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Believe 271 Foundation INC

Tax-deductible

Holland Patnt, NY501(c)(3)Since 2015Foundations & GrantmakersEIN 47-1035467Revenue $122K in FY2025

On file with the IRSPo Box 357, 13354-0357 · Holland Patnt, NYTax-exempt since Oct 2014Publicly supported charity — 170(b)(1)(A)(vi)

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To provide financial assistance to volunteer firefighters, emts and members of ladies auxiliaries in oneida and herkimer counties who are suffering from a life -threatening illness, such as cancer.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 31 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $72K a year · 57% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 16.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$122K
-6% vs prior year
Spent
$38K
To programs
92%
Net assets
$640K
By yearFY2020–FY2025
Revenue
$122K
FY2025▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$64K
FY2021$76K
FY2022$128K
FY2023$131K
FY2024$130K
FY2025$122K
Expenses
$38K
FY2025▼ -45%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$70K
FY2025$38K
Net assets
$640K
FY2025▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$272K
FY2021$305K
FY2022$357K
FY2023$460K
FY2024$541K
FY2025$640K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $35K Management & general 8% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
David Jones
Cooresponding Secretary
$0Pt VII · Sec A
Eric Deking
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Donna Grems
Treasurer
$0Pt VII · Sec A
Fred Sherman
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Brian McQueen
Secretary
$0Pt VII · Sec A
See Believe 271 Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers financial aid to local volunteer firefighters and EMTs facing life-threatening illnesses.

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Provided by the organization

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1 program · $35K · in their own filed words · FY2025
01

In 2025, 8 grants were given to individuals who were suffering from life threatening illnesses, such as cancer.

$35Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Joseph and Inez E Carbone Foundation TrFY2024$2K
Total grants receivedfrom 1 funder$2K
Grants paid · 2 grants · $85K · 2024–2025
Unitemized GrantFY2025$27,300
Unitemized GrantFY2024$57,800

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$122K
Ln 12
Other incomeLn 4–11$70K
Gifts and grantsLn 1h$31K
Investment incomeLn 3$21K
Money outPt IX
$38K
Ln 25
Programscol B$35K
Managementcol C$3K
Owns and owesPt X
$640K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$640K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31K
Investment incomeLn 3$21K
Other incomeLn 4–11$70K
Gains on assetsLn 7−$5K
Total revenueLn 12$122K
Assets in detailPt X, end of year
CashLn 1$15K
SavingsLn 2$39K
Cash and savings togetherLn 1–2$54K
InvestmentsLn 11–13$586K
Total assetsLn 16$640K
LiabilitiesLn 26$0
Net assetsLn 32$640K
OperationsPt I, VI
EmployeesI 50
VolunteersI 631
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$88K$54K
InvestmentsLn 11–13$453K$586K
Total assetsLn 16$541K$640K
LiabilitiesLn 26$0$0
Net assetsLn 32$541K$640K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$27K$27K
Accounting feesLn 11c$2K$1K$980$0
Investment management feesLn 11f$3K$3K$203$0
Information technologyLn 14$1K$1K$0$0
Other expenses (24a–d)Ln 24$4K$2K$2K$0
All other expensesLn 24e$34$0$34$0
Total functional expensesLn 25$38K$35K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $122K$38K$83K$640K 990 PDF
FY2024 $130K$70K$60K$541K 990 PDF
FY2023 $131K$460K 990 PDF
FY2022 $128K$357K 990 PDF
FY2021 $76K$305K 990 PDF
FY2020 $64K$272K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $121,662 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $29,020$30,952
I-9 Program service revenue$0
I-10 Investment incomePrior year $18,101$20,838
I-11 Other revenuePrior year $82,385$69,872
I-12 Total revenuePrior year $129,506$121,662
I-13 Grants and similar amounts paidPrior year $57,800$27,300
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $11,727$11,169
I-18 Total expensesPrior year $69,527$38,469
I-19 Revenue less expensesPrior year $59,979$83,193
Part VI · Governance 10 of 10 board members independent, 5 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $121,662 across 6 lines filed
Lines not itemized here account for $187 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$30,952
VIII-1h Total contributions, gifts and grants$30,952
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$25,998
VIII-7 Net gain or loss on sales of assetsRelated to mission −$5,160 · Unrelated business $0 · Excluded from tax $0−$5,160
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $69,685$69,685
VIII-12 Total revenueRelated to mission $21,025 · Unrelated business $0 · Excluded from tax $69,685$121,662
Part IX · Statement of functional expenses $38,469 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $27,300$27,300
IX-11c Accounting feesPrograms $1,470 · Management $980 · Fundraising $0$2,450
IX-11f Investment management feesPrograms $3,185 · Management $203 · Fundraising $0$3,388
IX-14 Information technologyPrograms $1,060 · Management $0 · Fundraising $0$1,060
IX-24 Other expenses (24a–d)Programs $2,223 · Management $2,014 · Fundraising $0$4,237
IX-24e All other expensesPrograms $0 · Management $34 · Fundraising $0$34
IX-25 Total functional expensesPrograms $35,238 · Management $3,231 · Fundraising $0$38,469
Part X · Balance sheet $639,958 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $29,365$14,982
X-2 Savings and temporary cash investmentsStart of year $58,831$39,326
X-11 Publicly traded securitiesStart of year $452,974$585,650
X-16 Total assetsStart of year $541,170$639,958
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $541,170$639,958
X-32 Total net assets or fund balancesStart of year $541,170$639,958
X-33 Total liabilities and net assetsStart of year $541,170$639,958
Part XI · Reconciliation of net assets $639,958 net assets at year end
XI-1 Total revenue$121,662
XI-2 Total expenses$38,469
XI-3 Revenue less expenses$83,193
XI-4 Net assets at start of year$541,170
XI-9 Other changes in net assets$15,595
XI-10 Net assets at end of year$639,958

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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