2022-04-14T15:02:43-05:00 2021-05-31 366055558 GRANT THORNTON LLP 1000 WILSON BLVD SUITE 1400 ARLINGTON VA 22209 990 2020-06-01 237121060 BRITE DIVINITY SCHOOL BRIT 8172577575 TCU BOX 298130 FORT WORTH TX 76129 DR D NEWELL WILLIAMS PRESIDENT 8152577575 2022-04-14 1 DR NEWELL WILLIAMS 999009999 MARY TORRETTA P00847851 7038477500 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR D NEWELL WILLIAMS TCU BOX 298130 FORT WORTH TX 76129 22216595 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) 27 26 72 32 53 0 4008427 2506388 3556141 3068784 3571285 10707641 508051 573672 11643904 16856485 2183608 2035934 0 0 4438618 4868437 0 0 612274 2881635 2758930 9503861 9663301 2140043 7193184 114067639 131791900 3571391 4439910 110496248 127351990 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 4764823 1894434 2366751 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 150 INDIVIDUALS FROM MORE THAN 25 DIFFERENT DENOMINATIONS AND 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 90% OF BRITE'S STUDENTS RECEIVE FINANCIAL AID FUNDED BY BRITE. 668269 0 696058 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. ONE FULL-TIME MANAGER AND PART-TIME STAFF ARE EMPLOYED FOR THE BENEFIT OF THE FACILITY. 347833 141500 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. DURING FY21, RESEARCH AND RELATED PROGRAMS ALSO PROVIDED GRANTS. FACULTY RECEIVE REGULAR RESEARCH LEAVES AND TRAVEL SUPPORT THAT ASSISTS IN THE PRESENTATION AND PUBLICATION OF PAPERS AND BOOKS. 1689308 0 5975 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. 1689308 0 5975 7470233 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 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 92 0 1 72 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X DR D NEWELL WILLIAMS 8172577575 TCU BOX 298130 FORT WORTH TX 76129 DR D NEWELL WILLIAMS PRESIDENT 40.00 0.00 X X 252758 0 51385 MS MARY BROUILLETTE VP FOR ADVANCEMENT 40.00 0.00 X 134290 0 26646 DR JAMES O DUKE PROFESSOR 40.00 0.00 X 129903 0 27281 DR JORETTA L MARSHALL PROFESSOR 40.00 0.00 X 129472 0 27213 MS MICHELE G SMITH VP BUSINESS AND FINANCE 40.00 0.00 X 116273 0 39059 DR JEFFREY T WILLIAMS ASSOCIATE DEAN/ASSOC. PROF. 40.00 0.00 X 106094 0 46805 DR MICHAEL ST A MILLER EXECUTIVE VP/DEAN 40.00 0.00 X 125837 0 23327 DR STEPHEN V SPRINKLE PROFESSOR 40.00 0.00 X 105089 0 25388 DR NAMSOON KANG PROFESSOR 40.00 0.00 X 106681 0 21631 DR TIMOTHY CAP DIEBEL CHAIR OF THE BOARD 2.00 0.00 X X 0 0 0 DR STUART D MCDONALD VICE-CHAIR OF THE BOARD 2.00 0.00 X X 0 0 0 MS LINDA H BROOKSHIRE SECRETARY OF THE BOARD 2.00 0.00 X X 0 0 0 MR PAUL R RAY JR 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 2.00 0.00 X 0 0 0 DR VICTOR J BOSCHINI JR TRUSTEE 2.00 0.00 X 0 0 0 MR CHAD E CLINE TRUSTEE 2.00 0.00 X 0 0 0 DR TAHITA N FULKERSON TRUSTEE 2.00 0.00 X 0 0 0 MR CHRISTOPHER R GARRETT TRUSTEE 2.00 0.00 X 0 0 0 MR DANIEL J RED GOLDSTEIN TRUSTEE 2.00 0.00 X 0 0 0 MR BENARD C HENDRICK VII TRUSTEE 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 CLAYTON J HOOVER TRUSTEE 2.00 0.00 X 0 0 0 REV CHARLES F JOHNSON TRUSTEE 2.00 0.00 X 0 0 0 REV VIRZOLA LAW 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 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 1206397 0 288735 9 0 1 0 GRAYSTONE CONSULTING 1617 N WATERFRONT SUITE 200 WICHITA KS 67206 INVESTMENTS 232355 1 2506388 73684 2506388 TUITION & FEES 611710 2366751 2366751 HOUSING RENTAL 721310 696058 696058 OTHER FEES 900099 5975 5975 3068784 2629610 53 2629557 571684 571684 13436089 2052 5360110 0 8075979 2052 8078031 8078031 MISCELLANEOUS INCOME 900099 1988 1988 1988 16856485 3068784 53 11281260 141500 141500 1894434 1894434 774579 150726 462351 161502 2913834 2549958 154054 209822 220257 198422 7684 14151 709775 551720 88312 69743 249992 184599 39886 25507 57892 3311 54581 71732 71732 253068 253068 63927 52007 9920 2000 1300 1000 300 50904 17931 9214 23759 19450 19450 105082 49658 49710 5714 17189 15648 1475 66 10036 8768 1068 200 342288 280674 38553 23061 15545 15545 TCU ADMIN FEE 908057 592644 242315 73098 AUXILIARY 668269 668269 DUES & SUBSCRIPTIONS 72681 61008 9872 1801 SPECIAL SERVICES 43490 12641 30185 664 58020 16865 40269 886 9663301 7470233 1580794 612274 1789979 465733 95024 138389 619 7226 25083214 10141980 15403515 14941234 54381520 63509162 36940096 48542235 5456886 4187921 114067639 131791900 2673312 2730929 128548 107275 748800 1496300 20731 105406 3571391 4439910 X 23723497 25597868 86772751 101754122 110496248 127351990 114067639 131791900 X 7193184 9555833 106725 X 0 1 X 1 0 X 1942648 2924659 1931449 4008427 2506388 13313571 1942648 2924659 1931449 4008427 2506388 13313571 491042 12822529 1869081 2187451 3074841 3267748 3201241 13600362 266 155 200 1157 53 1831 9417 12398 10722 9689 1988 44214 26959978 19319966 0.47560 0.46900 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 2016 AMOUNT: $ 9,417. 2017 AMOUNT: $ 12,398. 2018 AMOUNT: $ 10,722. 2019 AMOUNT: $ 9,689. 2020 AMOUNT: $ 1,988. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92066245 1428296 19396650 1808597 1625554 109457040 91186028 2592448 1716287 1733879 1694639 92066245 88221369 894822 5494502 1727018 1697647 91186028 84129444 597191 6868835 1800140 1573961 88221369 80653635 506872 6303620 1735791 1598892 84129444 0.09640 0.61700 0.28660 1 1 1 239893 239893 18789512 5744638 13044874 0 1771002 1657753 113249 4282807 2739589 1543218 14941234 INVESTMENTS HELD IN TRUST 22558527 F LTD. PARTNERSHIP INVESTMENTS 13073003 F ALTERNATIVE INVESTMENTS 12910705 F 48542235 DUE TO ACADEMIC AFFILIATE 105406 105406 X 24417395 9555833 106725 9662558 14754837 253068 1848580 2101648 16856485 7561653 0 7561653 253068 1848580 2101648 9663301 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 THE SCHOOL IS A TAX-EXEMPT INSTITUTION UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE OF 1986 ("IRC"), AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC. THE SCHOOL HAS CONCLUDED THAT IT DOES NOT HAVE ANY UNRECOGNIZED TAX BENEFITS RESULTING FROM CURRENT OR PRIOR PERIOD TAX POSITIONS. ACCORDINGLY, NO ADDITIONAL DISCLOSURES HAVE BEEN MADE ON THE FINANCIAL STATEMENTS REGARDING UNCERTAIN TAX POSITIONS. THE SCHOOL DOES NOT HAVE ANY OUTSTANDING INTEREST OR PENALTIES, AND NONE HAVE BEEN RECORDED IN THE STATEMENT OF ACTIVITIES FOR THE YEARS ENDED MAY 31, 2021 AND 2020. AS OF MAY 31, 2021, THE SCHOOL'S TAX YEARS ENDED MAY 31, 2018 THROUGH 2021, GENERALLY REMAIN SUBJECT TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET CHANGE IN CHARITABLE GIFT ANNUITIES 106,725. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 1,894,434. POST RETIREMENT HEALTH BENEFIT -45,854. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 1,894,434. POST RETIREMENT HEALTH BENEFIT -45,854. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 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. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 18748000 0 0 0 0 0 0 18748000 0 18748000 1 0 1 0 1 0 PART III ACCOUNTING METHOD: 1 SOUTHWEST GOOD SAMARITAN MINISTRIES PO BOX 273 LOS FRESNOS TX 78566 752763826 501(C)(3) 15506 LUCE COVID-19 EMERGENCY GRANT ABARA FRONTIERCIUDAD NUEVA 810 N CAMPBELL STREET EL PASO TX 79902 200806957 501(C)(3) 10000 LUCE COVID-19 EMERGENCY GRANT BORDERLAND RAINBOW CENTER 2714 WYOMING AVENUE EL PASO TX 79903 742809637 501(C)(3) 10000 LUCE COVID-19 EMERGENCY GRANT LA MUJER OBRERACAFE MAYAPAN 2000 TEXAS AVENUE EL PASO TX 79901 742219654 501(C)(3) 10000 LUCE COVID-19 EMERGENCY GRANT SOUTHSIDE PRESBYTERIAN CHURCHSOUTHSIDE WORKER CENTER PO BOX 27640 TUCSON AZ 27640 860748470 501(C)(3) 10000 LUCE COVID-19 EMERGENCY GRANT SIGUIENDO LOS PASOS DE JESUS (SPJ) 1431 TRAMONTO NEW BRAUNFELS TX 78132 830449292 501(C)(3) 10000 LUCE COVID-19 EMERGENCY GRANT COOPERATIVE BAPTIST FELLOWSHIP INC 160 CLAIREMONT AVENUE SUITE 500 DECATUR GA 30030 581960860 501(C)(3) 10000 LUCE COVID-19 EMERGENCY GRANT ALLIANCE FOR GLOBAL JUSTICE 225 E 26TH ST 1 TUCSON AZ 85713 522094677 501(C)(3) 10000 LUCE COVID-19 EMERGENCY GRANT SAN ANTONIO MENNONITE CHURCH 1443 SOUTH ST MARYS STREET SAN ANTONIO TX 78210 742398388 501(C)(3) 10000 LUCE COVID-19 EMERGENCY GRANT CHURCH WORLD SERVICE PO BOX 968 ELKHART IN 46515 134080201 501(C)(3) 10000 LUCE COVID-19 EMERGENCY GRANT GENTEX (GENDER EQUALITY OF TEXAS) 1901 N COL ROWE BLVD APT 704 MCALLEN TX 78501 851628745 501(C)(3) 10000 LUCE COVID-19 EMERGENCY GRANT BORDER NETWORK FOR HUMAN RIGHTS 2115 N PIEDRAS STREET EL PASO TX 79930 742493012 501(C)(3) 10000 LUCE COVID-19 EMERGENCY GRANT 4 SAINTS EPISCOPAL FOOD PANTRY PO BOX 8695 FORT WORTH TX 761240695 815377994 501(C)(3) 7494 LUCE COVID-19 EMERGENCY GRANT 13 TUITION GRANTS AND STIPENDS 131 1894434 0 PART I, LINE 2: PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE U.S. GRANT APPLICATIONS FROM ORGANIZATIONS ARE REVIEWED AND APPROVED BY A SELECTION COMMITTEE. IN ORDER TO RECEIVE APPROVAL, THE ORGANIZATIONS ARE ASKED TO PROVIDE STATISTICAL DATA TO PROVE THEY MEET THE CRITERIA AND ELIGIBILITY TO RECEIVE FUNDING. A FORMAL REQUEST FOR THE FUNDS ARE REQUIRED TO BE ACCOMPANIED WITH A BUDGET AND NARRATIVE OUTLINING HOW THE FUNDS WILL BE USED. 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 0 0 0 0 0 0 0 0 0 DR D NEWELL WILLIAMS PRESIDENT 245494 0 0 0 7264 0 26956 0 24429 0 304143 0 0 0 MS MARY BROUILLETTE VP FOR ADVANCEMENT 134290 0 0 0 0 0 15662 0 10984 0 160936 0 0 0 DR JAMES O DUKE PROFESSOR 129903 0 0 0 0 0 15416 0 11865 0 157184 0 0 0 DR JORETTA L MARSHALL PROFESSOR 129472 0 0 0 0 0 13570 0 13643 0 156685 0 0 0 MS MICHELE G SMITH VP BUSINESS AND FINANCE 116273 0 0 0 0 0 14096 0 24963 0 155332 0 0 0 DR JEFFREY T WILLIAMS ASSOCIATE DEAN/ASSOC. PROF. 106094 0 0 0 0 0 12909 0 33896 0 152899 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. X 10 73684 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 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 ADJUSTMENTS TO THE PRESIDENT'S ANNUAL COMPENSATION 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. EVALUATION RESPONSES ARE COLLATED, REPORTED TO AND REVIEWED WITH THE PRESIDENT, 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 PRESIDENTS COMPENSATION FOR THE COMING YEAR. 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 106,725. 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