Overview
What is Belgian American Educational Foundation Inc?
The Belgian American Educational Foundation Inc, located at 195 Church Street, New Haven, CT 06510, is a significant nonprofit organization dedicated to higher education exchange between the United States and Belgium. Over the fiscal year ended August 31, 2022, BAEF granted a total of 87 fellowships, awarding $3,725,280 for stipends, tuition, and fees to support graduate and postgraduate studies in both the U.S. and Belgium. By fostering this exchange, the Belgian American Educational Foundation, Inc. continues its mission to invest in the education of deserving Belgians and Americans.
Official website here: www.baef.be
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88% (Three-Star out of Four Star rating)
The Belgian American Educational Foundation Inc demonstrates a solid performance with an overall rating of 88%, indicating a commendable level of accountability and financial health. The organization excels in key areas such as having a fully independent board and strong financial audit practices, showcasing its commitment to effective governance and transparency.
Despite these strengths, there are notable weaknesses, particularly in its policies and documentation practices. The foundation lacks a whistleblower policy and a document retention and destruction policy, which are essential for promoting ethical practices and operational integrity. Additionally, the absence of its tax form on the nonprofit's website could limit transparency for potential donors and stakeholders.
Overall, while the Belgian American Educational Foundation Inc has robust financial management and governance structures in place, addressing its weaknesses in policy documentation could further enhance its accountability and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Belgian American Educational Foundation Inc legitimate?
Belgian American Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belgian American Educational Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $129,795
For more financial information, click here
Official website here: www.baef.be
What is the mission statement of Belgian American Educational Foundation Inc?
The Belgian American Educational Foundation Inc focuses on promoting higher education for deserving Belgians and Americans through its Exchange Fellowship Program. The organization's primary mission is to foster academic growth by awarding fellowships for graduate study and research in both the United States and Belgium. In the fiscal year ending August 31, 2022, a total of 87 fellowships were granted, providing stipends worth $2,120,940 and covering tuition and fees amounting to $1,604,340. The fellowships enable recipients to expand their knowledge and contribute to the global exchange of ideas in their respective fields.
Official website here: www.baef.be
Who is the CEO of Belgian American Educational Foundation Inc?
Dr Emile L Boulpaep is the Director of Belgian American Educational Foundation Inc.
Official website here: www.baef.be
What is the revenue of Belgian American Educational Foundation Inc?
Belgian American Educational Foundation Inc's revenue in 2022 was $13,187,799.
Official website here: www.baef.be
Who are the executives of Belgian American Educational Foundation Inc and what are their salaries?
There 15 volunteers at Belgian American Educational Foundation Inc.
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Official website here: www.baef.be
Where can I find the form 990 for Belgian American Educational Foundation Inc?
Belgian American Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.baef.be
Learn more at the official website: www.baef.be
Mission Statement of Belgian American Educational Foundation Inc
The Belgian American Educational Foundation Inc, a notable nonprofit organization, is dedicated to cultivating the higher education of deserving Belgians and Americans through its Graduate & Postgraduate Exchange Fellowship Program. By fostering academic growth, the Foundation bridges the gap between the two countries, enabling talented individuals to expand their knowledge and skills.
In the fiscal year ending August 31, 2022, the Belgian American Educational Foundation awarded an impressive total of 87 fellowships. These fellowships encompassed a substantial financial commitment, with a combined value of $3,725,280. This investment was allocated primarily towards stipends, amounting to $2,120,940, and tuition and fees, totaling $1,604,340. With these resources, the Foundation supported students in pursuing graduate study and research in both the United States and Belgium.
By facilitating this exchange of knowledge, the Belgian American Educational Foundation not only enhances the academic profiles of its recipients but also contributes to the global community by fostering cross-cultural understanding and cooperation. Through its fellowship program, the organization fosters a dynamic and interconnected academic landscape, enabling future leaders to make a positive impact on the world.
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Impact
October, 2024
The Belgian American Educational Foundation Inc. significantly enhances higher education opportunities for deserving individuals from both Belgium and the United States through its Graduate and Postgraduate Exchange Fellowship Program. In the fiscal year ending August 31, 2022, BAEF awarded a remarkable total of 87 fellowships, providing $2,120,940 in stipends and an additional $1,604,340 for tuition and fees. This support enables students and researchers to pursue advanced studies and research initiatives in both countries, fostering cross-cultural academic collaboration and enriching the educational landscape. By facilitating these exchanges, BAEF not only empowers individuals to achieve their academic and professional goals but also encourages a deeper understanding and lasting connections between the two nations.
This information is meant to be a general summary of Belgian American Educational Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10,298,836
- Program Service Revenue: $73,946
- Gross Receipts: $70,166,473
Assets and Liabilities:
- Total Assets: $169,867,445
- Total Liabilities: $755,087
- Net Assets: $169,112,358
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FELLOWSHIP REPAYMENTS
Revenue
$73,946
Organization Details
Founding Year
1920
Phone
(203) 777-5765Principal Officer
Dr Emile L Boulpaep
Main Address
195 CHURCH STREET, NEW HAVEN, CT, 06510
Website
www.baef.beNTEE Category
Code: Q220 - International
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