2015-04-14T14:29:41-05:00 2014-05-31 PRICEWATERHOUSECOOPERS LLP 301 COMMERCE STREET SUITE 2350 FORT WORTH TX 76102 990 2013-06-01 237121060 BRITE DIVINITY SCHOOL % MICHELE SMITH BRIT 8172577575 TCU BOX 298130 Suite FORT WORTH TX 76129 Dr D Newell Williams President 8178772251 2015-04-14 true John F Johnson P00850395 8178772251 2013 2016-02-25 16:41:14Z D NEWELL WILLIAMS TCU BOX 298130 FORT WORTH TX 76129 13601899 false X WWW.BRITE.TCU.EDU X 1914 TX 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 30 28 96 87 -73 0 1764463 1840726 3791168 4070957 10892448 2165013 257998 173431 16706077 8250127 2140156 2544836 0 0 4759033 4350876 0 0 534338 2919407 3127638 9818596 10023350 6887481 -1773223 97118799 102089066 2172448 2054083 94946351 100034983 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 5457446 2544836 3390057 Brite Divinity School educates women and men to lead in the ministry of CHRIST'S Church, the academy and public life. Approximately 200 women and men from 27 different denominations and A VARIETY OF countries attend Brite. Degrees offered include Doctor of Ministry (D.Min), Master of Theology (Th.M.), Doctor of Philosophy (Ph.D.), Master of Arts in Theology and Ministry (M.A.T.M.), Master of Theological Studies (M.T.S.), Master of Divinity (M.Div.), 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.T.S./M.S.W.). A Certificate of Theological Studies (C.T.S.) is offered for non-degree seeking students. Brite HAS introduced sessions on developing skills for effective graduate-level writing and continues to enhance its ongoing support for writing assistance through the William L. Adams Center for Writing at TCU. Essential to and in support of the degree programs and faculty research is our library with over 158,000 printed volumes, 70,000 bound periodicals plus additional 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, more than 90% of Brite's students receive financial aid funded by Brite. 479192 Research and related programs enhance the life of Brite. Included here are projects organized specifically to enhance the mission of the Divinity School. Work is externally-funded, often by multi-year grants. 685090 668409 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 student assistants are employed for the benefit of the facility. 22064 SEE ADDITIONAL EXPLANATION ON SCHEDULE O FOR FORM 990, PART III, LINE 4D 1267120 22064 7888848 true true false false false false false false false true true true false false false true true false true false true false false false false false false false true true false false false false true false false false true false false false false true false false false true 103 0 true 96 true false false false false false false false false false false X 30 28 false false false false false false false true true false false true true true true true false true true false X MICHELE SMITH 8172574739 2855 SOUTH UNIVERSITY DRIVE FORT WORTH TX 76129 X DR W ROGER BARKER TRUSTEE 2.0 X 0 0 0 MS ANNE T BASS TRUSTEE 2.0 X 0 0 0 DR VICTOR BOSCHINI TRUSTEE 2.0 X 0 0 0 MR CHARLES BRITTAN TRUSTEE 2.0 X 0 0 0 MS LINDA BROOKSHIRE TRUSTEE 2.0 X 0 0 0 MS STEPHANIE STEVES BURK TRUSTEE 2.0 X 0 0 0 MS DANI LOVING CARTWRIGHT TRUSTEE 2.0 X 0 0 0 MR CHAD E CLINE TRUSTEE 2.0 X 0 0 0 MS MICHAELA J CROMAR TRUSTEE 2.0 X 0 0 MR BRONSON C DAVIS TRUSTEE 2.0 X 0 0 0 DR TIMOTHY CAP DIEBEL VICE CHAIR OF THE BOARD 2.0 X 0 0 0 MR DANIEL J GOLDSTEIN TRUSTEE 2.0 X 0 0 0 REV ARTHUR A HANNA SECRETARY OF BOARD 2.0 X 0 0 0 MR BENARD CALVIN HENDRICK VII TRUSTEE 2.0 X 0 0 0 MR WILLIAM HENDRIX TRUSTEE 2.0 X 0 0 0 MR CLAYTON J HOOVER TRUSTEE 2.0 X 0 0 0 MR ALLAN HOWETH TRUSTEE 2.0 X 0 0 0 MR DON HURST TRUSTEE 2.0 X 0 0 0 REV CHARLES F JOHNSON TRUSTEE 2.0 X 0 0 0 MS ELAINE V KELLAM IMMEDIATE PAST CHAIR OF BOARD 2.0 X 0 0 0 REV DR JANET A LONG TRUSTEE 2.0 X 0 0 0 DR STUART D MCDONALD TRUSTEE 2.0 X 0 0 0 MS JO CAROLYN MCVEIGH TRUSTEE 2.0 X 0 0 0 MR PAUL R RAY JR CHAIR OF THE BOARD 2.0 X 0 0 0 MR ROY C SNODGRASS III TRUSTEE 2.0 X 0 0 0 DR DAVID TEEGARDEN TRUSTEE 2.0 X 0 0 0 REV LARRY THOMAS TRUSTEE 2.0 X 0 0 0 MS PAM ROACH THOMAS TRUSTEE 2.0 X 0 0 0 REV DR CLAUDE WALKER TRUSTEE 2.0 X 0 0 0 DR D NEWELL WILLIAMS PRESIDENT 40.0 X X 212767 0 48478 MS BEVERLY COTTON VP BUSINESS AND FINANCE 40.0 X 91244 0 22677 DR JORETTA L MARSHALL EXECUTIVE VP/DEAN 40.0 X 139216 0 23531 REV DR TAMARA RODENBERG CHIEF ADVANCEMENT OFFICER 40.0 X 99519 0 22952 DR JAMES O DUKE PROFESSOR 40.0 X 107690 0 31515 DR DAVID J GOUWENS PROFESSOR 40.0 X 109259 0 28321 DR NANCY RAMSAY PROFESSOR 40.0 X 108757 0 21088 868452 0 198562 5 false true false Russell Investments 1301 2nd Avenue 18th Floor Seattle WA 98101 Investments 338896 1 X 1840726 60407 1840726 Tuition and Fees 611710 3390057 3390057 Housing/Other Rental 721310 657876 657876 Other Fees 900099 18121 18121 Gates of Chai 900099 4903 4903 4070957 741589 -73 741662 0 152044 152044 0 0 0 6775217 -21 5351772 1423445 -21 1423424 1423424 0 0 0 Vending 10557 10557 Miscellaneous Revenue 10830 10830 21387 8250127 4092344 -73 2317130 0 0 2544836 2544836 0 0 671747 159025 383376 129346 0 2746163 2419067 144730 182366 243964 209265 23962 10737 459898 375204 47051 37643 229104 176958 31323 20823 0 8305 1701 6604 63335 63335 0 0 501765 501765 0 7162 6195 420 547 121039 47733 57677 15629 72776 72776 0 104162 74599 20818 8745 232540 167602 34819 30119 0 14658 9741 4108 809 0 0 374873 313143 34200 27530 2628 2628 TCU Admin Fee 726562 485555 185392 55615 Dues and Subscriptions 59563 49006 9402 1155 Auxiliary 681772 681772 Outside Honorm./Consultation F 72986 62286 4700 6000 83512 32384 43854 7274 10023350 7888848 1600164 534338 X X 361400 549196 0 0 0 0 92827 61647 0 0 0 0 0 0 0 0 4290 10629 23519234 6141270 17712261 17377964 62025293 65675150 15696855 16381840 0 0 0 0 1225873 2032640 97118799 102089066 2065312 1969890 0 0 107136 84193 0 0 0 0 0 0 0 0 0 0 0 0 2172448 2054083 X 23176908 23689823 17765187 20256098 54004256 56089062 94946351 100034983 97118799 102089066 X -1773223 6857396 4459 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77422060 624409 7853491 1795364 1494596 82610000 65048000 5630988 10122232 2140156 1239004 77422060 72338000 990000 -4806000 2137458 1336542 65048000 64984000 906000 9578000 1926843 1203157 72338000 60513000 718000 6535000 2024092 757908 64984000 0.09600 0.67843 0.22557 true false 0 239893 239893 18057993 3092938 14965055 1585454 943090 642364 3635894 2105242 1530652 17377964 INVESTMENTS HELD IN TRUST 16086865 F ALTERNATIVE INVESTMENTS 0 F LIMITED PARTNERSHIP INVESTMENT 294975 F 16381840 0 0 X 12181406 6857396 4459 6861855 5319551 501765 2428811 2930576 8250127 7092774 7092774 501765 2428811 2930576 10023350 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 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, 2014 AND 2013. SCHEDULE D, PART XI, LINE 2D: ANNUITY ADJUSTMENT 4,459 TOTAL LINE 2D 4,459 SCHEDULE D, PART XI, LINE 4B: STUDENT FINANCIAL AID $2,544,836 POST RETIREMENT HEALTH BENEFIT $ (116,025) TOTAL LINE 4B $2,428,811 true true true true true true true false false false false false false false false false false true SCHEDULE E, LINE 3: THE SCHOOL'S NON-DISCRIMINATORY POLICY STATEMENT IS INCLUDED IN ALL OF BRITE'S PROGRAM HANDBOOKS AND RECRUITMENT MATERIAL. IT IS ALSO INCLUDED ON THE SCHOOL'S WEBSITE. Europe (Including Iceland and Greenland) Program Services EDUCATIONAL COURSE 6717 Central America and the Caribbean Program Services EDUCATIONAL COURSE 11338 East Asia and the Pacific Program Services EDUCATIONAL COURSE 10171 Europe (Including Iceland and Greenland) Send agents to seminar 14875 East Asia and the Pacific Send agents to seminar 19493 Middle East and North Africa Send agents to seminar 3277 65871 65872 false false true false false false true TUITION GRANTS AND STIPENDS 228 2544836 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 210249 0 0 0 2518 0 25262 0 23216 0 261245 0 0 DR JORETTA L MARSHALL EXECUTIVE VP/DEAN 139216 0 0 0 0 15535 0 7996 0 162747 0 0 0 SCHEDULE J, PART I, LINE 1A: TRAVEL FOR COMPANIONS WAS PROVIDED TO NEWELL WILLIAMS 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. 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 HOUSING ALLOWANCE, INCLUDING THE DEAN'S, SUBJECT TO THE PROVISIONS OF THE INTERNAL REVENUE CODE. 14784 GRANT NEED BASED VALERIE FORSTMAN DAUGHTER OF TRUSTEE EMPLOYEE COMPENSATION SUE MCDOUGAL WIFE OF PRESIDENT/TRUSTEE EMPLOYEE COMPENSATION X 3 60407 COST OR SALE PRICE false true true SCHEDULE M, PART I, LINE 32B: Donors of stock gifts are instructed to forward such to RUSSELL INVESTMENTS. RUSSELL INVESTMENTS has instructions from Brite to sell securities upon receipt or as soon as the market allows. 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 OR 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. FORM 990, PART VI, SECTION B, LINE 11B: BRITE'S AUDIT COMMITTEE MET AND REVIEWED THE 990 WITH THE VICE PRESIDENT OF BUSINESS AND FINANCE AND THE RETURN PREPARER. THE AUDIT COMMITTEE APPROVED THE 990 AS IT WAS PRESENTED. FINALLY, A PDF FILE OF THE 990 WAS MADE AVAILABLE TO EACH TRUSTEE ELECTRONICALLY FOR THEIR REVIEW PRIOR TO THE FILING. TRUSTEES WERE ENCOURAGED TO CONTACT THE RETURN PREPARER OR THE VICE PRESIDENT OF BUSINESS AND FINANCE WITH ANY QUESTIONS. FORM 990, PART VI, SECTION B, LINE 15A: AN ASSESSMENT FORM IS COMPLETED ANNUALLY BY EACH TRUSTEE RATING THE PRESIDENT'S PERFORMANCE IN SEVERAL KEY AREAS. ONCE COMPLETED INDIVIDUALLY, THESE OUTCOMES ARE COMBINED INTO AN OVERALL REVIEW SHARED WITH THE PRESIDENT. WHILE THIS ANNUAL ASSESSMENT PROCESS IS SEPARATE FROM THE COMPENSATION REVIEW, THE EXECUTIVE COMMITTEE OF THE BOARD IS FULLY AWARE OF THE OVERALL ASSESSMENT OUTCOME. WHEN THE EXECUTIVE COMMITTEE MEETS TO DETERMINE THE COMPENSATION FOR THE PRESIDENT, IT ALSO HAS COMPENSATION INFORMATION FOR THE CHIEF OFFICERS OF THE ORGANIZATION'S PEER SCHOOLS. THIS INFORMATION, TOGETHER WITH THE PRESIDENT'S OVERALL PERFORMANCE REVIEW (INCLUDING THE PRESIDENT'S ASSESSMENT OF ACHIEVEMENT OF HIS ANNUAL GOALS), IS CONSIDERED IN THE DECISION-MAKING PROCESS. THE EXECUTIVE COMMITTEE THEN DISCUSSES AND APPROVES THE PRESIDENT'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS ARE AVAILABLE FROM THE TEXAS SECRETARY OF STATE WEBSITE FOR A FEE OF $1.00. AUDITED FINANCIAL STATEMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15B: Compensation of the officers of the corporation is compared to industry data published by the Association of Theological Schools (ATS) and is determined by the president of the school based on performance evaluations AND BUdGETARY CONSTRAINTS. FORM 990, PART III, LINE 4D: IN ADDITION TO AND IN SUPPORT OF GRANTING DEGREES, BRITE PROVIDES SERVICES IN A RANGE OF AREAS INCLUDING FIELD EDUCATION TRAINING FOR STUDENTS WHO ARE PLACED IN A VARIETY OF CHURCHES AND AGENCIES THROUGHOUT THE AREA. 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 CO-CURRICULAR ACTIVITIES SUCH AS PUBLIC LECTURES, WEEKLY CHAPEL SERVICES, AND OTHER FOCUSED EVENTS. FORM 990, PART XI, LINE 9: ANNUITY ADJUSTMENT 4,459 TOTAL LINE 9 4,459 NA NA CHARITABLE REMAINDER TRUST (2) SUPPORT TX NA TRUST false false false false false false false false false false false false false false false false false false false