Belgian American Educational Foundation Inc
- Assets
- $187.4m
- Revenue
- $18.7m
- Investments
- $0.0
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 09/1942
- Data as of
- 08/2021
- EIN
- 13-1606002
Organization Overview
Belgian American Educational Foundation Inc is located in New Haven, CT. The organization was established in 1942. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belgian American Educational Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Belgian American Educational Foundation Inc generated $18.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $4.5m during the year ending 08/2021. While expenses have increased by 1.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GRADUATE & POSTGRADUATE EXCHANGE FELLOWSHIP PROGRAM BETWEEN THE UNITED STATES AND BELGIUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRADUATE FELLOWSHIP PROGRAM - FOR FISCAL YEAR ENDED AUGUST 31, 2021, BAEF AWARDED A TOTAL OF 73 PAID FELLOWSHIPS CONSISTING OF $2,357,430 IN STIPENDS AND $662,256 IN TUITION AND FEES FOR GRADUATE STUDY AND RESEARCH IN THE U.S. AND BELGIUM.
INSTITUTIONAL GRANTS, PRIZES, AND AWARDS - FOR FISCAL YEAR ENDED AUGUST 31, 2021, BAEF PROVIDED INSTITUTIONAL GRANTS TO TWO UNIVERSITIES LOCATED IN BELGIUM IN THE AMOUNT OF $250,000 EACH (UNIVERSIT LIBRE DE BRUXELLES & UNIVERSITEIT ANTWERPEN). IN ADDITION, ALUMNI AWARDS WERE PROVIDED TO PROF. MICHIEL DUSSELIER AND PROF. MICHIEL MEEUSEN OF COMMUNICATIONS IN THE AMOUNT OF $12,084 AND $11,842, RESPECTIVELY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Oliver Trouveroy Director, Treasurer | OfficerTrustee | 2 | $0 |
L Gilles Sion ESQ Secretary, Director | OfficerTrustee | 2 | $0 |
Chevalier Emile L Boulpaep Chairman, President. & Director | OfficerTrustee | 20 | $0 |
Prof Dr Marcel Crochet Vice President, Director | OfficerTrustee | 2 | $0 |
Dr Maryan Ainsworth Director | Trustee | 0.3 | $0 |
Professor Jacques Willems Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Richard Brown Accounting Services | 8/30/20 | $21,438 |
Griffin Assest Management Investment Advisory Services | 8/30/20 | $422,273 |
Lutz And Carr Annual Audit | 8/30/20 | $24,000 |
Shalik Morris And Company Llp Accounting Services | 8/30/20 | $120,981 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,785 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,501,626 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,523,411 |
| Total Program Service Revenue | $187,591 |
| Investment income | $3,109,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,862,252 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,682,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,726,186 |
| Grants and other assistance to Foreign Orgs/Individuals | $817,426 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,278 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,691 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $168,863 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $492,197 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,098 |
| Information technology | $34,008 |
| Royalties | $0 |
| Occupancy | $18,540 |
| Travel | $2,051 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,155 |
| Insurance | $6,979 |
| All other expenses | $2,290 |
| Total functional expenses | $4,488,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $621,651 |
| Savings and temporary cash investments | $217,749 |
| Pledges and grants receivable | $192,615 |
| Accounts receivable, net | $3,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $115,894 |
| Net Land, buildings, and equipment | $52,399 |
| Investments—publicly traded securities | $185,374,470 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $782,335 |
| Total assets | $187,360,313 |
| Accounts payable and accrued expenses | $1,239,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,239,000 |
| Net assets without donor restrictions | $184,413,568 |
| Net assets with donor restrictions | $1,707,745 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $187,360,313 |
Grants Awarded
Over the last fiscal year, Belgian American Educational Foundation Inc has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Belgian American Educational Foundation Inc has recieved totaling $212,500.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $200,000 |
Thomas A Famigletti Foundation Glen Head, NY PURPOSE: EDUCATIONAL | $12,500 |
Endowment Analysis
| Beg. Balance | $14,408,048 |
| Earnings | $3,795,217 |
| Net Contributions | $1,037,500 |
| Grants | $373,765 |
| Ending Balance | $18,867,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Afs-Usa Inc New York, NY | $16,942,442 | $16,772,784 |
American Academy In Rome New York, NY | $156,286,917 | $13,968,918 |
Alexander Muss Institute For Israel Education Inc Rockville Centre, NY | $21,964,723 | $9,700,291 |
Onward Israel Usa Inc New York, NY | $2,215,370 | $5,939,234 |
Showa Boston Institute For Language And Culture Jamaica Plain, MA | $39,110,971 | $10,562,824 |
Afs Intercultural Programs Inc New York, NY | $14,241,646 | $12,687,356 |
Egyptian-American Enterprise Fund New York, NY | $169,845,703 | $41,150,119 |
International Student Exchange Inc Bay Shore, NY | $14,840,965 | $6,979,556 |
Insead North America Inc Valhalla, NY | $10,753,709 | $6,277,643 |
Program Of Academic Exchange Port Chester, NY | $4,242,998 | $6,723,504 |
School Year Abroad Inc North Andover, MA | $31,777,579 | $4,148,421 |
Urban Assembly Inc New York, NY | $3,965,114 | $5,718,202 |