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BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC (EIN 13-1606002)
Tax period
2023-09-01 to 2024-08-31
Filed
2025-07-14
IRS object ID
202501959349302300
Schema version
2023v6.0
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)
Return2025-07-14T17:17:52-05:00ReturnTs
Tax Period End2024-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN420714325PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RSM US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line180 CITY SQUAREAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02129ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN131606002EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BELGIAN AMERICAN EDUCATIONAL FOUNDATIONBusinessNameLine1Txt
Business Name Line2INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlBELGBusinessNameControlTxt
Phone2037775765PhoneNum

US Address USAddress

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

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDR EMILE L BOULPAEPPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2037775765PhoneNum
Signature2025-07-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKAREN LOPreparerPersonNm
PTINP01434915PTIN
Phone6179129000PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

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$60,597,141GrossReceiptsAmt
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 Volunteers15TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,560,459PYContributionsGrantsAmt
CY Contributions Grants$2,852,651CYContributionsGrantsAmt
PY Program Service Revenue$136,979PYProgramServiceRevenueAmt
CY Program Service Revenue$129,730CYProgramServiceRevenueAmt
PY Investment Income$7,192,005PYInvestmentIncomeAmt
CY Investment Income$13,181,918CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$9,889,443PYTotalRevenueAmt
CY Total Revenue$16,164,299CYTotalRevenueAmt
PY Grants And Similar Paid$4,114,925PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,996,624CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$163,553PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$163,465CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$82,138CYTotalFundraisingExpenseAmt
PY Other Expenses$772,593PYOtherExpensesAmt
CY Other Expenses$838,207CYOtherExpensesAmt
PY Total Expenses$5,051,071PYTotalExpensesAmt
CY Total Expenses$4,998,296CYTotalExpensesAmt
PY Revenues Less Expenses$4,838,372PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$11,166,003CYRevenuesLessExpensesAmt
Total Assets BOY$186,642,583TotalAssetsBOYAmt
Total Assets EOY$218,725,507TotalAssetsEOYAmt
Total Liabilities BOY$753,950TotalLiabilitiesBOYAmt
Total Liabilities EOY$345,784TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$185,888,633NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$218,379,723NetAssetsOrFundBalancesEOYAmt
MissionTHE BELGIAN AMERICAN EDUCATIONAL FOUNDATION, INC. (BAEF) IS ENGAGED IN FOSTERING THE HIGHER EDUCATION OF DESERVING BELGIANS AND AMERICANS THROUGH ITS EXCHANGE FELLOWSHIP PROGRAM.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,075,528ExpenseAmt
Grant$3,975,101GrantAmt
Revenue$129,730RevenueAmt
DescGRADUATE FELLOWSHIP PROGRAM - FOR FISCAL YEAR ENDED AUGUST 31, 2024, BAEF AWARDED A TOTAL OF 97 PAID FELLOWSHIPS CONSISTING OF $2,108,350 IN STIPENDS AND $1,866,751 IN TUITION AND FEES FOR GRADUATE STUDY AND RESEARCH IN THE U.S. AND BELGIUM.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Grant$21,523GrantAmt
DescINSTITUTIONAL GRANTS, PRIZES, AND AWARDS - FOR FISCAL YEAR ENDED AUGUST 31, 2024, BAEF PROVIDED ALUMNI AWARDS TO DR. SAM MATTHEUS AND COLINDA SCHEELE, PHD IN THE AMOUNT OF $21,523.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$4,075,528TotalProgramServiceExpensesAmt
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
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
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 With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
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
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryBEForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonDR EMILE L BOULPAEPPersonNm
Phone2037775765PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1195 CHURCH STREETAddressLine1Txt
CityNEW HAVENCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06510ZIPCd
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
COUNT DIEGO DU MONCEAU DE
BERGENDAL, DIRECTOR0.30Yes (X)$0$0$0
MR BENOIT ALLEMEERSCH
DIRECTOR0.30Yes (X)$0$0$0
MS KATRIEN CARBONEZ
DIRECTOR0.30Yes (X)$0$0$0
BARON MARCEL CROCHET
DIRECTOR0.30Yes (X)$0$0$0
BARON FRANS VAN DAELE
DIRECTOR0.30Yes (X)$0$0$0
MR AHMED FAHIM
DIRECTOR0.30Yes (X)$0$0$0
MS MARGARET HOOVER
DIRECTOR0.30Yes (X)$0$0$0
BARON DANIEL JANSSEN
DIRECTOR0.30Yes (X)$0$0$0
MR FILIP MOERMAN
DIRECTOR0.30Yes (X)$0$0$0
MR DIRK WAUTERS
DIRECTOR0.30Yes (X)$0$0$0
BARON JACQUES WILLEMS
DIRECTOR0.30Yes (X)$0$0$0
CHEVALIER EMILE L BOULPAEP
CHAIRMAN, PRESIDENT & DIR20.00Yes (X)$0$0$0Yes (X)
DR MARYAN W AINSWORTH
VICE PRESIDENT, DIRECTOR2.00Yes (X)$0$0$0Yes (X)
MR OLIVIER TROUVEROY
TREASURER, DIRECTOR2.00Yes (X)$0$0$0Yes (X)
L GILLES SION ESQ
SECRETARY, DIRECTOR2.00Yes (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
230 PARK AVENUE 4TH FLOORNEW YORKNY10169INVESTMENT ADVISORY SERVICES$517,869
RSM US LLP
4650 E 53RD STREETDAVENPORTIA52807ACCOUNTING SERVICES$141,478
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
All Other Contributions$2,852,651AllOtherContributionsAmt
Total Contributions$2,852,651TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFELLOWSHIP REPAYMENTSDesc
Business900099BusinessCd
Total Revenue Column$129,730TotalRevenueColumnAmt
Related Or Exempt Func Income$129,730RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$129,730TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,500,542TotalRevenueColumnAmt
Exclusion$4,500,542ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$53,114,218SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$44,432,842SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$8,681,376SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,681,376TotalRevenueColumnAmt
Exclusion$8,681,376ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$16,164,299TotalRevenueColumnAmt
Related Or Exempt Func Income$129,730RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$13,181,918ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$278,084TotalAmt
Program Services$278,084ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$3,718,540TotalAmt
Program Services$3,718,540ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$140,117TotalAmt
Program Services$49,041ProgramServicesAmt
Management And General$46,238ManagementAndGeneralAmt
Fundraising$44,838FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$23,348TotalAmt
Program Services$8,172ProgramServicesAmt
Management And General$7,705ManagementAndGeneralAmt
Fundraising$7,471FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$172,140TotalAmt
Management And General$172,140ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$577,081TotalAmt
Management And General$577,081ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$9,641TotalAmt
Program Services$3,107ProgramServicesAmt
Management And General$3,692ManagementAndGeneralAmt
Fundraising$2,842FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$8,224TotalAmt
Program Services$2,878ProgramServicesAmt
Management And General$2,714ManagementAndGeneralAmt
Fundraising$2,632FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$27,512TotalAmt
Program Services$9,629ProgramServicesAmt
Management And General$9,079ManagementAndGeneralAmt
Fundraising$8,804FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$8,168TotalAmt
Program Services$2,859ProgramServicesAmt
Management And General$2,695ManagementAndGeneralAmt
Fundraising$2,614FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$719TotalAmt
Program Services$252ProgramServicesAmt
Management And General$237ManagementAndGeneralAmt
Fundraising$230FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$8,473TotalAmt
Program Services$2,966ProgramServicesAmt
Management And General$2,796ManagementAndGeneralAmt
Fundraising$2,711FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
SPECIAL EVENTS$19,992$9,996$9,996
FILLING FEES$6,257$6,257

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,998,296TotalAmt
Program Services$4,075,528ProgramServicesAmt
Management And General$840,630ManagementAndGeneralAmt
Fundraising$82,138FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,485,963BOYAmt
EOY$1,764,634EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$233,279BOYAmt
EOY$400,609EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$499,950BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$521,941BOYAmt
EOY$173,670EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$111,387LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$73,842LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

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

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$183,007,743BOYAmt
EOY$215,290,965EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$856,162BOYAmt
EOY$1,058,084EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$186,642,583BOYAmt
EOY$218,725,507EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$753,950BOYAmt
EOY$345,784EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$753,950BOYAmt
EOY$345,784EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$184,323,505BOYAmt
EOY$216,421,052EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,565,128BOYAmt
EOY$1,958,671EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$185,888,633BOYAmt
EOY$218,379,723EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$186,642,583BOYAmt
EOY$218,725,507EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$11,166,003ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$21,289,202NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$35,885OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

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

Schedule A IRS990ScheduleA

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

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,221,621CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,523,411CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,815,017CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,560,459CurrentTaxYearMinus1YearAmt
Current Tax Year$2,852,651CurrentTaxYearAmt
Total$13,973,159TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,221,621CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,523,411CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,815,017CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,560,459CurrentTaxYearMinus1YearAmt
Current Tax Year$2,852,651CurrentTaxYearAmt
Total$13,973,159TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$909,333SubstantialContributorsTotAmt
Public Support Total170$13,063,826PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,408,533CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,109,023CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,418,406CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,940,748CurrentTaxYearMinus1YearAmt
Current Tax Year$4,500,542CurrentTaxYearAmt
Total$18,377,252TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$182,409CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$548CurrentTaxYearMinus3YearsAmt
Total$182,957TotalAmt
FieldValueIRS element (for citing)
Total Support$32,533,368TotalSupportAmt
Gross Receipts Rltd Activities$528,246GrossReceiptsRltdActivitiesAmt
Public Support CY1700.40160PublicSupportCY170Pct
Public Support PY1700.40900PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

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

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$250,000AssetsIncludedAmt
FieldValueIRS element (for citing)
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$19,334,470BeginningYearBalanceAmt
Contributions$1,319,410ContributionsAmt
Investment Earnings Or Losses$3,610,647InvestmentEarningsOrLossesAmt
Grants Or Scholarships$840,149GrantsOrScholarshipsAmt
End Year Balance$23,424,378EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$17,582,451BeginningYearBalanceAmt
Contributions$642,769ContributionsAmt
Investment Earnings Or Losses$1,954,306InvestmentEarningsOrLossesAmt
Grants Or Scholarships$845,056GrantsOrScholarshipsAmt
End Year Balance$19,334,470EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$18,867,000BeginningYearBalanceAmt
Contributions$513,226ContributionsAmt
Investment Earnings Or Losses-$1,515,775InvestmentEarningsOrLossesAmt
Grants Or Scholarships$282,000GrantsOrScholarshipsAmt
End Year Balance$17,582,451EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$14,408,048BeginningYearBalanceAmt
Contributions$1,037,500ContributionsAmt
Investment Earnings Or Losses$3,795,217InvestmentEarningsOrLossesAmt
Grants Or Scholarships$373,765GrantsOrScholarshipsAmt
End Year Balance$18,867,000EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$13,576,313BeginningYearBalanceAmt
Contributions$111,810ContributionsAmt
Investment Earnings Or Losses$1,062,985InvestmentEarningsOrLossesAmt
Grants Or Scholarships$343,060GrantsOrScholarshipsAmt
End Year Balance$14,408,048EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.00000BoardDesignatedBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

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

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$47,551OtherCostOrOtherBasisAmt
Depreciation$47,551DepreciationAmt
Book Value$0BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$26,291OtherCostOrOtherBasisAmt
Depreciation$26,291DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$37,545TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$36,912,305TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$21,289,202NetUnrealizedGainsInvstAmt
Other Revenue-$541,196OtherRevenueAmt
Revenue Not Reported$20,748,006RevenueNotReportedAmt
Revenue Subtotal$16,164,299RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$16,164,299TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,421,215TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$4,421,215ExpensesSubtotalAmt
Investment Expenses Not Incld2$577,081InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$577,081ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,998,296TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE ORGANIZATION'S INTENDED USE OF ENDOWMENT FUNDS IS TO COVER THE FELLOWSHIPS FUNDS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:FOREIGN CURRENCY TRANSLATION ADJUSTMENT 35,885. INVESTMENT MANAGEMENT FEES -577,081.
PART III, LINE 1A AND 4:ARTWORK - MAGRITTE PAINTING IS ON PERMANENT LOAN TO THE MAGRITTE MUSEUM IN BRUSSELS AND FARM LAND IN RAMILLIES, BELGIUM.

Schedule F IRS990ScheduleF

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

Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
EUROPE (INCLUDING ICELAND & GREENLAND)12PROGRAM SERVICESADMINISTRATION OF THE FELLOWSHIP PROGRAM, FUNDRAISING AND LOGISTIC SUPPORT FOR FELLOWS$147,576
EUROPE (INCLUDING ICELAND & GREENLAND)GRANTMAKING$3,718,540
FieldValueIRS element (for citing)
Subtotal Offices1SubtotalOfficesCnt
Subtotal Employees2SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office1TotalOfficeCnt
Total Employee2TotalEmployeeCnt
Subtotal Spent$3,866,116SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$3,866,116TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (2 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
FELLOWSHIPSEUROPE (INCLUDING ICELAND & GREENLAND)87$3,697,017CHECKS (USD)
ALUMNI AWARDSEUROPE (INCLUDING ICELAND & GREENLAND)2$21,523ELECTRONIC TRANSFER (EUR)
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 (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 2:BAEF MAINTAINS A BRANCH OFFICE IN BRUSSELS, BELGIUM AND THE OFFICE IS STAFFED WITH TWO PAID EMPLOYEES. FULL ACCOUNTING FOR THIS BRANCH OFFICE IS MAINTAINED AND INCLUDED IN THIS RETURN AT THE MONTHLY AVERAGE CONVERSION RATE FOR EURO TO USD. AS PART OF THE GRANT FUNDING REQUEST, A BUDGET FOR THE NEXT FISCAL YEAR AND ACCOUNTING OF ANNUAL TRANSACTIONS ARE SUBMITTED TO THE BELGIAN GOVERNMENT. THE NEW HAVEN OFFICE IS RESPONSIBLE FOR DISTRIBUTING ALL GRANTS, ISSUING CHECKS, AND OVERSEEING THE ENTIRE GRANT PROCESS. FOR BELGIAN APPLICANTS, INITIAL ELIGIBILITY IS ASSESSED BY THE BRUSSELS OFFICE AND SUBSEQUENTLY CONFIRMED BY THE BELGIAN SELECTION COMMITTEE, CHAIRED BY THE PRESIDENT. IN THE UNITED STATES, THE PRESIDENT OVERSEES THE ENTIRE GRANTMAKING PROCESS FROM START TO FINISH.
PART I, LINE 3:MONTHLY REPORTS OF TRANSACTIONS ARE SUBMITTED TO U.S. OFFICE IN NEW HAVEN, CT, INCLUDING COPIES OF BANK STATEMENTS, PAYMENT VOUCHERS AND VENDOR INVOICES. TRANSACTIONS ARE CONVERTED TO USD USING MONTHLY AVERAGE CONVERSION RATE FROM EUR TO USD.
PART III, COL (C):FOR THE FISCAL YEAR ENDED AUGUST 31, 2024, THERE WERE A TOTAL OF 87 BELGIAN FELLOWS, EITHER PURSUING MASTERS OR PHD DEGREES AT U.S. UNIVERSITIES OR POSTDOCTORAL RESEARCHERS WORKING IN U.S. EDUCATIONAL INSTITUTIONS AND UNIVERSITIES. UPON COMPLETION OF THEIR BAEF SPONSORED STAY IN THE U.S., ALL FELLOWS SUBMIT A REPORT DESCRIBING THEIR FELLOWSHIP EXPERIENCE IN THE U.S. IN ADDITION, THERE WERE 2 ALUMNI AWARDS PROVIDED TO 2 PROFESSORS IN BELGIUM.

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
Recipient10RecipientCnt
Cash Grant$278,084CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 2:ALL BAEF FELLOWS ARRIVING IN THE U.S. RECEIVE THEIR VISA DOCUMENTATION FROM THEIR HOST INSTITUTIONS. UPON THEIR ARRIVAL IN THE U.S., ALL FELLOWS MUST SUBMIT A NOTICE OF ARRIVAL TO THE BAEF OFFICE IN NEW HAVEN, CT. AFTER THE NOTICE OF ARRIVAL FORM HAS BEEN RECEIVED, STIPEND CHECKS ARE ISSUED TO THE BAEF FELLOW PERIODICALLY DURING THE COURSE OF THEIR YEAR OF STUDY OR RESEARCH. IN ADDITION, FOR THOSE FELLOWS ENROLLED IN DEGREE PROGRAMS IN THE U.S., TUITION PAYMENTS ARE MADE TO THEIR HOST INSTITUTIONS.
PART III:THERE WERE 10 BAEF U.S. FELLOWS WHO TRAVELED TO BELGIUM TO DO ONE YEAR OF STUDY OR RESEARCH. EACH FELLOW REPORTED THEIR ARRIVAL IN BELGIUM TO THE BAEF PROGRAM MANAGER LOCATED IN BRUSSELS. UPON COMPLETION OF THE FELLOWSHIP PROGRAM, EACH FELLOW PROVIDED A DETAILED REPORT TO BAEF OF THEIR RESEARCH AND STUDIES WHILE IN BELGIUM.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART V, LINE 2A:BAEF HAS NO US EMPLOYEES BUT TWO FOREIGN EMPLOYEES WHO WORK AT THE BRANCH OFFICE IN BRUSSELS.
FORM 990, PART VI, SECTION A, LINE 6AT BAEF'S ANNUAL MEETING, 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. AT THE FIRST BOARD MEETING OF THE CALENDER YEAR, THE BOARD ELECTS OFFICERS AND MEMBERS OF THE STANDING COMMITTES OF THE FOUNDATION.
FORM 990, PART VI, SECTION A, LINE 7ATHE ORGANIZATION HAS MEMBERS. MEMBERS AT THE ANNUAL MEETING VOTE AND APPROVE THE DIRECTORS OF THE BOARD. 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 7BDECISIONS OF THE GOVERNING BODY, BAEF BOARD OF DIRECTORS, ARE DISCLOSED OF AND APPROVED BY THE MEMBERS AT THE ANNUAL MEETING OF THE MEMBERS IN JANUARY.
FORM 990, PART VI, SECTION B, LINE 11BPRIOR TO FILING, THE 990 IS REVIEWED AND APPROVED BY THE PRESIDENT AND CHAIRMAN, AS WELL AS BY THE EXECUTIVE DIRECTOR IN BRUSSELS.
FORM 990, PART VI, SECTION B, LINE 12CTHE BOARD OF DIRECTORS MEET FOUR TIMES ANNUALLY, WHERE ANY MATTERS AFFECTING CONFLICTS OF INTEREST ARE DISCLOSED AND DISCUSSED. NO ISSUES OF CONFLICT OF INTEREST AROSE DURING THE PAST YEAR.
FORM 990, PART VI, SECTION C, LINE 19BAEF MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, PUBLIC DISCLOSURE COPY OF THE FORM 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA GUIDESTAR AND IRS WEBSITE.
FORM 990, PART XI, LINE 9:FOREIGN CURRENCY TRANSLATION ADJUSTMENT 35,885.