BRITE DIVINITY SCHOOL: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- BRITE DIVINITY SCHOOL (EIN 23-7121060)
- Tax period
- 2010-06-01 to 2011-05-31
- Filed
- 2012-04-16
- IRS object ID
- 201231079349300243
- Schema version
- 2010v3.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-04-16T16:10:42-04:00 | Timestamp |
| Tax Period End Date | 2011-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRICEWATERHOUSECOOPERS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 301 COMMERCE STREET SUITE 2350 | AddressLine1 |
| City | FORT WORTH | City |
| State | TX | State |
| ZIP Code | 76102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237121060 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Brite Divinity School | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BRIT | NameControl |
| Phone | 8172577575 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TCU Box 298130 | AddressLine1 |
| City | Fort Worth | City |
| State | TX | State |
| ZIP Code | 761290000 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BEVERLY COTTON | Name |
| Title | VP Business and Finance | Title |
| Date Signed | 2012-04-16 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STEVE SCHOONMAKER | Name |
| Phone | 8178109998 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | D Newell Williams Phd | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TCU Box 298130 | AddressLine1 |
| City | Fort Worth | City |
| State | TX | State |
| ZIP Code | 76129 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 27951764 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.brite.tcu.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1914 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 30 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 28 | NbrIndependentVotingMembers |
| Total Nbr Employees | 91 | TotalNbrEmployees |
| Total Nbr Volunteers | 93 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2231843 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3635097 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 3596359 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 3531785 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2795778 | InvestmentIncomePriorYear |
| Investment Income Current Year | 609770 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 102559 | OtherRevenuePriorYear |
| Other Revenue Current Year | 121021 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 8726539 | TotalRevenuePriorYear |
| Total Revenue Current Year | 7897673 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2024092 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1926843 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3326140 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3735129 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 448008 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2222274 | OtherExpensePriorYear |
| Other Expenses Current Year | 1985610 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 7572506 | TotalExpensesPriorYear |
| Total Expenses Current Year | 7647582 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1154033 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 250091 | RevenuesLessExpensesCY |
| Total Assets BOY | 86231391 | TotalAssetsBOY |
| Total Assets EOY | 97077778 | TotalAssetsEOY |
| Total Liabilities BOY | 920372 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1815076 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 85311019 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 95262702 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 3986228 | Expense |
| Grants | 1926843 | Grants |
| Revenue | 2870557 | Revenue |
| Description | INSTRUCTION INCLUDES SALARIES, FRINGE BENEFITS, TRAVEL EXPENSES, SUPPLIES AND OTHER ANCILLARY PROGRAM COSTS OF TEACHING OVER 224 STUDENTS, INCLUDING 118 MASTERS OF DIVINITY STUDENTS, 16 DOCTOR OF MINISTRY STUDENTS, 50 PHD STUDENTS, AND 40 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 86% OF BRITE'S STUDENTS RECEIVED FINANCIAL AID FUNDED BY BRITE. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 191097 | Expense |
| Description | 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. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 467305 | Expense |
| Revenue | 613401 | Revenue |
| Description | 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, this housing provides a location that contributes to the residential community life of the school. The complex had an occupancy rate of over 98%, and housed 71 students and their families. Leibrock Village employed one full-time director and a part-time assistant. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 858288 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 47827 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 5502918 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | true | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 83 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 91 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 30 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 28 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BEVERLY T COTTON CPA | NamePerson |
| Telephone Number | 8172575710 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TCU Box 298130 | AddressLine1 |
| City | Fort Worth | City |
| State | TX | State |
| ZIP Code | 76129 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (38 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| 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 | ||
| Dr Eugene Brice | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Mr Charles Brittan | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Ms Stephanie Steves Burk | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Rev Dani Loving Cartwright | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Ms Nadia T Cavner | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Mr Chad E Cline | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Ms Michaela J Cromar CPA | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Mr Bronson Davis | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Dr Timothy Cap Diebel | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Dr H Jackson Forstman | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Rev Arthur A Hanna | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Mr Benard Calvin Hendrick VII | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Mr Clayton J Hoover | |||||||
| Secretary of the Board | 2.0 | X | 0 | 0 | 0 | ||
| Mr Allan Howeth | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Ms Elaine Kellam | |||||||
| Board Chair | 2.0 | X | 0 | 0 | 0 | ||
| Ms Jo Carolyn McVeigh CPA | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Rev Elzie D Odom Jr | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Rev Feliberto Pereira | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Mr Paul R Ray Jr | |||||||
| Vice Chair of Board | 2.0 | X | 0 | 0 | 0 | ||
| Mr Larry J Smith | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Mr Roy C Snodgrass III | |||||||
| Immediate Past Chair of Board | 2.0 | X | 0 | 0 | 0 | ||
| Rev Dr Jorene Taylor Swift | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Ms Pam Roach Thomas | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Rev David A Vargas | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Rev Dr Claude Walker | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| Rev Dr Geunhee Yu | |||||||
| Trustee | 2.0 | X | 0 | 0 | 0 | ||
| D Newell Williams | |||||||
| President | 40.0 | X | 183463 | 0 | 33303 | X | |
| Nancy Ramsay | |||||||
| Exec VP/Dean | 40.0 | 108207 | 0 | 16903 | X | ||
| Alisa G Cody | |||||||
| VP Business & Finance | 40.0 | 83379 | 0 | 12550 | X | ||
| Paul Wayne Hartman | |||||||
| Chief Advancement Officer | 40.0 | 90079 | 0 | 10374 | X | ||
| Toni A Craven | |||||||
| Professor | 40.0 | 122992 | 0 | 18041 | X | ||
| Leo G Perdue | |||||||
| Professor | 40.0 | 121240 | 0 | 21554 | X | ||
| Joretta L Marshall | |||||||
| Professor | 40.0 | 95707 | 0 | 14138 | X | ||
| David G Gouwens | |||||||
| Professor | 40.0 | 100390 | 0 | 20715 | X | ||
| James O Duke | |||||||
| Professor | 40.0 | 99398 | 0 | 20347 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1004855 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 167925 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Hahnfeld Hoffer Stanford | |||||
| 200 Bailey Avenue Suite 200 | FORT WORTH | TX | 76107 | Architect | 225797 |
| MSSBGraystone Consulting | |||||
| 8301 E 21st Street N Suite 150 | WICHITA | KS | 67206 | Investments | 177380 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| All Other Contributions | 3635097 | AllOtherContributions |
| Noncash Contributions | 31929 | NoncashContributions |
| Total Contributions | 3635097 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|
| Tuition and Fees | 2870557 | 2870557 |
| Housing Rental | 613401 | 613401 |
| Other Fees | 33802 | 33802 |
| Gates of Chai | 14025 | 14025 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 3531785 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1770770 | TotalRevenueColumn |
| Exclusion | $1,770,770 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 99799 | TotalRevenueColumn |
| Exclusion | $99,799 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 18893091 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 20054091 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -1161000 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1161000 | TotalRevenueColumn |
| Exclusion | -$1,161,000 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|
| Vending | 11666 | $11,666 |
| MISCELLANEOUS INCOME | 9556 | $9,556 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 21222 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7897673 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3531785 | RelatedOrExemptFunctionIncome |
| Exclusion | $730,791 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1926843 | Total |
| Program Services | 1926843 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 533980 | Total |
| Program Services | 127221 | ProgramServices |
| Management And General | 304480 | ManagementAndGeneral |
| Fundraising | 102279 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2309728 | Total |
| Program Services | 2032354 | ProgramServices |
| Management And General | 112204 | ManagementAndGeneral |
| Fundraising | 165170 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 236760 | Total |
| Program Services | 206153 | ProgramServices |
| Management And General | 14434 | ManagementAndGeneral |
| Fundraising | 16173 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 462125 | Total |
| Program Services | 369285 | ProgramServices |
| Management And General | 48950 | ManagementAndGeneral |
| Fundraising | 43890 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 192536 | Total |
| Program Services | 151280 | ProgramServices |
| Management And General | 22478 | ManagementAndGeneral |
| Fundraising | 18778 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51508 | Total |
| Program Services | 24733 | ProgramServices |
| Management And General | 26403 | ManagementAndGeneral |
| Fundraising | 372 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 83771 | Total |
| Management And General | 83771 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6668 | Total |
| Program Services | 2887 | ProgramServices |
| Management And General | 1498 | ManagementAndGeneral |
| Fundraising | 2283 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 131028 | Total |
| Program Services | 55800 | ProgramServices |
| Management And General | 29037 | ManagementAndGeneral |
| Fundraising | 46191 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67402 | Total |
| Program Services | 11161 | ProgramServices |
| Management And General | 56241 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 55209 | Total |
| Program Services | 265 | ProgramServices |
| Management And General | 54944 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 167755 | Total |
| Program Services | 117274 | ProgramServices |
| Management And General | 19611 | ManagementAndGeneral |
| Fundraising | 30870 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7913 | Total |
| Program Services | 5285 | ProgramServices |
| Management And General | 1959 | ManagementAndGeneral |
| Fundraising | 669 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 255488 | Total |
| Program Services | 76079 | ProgramServices |
| Management And General | 179409 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | Program ServicesProgramServices | FundraisingFundraising |
|---|---|---|---|---|
| TCU Admin Fee | 709599 | 709599 | ||
| Housing | 239666 | 239666 | ||
| DUES & SUBSCRIPTIONS | 58342 | 9902 | 48381 | 59 |
| Food Services | 48766 | 11282 | 18941 | 18543 |
| Outside Honor. | 71094 | 3050 | 68044 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31401 | Total |
| Program Services | 21266 | ProgramServices |
| Management And General | 7404 | ManagementAndGeneral |
| Fundraising | 2731 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7647582 | Total |
| Program Services | 5502918 | ProgramServices |
| Management And General | 1696656 | ManagementAndGeneral |
| Fundraising | 448008 | Fundraising |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Joint Costs | X | JointCosts |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 214742 | BOY |
| EOY | 681046 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65906 | BOY |
| EOY | 66112 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23210 | BOY |
| EOY | 5614 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1925 | BOY |
| EOY | 21472 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 16592953 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4602743 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9276541 | BOY |
| EOY | 11990210 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48687208 | BOY |
| EOY | 53932168 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27240883 | BOY |
| EOY | 29714012 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 720976 | BOY |
| EOY | 667144 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 86231391 | BOY |
| EOY | 97077778 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 853113 | BOY |
| EOY | 1715641 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67259 | BOY |
| EOY | 99435 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 920372 | BOY |
| EOY | 1815076 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14103040 | BOY |
| EOY | 18092754 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25515584 | BOY |
| EOY | 29746672 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45692395 | BOY |
| EOY | 47423276 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85311019 | BOY |
| EOY | 95262702 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 86231391 | BOY |
| EOY | 97077778 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 250091 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 9701592 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 64984000 | BeginningOfYearBalance |
| Contributions | 906000 | Contributions |
| Investment Earnings Or Losses | 9578000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1926843 | GrantsOrScholarships |
| Other Expenditures | 1203157 | OtherExpenditures |
| End Of Year Balance | 72338000 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 60513000 | BeginningOfYearBalance |
| Contributions | 718000 | Contributions |
| Investment Earnings Or Losses | 6535000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2024092 | GrantsOrScholarships |
| Other Expenditures | 757908 | OtherExpenditures |
| End Of Year Balance | 64984000 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 77108000 | BeginningOfYearBalance |
| Contributions | 4221000 | Contributions |
| Investment Earnings Or Losses | -17782000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2025024 | GrantsOrScholarships |
| Other Expenditures | 1008976 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 60513000 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.09000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.91000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 239893 | OtherCostOrOtherBasis |
| Book Value | 239893 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8808671 | OtherCostOrOtherBasis |
| Depreciation | 2332081 | Depreciation |
| Book Value | 6476590 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 695481 | OtherCostOrOtherBasis |
| Depreciation | 623698 | Depreciation |
| Book Value | 71783 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6848908 | OtherCostOrOtherBasis |
| Depreciation | 1646964 | Depreciation |
| Book Value | 5201944 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 11990210 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INVESTMENTS HELD IN TRUST | 14127231 | F |
| ALTERNATIVE INVESTMENTS | 11885562 | F |
| LIMITED PARTNERSHIP INVESTMENT | 3701219 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 29714012 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
| Total Of Amounts | 0 | TotalOfAmounts |
| Total Revenue | 7897673 | TotalRevenue |
| Total Expenses | 7647582 | TotalExpenses |
| Excess Or Deficit For Year | 250091 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 9687965 | NetUnrealizedGLOnInvestments |
| Other | $13,625 | OtherAmount |
| Total Adjustments | 9701590 | TotalAdjustments |
| Excess Or Deficit Per FS | 9951681 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 15658795 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 9687965 | NetUnrealizedGainsInvestments |
| Other Revenues | -1926843 | OtherRevenues |
| Revenue Not Rptd F990 | 7761122 | RevenueNotRptdF990 |
| Revenue Subtotal | 7897673 | RevenueSubtotal |
| Total Revenue Per Form990 | 7897673 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 5707114 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | -13625 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -13625 | ExpensesNotRptdF990 |
| Expenses Subtotal | 5720739 | ExpensesSubtotal |
| Other Expenses Not Included | 1926843 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1926843 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 7647582 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 8: | ANNUITY AND AGENCY ADJUSTMENT $13,625 TOTAL LINE 8: $13,625 |
| SCHEDULE D | PART XII, LINE 2D: | STUDENT FINANCIAL AID ($1,926,843) TOTAL LINE 2D: ($1,926,843) |
| SCHEDULE D | PART XIII, LINE 2D: | ANNUITY AND AGENCY ADJUSTMENT ($13,625) TOTAL LINE 2D: ($13,625) |
| SCHEDULE D | PART XIII, LINE 4B: | STUDENT FINANCIAL AID $1,926,843 TOTAL LINE 4B: $1,926,843 |
| 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 PROVISIONS. 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, 2011 AND 2010. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | false | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | RACIALLY NONDISCRIMINATORY POLICY | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3: | ReturnReference |
| Explanation | 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. | Explanation |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Type Of Activities ConductedTypeOfActivitiesConducted | Total ExpendituresTotalExpenditures |
|---|---|---|
| Central America and the Caribbean | Investments | 9065281 |
| Europe (Including Iceland and Greenland) | Investments | 1500000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Amount Spent | 10565281 | SubtotalAmountSpent |
| Total Amount Spent | 10565281 | TotalAmountSpent |
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | true | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | TUITION GRANTS AND STIPENDS | TypeOfGrant |
| Number Of Recipients | 205 | NumberOfRecipients |
| Amount Of Cash Grant | 1926843 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Method Of Valuation | NONE | MethodOfValuation |
| Description Of Non Cash Assistance | NONE | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | GRANT APPLICATIONS | Identifier |
| Return Reference | SCHEDULE I, PART I, LINE 2: | ReturnReference |
| Explanation | 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | false | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | D Newell Williams | NamePerson |
| Base Compensation Filing Org | 180945 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 2518 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 21752 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 11551 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 216766 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | HOUSING ALLOWANCE | Identifier |
| Return Reference | SCHEDULE J, PART I, LINE 1A: | ReturnReference |
| Explanation | 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. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Interested Person | NONE | NameOfInterestedPerson |
| Relationship With Organization | NONE | RelationshipWithOrganization |
| Amount Of Grant | 21420 | AmountOfGrant |
| Type Of Assistance | NEED-BASED ASSI | TypeOfAssistance |
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Valerie Forstman | |||
| daughter of trustee | 58890 | employee compensation | false |
| Sue McDougal Williams | |||
| wife of president/trustee | 14021 | employee compensation | false |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 31929 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | cost or sale price | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts | |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DONEE INSTRUCTIONS | Identifier |
| Return Reference | SCHEDULE M, PART I, LINE 32B: | ReturnReference |
| Explanation | Donors of stock gifts are instructed to forward such to MorganStanley SmithBarney LLC (MSSB). MSSB has instructions from THE SCHOOL to sell securities upon receipt or as soon as the market allows. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 $9,687,965 AGENCY ADJUSTMENT $6,296 ANNUITY ADJUSTMENT $7,329 ROUNDING $2 TOTAL LINE 5: $9,701,592 |
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