BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC (EIN 13-1606002)
Tax period
2016-09-01 to 2017-08-31
Filed
2018-05-24
IRS object ID
201831449349300338
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-05-24T12:44:00-05:00ReturnTs
Tax Period End2017-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN112973036PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SHALIK MORRIS & COMPANY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line180 CROSSWAYS PARK DRIVE WESTAddressLine1Txt
CityWOODBURYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11797ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN131606002EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BELGIAN AMERICAN EDUCATIONAL FDNTN INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBELGBusinessNameControlTxt
Phone2037775765PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1195 CHURCH STREETAddressLine1Txt
CityNEW HAVENCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06510ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDr EMILE L BOULPAEPPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2034854055PhoneNum
Signature2018-05-23SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRICHARD BROWNPreparerPersonNm
PTINP01219038PTIN
Phone5163388700PhoneNum
Preparation2018-05-17PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDr EMILE L BOULPAEPPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line196 pond meadow roadAddressLine1Txt
CitykillingworthCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06419ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$17,380,839GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.baef.beWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1920FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionGRADUATE & POSTGRADUATE EXCHANGE FELLOWSHIP PROGRAM BETWEEN THE UNITED STATES AND BELGIUM.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,093,579PYContributionsGrantsAmt
CY Contributions Grants$2,742,605CYContributionsGrantsAmt
PY Program Service Revenue$216,845PYProgramServiceRevenueAmt
CY Program Service Revenue$226,954CYProgramServiceRevenueAmt
PY Investment Income$7,436,866PYInvestmentIncomeAmt
CY Investment Income$4,837,902CYInvestmentIncomeAmt
PY Other Revenue$7,445PYOtherRevenueAmt
CY Other Revenue$90,805CYOtherRevenueAmt
PY Total Revenue$9,754,735PYTotalRevenueAmt
CY Total Revenue$7,898,266CYTotalRevenueAmt
PY Grants And Similar Paid$3,314,921PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,417,997CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$113,983PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$127,864CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$109,047CYTotalFundraisingExpenseAmt
PY Other Expenses$612,958PYOtherExpensesAmt
CY Other Expenses$685,372CYOtherExpensesAmt
PY Total Expenses$4,041,862PYTotalExpensesAmt
CY Total Expenses$4,231,233CYTotalExpensesAmt
PY Revenues Less Expenses$5,712,873PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,667,033CYRevenuesLessExpensesAmt
Total Assets BOY$114,739,502TotalAssetsBOYAmt
Total Assets EOY$125,626,552TotalAssetsEOYAmt
Total Liabilities BOY$398,771TotalLiabilitiesBOYAmt
Total Liabilities EOY$396,026TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$114,340,731NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$125,230,526NetAssetsOrFundBalancesEOYAmt
Missionthe baef is engaged in fostering the higher education of deserving belgians and americans through its exchange fellowship programMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$3,066,808ExpenseAmt
Grant$2,956,182GrantAmt
Revenue$226,954RevenueAmt
DescGRADUATE FELLOWSHIP PROGRAM- FOR FISCAL YEAR ENDED AUGUST 31, 2017 THE FOUNDATION AWARDED A TOTAL OF 72 PAID FELLOWSHIPS CONSSISTING OF $2,195,000 IN STIPENDS AND $766,483.42 IN TUITION AND FEES FOR GRADUATE STUDY AND POSTDOCTORAL RESEARCH IN THE U.S AND BELGIUM.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$479,097ExpenseAmt
Grant$461,815GrantAmt
DescINSTITUTIONAL GRANTS, PRIZES AND AWARDSDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$3,545,905TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (1)MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryBEForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1R BROWNBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5163388700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line180 CROSSWAYS PK DR WAddressLine1Txt
CitywoodburyCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11797ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
DR maryan ainsworth
DIRECTOR0.00Yes (X)$0$0$0
Chevalier emile l boulpaep
chairman, pres. & director20.00Yes (X)$0$0$0Yes (X)
COMTE DIEGO DU MONCEAU DE BERGENDAL
DIRECTOR0.00Yes (X)$0$0$0
mrs susan friberg
DIRECTOR0.00Yes (X)$0$0$0
MR FILIP MOERMAN
DIRECTOR0.00Yes (X)$0$0$0
BARON DANIEL JANSSEN
DIRECTOR0.00Yes (X)$0$0$0
Lgilles sion esq
secretary, director0.00Yes (X)$0$0$0Yes (X)
dirk wauters
DIRECTOR0.00Yes (X)$0$0$0
PROFESSOR JACQUES WILLEMS
DIRECTOR0.00Yes (X)$0$0$0
prof dr marcel crochet
VICE-PRESIDENT, DIRECTOR0.00Yes (X)$0$0$0
william f moody
DIRECTOR0.00Yes (X)$0$0$0Yes (X)
margaret hoover
director0.00Yes (X)$0$0$0
mr olivier trouveroy
director,treasurer0.00Yes (X)$0$0$0Yes (X)
BARON FRANS VAN DAELE
DIRECTOR0.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
GRIFFIN ASSET MANAGEMENT
230 PARK AVENUE 1TH FL SUITE 61NEW YORKNY10169INVESTMENT ADVISORY SERVICES$390,875
SHALIK MORRIS & COMPANY LLP
80 CROSSWAYS PARK WESTWOODBURYNY11797ACCOUNTING SERVICES$155,423
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Government Grants$52,005GovernmentGrantsAmt
All Other Contributions$2,690,600AllOtherContributionsAmt
Total Contributions$2,742,605TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
Descfellowship repaymentsDesc
Business900099BusinessCd
Total Revenue Column$226,954TotalRevenueColumnAmt
Related Or Exempt Func Income$226,954RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$226,954TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,784,121TotalRevenueColumnAmt
Exclusion$2,784,121ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$11,536,354SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$9,482,573SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$2,053,781SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,053,781TotalRevenueColumnAmt
Exclusion$2,053,781ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
FOREIGN EXCHANGE GAINS900099$75,527$75,527
FRIENDS OF BAEF NET INCOME900099$14,965$14,965
MISCELLANEOUS900099$313$313
FieldValueIRS element (for citing)
Other Revenue Total$90,805OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,898,266TotalRevenueColumnAmt
Related Or Exempt Func Income$226,954RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$4,928,707ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$450,000TotalAmt
Program Services$450,000ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$2,693,455TotalAmt
Program Services$2,693,455ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$274,542TotalAmt
Program Services$274,542ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$119,747TotalAmt
Program Services$41,911ProgramServicesAmt
Management And General$39,517ManagementAndGeneralAmt
Fundraising$38,319FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$8,117TotalAmt
Program Services$2,841ProgramServicesAmt
Management And General$2,679ManagementAndGeneralAmt
Fundraising$2,597FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$156,436TotalAmt
Program Services$54,753ProgramServicesAmt
Management And General$51,624ManagementAndGeneralAmt
Fundraising$50,059FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$390,875TotalAmt
Management And General$390,875ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,687TotalAmt
Program Services$2,340ProgramServicesAmt
Management And General$2,207ManagementAndGeneralAmt
Fundraising$2,140FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$4,083TotalAmt
Program Services$1,429ProgramServicesAmt
Management And General$1,347ManagementAndGeneralAmt
Fundraising$1,307FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$17,098TotalAmt
Program Services$5,984ProgramServicesAmt
Management And General$5,642ManagementAndGeneralAmt
Fundraising$5,472FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$6,163TotalAmt
Program Services$2,157ProgramServicesAmt
Management And General$2,034ManagementAndGeneralAmt
Fundraising$1,972FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$6,378TotalAmt
Program Services$2,232ProgramServicesAmt
Management And General$2,105ManagementAndGeneralAmt
Fundraising$2,041FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,836TotalAmt
Program Services$2,393ProgramServicesAmt
Management And General$2,256ManagementAndGeneralAmt
Fundraising$2,187FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
CENTENNIAL ARCHIVAL RES$55,569$55,569
ANNUAL AUDIT$17,380$17,380
GRADUATE FELLOWSHIP EXP$8,637$8,637
telephone and internet$3,893$1,285$1,362$1,246

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$5,337TotalAmt
Program Services$1,869ProgramServicesAmt
Management And General$1,761ManagementAndGeneralAmt
Fundraising$1,707FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,231,233TotalAmt
Program Services$3,545,905ProgramServicesAmt
Management And General$576,281ManagementAndGeneralAmt
Fundraising$109,047FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$20,075BOYAmt
EOY$1,212,489EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,489,359BOYAmt
EOY$992,990EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$238,853BOYAmt
EOY$334,703EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$81,996LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$44,451LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$37,545BOYAmt
EOY$37,545EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$105,732,963BOYAmt
EOY$114,770,842EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$6,478,272BOYAmt
EOY$7,495,114EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$742,435BOYAmt
EOY$782,869EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$114,739,502BOYAmt
EOY$125,626,552EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$398,771BOYAmt
EOY$396,026EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$398,771BOYAmt
EOY$396,026EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$113,108,564BOYAmt
EOY$123,569,648EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,232,167BOYAmt
EOY$1,660,878EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$114,340,731BOYAmt
EOY$125,230,526EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$114,739,502BOYAmt
EOY$125,626,552EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$3,667,033ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$7,222,763NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$1OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,993,348CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,484,846CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,386,626CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,093,579CurrentTaxYearMinus1YearAmt
Current Tax Year$2,742,605CurrentTaxYearAmt
Total$12,701,004TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,993,348CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,484,846CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,386,626CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,093,579CurrentTaxYearMinus1YearAmt
Current Tax Year$2,742,605CurrentTaxYearAmt
Total$12,701,004TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$599,497SubstantialContributorsTotAmt
Public Support Total170$12,101,507PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,785,377CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,152,345CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,339,603CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,628,090CurrentTaxYearMinus1YearAmt
Current Tax Year$2,784,121CurrentTaxYearAmt
Total$11,689,536TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$391,838CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$274,943CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$301,395CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$224,290CurrentTaxYearMinus1YearAmt
Current Tax Year$317,446CurrentTaxYearAmt
Total$1,509,912TotalAmt
FieldValueIRS element (for citing)
Total Support$25,900,452TotalSupportAmt
Public Support CY1700.46720PublicSupportCY170Pct
Public Support PY1700.33350PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$250,000AssetsIncludedAmt
FieldValueIRS element (for citing)
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$11,362,733BeginningYearBalanceAmt
Contributions$59,990ContributionsAmt
Investment Earnings Or Losses$1,182,855InvestmentEarningsOrLossesAmt
Grants Or Scholarships$372,150GrantsOrScholarshipsAmt
End Year Balance$12,233,428EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$10,381,318BeginningYearBalanceAmt
Contributions$106,720ContributionsAmt
Investment Earnings Or Losses$1,208,385InvestmentEarningsOrLossesAmt
Grants Or Scholarships$333,240GrantsOrScholarshipsAmt
End Year Balance$11,362,733EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,700,591BeginningYearBalanceAmt
Contributions$3,151,060ContributionsAmt
Investment Earnings Or Losses-$167,875InvestmentEarningsOrLossesAmt
Grants Or Scholarships$302,460GrantsOrScholarshipsAmt
End Year Balance$10,381,318EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$6,072,127BeginningYearBalanceAmt
Contributions$863,926ContributionsAmt
Investment Earnings Or Losses$995,833InvestmentEarningsOrLossesAmt
Grants Or Scholarships$231,295GrantsOrScholarshipsAmt
End Year Balance$7,700,591EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,582,902BeginningYearBalanceAmt
Contributions$1,114,650ContributionsAmt
Investment Earnings Or Losses$515,110InvestmentEarningsOrLossesAmt
Grants Or Scholarships$140,535GrantsOrScholarshipsAmt
End Year Balance$6,072,127EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$37,545OtherCostOrOtherBasisAmt
Book Value$37,545BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$44,451OtherCostOrOtherBasisAmt
Depreciation$44,451DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$37,545TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
BERKSHIRE HATHAWAY$7,329,150F
FRIENDS OF BAEF FUND @ KBF$165,964F
FieldValueIRS element (for citing)
Total Book Value Securities$7,495,114TotalBookValueSecuritiesAmt
Total Rev Etc Audited Fincl Stmt$14,730,153TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$7,222,763NetUnrealizedGainsInvstAmt
Other Revenue-$390,875OtherRevenueAmt
Revenue Not Reported$6,831,888RevenueNotReportedAmt
Revenue Subtotal$7,898,265RevenueSubtotalAmt
Other Revenues Not Included$1OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$7,898,266TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,840,358TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$3,840,358ExpensesSubtotalAmt
Investment Expenses Not Incld2$390,875InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$390,875ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,231,233TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 -390,875.
Part XI, Line 4b - Other Adjustments:ROUNDING ADJUSTMENT 1.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionBELGIUMRegionTxt
Offices1OfficesCnt
Employee1EmployeeCnt
Type Of Activities ConductedAdministration of the fellowship program, fundraising and logistic support FOR FELLOWSTypeOfActivitiesConductedTxt
Region Total Expenditures$167,607RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices1SubtotalOfficesCnt
Subtotal Employees1SubtotalEmployeesCnt
Continutation Total Office0ContinutationTotalOfficeCnt
Continutation Total Employee0ContinutationTotalEmployeeCnt
Total Office1TotalOfficeCnt
Total Employee1TotalEmployeeCnt
Subtotal Spent$167,607SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$167,607TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (2 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
FELLOWSHIPSBELGIUM9$262,727CHECKS
ALUMNI AWARDBELGIUM1$11,815WIRE TRANSFER
FieldValueIRS element (for citing)
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
77 MASSACHUSETTS AVENUECAMBRIDGEMA02139$200,000DONATION-MARY ROWE FUND FOR CONFLICT RESOLUTION
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
77 MASSACHUSETTS AVENUECAMBRIDGEMA02139$200,000DONATION-MARY ROW FUND FOR CONFLICT RESOLUTION
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
77 MASSACHUSETTS AVENUECAMBRIDGEMA02139$50,000DONATION-MARTIN TRUST CENTER FOR MIT ENTREPRENEURSHIP
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypefellowshipsGrantTypeTxt
Recipient62RecipientCnt
Non Cash Assistance$2,693,454NonCashAssistanceAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I LINE 2ALL BAEF FELLOWS COMING TO THE U.S. FOR STUDY OR DOCTORAL RESEARCH RECEIVE THEIR VISA APPROVAL THROUGH THEIR HOST INSTITUTIONS. THE BAEF OFFICE IN NEW HAVEN MONITORS THE FELLOWS THROUGH STIPEND CHECK PAYMENTS TO THE FELLOWS AND TUITION AND FEES 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 IIIFELLOWSHIP PRGRAM IN THE U.S. INCLUDED 22 GRADUATE STUDENTS ENROLLED IN A DEGREE PROGRAM AT VARIOUS U.S. UNIVERSITIES TOTALLING $296,000 IN STIPEND PAYMENTS AND $730,955 IN TUITION AND FEES. THE FOUNDATION ALSO FUNDED RESEARCH FELLOWSHIPS IN THE U.S FOR 40 INDIVDUALS TOTALLING $1,666,500 IN STIPENDS AND HEALTH INSURANCE FEES.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 6at 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. A 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 7aREPORTS 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 7bDECISIONS 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 11b990 is reviewed and approved by president and chairman before filing.
Form 990, Part VI, Section B, line 12cthe 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 15bannual 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 18foundation center website
Form 990, Part VI, Section C, line 19upon request
Form 990, Part XI, line 9:rounding adjustment -1.
form 990 part xii line 2cdraft 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.

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