2011-04-14T11:26:16-05:00 2010-05-31 PRICEWATERHOUSECOOPERS LLP 301 COMMERCE STREET SUITE 2350 FORT WORTH TX 76102 990 2009-06-01 237121060 BRITE DIVINITY SCHOOL BRIT 8172577575 TCU BOX 298130 FORT WORTH TX 76129 D NEWELL WILLIAMS 2011-04-13 Steve Schoonmaker 8178109998 2009 2016-02-24 21:20:13Z D NEWELL WILLIAMS TCU BOX 298130 FORT WORTH TX 76129 32934074 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 98 0 0 5523525 2231843 3541064 3596359 -5850803 2795778 62702 102559 3276488 8726539 2025024 2024092 0 0 3637686 3326140 0 0 488584 2212745 2222274 7875455 7572506 -4598967 1154033 80673930 86231391 1098991 920372 79574939 85311019 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 true 4080585 2024092 2945150 Instruction includes salaries, fringe benefits, travel expenses, supplies and other ancillary program costs of teaching over 242 students, including 133 Masters of Divinity students, 12 Doctor of Ministry students, 49 PhD students, and 48 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 34 teach and administer the related programs. A long term goal of the schools has been to make theological education affordable and accessible, and as a result 86% of Brite's students received financial aid funded by Brite. 189460 0 0 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. 437893 0 619374 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 68 students and their families. Leibrock Village employed one full-time director and a part-time assistant. 498137 0 31835 5206075 true true false false false false false false true true true false true false false false false false false false false false true true false false false false false false true false true false false false false false false false false true 98 0 true 92 true false false false false false false false false false 29 27 false false false false false false false true true false false true true true true true true true true false X BEVERLY COTTON 8172575710 2855 SOUTH UNIVERSITY DRIVE FORT WORTH TX 76129 DR D NEWELL WILLIAMS 40.0 X X 181887 0 33628 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 DR EUGENE BRICE 2.0 X 0 0 0 MR CHARLES BRITTAN 2.0 X 0 0 0 MS STEPHANIE STEVES BURK 2.0 X 0 0 0 REV DANI LOVING CARTWRIGHT 2.0 X 0 0 0 MS NADIA T CAVNER 2.0 X 0 0 0 MR CHAD E CLINE 2.0 X 0 0 0 MS MICHAELA J CROMAR CPA 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 DR H JACKSON FORSTMAN 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 MS ELAINE V KELLAM 2.0 X 0 0 0 REV WILLIAM L LEE 2.0 X 0 0 0 MS JO CAROLYN MCVEIGH CPA 2.0 X 0 0 0 REV ELZIE D ODOM JR 2.0 X 0 0 0 REV FELIBERTO PEREIRA 2.0 X 0 0 0 MR PAUL R RAY JR 2.0 X 0 0 0 MR LARRY J SMITH 2.0 X 0 0 0 MR ROY C SNODGRASS III 2.0 X 0 0 0 MS PAM ROACH THOMAS 2.0 X 0 0 0 REV DAVID A VARGAS 2.0 X 0 0 0 REV DR CLAUDE WALKER 2.0 X 0 0 0 NANCY JEAN RAMSEY 40.0 X 105665 0 16542 ALISA G CODY 40.0 X 79909 0 4982 PAUL WAYNE HARTMAN 40.0 X 36783 0 4239 TONI A CRAVEN 40.0 X 128528 0 18336 LEO G PERDUE 40.0 X 113444 0 22113 JORETTA L MARSHALL 40.0 X 107824 0 12136 DAVID J GOUWENS 40.0 X 100554 0 20949 JAMES O DUKE 40.0 X 100341 0 20624 954935 0 153549 7 false true false CITI SMITH BARNEYGRAYSTONE CONSULT 8301 EAST 21ST STREET NORTH SUITE WICHITA KS 67206 INVESTMENTS 144625 1 2231843 217822 2231843 TUITION & FEES 2945150 2945150 HOUSING RENTAL 619374 619374 OTHER FEES 15736 15736 GATES OF CHAI 11610 11610 PASTORAL CARE 4489 4489 3596359 1728621 1728621 0 70908 70908 25274886 24207535 1067351 -194 1067157 1067157 0 0 0 MISCELLANEOUS INCOME 21822 21822 VENDING 9829 9829 31651 8726539 3596359 0 2898337 0 2024092 2024092 0 0 522436 125742 314883 81811 0 2314400 2009535 62353 242512 281580 221243 30965 29372 5374 5374 202350 157422 21248 23680 0 53149 9317 33771 10061 59974 59974 0 0 0 0 16023 6972 9051 108426 40605 24949 42872 16588 16588 0 14724 10419 4305 139561 89987 21477 28097 0 8462 5188 2874 400 0 0 284306 75331 208975 0 TCU ADMIN & MAINTENANCE FEE 1033177 1033177 HOUSING 237745 237745 DUES & SUBSCRIPTIONS 64571 55845 8636 90 FOOD SERVICES 44976 26938 12352 5686 OUTSIDE HONORM./CONSULTANT FEE 49345 40645 5200 3500 91247 52461 27334 11452 7572506 5206075 1877847 488584 X 15937 214742 22038 0 4120219 0 82522 65906 30307 23210 12019 1925 13623798 4347257 9383979 9276541 39336372 48687208 27028188 27240883 642349 720976 80673930 86231391 965824 853113 82485 67259 50682 0 1098991 920372 X 16267127 14103040 14881105 25515584 48426707 45692395 79574939 85311019 80673930 86231391 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60513000 718000 6535000 2024092 757908 0 64984000 77108000 4221000 -17782000 2025024 1008976 0 60513000 0.10000 0.90000 0.00000 true false 0 239893 239893 0 8808671 2166699 6641972 0 0 0 0 0 673552 609672 63880 0 3901682 1570886 2330796 9276541 INVESTMENTS HELD IN TRUST 12493227 F ALTERNATIVE INVESTMENTS 11210747 F LIMITED PARTNERSHIP INVESTMENT 3536909 F 27240883 0 0 8726539 7572506 1154033 4592344 -343843 4248501 5402534 10945338 4592344 -2373545 2218799 8726539 8726539 5558710 10296 10296 5548414 2024092 2024092 7572506 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: JAMES CALVIN HILL TRANSFER OF ASSETS ($349,451) AGENCY FUND RECLASS $5,608 TOTAL LINE 8: ($343,843) SCHEDULE D PART XII, LINE 2D: STUDENT FINANCIAL AID ($2,024,092) JAMES CALVIN HILL TRANSFER OF ASSETS ($349,451) ROUNDING (2) TOTAL LINE 2D: ($2,373,545) SCHEDULE D PART XIII, LINE 2D: AGENCY FUND RECLASS ($5,608) ANNUITY RECLASS $15,904 TOTAL LINE 2D: $10,296 SCHEDULE D PART XIII, LINE 4B: STUDENT FINANCIAL AID $2,024,092 TOTAL LINE 4B: $2,024,092 true true true 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. true true true true false false false false false false false false false false true true TUITION GRANTS, STIPENDS, AND STUDENT SALARIES 163 2024092 0 NONE 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 true false X X X false false false false false false false false false DR D NEWELL WILLIAMS 180720 0 0 0 1167 0 21563 0 12065 0 215515 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. VALERIE FORSTMAN DAUGHTER OF TRUSTEE 57196 EMPLOYEE COMPENSATION false SUE MCDOUGAL WIFE OF PRESIDENT/TRUSTEE 13900 EMPLOYEE COMPENSATION false X 4 217862 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 MorganStanley SmithBarney LLC (MS-SB). MS-SB has instructions from Brite to sell securities upon receipt or as soon as the market allows. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3: The Pastoral Care Program was terminated and Brite's participation in the program ceased. OTHER PROGRAM SERVICES FORM 990, PART III, LINE 4(D): 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 opportunities 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 11A: 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 sent 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 notes relationships and transactions that may give rise to a conflict of interest or the appearance thereof. It describes the means for notifying the 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: LINE 15A: Compensation of the President is discussed and approved by the corporation's Executive Committee and documented in the minutes of this committee. 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 (ATS) 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.