BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC (EIN 13-1606002)
Tax period
2014-09-01 to 2015-08-31
Filed
2016-05-25
IRS object ID
201631469349300033
Schema version
2014v6.0
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)
Return2016-05-25T14:16:09-05:00ReturnTs
Tax Period End2015-08-31TaxPeriodEndDt

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 Begin2014-09-01TaxPeriodBeginDt

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 STAddressLine1Txt
CityNEW HAVENCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06510ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDR EMILE L BOULPAEPPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2034854055PhoneNum
Signature2016-05-25SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRICHARD BROWNPreparerPersonNm
PTINP01219038PTIN
Phone5163388700PhoneNum
Preparation2016-05-25PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

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$15,974,033GrossReceiptsAmt
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 Volunteers12TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,231,305PYContributionsGrantsAmt
CY Contributions Grants$4,945,476CYContributionsGrantsAmt
PY Program Service Revenue$253,541PYProgramServiceRevenueAmt
CY Program Service Revenue$277,150CYProgramServiceRevenueAmt
PY Investment Income$5,003,400PYInvestmentIncomeAmt
CY Investment Income$5,976,209CYInvestmentIncomeAmt
PY Other Revenue$21,402PYOtherRevenueAmt
CY Other Revenue$24,245CYOtherRevenueAmt
PY Total Revenue$7,509,648PYTotalRevenueAmt
CY Total Revenue$11,223,080CYTotalRevenueAmt
PY Grants And Similar Paid$2,546,680PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,112,836CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$84,463PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$73,432CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$106,424CYTotalFundraisingExpenseAmt
PY Other Expenses$630,846PYOtherExpensesAmt
CY Other Expenses$645,900CYOtherExpensesAmt
PY Total Expenses$3,261,989PYTotalExpensesAmt
CY Total Expenses$3,832,168CYTotalExpensesAmt
PY Revenues Less Expenses$4,247,659PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$7,390,912CYRevenuesLessExpensesAmt
Total Assets BOY$104,599,117TotalAssetsBOYAmt
Total Assets EOY$104,188,882TotalAssetsEOYAmt
Total Liabilities BOY$259,793TotalLiabilitiesBOYAmt
Total Liabilities EOY$300,427TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$104,339,324NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$103,888,455NetAssetsOrFundBalancesEOYAmt
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$3,220,902ExpenseAmt
Grant$3,092,380GrantAmt
DescGRADUATE FELLOWSHIP PROGRAMDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$21,399ExpenseAmt
Grant$20,456GrantAmt
DescINSTITUTIONAL GRANTS, PRIZES AND AWARDSDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$3,242,301TotalProgramServiceExpensesAmt
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 Organizations0GrantsToOrganizationsInd
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 EntYes (1)BusinessRlnWithOfficerEntInd
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 Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
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
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 BodyYes (1)Form990ProvidedToGvrnBodyInd
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 Other0CompensationProcessOtherInd
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 Line1RICHARD B BROWNBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5163388700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line180 CROSSWAYS PK DR WESTAddressLine1Txt
CityWOODBURYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11797ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 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)
MR JACQUES DE GROOTE
DIRECTOR0.00Yes (X)$0$0$0
COMTE DIEGO DU MONCEAU DE BERGENDAL
DIRECTOR0.00Yes (X)$0$0$0
MRS SUSAN FRIBERG
DIRECTOR0.00Yes (X)$0$0$0
MR LUC COENE
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
DIRECTOR0.00Yes (X)$0$0$0
WILLIAM F MOODY
VICE-PRESIDENT,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)
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
60 EAST 42ND STREETNEW YORKNY10165INVESTMENT ADVISORY SERVICES$359,696
SHALIK MORRIS & COMPANY LLP
80 CROSSWAYS PARK DRIVE WESTWOODBURYNY11747ACCOUNTING AND TAX SERVICES$151,525
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Related Organizations$1,710,839RelatedOrganizationsAmt
Government Grants$77,274GovernmentGrantsAmt
All Other Contributions$3,157,363AllOtherContributionsAmt
Total Contributions$4,945,476TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFELLOWSHIP REPAYMENTSDesc
Business900099BusinessCd
Total Revenue Column$277,150TotalRevenueColumnAmt
Related Or Exempt Func Income$277,150RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$277,150TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,339,603TotalRevenueColumnAmt
Related Or Exempt Func Income$2,339,603RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$8,387,559SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$4,750,953SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$3,636,606SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,636,606TotalRevenueColumnAmt
Related Or Exempt Func Income$3,636,606RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FRIENDS OF BAEF NET INCOME900099$23,980$23,980
MISCELLANEOUS900099$265$265
FieldValueIRS element (for citing)
Other Revenue Total$24,245OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,223,080TotalRevenueColumnAmt
Related Or Exempt Func Income$6,277,604RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$2,906,639TotalAmt
Program Services$2,906,639ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$206,197TotalAmt
Program Services$206,197ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$63,832TotalAmt
Program Services$22,341ProgramServicesAmt
Management And General$21,065ManagementAndGeneralAmt
Fundraising$20,426FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$9,600TotalAmt
Program Services$3,360ProgramServicesAmt
Management And General$3,168ManagementAndGeneralAmt
Fundraising$3,072FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$152,609TotalAmt
Program Services$53,413ProgramServicesAmt
Management And General$50,361ManagementAndGeneralAmt
Fundraising$48,835FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$359,696TotalAmt
Management And General$359,696ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,834TotalAmt
Program Services$2,392ProgramServicesAmt
Management And General$2,255ManagementAndGeneralAmt
Fundraising$2,187FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,157TotalAmt
Program Services$1,105ProgramServicesAmt
Management And General$1,042ManagementAndGeneralAmt
Fundraising$1,010FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$17,678TotalAmt
Program Services$6,187ProgramServicesAmt
Management And General$5,834ManagementAndGeneralAmt
Fundraising$5,657FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$12,005TotalAmt
Program Services$4,202ProgramServicesAmt
Management And General$3,962ManagementAndGeneralAmt
Fundraising$3,841FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$6,135TotalAmt
Program Services$2,147ProgramServicesAmt
Management And General$2,025ManagementAndGeneralAmt
Fundraising$1,963FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$177TotalAmt
Program Services$62ProgramServicesAmt
Management And General$58ManagementAndGeneralAmt
Fundraising$57FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$555TotalAmt
Program Services$194ProgramServicesAmt
Management And General$183ManagementAndGeneralAmt
Fundraising$178FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
RESULTS OF FOREIGN EXCH$45,537$15,938$15,027$14,572
ANNUAL AUDIT$14,000$14,000
GRADUATE FELLOWSHIP EXP$13,068$13,068
TELEPHONE AND INTERNET$9,968$3,489$3,289$3,190

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,481TotalAmt
Program Services$1,567ProgramServicesAmt
Management And General$1,478ManagementAndGeneralAmt
Fundraising$1,436FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,832,168TotalAmt
Program Services$3,242,301ProgramServicesAmt
Management And General$483,443ManagementAndGeneralAmt
Fundraising$106,424FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$19,057BOYAmt
EOY$84,445EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,644,246BOYAmt
EOY$1,550,497EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$190,984BOYAmt
EOY$189,306EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$331,996LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$44,451LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$287,722BOYAmt
EOY$287,545EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$95,285,132BOYAmt
EOY$95,383,551EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$6,747,187BOYAmt
EOY$6,243,487EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$424,789BOYAmt
EOY$450,051EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$104,599,117BOYAmt
EOY$104,188,882EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$259,793BOYAmt
EOY$300,427EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$259,793BOYAmt
EOY$300,427EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$103,010,599BOYAmt
EOY$102,728,535EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,328,725BOYAmt
EOY$1,159,920EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$104,339,324BOYAmt
EOY$103,888,455EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$104,599,117BOYAmt
EOY$104,188,882EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$7,390,912ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$7,841,781NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
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$1,854,023CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,445,267CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,993,348CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,484,846CurrentTaxYearMinus1YearAmt
Current Tax Year$2,386,626CurrentTaxYearAmt
Total$12,164,110TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,854,023CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,445,267CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,993,348CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,484,846CurrentTaxYearMinus1YearAmt
Current Tax Year$2,386,626CurrentTaxYearAmt
Total$12,164,110TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$5,076,385SubstantialContributorsTotAmt
Public Support Total170$7,087,725PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,542,221CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,663,582CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,785,377CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,152,345CurrentTaxYearMinus1YearAmt
Current Tax Year$2,339,603CurrentTaxYearAmt
Total$9,483,128TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$253CurrentTaxYearMinus1YearAmt
Total$253TotalAmt
FieldValueIRS element (for citing)
Total Support$21,647,491TotalSupportAmt
Public Support CY1700.32740PublicSupportCY170Pct
Public Support PY1700.35090PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests PY170Yes (X)ThirtyThrPctSuprtTestsPY170Ind

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)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,700,591BeginningYearBalanceAmt
Contributions$3,354,560ContributionsAmt
Investment Earnings Or Losses-$167,873InvestmentEarningsOrLossesAmt
Grants Or Scholarships$505,960GrantsOrScholarshipsAmt
End Year Balance$10,381,318EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,000,337BeginningYearBalanceAmt
Contributions$110,000ContributionsAmt
Investment Earnings Or Losses$583,650InvestmentEarningsOrLossesAmt
Grants Or Scholarships$111,085GrantsOrScholarshipsAmt
End Year Balance$4,582,902EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,680,547BeginningYearBalanceAmt
Contributions$20,000ContributionsAmt
Investment Earnings Or Losses$416,260InvestmentEarningsOrLossesAmt
Grants Or Scholarships$116,470GrantsOrScholarshipsAmt
End Year Balance$4,000,337EndYearBalanceAmt
FieldValueIRS element (for citing)
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

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$250,000InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$44,451OtherCostOrOtherBasisAmt
Depreciation$44,451DepreciationAmt
Book Value$250,000BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$287,545TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
32 SHARES -BERKSHIRE HATHAWAY (BRK-A)$6,075,930F
FRIENDS OF BAEF FUND @ KBF$167,557F
FieldValueIRS element (for citing)
Total Book Value Securities$6,243,487TotalBookValueSecuritiesAmt
Total Rev Etc Audited Fincl Stmt$3,190,408TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$7,841,781NetUnrealizedGainsInvstAmt
Other Revenue-$359,696OtherRevenueAmt
Revenue Not Reported-$8,201,477RevenueNotReportedAmt
Revenue Subtotal$11,391,885RevenueSubtotalAmt
Other Revenues Not Included-$168,805OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$168,805RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$11,223,080TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,472,472TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$3,472,472ExpensesSubtotalAmt
Other Expenses Not Included$359,696OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$359,696ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,832,168TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 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 -359,696.
PART XI, LINE 4B - OTHER ADJUSTMENTS:NET INCREASE IN TEMPORARILY RESTRICTED NET ASSETS -168,805.
PART XII, LINE 4B - OTHER ADJUSTMENTS:INVESTMENT ADVISORY FEES 359,696.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionBELGIUMRegionTxt
Offices1OfficesCnt
Employee1EmployeeCnt
Type Of Activities ConductedADMINISTRATION OF THE FELLOWSHIP PROGRAM, FUNDRAISING AND LOGISTIC SUPPORT FTypeOfActivitiesConductedTxt
Region Total Expenditures$139,749RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices1SubtotalOfficesCnt
Subtotal Employees1SubtotalEmployeesCnt
Continutation Total Office0ContinutationTotalOfficeCnt
Continutation Total Employee0ContinutationTotalEmployeeCnt
Total Office1TotalOfficeCnt
Total Employee1TotalEmployeeCnt
Subtotal Spent$139,749SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$139,749TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (3 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
FELLOWSHIPSBELGIUM9$185,741CHECKS
ALUMNI AWARDBELGIUM1$11,214WIRE TRANSFER
KAREL VINCK AWARDBELGIUM1$9,242WIRE 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 GOVERMENT 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

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
FELLOWSHIPS68$2,866,639
SENIOR FELLOWSHIP1$40,000

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE FELLOWSHIP PROGRAM CONSISTS OF THE FOLLOWING: STIPENDS PAID TO 18 GRADUATE STUDENTS ENROLLED IN DEGREE PROGRAMS AT VARIOUS U.S.UNIVERSITIES TOTALLING $192,000 AND TUITION AND FEES TOTALLING $676,629 STIPENDS AND HEALTH INSURANCE PREMIUMS ARE PAID FOR 50 RESEARCH FELLOWS AT VARIOUS U.S. UNIVERSITIES AND RESEARCH CENTERS TOTALLING $1,998,010ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
CHEVALIER EMILE L BOULPAEP MD
BOARD MEMBER OF SUPPORTING DONOR ENTITIES$1,138,560DONATIONS FOR EPONYMOUS FELLOWSHIPS FROM: UNIVERSITAS LTD, HOOVER FOUNDATIO0
BARON DANIEL JANSSEN
BOARD MEMBER OF SUPPORTING DONOR ENTITIES$270,000DONATIONS FOR EPONYMOUS FELLOWSHIPS FROM: UNIVERSITAS LTD, HOOVER FOUNDATION, KING BAUDOUIN FOUNDATION FRIENDS OF BAEF FUND0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 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.
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 11990 IS REVIEWED AND APPROVED BY PRESIDENT AND CHAIRMAN BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE BOARD OF DIRECTORS MEET THREE TIMES ANNUALLY AT WHICH TIME ANY MATTERS AFFECTING CONFLICTS OF INTEREST ARE DISCLOSED AND DISCUSSED.
FORM 990, PART VI, SECTION B, LINE 15ANNUAL FISCAL 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 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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