Skip to content
Nonprofiteer
← BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2023

Filed by BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$16,164,299
Total expenses
$4,998,296
Contributions and grants received
$2,852,651
Grants paid
$3,996,624
Program service revenue
$129,730
Investment income
$13,181,918
Other revenue
$0
Total assets, end of year
$218,725,507
Total liabilities, end of year
$345,784
Net assets or fund balances, end of year
$218,379,723
Program services expenses (Part IX)
$4,075,528
Management and general expenses
$840,630
Fundraising expenses
$82,138
Program service expenses (Part III)
$4,075,528

Program services were 81.5% 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

    $2,852,651

  • 2a · Program service revenue: FELLOWSHIP REPAYMENTS

    total $129,730 · related or exempt $129,730

  • 3 · Investment income

    total $4,500,542 · excluded $4,500,542

  • 7a · Gross sales of assets other than inventory

    securities $53,114,218

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

    securities $44,432,842

  • 7c · Gain or loss

    securities $8,681,376

  • 7d · Net gain or loss

    total $8,681,376 · excluded $8,681,376

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $278,084 · program services $278,084

  • 3 · Grants to foreign organizations and individuals

    total $3,718,540 · program services $3,718,540

  • 7 · Other salaries and wages

    total $140,117 · program services $49,041 · management and general $46,238 · fundraising $44,838

  • 10 · Payroll taxes

    total $23,348 · program services $8,172 · management and general $7,705 · fundraising $7,471

  • 11c · Fees: accounting

    total $172,140 · management and general $172,140

  • 11f · Fees: investment management

    total $577,081 · management and general $577,081

  • 13 · Office expenses

    total $9,641 · program services $3,107 · management and general $3,692 · fundraising $2,842

  • 14 · Information technology

    total $8,224 · program services $2,878 · management and general $2,714 · fundraising $2,632

  • 16 · Occupancy

    total $27,512 · program services $9,629 · management and general $9,079 · fundraising $8,804

  • 17 · Travel

    total $8,168 · program services $2,859 · management and general $2,695 · fundraising $2,614

  • 19 · Conferences, conventions and meetings

    total $719 · program services $252 · management and general $237 · fundraising $230

  • 23 · Insurance

    total $8,473 · program services $2,966 · management and general $2,796 · fundraising $2,711

  • 24a · Other expenses: SPECIAL EVENTS

    total $19,992 · management and general $9,996 · fundraising $9,996

  • 24b · Other expenses: FILLING FEES

    total $6,257 · management and general $6,257

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,485,963 · end of year $1,764,634

  • 2 · Savings and temporary cash investments

    beginning of year $233,279 · end of year $400,609

  • 3 · Pledges and grants receivable

    beginning of year $499,950 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $521,941 · end of year $173,670

  • 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 $183,007,743 · end of year $215,290,965

  • 15 · Other assets

    beginning of year $856,162 · end of year $1,058,084

  • 17 · Accounts payable and accrued expenses

    beginning of year $753,950 · end of year $345,784

  • 27 · Net assets without donor restrictions

    beginning of year $184,323,505 · end of year $216,421,052

  • 28 · Net assets with donor restrictions

    beginning of year $1,565,128 · end of year $1,958,671

Mission and programs · 2023

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, 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.

    Expenses $4,075,528 · Grants $3,975,101 · Revenue $129,730

  • Withheld by Nonprofiteer: this text may name a private individual.

    Grants $21,523

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

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

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
2023
Filed
14 July 2025
IRS schema version
2023v6.0
Source object
202501959349302300

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.