The Believers Foundation Inc

Private foundation · Grantmaker Seffner, FL EIN: 59-2851282

The Believers Foundation Inc is a private foundation, based in Seffner, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $40.3M in total assets. In 2025, it awarded 2 grants totaling $212K. Net investment income was $2.1M.

Key facts about The Believers Foundation Inc

In short: The Believers Foundation Inc gave $212K across 2 grants in 2025 (avg $106K), mostly in Florida. Source: 2025 IRS Form 990-PF.

EIN
59-2851282
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$212,340
Grants made (2025)
2
Average grant
$106,170
Median grant
$106,170
Total assets
$40,282,042
Primary geography
Florida (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$40.3M

+6.6% YoY

Annual Giving

$212K

+965.7% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$106K

+965.7% YoY

Under IRS private-foundation payout rules, The Believers Foundation Inc reported a distributable amount of $1.9M for 2025 — the minimum it must pay out in qualifying distributions.

How The Believers Foundation Inc gives

  • Giving grew 2023% from 2022 to 2025. Method
  • In 2025 it paid out 44% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of all 2 itemized 2025 grant dollars.

Cities

SeffnerAlpharettaBonifayClearwaterMilfordRobbinsvilleTampaThonotosassa

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M6 grants20192 grants20200 grants20211 grants20222 grants20232 grants20242 grants2025

From 2019 to 2025, annual grant giving ranged from $10K (2022) to $5.0M (2019). In 2025 it made 2 grants totaling $212K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Exalting Christ in Honduras Inc: $200KExalting Christ in HondurasInc$200KGrace Bible Church of Tampa Inc: $12KGrace Bible Church of TampaInc$12K

The largest 2025 recipient was Exalting Christ in Honduras Inc ($200K). Together the top 2 received $212K.

Grant Size Distribution

7 grants across all recorded years

6<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 6 grants of 7 (86%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Exalting Christ in Honduras Inc Seffner, FLGeneral support.$200,000
Grace Bible Church of Tampa Inc Tampa, FLSupport for building project.$12,340

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M2019202020212022202320242025
Metric202520242023
Total Assets$40,282,042$37,791,770$32,553,897
Revenue$2,251,150$1,216,041$681,757
Expenses$994,270$774,754$805,912
Qualifying Distributions$834,446$626,996$670,769
Net Investment Income$2,135,566$1,021,253$580,741
Distributable Amount$1,896,888$1,743,997$1,553,251

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS August 14, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS August 13, 2026)
  3. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Believers Foundation Inc is led by Kenneth G Fuller, Vice President & Executive Director since 2020 (on filings since 2019); 3 of 4 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Kenneth G Fuller

    Vice President & Executive Director

    Vice President & Executive D → Vice President & Executive Director, 2020

    On filings since 2019

    40 hrs/week

    $106K (2019) → $110K (2025)

  • Stephen L Jaeb

    President

    On filings since 2019

    10 hrs/week

    $5K (2019) → $50K (2025)

  • Joel Jaeb

    Director

    On filings since 2022

    5 hrs/week

    $3K (2023) → $4K (2025)

  • Sandra D Jaeb

    Secretary & Treasurer

    On filings since 2019

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Kenneth G Fuller — Vice President/Exec. Dir.: $110KKenneth G FullerVice President/Exec. Dir.$110KStephen L Jaeb — President: $50KStephen L JaebPresident$50KJoel Jaeb — Director: $4KJoel JaebDirector$4K

The highest reported compensation on the 2025 filing was $110K, to Kenneth G Fuller (Vice President/Exec. Dir.). 3 officers or directors reported compensation on that filing.

Frequently asked questions about The Believers Foundation Inc

How much does The Believers Foundation Inc give each year?

The Believers Foundation Inc gave $212K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $20K across 2 grants.

How large is The Believers Foundation Inc?

The Believers Foundation Inc reported $40.3M in total assets on its 2025 IRS Form 990-PF. It paid out $834K in qualifying distributions that year, against a required minimum of $1.9M (roughly 5% of its investment assets).

Where does The Believers Foundation Inc operate?

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

What is The Believers Foundation Inc's EIN?

The Believers Foundation Inc's EIN (Employer Identification Number) is 59-2851282. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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