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Nonprofiteer
← BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2022

Filed by BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$9,889,443
Total expenses
$5,051,071
Contributions and grants received
$2,560,459
Grants paid
$4,114,925
Program service revenue
$136,979
Investment income
$7,192,005
Other revenue
$0
Total assets, end of year
$186,642,583
Total liabilities, end of year
$753,950
Net assets or fund balances, end of year
$185,888,633
Program services expenses (Part IX)
$4,202,587
Management and general expenses
$766,653
Fundraising expenses
$81,831
Program service expenses (Part III)
$4,202,587

Program services were 83.2% 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

    $2,560,459

  • 2a · Program service revenue: FELLOWSHIP REPAYMENTS

    total $136,979 · related or exempt $136,979

  • 3 · Investment income

    total $3,940,748 · excluded $3,940,748

  • 7a · Gross sales of assets other than inventory

    securities $18,699,186

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

    securities $15,447,929

  • 7c · Gain or loss

    securities $3,251,257

  • 7d · Net gain or loss

    total $3,251,257 · excluded $3,251,257

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $142,500 · program services $142,500

  • 3 · Grants to foreign organizations and individuals

    total $3,972,425 · program services $3,972,425

  • 7 · Other salaries and wages

    total $139,492 · program services $48,822 · management and general $46,032 · fundraising $44,638

  • 10 · Payroll taxes

    total $24,061 · program services $8,421 · management and general $7,940 · fundraising $7,700

  • 11c · Fees: accounting

    total $162,209 · management and general $162,209

  • 11f · Fees: investment management

    total $514,002 · management and general $514,002

  • 13 · Office expenses

    total $12,028 · program services $2,686 · management and general $6,886 · fundraising $2,456

  • 14 · Information technology

    total $10,932 · program services $3,826 · management and general $3,608 · fundraising $3,498

  • 16 · Occupancy

    total $29,770 · program services $10,420 · management and general $9,824 · fundraising $9,526

  • 17 · Travel

    total $4,825 · program services $1,689 · management and general $1,592 · fundraising $1,544

  • 19 · Conferences, conventions and meetings

    total $1,587 · program services $555 · management and general $524 · fundraising $508

  • 22 · Depreciation, depletion and amortization

    total $6,696 · program services $6,696

  • 23 · Insurance

    total $7,965 · program services $2,788 · management and general $2,628 · fundraising $2,549

  • 24a · Other expenses: SPECIAL EVENTS

    total $18,825 · management and general $9,413 · fundraising $9,412

  • 24b · Other expenses: FILLING FEES

    total $1,995 · management and general $1,995

  • 24c · Other expenses: BAEF CENTENNIAL PLANNIN

    total $1,759 · program services $1,759

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $916,958 · end of year $1,485,963

  • 2 · Savings and temporary cash investments

    beginning of year $224,281 · end of year $233,279

  • 3 · Pledges and grants receivable

    end of year $499,950

  • 4 · Accounts receivable

    beginning of year $3,200

  • 9 · Prepaid expenses and deferred charges

    beginning of year $557,401 · end of year $521,941

  • 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 $44,241 · end of year $37,545

  • 11 · Investments: publicly traded securities

    beginning of year $167,265,955 · end of year $183,007,743

  • 15 · Other assets

    beginning of year $855,409 · end of year $856,162

  • 17 · Accounts payable and accrued expenses

    beginning of year $755,087 · end of year $753,950

  • 27 · Net assets without donor restrictions

    beginning of year $167,518,945 · end of year $184,323,505

  • 28 · Net assets with donor restrictions

    beginning of year $1,593,413 · end of year $1,565,128

Mission and programs · 2022

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, 2023, BAEF AWARDED A TOTAL OF 84 PAID FELLOWSHIPS CONSISTING OF $1,726,729 IN STIPENDS AND $2,388,196 IN TUITION AND FEES FOR GRADUATE STUDY AND RESEARCH IN THE U.S. AND BELGIUM.

    Expenses $4,202,587 · Grants $4,114,925 · Revenue $136,979

  • INSTITUTIONAL GRANTS, PRIZES, AND AWARDS - FOR FISCAL YEAR ENDED AUGUST 31, 2023, BAEF DID NOT PROVIDE ALUMNI AWARDS.

As filed on the 2022 return.

Listed in Part VII

  • Count Diego Du Monceau De

    BERGENDAL, DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Ms Alexia Bertrand

    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

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 July 2024
IRS schema version
2022v5.0
Source object
202411919349301711

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