2024-04-15T15:27:49-05:00 2023-05-31 366055558 GRANT THORNTON LLP 1000 WILSON BLVD SUITE 1500 ARLINGTON VA 22209 990 2022-06-01 237121060 BRITE DIVINITY SCHOOL BRIT 8172577575 TCU BOX 298130 FORT WORTH TX 76129 REV DR STEPHEN CADY PRESIDENT 8172577575 2024-04-15 1 REV DR STEPHEN CADY 999009999 0 MARY TORRETTA P00847851 7038477500 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z REV DR STEPHEN CADY TCU BOX 298130 FORT WORTH TX 76129 21516480 0 X WWW.BRITE.TCU.EDU X 1914 TX BRITE DIVINITY SCHOOL EDUCATES AND INSPIRES PEOPLE TO SERVE GOD'S DIVERSE (CONTINUED ON PART III) 23 23 69 28 0 0 2969584 5108524 2764087 2118834 4346553 8805621 961641 1413021 11041865 17446000 1622727 937554 0 0 4199663 4459626 0 0 623956 3054142 3350526 8876532 8747706 2165333 8698294 130805914 127606231 3191721 3230725 127614193 124375506 X BRITE DIVINITY SCHOOL EDUCATES AND INSPIRES PEOPLE TO SERVE GOD'S DIVERSE WORLD AS LEADERS IN CHURCHES, THE ACADEMY, AND PUBLIC LIFE. 0 0 3521959 937554 1259299 BRITE DIVINITY SCHOOL EDUCATES AND INSPIRES PEOPLE TO SERVE GOD'S DIVERSE WORLD AS LEADERS IN CHURCHES, THE ACADEMY, AND PUBLIC LIFE. SEE SCHEDULE O FOR MORE.BRITE DIVINITY SCHOOL EDUCATES AND INSPIRES PEOPLE TO SERVE GOD'S DIVERSE WORLD AS LEADERS IN CHURCHES, THE ACADEMY AND PUBLIC LIFE. APPROXIMATELY 116 INDIVIDUALS FROM MORE THAN 24 DIFFERENT DENOMINATIONS AND 6 COUNTRIES ACROSS THE GLOBE ATTEND BRITE. DEGREES OFFERED INCLUDE MASTER OF DIVINITY (M.DIV.), MASTER OF ARTS IN THEOLOGY AND MINISTRY (M.A.T.M.), MASTER OF THEOLOGICAL STUDIES (M.T.S.), MASTER OF THEOLOGY (TH.M.), DOCTOR OF MINISTRY (D.MIN.), DOCTOR OF PHILOSOPHY (PH.D.), AS WELL AS COLLABORATIVE DEGREES WITH THE NEELEY SCHOOL OF BUSINESS AT TCU (M.DIV./M.B.A., M.A.T.M./M.B.A. AND M.T.S./M.B.A.) AND THE TCU DEPARTMENT OF SOCIAL WORK (M.DIV./M.S.W., M.A.T.M./M.S.W., AND M.T.S./M.S.W.). BRITE ALSO OFFERS SEVEN CERTIFICATE PROGRAMS THAT CAN BE INCORPORATED INTO THE M.DIV., M.T.S., M.A.T.M. AND CERTIFICATE OF THEOLOGICAL STUDIES PROGRAMS. ESSENTIAL TO AND IN SUPPORT OF THE DEGREE PROGRAMS AND FACULTY RESEARCH IS OUR LIBRARY WITH OVER 178,000 PRINTED VOLUMES AND 49,000 BOUND PERIODICALS, PLUS E-BOOKS, JOURNALS AND RELATED INDICES. ALL FACULTY MEMBERS HAVE A TERMINAL DEGREE IN THEIR FIELD. A LONG-TERM GOAL OF THE SCHOOL HAS BEEN TO MAKE THEOLOGICAL EDUCATION AFFORDABLE AND ACCESSIBLE, AND AS A RESULT, APPROXIMATELY 86% OF BRITE'S STUDENTS RECEIVE FINANCIAL AID FUNDED BY BRITE. 712503 0 854450 BRITE'S LEIBROCK VILLAGE APARTMENTS PROVIDE CONVENIENTLY LOCATED AFFORDABLE HOUSING FOR STUDENTS AND THEIR FAMILIES. THE VILLAGE CONSISTS OF 56 UNITS IN THREE SEPARATE BUILDINGS ARRANGED TO PROMOTE COMMUNITY TO THE FULLEST. TWO FULL-TIME STAFF ARE EMPLOYED FOR THE BENEFIT OF THE FACILITY. 326942 0 0 RESEARCH AND RELATED PROGRAMS ENHANCE THE LIFE OF BRITE AND ITS CONSTITUENTS. THE RESEARCH AND RELATED PROGRAM SERVICES ARE PROJECTS ORGANIZED SPECIFICALLY TO ENHANCE THE MISSION OF THE DIVINITY SCHOOL. WORK IS INTERNALLY AND EXTERNALLY FUNDED, OFTEN BY MULTI-YEAR GRANTS. FACULTY RECEIVE REGULAR RESEARCH LEAVES AND TRAVEL SUPPORT THAT ASSISTS IN THE PRESENTATION AND PUBLICATION OF PAPERS AND BOOKS. 1175691 0 5085 IN ADDITION TO AND IN SUPPORT OF GRANTING DEGREES, BRITE PROVIDES FIELD EDUCATION TRAINING THROUGH ITS SUPERVISED MINISTRY PROGRAM. STUDENTS ARE PLACED IN A VARIETY OF CHURCHES AND AGENCIES THROUGHOUT THE AREA TO ENHANCE THE INTEGRATION OF CLASSROOM LEARNING AND MINISTERIAL PRACTICE. CONTINUING EDUCATION OPPORTUNITIES ARE PROVIDED FOR AREA MINISTERS AND LAY LEADERS, INCLUDING MINISTERS WEEK AND STALCUP SCHOOL FOR THE LAITY. FURTHER ENRICHING THE EXPERIENCE OF STUDENTS ARE RELEVANT SPEAKERS AT WEEKLY CHAPEL SERVICES AND OTHER FOCUSED EVENTS. 1175691 0 5085 5737095 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 83 0 1 69 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X REV DR STEPHEN CADY 8172577575 TCU BOX 298130 FORT WORTH TX 76129 DR D NEWELL WILLIAMS PRESIDENT (THRU 8/2022) 40.00 0.00 X X 294616 0 378430 DR STUART D MCDONALD CHAIR OF THE BOARD 2.00 0.00 X X 0 0 0 REV VIRZOLA LAW VICE-CHAIR OF THE BOARD 2.00 0.00 X X 0 0 0 REV CHARLES F JOHNSON SECRETARY OF THE BOARD 2.00 0.00 X X 0 0 0 DR TIMOTHY CAP DIEBEL IMMEDIATE PAST CHAIR OF BOARD 2.00 0.00 X 0 0 0 MRS JANET M ANDERSON TRUSTEE 2.00 0.00 X 0 0 0 DR KEITH E ARGENBRIGHT TRUSTEE (THRU 10/2022) 2.00 0.00 X 0 0 0 DR VICTOR J BOSCHINI JR TRUSTEE 2.00 0.00 X 0 0 0 MS LINDA H BROOKSHIRE TRUSTEE 2.00 0.00 X 0 0 0 DR BILL CURTIS TRUSTEE 2.00 0.00 X 0 0 0 MR J DAVID DICKSON TRUSTEE 2.00 0.00 X 0 0 0 MR DANIEL J RED GOLDSTEIN TRUSTEE 2.00 0.00 X 0 0 0 REV ALLEN V HARRIS TRUSTEE (THRU 4/2023) 2.00 0.00 X 0 0 0 MR WILLIAM HENDRIX TRUSTEE 2.00 0.00 X 0 0 0 DR ROBERT W HOLLOWAY TRUSTEE 2.00 0.00 X 0 0 0 MR JEFFREY B KING TRUSTEE 2.00 0.00 X 0 0 0 REV DR JANET A LONG TRUSTEE 2.00 0.00 X 0 0 0 REV DR ANDY MANGUM TRUSTEE 2.00 0.00 X 0 0 0 MR STEPHEN S MOSHER TRUSTEE 2.00 0.00 X 0 0 0 MR HAROLD D MUCKLEROY JR TRUSTEE 2.00 0.00 X 0 0 0 DR STEFFEN PALKO TRUSTEE 2.00 0.00 X 0 0 0 REV DR RUSS PETERMAN TRUSTEE 2.00 0.00 X 0 0 0 REV CAESAR H RENTIE TRUSTEE 2.00 0.00 X 0 0 0 MRS BETH RIVERS TRUSTEE 2.00 0.00 X 0 0 0 DR TIMOTHY STEVENS TRUSTEE 2.00 0.00 X 0 0 0 MRS LINDA PILCHER WASSENICH TRUSTEE 2.00 0.00 X 0 0 0 REV MICHAEL COOPER-WHITE INTERIM PRESIDENT (AS OF 10/2022) 40.00 0.00 X 37276 0 0 DR MICHAEL ST A MILLER EXECUTIVE VP & DEAN 40.00 0.00 X 155687 0 34366 MR DONALD D WALKER VP FOR ADVANCEMENT 40.00 0.00 X 140347 0 37278 MR JEFFREY GUY AS OF 62022 VP BUS/FIN, TREAS, ASST SEC 40.00 0.00 X 83319 0 19059 DR CHARLES K BELLINGER PROFESSOR 40.00 0.00 X 100131 0 31999 DR NAMSOON KANG PROFESSOR 40.00 0.00 X 110201 0 18380 921577 0 519512 5 0 1 0 GRAYSTONE CONSULTING 1617 N WATERFRONT SUITE 200 WICHITA KS 67206 INVESTMENTS 241566 1 747500 4361024 349248 5108524 TUITION & FEES 611710 1259299 1259299 HOUSING RENTAL 721310 854450 854450 OTHER FEES 900099 5085 5085 2118834 2757585 2757585 1409641 1409641 9245779 872737 4070480 0 5175299 872737 6048036 6048036 MISCELLANEOUS INCOME 900099 3380 3380 3380 17446000 2118834 0 10218642 937554 937554 843205 191553 474027 177625 458367 458367 2308965 2046020 49019 213926 178199 149949 14612 13638 448533 346899 45079 56555 222357 161260 34729 26368 44000 44000 70196 70196 86681 86681 203799 203799 145015 72312 69703 3000 2059 179 1880 75513 15064 50340 10109 56821 54961 1860 142404 55594 79354 7456 179931 135319 31304 13308 5017 3447 410 1160 277389 230072 26550 20767 32637 32637 TCU ADMIN FEE 952619 523156 351019 78444 AUXILIARY 712503 712503 MISC. SERVICES 256323 44371 211155 797 DUES & SUBSCRIPTIONS 65421 54480 10911 30 42198 2402 39023 773 8747706 5737095 2386655 623956 1150657 3344285 20290 46620 16397 420929 25361858 11125053 14486652 14236805 59226267 62136731 47829877 43978675 0 0 8075774 3442186 130805914 127606231 2118834 2859464 113027 76055 747500 212360 295206 3191721 3230725 X 26016318 27971191 101597875 96404315 127614193 124375506 130805914 127606231 X 8698294 -11962262 25281 X 0 1 X 1 0 X 1931449 4008427 2506388 2969584 5108524 16524372 1931449 4008427 2506388 2969584 5108524 16524372 1269178 15255194 3074841 3267748 3201241 4052853 4167226 17763909 200 1157 53 52 0 1462 10722 9689 1988 1084 3380 26863 34316606 15491267 0.44450 0.44010 X PART I, LINE 2: PUBLIC SUPPORT TEST BRITE DIVINITY SCHOOL HAS BEEN RECOGNIZED AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II), AND AS SUCH, BRITE HAS CHECKED BOX 2 ON SCHEDULE A, PART I AND COMPLETED SCHEDULE E. BRITE DIVINITY SCHOOL ALSO SATISFIES THE PUBLIC SUPPORT TEST AS DESCRIBED UNDER BOX 7 ON SCHEDULE A, PART I. BRITE HAS ELECTED TO COMPLETE SCHEDULE A, PART II IN ORDER TO QUALIFY FOR THE SPECIAL RULE FOR REPORTING CONTRIBUTIONS ON SCHEDULE B. PART II, LINE 10, EXPLANATION FOR OTHER INCOME: MISCELLANEOUS INCOME 2018 AMOUNT: $ 10,722. 2019 AMOUNT: $ 9,689. 2020 AMOUNT: $ 1,988. 2021 AMOUNT: $ 1,083. 2022 AMOUNT: $ 3,380 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 108566639 2587828 -5111650 1038230 2585296 102419291 109457040 1078805 1491265 983351 2477120 108566639 92066245 1428296 19396650 1808597 1625554 109457040 91186028 2592448 1716287 1733879 1694639 92066245 88221369 894822 5494502 1727018 1697647 91186028 0.09400 0.68330 0.22270 1 1 1 239893 239893 18789512 6530885 12258627 1733494 1674428 59066 4598959 2919740 1679219 14236805 INVESTMENTS HELD IN TRUST 23223148 F LTD. PARTNERSHIP INVESTMENTS 10264337 F ALTERNATIVE INVESTMENTS 10491190 F 43978675 DUE TO ACADEMIC AFFILIATE 295206 295206 X 4465346 -11962262 25281 -11936981 16402327 203799 839874 1043673 17446000 7704033 0 7704033 203799 839874 1043673 8747706 PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS THE PURPOSE OF THE ENDOWMENT FUND IS TO PROVIDE FUNDS IN PERPETUITY GENERALLY IN SUPPORT OF BRITE'S MISSION TO EDUCATE AND INSPIRE PEOPLE TO SERVE GOD'S DIVERSE WORLD AS LEADERS IN CHURCHES, THE ACADEMY, AND PUBLIC LIFE. INCLUDED IN, BUT NOT LIMITED TO THIS SUPPORT, ARE SCHOLARSHIPS, CHAIRS, PROFESSORSHIPS, AND PROGRAM SUPPORT. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE BRITE DIVINITY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET CHANGE IN CHARITABLE GIFT ANNUITIES 25,281. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 937,554. POST RETIREMENT HEALTH BENEFIT -97,680. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 937,554. POST RETIREMENT HEALTH BENEFIT -97,680. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 BRITE DIVINITY SCHOOL'S NONDISCRIMINATION POLICY STATEMENT IS INCLUDED IN ALL OF THE SCHOOL'S PROGRAM HANDBOOKS AND RECRUITMENT MATERIALS. IT IS ALSO INCLUDED ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 DURING FISCAL YEAR 2021, THE SCHOOL APPLIED FOR AND RECEIVED A SMALL BUSINESS ADMINISTRATION ROUND TWO PAYCHECK PROTECTION PLAN ("PPP") LOAN FOR $747,500 WHICH WAS RECORDED AS NOTES PAYABLE ON THE SCHOOL'S MAY 31, 2022 STATEMENT OF FINANCIAL POSITION. THE ROUND TWO LOAN WAS FORGIVEN ON AUGUST 5, 2022. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 17037000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES RESEARCH AND EDUCATION 20000 SOUTH AMERICA 0 0 PROGRAM SERVICES SEND AGENT TO SEMINAR 7000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES SEND AGENT TO SEMINAR 4000 0 0 0 0 0 0 17068000 0 17068000 1 0 1 0 1 0 PART III ACCOUNTING METHOD: 1 TUITION GRANTS AND STIPENDS 100 937554 PART I, LINE 2: PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE U.S. GRANT APPLICATIONS FROM INDIVIDUALS ARE REVIEWED AND APPROVED BY THE APPROPRIATE FINANCIAL AID PROFESSIONALS. UPON APPROVAL, FUNDS ARE APPLIED DIRECTLY TO THE STUDENT'S ACCOUNT AS AN OFFSET AGAINST CHARGES SUCH AS TUITION AND FEES. GRANTS CANNOT EXCEED THE STUDENT'S COST OF ATTENDANCE (COA). IN THE EVENT THAT THE COA IS REDUCED DUE TO A DECREASE IN THE STUDENT'S COURSE LOAD OR OTHER CIRCUMSTANCES IMPACTING SCHOOL CHARGES, THE RELATED GRANT IS ACCORDINGLY REDUCED. X 1 1 X X X 1 0 0 0 0 0 0 1 0 DR D NEWELL WILLIAMS PRESIDENT (THRU 8/2022) 54388 0 0 0 240228 0 361375 0 17055 0 673046 0 0 0 DR MICHAEL ST A MILLER EXECUTIVE VP & DEAN 80845 0 0 0 74842 0 12438 0 21928 0 190053 0 0 0 MR DONALD D WALKER VP FOR ADVANCEMENT 135282 0 1250 0 3815 0 12914 0 24364 0 177625 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE BOTH THE PRESIDENT AND DEAN ARE ORDAINED MINISTERS ENTITLED TO A MINISTERIAL HOUSING ALLOWANCE. THE PRESIDENT'S TOTAL COMPENSATION IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES ALSO APPROVES ANNUALLY THE DESIGNATION OF A PORTION OF OTHER ORDAINED MINISTERS' COMPENSATION AS A HOUSING ALLOWANCE, INCLUDING THE DEAN'S, SUBJECT TO THE PROVISIONS OF THE INTERNAL REVENUE CODE. PART I, LINE 4A SEVERANCE OR CHANGE-OF-CONTROL PAYMENTS IN FISCAL YEAR 2023, AN INDIVIDUAL LEFT THE ORGANIZATION UNDER AN AGREEMENT STIPULATING THAT THEY WOULD RECEIVE CHANGE-OF-CONTROL PAYMENTS IN MONTHLY INSTALLMENTS FROM THE DATE OF THEIR DEPARTURE THROUGH THE END OF FISCAL YEAR 2024. ALL PAYMENTS MADE IN CALENDAR YEAR 2022 ARE INCLUDED ON SCHEDULE J, PART II, COLUMN B(III), AND THE AMOUNT REMAINING TO BE PAID AS OF DECEMBER 31, 2022 IS INCLUDED ON SCHEDULE J, PART II, COLUMN C. THE TOTAL AMOUNT TO BE PAID THROUGH THE END OF FISCAL YEAR 2024 WAS ACCRUED AND EXPENSED IN FISCAL YEAR 2023 AND IS THEREFORE REPORTED IN ITS ENTIRETY ON FORM 990, PART IX, LINE 6. THE BALANCE REMAINING TO BE PAID AS OF MAY 31, 2023 IS REPORTED ON FORM 990, PART X, LINE 17. PART I, LINE 7 NON-FIXED PAYMENTS BRITE DIVINITY SCHOOL HAS A PERFORMANCE-BASED INCENTIVE COMPENSATION PLAN. CERTAIN EMPLOYEES OF THE ORGANIZATION CAN EARN INCENTIVE COMPENSATION IF THEY MEET THE CRITERIA OUTLINED IN THEIR RESPECTIVE EMPLOYMENT AGREEMENTS. X 5 349248 COST 0 1 0 PART I, COLUMN (B): CONTRIBUTIONS OF SECURITIES THE NUMBER REFLECTED IN COLUMN (B) REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 3 DELEGATION OF MANAGEMENT DUTIES DURING A TIME OF TRANSITION, BRITE DIVINITY SCHOOL ENGAGED THE REGISTRY FOR COLLEGE AND UNIVERSITY PRESIDENTS TO PROVIDE INTERIM PRESIDENT SERVICES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE AUDIT COMMITTEE OF THE SCHOOL MET AND REVIEWED THE FORM 990 AND RELATED SCHEDULES WITH BRITE'S FINANCE DEPARTMENT. THE AUDIT COMMITTEE APPROVED THE FORM 990 AND RELATED SCHEDULES AS PRESENTED. FINALLY, A PDF FILE OF THE FORM 990 AND RELATED SCHEDULES WAS MADE AVAILABLE TO EACH TRUSTEE ELECTRONICALLY FOR THEIR REVIEW PRIOR TO THE FILING. TRUSTEES WERE ENCOURAGED TO CONTACT THE FINANCE DEPARTMENT WITH ANY QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY BRITE HAS A CONFLICT OF INTEREST POLICY WHICH IS REVIEWED AND REVISED ANNUALLY TO COMPLY WITH CURRENT REGULATIONS. THIS POLICY NOTES RELATIONSHIPS AND TRANSACTIONS THAT MAY GIVE RISE TO A CONFLICT OF INTEREST OR THE APPEARANCE THEREOF. IT DESCRIBES THE MEANS FOR NOTIFYING THE SCHOOL'S ADMINSTRATION OR BOARD OF TRUSTEES OF KNOWN POTENTIAL CONFLICTS, WHICH IS DONE IN WRITING ON AN ANNUAL BASIS. THESE WRITTEN NOTIFICATIONS, ALONG WITH ANY OTHER POTENTIAL CONFLICTS THAT ARISE, ARE REVIEWED BY MANAGEMENT, AND ADJUSTMENTS ARE MADE TO COMMITTEE ASSIGNMENTS AS NEEDED. ADDITIONALLY, VOTING PRIVILEGES ARE DISCUSSED WITH TRUSTEES, AS NECESSARY, TO COMPLY WITH THE POLICY AND AVOID ANY APPEARANCE OF CONFLICT. WHEN A CONFLICT OR POTENTIAL CONFLICT EXISTS, THE AFFECTED PERSON SHALL ABSTAIN FROM VOTING OR ACTING UPON THE PERTINENT ITEM, WITHDRAW FROM THE MEETING, AND ABSTAIN FROM PARTCIPATING IN OR INFORMALLY INFLUENCING THE DECISION-MAKING PROCESS EXCEPT TO PROVIDE FACTUAL INFORMATION UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION THE PROCESS FOR DETERMINING ANY ADJUSTMENT TO THE PRESIDENT'S ANNUAL COMPENSATION ROUTINELY BEGINS WITH A PERFORMANCE EVALUATION INITIATED BY THE CHAIR PERSON OF THE BOARD OF TRUSTEES, DISTRIBUTED TO EACH MEMBER OF THE BOARD OF TRUSTEES, BASED ON GOALS ESTABLISHED BY THE BOARD AND THE PRESIDENT. IN THIS CYCLE, THE EVALUATION CONSISTED OF 360-DEGREE REVIEW CONDUCTED BY AN OUTSIDE CONTRACTOR, AND INCLUDED RESPONSES FROM TRUSTEES, FACULTY, AND STAFF. EVALUATION RESPONSES WERE COLLATED, REPORTED TO AND REVIEWED WITH THE PRESIDENT AND PARTICIPATING GROUPS, ALONGSIDE THE PRESIDENT'S OWN SELF-EVALUATION. THESE STEPS ARE ACCOMPLISHED INDEPENDENT OF THE PRESIDENT'S COMPENSATION REVIEW. THE EXECUTIVE COMMITTEE OF THE BOARD SUBSEQUENTLY UTILIZES THIS INFORMATION, ALONG WITH COMPARATIVE DATA REGARDING CHIEF EXECUTIVE COMPENSATION FROM PEER INSTITUTIONS, IN DETERMINING THE PRESIDENT'S COMPENSATION FOR THE COMING YEAR. AS OF OCTOBER 2022, BRITE HAD AN INTERIM PRESIDENT WHOSE SALARY WAS ESTABLISHED AND PAID THROUGH THE AGENCY BASED ON THE SCHOOL'S NEEDS. FORM 990, PART VI, SECTION B, LINE 15B: OFFICER COMPENSATION THE PRESIDENT CONDUCTS ANNUAL PEFORMANCE EVALUATIONS OF THE EXECUTIVE VICE PRESIDENT AND DEAN, THE VICE PRESIDENT FOR BUSINESS AND FINANCE, AND THE VICE PRESIDENT FOR ADVANCEMENT. COMPENSATION OF THESE OFFICERS IS COMPARED TO INDUSTRY DATA PUBLISHED BY THE ASSOCIATION OF THEOLOGICAL SCHOOLS AND IS DETERMINED BY THE PRESIDENT ON THE BASIS OF THE PERFORMANCE EVALUATIONS AND BUDGETARY CONSTRAINTS. THE PRESIDENT MAINTAINS PERSONNEL FILES FOR THE PAID OFFICERS OF THE CORPORATION. THESE FILES INCLUDE ANNUAL REVIEWS AS DISCUSSED WITH AND SIGNED BY THE EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC GOVERNING DOCUMENTS ARE AVAILABLE FROM THE TEXAS SECRETARY OF STATE WEBSITE. AUDITED FINANCIAL STATEMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET CHANGE IN CHARITABLE GIFT ANNUITIES 25,281. WALKER MINISTERIAL FOUNDATION LLC TCU BOX 298130 FORT WORTH TX 76129 237121060 CHARITABLE TX 0 0 BRITE DIVINITY SCHOOL CHARITABLE REMAINDER TRUST SUPPORT TX N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0