2014-04-15T16:10:13-05:00 2013-05-31 PRICEWATERHOUSECOOPERS LLP 301 COMMERCE STREET SUITE 2350 FORT WORTH TX 76102 990 2012-06-01 237121060 BRITE DIVINITY SCHOOL % BEVERLY T COTTON CPA BRIT 8172577575 TCU BOX 298130 Suite FORT WORTH TX 761290000 Beverly T Cotton 8178772251 2014-04-15 true John F Johnson 8178109998 2012 2015-11-30 17:44:51Z D NEWELL WILLIAMS TCU BOX 298130 FORT WORTH TX 761290000 57914488 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 AND JUSTICE. 29 27 92 85 -1519 -1519 2980427 1764463 3763399 3791168 582870 10892448 188799 257998 7515495 16706077 2137458 2140156 0 0 4542355 4759033 0 0 695147 2365717 2919407 9045530 9818596 -1530035 6887481 90653035 97118799 1659125 2172448 88993910 94946351 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 4993807 2140156 3082952 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 come from 27 different denominations and 11 different countries. 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.A.T.M./M.S.W., and M.T.S./M.S.W.). A certificate of theological studies (C.T.S.) is offered 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, 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, approximately 90% of Brite's students receive financial aid funded by Brite. 414422 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. 661624 667280 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. 1743129 40936 7812982 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 false false false false false true false false false true X 104 0 true 92 true true true false false false false false false false false false X 29 27 false false false false false false false true true false false true true true true true false true true false X BEVERLY T COTTON CPA 8172575710 2855 SOUTH UNIVERSITY DRIVE FORT WORTH TX 761290000 X Dr W Roger Barker 2.0 X 0 0 0 Ms Anne T Bass 2.0 X 0 0 0 Dr Victor Boschini 2.0 X 0 0 0 Mr Charles Brittan 2.0 X 0 0 0 Ms Linda Brookshire 2.0 X 0 0 0 Ms Stephanie Steves Burke 2.0 X 0 0 0 Rev Dani Loving Cartwright 2.0 X 0 0 0 Mr Chad E Cline 2.0 X 0 0 0 Ms Michaela J Cromar 2.0 X 0 0 0 Mr Bronson C Davis 2.0 X 0 0 0 Dr Timothy Cap Diebel 2.0 X 0 0 0 Rev Arthur A Hanna 2.0 X 0 0 0 Mr Benard Calvin Hendrick VII 2.0 X 0 0 0 Mr Clayton J Hoover 2.0 X 0 0 0 Mr Allan Howeth 2.0 X 0 0 0 Mr Don Hurst 2.0 X 0 0 0 Ms Elaine V Kellam 2.0 X 0 0 0 Rev Dr Janet A Long 2.0 X 0 0 0 Dr Stuart D McDonald 2.0 X 0 0 0 Ms Jo Carolyn Mcveigh 2.0 X 0 0 0 Mr Paul R Ray Jr 2.0 X 0 0 0 Mr Roy C Snodgrass III 2.0 X 0 0 0 Rev Dr Jorene Taylor Swift 2.0 X 0 0 0 Dr David Teegarden 2.0 X 0 0 0 rev larry thomas 2.0 X 0 0 0 ms Pam roach thomas 2.0 X 0 0 0 rev dr claude walker 2.0 X 0 0 0 dr d newell williams 40.0 X X 207605 0 50103 Rev Dr Geunhee Yu 2.0 X 0 0 0 ms Beverly t cotton 40.0 X 85182 0 13354 dr joretta l marshall 40.0 X 149117 0 24300 rev dr tamara rodenberg 40.0 X 96461 0 17869 dr warren c carter 40.0 X 98092 0 27388 dr toni a craven 40.0 X 142752 0 13187 dr james o duke 40.0 X 103448 0 31033 dr david j gouwens 40.0 X 109178 0 27949 dr nancy j ramsay 40.0 X 113360 0 22348 1105195 0 227531 7 false true false Austin Commercial P O Box 2879 Dallas TX 75221 Construction Service 1410864 Royer and Schutts 200 Bailey Avenue Suite 300 Fort Worth TX 76107 Furnishings 372565 Russell Investments NW 6327 P O Box 1450 Minneapolis MN 55485 Investments 162741 Digital Resources 2107 Greenbriar Drive Suite B Southlake TX 76092 Technology 119585 Cole Construction Corp 10315 Alta Vista Road Keller TX 76248 Landscape 115081 5 X 1764463 15539 1764463 Tuition and Fees 3082952 3082952 Housing/Other rental 655481 655481 Other fees 43427 43427 Gates of Chai 9308 9308 3791168 890730 -1519 892249 0 235627 235627 0 0 0 51209999 41208411 10001588 130 10001718 10001718 0 0 0 Vending 11951 11951 Miscellaneous Revenue 10420 10420 22371 16706077 3813539 -1519 11129594 0 2140156 2140156 0 0 655733 181854 358078 115801 0 2568933 2226297 105537 237099 234407 195386 18952 20069 1084857 857266 119658 107933 215103 166136 24334 24634 0 8577 1700 6877 65225 65225 0 0 217997 217997 0 18219 13280 4392 547 148570 73880 48104 26586 48213 45238 700 2275 0 105407 75881 20630 8895 259250 191159 32147 35944 0 10026 5201 3325 1500 0 0 380816 312153 41133 27530 2797 2797 TCU admin fees 607099 404870 146384 55845 Auxiliary 661624 661624 Dues and Subscriptions 59997 52053 7655 289 Outside Honorarium/Consult 97765 86625 3500 7640 227825 122223 83042 22560 9818596 7812982 1310467 695147 X X 1063982 361400 0 0 0 0 169279 92827 0 0 0 0 0 0 0 0 7146 4290 23287689 5575428 18117569 17712261 45661926 62025293 24781481 15696855 0 0 0 0 851652 1225873 90653035 97118799 999235 2065312 0 0 106759 107136 0 0 0 0 0 0 0 0 0 0 553131 0 1659125 2172448 X 21412105 23176908 19606111 17765187 47975694 54004256 88993910 94946351 90653035 97118799 X 6887481 -945839 10799 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 65048000 5630988 10122232 2140156 1239004 77422060 72338000 990000 -4806000 2137458 1336542 65048000 64984000 906000 9578000 1926843 1203157 72338000 60513000 718000 6535000 2024092 757908 64984000 77108000 4221000 -17782000 2025024 1008976 60513000 0.09400 0.90600 true false 239893 239893 17979993 2743357 15236636 1536954 818148 718806 3530849 2013923 1516926 17712261 INVESTMENTS HELD IN TRUST 14729451 F ALTERNATIVE INVESTMENTS 630193 F LIMITED PARTNERSHIP INVESTMENT 337211 F 15696855 0 0 X 12973579 -945839 10799 -935040 13908619 217997 2579461 2797458 16706077 7021138 7021138 217997 2579461 2797458 9818596 INTENDED USE OF ENDOWMENT FUNDS 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 and professorships, and program support. SCHEDULE D PART XI, LINE 2D: ANNUITY ADJUSTMENT $10,799 TOTAL LINE 2D $10,799 SCHEDULE D PART XI, LINE 4B: STUDENT FINANCIAL AID $2,140,156 POSTRETIREMENT HEALTH BENEFIT $439,305 TOTAL LINE 4B $2,579,461 SCHEDULE D PART XII, LINE 4B: STUDENT FINANCIAL AID $2,140,156 POSTRETIREMENT HEALTH BENEFIT $439,305 TOTAL LINE 4B $2,579,461 UNCERTAIN TAX POSITIONS UNDER ASC 740 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, 2013 AND 2012. true true true true true true true false false false false false false false false false false true RACIALLY NON-DISCRIMINATORY POLICY SCHEDULE E, PART I, LINE 3: A statement of the school's non-discriminatory policy is included in the college catalog which is the school's primary source of recruiting information. It is also included on the school's website. Central America and the Caribbean Investments 548000 Europe (Including Iceland and Greenland) Investments 82000 Central America and the Caribbean Program Services Educational course 10000 East Asia and the Pacific Send agents to seminar 5600 Europe (Including Iceland and Greenland) Send agents to seminar 3100 North America Send agents to seminar 4600 South America Send agents to seminar 12700 666000 666000 false false true false false false true Tuition grants and stipends 204 2140156 Other None GRANT APPLICATIONS 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 true false false false false false false false false dr toni a craven 142752 0 0 0 0 0 9678 0 3509 0 155939 0 0 0 dr joretta l marshall 149117 0 0 0 0 0 16304 0 7996 0 173417 0 0 0 dr d newell williams 200087 0 0 0 7518 0 24386 0 25717 0 257708 0 0 0 HOUSING ALLOWANCE AND TRAVEL FOR COMPANIONS 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 bona fide 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. 25200 grant need-based assistance OTHER PROGRAM SERVICES FORM 990, PART III, LINE 4(D): 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. 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11B: The audit committee of the school met and reviewed the 990 with the Vice President of 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 filing. Trustees were encouraged to contact the return preparer or the Vice President of Finance with any questions. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C: Brite has a Conflict of Interest policy which is reviewed annually and revised, as appropriate, 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 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. COMPENSATION POLICY FORM 990, PART VI, SECTION B, LINE 15: 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 achievement of annual goals), is considered in the decision-making process. The executive committee then discusses and approves the president's compensation. 15B: compensation of the officers of the corporation is compared to industry data published by the association of theological schools and is determined by the president of the school based on performance evaluations. DOCUMENTS AVAILABLE TO THE PUBLIC 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. OTHER CHANGES IN NET ASSETS OR FUND BALANCES FORM 990, PART XI, LINE 9 ANNUITY ADJUSTMENT $10,799 TOTAL LINE 9: $10,799 WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY FORM 990, PART VI, SECTION B, LINE 14: Brite is in the process of developing a document retention and destruction policy. 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