2018-04-13T09:37:02-05:00 2017-05-31 GRANT THORNTON LLP 1617 N WATERFRONT PKWY STE 100 WICHITA KS 67206 990 2016-06-01 237121060 BRITE DIVINITY SCHOOL % MICHELE SMITH BRIT 8172577575 TCU BOX 298130 FORT WORTH TX 76129 DR D NEWELL WILLIAMS President 8152577575 2018-04-17 true Rebecca Zecha P00648970 3162653231 38.84.128.189 48105820181035000006 2018-04-13 P 1974B50D8FA3141F55B31DB7AF3A083643A93399 1974B50D8FA3141F55B31DB7AF3A083643A93399 2016 2021-01-29 14:40:06Z DR D NEWELL WILLIAMS TCU BOX 298130 FORT WORTH TX 76129 19280772 false X WWW.BRITE.TCU.EDU X 1914 TX BRITE EDUCATES WOMEN AND MEN TO LEAD IN THE MINISTRY OF CHRIST'S CHURCH, THE ACADEMY AND PUBLIC LIFE AS WITNESSES TO GOD'S RECONCILING AND TRANSFORMING LOVE AND JUSTICE. 29 28 84 87 266 -1797 2885571 1942648 4070333 4367765 6046609 2952115 79561 74782 13082074 9337310 2461702 2667090 0 0 4715775 4504827 0 0 526333 3051128 2776572 10228605 9948489 2853469 -611179 99702999 103629910 2386784 2675852 97316215 100954058 X BRITE DIVINITY SCHOOL EDUCATES WOMEN AND MEN TO LEAD IN THE MINISTRY OF CHRIST'S CHURCH, THE ACADEMY AND PUBLIC LIFE AS WITNESSES TO GOD'S RECONCILING AND TRANSFORMING LOVE AND JUSTICE. false false 5455510 2667090 3575820 BRITE DIVINITY SCHOOL EDUCATES WOMEN AND MEN TO LEAD IN THE MINISTRY OF CHRISTS CHURCH, THE ACADEMY AND PUBLIC LIFE. APPROXIMATELY 228 WOMEN AND MEN COME FROM 28 DIFFERENT DENOMINATIONS AND A NUMBER OF COUNTRIES TO 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. AND M.T.S./M.S.W.). BRITE ALSO OFFERS SEVEN CERTIFICATE PROGRAMS FOR NON-DEGREE SEEKING STUDENTS. ESSENTIAL TO AND IN SUPPORT OF THE DEGREE PROGRAMS AND FACULTY RESEARCH IS OUR LIBRARY WITH OVER 158,000 PRINTED VOLUMES AND 70,000 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 BRITES STUDENTS RECEIVE FINANCIAL AID FUNDED BY BRITE. 379679 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. 654460 767468 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. 1607537 24477 8097186 true true false false false false false false false true true true false false true true true false true false true false false false false false false false true true false false false false false false false false true false false false false true false false false true 78 0 true 84 true true true false false false false true true false false false false X 29 28 true false false false false false false true true false false true true true true true false true true false X X MICHELE SMITH 8172574739 TCU BOX 298130 FORT WORTH TX 76129 X DR D NEWELL WILLIAMS PRESIDENT 40.0 0.0 X X 222192 0 55786 MR PAUL R RAY JR CHAIR OF THE BOARD 2.0 0.0 X X 0 0 0 MS ELAINE V KELLAM IMMEDIATE PAST CH OF THE BOARD 2.0 0.0 X 0 0 0 DR TIMOTHY CAP DIEBEL VICE-CHAIR OF THE BOARD 2.0 0.0 X X 0 0 0 MS JO CAROLYN MCVEIGH SECRETARY OF THE BOARD 2.0 0.0 X X 0 0 0 DR KEITH E ARGENBRIGHT TRUSTEE 2.0 0.0 X 0 0 0 DR W ROGER BARKER TRUSTEE 2.0 0.0 X 0 0 0 DR VICTOR J BOSCHINI JR TRUSTEE 2.0 0.0 X 0 0 0 MS LINDA BROOKSHIRE TRUSTEE 2.0 0.0 X 0 0 0 MR CHAD E CLINE TRUSTEE 2.0 0.0 X 0 0 0 MS MICHAELA J CROMAR TRUSTEE 2.0 0.0 X 0 0 0 MR BRONSON C DAVIS TRUSTEE 2.0 0.0 X 0 0 0 DR TAHITA N FULKERSON TRUSTEE 2.0 0.0 X 0 0 0 MR DANIEL J RED GOLDSTEIN TRUSTEE 2.0 0.0 X 0 0 0 MR JOHN CATER HACKLEY TRUSTEE 2.0 0.0 X 0 0 0 MR BENARD C HENDRICK VII TRUSTEE 2.0 0.0 X 0 0 0 MR WILLIAM HENDRIX TRUSTEE 2.0 0.0 X 0 0 0 DR ROBERT W HOLLOWAY TRUSTEE 2.0 0.0 X 0 0 0 MR CLAYTON J HOOVER TRUSTEE 2.0 0.0 X 0 0 0 MR ALLAN HOWETH TRUSTEE 2.0 0.0 X 0 0 0 REV CHARLES F JOHNSON TRUSTEE 2.0 0.0 X 0 0 0 MR ROBERT E JOHNSON JR TRUSTEE 2.0 0.0 X 0 0 0 REV DR JANET A LONG TRUSTEE 2.0 0.0 X 0 0 0 DR STUART D MCDONALD TRUSTEE 2.0 0.0 X 0 0 0 DR MARTHA HACKLEY SALMON TRUSTEE 2.0 0.0 X 0 0 0 MR ROY C SNODGRASS III TRUSTEE 2.0 0.0 X 0 0 0 DR TIMOTHY STEVENS TRUSTEE 2.0 0.0 X 0 0 0 DR DAVID TEEGARDEN TRUSTEE 2.0 0.0 X 0 0 0 MS CUBA WEBB TRUSTEE 2.0 0.0 X 0 0 0 DR JORETTA L MARSHALL EXECUTIVE VP/DEAN 40.0 0.0 X 145340 0 26425 MS MARY BROUILLETTE VP FOR ADVANCEMENT 40.0 0.0 X 107639 0 7004 MS MICHELE G SMITH VP BUSINESS AND FINANCE 40.0 0.0 X 97430 0 38097 DR WARREN CARTER PROFESSOR 40.0 0.0 X 104129 0 22137 DR JAMES O DUKE PROFESSOR 40.0 0.0 X 117451 0 34837 DR NAMSOON KANG PROFESSOR 40.0 0.0 X 100339 0 19123 DR NANCY RAMSAY PROFESSOR 40.0 0.0 X 114838 0 23128 1009358 0 226537 7 false true false Graystone Consulting 1617 N Waterfront Parkway Suite 2 WICHITA KS 67206 Investments 198080 1 1942648 180723 1942648 TUITION & FEES 611710 3575820 3575820 HOUSING RENTAL 721310 767468 767468 OTHER FEES 900099 22415 22415 GATES OF CHAI 900099 2062 2062 4367765 1803982 266 1803716 0 65365 65365 0 0 0 11091595 9942695 767 1148900 -767 1148133 1148133 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 9417 9417 9417 9337310 4367765 266 3026631 0 2667090 2667090 0 0 708171 166143 410803 131225 0 2673837 2365851 152334 155652 277372 235440 17164 24768 620312 541309 33267 45736 225135 170136 34896 20103 0 15044 15044 58713 58713 0 0 237750 237750 65700 65700 2112 350 854 908 76306 27315 36891 12100 29438 29438 0 99537 72066 20083 7388 147108 104041 22690 20377 0 13104 7791 3093 2220 0 0 378961 318900 35638 24423 3141 3141 TCU ADMIN FEE 804113 547100 197974 59039 AUXILIARY 654460 654460 DUES & SUBSCRIPTIONS 75329 65550 9779 FOOD SERVICES 18296 9218 9078 97460 58506 25638 13316 9948489 8097186 1324970 526333 818707 1808451 0 0 0 0 61634 76797 0 0 0 0 0 0 0 0 12024 6405 24236802 7919491 16811345 16317311 61394084 61091230 19389767 23468824 0 0 0 0 1215438 860892 99702999 103629910 2351711 2345488 0 0 35073 92229 0 0 0 0 0 0 0 0 0 0 0 238135 2386784 2675852 X 21672759 22368326 17979464 20456084 57663992 58129648 97316215 100954058 99702999 103629910 X -611179 4251486 -2464 X false true X true false X 1764463 1840726 3130918 2885571 1942648 11564326 0 0 1764463 1840726 3130918 2885571 1942648 11564326 2558094 9006232 1126357 893633 804657 1116505 1869347 5810499 0 9417 9417 17384242 20475467 0.51807 0.53400 X SCHEDULE A, PART I, LINE 2 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80653635 506872 6303620 1735791 1598892 84129444 84993511 1841000 -2972616 1696714 1511546 80653635 82610000 1522517 4108951 1755921 1492036 84993511 77422060 624409 7853491 1795364 1494596 82610000 65048000 5630988 10122232 2140156 1239004 77422060 0.08720 0.69040 0.22240 true false 0 239893 239893 0 18305509 4186586 14118923 0 1768159 1348141 420018 0 3923241 2384764 1538477 16317311 INVESTMENTS HELD IN TRUST 16628190 F LIMITED PARTNERSHIP INVESTMENT 3665475 F ALTERNATIVE INVESTMENTS 3175159 F 23468824 0 DUE TO ACADEMIC AFFILIATE 238135 238135 X 10634077 4251486 -2464 4249022 6385055 237750 2714505 2952255 9337310 6996234 6996234 237750 2714505 2952255 9948489 SCHEDULE D, PART V, LINE 4 THE PURPOSE OF THE ENDOWMENT FUND IS TO PROVIDE FUNDS IN PERPETUITY GENERALLY IN SUPPORT OF BRITE'S MISSION TO EDUCATE WOMEN AND MEN TO LEAD IN THE MINISTRY OF CHRIST'S CHURCH, THE ACADEMY AND PUBLIC LIFE AS WITNESSES TO GOD'S RECONCILING AND TRANSFORMING LOVE AND JUSTICE. INCLUDED IN, BUT NOT LIMITED TO THIS SUPPORT ARE SCHOLARSHIPS, CHAIRS, PROFESSORSHIPS, AND PROGRAM SUPPORT. SCHEDULE D, PART X, LINE 2 BRITE'S FINANCIAL STATEMENT FOOTNOTES STATE THE FOLLOWING WITH REGARD TO THE LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER ASC 740: 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 31,2017 AND 2016. SCHEDULE D, PART XI, LINE 2D ANNUITY ADJUSTMENT ($2,464) SCHEDULE D, PART XI, LINE 4B STUDENT FINANCIAL AID $2,667,090 POST RETIREMENT HEALTH BENEFIT $47,415 ----------- TOTAL $2,714,505 SCHEDULE D, PART XII, LINE 4B STUDENT FINANCIAL AID $2,667,090 POST RETIREMENT HEALTH BENEFIT $47,415 ----------- TOTAL $2,714,505 true true true true true true true false false false false false false false false false false true SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NONDISCRIMINATION POLICY STATEMENT IS INCLUDED IN ALL OF BRITE'S PROGRAM HANDBOOKS AND RECRUITMENT MATERIAL. IT IS ALSO INCLUDED ON THE SCHOOL'S WEBSITE. North America Send agents to seminar 4378 Europe (Including Iceland and Greenland) Send agents to seminar 10240 East Asia and the Pacific Program Services RESEARCH & EDUCATION 14759 Europe (Including Iceland and Greenland) Program Services EDUCATIONAL COURSES 15501 Central America and the Caribbean Investments 6791000 6835878 6835878 true false true false true false true TUITION GRANTS, STIPENDS, AND STUDENT SALARIES 259 2667090 other none SCHEDULE I, PART I, LINE 2 GRANT APPLICATIONS 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 X true true X X X false false false false false false false false false DR D NEWELL WILLIAMS PRESIDENT 217715 0 0 0 4477 0 26187 0 29599 0 277978 0 0 0 DR JORETTA L MARSHALL EXECUTIVE VP/DEAN 145340 0 0 0 0 0 16274 0 10151 0 171765 0 0 0 DR JAMES O DUKE PROFESSOR 117451 0 0 0 0 0 13874 0 20963 0 152288 0 0 0 SCHEDULE J, 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. TRAVEL FOR COMPANIONS TRAVEL FOR COMPANIONS WAS PROVIDED TO THE PRESIDENT AFTER ADVANCE WRITTEN APPROVAL FROM THE BOARD CHAIR. PER THE SCHOOL'S POLICY, SPOUSAL TRAVEL EXPENSES ARE NOT REIMBURSABLE UNLESS THE TRAVEL IS FOR A BONAFIDE BUSINESS PURPOSE. THE SCHOOL THEN REIMBURSES SPOUSAL TRAVEL USING THE SAME DOCUMENTATION REQUIREMENTS AS ALL OTHER TRAVEL EXPENSES, INCLUDING A REVIEW FOR THE APPROPRIATE TAX TREATMENTS PER POLICY. THESE TRAVEL EXPENSES WERE NOT TREATED AS TAXABLE COMPENSATION. X 4 180723 COST OR SALE PRICE false true true SCHEDULE M, PART I, LINE 9, COLUMN (B) THE NUMBER REFLECTED IN COLUMN (B) REPRESENTS THE TOTAL NUMBER OF CONTRIBUTIONS RECEIVED. SCHEDULE M, PART I, LINE 32B DONORS OF STOCK GIFTS ARE INSTRUCTED TO FORWARD SUCH TO GRAYSTONE CONSULTING. GRAYSTONE CONSULTING HAS INSTRUCTIONS FROM BRITE TO SELL SECURITIES UPON RECEIPT OR AS SOON AS THE MARKET ALLOWS. FORM 990, PART III, LINE 4D 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. FORM 990, PART VI, SECTION A, LINE 1A BRITE DIVINITY SCHOOLS BYLAWS STATE THE FOLLOWING WITH REGARD TO THE GOVERNING BODYS DELEGATION OF BROAD AUTHORITY TO THE SCHOOLS EXECUTIVE COMMITTEE: THE CORPORATION SHALL HAVE AN EXECUTIVE COMMITTEE CONSISTING OF THE CHAIR OF THE BOARD, THE VICE-CHAIR OF THE BOARD AND THE SECRETARY OF THE BOARD; AND AT LEAST TWO OTHER VOTING MEMBERS APPOINTED BY THE BOARD OF TRUSTEES, ALL OF WHOM MUST BE VOTING MEMBERS OF THE BOARD OF TRUSTEES. THE CHAIR OF THE BOARD SHALL ACT AS CHAIR OF THE EXECUTIVE COMMITTEE. IN THE ABSENCE OR UPON THE DISABILITY OF THE CHAIR OF THE BOARD, THE VICE-CHAIR OF THE BOARD SHALL ACT AS CHAIR OF THE EXECUTIVE COMMITTEE, UNLESS OTHERWISE DETERMINED BY THE CHAIR OF THE BOARD OR BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE, WHEN THE BOARD OF TRUSTEES IS NOT IN SESSION, ALL OF THE AUTHORITY AND POWERS OF THE BOARD OF TRUSTEES IN THE BUSINESS AND AFFAIRS OF THE CORPORATION, EVEN THOUGH SUCH AUTHORITY AND POWERS MAY BE HEREIN PROVIDED OR DIRECTED TO BE EXERCISED BY A DESIGNATED OFFICER OF THE CORPORATION; PROVIDED, HOWEVER, THAT THE FOREGOING SHALL NOT BE CONSTRUED AS AUTHORIZING ACTION BY THE EXECUTIVE COMMITTEE WITH RESPECT TO ANY ACTION REQUIRED OR SPECIFIED BY STATUE, THE RESTATED ARTICLES OF INCORPORATION OR THESE BYLAWS TO BE TAKEN BY THE BOARD OF TRUSTEES, AS SUCH. THE DESIGNATION OF THE EXECUTIVE COMMITTEE AND THE DELEGATION THERETO OF AUTHORITY SHALL NOT OPERATE TO RELIEVE THE BOARD OF TRUSTEES OR ANY TRUSTEE OF ANY RESPONSIBILITY IMPOSED BY LAW. UNLESS SOONER DISCHARGED BY AFFIRMATIVE VOTE OF A MAJORITY OF THE NUMBER OF TRUSTEES PRESENT AT ANY MEETING OF THE BOARD OF TRUSTEES AT WHICH A QUORUM IS PRESENT, EACH MEMBER OF THE EXECUTIVE COMMITEE SHALL HOLD OFFICE UNTIL SUCH MEMBER'S SUCCESSOR IS CHOSEN AND QUALIFIED, OR UNTIL SUCH MEMBER'S EARLIER DEATH, RESIGNATION, RETIREMENT, DISQUALIFICATION OR REMOVAL FROM OFFICE; PROVIDED, HOWEVER, THAT NO PERSON SERVING AS AN EX OFFICIO VOTING MEMBER OF THE EXECUTIVE COMMITTEE SHALL BE REMOVED THEREFROM AS LONG AS SUCH PERSON HOLDS THE OFFICE ENTITLING SUCH PERSON TO SERVE AS A VOTING MEMBER OF THE EXECUTIVE COMMITTEE UNDER THESE BYLAWS. ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE FULL BOARD OF TRUSTEES AT THE NEXT MEETING OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 2 MR. JOHN CATER HACKLEY, TRUSTEE AND DR. MARTHA HACKLEY SALMON, TRUSTEE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE SCHOOL MET AND REVIEWED THE FORM 990 AND RELATED SCHEDULES WITH THE VICE PRESIDENT OF BUSINESS AND FINANCE AND THE RETURN PREPARER. 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 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 ADMINISTRATION 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 PARTICIPATING IN OR INFORMALLY INFLUENCING THE DECISION-MAKING PROCESS EXCEPT TO PROVIDE FACTUAL INFORMATION UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR THE PRESIDENT'S ANNUAL COMPENSATION ADJUSTMENT IS THE FOLLOWING: 1) AN ASSESSMENT FORM IS COMPLETED ANNUALLY BY EACH TRUSTEE RATING THE PRESIDENT'S PERFORMANCE IN SEVERAL KEY AREAS. THE RESULTS ARE TABULATED AND SHARED WITH THE PRESIDENT; 2) THE PRESIDENT PROVIDES HIS ASSESSMENT IN ACHIEVING HIS ANNUAL GOALS; 3) THE FIRST TWO PROCESSES ARE CONDUCTED SEPARATELY FROM THE PRESIDENTS COMPENSATION REVIEW. THE EXECUTIVE COMMITTEE HAS THIS INFORMATION ALONG WITH COMPENSATION INFORMATION FOR THE CHIEF EXECUTIVE OFFICER'S PEER INSTITUTIONS WHEN IT MEETS TO DISCUSS THE PRESIDENTS COMPENSATION ADJUSTMENT; 4) THE DATA/INFORMATION FROM POINTS 1-3 ARE CONSIDERED WHEN THE EXECUTIVE COMMITTEE MEETS ANNUALLY TO DECIDE UPON AND APPROVE THE PRESIDENT'S COMPENSATION ADJUSTMENT. FORM 990, PART VI, SECTION B, LINE 15B THE PRESIDENT CONDUCTS ANNUAL PERFORMANCE 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 (ATS) AND IS DETERMINED BY THE PRESIDENT ON THE BASIS OF THE PERFORMANCE EVALUATIONS AND BUDGETARY CONSTRAINTS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE FROM THE TEXAS SECRETARY OF STATE WEBSITE. THE SCHOOL'S FORM 990 AND FORM 990-T ARE AVAILABLE ON GUIDESTAR'S WEBSITE. AUDITED FINANCIAL STATEMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 ANNUITY ADJUSTMENT ($2,464) CHARITABLE REMAINDER TRUSTS (2) SUPPORT TX NA Trust false false false false false false false false false false false false false false false false false false false false