2019-04-22T09:11:51-05:00 2018-08-31 112973036 SHALIK MORRIS & COMPANY LLP 80 CROSSWAYS PARK DRIVE WEST WOODBURY NY 11797 990 2017-09-01 131606002 BELGIAN AMERICAN EDUCATIONAL FDNTN INC BELG 2037775765 195 CHURCH STREET NEW HAVEN CT 06510 DR EMILE L BOULPAEP PRESIDENT 2034854055 2019-04-16 1 RICHARD BROWN P01219038 5163388700 2019-04-04 X 47.23.39.58 2019-04-16 10:59:44 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 2A64C6D67BC1B8EF89239CFEFB99F22A6D9D721A 2017 2019-02-21 02:37:17Z DR EMILE L BOULPAEP 96 POND MEADOW ROAD KILLINGWORTH CT 06419 14609950 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 2742605 2525531 226954 300993 4837902 6552712 90805 -22682 7898266 9356554 3417997 3426691 0 0 127864 142675 0 0 117157 685372 727124 4231233 4296490 3667033 5060064 125626552 140367256 396026 428124 125230526 139939132 THE BAEF IS ENGAGED IN FOSTERING THE HIGHER EDUCATION OF DESERVING BELGIANS AND AMERICANS THROUGH ITS EXCHANGE FELLOWSHIP PROGRAM 0 0 3553772 3413753 300933 GRADUATE FELLOWSHIP PROGRAM- FOR FISCAL YEAR ENDED AUGUST 31, 2018 THE FOUNDATION AWARDED A TOTAL OF 77 PAID FELLOWSHIPS CONSISTING OF $2,159,000 IN STIPENDS AND $1,254753 IN TUITION AND FEES FOR GRADUATE STUDY AND POSTDOCTORAL RESEARCH IN THE U.S AND BELGIUM. 13428 12938 INSTITUTIONAL GRANTS, PRIZES AND AWARDS 3567200 1 1 0 0 0 0 0 1 0 1 1 1 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 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 0 1 1 1 0 0 0 1 0 CT X R BROWN 5163388700 80 CROSSWAYS PK DR W WOODBURY NY 11797 X DR MARYAN AINSWORTH DIRECTOR 0.25 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 0.25 X 0 0 0 LGILLES SION ESQ SECRETARY, DIRECTOR 0.50 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 2.00 X X 0 0 0 WILLIAM F MOODY DIRECTOR 0.25 X 0 0 0 MARGARET HOOVER DIRECTOR 0.25 X 0 0 0 MR OLIVIER TROUVEROY DIRECTOR,TREASURER 1.00 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 ASSET MANAGEMENT 230 PARK AVENUE 1TH FL SUITE 61 NEW YORK NY 10169 INVESTMENT ADVISORY SERVICES 414208 SHALIK MORRIS & COMPANY LLP 80 CROSSWAYS PARK WEST WOODBURY NY 11797 ACCOUNTING SERVICES 151575 2 56382 2469149 2525531 FELLOWSHIP REPAYMENTS 900099 300993 300993 300993 3225732 3225732 8580376 5253396 3326980 3326980 3326980 FRIENDS OF BAEF NET INCOME 900099 6306 6306 MISCELLANEOUS 900099 376 376 FOREIGN EXCHANGE GAINS (LOSSES) 900099 -29364 -29364 -22682 9356554 3605291 0 3225732 1250 1250 3151287 3151287 274154 274154 128924 45123 42545 41256 13751 4813 4538 4400 3450 3450 152783 53474 50418 48891 414208 414208 6127 2144 2022 1961 17379 6083 5735 5561 17842 6245 5887 5710 5469 1914 1805 1750 3765 1318 1242 1205 6916 2421 2282 2213 CENTENNIAL ARCHIVAL RES 54196 54196 ANNUAL AUDIT 19462 19462 GRADUATE FELLOWSHIP EXP 12369 12369 TELEPHONE AND INTERNET 5463 1912 1803 1748 7695 2693 2540 2462 4296490 3567200 612133 117157 1212489 75769 992990 136501 334703 301396 81996 44451 37545 37545 114770842 131229910 7495114 7737271 782869 848864 125626552 140367256 396026 428124 396026 428124 X 123569648 138050791 1660878 1888341 125230526 139939132 125626552 140367256 5060064 9648542 0 X X 0 1 X 1 0 X 2484846 2386626 2093579 2742605 2525531 12233187 2484846 2386626 2093579 2742605 2525531 12233187 8881 12224306 2152345 2339603 2628090 2784121 3225732 13129891 274943 301395 224290 317446 278311 1396385 26759463 0.45680 0.46720 X 250000 0 12233428 320615 1581785 315170 13820658 11362733 59990 1182855 372150 12233428 10381318 106720 1208385 333240 11362733 7700591 3151060 -167875 302460 10381318 6072127 863926 995833 231295 7700591 1.00000 0 0 37545 37545 44451 44451 0 37545 BERKSHIRE HATHAWAY 7579200 F FRIENDS OF BAEF FUND @ KBF 158071 F 7737271 18590888 9648542 -414208 9234334 9356554 0 9356554 3882282 0 3882282 414208 414208 4296490 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: INVESTMENT ADVISORY FEES -414,208. PART XI, LINE 4B - OTHER ADJUSTMENTS: ROUNDING ADJUSTMENT 0 BELGIUM 1 ADMINISTRATION OF THE FELLOWSHIP PROGRAM, FUNDRAISING AND LOGISTIC SUPPORT FOR FELLOWS 252557 1 0 0 0 1 0 252557 0 252557 FELLOWSHIPS BELGIUM 10 262466 CHECKS ALUMNI AWARD BELGIUM 1 11688 WIRE TRANSFER 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. 1 FELLOWSHIPS 68 3151287 PART I LINE 2 ALL BAEF FELLOWS COMING TO THE U.S. FOR STUDY OR POSTDOCTORAL RESEARCH RECEIVE THEIR VISA APPROVAL THROUGH THEIR HOST INSTITUTIONS. THE BAEF OFFIC IN NEW HAVEN, CONNECTICUTT, MONITORS THE FELLOWS THROUGH STIPEND CHECK PAYMENTS TO THE FELLOWS AND TUITION PAYMENTS TO UNIVERSITIES FOR MASTERS AND PHD STUDIES. IN ADDITION, THE BAEF OFFICE IN THE U.S. RECEIVES A NOTICE OF ARRIVAL FORM FROM THE FELLOWS BEFORE ANY STIPEND PAYMENTS ARE MADE. PRIOR TO THE END OF THE FELLOWSHIP YEAR THE OFFICE RECEIVES A REPORT FROM THE FELLOW DESCRIBING THEIR FELLOWSHIP EXPERIENCE IN THE U.S. PART III FELLOWSHIP PROGRAM IN THE U.S. INCLUDED 35 GRADUATE STUDENTS ENROLLED IN A DEGREE PROGRAM AT VARIOUS U.S. UNIVERSITIES TOTALLING $548,000 IN STIPEND PAYMENTS AND $1,235,073 IN TUITION AND FEES. THE FOUNDATION ALSO FUNDED RESESRCH FELLOWSHIPS IN THE U.S. FOR 33 INDIVIDUALS TOTALLING $1,368,214 IN STIPENDS AND HEALTH INSURANCE FEES. 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 11B 990 PREPARED BY BAEF ACCOUNTANT AND REVIEWED BY THE FOUNDATIONS'S AUDITORS AND ITS PRESIDENT ABD CHAIRMAN BEFORE IT IS FILED 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 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.