BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC

EIN: 131606002 501(c)(3) International Affairs

NEW HAVEN, CT

Total Revenue
$16,164,299
Total Expenses
$4,998,296
Total Assets
$218,725,507
Net Assets
$218,379,723
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1920
Legal Domicile
DE
Principal Officer
DR EMILE L BOULPAEP
Phone
2037775765
Tax Period
2023-09-01 to 2024-08-31

BELGIAN AMERICAN EDUCATIONAL FOUNDATION INC, founded in 1920, is a mid-sized nonprofit in the International Affairs sector that reported $16.2M in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.2M, a strong 69% operating margin.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,852,651
Program Service Revenue $129,730
Investment Income $13,181,918
Other Revenue $0
TOTAL REVENUE $16,164,299

Expense Breakdown

Grants Paid $3,996,624
Salaries & Benefits $163,465
Fundraising Expenses $82,138
Program Expenses $4,075,528
Other Expenses $838,207
TOTAL EXPENSES $4,998,296

Year-over-Year Comparison

2023 2022 Change
Revenue $16,164,299 $9,889,443 +0.6%
Expenses $4,998,296 $5,051,071 0.0%
Net Income $11,166,003 $4,838,372 +1.3%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
15

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COUNT DIEGO DU MONCEAU DE BERGENDAL, DIRECTOR 0.30
Director
$0 $0 $0
MR BENOIT ALLEMEERSCH DIRECTOR 0.30
Director
$0 $0 $0
MS KATRIEN CARBONEZ DIRECTOR 0.30
Director
$0 $0 $0
BARON MARCEL CROCHET DIRECTOR 0.30
Director
$0 $0 $0
BARON FRANS VAN DAELE DIRECTOR 0.30
Director
$0 $0 $0
MR AHMED FAHIM DIRECTOR 0.30
Director
$0 $0 $0
MS MARGARET HOOVER DIRECTOR 0.30
Director
$0 $0 $0
BARON DANIEL JANSSEN DIRECTOR 0.30
Director
$0 $0 $0
MR FILIP MOERMAN DIRECTOR 0.30
Director
$0 $0 $0
MR DIRK WAUTERS DIRECTOR 0.30
Director
$0 $0 $0
BARON JACQUES WILLEMS DIRECTOR 0.30
Director
$0 $0 $0
CHEVALIER EMILE L BOULPAEP CHAIRMAN, PRESIDENT & DIR 20.00
Officer Director
$0 $0 $0
DR MARYAN W AINSWORTH VICE PRESIDENT, DIRECTOR 2.00
Officer Director
$0 $0 $0
MR OLIVIER TROUVEROY TREASURER, DIRECTOR 2.00
Officer Director
$0 $0 $0
L GILLES SION ESQ SECRETARY, DIRECTOR 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $16,164,299 $4,998,296 $218,725,507 $11,166,003
2023 $9,889,443 $5,051,071 $186,642,583 $4,838,372
2022 $13,187,799 $4,817,662 $169,867,445 $8,370,137
2021 $18,682,825 $4,488,466 $187,360,313 $14,194,359
2020 $12,599,087 $4,773,899 $148,416,078 $7,825,188
2019 $13,151,511 $4,990,074 $139,679,679 $8,161,437
2018 $9,356,554 $4,296,490 $140,367,256 $5,060,064
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