2012-06-27T14:02:41-05:00 2011-08-31 SHALIK MORRIS & COMPANY LLP 7001 BRUSH HOLLOW ROAD WESTBURY NY 11590 990 2010-09-01 131606002 BELGIAN AMERICAN EDUCATIONAL FDNTN INC BELG 2037775765 195 CHURCH STREET NEW HAVEN CT 06510 DR EMILE L BOULPAEP 2034854055 2012-06-21 1 RICHARD BROWN 5163388700 2012-06-21 X 2010 2016-02-24 21:20:13Z DR EMILE L BOULPAEP 96 POND MEADOW ROAD KILLINGWOTH CT 06419 16784309 0 X WWW.BAEF.BE X 1920 DE GRADUATE & POSTGRADUATE EXCHANGE FELLOWSHIP PROGRAM BETWEEN THE UNITED STATES AND BELGIUM. 15 15 0 0 0 0 1347376 1487482 389466 366541 3394609 5650199 39288 24097 5170739 7528319 2162959 2440163 0 0 82942 87060 0 0 104068 393253 494143 2639154 3021366 2531585 4506953 65047216 71360206 149093 200448 64898123 71159758 THE BAEF IS ENGAGED IN FOSTERING THE HIGHER EDUCATION OF DESERVING BELGIANS AND AMERICAN THROUGH IT'S EXCHANGE FELLOWSHIP PROGRAM 0 0 2127779 2027990 3497284 GRADUATE FELLOWSHIP PROGRAM 424007 405000 1001332 INSTITUTIONAL GRANTS 7173 7173 0 PRIZES AND AWARDS 2558959 1 1 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 1 BE 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 0 0 1 0 0 CT X RICHARD B BROWN 5163388700 7001 BRUSH HOLLOW ROAD WESTBURY NY 11590 X DR MARYAN AINSWORTH X 0 0 0 CHEVALIER EMILE L BOULPAEP X X 0 0 0 MR JACQUES DE GROOTE X 0 0 0 COMTE DIEGO DU MONCEAU DE BERGENDAL X 0 0 0 MRS SUSAN FRIBERG X 0 0 0 MR JOHN HF HASKELL JR X 0 0 0 MR ANDRE JACQUES X 0 0 0 BARON DANIEL JANSSEN X 0 0 0 LGILLES SION ESQ X X 0 0 0 DIRK WAUTERS X 0 0 0 PROFESSOR JACQUES WILLEMS X 0 0 0 PROF DR MARCEL CROCHET X 0 0 0 WILLIAM F MOODY X X 0 0 0 MARGARET HOOVER X 0 0 0 MR OLIVIER TROUVEROY X X 0 0 0 0 0 0 0 0 0 0 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 2 1205717 36726 245039 1487482 FELLOWSHIP REPAYMENTS 900099 366541 366541 366541 1542221 1542221 13363968 9255990 4107978 4107978 4107978 FRIENDS OF BAEF NET IN 900099 12958 12958 RESULTS OF FOREIGN EXC 900099 10910 10910 MISCELLANEOUS 900099 229 229 24097 7528319 4498616 0 1542221 2027990 2027990 412173 412173 70017 24506 23106 22405 17043 5965 5624 5454 142591 49907 47055 45629 251018 251018 5143 1800 1697 1646 21354 7474 7047 6833 18448 6457 6088 5903 3787 1325 1250 1212 6977 2442 2302 2233 6865 2403 2265 2197 535 187 177 171 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 4351 1523 1436 1392 3021366 2558959 358339 104068 58639 120844 790564 856130 221162 137343 331996 27666 311195 304330 50545455 56941334 12859568 12739911 260633 260314 65047216 71360206 149093 200448 149093 200448 X 63718027 70168538 1180096 991220 64898123 71159758 65047216 71360206 X 4506953 1754682 X X 0 1 1 X 0 X 2104728 2468115 1960997 1347376 1487482 9368698 2104728 2468115 1960997 1347376 1487482 9368698 3819949 5548749 1990177 1854832 1404332 1383289 1542221 8174851 17543549 2205870 0.31630 0.35460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7 20000 116470 4000335 250000 0 3680547 20000 416260 116470 4000337 3308492 20000 89980 147695 3680547 3288492 20000 -276560 196520 3718262 0.04700 0.00000 0.00000 0 0 37544 37544 44452 27666 16786 250000 0 0 250000 304330 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 12739911 7528319 3021366 4506953 1754682 1754682 6261635 9209949 1754682 -251018 1503664 7706285 -177966 -177966 7528319 2759438 -10910 -10910 2770348 251018 251018 3021366 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. 1 BELGIUM 1 1 ADMINISTRATION OF THE FELLOWSHIP PROGRAM, FUNDRAISING AND LOGISTIC SUPPORT FOR FELLOWS 153621 1 1 0 0 1 1 153621 0 153621 FELLOWSHIPS BELGIUM 8 170155 CHECKS ALUMNI AWARD BELGIUM 1 7173 WIRE TRANSFER 0 0 0 0 0 0 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. 1 FELLOWSHIPS 52 1857835 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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. 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 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. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MEET FOUR TIMES ANNUALLY AT WHICH TIME ANY MATTERS AFFECTING CONFLICTS OF INTEREST ARE DISCLOSED AND DISCUSSED. FORM 990, PART VI, SECTION B, LINE 15A 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 C, LINE 18 FOUNDATION CENTER WEBSITE FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,754,682. REVIEW AND OVERSIGHT OF ANNUAL CERTIFIED AUDIT FORM 990 PART XII LINE 2C DRAFT OF AUDIT IS REVIEWED BY PRESIDENT AND TREASURER. AT ANNUAL MEETING TREASURER PRESENTS THE AUDIT AND AFTER DISCUSSION, APPROVAL OF REPORT AND SELECTION OF AUDITORS FOR SUBSEQUENT FISCAL YEAR IS PROPOSED AND APPROVED BY THE MEMBERS.