2020-07-07T16:39:33-05:00 2019-08-31 112973036 SHALIK MORRIS & COMPANY LLP 80 CROSSWAYS PARK DRIVE WEST WOODBURY NY 11797 990 2018-09-01 131606002 BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC BELG 2037775765 195 CHURCH STREET NEW HAVEN CT 06510 DR EMILE L BOULPAEP PRESIDENT 2034854055 2020-07-07 1 RICHARD BROWN P01219038 5163388700 2020-07-04 X 47.19.78.26 2020-07-07 13:43:36 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2021-01-29 14:40:06Z DR EMILE L BOULPAEP 96 POND MEADOW ROAD KILLINGWORTH CT 06419 27968539 0 X WWW.BAEF.BE X 1920 DE GRADUATE & POSTGRADUATE EXCHANGE FELLOWSHIP PROGRAM BETWEEN THE UNITED STATES AND BELGIUM. 15 15 0 0 0 0 2525531 2469527 300993 206525 6552712 10499575 -22682 -24116 9356554 13151511 3426691 3966457 0 0 142675 138901 0 0 64013 727124 884716 4296490 4990074 5060064 8161437 140367256 139679679 428124 613239 139939132 139066440 THE BAEF IS ENGAGED IN FOSTERING THE HIGHER EDUCATION OF DESERVING BELGIANS AND AMERICANS THROUGH ITS EXCHANGE FELLOWSHIP PROGRAM 0 0 3711624 3565917 1663716 GRADUATE FELLOWSHIP PROGRAM- FOR FISCAL YEAR ENDED AUGUST 31, 2019 THE FOUNDATION AWARDED A TOTAL OF 81 PAID FELLOWSHIPS CONSISTING OF $1,973,750 IN STIPENDS AND $1,592,169 IN TUITION AND FEES FOR GRADUATE STUDY AND RESEARCH IN THE U.S AND BELGIUM. 426686 400540 400540 INSTITUTIONAL GRANTS, PRIZES AND AWARDSGIFTS TO MIT-MARY ROWE FUND FOR CONFLICT RESOLUTION-$400,000ALUMNI AWARD TO PROF.DAVID ALSTEENS OF THE CATHOLIC UNIVERSITY OF LOUVAIN IN THE FIELD OF BIOMEDICAL RESEARCH - $11,216 (10,000 EUR) 4138310 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 3 0 1 0 0 1 BE 0 0 0 0 0 0 0 0 X 15 15 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 0 0 0 1 0 CT X X R BROWN 5163388700 80 CROSSWAYS PK DR W WOODBURY NY 11797 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 416701 SHALIK MORRIS AND COMPANY LLP 80 CROSSWAYS PARK DRIVE WEST WOODBURY NY 11797 ACCOUNTING SERVICES 151200 2 127257 2342270 2469527 FELLOWSHIP REPAYMENTS 900099 206525 206525 206525 3476599 3476599 21840004 14817028 7022976 7022976 7022976 FRIENDS OF BAEF NET INCOME 900099 2196 2196 MISCELLANEOUS 900099 317 317 FOREIGN EXCHANGE GAINS 900099 -26629 -26629 -24116 13151511 206525 0 10475459 400540 400540 3322059 3322059 243858 243858 124248 43487 41002 39759 14653 5129 4835 4689 3304 3304 152335 76168 76167 416701 416701 7930 2775 2617 2538 7592 2656 2506 2430 17471 6115 5765 5591 4916 1721 1622 1573 6440 2254 2125 2061 6932 2426 2288 2218 BAEF CENTENNIAL BOOK AU 181476 181476 CENTENNIAL PLANNING EXP 21478 21478 ANNUAL AUDIT 20074 20074 GRADUATE FELLOWSHIP EXP 15683 15683 22384 13439 5791 3154 4990074 4138310 787751 64013 75769 1292453 136501 83497 301396 366079 81996 44451 37545 37545 131229910 136577434 7737271 362407 848864 960264 140367256 139679679 428124 613239 428124 613239 X 138050791 137526495 1888341 1539945 139939132 139066440 140367256 139679679 8161437 -9034129 0 X 0 0 0 X 2386626 2093579 2742605 2525531 2469527 12217868 2386626 2093579 2742605 2525531 2469527 12217868 1332816 10885052 2339603 2628090 2784121 3225732 3476599 14454145 268766 178753 238639 278311 182409 1146878 27818891 0.39130 0.46200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250000 0 13820658 43500 101185 367930 21100 13576313 12233428 320615 1581785 315170 13820658 11362733 59990 1182855 372150 12233428 10381318 106720 1208385 333240 11362733 7700591 3151060 -167875 302460 10381318 1.00000 0 0 37545 37545 44451 44451 0 37545 3700681 -9034129 -9034129 12734810 416701 416701 13151511 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 0 BELGIUM 1 1 ADMINISTRATION OF THE FELLOWSHIP PROGRAM, FUNDRAISING AND LOGISTIC SUPPORT FOR FELLOWS 241213 1 1 0 0 1 1 241213 0 241213 FELLOWSHIPS BELGIUM 11 243858 CHECKS (USD) ALUMNI AWARD BELGIUM 1 11216 TRANSFER (EURO) 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. 1 MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE CAMBRIDGE MA 02139 400000 DONATION-MARY ROWE FUND FOR CONFLICT RESOLUTION DONATION-MARY ROW FUND FOR CONFLICT RESOLUTION DONATION-MARTIN TRUST CENTER FOR MIT ENTREPRENEURSHIP FELLOWSHIPS 73 3322059 PART I, LINE 2: ALL BAEF FELLOWS ARRIVING IN THE US RECEIVE THEIR VISA'S FROM THEIR HOST INSTITUTIONS. UPON ARRIVAL IN THE US THE BAEF FELLOW MUST SUBMIT A NOTICE OF ARRIVAL TO THE BAEF OFFICE IN NEW HAVEN. UPON RECEIPT OF SUCH FORM, STIPEND CHECKS ARE MAILED TO THE FELLOWS DURING THE COURSE OF THE YEAR OF STUDY OR RESEARCH. IN ADDITION FOR THOSE FELLOWS ENROLLED IN DEGREE PROGRAMS THE BAEF MAKES TUITION PAYMENTS TO THEIR HOST INSTITUTIONS. SHEDULE F PART IV FOR THE FISCAL YEAR ENDING AUGUST 31, 2019 THERE WERE A TOTAL OF 73 BELGIAN FELLOWS EITHER PURSUING MASTERS OR PHD STUDIES AT US UNIVERSITIES OR RESEARCHERS WORKING IN US EDUCATIONAL INSTITITIONS AND UNIVERSITIES. UPON COMPLETION OF THEIR BAEF SPONSORED STAY IN THE US ALL FELLOWS SUBMIT A REPORT DESCRIBING THEIR FELLOWSHIP EXPERIENCE IN THE US. 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 4 GOVERNING BY-LAWS WERE AMENDED FOR THE FOLLOWING: INCREASE THE DOLLAR VALUE OF GRANTS REQUIRING APPROVAL BY TWO-THIRDS VOTE OF THE CORPORATION MEMBERS FROM TEN THOUSAND DOLLARS ($10,000) TO ONE MILLION DOLLARS ($1,000,000) UNLESS THIS PAYMENT IS TO BE MADE BY THIS CORPORATION (1) TO ANY UNIVERSITY ON BEHALF OF, OR TO THE BENEFIT OF ANY STUDENT WHO HAS BEEN GRANTED A FELLOWSHIP BY THIS CORPORATION OR (11) WITHIN THE SCOPE OF THE DAY-TO-DAY BUSINESS OF THIS CORPORATION; OR (111) FOR ANY INVESTMENT, DEALING OR EXPENSE OF THE INCOME AND PRINCIPAL OF THIS CORPORATION IN SUCH MANNER AS IN THE JUDGEMENT OF ITS MEMBERS OR DIRECTORS WILL BEST PROMOTE ITS OBJECTS WITHIN THE SCOPE OF PORTFOLIO MANAGEMENT. REQUIREMENTS OF A TWO-THIRDS VOTE OF BOTH DIRECTORS AND MEMBERS TO CHANGE THE PURPOSES OR RESTRICTIONS PLACED AN ANY "QUASI ENDOWMENT". 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 FOUNDATION CENTER WEBSITE FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST