2021-07-13T10:28:12-05:00 2020-08-31 112479467 RICHARD BROWN 69 PRITCHARD COURT FISHKILL NY 12524 990 2019-09-01 131606002 BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC BELG 2037775765 195 CHURCH STREET NEW HAVEN CT 06510 DR EMILE L BOULPAEP PRESIDENT 2034854055 2021-07-13 1 RICHARD BROWN P01219038 5163845056 2021-07-13 X 2019 2022-09-23 18:48:47Z DR EMILE L BOULPAEP 96 POND MEADOW ROAD KILLINGWORTH CT 06419 30966931 0 X WWW.BAEF.BE X 1920 DE GRADUATE & POSTGRADUATE EXCHANGE FELLOWSHIP PROGRAM BETWEEN THE UNITED STATES AND BELGIUM. 15 15 0 1 0 0 2469527 2221621 206525 123593 10499575 10183932 -24116 69941 13151511 12599087 3966457 3955651 0 0 138901 143780 0 0 65640 884716 674468 4990074 4773899 8161437 7825188 139679679 148416078 613239 595646 139066440 147820432 THE BAEF IS ENGAGED IN FOSTERING THE HIGHER EDUCATION OF DESERVING BELGIANS AND AMERICANS THROUGH ITS EXCHANGE FELLOWSHIP PROGRAM 0 0 4114839 3955651 123593 GRADUATE FELLOWSHIP PROGRAM- FOR FISCAL YEAR ENDED AUGUST 31, 2020 THE FOUNDATION AWARDED A TOTAL OF 87 PAID FELLOWSHIPS CONSISTING OF $2,035,450 IN STIPENDS AND $1,920,201 IN TUITION AND FEES FOR GRADUATE STUDY AND RESEARCH IN THE U.S AND BELGIUM. IINSTITUTIONAL GRANTS, PRIZES AND AWARDSTHERE WERE NO GRANTS, PRIZES OR AWARDS MADE IN THE FISCAL YEAR ENDED AUGUST 31, 2020 4114839 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 4 0 1 0 0 1 BE 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 0 0 0 1 0 CT X X DR EMILE L BOULPAEP 2037775765 195 CHURCH STREET NEW HAVEN CT 06510 X DR MARYAN AINSWORTH DIRECTOR 0.00 X 0 0 0 CHEVALIER EMILE L BOULPAEP CHAIRMAN, PRES. & DIRECTOR 20.00 X X 0 0 0 COMTE DIEGO DU MONCEAU DE BERGENDAL DIRECTOR 0.00 X 0 0 0 MRS SUSAN FRIBERG DIRECTOR 0.00 X 0 0 0 MR FILIP MOERMAN DIRECTOR 0.00 X 0 0 0 BARON DANIEL JANSSEN DIRECTOR 0.00 X 0 0 0 LGILLES SION ESQ SECRETARY, DIRECTOR 2.00 X X 0 0 0 DIRK WAUTERS DIRECTOR 0.00 X 0 0 0 PROFESSOR JACQUES WILLEMS DIRECTOR 0.00 X 0 0 0 PROF DR MARCEL CROCHET VICE-PRESIDENT, DIRECTOR 5.00 X 0 0 0 WILLIAM F MOODY DIRECTOR 0.00 X X 0 0 0 MARGARET HOOVER DIRECTOR 0.00 X 0 0 0 MR OLIVIER TROUVEROY DIRECTOR,TREASURER 2.00 X X 0 0 0 BARON FRANS VAN DAELE DIRECTOR 0.00 X 0 0 0 ALEXIA BERTRAND DIRECTOR 0.00 X 0 0 0 0 0 0 0 0 0 0 GRIFFIN ASSEST MANAGEMENT 230 PARK AVENUE 4TH FLOOR NEW YORK NY 10169 INVESTMENT ADVISORY SERVICES 422273 SHALIK MORRIS AND COMPANY LLP 80 CROSSWAYS PARK DRIVE WEST WOODBURY NY 11797 ACCOUNTING SERVICES 120981 LUTZ AND CARR 553 FIFITH AVENUE NEW YORK NY 10176 ANNUAL AUDIT 24000 RICHARD BROWN 69 PRITCHARD COURT FISHKILL NY 12524 ACCOUNTING SERVICES 21438 4 126401 2095220 2221621 FELLOWSHIP REPAYMENTS 900099 123593 123593 123593 3408533 3408533 25143243 18367844 6775399 6775399 6775399 FOREIGN EXCHANGE GAINS 900099 43850 43850 FRIENDS OF BAEF NET INCOME 900099 25795 25795 MISCELLANEOUS 900099 296 296 69941 12599087 123593 0 10253873 3649860 3649860 305791 305791 129083 45179 42597 41307 14697 5144 4850 4703 918 918 143532 71766 71766 422273 422273 7113 2490 2347 2276 9085 3180 2998 2907 17623 6168 5887 5568 4828 1690 1593 1545 4797 1679 1583 1535 4382 4382 0 0 6937 2428 2289 2220 ANNUAL AUDIT 24000 24000 GRADUATE FELLOWSHIP EXP 13284 13284 TELEPHONE AND INTERNET 4685 1640 1546 1499 SPECIAL EVENTS 3872 1936 1936 7139 158 6837 144 4773899 4114839 593420 65640 1375950 583439 150000 366079 37000 108288 48833 37545 59455 136577434 146696672 362407 70285 960264 819227 139679679 148416078 613239 595646 613239 595646 X 137526495 146353941 1539945 1466491 139066440 147820432 139679679 148416078 X 7825188 928803 1 X 1 X 1 X 0 0 X 2093579 2742605 2525531 2469527 2221621 12052863 2093579 2742605 2525531 2469527 2221621 12052863 1238106 10814757 2628090 2784121 3225732 3476599 3408533 15523075 178753 238639 278311 182409 193534 1071646 28647584 0.37750 0.39130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250000 0 13576313 111810 1062985 343060 14408048 13820658 43500 101185 367930 21100 13576313 12233428 320615 1581785 315170 13820658 11362733 59990 1182855 372150 12233428 10381318 106720 1208385 333240 11362733 0 0 37545 37545 44452 44450 2 26291 4383 21908 59455 13105618 928803 1 928804 12176814 422273 422273 12599087 0 0 0 0 0 PART III, LINE 1A: ARTWORK-MAGRITTE PAINTING ON PERMANENT LOAN TO THE MAGRITTE MUSEUM IN BRUSSELS, BELGIUM PART V, LINE 4: FELLOWSHIPS PART XI, LINE 2D - OTHER ADJUSTMENTS: ROUNDING ADJUSTMENT 1. 1 BELGIUM 1 1 ADMINISTRATION OF THE FELLOWSHIP PROGRAM, FUNDRAISING AND LOGISTIC SUPPORT FOR FELLOWS FELLOWSHIPS 222039 1 1 0 0 1 1 222039 0 222039 FELLOWSHIPS BELGIUM 11 305791 CHECKS (USD) 0 0 0 0 0 0 PART I, LINE 2: ORGANIZATION MAINTAINS A BRANCH OFFICE IN BRUSSELS, BELGIUM. THE OFFICE IS STAFFED WITH ONE PAID EMPLOYEE, THE ORGANIZATION'S PROGRAM MANAGER. FULL ACCOUNTING FOR THIS BRANCH OFFICE IS MAINTAINED AND INCLUDED IN THIS RETURN AT THE MONTHLY AVERAGE CONVERSION RATE FOR EURO TO USD. ACCOUNTING OF ANNUAL TRANSACTIONS AND A BUDGET FOR THE NEXT FISCAL YEAR IS SUBMITTED TO THE BELGIAN GOVERNMENT AS A PART OF THE FUNDING REQUEST FOR A GRANT FROM THE BELGIAN GOVERNMENT TO THE BAEF. PART I, LINE 3: MONTHLY REPORTS OF TRANSACTIONS ARE SUBMITTED TO US OFFICE IN NEW HAVEN, INCLUDING COPIES OF BANK STATEMENTS, PAYMENT VOUCHERS AND VENDOR INVOICES.. TRANSACTIONS ARE CONVERTED TO USD USING MONTHLY AVERAGE CONVERSION RATE FROM EUR TO USD. PART III, COL (C): THERE WERE 11 BAEF US FELLOWS WHO TRAVELED TO BELGIUM TO DO ONE YEAR OF STUDY OR RESEARCH. THEY REPORTED THEIR ARRIVAL IN BELGIUM TO THE BAEF PROGRAM MANAGER IN BRUSSELS AND UPON COMPLETION OF THE FELLOWSHIP PROGRAM THEY PROVIDED A DETAILED REPORT TO THE BAEF OF THEIR RESEARCH AND STUDIES WHILE IN BELGIUM. PART III ACCOUNTING METHOD: 1 DONATION-MARY ROW FUND FOR CONFLICT RESOLUTION DONATION-MARTIN TRUST CENTER FOR MIT ENTREPRENEURSHIP FELLOWSHIPS 79 3649860 PART III FOR THE FISCAL YEAR ENDING AUGUST 31,2020, THERE WHERE A TOTAL OF 79 BELGIAN FELLOWS, EITHER PURSUING MASTERS OR PHD DEGREES AT US UNIVERSITIES OR POSTDOCTORAL RESEARCHERS WORKING IN US EDUCATIONAL INSTITUTIONS AND UNIVERSITIES. UPON COMPLETION OF THEIR BAEF SPONSORED STAY IN THE US ALL FELLOWS SUBMIT A REPORT DESCRIBING THEIR FELLOWSHIP EXPERIENCE IN THE US. PART I LINE 2 ALL BAEF FELLOWS ARRIVING IN THE US, RECEIVE THEIR VISA'S FROM THEIR HOST INSTITUTIONS. UPON THEIR ARRIVAL IN THE US, THE BAEF FELLOW MUST SUBMIT A NOTICE OF ARRIVAL TO THE BAEF OFFICE IN NEW HAVEN CT. AFTER THE NOTICE OF ARRIVAL FORM HAS BEEN RECEIVED, STIPEND CHECKS ARE ISSUED TO THE BAEF FELLOW PERIODICALLY DURING THE COURSE OF THEIR YEAR OF STUDY OR RESEARCH. IN ADDITION FOR THOSE FELLOWS ENROLLED IN DEGREE PROGRAMS IN THE US, TUITION PAYMENTS ARE MADE TO THEIR HOST INSTITUTIONS FORM 990 PART 1 SUMMARY LINE 6. NUMBER OF VOLUNTEERS DR. EMILE L. BOULPAEP, PRESIDENT AND CHAIRMAN IS A FULL TIME VOLUNTEER FOR THE ORGANIZATION PROVIDNG SUPERVISORY AND ADMINISTRATIVE SERVICES FOR THE FOUNDATION. FORM 990 PART XII LINE 2C DRAFT OF AUDIT IS REVIEWED BY PRESIDENT AND TREASURER. AT ANNUAL MEETING TREASURER PRESENTS THE AUDIT AND AFTER DISCUSSION, APPROVAL OF REPORT AND SELECTION OF AUDITORS FOR SUBSEQUENT FISCAL YEAR IS PROPOSED AND APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 AT THE ANNUAL MEETING OF THE MEMBERS A SLATE OF NAMES ARE PRESENTED TO THE MEMBERS FOR POSITIONS ON THE BOARD OF DIRECTORS FOR A TERM OF 3 YEARS. THIS SLATE IS THEN VOTED ON AND APPROVED BY THE MEMBERS. AT THE FIRST BOARD MEETING OF THE CALENDER YEAR THE BOARD ELECTS OFFICERS AND MEMBERS OF THE STANDING COMMITTES OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A REPORTS OF ALL ACTIVITIES OF ORGANIZATION'S COMMITTEES ARE DISCLOSED AND APPROVED AT THE ANNUAL MEETING OF MEMBERS IN JANUARY FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE GOVERNING BODY, BAEF BOARD OF DIRECTORS, ARE DISCLOSED OF AND APPROVED AT THE ANNUAL MEETING OF THE MEMBERS IN JANUARY. FORM 990, PART VI, SECTION B, LINE 11B 990 IS REVIEWED AND APPROVED BY PRESIDENT AND CHAIRMAN BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MEET FOUR TIMES ANNUALLY AT WHICH TIME ANY MATTERS AFFECTING CONFLICTS OF INTEREST ARE DISCLOSED AND DISCUSSED. FORM 990, PART VI, SECTION B, LINE 15B ANNUAL FISCAL OPERATING BUDGET FOR PERIOD SEPTEMBER-AUGUST IS PRESENTED TO THE BOARD OF DIRECTORS AT THEIR OCTOBER MEETING FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: ROUNDING ADJUSTMENT 1.