Brite Divinity School

“Form 990, part iii, line 4d 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 to enhance the integration of classroom learning and ministerial practice. 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.”

“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.”

“Form 990, part vi, section b, line 12c 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 school's administration or board of trustees of known 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. When a conflict or potential conflict exists, the affected person shall abstain from voting or acting upon the pertinent item, withdraw from the meeting, and abstain from participating in or informally influencing the decision-making process except to provide factual information upon request.”

“Form 990, part vi, section b, line 15a the process for determining the president's annual compensation review and approval is performed by the board of trustees. The board of trustees is independent from the president and uses comparability data from surveys provided by the association of theological schools to help determine reasonable compensation. The executive committee contemporaneously documents the deliberations and decisions of the review and approval of the president's compensation.”

“Form 990, part vi, section b, line 15b the president conducts annual performance evaluations of the executive vice president and dean, the vice president for business and finance, and the vice president for advancement. Compensation of these officers is compared to industry data published by the association of theological schools and is determined by the president on the basis of the performance evaluations and budgetary constraints. The president maintains personnel files for the paid officers of the corporation. These files include annual reviews as discussed with and signed by the employee.”

“Form 990, part vi, section c, line 19 governing documents are available from the texas secretary of state website. Audited financial statements and the conflict of interest policy are available upon request.”

“Form 990, part xi, line 9 annuity adjustment $288”