Brite Divinity School

“Delegation of management duties during a time of transition, brite divinity school engaged the registry for college and university presidents to provide interim president services.”

“Form 990 review process the audit committee of the school met and reviewed the form 990 and related schedules with brite's finance department. 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 adminstration 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 partcipating in or informally influencing the decision-making process except to provide factual information upon request.”

“Executive compensation the process for determining any adjustment to the president's annual compensation routinely 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. In this cycle, the evaluation consisted of 360-degree review conducted by an outside contractor, and included responses from trustees, faculty, and staff. Evaluation responses were collated, reported to and reviewed with the president and participating groups, 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 president's compensation for the coming year. As of october 2022, brite had an interim president whose salary was established and paid through the agency based on the school's needs. Form 990, part vi, section b, line 15b: officer compensation the president conducts annual peformance 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.”

“Net change in charitable gift annuities 25,281.”