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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 10-01-2024 , and ending 09-30-2025
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$40,282,042
J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 552,475 552,475  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,480,665
b Gross sales price for all assets on line 6a 6,299,197
7 Capital gain net income (from Part IV, line 2)... 1,480,665
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)....... 218,010 218,010  
12 Total. Add lines 1 through 11........ 2,251,150 2,251,150  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 276,660 0   276,660
14 Other employee salaries and wages...... 30,000 0   30,000
15 Pension plans, employee benefits....... 58,261 0   58,261
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 92,734 0   92,734
c Other professional fees (attach schedule).... 126,138 114,470   11,668
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 43,443 1,114   12,038
19 Depreciation (attach schedule) and depletion... 13,949 0  
20 Occupancy.............. 59,043 0   59,043
21 Travel, conferences, and meetings....... 21,607 0   21,607
22 Printing and publications.......... 11,290 0   11,290
23 Other expenses (attach schedule)....... 48,805 0   48,805
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 781,930 115,584   622,106
25 Contributions, gifts, grants paid....... 212,340 212,340
26 Total expenses and disbursements. Add lines 24 and 25 994,270 115,584   834,446
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,256,880
b Net investment income (if negative, enter -0-) 2,135,566
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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......... 1,283,451 1,390,637 1,390,637
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 arrow515,237
Less: allowance for doubtful accounts right arrow0 177,237 Click to see attachment
List of Attached Documents:
// Content
515,237
515,237
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 5,488,866 Click to see attachment
List of Attached Documents:
// Content
7,872,236
7,872,236
b Investments—corporate stock (attach schedule)....... 15,113,566 Click to see attachment
List of Attached Documents:
// Content
13,158,692
13,158,692
c Investments—corporate bonds (attach schedule)....... 1,293,030 Click to see attachment
List of Attached Documents:
// Content
1,886,797
1,886,797
11 Investments—land, buildings, and equipment: basis right arrow4,504,567
Less: accumulated depreciation (attach schedule) right arrow   4,171,341 4,504,567 4,504,567
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,104,747 Click to see attachment
List of Attached Documents:
// Content
10,834,474
10,834,474
14 Land, buildings, and equipment: basis right arrow480,322
Less: accumulated depreciation (attach schedule) right arrow362,274 131,997 Click to see attachment
List of Attached Documents:
// Content
118,048
118,048
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
27,535
Click to see attachment
List of Attached Documents:
// Content
1,354
Click to see attachment
List of Attached Documents:
// Content
1,354
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 37,791,770 40,282,042 40,282,042
Liabilities 17 Accounts payable and accrued expenses.......... 21,369 25,695
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)......... 21,369 25,695
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 37,770,401 40,256,347
29 Total net assets or fund balances (see instructions)..... 37,770,401 40,256,347
30 Total liabilities and net assets/fund balances (see instructions). 37,791,770 40,282,042
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
37,770,401
2
Enter amount from Part I, line 27a .....................
2
1,256,880
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,229,066
4
Add lines 1, 2, and 3 ..........................
4
40,256,347
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
40,256,347
Form 990-PF (2024)
Form 990-PF (2024)
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 2025-09-30
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 6,099,197   4,680,720 1,418,477
b 200,000   137,812 62,188
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       1,418,477
b       62,188
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 1,480,665
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 29,684
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 29,684
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 29,684
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 33,160
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 33,160
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 0
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 3,476
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow3,476 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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 2024 or the taxable year beginning in 2024? 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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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 49,864 15,000
2326 S Parsons Avenue
Seffner,FL33584
Joel Jaeb Director
5.00
3,600 20,840 0
2326 S Parsons Avenue
Seffner,FL33584
Stephen L Jaeb President
10.00
50,000 42,452 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
30,000 42,598 0
2326 S Parsons Avenue
Seffner,FL33584
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
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
Pathstone Investment Services 58,278
10 Sterling Boulevard Suite 402
Englewood,NJ07631
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. 36,620
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. 67,245
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 (2024)
Form 990-PF (2024)
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
21,962,402
b
Average of monthly cash balances.......................
1b
1,685,567
c
Fair market value of all other assets (see instructions)................
1c
15,470,239
d
Total (add lines 1a, b, and c).........................
1d
39,118,208
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
39,118,208
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
586,773
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
38,531,435
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,926,572
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
1,926,572
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
29,684
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
29,684
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,896,888
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,896,888
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
1,896,888
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
834,446
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
834,446
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus
(b)
Years prior to 2023
(c)
2023
(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,896,888
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 834,446
a Applied to 2023, 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 2024 distributable amount..... 834,446
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 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 0
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 ..........
1,062,442
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 2019 not
applied on line 5 or line 7 (see instructions) ...
0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ......
0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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 Inc

2326 S Parsons Avenue
Seffner,FL33584
  PC General support. 200,000

Grace Bible Church of Tampa Inc

10309 Raulerson Ranch Rd
Tampa,FL33637
  PC Support for building project. 12,340
Total .................................right arrow 3a 212,340
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 ....     14 552,475  
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 .....     14 218,010  
8 Gain or (loss) from sales of assets other than
inventory ............
    18 1,480,665  
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) .. 0 2,251,150 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,251,150
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
Firm's EIN Right Arrow
Firm's address Right Arrow


Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 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 92,734 0   92,734

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

TY 2024 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 74,795 SL 39.000000000000 5,028 0    
Leasehold Improvements 2009-10-31 110,012 106,813 150DB 15.000000000000 3,199 0    
Leasehold Improvements 2009-10-31 150,935 146,546 150DB 15.000000000000 4,389 0    
Leasehold Improvements 2010-10-31 3,000 2,748 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 2,949 SL 5.000000000000 0 0    
Computer 2021-07-20 2,569 1,628 SL 5.000000000000 514 0    
Computer - Cyber Support 2022-08-31 3,257 1,356 SL 5.000000000000 651 0    

TY 2024 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 2024 InvestmentsCorpBondsSchedule
Name:
The Believers Foundation Inc
EIN:
59-2851282
Name of Bond End of Year Book Value End of Year Fair Market Value
APPLE INC 255,133 255,133
BERKSHIRE HATHAWAY FIN 397,477 397,477
JOHNSON & JOHNSON 173,115 173,115
PROCTER & GAMBLE CO/THE UNSC 211,539 211,539
WALMART INC 163,959 163,959
THE ISHARES BROAD USD HIGH (USHY) YIELD CORPORATE BOND ETF 373,833 373,833
AMERICAN EXPR NATL BK INSTL CTF OF DEPOSIT 155,762 155,762
MORGAN STANLEY PVT BANK INSTL CTF OF DEPOSIT 155,979 155,979

TY 2024 InvestmentsCorpStockSchedule
Name:
The Believers Foundation Inc
EIN:
59-2851282
Name of Stock End of Year Book Value End of Year Fair Market Value
ACCENTURE PLC SHS 5,918 5,918
AERCAP HOLDINGS N.V. SHS 12,826 12,826
AIA GROUP LTD 4,304 4,304
AIRBNB INC 14,570 14,570
AKZO NOBEL N V 4,840 4,840
ALCON SA ACT NOM 5,514 5,514
ALIBABA GROUP HOLDING LT 2,502 2,502
ALLISON TRANSMISSION HLD 8,743 8,743
ALLY FINL INC 27,205 27,205
ALPHABET INC SHS CL C 23,381 23,381
ALPHABET INC SHS CL A 49,592 49,592
AMAZON COM INC COM 49,842 49,842
AMERICAN INTERNATIONAL 13,902 13,902
AMPHENOL CORP CL A NEW 3,218 3,218
APA CORP REG SHS 9,445 9,445
APTARGROUP INC 6,148 6,148
ARMSTRONG WORLD INDS INC 13,329 13,329
ASHTEAD GROUP PLC SHS 7,518 7,518
ASSA ABLOY AB ADR 6,828 6,828
AUTODESK INC DEL PV$0.01 19,060 19,060
AVANTOR INC 7,388 7,388
BALL CORP COM 6,303 6,303
BANK NEW YORK MELLON 6,320 6,320
BAXTER INTERNTL INC 3,666 3,666
BLOCK INC 5,420 5,420
BOEING COMPANY 33,669 33,669
BROOKFIELD CORP 12,619 12,619
BROWN FORMAN CORP CL B 1,516 1,516
BRUKER CORP 3,704 3,704
CAMECO CORP COM 10,734 10,734
CAPITAL ONE FINL 15,306 15,306
CARLYLE (THE) GROUP INC 11,286 11,286
CBRE GROUP INC 17,332 17,332
CELANESE CORP DEL SER A 2,861 2,861
CHARTER COMMUNICATIONS 9,078 9,078
CHURCHILL DOWNS INC 10,477 10,477
CIE GENERALE DES 7,150 7,150
CINN FINCL CRP OHIO 7,115 7,115
CITIGROUP INC COM NEW 27,710 27,710
COCA-COLA EUROPACIFIC 8,227 8,227
COMCAST CORP NEW CL A 9,960 9,960
CONOCOPHILLIPS 17,405 17,405
CONSTELLATION BRANDS INC 5,521 5,521
COPART INC COM 6,656 6,656
COREBRIDGE FINL INC 6,186 6,186
CORTEVA INC REG SHS 7,304 7,304
CREDICORP LTD COM PV $5 9,852 9,852
CROWN CASTLE INC 6,754 6,754
DAIKIN INDUSTRIES LTD 4,110 4,110
DBS GROUP HLDGS SPN ADR 9,970 9,970
DEERE CO 12,803 12,803
DELTA AIR LINES INC 13,393 13,393
DIAGEO PLC SPSD ADR NEW 4,867 4,867
DISNEY (WALT) CO COM STK 17,404 17,404
DOLLAR TREE INC 11,702 11,702
DSM-FIRMENICH AG-SP 4,931 4,931
ELEVANCE HEALTH INC 9,694 9,694
ENTEGRIS INC MINNESOTA 9,986 9,986
EOG RESOURCES INC 7,736 7,736
EQUIFAX INC 14,622 14,622
ERSTE GROUP BK SP ADR 10,798 10,798
EXPEDITORS INTL WASH INC 7,478 7,478
EXPERIAN PLC SP ADR 6,427 6,427
FACTSET RESH SYS INC 4,297 4,297
FANUC LTD-UNSP 4,705 4,705
FAST RETAILING CO LTD 6,357 6,357
FIDELITY NATL INFO SVCS 7,781 7,781
FISERV INC WISC PV 1CT 11,733 11,733
FORTUNE BRANDS 7,421 7,421
GE HEALTHCARE 11,716 11,716
GENERAL MOTORS CO 16,279 16,279
GENUINE PARTS CO 6,098 6,098
GLOBAL PMTS INC GEORGIA 10,136 10,136
GSK PLC SHS ADR 6,086 6,086
HALEON PLC SHS ADR 6,118 6,118
HEINEKEN N V ADR 3,985 3,985
ILLUMINA INC COM 4,274 4,274
ING GP NV SPSD ADR 12,049 12,049
INTERCONTINENTAL 15,500 15,500
INTUITIVE SURGICAL INC 7,603 7,603
IQVIA HLDGS INC 13,676 13,676
KEURIG DR PEPPER INC 14,005 14,005
KEYSIGHT TECHNOLOGIES 7,696 7,696
KUBOTA CORP ADR 3,802 3,802
LAMB WESTON HOLDINGS INC 4,821 4,821
LENNOX INTL INC 8,470 8,470
LIBERTY BROADBAND CORP 3,113 3,113
LVMH MOET HENNESSY ADR 4,892 4,892
M&T BANK CORPORATION 9,288 9,288
MAGNA INTL INC CL A VTG 2,843 2,843
MARATHON PETROLEUM CORP 12,721 12,721
MASCO CORP 5,913 5,913
MERCK AND CO INC SHS 16,198 16,198
META PLATFORMS INC 58,016 58,016
MICROSOFT CORP 33,149 33,149
MOELIS AND COMPANY SHS A 8,772 8,772
MONOTARO CO LTD - UNSP 7,288 7,288
MONSTER BEVERAGE SHS 18,106 18,106
MUENCHENER RUECK-UNSPON 8,736 8,736
NASDAQ OMX GRP INC 9,110 9,110
NETFLIX COM INC 47,957 47,957
NEWMARKET CORP 9,110 9,110
NIDEC CORPORATION ADR 2,188 2,188
NIKE INC CL B 25,382 25,382
NOVARTIS ADR 12,568 12,568
NOVO NORDISK A S ADR 9,711 9,711
NVIDIA 80,408 80,408
OLD DOMINION FGHT LINES 3,942 3,942
ORACLE CORP $0.01 DEL 50,061 50,061
OTIS WORLDWIDE CORP REG 8,320 8,320
OTSUKA HOLDINGS CO LTD 7,174 7,174
PAN PAC INTL HLDGS CORP 10,179 10,179
PAYPAL HOLDINGS INC SHS 4,560 4,560
PHILLIPS 66 SHS 18,771 18,771
POOL CORPORATION 6,822 6,822
POST HOLDINGS INC SHS 6,449 6,449
QUALCOMM INC 7,819 7,819
REGENERON PHARMACTCLS 11,245 11,245
REINSURNCE GROUP AMERICA 9,607 9,607
RENTOKIL INTL SPNSRD ADR 3,813 3,813
ROCHE HLDG LTD SPN ADR 13,923 13,923
SAFRAN SA-UNSPON ADR 13,423 13,423
SALESFORCE INC 28,677 28,677
SCHWAB CHARLES CORP NEW 19,571 19,571
SEI INVT CO PA PV $0.01 7,806 7,806
SHOPIFY INC CL A 21,103 21,103
SOMNIGROUP INTERNATIONAL 12,228 12,228
SONY GROUP CORP 12,552 12,552
STARBUCKS CORP 8,798 8,798
STATE STREET CORP 15,197 15,197
STERIS PLC REG SHS 8,908 8,908
SYMRISE AG ADR 4,265 4,265
TARGA RESOURCES CORP 10,723 10,723
TE CONNECTIVITY PLC 9,001 9,001
TESLA INC 63,595 63,595
THERMO FISHER SCIENTIFIC 7,760 7,760
TOTALENERGIES SE 4,954 4,954
UNIFIRST CORP 5,016 5,016
UNILEVER PLC NEW ADR 4,920 4,920
UNION PACIFIC CORP 7,091 7,091
VERTEX PHARMCTLS INC 16,841 16,841
VISA INC CL A SHRS 33,797 33,797
VULCAN MATERIALS CO 9,844 9,844
WARNER BROS DISCOVERY 16,581 16,581
WATERS CORP 5,696 5,696
WELLS FARGO & CO 16,261 16,261
WILLIS TOWERS WATSON PLC 17,963 17,963
WORKDAY INC CL A 5,055 5,055
YUM BRANDS INC 6,232 6,232
YUM CHINA HOLDINGS INC 1,760 1,760
ZIMMER BIOMET HOLDI 7,979 7,979
1ST CTZNS BNCSHS INC A 12,524 12,524
DIMENSIONAL US SMALL CAP VAL (DFSV) 365,969 365,969
DIMENSIONAL INTERNATIONAL VA (DFIV) 175,902 175,902
ISHARES CORE S&P 500 (IVV) ETF 8,178,846 8,178,846
ISHARES GLOBAL (IGF) 380,655 380,655
BNY MELLON INTERNATIONAL STOCK (DISRX) FUND - CLASS I FD #6157 159,790 159,790
BARON DISCOVERY FUND-INST (BDFIX) 350,480 350,480
COHEN & STEERS INSTL RLTY SH (CSRIX) FUND # 1263 374,330 374,330
SEAFARER OVERSEAS GROWTH & (SIGIX) INCOME INSTL CLASS FD # 11602 90,222 90,222
GRANDEUR PEAK US STWRTS-INST (GUSYX) 344,827 344,827
GRANDEUR PEAK INTL STLWR-INS (GISYX) 161,455 161,455
JANUS HNDRSN OVERSEAS-I (JIGFX) 175,039 175,039
TOUCHSTONE SANDS EM GR-INST (TSEGX) FUND# 565 86,552 86,552
WASATCH SMALL CAP VALUE-INS (WICVX) 354,142 354,142
Hawthorn Accrued Income 89,475 89,475

TY 2024 InvestmentsGovtObligationsSch
Name:
The Believers Foundation Inc
EIN:
59-2851282
US Government Securities - End of Year Book Value:

3,789,751
US Government Securities - End of Year Fair Market Value:

3,789,751
State & Local Government Securities - End of Year Book Value:


4,082,485
State & Local Government Securities - End of Year Fair Market Value:


4,082,485


TY 2024 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 197,047 197,047
MERGER FUND CLASS I FD # 301 (MERIX) FMV 188,346 188,346
One-Ounce U.S. Gold Eagle Coins FMV 1,390,936 1,390,936
Coin Investment FMV 190,076 190,076
Vittoria Offshore Fund FMV 6,027,784 6,027,784
AgAmerica Lending Fund FMV 2,740,285 2,740,285
Investment in Per Diem Therapy Experts FMV 100,000 100,000

TY 2024 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 79,823 116,287  
Leasehold Improvements 110,012 110,012 0  
Leasehold Improvements 150,935 150,935 0  
Leasehold Improvements 3,000 2,916 84  
Grass ProLawnmower 3,990 3,990 0  
Misc 7,500 7,500 0  
Water Purifier 2,949 2,949 0  
Computer 2,569 2,142 427  
Computer - Cyber Support 3,257 2,007 1,250  


TY 2024 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 26,181 0 0


TY 2024 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
Miscellaneous 9,835 0   9,835
Insurance 1,044 0   1,044
Office Expenses 1,680 0   1,680
Telephone & Internet 3,192 0   3,192
Postage & Shipping 3,987 0   3,987
Repairs & Maintenance 21,637 0   21,637
Information Technology 7,430 0   7,430


TY 2024 OtherIncomeSchedule2
Name:
The Believers Foundation Inc
EIN:
59-2851282
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Other Income 3,889 3,889 3,889
Partnership Income - AG America 214,121 214,121 214,121


TY 2024 OtherIncreasesSchedule
Name:
The Believers Foundation Inc
EIN:
59-2851282
Description Amount
Unrealized gains 1,229,066


TY 2024 OtherNotesLoansRcvblShortSch2
Name:
The Believers Foundation Inc
EIN:
59-2851282
Name of 501(c)(3) Organization Balance Due
Berean Bible Community Church Inc
 
165,237
Virtusdei
 
350,000


TY 2024 OtherProfessionalFeesSchedule
Name:
The Believers Foundation Inc
EIN:
59-2851282
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management 118,198 114,470   3,728
Other Professional Fees 7,940 0   7,940


TY 2024 TaxesSchedule
Name:
The Believers Foundation Inc
EIN:
59-2851282
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Excise Taxes 30,290 0   0
Property Taxes 13,153 1,114   12,038