Brite Divinity School
- Assets
- $131.8m
- Revenue
- $16.9m
- Investments
- $48.5m
- Employees
- 82
- Location
- Fort Worth, TX
- Founding
- 07/1935
- Data as of
- 05/2021
- EIN
- 23-7121060
Organization Overview
Brite Divinity School is located in Fort Worth, TX. The organization was established in 1935. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 05/2022, Brite Divinity School employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brite Divinity School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2021, Brite Divinity School generated $16.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $9.7m during the year ending 05/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Brite Divinity School has awarded 13 individual grants totaling $133,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BRITE DIVINITY SCHOOL EDUCATES AND INSPIRES PEOPLE TO SERVE GOD'S DIVERSE (CONTINUED ON PART III)
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRITE DIVINITY SCHOOL EDUCATES AND INSPIRES PEOPLE TO SERVE GOD'S DIVERSE WORLD AS LEADERS IN CHURCHES, THE ACADEMY, AND PUBLIC LIFE. SEE SCHEDULE O FOR MORE.BRITE DIVINITY SCHOOL EDUCATES AND INSPIRES PEOPLE TO SERVE GOD'S DIVERSE WORLD AS LEADERS IN CHURCHES, THE ACADEMY AND PUBLIC LIFE. APPROXIMATELY 112 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.T.S., M.A.T.M. 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.
BRITE'S LEIBROCK VILLAGE APARTMENTS PROVIDE CONVENIENTLY LOCATED AFFORDABLE HOUSING FOR STUDENTS AND THEIR FAMILIES. THE VILLAGE CONSISTS OF 56 UNITS IN THREE SEPARATE BUILDINGS ARRANGED TO PROMOTE COMMUNITY TO THE FULLEST. TWO FULL-TIME STAFF ARE EMPLOYED FOR THE BENEFIT OF THE FACILITY.
RESEARCH AND RELATED PROGRAMS ENHANCE THE LIFE OF BRITE AND ITS CONSTITUENTS. THE RESEARCH AND RELATED PROGRAM SERVICES ARE PROJECTS ORGANIZED SPECIFICALLY TO ENHANCE THE MISSION OF THE DIVINITY SCHOOL. WORK IS INTERNALLY AND EXTERNALLY FUNDED, OFTEN BY MULTI-YEAR GRANTS. FACULTY RECEIVE REGULAR RESEARCH LEAVES AND TRAVEL SUPPORT THAT ASSISTS IN THE PRESENTATION AND PUBLICATION OF PAPERS AND BOOKS.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr D Newell Williams President | OfficerTrustee | 40 | $202,455 |
Ms Michele G Smith - Vp Of Business & Finance (thru 03/2022) | Officer | 40 | $123,300 |
Dr James O Duke Professor | 40 | $122,625 | |
Dr Michael St A Miller Executive VP & Dean | Officer | 40 | $122,130 |
Dr Stephen V Sprinkle Professor | 40 | $110,849 | |
Dr Jeffrey T Williams Assoc. Dean/assoc. Professor | 40 | $108,787 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Linbeck Group Llc Construction Project | 5/30/16 | $122,593 |
Russell Investments Investments | 5/30/16 | $402,197 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,506,388 |
| Noncash contributions included in lines 1a–1f | $73,684 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,506,388 |
| Total Program Service Revenue | $3,068,784 |
| Investment income | $2,629,610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $571,684 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,078,031 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,856,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $141,500 |
| Grants and other assistance to domestic individuals. | $1,894,434 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $774,579 |
| Compensation of current officers, directors, key employees. | $462,351 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,913,834 |
| Pension plan accruals and contributions | $220,257 |
| Other employee benefits | $709,775 |
| Payroll taxes | $249,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,892 |
| Fees for services: Accounting | $71,732 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $253,068 |
| Fees for services: Other | $63,927 |
| Advertising and promotion | $1,300 |
| Office expenses | $50,904 |
| Information technology | $19,450 |
| Royalties | $0 |
| Occupancy | $105,082 |
| Travel | $17,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,036 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $342,288 |
| Insurance | $15,545 |
| All other expenses | $58,020 |
| Total functional expenses | $9,663,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465,733 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $138,389 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,226 |
| Net Land, buildings, and equipment | $14,941,234 |
| Investments—publicly traded securities | $63,509,162 |
| Investments—other securities | $48,542,235 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,187,921 |
| Total assets | $131,791,900 |
| Accounts payable and accrued expenses | $2,730,929 |
| Grants payable | $0 |
| Deferred revenue | $107,275 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,496,300 |
| Other liabilities | $105,406 |
| Total liabilities | $4,439,910 |
| Net assets without donor restrictions | $25,597,868 |
| Net assets with donor restrictions | $101,754,122 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $131,791,900 |
Grants Awarded
Over the last fiscal year, Brite Divinity School has awarded $133,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Los Fresnos, TX PURPOSE: LUCE COVID-19 EMERGENCY GRANT | $15,506 |
Tucson, AZ PURPOSE: LUCE COVID-19 EMERGENCY GRANT | $10,000 |
Mcallen, TX PURPOSE: LUCE COVID-19 EMERGENCY GRANT | $10,000 |
SAN ANTONIO MENNONITE CHURCH PURPOSE: LUCE COVID-19 EMERGENCY GRANT | $10,000 |
El Paso, TX PURPOSE: LUCE COVID-19 EMERGENCY GRANT | $10,000 |
New Braunfels, TX PURPOSE: LUCE COVID-19 EMERGENCY GRANT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Brite Divinity School has recieved totaling $276,174.
| Awarding Organization | Amount |
|---|---|
E Rhodes And Leona B Carpenter Foundation Radnor, PA PURPOSE: TO HELP WITH ONE YEAR OF PROGRAM SUPPORT OF THE "CARPENTER INITIATIVE IN GENDER, SEXUALITY AND JUSTICE" PROGRAM | $100,000 |
Wayne And Jo Ann Moore Charitablefoundation Midland, TX PURPOSE: OPERATING EXPENSES | $75,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: PATHWAYS FOR TOMORROW INITIATIVE | $50,000 |
Martha Sue Parr Tr Chicago, IL PURPOSE: GENERAL OPERATING FUNDS | $25,000 |
Permian Basin Area Foundation Midland, TX PURPOSE: Educational | $14,879 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $7,500 |
Endowment Analysis
| Beg. Balance | $109,457,040 |
| Earnings | $1,491,265 |
| Net Contributions | $1,078,805 |
| Other Expense | $2,477,120 |
| Grants | $983,351 |
| Ending Balance | $108,566,639 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Community Ministries New Orleans, LA | $0 | $15,001,748 |
Brite Divinity School Fort Worth, TX | $131,791,900 | $16,856,485 |
Dallas Seminary Foundation Vision Fund Dallas, TX | $4,584,823 | $10,722,757 |
Grace School Of Theology The Woodlands, TX | $1,343,724 | $6,038,036 |
Rio Grande Bible Institute Inc Edinburg, TX | $14,715,494 | $6,700,846 |
Robert O Anderson School And Graduate School Of Management Foun Albuquerque, NM | $0 | $273,602 |
Academy For The Love Of Learning Inc Santa Fe, NM | $22,846,093 | $2,334,127 |
Ayurvedic Institute Albuquerque, NM | $4,339,366 | $2,514,881 |
Dallas International University Dallas, TX | $5,420,803 | $2,599,528 |
Montessori Training And Research Center Of Dallas Addison, TX | $3,170,861 | $1,277,613 |
Baptist Missionary Association Theological Seminary Jacksonville, TX | $3,013,601 | $1,672,352 |
Houston Graduate School Of Theology Houston, TX | $952,992 | $1,656,466 |