 GeneralExplanationAttachment
Name:
The Believers Foundation Inc
EIN:
59-2851282
Identifier Return Reference Explanation
  Form 990-PF, Part VII, 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.

TY 2023 InvestmentsCorpBondsSchedule
Name:
The Believers Foundation Inc
EIN:
59-2851282
Name of Bond End of Year Book Value End of Year Fair Market Value
JOHNSON & JOHNSON 172,036 172,036
PROCTER & GAMBLE CO/THE 209,803 209,803
WALMART INC 160,918 160,918
THE ISHARES BROAD USD HIGH (USHY) YIELD CORPORATE BOND ETF 433,803 433,803
AMERICAN EXPR NATL BK INSTL CTF OF DEPOSIT 158,094 158,094
MORGAN STANLEY PVT BANK INSTL CTF OF DEPOSIT 158,376 158,376

TY 2023 InvestmentsCorpStockSchedule
Name:
The Believers Foundation Inc
EIN:
59-2851282
Name of Stock End of Year Book Value End of Year Fair Market Value
AERCAP HOLDINGS N.V. SHS 14,776 14,776
AIA GROUP LTD 4,645 4,645
AIR LIQUIDE 5,643 5,643
AIRBUS SE 3,397 3,397
ALIBABA GROUP HOLDING LT 8,490 8,490
ALLIANZ SE - UNSP 6,991 6,991
ALLISON TRANSMISSION HLD 14,411 14,411
ALLSTATE CORP DEL COM 28,068 28,068
ALPHABET INC SHS CL C 26,082 26,082
ALPHABET INC SHS CL A 29,521 29,521
AMAZON COM INC COM 55,713 55,713
AMENTUM HOLDINGS INC 5,708 5,708
AMPHENOL CORP CL A NEW 12,120 12,120
APTARGROUP INC 10,412 10,412
ARMSTRONG WORLD INDS INC 15,509 15,509
ASML HLDG NV NY REG SHS 10,832 10,832
ASTRAZENECA PLC SPND ADR 9,271 9,271
ATLAS COPCO A ADR NEW 4,801 4,801
AUTODESK INC DEL PV$0.01 26,722 26,722
BALL CORP COM 7,538 7,538
BANCO SANTANDER SA 5,416 5,416
BAXTER INTERNTL INC 25,022 25,022
BELLRING BRANDS INC 4,736 4,736
BHP GROUP LTD 7,640 7,640
BLOCK INC 8,123 8,123
BOEING COMPANY 36,642 36,642
BP PLC SPON ADR 4,991 4,991
BRIDGESTONE CORP ADR 4,565 4,565
BROWN FORMAN CORP CL B 4,280 4,280
BRUKER CORP 7,528 7,528
CAPGEMINI SE SHS ADR 4,019 4,019
CARLSBERG AS SPONSOREDAD 4,639 4,639
CBRE GROUP INC 12,946 12,946
CHEVRON CORP 24,300 24,300
CHURCHILL DOWNS INC 13,656 13,656
CIE FINANCIERE RICHEMONT 4,617 4,617
CIE GENERALE DES 6,029 6,029
CIGNA CORP REG SHS 24,597 24,597
CINN FINCL CRP OHIO 8,848 8,848
CISCO SYSTEMS INC COM 28,100 28,100
COGNIZANT TECH SOLUTNS A 27,708 27,708
CONAGRA BRANDS INC 26,699 26,699
COPART INC COM 11,318 11,318
CROWN CASTLE INC 12,100 12,100
CVS HEALTH CORP 21,568 21,568
DAIKIN INDUSTRIES LTD 4,921 4,921
DASSAULT SYS SA SPN ADR 4,839 4,839
DBS GROUP HLDGS SPN ADR 10,145 10,145
DEERE CO 5,008 5,008
DEUTSCHE BOERSE AG SHS 4,663 4,663
DEUTSCHE TELE AG SPN ADR 6,563 6,563
DIAGEO PLC SPSD ADR NEW 3,368 3,368
DISNEY (WALT) CO COM STK 48,287 48,287
DOLLAR TREE INC 22,713 22,713
DOVER CORP 27,994 27,994
DUKE ENERGY CORP NEW 30,785 30,785
DUPONT DE NEMOURS INC 30,387 30,387
ELECTRONIC ARTS INC DEL 24,815 24,815
ENTEGRIS INC MINNESOTA 15,754 15,754
EQUITY RESIDENTIAL 30,901 30,901
EXPEDITORS INTL WASH INC 12,614 12,614
EXXON MOBIL CORP COM 24,733 24,733
FACTSET RESH SYS INC 11,496 11,496
FIDELITY NATL INFO SVCS 44,136 44,136
GENUINE PARTS CO 23,885 23,885
HASBRO INC COM 8,751 8,751
HEINEKEN N V ADR 4,586 4,586
HERSHEY COMPANY 23,014 23,014
HITACHI LTD 10 NEW ADR 9,805 9,805
HOLOGIC INC 26,882 26,882
HONEYWELL INTL INC DEL 26,666 26,666
HOYA CORP ADR 6,920 6,920
ILLUMINA INC COM 9,259 9,259
INDUSTRIA DE DISENO 7,450 7,450
INTERCONTINENTAL HOTELS 6,077 6,077
INTUITIVE SURGICAL INC 13,756 13,756
ITOCHU CORP ADR 8,827 8,827
JACOBS SOLUTIONS INC REG 23,169 23,169
JOHNSON AND JOHNSON COM 27,226 27,226
KBC GROUPE SA SHS 5,958 5,958
KEYSIGHT TECHNOLOGIES 10,489 10,489
L OREAL CO ADR 3,860 3,860
LAMB WESTON HOLDINGS INC 7,898 7,898
LEGRAND SA-UNSP 7,597 7,597
LENNOX INTL INC 13,294 13,294
LLOYDS BANKING GROUP PLC 7,320 7,320
LONDON STK EXCHANGE 5,143 5,143
LOWE'S COMPANIES INC 28,981 28,981
LVMH MOET HENNESSY ADR 7,527 7,527
M&T BANK CORPORATION 12,647 12,647
MERCK AND CO INC SHS 22,712 22,712
META PLATFORMS INC 74,417 74,417
MICROSOFT CORP 44,321 44,321
MOELIS AND COMPANY SHS A 12,332 12,332
MONSTER BEVERAGE SHS 22,746 22,746
MOTOROLA SOLUTIONS INC 32,373 32,373
MUENCHENER RUECK-UNSPON 7,439 7,439
NESTLE S A REP RG SH ADR 10,268 10,268
NETFLIX COM INC 47,521 47,521
NEWMARKET CORP 8,830 8,830
NIKE INC CL B 37,570 37,570
NIPPON TELG&TEL SPDN ADR 2,660 2,660
NORDEA BANK ABP SHS ADR 4,392 4,392
NORTHROP GRUMMAN CORP 29,572 29,572
NOVARTIS ADR 11,847 11,847
NOVO NORDISK A S ADR 26,553 26,553
NVIDIA 86,222 86,222
OLD DOMINION FGHT LINES 8,144 8,144
ORACLE CORP $0.01 DEL 81,451 81,451
OTIS WORLDWIDE CORP REG 13,824 13,824
PAYPAL HOLDINGS INC SHS 8,739 8,739
PERNOD RICARD SA - SPON 3,550 3,550
POOL CORPORATION 12,058 12,058
POST HOLDINGS INC SHS 12,733 12,733
QUALCOMM INC 15,815 15,815
RECRUIT HOLDINGS CO.LTD. 4,136 4,136
REGENERON PHARMACTCLS 19,974 19,974
RELX PLC 7,878 7,878
RIO TINTO PLC SPNSRD ADR 4,911 4,911
ROCHE HLDG LTD SPN ADR 9,029 9,029
ROYAL KPN N V SP ADR 5,452 5,452
SAFRAN SA-UNSPON ADR 7,772 7,772
SALESFORCE INC 26,276 26,276
SANDVIK AB ADR 3,760 3,760
SANOFI ADR 3,976 3,976
SAP SE SHS 5,728 5,728
SEI INVT CO PA PV $0.01 10,171 10,171
SHELL PLC 7,782 7,782
SHIMANO INC ADR 4,488 4,488
SHIN-ETSU CHEM-UNSPON 7,808 7,808
SHOPIFY INC CL A 18,913 18,913
SKYWORKS SOLUTIONS INC 10,568 10,568
SONY GROUP CORP 9,367 9,367
SSE PLC SPONSORED ADR 3,732 3,732
STARBUCKS CORP 15,793 15,793
STERIS PLC REG SHS 12,855 12,855
SUMITOMO MITSUI-UNSPONS 5,532 5,532
TAIWAN S MANUFCTRING ADR 8,684 8,684
TECHTRONIC INDS SPD ADR 2,485 2,485
TELEDYNE TECH INC 26,697 26,697
TEMPUR SEALY INTL INC 11,466 11,466
TERUMO CORP SHS 5,803 5,803
TESLA INC 69,070 69,070
THERMO FISHER SCIENTIFIC 13,609 13,609
TOKIO MARINE HOLDINGS 6,194 6,194
TOKYO ELECTRON LTD SHS 3,020 3,020
TOTALENERGIES SE 7,690 7,690
TRAVELERS COS INC 25,987 25,987
TRUIST FINL CORP 28,827 28,827
UNICREDITO SPA ADR 8,004 8,004
UNIFIRST CORP 8,939 8,939
US BANCORP 27,164 27,164
VERTEX PHARMCTLS INC 23,719 23,719
VINCI SA ADR 5,503 5,503
VISA INC CL A SHRS 43,992 43,992
VOLVO AB-A SHS-UNSPON 7,258 7,258
VULCAN MATERIALS CO 11,520 11,520
WATERS CORP 10,077 10,077
WORKDAY INC CL A 8,310 8,310
YUM BRANDS INC 9,361 9,361
YUM CHINA HOLDINGS INC 3,647 3,647
3I GROUP PLC SHS 9,950 9,950
DIMENSIONAL US SMALL CAP VAL (DFSV) 288 407,669 407,669
ISHARES CORE S&P 500 (IVV) ETF 8,529,436 8,529,436
ISHARES MSCI EAFE VALUE (EFV) ETF 270,736 270,736
BNY MELLON INTERNATIONAL STOCK (DISRX) FUND - CLASS I FD #6157 257,192 257,192
BARON DISCOVERY FUND-INST (BDFIX) 399,634 399,634
BROOKFIELD GLOBAL LISTED (BGLYX) INFRASTRUCTURE FUND CLASS I FD #2069 495,768 495,768
COHEN & STEERS INSTL RLTY SH (CSRIX) FUND # 1263 501,983 501,983
SEAFARER OVERSEAS GROWTH & (SIGIX) INCOME INSTL CLASS FD # 11602 129,501 129,501
GRANDEUR PEAK US STALWARTS FUND (GUSYX) 382,837 382,837
GRANDEUR PEAK GL STALWA-INST (GGSYX) 253,685 253,685
JANUS HNDRSN OVERSEAS-I (JIGFX) 269,347 269,347
TOUCHSTONE SANDS EM GR-INST (TSEGX) FUND# 565 140,916 140,916
WASATCH SMALL CAP VALUE-INS (WICVX) 436,929 436,929
Hawthorn Accrued Income 65,121 65,121

TY 2023 InvestmentsGovtObligationsSch
Name:
The Believers Foundation Inc
EIN:
59-2851282
US Government Securities - End of Year Book Value:

2,103,309
US Government Securities - End of Year Fair Market Value:

2,103,309
State & Local Government Securities - End of Year Book Value:


3,385,557
State & Local Government Securities - End of Year Fair Market Value:


3,385,557


TY 2023 InvestmentsOtherSchedule2
Name:
The Believers Foundation Inc
EIN:
59-2851282
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
GATEWAY FUND (GTEYX) FUND CLASS Y FD #1986 FMV 227,999 227,999
MERGER FUND CLASS I FD # 301 (MERIX) FMV 214,100 214,100
Coin Investment FMV 190,076 190,076
One-Ounce U.S. Gold Eagle Coins FMV 1,184,400 1,184,400
Vittoria Offshore Fund FMV 5,368,837 5,368,837
AgAmerica Lending Fund FMV 2,919,335 2,919,335

TY 2023 LandEtcSchedule2
Name:
The Believers Foundation Inc
EIN:
59-2851282
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Home 196,110 74,795 121,315  
Leasehold Improvements 110,012 106,813 3,199  
Leasehold Improvements 150,935 146,546 4,389  
Leasehold Improvements 3,000 2,748 252  
Grass ProLawnmower 3,990 3,990 0  
Misc 7,500 7,500 0  
Water Purifier 2,949 2,949 0  
Computer 2,569 1,628 941  
Computer - Cyber Support 3,257 1,356 1,901  


TY 2023 OtherAssetsSchedule
Name:
The Believers Foundation Inc
EIN:
59-2851282
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Deposits 1,354 1,354 1,354
AgAmerica - Distribution Receivable 23,988 26,181 26,181


TY 2023 OtherExpensesSchedule
Name:
The Believers Foundation Inc
EIN:
59-2851282
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Fees - Registration and Other 1,999 0   1,999
Insurance 1,025 0   1,025
Office Expenses 1,533 0   1,533
Postage & Shipping 2,279 0   2,279
Repairs & Maintenance 8,300 0   8,300
Information Technology 6,039 0   6,039
Telephone and Internet 3,235 0   3,235


TY 2023 OtherIncomeSchedule2
Name:
The Believers Foundation Inc
EIN:
59-2851282
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Other Income 854 854 854
Partnership Income - AG America 236,936 236,936 236,936
Partnership Income - Veritable, L.P. 92,209 92,209 92,209
Partnership Income - Veritable, L.P. UBTI 2,062 0 2,062


TY 2023 OtherIncreasesSchedule
Name:
The Believers Foundation Inc
EIN:
59-2851282
Description Amount
Unrealized gains 4,789,666


TY 2023 OtherNotesLoansRcvblShortSch2
Name:
The Believers Foundation Inc
EIN:
59-2851282
Name of 501(c)(3) Organization Balance Due
Berean Bible Community Church Inc
  		177,237


TY 2023 OtherProfessionalFeesSchedule
Name:
The Believers Foundation Inc
EIN:
59-2851282
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management 123,501 111,639   11,862


TY 2023 TaxesSchedule
Name:
The Believers Foundation Inc
EIN:
59-2851282
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Excise Taxes 13,450 0   0
Property Taxes 12,666 1,087   11,580