I Believe Foundation Inc
I Believe Foundation Inc is a Houston, Texas foundation that made grants to organizations, with 2021 grant purposes including advancing ministries, life enhancement in underdeveloped regions, COVID relief, and academic scholarships. Its most recent filing on record is for 2021, with no filings since; it appears to have wound down or stopped grantmaking.
I Believe Foundation Inc at a glance
In short: I Believe Foundation Inc gave $663K across 13 grants in 2021 (avg $51K), mostly in Texas. 92% of 2021 grantees were new. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $662,700
- +49.3% vs 2020
- Grants made (2021)
- 13
- +160.0% vs 2020
- Average grant
- $50,977
- -42.6% vs 2020
- Median grant
- $10,000
- Total assets
- $4,606,936
- +50.3% vs 2020
- New grantees (estimate)
- 92% first-time grantees (12 of 13, 2021; small sample)
- Primary geography
- Texas (94% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to I Believe Foundation Inc
- How to Apply
-
The 2021 filing lists the application materials above. These instructions should not be treated as current because the foundation has not filed since 2021.
- Review Cycle
- October 31, as listed on the 2021 filing; this is a past cycle.
- Deadline
- October 31, as listed on the 2021 filing; this is a past cycle.
- Contact
Application contact: I Believe Foundation Co David Imoni
Mailing address: Post Office Box 131083, Houston, TX 77219
Phone: (832) 771-4491
Website: https://www.ibelievefoundation.net
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who I Believe Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2021
The largest 2021 recipient was New Light Ministries ($300K). Together the top 10 received $642K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 14 grants of 23 (61%).
Geographic Focus
Where this funder awards grants
In 2021, 94% of grant dollars went to recipients in Texas, 4% to California, 2% to New Jersey, and 1% to North Carolina. These state shares are as reported in the filing.
Grant Distribution by State
Share of 2021 grant dollars across all 13 itemized grants.
Cities
Is I Believe Foundation Inc open to new grantees?
92%
first-time grantees, 2021
In 2021, 12 of 13 grantees (92%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $51K; repeat grants $50K. How we count
Medians: $10K first-time, $50K repeat.
- 8% of 2021 grantees were also funded in 2020. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2021). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2021, annual grant giving ranged from $444K (2020) to $663K (2021). In 2021 it made 13 grants totaling $663K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New Light Ministries Missouri City, TX | Advance Ministry | $300,000 |
| Light Water Life Waco, TX | Life Enhancementfor Underdevelopedregions | $132,000 |
| I Believe Bible Church Houston, TX | Advance Ministru | $64,500 |
| Faith International Church Houston, TX | Advance Ministry | $50,000 |
| The Ark Church Conroe, TX | Advance Ministry | $40,000 |
| Echo Church San Jose, CA | Advance Ministry | $15,000 |
| SNR Construction Corpus Christi, TX | Covid Relief | $10,000 |
| Dharius Daniels Ministries Ewing, NJ | Advance Ministry | $10,000 |
| More Than Enough Ministries San Jose, CA | Advance Ministry | $10,000 |
| Relentless Church Rosenberg, TX | Advance Ministry | $10,000 |
Ready to take the next step with I Believe Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2021 | $4,606,936 | $2,905,191 | $1,363,577 | $662,700 | 13 | $591 |
| 2020 | $3,064,726 | $3,200,093 | $786,777 | $444,012 | 5 | — |
| 2019 | $651,410 | $1,255,600 | $929,277 | $563,154 | 5 | — |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement is provided. The 2021 filing lists grants for purposes including “advance ministry,” “life enhancement for underdeveloped regions,” COVID relief, and academic scholarships.
Grantmaking
In 2021, the foundation reported 13 grants totaling $662,700. Grant amounts ranged from $5,000 to $300,000, with a median of $10,000. Listed recipients included New Light Ministries ($300,000), Light Water Life ($132,000), I Believe Bible Church ($64,500), Faith International Church ($50,000), and The Ark Church ($40,000). The filing describes the grants’ purposes as advancing ministry or enhancing life in underdeveloped regions.
The foundation stated on its 2021 filing that it does not restrict giving to preselected organizations. The filing requests an organization’s name, purpose, and the reason and rationale for the request; it lists no restrictions on awards.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2021 filing lists David Imonitie Jr as president and Kunbi Imonitie as vice president.
I Believe Foundation Inc is led by Kunbi Imonitie, V President on every filing since 2019; 1 of 2 officers listed in 2021 is compensated.
Officers on the 2021 filing
Kunbi Imonitie
V President
On filings since 2019
12 hrs/week
$22K (2020) → $72K (2021)
David Imonitie Jr.
President
On filings since 2019
1 hr/week
No compensation reported
Former officers (1)
- Former: Nicole Durio (2019–2020) — Treasurer
Data from IRS Form 990 filings, 2019–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2021 IRS filing
The highest reported compensation on the 2021 filing was $72K, to Kunbi Imonitie (V President).
Frequently asked questions about I Believe Foundation Inc
How much does I Believe Foundation Inc give each year?
I Believe Foundation Inc gave $663K across 13 grants in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $444K across 5 grants.
What is I Believe Foundation Inc's typical grant size?
I Believe Foundation Inc's median grant in 2021 was $10,000, and its average grant was $50,977, across 13 grants on its 2021 IRS Form 990-PF. Organizations receiving their first grant from I Believe Foundation Inc that year got $51K on average.
Where does I Believe Foundation Inc give grants?
I Believe Foundation Inc gives mostly in Texas: 94% of the grant dollars itemized on its 2021 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Houston, TX (3 grants) and San Jose, CA (2 grants).
Does I Believe Foundation Inc give general operating support?
Not in 2021: none of the 13 grants with a stated purpose on I Believe Foundation Inc's 2021 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Advance Ministry" (8 grants).
Who are I Believe Foundation Inc's largest grantees?
I Believe Foundation Inc's largest 2021 grantees include New Light Ministries ($300,000), Light Water Life ($132,000) and I Believe Bible Church ($64,500), according to its 2021 IRS Form 990-PF. Together they received 75% of its itemized 2021 grant dollars.
How large is I Believe Foundation Inc?
I Believe Foundation Inc reported $4.6M in total assets on its 2021 IRS Form 990-PF. Its revenue that year was $2.9M.
What does I Believe Foundation Inc fund?
No mission statement is provided. The 2021 filing lists grants for purposes including “advance ministry,” “life enhancement for underdeveloped regions,” COVID relief, and academic scholarships. See mission & focus areas ↑
How do I apply for a grant from I Believe Foundation Inc?
The 2021 filing lists the application materials above. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is I Believe Foundation Inc's EIN?
I Believe Foundation Inc's EIN (Employer Identification Number) is 46-2232715. IRS Form 990 filing data is available on this page for 2019–2021.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 9, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 11, 2022)
- IRS filings on file for fiscal years 2019–2021
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I Believe Foundation Inc down — hundreds of funders to go?