The Believers Foundation Inc

SEFFNER, FL EIN: 59-2851282

The Believers Foundation Inc is a private foundation, based in SEFFNER, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $37.8M in total assets. In 2024, it awarded 2 grants totaling $20K. Net investment income was $1.0M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$37.8M

+16.1% YoY

Annual Giving

$20K

-42.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$10K

-42.2% YoY

Under IRS private-foundation payout rules, The Believers Foundation Inc reported a distributable amount of $1.7M for 2024 — the minimum it must pay out in qualifying distributions.

About The Believers Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Georgia $1.0M (96%)

Florida $35K (3%)

Ohio $5K (0%)

North Carolina $2K (0%)

States

Florida Georgia North Carolina Ohio

Cities

AlpharettaMilfordRobbinsvilleSeffner

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$37,791,770	$32,553,897	$30,102,490
Revenue	$1,216,041	$681,757	$1,700,945
Expenses	$774,754	$805,912	$779,846
Qualifying Distributions	$626,996	$670,769	$211,966
Net Investment Income	$1,021,253	$580,741	$1,597,258
Distributable Amount	$1,743,997	$1,553,251	$1,561,193

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

7 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Exalting Christ in Honduras ($14,925), Sonlight Power Inc ($5,000).

Recipient	Purpose	Amount
Exalting Christ in Honduras Seffner, FL	Seminary dormitory remodel	$14,925
Sonlight Power Inc Milford, OH	Solar design project	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Kenneth G Fuller	Vice President/Exec. Dir.	40	$109,904
Joel Jaeb	Director	5	$3,600
Stephen L Jaeb	President	10	$50,000
Sandra D Jaeb	Secretary/Treasurer	1	—

Frequently Asked Questions

How large is The Believers Foundation Inc?

As of 2024, The Believers Foundation Inc holds $37.8M in total assets with $1.2M in annual revenue. It awarded 2 grants totaling $20K in 2024.

Where does The Believers Foundation Inc operate?

The Believers Foundation Inc has awarded grants in Florida, Georgia, North Carolina, Ohio.

What size grants does The Believers Foundation Inc award?

In 2024, The Believers Foundation Inc awarded 2 grants totaling $20K — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is The Believers Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Believers Foundation Inc reported a distributable amount of $1.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.