Nonprofit · EIN 20-8286582
I BELIEVE FOUNDATION INC
Tax-exempt · FT LAUDERDALE, FL 33312
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $36,101 | $26,131 | $9,970 | $12,818 | $0 | $12,818 |
| June 30, 2024 | 990-PF | $10,032 | $10,175 | -$143 | $2,848 | $0 | $2,848 |
| June 30, 2023 | 990-PF | $21 | $5,000 | -$4,979 | $2,991 | $0 | $2,991 |
| June 30, 2022 | 990-PF | $1 | $760 | -$759 | $7,970 | $0 | $7,970 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $36,070
- Interest
- $31
Expenses
- Grants and similar amounts paid
- $24,000
- Disbursements for charitable purposes
- $24,000
Balance sheet and other
- Total assets, start of year
- $2,848
- Total assets, end of year
- $12,818
- Total liabilities, end of year
- $0
- Net assets, end of year
- $12,818
- Fair market value of assets
- $12,818
- Qualifying distributions
- $24,000
- Net investment income
- $31
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN LASSETER 5605 BROOKFIELD CIRCLE E, FT LAUDERDALE, FL 33312 | DIRECTOR | 0 | $0 |
| FRANCIS GRAVES III 5605 BROOKFIELD CIRCLE E, FT LAUDERDALE, FL 33312 | DIRECTOR | 0 | $0 |
990-PF for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN LASSETER 5605 BROOKFIELD CIRCLE E, FT LAUDERDALE, FL 33312 | DIRECTOR | 0 | $0 |
| FRANCIS GRAVES III 5605 BROOKFIELD CIRCLE E, FT LAUDERDALE, FL 33312 | DIRECTOR | 0 | $0 |
990-PF for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN LASSETER 5605 BROOKFIELD CIRCLE E, FT LAUDERDALE, FL 33312 | DIRECTOR | 2 | $0 |
| KENNETH LASSETER 3401 NE 170TH ST, N MIAMI BEACH, FL 33160 | DIRECTOR | 2 | $0 |
| FRANCIS GRAVES III 5605 BROOKFIELD CIRCLE E, FT LAUDERDALE, FL 33312 | DIRECTOR | 2 | $0 |
990-PF for the year ended June 30, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN LASSETER 5605 BROOKFIELD CIRCLE E, FT LAUDERDALE, FL 33312 | DIRECTOR | 2 | $0 |
| KENNETH LASSETER 3401 NE 170TH ST, N MIAMI BEACH, FL 33160 | DIRECTOR | 2 | $0 |
| FRANCIS GRAVES III 5605 BROOKFIELD CIRCLE E, FT LAUDERDALE, FL 33312 | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 5605 BROOKFIELD CIR E, FT LAUDERDALE, FL 33312-6256
- In care of
- % KATHY LASSETER
- Signed the 990-PF
- KATHLEEN LASSETER, DIRECTOR
- Phone
- (954) 985-8808
- Return prepared by
- LEVIN SILVEY ZELKO & MACKEY PA CPA'S
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-8286582
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $12,818
- Income (IRS master file)
- $36,101
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $36,101 | $26,131 | $12,818 | IRS |
| 990-PF | June 2024 | $10,032 | $10,175 | $2,848 | XML |
| 990-PF | June 2023 | $21 | $5,000 | $2,991 | XML |
| 990-PF | June 2022 | $1 | $760 | $7,970 | XML |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8286582).
Questions about I BELIEVE FOUNDATION INC
- What is the EIN of I BELIEVE FOUNDATION INC?
- The employer identification number (EIN) of I BELIEVE FOUNDATION INC is 20-8286582.
- Is I BELIEVE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to I BELIEVE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does I BELIEVE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of I BELIEVE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did I BELIEVE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of I BELIEVE FOUNDATION INC?
- The 990-PF for the year ended June 30, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does I BELIEVE FOUNDATION INC have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $36,101, expenses of $26,131 and total assets of $12,818 at year end.
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