Brite Divinity School

“Mr. John cater hackley, trustee and dr. Martha hackley salmon, trustee have a family relationship. Form 990, part vi, section b, line 11b: the audit committee of the school met and reviewed the form 990 and related schedules with the vice president of business and finance and the return preparer. The audit committee approved the form 990 and related schedules as presented. Finally, a pdf file of the form 990 and related schedules was made available to each trustee electronically for their review prior to the filing. Trustees were encouraged to contact the finance department with any questions.”

“Brite has a conflict of interest policy which is reviewed and revised annually to comply with current regulations. This policy notes relationships and transactions that may give rise to a conflict of interest or the appearance thereof. It describes the means for notifying the schools 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.”

“The process for the presidents annual compensation adjustment is the following: 1) an assessment form is completed annually by each trustee rating the presidents performance in several key areas. The results are tabulated and shared with the president; 2) the president provides his assessment in achieving his annual goals; 3) the first two processes are conducted separately from the presidents compensation review. The executive committee has this information along with compensation information for the chief executive officers peer institutions when it meets to discuss the presidents compensation adjustment; 4) the data/information from points 1-3 are considered when the executive committee meets annually to decide upon and approve the presidents compensation adjustment. Form 990, part vi, section b, line 15b: compensation of the officers of the organization is compared to industry data published by the association of theological schools (ats) and is based on performance evaluations and budgetary constraints. The presidents compensation is determined by the executive committee of the board of trustees which conducts an annual performance review of the president. The president conducts annual performance evaluations and determines the compensation of the executive vice president and dean, the vice president for business and finance and the vice president for advancement.”

“Governing documents are available from the texas secretary of state website. Audited financial statements and the conflict of interest policy are available upon request.”

“In addition to and in support of 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 and lay leaders, 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.”

“Annuity adjustment (27,774) non-operating adjustment 98,649 --------- total 70,875”