2013-04-15T14:03:31-05:00 2012-05-31 PRICEWATERHOUSECOOPERS LLP 301 COMMERCE STREET SUITE 2350 FORT WORTH TX 76102 990 2011-06-01 237121060 Brite Divinity School % Beverly T Cotton BRIT 8172577575 TCU Box 298130 Fort Worth TX 761290000 BEVERLY COTTON 2013-04-15 true STEVE SCHOONMAKER 8178109998 2011 2016-02-25 16:41:14Z D Newell Williams TCU Box 298130 Fort Worth TX 761290000 67834547 false X www.tcu.brite.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. 28 26 82 90 0 0 3635097 2980427 3531785 3763399 609770 582870 121021 188799 7897673 7515495 1926843 2137458 0 0 3735129 4542355 0 0 523152 1985610 2365717 7647582 9045530 250091 -1530035 97077778 90653035 1815076 1659125 95262702 88993910 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 4902664 2137458 3072724 Instruction includes salaries, fringe benefits, travel expenses, supplies and other ancillary program costs of teaching almost 230 students, including 117 Masters of Divinity students, 13 Doctor of Ministry students, 47 PhD students, and 47 students in other graduate programs. There are a total of 6 degree offerings and a number of other educational program offerings for ministerial continuing education and lay church leaders. A full-time faculty/staff of more than 38 teach and administer the related programs. A long-term goal of the school has been to make theological education affordable and accessible, and as a result, 91% of Brite's students receive financial aid funded by Brite. 198145 The library acquires and provides essential resources, including paper and electronic books, journals, and indexes that support degree programs at the masters and doctoral levels along with related faculty research. Additionally, one full-time librarian provides reference assistance and bibliographic instruction to the students. The library holdings include over 158,000 printed volumes, over 70,000 bound periodicals and other items plus additional e-books, journals and related indexes. 515659 653902 Student housing facilities are available in Brite's Leibrock Village apartments. This 56-unit apartment complex provides students and their families with affordable, high-quality housing in close proximity to the school. Additionally, these apartments contribute to the residential community life of the school. The complex employs one full-time manager as well as part-time student assistants. 1312095 36773 6928563 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 true false true false true false false false false true false false false false true 80 0 true 82 true false false false false false false false false false false X 28 26 false false false false false false false true true false false true true true true true false true true false X Beverly T Cotton 8172577575 TCU Box 298130 Fort Worth TX 761290000 Dr W Roger Barker 2.0 X Ms Anne T Bass 2.0 X Dr Victor Boschini 2.0 X Dr Eugene Brice 2.0 X Mr Charles Brittan 2.0 X Ms Linda Brookshire 2.0 X Ms Stephanie Steves Burk 2.0 X Rev Dani Loving Cartwright 2.0 X Ms Nadia T Cavner 2.0 X Mr Chad E Cline 2.0 X Ms Michaela J Cromar CPA 2.0 X Mr Bronson C Davis 2.0 X Dr Timothy Cap Diebel 2.0 X Rev Arthur A Hanna 2.0 X Mr Benard Calvin Hendrick VII 2.0 X Mr Clayton J Hoover 2.0 X Mr Allan Howeth 2.0 X Ms Elaine V Kellam 2.0 X Ms Jo Carolyn McVeigh CPA 2.0 X Mr Paul R Ray Jr 2.0 X Mr Larry J Smith 2.0 X Mr Roy C Snodgrass III 2.0 X Rev Dr Jorene Taylor Swift 2.0 X Dr David Teegarden 2.0 X Ms Pam Roach Thomas 2.0 X Rev Dr Claude Walker 2.0 X Rev Dr Geunhee Yu 2.0 X Dr D Newell Williams 40.0 X X 192987 0 45701 Dr H Jack Forstman 2.0 X Beverly T Cotton 40.0 X 74853 8803 Paul Wayne Hartman 40.0 X 47865 6034 Nancy Ramsay 40.0 X 113865 21017 Rev Dr Tamara Rodenberg 40.0 X 46820 6555 Toni A Craven 40.0 X 122559 21245 James O Duke 40.0 X 102764 27899 David J Gouwens 40.0 X 99456 26641 Leo G Perdue 40.0 X 124834 0 25306 Joretta L Marshall 40.0 X 97433 12971 1023436 0 202172 5 false true false Austin Commercial P O Box 2879 Dallas TX 75221 Construction Service 6441935 Hahnfeld Hoffer Stanford 200 Bailey Ave Suite 200 Fort Worth TX 76107 Architecture 141985 Digital Resources 2107 Greenbriar Drive Suite C Southlake TX 76092 Technology 132468 MSSBGraystone Consulting 8301 E 21st Street N Suite 150 Wichita KS 67206 Investments 175699 8 2980427 126772 2980427 Tuition and Fees 3072724 3072724 Housing Rental 653902 653902 Other fees 19858 19858 Gates of Chai 16915 16915 All Other Program Services 3763399 1438109 1438109 1438109 0 173617 173617 59462662 1151 60319052 -856390 1151 -855239 -855239 0 0 0 Vending 12529 12529 Other 2653 2653 15182 7515495 4535068 1438109 0 2137458 2137458 0 0 606962 144914 349713 112335 0 2622295 2349894 102594 169807 251962 216532 15438 19992 844456 700164 82545 61747 216680 174009 23219 19452 0 19016 1034 17982 62173 62173 0 0 0 39026 12611 18377 8038 12233 172 3826 8235 160356 63133 42727 54496 33206 32458 50 698 0 90162 69504 14277 6381 196265 130842 34463 30960 0 7415 1688 4735 992 0 0 408357 374287 22998 11072 0 Admin Fee 758856 758856 Housing 350559 350559 Dues and Subscriptions 60221 50846 9046 329 Outside Honorarium 72200 61700 3000 7500 95672 56758 27796 11118 9045530 6928563 1593815 523152 X 681046 1063982 0 0 0 0 66112 169279 0 0 0 0 5614 0 0 0 21472 7146 23128669 5011100 11990210 18117569 53932168 45661926 29714012 24781481 0 0 0 0 667144 851652 97077778 90653035 1715641 999235 0 0 99435 106759 0 0 0 0 0 0 0 0 0 0 553131 1815076 1659125 X 18092754 21412105 29746672 19606111 47423276 47975694 95262702 88993910 97077778 90653035 X -1530035 -4738757 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72338000 990000 -4806000 2137458 1336542 65048000 64984000 906000 9578000 1926843 1203157 72338000 60513000 718000 6535000 2024092 757908 64984000 77108000 4221000 -17782000 2025024 1008976 60513000 0.05000 0.95000 true false 0 239893 239893 0 17979993 2397481 15582512 0 1474289 690026 784263 0 3434494 1923593 1510901 18117569 Investments held in trust 13192796 F Alternative investments 11153155 F Limited partnership investment 435530 F 24781481 0 Due to academic affiliate 553131 553131 7515495 9045530 -1530035 -4710724 -28033 -4738757 -6268792 667314 -4710724 -2137457 -6848181 7515495 7515495 6936106 28033 28033 6908073 2137457 2137457 9045530 INTENDED USE OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4: SCHEDULE D PART XI, LINE 8: ANNUITY AND AGENCY ADJUSTMENT $28,033 TOTAL LINE 8: $28,033 SCHEDULE D PART XII, LINE 2D: STUDENT FINANCIAL AID ($2,137,458) ROUNDING 1 TOTAL LINE 2D: ($2,137,457) SCHEDULE D PART XIII, LINE 2D: ANNUITY AND AGENCY ADJUSTMENT ($28,033) TOTAL LINE 2D: ($28,033) SCHEDULE D PART XIII, LINE 4B: STUDENT FINANCIAL AID $2,137,457 ROUNDING 1 TOTAL LINE 4B: $2,137,458 UNCERTAIN TAX POSITIONS UNDER FIN 48 SCHEDULE D, PART X, LINE 2: BRITE'S FINANCIAL STATEMENT FOOTNOTES STATE THE FOLLOWING WITH REGARDS TO THE LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 ACTIVITES FOR THE YEARS ENDED MAY 31, 2012 AND 2011. true true true true true true true false false false false false false false false false false true RACIALLY NONDISCRIMINATORY 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 & the Caribbean Investments 8901388 Europe (Including Iceland and Greenland) Investments 1500000 10401388 10401388 true false true false false false true Tuition Grants and Stipends 209 2137458 NONE None GRANT APPLICATIONS 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 true false X X X false false false false false false false false false Dr D Newell Williams 190369 0 0 0 2618 0 23100 0 22601 0 238688 0 0 0 Leo G Perdue 124834 0 0 0 0 0 14295 0 11011 0 150140 0 0 0 HOUSING ALLOWANCE SCHEDULE J, PART I, LINE 1A: The President of the School is an ordained minister entitled to a ministerial housing allowance. His 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 ordained ministers' compensation as housing allowance subject to the provisions of the Internal Revenue Code. None None 20075 Need-based assi Valerie Forstman daughter of trustee 67515 employee compensation false X 3 126772 cost or sale price false true true DONEE INSTRUCTIONS SCHEDULE M, PART I, LINE 32B: Donors of stock gifts are instructed to forward such to RUSSELL INVESTMENTS. RUSSELL INVESTMENTS has instructions from THE SCHOOL to sell securities upon receipt or as soon as the market allows. OTHER PROGRAM SERVICES FORM 990, PART III, LINE 4D: In support of and in addition to 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 for real-world, hands-on experience. Continuing education activities are provided for area ministers, 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. 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 FORM 990 as it was presented. Finally, a PDF file of the APPROVED DOCUMENT was MADE AVAILABLE to each SCHOOL 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. WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY FORM 990, PART VI, SECTION B, LINE 14: THIS POLICY IS CURRENTLY UNDER REVIEW AND APPROVAL IS FULLY ANTICIPATED. COMPENSATION POLICY FORM 990, PART VI, SECTION B, LINE 15: LINE 15A: Compensation of the President is discussed and approved by the corporation's Executive Committee and documented contemporaneously. Benchmark comparisons from the association of theological schools are used in conjunction with performance evaluations. LINE 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 MINIMAL fee. 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 5: NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS ($4,710,724) AGENCY ADJUSTMENT $9,372 ANNUITY ADJUSTMENT ($37,405) TOTAL LINE 5: ($4,738,757) NA NA Charitable Remainder Trusts (3) Support TX Trust false false false false false false false false false false false false false false false false false false None None None