2025-07-14T17:17:52-05:00 2024-08-31 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2023-09-01 131606002 BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC BELG 2037775765 195 CHURCH STREET NEW HAVEN CT 06510 DR EMILE L BOULPAEP PRESIDENT 2037775765 2025-07-14 1 1 KAREN LO P01434915 6179129000 2023 2025-03-06 01:10:19Z DR EMILE L BOULPAEP 96 POND MEADOW ROAD KILLINGWORTH CT 06419 60597141 0 X WWW.BAEF.BE X 1920 DE GRADUATE & POSTGRADUATE EXCHANGE FELLOWSHIP PROGRAM BETWEEN THE UNITED STATES AND BELGIUM. 15 15 0 15 0 0 2560459 2852651 136979 129730 7192005 13181918 0 0 9889443 16164299 4114925 3996624 0 0 163553 163465 0 0 82138 772593 838207 5051071 4998296 4838372 11166003 186642583 218725507 753950 345784 185888633 218379723 THE BELGIAN AMERICAN EDUCATIONAL FOUNDATION, INC. (BAEF) IS ENGAGED IN FOSTERING THE HIGHER EDUCATION OF DESERVING BELGIANS AND AMERICANS THROUGH ITS EXCHANGE FELLOWSHIP PROGRAM. 0 0 4075528 3975101 129730 GRADUATE 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. 21523 INSTITUTIONAL 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. 4075528 1 1 0 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 0 0 0 0 0 0 0 0 0 0 1 X 4 0 1 0 0 1 BE 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 0 0 0 CT X X DR EMILE L BOULPAEP 2037775765 195 CHURCH STREET NEW HAVEN CT 06510 X COUNT DIEGO DU MONCEAU DE BERGENDAL, DIRECTOR 0.30 X 0 0 0 MR BENOIT ALLEMEERSCH DIRECTOR 0.30 X 0 0 0 MS KATRIEN CARBONEZ DIRECTOR 0.30 X 0 0 0 BARON MARCEL CROCHET DIRECTOR 0.30 X 0 0 0 BARON FRANS VAN DAELE DIRECTOR 0.30 X 0 0 0 MR AHMED FAHIM DIRECTOR 0.30 X 0 0 0 MS MARGARET HOOVER DIRECTOR 0.30 X 0 0 0 BARON DANIEL JANSSEN DIRECTOR 0.30 X 0 0 0 MR FILIP MOERMAN DIRECTOR 0.30 X 0 0 0 MR DIRK WAUTERS DIRECTOR 0.30 X 0 0 0 BARON JACQUES WILLEMS DIRECTOR 0.30 X 0 0 0 CHEVALIER EMILE L BOULPAEP CHAIRMAN, PRESIDENT & DIR 20.00 X X 0 0 0 DR MARYAN W AINSWORTH VICE PRESIDENT, DIRECTOR 2.00 X X 0 0 0 MR OLIVIER TROUVEROY TREASURER, DIRECTOR 2.00 X X 0 0 0 L GILLES SION ESQ SECRETARY, DIRECTOR 2.00 X X 0 0 0 0 0 0 0 0 0 0 GRIFFIN ASSET MANAGEMENT 230 PARK AVENUE 4TH FLOOR NEW YORK NY 10169 INVESTMENT ADVISORY SERVICES 517869 RSM US LLP 4650 E 53RD STREET DAVENPORT IA 52807 ACCOUNTING SERVICES 141478 2 2852651 2852651 FELLOWSHIP REPAYMENTS 900099 129730 129730 129730 4500542 4500542 53114218 44432842 8681376 8681376 8681376 16164299 129730 0 13181918 278084 278084 3718540 3718540 140117 49041 46238 44838 23348 8172 7705 7471 172140 172140 577081 577081 9641 3107 3692 2842 8224 2878 2714 2632 27512 9629 9079 8804 8168 2859 2695 2614 719 252 237 230 8473 2966 2796 2711 SPECIAL EVENTS 19992 9996 9996 FILLING FEES 6257 6257 4998296 4075528 840630 82138 1485963 1764634 233279 400609 499950 0 521941 173670 111387 73842 37545 37545 183007743 215290965 856162 1058084 186642583 218725507 753950 345784 753950 345784 X 184323505 216421052 1565128 1958671 185888633 218379723 186642583 218725507 X 11166003 21289202 35885 X 0 1 X 0 0 X 2221621 3523411 2815017 2560459 2852651 13973159 2221621 3523411 2815017 2560459 2852651 13973159 909333 13063826 3408533 3109023 3418406 3940748 4500542 18377252 182409 548 182957 32533368 528246 0.40160 0.40900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250000 X 0 19334470 1319410 3610647 840149 23424378 17582451 642769 1954306 845056 19334470 18867000 513226 -1515775 282000 17582451 14408048 1037500 3795217 373765 18867000 13576313 111810 1062985 343060 14408048 1.00000 0 0 37545 37545 47551 47551 0 26291 26291 0 37545 36912305 21289202 -541196 20748006 16164299 0 16164299 4421215 0 4421215 577081 577081 4998296 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. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 1 2 PROGRAM SERVICES ADMINISTRATION OF THE FELLOWSHIP PROGRAM, FUNDRAISING AND LOGISTIC SUPPORT FOR FELLOWS 147576 EUROPE (INCLUDING ICELAND & GREENLAND) GRANTMAKING 3718540 1 2 0 0 1 2 3866116 0 3866116 FELLOWSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 87 3697017 CHECKS (USD) ALUMNI AWARDS EUROPE (INCLUDING ICELAND & GREENLAND) 2 21523 ELECTRONIC TRANSFER (EUR) 0 0 0 0 0 0 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. 1 FELLOWSHIPS 10 278084 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. 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 6 AT 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 7A THE 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 7B DECISIONS 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 11B PRIOR 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 12C THE 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 19 BAEF 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.