BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC (EIN 13-1606002)
- Tax period
- 2010-09-01 to 2011-08-31
- Filed
- 2012-06-27
- IRS object ID
- 201241799349300629
- Schema version
- 2010v3.4
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-06-27T14:02:41-05:00 | Timestamp |
| Tax Period End Date | 2011-08-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHALIK MORRIS & COMPANY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7001 BRUSH HOLLOW ROAD | AddressLine1 |
| City | WESTBURY | City |
| State | NY | State |
| ZIP Code | 11590 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-09-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131606002 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BELGIAN AMERICAN EDUCATIONAL FDNTN INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BELG | NameControl |
| Phone | 2037775765 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 195 CHURCH STREET | AddressLine1 |
| City | NEW HAVEN | City |
| State | CT | State |
| ZIP Code | 06510 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DR EMILE L BOULPAEP | Name |
| Title | PRES & CHAIRMAN | Title |
| Phone | 2034854055 | Phone |
| Date Signed | 2012-06-21 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD BROWN | Name |
| Phone | 5163388700 | Phone |
| Date Prepared | 2012-06-21 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DR EMILE L BOULPAEP | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 96 POND MEADOW ROAD | AddressLine1 |
| City | KILLINGWOTH | City |
| State | CT | State |
| ZIP Code | 06419 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 16784309 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.BAEF.BE | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1920 | YearFormation |
| State Legal Domicile | DE | StateLegalDomicile |
| Activity Or Mission Description | GRADUATE & POSTGRADUATE EXCHANGE FELLOWSHIP PROGRAM BETWEEN THE UNITED STATES AND BELGIUM. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 15 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 15 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1347376 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1487482 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 389466 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 366541 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3394609 | InvestmentIncomePriorYear |
| Investment Income Current Year | 5650199 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 39288 | OtherRevenuePriorYear |
| Other Revenue Current Year | 24097 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 5170739 | TotalRevenuePriorYear |
| Total Revenue Current Year | 7528319 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2162959 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2440163 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 82942 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 87060 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 104068 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 393253 | OtherExpensePriorYear |
| Other Expenses Current Year | 494143 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2639154 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3021366 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2531585 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4506953 | RevenuesLessExpensesCY |
| Total Assets BOY | 65047216 | TotalAssetsBOY |
| Total Assets EOY | 71360206 | TotalAssetsEOY |
| Total Liabilities BOY | 149093 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 200448 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 64898123 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 71159758 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE BAEF IS ENGAGED IN FOSTERING THE HIGHER EDUCATION OF DESERVING BELGIANS AND AMERICAN THROUGH IT'S EXCHANGE FELLOWSHIP PROGRAM | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2127779 | Expense |
| Grants | 2027990 | Grants |
| Revenue | 3497284 | Revenue |
| Description | GRADUATE FELLOWSHIP PROGRAM | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 424007 | Expense |
| Grants | 405000 | Grants |
| Revenue | 1001332 | Revenue |
| Description | INSTITUTIONAL GRANTS | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 7173 | Expense |
| Grants | 7173 | Grants |
| Revenue | 0 | Revenue |
| Description | PRIZES AND AWARDS | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 2558959 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 1 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 3 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | BE | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 15 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 15 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CT | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD B BROWN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5163388700 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7001 BRUSH HOLLOW ROAD | AddressLine1 |
| City | WESTBURY | City |
| State | NY | State |
| ZIP Code | 11590 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (15 entries)
| TitleTitle | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|
| DR MARYAN AINSWORTH | |||||
| DIRECTOR | X | 0 | 0 | 0 | |
| CHEVALIER EMILE L BOULPAEP | |||||
| CHAIRMAN, PRES. & DIRECTOR | X | 0 | 0 | 0 | X |
| MR JACQUES DE GROOTE | |||||
| DIRECTOR | X | 0 | 0 | 0 | |
| COMTE DIEGO DU MONCEAU DE BERGENDAL | |||||
| DIRECTOR | X | 0 | 0 | 0 | |
| MRS SUSAN FRIBERG | |||||
| DIRECTOR | X | 0 | 0 | 0 | |
| MR JOHN HF HASKELL JR | |||||
| DIRECTOR | X | 0 | 0 | 0 | |
| MR ANDRE JACQUES | |||||
| DIRECTOR | X | 0 | 0 | 0 | |
| BARON DANIEL JANSSEN | |||||
| DIRECTOR | X | 0 | 0 | 0 | |
| LGILLES SION ESQ | |||||
| SECRETARY, DIRECTOR | X | 0 | 0 | 0 | X |
| DIRK WAUTERS | |||||
| DIRECTOR | X | 0 | 0 | 0 | |
| PROFESSOR JACQUES WILLEMS | |||||
| DIRECTOR | X | 0 | 0 | 0 | |
| PROF DR MARCEL CROCHET | |||||
| DIRECTOR | X | 0 | 0 | 0 | |
| WILLIAM F MOODY | |||||
| VICE-PRESIDENT,DIRECTOR | X | 0 | 0 | 0 | X |
| MARGARET HOOVER | |||||
| DIRECTOR | X | 0 | 0 | 0 | |
| MR OLIVIER TROUVEROY | |||||
| DIRECTOR,TREASURER | X | 0 | 0 | 0 | X |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| GRIFFIN ASSET MANAGEMENT | |||||
| 330 MADISON AVENUE | NEW YORK | NY | 10017 | INVESTMENT ADVISORY SERVICES | 251018 |
| SHALIK MORRIS & COMPANY LLP | |||||
| 7001 BRUSH HOLLOW ROAD | WESTBURY | NY | 11590 | ACCOUNTING AND TAX SERVICES | 141500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Related Organizations | 1205717 | RelatedOrganizations |
| Government Grants | 36726 | GovernmentGrants |
| All Other Contributions | 245039 | AllOtherContributions |
| Total Contributions | 1487482 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | FELLOWSHIP REPAYMENTS | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 366541 | TotalRevenueColumn |
| Related Or Exempt Function Income | 366541 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 366541 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1542221 | TotalRevenueColumn |
| Exclusion | $1,542,221 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 13363968 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9255990 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4107978 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4107978 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4107978 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| FRIENDS OF BAEF NET IN | 900099 | 12958 | 12958 |
| RESULTS OF FOREIGN EXC | 900099 | 10910 | 10910 |
| MISCELLANEOUS | 900099 | 229 | 229 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 24097 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7528319 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4498616 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,542,221 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2027990 | Total |
| Program Services | 2027990 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 412173 | Total |
| Program Services | 412173 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70017 | Total |
| Program Services | 24506 | ProgramServices |
| Management And General | 23106 | ManagementAndGeneral |
| Fundraising | 22405 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17043 | Total |
| Program Services | 5965 | ProgramServices |
| Management And General | 5624 | ManagementAndGeneral |
| Fundraising | 5454 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 142591 | Total |
| Program Services | 49907 | ProgramServices |
| Management And General | 47055 | ManagementAndGeneral |
| Fundraising | 45629 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 251018 | Total |
| Management And General | 251018 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5143 | Total |
| Program Services | 1800 | ProgramServices |
| Management And General | 1697 | ManagementAndGeneral |
| Fundraising | 1646 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21354 | Total |
| Program Services | 7474 | ProgramServices |
| Management And General | 7047 | ManagementAndGeneral |
| Fundraising | 6833 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18448 | Total |
| Program Services | 6457 | ProgramServices |
| Management And General | 6088 | ManagementAndGeneral |
| Fundraising | 5903 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3787 | Total |
| Program Services | 1325 | ProgramServices |
| Management And General | 1250 | ManagementAndGeneral |
| Fundraising | 1212 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6977 | Total |
| Program Services | 2442 | ProgramServices |
| Management And General | 2302 | ManagementAndGeneral |
| Fundraising | 2233 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6865 | Total |
| Program Services | 2403 | ProgramServices |
| Management And General | 2265 | ManagementAndGeneral |
| Fundraising | 2197 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 535 | Total |
| Program Services | 187 | ProgramServices |
| Management And General | 177 | ManagementAndGeneral |
| Fundraising | 171 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| ANNUAL AUDIT | 11331 | 3966 | 3739 | 3626 |
| TELEPHONE AND INTERNET | 9840 | 3444 | 3247 | 3149 |
| GRADUATE FELLOWSHIP EXP | 4972 | 4972 | ||
| SPECIAL EVENTS | 4681 | 1638 | 1545 | 1498 |
| BANK CHARGES AND FEES | 2250 | 787 | 743 | 720 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4351 | Total |
| Program Services | 1523 | ProgramServices |
| Management And General | 1436 | ManagementAndGeneral |
| Fundraising | 1392 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3021366 | Total |
| Program Services | 2558959 | ProgramServices |
| Management And General | 358339 | ManagementAndGeneral |
| Fundraising | 104068 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58639 | BOY |
| EOY | 120844 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 790564 | BOY |
| EOY | 856130 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 221162 | BOY |
| EOY | 137343 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 331996 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 27666 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 311195 | BOY |
| EOY | 304330 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50545455 | BOY |
| EOY | 56941334 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12859568 | BOY |
| EOY | 12739911 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 260633 | BOY |
| EOY | 260314 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65047216 | BOY |
| EOY | 71360206 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 149093 | BOY |
| EOY | 200448 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 149093 | BOY |
| EOY | 200448 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 63718027 | BOY |
| EOY | 70168538 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1180096 | BOY |
| EOY | 991220 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 64898123 | BOY |
| EOY | 71159758 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65047216 | BOY |
| EOY | 71360206 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 4506953 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 1754682 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2104728 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2468115 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1960997 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1347376 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1487482 | CurrentTaxYear |
| Total | 9368698 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2104728 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2468115 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1960997 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1347376 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1487482 | CurrentTaxYear |
| Total | 9368698 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 3819949 | AmountsSubstContributorsTotal |
| Public Support Total170 | 5548749 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1990177 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1854832 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1404332 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1383289 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1542221 | CurrentTaxYear |
| Total | 8174851 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 17543549 | TotalSupport |
| Gross Receipts From Admissions Etc | 2205870 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.31630 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.35460 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests PY170 | X | ThirtyThreePercntTestsPY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Funds Held | 7 | NumberFundsHeld |
| Contrib To Funds And Other Accounts | 20000 | ContribToFundsAndOtherAccounts |
| Grants Funds And Other Accounts | 116470 | GrantsFundsAndOtherAccounts |
| Aggregate Fund Value | 4000335 | AggregateFundValue |
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 250000 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3680547 | BeginningOfYearBalance |
| Contributions | 20000 | Contributions |
| Investment Earnings Or Losses | 416260 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 116470 | GrantsOrScholarships |
| End Of Year Balance | 4000337 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3308492 | BeginningOfYearBalance |
| Contributions | 20000 | Contributions |
| Investment Earnings Or Losses | 89980 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 147695 | GrantsOrScholarships |
| End Of Year Balance | 3680547 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3288492 | BeginningOfYearBalance |
| Contributions | 20000 | Contributions |
| Investment Earnings Or Losses | -276560 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 196520 | GrantsOrScholarships |
| End Of Year Balance | 3718262 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.04700 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.00000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 37544 | OtherCostOrOtherBasis |
| Book Value | 37544 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 44452 | OtherCostOrOtherBasis |
| Depreciation | 27666 | Depreciation |
| Book Value | 16786 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 250000 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 250000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 304330 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| 41 SHARES BERKSHIRE HATHAWAY (BRK-A) | 4500529 | F |
| 57,000 SHARES PROCTER & GAMBLE (PG) | 3629760 | F |
| 60,000 SHARES EXXON MOBIL (XOM) | 4441200 | F |
| FRIENDS OF BAEF FUND @ KBF | 168422 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 12739911 | TotalOfBookValueSecurities |
| Total Revenue | 7528319 | TotalRevenue |
| Total Expenses | 3021366 | TotalExpenses |
| Excess Or Deficit For Year | 4506953 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 1754682 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 1754682 | TotalAdjustments |
| Excess Or Deficit Per FS | 6261635 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 9209949 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1754682 | NetUnrealizedGainsInvestments |
| Other Revenues | -251018 | OtherRevenues |
| Revenue Not Rptd F990 | 1503664 | RevenueNotRptdF990 |
| Revenue Subtotal | 7706285 | RevenueSubtotal |
| Other Revenues Not Included | -177966 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -177966 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 7528319 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2759438 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | -10910 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -10910 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2770348 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 251018 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 251018 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3021366 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | INVESTMENT ADVISORY FEES -251,018. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | NET DECREASE IN TEMPORARILY RESTRICTED NET ASSETS -188,876. RESULTS OF FOREIGN EXCHANGE 10,910. |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | RESULTS OF FOREIGN ECHANGE -10,910. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 1 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | BELGIUM | Region |
| Number Of Offices | 1 | NumberOfOffices |
| Number Of Employees | 1 | NumberOfEmployees |
| Type Of Activities Conducted | ADMINISTRATION OF THE FELLOWSHIP PROGRAM, FUNDRAISING AND LOGISTIC SUPPORT FOR FELLOWS | TypeOfActivitiesConducted |
| Total Expenditures | 153621 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 1 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 1 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 1 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 153621 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 153621 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (2 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|---|
| FELLOWSHIPS | BELGIUM | 8 | 170155 | CHECKS |
| ALUMNI AWARD | BELGIUM | 1 | 7173 | WIRE TRANSFER |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: | SCHEDULE F, 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. |
| METHOD USED TO ACCCOUNT FOR EXPENDITURES: | SCHEDULE F, 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | FELLOWSHIPS | TypeOfGrant |
| Number Of Recipients | 52 | NumberOfRecipients |
| Amount Of Cash Grant | 1857835 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: FELLOWSHIP PROGRAM CONTAINS STIPENDS TO 23 GRADUATE STUDENTS ENROLLED IN A DEGREE PROGRAMS AT VARIOUS US UNIVERSITIES TOTALLING $240,000 AND TUITION PAYMENTS TOTALLING $720,102. THE FOUNDATION ALSO FUNDS RESEARCH FELLOWSHIPS IN THE US FOR 29 INDIVIDUALS TOTALLING $897,733 IN STIPENDS AND HEALTH INSURANCE PREMIUMS. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|
| CHEVALIER EMILE L BOULPAEP MD | ||
| BOARD MEMBER OF SUPPORTING DONOR ENTITIES | DONATIONS FOR EPONYMOUS FELLOWSHIPS FROM: UNIVERSITAS LTD, HOOVER FOUNDATION BRUSSELS,FRANCQUI FOUNDATION,HOOVER FOUNDATION LOUVAIN/LEUVEN, KING BAUDOUIN FOUNDATION | 0 |
| BARON DANIEL JANSSEN | ||
| BOARD MEMBER OF SUPPORTING DONOR ENTITIES | DONATIONS FOR EPONYMOUS FELLOWSHIPS FROM: UNIVERSITAS LTD, HOOVER FOUNDATION BRUSSELS,FRANCQUI FOUNDATION | 0 |
| ANDRE JACQUES | ||
| BOARD MEMBER OF SUPPORTING DONOR ENTITIES | DONATIONS FOR EPONYMOUS FELLOWSHIPS FROM: UNIVERSITAS LTD, HOOVER FOUNDATION BRUSSELS | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | AT THE ANNUAL MEETING OF THE MEMBERS A SLATE OF NAMES ARE PRESENTED TO THE MEMBERS FOR POSITIONS ON THE BOARD OF DIRECTORS FOR A TERM OF 3 YEARS. THIS SLATE IS THEN VOTED ON AND APPROVED BY THE MEMBERS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | REPORTS OF ALL ACTIVITIES OF ORGANIZATION'S COMMITTEES ARE DISCLOSED AND APPROVED AT THE ANNUAL MEETING OF MEMBERS IN JANUARY | |
| FORM 990, PART VI, SECTION A, LINE 7B | DECISIONS OF THE GOVERNING BODY, BAEF BOARD OF DIRECTORS, ARE DISCLOSED OF AND APPROVED AT THE ANNUAL MEETING OF THE MEMBERS IN JANUARY. | |
| FORM 990, PART VI, SECTION B, LINE 11 | 990 IS REVIEWED AND APPROVED BY PRESIDENT AND CHAIRMAN BEFORE FILING. | |
| THE BOARD OF DIRECTORS MEET FOUR TIMES ANNUALLY AT WHICH TIME ANY MATTERS AFFECTING CONFLICTS OF INTEREST ARE DISCLOSED AND DISCUSSED. | FORM 990, PART VI, SECTION B, LINE 12C | |
| ANNUAL FISCAL BUDGET FOR PERIOD SEPTEMBER-AUGUST IS PRESENTED TO THE BOARD OF DIRECTORS AT THEIR OCTOBER MEETING FOR APPROVAL. | FORM 990, PART VI, SECTION B, LINE 15A | |
| FOUNDATION CENTER WEBSITE | FORM 990, PART VI, SECTION C, LINE 18 | |
| UPON REQUEST | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 1,754,682. | FORM 990, PART XI, LINE 5: |
| REVIEW AND OVERSIGHT OF ANNUAL CERTIFIED AUDIT | DRAFT OF AUDIT IS REVIEWED BY PRESIDENT AND TREASURER. AT ANNUAL MEETING TREASURER PRESENTS THE AUDIT AND AFTER DISCUSSION, APPROVAL OF REPORT AND SELECTION OF AUDITORS FOR SUBSEQUENT FISCAL YEAR IS PROPOSED AND APPROVED BY THE MEMBERS. | FORM 990 PART XII LINE 2C |
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