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Nonprofiteer
← BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2024

Filed by BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$15,172,964
Total expenses
$5,371,217
Contributions and grants received
$3,068,138
Grants paid
$4,312,907
Program service revenue
$114,142
Investment income
$11,990,248
Other revenue
$436
Total assets, end of year
$232,549,980
Total liabilities, end of year
$282,963
Net assets or fund balances, end of year
$232,267,017
Program services expenses (Part IX)
$4,391,015
Management and general expenses
$898,926
Fundraising expenses
$81,276
Program service expenses (Part III)
$4,391,015

Program services were 81.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,068,138

  • 2a · Program service revenue: FELLOWSHIP REPAYMENTS

    total $114,142 · related or exempt $114,142

  • 3 · Investment income

    total $5,007,673 · excluded $5,007,673

  • 7a · Gross sales of assets other than inventory

    securities $24,931,179

  • 7b · Less cost or other basis and sales expenses

    securities $17,948,604

  • 7c · Gain or loss

    securities $6,982,575

  • 7d · Net gain or loss

    total $6,982,575 · excluded $6,982,575

  • 11a · Other revenue: OTHER INCOME

    total $436 · excluded $436

  • 11e · Other revenue, total

    $436

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $433,025 · program services $433,025

  • 3 · Grants to foreign organizations and individuals

    total $3,879,882 · program services $3,879,882

  • 7 · Other salaries and wages

    total $142,221 · program services $49,777 · management and general $46,933 · fundraising $45,511

  • 10 · Payroll taxes

    total $29,157 · program services $10,205 · management and general $9,622 · fundraising $9,330

  • 11c · Fees: accounting

    total $193,457 · management and general $193,457

  • 11f · Fees: investment management

    total $620,028 · management and general $620,028

  • 13 · Office expenses

    total $12,747 · program services $4,152 · management and general $4,799 · fundraising $3,796

  • 14 · Information technology

    total $1,455 · program services $509 · management and general $480 · fundraising $466

  • 16 · Occupancy

    total $25,736 · program services $9,008 · management and general $8,493 · fundraising $8,235

  • 17 · Travel

    total $3,774 · program services $1,321 · management and general $1,245 · fundraising $1,208

  • 19 · Conferences, conventions and meetings

    total $337 · program services $118 · management and general $111 · fundraising $108

  • 23 · Insurance

    total $8,624 · program services $3,018 · management and general $2,846 · fundraising $2,760

  • 24a · Other expenses: SPECIAL EVENTS

    total $19,724 · management and general $9,862 · fundraising $9,862

  • 24b · Other expenses: FILLING FEES

    total $1,050 · management and general $1,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,764,634 · end of year $1,648,033

  • 2 · Savings and temporary cash investments

    beginning of year $400,609 · end of year $253,426

  • 3 · Pledges and grants receivable

    end of year $90,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $173,670 · end of year $547,858

  • 10a · Land, buildings and equipment: cost or other basis

    $111,387

  • 10b · Land, buildings and equipment: accumulated depreciation

    $73,842

  • 10c · Land, buildings and equipment, net

    beginning of year $37,545 · end of year $37,545

  • 11 · Investments: publicly traded securities

    beginning of year $215,290,965 · end of year $228,898,205

  • 15 · Other assets

    beginning of year $1,058,084 · end of year $1,074,913

  • 17 · Accounts payable and accrued expenses

    beginning of year $345,784 · end of year $282,963

  • 27 · Net assets without donor restrictions

    beginning of year $216,421,052 · end of year $230,707,781

  • 28 · Net assets with donor restrictions

    beginning of year $1,958,671 · end of year $1,559,236

Mission and programs · 2024

Mission

THE BELGIAN AMERICAN EDUCATIONAL FOUNDATION, INC. (BAEF) IS ENGAGED IN FOSTERING THE HIGHER EDUCATION OF DESERVING BELGIANS AND AMERICANS THROUGH ITS EXCHANGE FELLOWSHIP PROGRAM.

Activities or mission (Part I)

GRADUATE & POSTGRADUATE EXCHANGE FELLOWSHIP PROGRAM BETWEEN THE UNITED STATES AND BELGIUM.

  • GRADUATE FELLOWSHIP PROGRAM - FOR FISCAL YEAR ENDED AUGUST 31, 2025, BAEF AWARDED A TOTAL OF 99 PAID FELLOWSHIPS CONSISTING OF $2,280,108 IN STIPENDS AND $2,009,963 IN TUITION AND FEES FOR GRADUATE STUDY AND RESEARCH IN THE U.S. AND BELGIUM.

    Expenses $4,391,015 · Grants $4,290,071 · Revenue $114,142

  • INSTITUTIONAL GRANTS, PRIZES, AND AWARDS - FOR FISCAL YEAR ENDED AUGUST 31, 2025, BAEF PROVIDED THE ALUMNI AWARD TO DIEDERIK COPPITTERS IN THE AMOUNT OF $22,836.

    Grants $22,836

As filed on the 2024 return.

Listed in Part VII

  • Count Diego Du Monceau De

    BERGENDAL, DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mr Benoit Allemeersch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Ms Katrien Carbonez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Baron Marcel Crochet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Baron Frans Van Daele

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mr Ahmed Fahim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Ms Margaret Hoover

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Baron Daniel Janssen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mr Filip Moerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mr Dirk Wauters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Baron Jacques Willems

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Chevalier Emile L Boulpaep

    CHAIRMAN, PRESIDENT & DIR

    Total calculated
    $0
    Hours/week
    20

  • Dr Maryan W Ainsworth

    VICE PRESIDENT, DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mr Olivier Trouveroy

    TREASURER, DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • L Gilles Sion Esq

    SECRETARY, DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marie-Claude Hayoit

    DEVELOPMENT AND ALUMNI COORDINATOR

    Total calculated
    $422,236
    From this org
    $422,236
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $17,249
    Bonus
    $1,788
    Other
    $403,199
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $422,236

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
MARIE-CLAUDE HAYOIT, A FOREIGN EMPLOYEE OF THE FOUNDATION, RECEIVED A $403,199 DISTRIBUTION IN 2024 PURSUANT TO A DEFERRED COMPENSATION ARRANGEMENT WITH THE FOUNDATION. $293,200 OF THE DISTRIBUTION WAS DIRECTED BY MS. HAYOIT AS A CHARITABLE CONTRIBUTION TO THE KING BAUDOUIN FOUNDATION, A PUBLIC BENEFIT FOUNDATION INCORPORATED IN BELGIUM.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 July 2026
IRS schema version
2024v5.5
Source object
202611959349301966

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