BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC (EIN 13-1606002)
Tax period
2013-09-01 to 2014-08-31
Filed
2015-05-26
IRS object ID
201511469349300271
Schema version
2013v4.0
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)
Return2015-05-26T10:52:09-05:00ReturnTs
Tax Period End2014-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN112973036PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SHALIK MORRIS & COMPANY LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line180 CROSSWAYS PARK DRIVE WESTAddressLine1
CityWOODBURYCity
StateNYState
ZIP Code11797ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN131606002EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BELGIAN AMERICAN EDUCATIONAL FDNTN INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlBELGBusinessNameControlTxt
Phone2037775765PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1195 CHURCH STREETAddressLine1
CityNEW HAVENCity
StateCTState
ZIP Code06510ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDR EMILE L BOULPAEPPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2034854055PhoneNum
Signature2015-05-26SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRICHARD BROWNPreparerPersonNm
PTINP01219038PTIN
Phone5163388700PhoneNum
Preparation2015-05-26PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDR EMILE L BOULPAEPPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line196 POND MEADOW ROADAddressLine1
CityKILLINGWORTHCity
StateCTState
ZIP Code06419ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$14,517,033GrossReceiptsAmt
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 Volunteers1TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,622,820PYContributionsGrantsAmt
CY Contributions Grants$2,231,305CYContributionsGrantsAmt
PY Program Service Revenue$370,528PYProgramServiceRevenueAmt
CY Program Service Revenue$253,541CYProgramServiceRevenueAmt
PY Investment Income$4,584,216PYInvestmentIncomeAmt
CY Investment Income$5,003,400CYInvestmentIncomeAmt
PY Other Revenue$42,666PYOtherRevenueAmt
CY Other Revenue$21,402CYOtherRevenueAmt
PY Total Revenue$7,620,230PYTotalRevenueAmt
CY Total Revenue$7,509,648CYTotalRevenueAmt
PY Grants And Similar Paid$3,058,161PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,546,680CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$82,252PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$84,463CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$110,016CYTotalFundraisingExpenseAmt
PY Other Expenses$535,451PYOtherExpensesAmt
CY Other Expenses$630,846CYOtherExpensesAmt
PY Total Expenses$3,675,864PYTotalExpensesAmt
CY Total Expenses$3,261,989CYTotalExpensesAmt
PY Revenues Less Expenses$3,944,366PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$4,247,659CYRevenuesLessExpensesAmt
Total Assets BOY$90,598,179TotalAssetsBOYAmt
Total Assets EOY$104,599,117TotalAssetsEOYAmt
Total Liabilities BOY$250,389TotalLiabilitiesBOYAmt
Total Liabilities EOY$259,793TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$90,347,790NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$104,339,324NetAssetsOrFundBalancesEOYAmt
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$2,664,894ExpenseAmt
Grant$2,529,145GrantAmt
DescGRADUATE FELLOWSHIP PROGRAMDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$18,483ExpenseAmt
Grant$17,535GrantAmt
DescINSTITUTIONAL GRANTS, PRIZES AND AWARDSDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$2,683,377TotalProgramServiceExpensesAmt
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 Document2IRPDocumentCnt
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 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 Line1RICHARD B BROWNBusinessNameLine1
FieldValueIRS element (for citing)
Phone5163388700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line180 CROSSWAYS PARK DRIVE WESTAddressLine1
CityWOODBURYCity
StateNYState
ZIP Code11797ZIPCode
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/AddressLine1CityContractorAddress/USAddress/CityStateContractorAddress/USAddress/StateZIP CodeContractorAddress/USAddress/ZIPCodeServicesServicesDescCompensationCompensationAmt
GRIFFIN ASSET MANAGEMENT
60 EAST 42ND STREETNEW YORKNY10165INVESTMENT ADVISORY SERVICES$342,141
SHALIK MORRIS & COMPANY LLP
80 CROSSWAYS PARK DRIVE WESTWOODBURYNY11747ACCOUNTING AND TAX SERVICES$164,865
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Related Organizations$1,999,159RelatedOrganizationsAmt
Government Grants$192,699GovernmentGrantsAmt
All Other Contributions$39,447AllOtherContributionsAmt
Total Contributions$2,231,305TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFELLOWSHIP REPAYMENTSDesc
Business900099BusinessCd
Total Revenue Column$253,541TotalRevenueColumnAmt
Related Or Exempt Func Income$253,541RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$253,541TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,152,345TotalRevenueColumnAmt
Exclusion$2,152,345ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$9,858,440SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$7,007,385SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$2,851,055SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,851,055TotalRevenueColumnAmt
Related Or Exempt Func Income$2,851,055RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FRIENDS OF BAEF NET INCOME900099$20,954$20,954
MISCELLANEOUS900099$448$448
FieldValueIRS element (for citing)
Other Revenue Total$21,402OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,509,648TotalRevenueColumnAmt
Related Or Exempt Func Income$3,125,998RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,152,345ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$2,529,145TotalAmt
Program Services$2,529,145ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$17,535TotalAmt
Program Services$17,535ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$71,439TotalAmt
Program Services$25,004ProgramServicesAmt
Management And General$23,575ManagementAndGeneralAmt
Fundraising$22,860FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$13,024TotalAmt
Program Services$4,558ProgramServicesAmt
Management And General$4,298ManagementAndGeneralAmt
Fundraising$4,168FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$166,081TotalAmt
Program Services$58,128ProgramServicesAmt
Management And General$54,807ManagementAndGeneralAmt
Fundraising$53,146FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$342,141TotalAmt
Management And General$342,141ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$4,889TotalAmt
Program Services$1,711ProgramServicesAmt
Management And General$1,614ManagementAndGeneralAmt
Fundraising$1,564FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$8,446TotalAmt
Program Services$2,956ProgramServicesAmt
Management And General$2,787ManagementAndGeneralAmt
Fundraising$2,703FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$18,931TotalAmt
Program Services$6,626ProgramServicesAmt
Management And General$6,247ManagementAndGeneralAmt
Fundraising$6,058FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,585TotalAmt
Program Services$1,605ProgramServicesAmt
Management And General$1,513ManagementAndGeneralAmt
Fundraising$1,467FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$4,213TotalAmt
Program Services$1,475ProgramServicesAmt
Management And General$1,390ManagementAndGeneralAmt
Fundraising$1,348FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$3,359TotalAmt
Program Services$1,176ProgramServicesAmt
Management And General$1,108ManagementAndGeneralAmt
Fundraising$1,075FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$535TotalAmt
Program Services$187ProgramServicesAmt
Management And General$177ManagementAndGeneralAmt
Fundraising$171FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
RESULTS OF FOREIGN EXCH$32,629$11,420$10,768$10,441
GRADUATE FELLOWSHIP EXP$16,366$16,366
ANNUAL AUDIT$13,000$13,000
TELEPHONE AND INTERNET$9,413$3,295$3,106$3,012

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$6,258TotalAmt
Program Services$2,190ProgramServicesAmt
Management And General$2,065ManagementAndGeneralAmt
Fundraising$2,003FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,261,989TotalAmt
Program Services$2,683,377ProgramServicesAmt
Management And General$468,596ManagementAndGeneralAmt
Fundraising$110,016FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$146,492BOYAmt
EOY$19,057EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,490,818BOYAmt
EOY$1,644,246EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$269,365BOYAmt
EOY$190,984EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$331,996LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$44,274LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$291,081BOYAmt
EOY$287,722EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$82,468,067BOYAmt
EOY$95,285,132EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$5,561,646BOYAmt
EOY$6,747,187EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$370,710BOYAmt
EOY$424,789EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$90,598,179BOYAmt
EOY$104,599,117EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$250,389BOYAmt
EOY$259,793EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$250,389BOYAmt
EOY$259,793EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$88,867,544BOYAmt
EOY$103,010,599EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,480,246BOYAmt
EOY$1,328,725EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$90,347,790BOYAmt
EOY$104,339,324EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$90,598,179BOYAmt
EOY$104,599,117EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$4,247,659ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$9,743,875NetUnrlzdGainsLossesInvstAmt
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 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$1,736,842CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,854,023CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,445,267CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,993,348CurrentTaxYearMinus1YearAmt
Current Tax Year$2,484,846CurrentTaxYearAmt
Total$11,514,326TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,736,842CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,854,023CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,445,267CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,993,348CurrentTaxYearMinus1YearAmt
Current Tax Year$2,484,846CurrentTaxYearAmt
Total$11,514,326TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,482,213SubstantialContributorsTotAmt
Public Support Total170$7,032,113PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,383,289CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,542,221CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,663,582CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,785,377CurrentTaxYearMinus1YearAmt
Current Tax Year$2,152,345CurrentTaxYearAmt
Total$8,526,814TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$253CurrentTaxYearAmt
Total$253TotalAmt
FieldValueIRS element (for citing)
Total Support$20,041,393TotalSupportAmt
Public Support CY1700.35090PublicSupportCY170Pct
Public Support PY1700.32690PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind
Facts And Circumstances TestTHE FOUNDATION ACTIVELY AND CONTINUALLY WORKS WITH MEMBERS, ALUMNI, CORPORATE SPONSORS AND EDUCATIONAL INSTITUTIONS IN BELGIUM AND THE US TO ATTRACT SUPPORT FOR ITS FELLOWSHIP PROGRAM.FactsAndCircumstancesTestTxt

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

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,308,492BeginningYearBalanceAmt
Contributions$20,000ContributionsAmt
Investment Earnings Or Losses$89,980InvestmentEarningsOrLossesAmt
Grants Or Scholarships$147,695GrantsOrScholarshipsAmt
End Year Balance$3,680,547EndYearBalanceAmt
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$37,544OtherCostOrOtherBasisAmt
Book Value$37,544BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$0OtherCostOrOtherBasisAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$250,000InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$44,452OtherCostOrOtherBasisAmt
Depreciation$44,274DepreciationAmt
Book Value$250,178BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$287,722TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
32 SHARES -BERKSHIRE HATHAWAY (BRK-A)$6,588,160F
FRIENDS OF BAEF FUND @ KBF$159,027F
FieldValueIRS element (for citing)
Total Book Value Securities$6,747,187TotalBookValueSecuritiesAmt
Total Rev Etc Audited Fincl Stmt$17,062,903TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$9,743,875NetUnrealizedGainsInvstAmt
Other Revenue-$342,141OtherRevenueAmt
Revenue Not Reported$9,401,734RevenueNotReportedAmt
Revenue Subtotal$7,661,169RevenueSubtotalAmt
Other Revenues Not Included-$151,521OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$151,521RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$7,509,648TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,919,848TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,919,848ExpensesSubtotalAmt
Investment Expenses Not Incld2$342,141InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$342,141ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,261,989TotalExpensesPerForm990Amt

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 -342,141.
PART XI, LINE 4B - OTHER ADJUSTMENTS:NET INCREASE IN TEMPORARILY RESTRICTED NET ASSETS -151,521.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionBELGIUMRegionTxt
Offices1OfficesCnt
Type Of Activities ConductedADMINISTRATION OF THE FELLOWSHIP PROGRAM, FUNDRAISING AND LOGISTIC SUPPORT FOR FELLOWSTypeOfActivitiesConductedTxt
FieldValueIRS element (for citing)
Subtotal Offices1SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continutation Total Office0ContinutationTotalOfficeCnt
Continutation Total Employee0ContinutationTotalEmployeeCnt
Total Office1TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$0SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$0TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (3 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
FELLOWSHIPSBELGIUM8$180,638CHECKS
ALUMNI AWARDBELGIUM1$6,655WIRE TRANSFER
KAREL VINCK AWARDBELGIUM1$10,010WIRE 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

FieldValueIRS element (for citing)
Grant TypeFELLOWSHIPSGrantTypeTxt
Recipient68RecipientCnt
Cash Grant$2,348,507CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationFELLOWSHIP PROGRAM CONTAINS STIPENDS TO 32 GRADUATE STUDENTS ENROLLED IN A DEGREE PROGRAMS AT VARIOUS US UNIVERSITIES TOTALLING $400,000 AND TUITION PAYMENTS TOTALLING $889,729 THE FOUNDATION ALSO FUNDS RESEARCH FELLOWSHIPS IN THE US FOR 36 INDIVIDUALS TOTALLING $1,058,778 IN STIPENDS AND HEALTH INSURANCE PREMIUMS.ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
CHEVALIER EMILE L BOULPAEP MD
BOARD MEMBER OF SUPPORTING DONOR ENTITIESDONATIONS FOR EPONYMOUS FELLOWSHIPS FROM: UNIVERSITAS LTD, HOOVER FOUNDATION BRUSSELS,FRANCQUI FOUNDATION,HOOVER FOUNDATION LOUVAIN/LEUVEN, KING BAUDOUIN FOUNDATION0
BARON DANIEL JANSSEN
BOARD MEMBER OF SUPPORTING DONOR ENTITIESDONATIONS 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 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 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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