Brite Divinity School

“Form 990 review process 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.”

“Conflict of interest policy 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.”

“Executive compensation the process for determining any adjustments to the president's annual compensation begins with a performance evaluation initiated by the chair person of the board of trustees, distributed to each member of the board of trustees, based on goals established by the board and the president. Evaluation responses are collated, reported to and reviewed with the president, alongside the president's own self-evaluation. These steps are accomplished independent of the president's compensation review. The executive committee of the board subsequently utilizes this information, along with comparative data regarding chief executive compensation from peer institutions, in determining the presidents compensation for the coming year. Form 990, part vi, section b, line 15b: officer compensation 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.”

“How documents are made available to the public governing documents are available from the texas secretary of state website. Audited financial statements and the conflict of interest policy are available upon request.”

“Brite divinity school educates and inspires people to serve god's diverse world as leaders in churches, the academy and public life. Approximately 175 individuals from more than 25 different denominations and countries across the globe attend brite. Degrees offered include master of divinity (m.div.), master of arts in theology and ministry (m.a.t.m.), master of theological studies (m.t.s.), master of theology (th.m.), doctor of ministry (d.min.), doctor of philosophy (ph.d.), as well as collaborative degrees with the neeley school of business at tcu (m.div./m.b.a., m.a.t.m./m.b.a. And m.t.s./m.b.a.) and the tcu department of social work (m.div./m.s.w., m.a.t.m./m.s.w., and m.t.s./m.s.w.). Brite also offers seven certificate programs that can be incorporated into the m.div., m.a.t.m, m.t.s. And certificate of theological studies programs. Essential to and in support of the degree programs and faculty research is our library with over 178,000 printed volumes and 49,000 bound periodicals, plus e-books, journals and related indices. All faculty members have a terminal degree in their field. A long-term goal of the school has been to make theological education affordable and accessible, and as a result, approximately 90% of brite's students receive financial aid funded by brite.”

“Net change in charitable gift annuities 74,012.”