Civic Intelligence

King Baudouin Foundation Us Inc

990 • Fiscal year 2018 • EIN 58-2277856

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 31, 2019

Organization ProfileWWW.KBFUS.ORG

View Organization Page

10 Rockefeller Plaza 16th FloorNew York, NY 10020

(212) 713-7660

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.18x

Higher debt load relative to assets than 43% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

43rd percentile

0.23x

Higher debt load relative to revenue than 43% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

60th percentile

7.2%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

68th percentile

$335,214

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

27th percentile

-2.3%

Faster asset growth than 27% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

46th percentile

3.9%

Faster revenue growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$27,056,932

Down $645,654 (-2.3%) from 2017

Net Assets

Down

$22,137,017

Down $309,500 (-1.4%) from 2017

Liabilities

Down

$4,919,915

Down $336,154 (-6.4%) from 2017

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin60th percentile

Revenue

Up

$21,787,487

Up $813,313 (+3.9%) from 2017

Expenses

Up

$20,221,439

Up $333,130 (+1.7%) from 2017

Net Income

Up

$1,566,048

Up $480,183 (+44%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2011: $13,858,431Liabilities 2011: $3,515,694Net Assets 2011: $10,342,7372011Assets 2012: $17,134,778Liabilities 2012: $2,316,811Net Assets 2012: $14,817,9672012Assets 2013: $19,406,794Liabilities 2013: $785,332Net Assets 2013: $18,621,4622013Assets 2014: $25,926,066Liabilities 2014: $7,402,678Net Assets 2014: $18,523,3882014Assets 2015: $22,874,656Liabilities 2015: $6,321,842Net Assets 2015: $16,552,8142015Assets 2016: $28,100,758Liabilities 2016: $8,341,618Net Assets 2016: $19,759,1402016Assets 2017: $27,702,586Liabilities 2017: $5,256,069Net Assets 2017: $22,446,5172017Assets 2018: $27,056,932Liabilities 2018: $4,919,915Net Assets 2018: $22,137,0172018Assets 2019: $35,517,674Liabilities 2019: $5,735,423Net Assets 2019: $29,782,2512019Assets 2020: $36,383,380Liabilities 2020: $6,499,556Net Assets 2020: $29,883,8242020Assets 2021: $71,313,887Liabilities 2021: $19,099,563Net Assets 2021: $52,214,3242021Assets 2022: $66,018,013Liabilities 2022: $11,228,937Net Assets 2022: $54,789,0762022Assets 2023: $71,443,661Liabilities 2023: $16,219,984Net Assets 2023: $55,223,6772023Assets 2024: $122,957,865Liabilities 2024: $42,281,279Net Assets 2024: $80,676,5862024

Highlighted filing

2018

Assets$27,056,932
Liabilities$4,919,915
Net Assets$22,137,017
Open 2018 Filing

Operations Trend

Revenue Growth46th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300M$200M$100M$0-$100MRevenue 2011: $17,862,389Expenses 2011: $11,014,152Net Income 2011: $6,848,2372011Expenses 2012: $10,496,5322012Revenue 2013: $16,911,105Expenses 2013: $14,341,814Net Income 2013: $2,569,2912013Revenue 2014: $20,578,996Expenses 2014: $21,112,499Net Income 2014: -$533,5032014Revenue 2015: $18,012,086Expenses 2015: $18,693,422Net Income 2015: -$681,3362015Revenue 2016: $26,290,443Expenses 2016: $23,370,710Net Income 2016: $2,919,7332016Revenue 2017: $20,974,174Expenses 2017: $19,888,309Net Income 2017: $1,085,8652017Revenue 2018: $21,787,487Expenses 2018: $20,221,439Net Income 2018: $1,566,0482018Revenue 2019: $27,443,189Expenses 2019: $22,641,241Net Income 2019: $4,801,9482019Revenue 2020: $56,677,232Expenses 2020: $57,245,460Net Income 2020: -$568,2282020Revenue 2021: $81,640,878Expenses 2021: $59,650,212Net Income 2021: $21,990,6662021Revenue 2022: $107,367,636Expenses 2022: $100,886,113Net Income 2022: $6,481,5232022Revenue 2023: $121,394,713Expenses 2023: $124,078,490Net Income 2023: -$2,683,7772023Revenue 2024: $200,540,834Expenses 2024: $175,047,642Net Income 2024: $25,493,1922024

Highlighted filing

2018

Revenue$21,787,487
Expenses$20,221,439
Net Income$1,566,048
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 31, 2019
Return Version
2018v3.1
Gross Receipts
$22,330,044
Mission and Program Overview

Mission

The king baudouin foundation united states (kbfus) facilitates thoughtful,effective giving to europe and africa.

The king baudouin foundation united states (kbfus) facilitates thoughtful, effective giving to europe, africa and other regions

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$15,823,926$14,424,250▼ $1,399,676
Savings and Temporary Cash Investments$2,498,093$6,100,139▲ $3,602,046
Pledges and Grants Receivable$4,255,657$2,960,830▼ $1,294,827
Prepaid Expenses and Deferred Charges$453,032$345,524▼ $107,508
Cash and Non-Interest-Bearing Accounts$1,062,606$171,344▼ $891,262
Accounts Receivable$0$26,967▲ $26,967
Total Assets$27,702,586$27,056,932▼ $645,654
Other Assets Total$3,609,272$3,027,878▼ $581,394
Liabilities
Grants Payable$4,761,165$4,489,043▼ $272,122
Deferred Revenue$476,689$386,109▼ $90,580
Accounts Payable and Accrued Expenses$18,215$44,763▲ $26,548
Total Liabilities$5,256,069$4,919,915▼ $336,154
Net Assets / Fund Balance
Unrestricted Net Assets$8,094,036$8,270,633▲ $176,597
Permanently Rstr Net Assets$7,095,103$7,095,103→ $0
Temporarily Rstr Net Assets$7,257,378$6,771,281▼ $486,097
Total Net Assets Fund Balance$22,446,517$22,137,017▼ $309,500
Total Liabilities and Net Assets / Fund Balance$27,702,586$27,056,932▼ $645,654

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,020,678--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$11,394,231-▼ $896,997-$10,491,311
2017$7,020,217-▲ $1,926,612$1,805,961$7,061,797
2016$6,984,616-▲ $617,729$576,684$7,020,217
2015$7,180,294-▼ $98,643$91,658$6,984,616
2014$7,186,045-▲ $430,511$380,843$7,180,294
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jean Paul WarmoesExecutive DirectorFT$290,839$44,375$335,214

Board Members and Trustees

NameTitle
Peter PiotPresident
Emile BoulpaepVice President
Dirk WoutersDirector
Evaristus MainsahDirector
Frannie LeautierDirector
Guillame BastiaensDirector
Jendayi FrazerDirector
Kristen SilverbergDirector
Maryan AinsworthDirector
Suzy AntounianDirector
Thomas LeysenDirector
Luc Tayart De BormsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$20,322,581
Program Service Revenue
$791,858
Investment Income
$673,048
Other Revenue
$0
All Other Contributions
$19,341,386
Change in Net Assets
$1,566,048

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$377,945Proceeds of Sales
Works of Art2$61,000Appraisal
Total Noncash Contributions7$438,945-

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,787,487
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,875,548
Total Revenue per Audited Statements
$19,911,939
Total Revenue per Form 990
$21,787,487
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$18,942,702
Other Expenses$651,458
Salaries, Compensation, and Employee Benefits$627,279
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$18,715,085--$18,715,085
Current Officers, Directors, Trustees, and Key Employees-$335,214-$335,214
Grants to Domestic Orgs$227,617--$227,617
Other Salaries and Wages-$195,295-$195,295
Travel-$120,013-$120,013
Office Expenses-$103,081-$103,081
Occupancy-$86,535-$86,535
Other Employee Benefits-$55,367-$55,367
Fees for Services Legal-$48,414-$48,414
Payroll Taxes-$27,004-$27,004
Information Technology-$25,755-$25,755
Fees for Services Accounting-$22,540-$22,540
Pension Plan Contributions-$14,399-$14,399
Fees for Services Other$12,000$2,213-$14,213
Insurance-$13,808-$13,808
Other Expenses$114,615$3,787-$3,787
Total Functional Expenses$19,069,317$1,152,122$0$20,221,439

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$20,221,439
Total Expenses per Audited Statements$20,221,439
Total Expenses per Form 990$20,221,439
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Juntos Finanzas IncSan Carlos, CA501(c)(3)To Develop a Training Program Around Marketing and Fiscal Management for 50,000 Micro and Small Merchants in Egypt.$188,300
Georges Malaika Foundation IncNew York, NY501(c)(3)To Support a New Student Health Center at the Malaika School, So That We Can Ensure the Health of 280 Girl-students.$15,309
Georgie Badiel Foundation IncNew York, NY501(c)(3)To Build a New Water Well in Landlocked Burkina Faso, and to Restore 20 Existing Wells in 20 Villages.$15,308
Make-a-wish Foundation of Southern FloridaDavie, FL-To Support Its Efforts to Create Life-changing Wishes for Children With Critical Illnesses$8,700

International Summary

Offices
0
Employees
0
Spending
$19,030,798

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeGrants to Recipients-00$17,335,066
Sub-saharan Africa - Angola, Benin, Botswana, Burkina Faso,Grants to Recipients-00$1,627,684
Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt,Grants to Recipients-00$47,000
South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador,Grants to Recipients-00$21,048
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The executive director provides necessary information to the accounting firm. The accounting firm prepares the draft form 990. The draft form 990 is reviewed by the executive director and legal counsel. The draft form 990 is circulated to all board members for comments. The final form 990 is filed with the irs after it is circulated to the entire board.”

Form 990, Part VI, Section B, Line 12C

“Each director, principal officer, and member of a committee with board delegated powers shall sign a statement on an annual basis, which affirms that such person: 1. Has received a copy of the conflicts of interest policy, 2. Has read and understands the policy, 3. Has agreed to comply with the policy, 4. Understands that kbfus is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes, and 5. Has not obtained any financial interests that have not been previously disclosed to kbfus.”

Form 990, Part VI, Section B, Line 15A

“In terms of setting the executive director's compensation, the process may be described as follows: - the executive director prepares a 'self-evaluation' taking into account the performance objectives that were set by the board, and discusses such self-evaluation with the chair. - the chair presents his evaluation of the executive director's performance to the nominating and compensation committee, together with a recommendation for a potential salary increase and/or bonus. - the nominating committee reports to the board. - the compensation is set by the board of directors, except that no member of the board having a conflict of interest with respect to the executive director's compensation participates in the decision. - the board obtains and relies upon appropriate data showing how the proposed compensation for the executive director compares with the amount of compensation paid by organizations similar to kbfus to officers with similar responsibilities as the executive director. - the board documents the basis for its decision as to the executive director's compensation shortly thereafter, including retaining a record of the comparability data obtained and relied upon.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
King Baudouin Foundation US Inc
EIN
58-2277856
Phone
2127137660
Address
10 ROCKEFELLER PLAZA 16TH FLOOR, NEW YORK, NY 10020

Signing Officer

Name
Jean-paul Warmoes
Title
Executive Director
Phone
2127137660
Signed
2019-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jean-paul Warmoes
Formed
1997
Legal Domicile
Ga
Voting Board Members
12
Independent Board Members
12
Employees
4
Volunteers
12

Preparer

Firm
Tait Weller & Baker Llp
Address
50 SOUTH 16TH STREET SUITE 2900, PHILADELPHIA, PA 19102
Preparer
Stacy Cullen
Phone
2159798800
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

“Kbfus' board of directors approved the kbfus art program as a further means of carrying out kbfus' mission (to facilitate thoughtful, effective giving to europe and africa) and realizing kbfus' vision (to be the leading resource for philanthropic giving to europe and africa). Through kbfus art, kbfus solicits and accepts donations of artworks, and makes them available for display in numerous museums and other cultural institutions in europe or africa. Kbfus effectively (although not legally) serves in the role of trustee of its collection for the benefit of the public. A fundamental aspect of the kbfus art program is kbfus' cooperation with museums and other cultural institutions located in europe and africa through a loan program that increases public access to the artworks acquired through the kbfus art program. All artworks proposed to be acquired through the kbfus art program should advance kbfus' mission and vision. Before a proposed gift of an artwork is accepted, the kbfus art advisory committee must meet to determine if and why it is desirable for kbfus to acquire the artwork. Kbfus acquires artworks for permanent retention. As a general rule, kbfus will deaccession an artwork only if doing so will enable it to better serve the public. In all cases of deaccessioning, the strongly preferred method of disposing of an artwork is by granting the deaccessioned artwork to another nonprofit cultural or educational institution where the artwork may benefit the public in a similar way that kbfus' use of the artwork has previously benefited the public. In those rare instances in which a deaccessioned artwork is sold by kbfus, all funds received from the sale of the work shall be used to fund the acquisition of other works.”

PART V, LINE 4:

“Kbf reviewed its treatment of endowment funds and has included additional amounts as an endowment. This change will carry forward to future reporting but is the reason the beginning balance doesn't match the prior year end of year balance this one time.”

PART X, LINE 2:

“Management has reviewed the tax positions for each of the open tax years (2015-2017) or expected to be taken in the foundation's 2018 tax return and has concluded that there are no significant uncertain tax positions that would require recognition in the financial statements.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12310839
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0259002
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt0981195
IRS990/GrantAmt018942702
IRS990/GrantsPayableGrp/BOYAmt04761165
IRS990/GrantsPayableGrp/EOYAmt04489043
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0227617
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0227617
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0801559
IRS990/GrossReceiptsAmt022330044
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt025755
IRS990/InformationTechnologyGrp/TotalAmt025755
IRS990/InsuranceGrp/ManagementAndGeneralAmt013808
IRS990/InsuranceGrp/TotalAmt013808
IRS990/InvestmentIncomeGrp/ExclusionAmt0414046
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0414046
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt015823926
IRS990/InvestmentsPubTradedSecGrp/EOYAmt014424250
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0542557
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE KING BAUDOUIN FOUNDATION UNITED STATES (KBFUS) FACILITATES THOUGHTFUL,EFFECTIVE GIVING TO EUROPE, AFRICA AND OTHER REGIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt022446517
IRS990/NetAssetsOrFundBalancesEOYAmt022137017
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0259002
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0259002
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1875548
IRS990/NoncashContributionsAmt0438945
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt086535
IRS990/OccupancyGrp/TotalAmt086535
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0103081
IRS990/OfficeExpensesGrp/TotalAmt0103081
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03609272
IRS990/OtherAssetsTotalGrp/EOYAmt03027878
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt055367
IRS990/OtherEmployeeBenefitsGrp/TotalAmt055367
IRS990/OtherExpensesGrp/Desc0EDUCATION/EXCHANGE PROJ
IRS990/OtherExpensesGrp/Desc1EVENTS
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt098697
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13787
IRS990/OtherExpensesGrp/ProgramServicesAmt0114615
IRS990/OtherExpensesGrp/TotalAmt0114615
IRS990/OtherExpensesGrp/TotalAmt198697
IRS990/OtherExpensesGrp/TotalAmt23787
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0195295
IRS990/OtherSalariesAndWagesGrp/TotalAmt0195295
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt027004
IRS990/PayrollTaxesGrp/TotalAmt027004
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt014399
IRS990/PensionPlanContributionsGrp/TotalAmt014399
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt07095103
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt07095103
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04255657
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02960830
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0453032
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0345524
IRS990/PrincipalOfficerNm0JEAN-PAUL WARMOES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0ADMIN, MGT & INVESTMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1ADVISORY SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0777358
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0777358
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114500
IRS990/ProgSrvcAccomActy2Grp/Desc0ADVISORY SERVICESS CONTRIBUTE TO THE ACCOMPLISHMENT OF THE ORGANIZATION'S EXEMPT PURPOSES BY PROVIDING DONORS AND PROSPECTIVE DONORS WITH RESEARCH REGARDING POTENTIAL FUNDING OPPORTUNITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt012000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt014500
IRS990/ProgSrvcAccomActy3Grp/Desc0STUDY VISITS ON THE ART & SCIENCE OF FUNDRAISING - SEVENTY ONE EXECUTIVES FROM EUROPEAN AND AFRICAN UNIVERSITIES AND CULTURAL INSTITUTIONS JOINED US FOR OUR TWO 2018 STUDY VISITS ON THE ART & SCIENCE OF FUNDRAISING. DURING FOUR DAYS OF DISCUSSIONS WITH NEW YORK CITY'S MOST TALENTED FUNDRAISERS, THEY EXPLORE CREATIVE SOLUTIONS TO BROADEN THEIR FUNDING.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0114615
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt019113877
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt018673180
IRS990/PYInvestmentIncomeAmt01118520
IRS990/PYOtherExpensesAmt0620072
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0741777
IRS990/PYRevenuesLessExpensesAmt01085865
IRS990/PYSalariesCompEmpBnftPaidAmt0595057
IRS990/PYTotalExpensesAmt019888309
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt020974174
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01566048
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0777358
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02498093
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06100139
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt020322581
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt019113877
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt025003311
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt016398115
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt019986588
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0100824472
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0414046
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0393003
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0636408
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0362381
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0375996
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02181834
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02798719
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.83020
IRS990ScheduleA/PublicSupportPY170Pct00.83120
IRS990ScheduleA/PublicSupportTotal170Amt085516204
IRS990ScheduleA/SubstantialContributorsTotAmt015308268
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt020322581
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt019113877
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt025003311
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt016398115
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt019986588
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0100824472
IRS990ScheduleA/TotalSupportAmt0103006306
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt03020678
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/RevenuesIncludedAmt061000
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedLoanOrExchProgInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt05923
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt011394231
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt010491311
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-896997
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt09645
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt07020217
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt07061797
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt069426
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01926612
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01805961
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt05444
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt06984616
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt07020217
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0617729
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0576684
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt05377
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt07180294
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt06984616
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-98643
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt091658
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt07902
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt07186045
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt07180294
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt047517
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0430511
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0380843
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonorAdvisedFundsContriAmt05818625
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt04884464
IRS990ScheduleD/DonorAdvisedFundsHeldCnt047
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt03330268
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt020221439
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1875548
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07200
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13020678
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DONATED ARTWORK
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-1875548
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt021787487
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0KBFUS' BOARD OF DIRECTORS APPROVED THE KBFUS ART PROGRAM AS A FURTHER MEANS OF CARRYING OUT KBFUS' MISSION (TO FACILITATE THOUGHTFUL, EFFECTIVE GIVING TO EUROPE AND AFRICA) AND REALIZING KBFUS' VISION (TO BE THE LEADING RESOURCE FOR PHILANTHROPIC GIVING TO EUROPE AND AFRICA). THROUGH KBFUS ART, KBFUS SOLICITS AND ACCEPTS DONATIONS OF ARTWORKS, AND MAKES THEM AVAILABLE FOR DISPLAY IN NUMEROUS MUSEUMS AND OTHER CULTURAL INSTITUTIONS IN EUROPE OR AFRICA. KBFUS EFFECTIVELY (ALTHOUGH NOT LEGALLY) SERVES IN THE ROLE OF TRUSTEE OF ITS COLLECTION FOR THE BENEFIT OF THE PUBLIC. A FUNDAMENTAL ASPECT OF THE KBFUS ART PROGRAM IS KBFUS' COOPERATION WITH MUSEUMS AND OTHER CULTURAL INSTITUTIONS LOCATED IN EUROPE AND AFRICA THROUGH A LOAN PROGRAM THAT INCREASES PUBLIC ACCESS TO THE ARTWORKS ACQUIRED THROUGH THE KBFUS ART PROGRAM. ALL ARTWORKS PROPOSED TO BE ACQUIRED THROUGH THE KBFUS ART PROGRAM SHOULD ADVANCE KBFUS' MISSION AND VISION. BEFORE A PROPOSED GIFT OF AN ARTWORK IS ACCEPTED, THE KBFUS ART ADVISORY COMMITTEE MUST MEET TO DETERMINE IF AND WHY IT IS DESIRABLE FOR KBFUS TO ACQUIRE THE ARTWORK. KBFUS ACQUIRES ARTWORKS FOR PERMANENT RETENTION. AS A GENERAL RULE, KBFUS WILL DEACCESSION AN ARTWORK ONLY IF DOING SO WILL ENABLE IT TO BETTER SERVE THE PUBLIC. IN ALL CASES OF DEACCESSIONING, THE STRONGLY PREFERRED METHOD OF DISPOSING OF AN ARTWORK IS BY GRANTING THE DEACCESSIONED ARTWORK TO ANOTHER NONPROFIT CULTURAL OR EDUCATIONAL INSTITUTION WHERE THE ARTWORK MAY BENEFIT THE PUBLIC IN A SIMILAR WAY THAT KBFUS' USE OF THE ARTWORK HAS PREVIOUSLY BENEFITED THE PUBLIC. IN THOSE RARE INSTANCES IN WHICH A DEACCESSIONED ARTWORK IS SOLD BY KBFUS, ALL FUNDS RECEIVED FROM THE SALE OF THE WORK SHALL BE USED TO FUND THE ACQUISITION OF OTHER WORKS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1KBF REVIEWED ITS TREATMENT OF ENDOWMENT FUNDS AND HAS INCLUDED ADDITIONAL AMOUNTS AS AN ENDOWMENT. THIS CHANGE WILL CARRY FORWARD TO FUTURE REPORTING BUT IS THE REASON THE BEGINNING BALANCE DOESN'T MATCH THE PRIOR YEAR END OF YEAR BALANCE THIS ONE TIME.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2015-2017) OR EXPECTED TO BE TAKEN IN THE FOUNDATION'S 2018 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4:

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,056,932
Liabilities
$4,919,915
Net assets
$22,137,017
Revenue
$21,787,487
Expenses
$20,221,439
Net income
$1,566,048
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$123$42.3$80.7$201$175$25.5
2023Detailed filing. Detailed filing data is available for this year.$71.4$16.2$55.2$121$124$2.68
2022Detailed filing. Detailed filing data is available for this year.$66.0$11.2$54.8$107$101$6.48
2021Detailed filing. Detailed filing data is available for this year.$71.3$19.1$52.2$81.6$59.7$22.0
2020Detailed filing. Detailed filing data is available for this year.$36.4$6.50$29.9$56.7$57.2$0.57
2019Detailed filing. Detailed filing data is available for this year.$35.5$5.74$29.8$27.4$22.6$4.80
2018Detailed filing. Detailed filing data is available for this year.$27.1$4.92$22.1$21.8$20.2$1.57
2017Detailed filing. Detailed filing data is available for this year.$27.7$5.26$22.4$21.0$19.9$1.09
2016Detailed filing. Detailed filing data is available for this year.$28.1$8.34$19.8$26.3$23.4$2.92
2015Detailed filing. Detailed filing data is available for this year.$22.9$6.32$16.6$18.0$18.7$0.68
2014Detailed filing. Detailed filing data is available for this year.$25.9$7.40$18.5$20.6$21.1$0.53
2013Detailed filing. Detailed filing data is available for this year.$19.4$0.79$18.6$16.9$14.3$2.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.1$2.32$14.8$10.5
2011Summary only. Only limited summary data is available for this year.$13.9$3.52$10.3$17.9$11.0$6.85