The Believers Foundation Inc
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.
The Believers Foundation Inc at a glance
In short: The Believers Foundation Inc gave $212K across 2 grants in 2025 (avg $106K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $212,340
- +965.7% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $106,170
- +965.7% vs 2024
- Median grant
- $106,170
- Total assets
- $40,282,042
- +6.6% vs 2024
- Primary geography
- Florida (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Believers Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
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
The most common grant size was under $50K: 6 grants of 7 (86%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $10K (2022) to $5.0M (2019). In 2025 it made 2 grants totaling $212K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Exalting Christ in Honduras Inc Seffner, FL | General support. | $200,000 |
| Grace Bible Church of Tampa Inc Tampa, FL | Support for building project. | $12,340 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $40,282,042 | $2,251,150 | $994,270 | $212,340 | 2 | $834,446 | $2,135,566 | $1,896,888 |
| 2024 | $37,791,770 | $1,216,041 | $774,754 | $19,925 | 2 | $626,996 | $1,021,253 | $1,743,997 |
| 2023 | $32,553,897 | $681,757 | $805,912 | $34,500 | 2 | $670,769 | $580,741 | $1,553,251 |
| 2022 | $30,102,490 | $1,700,945 | $779,846 | $10,000 | 1 | $211,966 | $1,597,258 | $1,561,193 |
| 2021 | $34,341,788 | $1,190,166 | $852,982 | — | — | — | $2,431,732 | $1,509,248 |
| 2020 | $30,099,996 | $2,426,805 | $1,742,200 | $1,002,000 | 2 | — | $397,864 | $1,586,819 |
| 2019 | $39,640,560 | $10,062,188 | $5,793,219 | $5,001,535 | 6 | — | $208,176 | $1,925,822 |
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.
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
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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS August 14, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 13, 2026)
- IRS filings on file for fiscal years 2020–2024
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