Brite Divinity School EIN 23-7121060

Brite Divinity School FY2020 filing

EIN  23-7121060 Public charity (501(c)(3)) Fort Worth, TX Founded 1914
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Verified accurate 7/21/26 · see original filing: IRS
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Size
$10–100M
What they do
Educates and inspires people to serve God's diverse creation.
Leadership
Dr D Newell Williams · President · $241K
Money in and out
$11.6M revenue, $9.5M expenses
Bottom line
78% program efficiency

Educates and inspires people to serve God's diverse creation. For fiscal year 2020 it reported $11.6M in revenue, $9.5M in expenses, and $110.5M in net assets.Pt I

Where the money goes · FY2020
Total revenue
$11.6M
Pt VIII · Ln 12
Total expenses
$9.5M
Pt IX · Ln 25
Net assets
$110.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.1M
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.15 Fundraising $0.06
Program efficiency
78%
of spending reaches programs
Operating runway
118.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$11.6M
FY2020
Expenses
$9.5M
FY2020
Total assets
$114.1M
FY2020
Total liabilities
$3.6M
FY2020
Total revenue
$11.6M
Pt VIII · Ln 12
Total expenses
$9.5M
Pt IX · Ln 25
Net assets
$110.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.1M
Total assetsPt X · Ln 16$114.1M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 332
Independent voting membersPt I · Ln 431
Mission & Programs · Part III

Where the work happens

3 program services account for $6.0M of program spending, described in the organization's own filed words · FY2019.
01

Brite educates and inspires people to serve god's diverse world as leaders in churches, the academy and public life. See schedule o for more.

$5.0Mprogram expense
02

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. One full-time manager and part-time staff are employed for the benefit of the facility.

$674Kprogram expense
03

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.

$302Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBrite Divinity School
EINHdr · item D23-7121060
Principal addressHdr · item CFort Worth, TX
WebsiteHdr · item Jwww.brite.tcu.edu
Year of formationHdr · item L1914
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B500)
Ruling yearIRS BMFJul 1935

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a32
Independent voting membersPt VI · Ln 1b31
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$240,633Pt VII · Sec A
VP for Advancement
$132,358Pt VII · Sec A
$130,704Pt VII · Sec A
Exec VP/Dean - Thru 5/2019; Prof.
$127,742Pt VII · Sec A
VP Business and Finance
$114,248Pt VII · Sec A
$107,681Pt VII · Sec A
Associate Dean/ Assoc. Prof.
$103,763Pt VII · Sec A
$103,201Pt VII · Sec A

Rev Dr Stephen M Cady II’s $303K as President is at the 66th percentile of top reported officer pay among 3682 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Rev Dr Stephen M Cady II$303,203
Dr D Newell Williams$245,887$294,616$202,455$252,758$240,633
Rev Michael Cooper-White$209,333$37,276
Dr Michael St a Miller$159,122$141,164$155,687$122,130$125,837
Mr Jeffrey Guy Thru 12024$148,117
Mr Donald D Walker$147,213$141,133$140,347$82,710
Ms Mary Brouillette$78,129$134,290$132,358
Dr James O Duke$122,625$129,903$130,704

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$4.0M · 34%
Program service revenue$3.6M · 31%
Investment income$3.6M · 31%
Other revenue$508K · 4%
Contributions & grants34%$4.0M
Program service revenue31%$3.6M
Investment income31%$3.6M
Other revenue4%$508K
Total revenueLn 12$11.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.15 Fundraising $0.06
Program services78%$7.4M
Management & general15%$1.5M
Fundraising6%$602K
Total functional expensesLn 25$9.5M

Balance Sheet

Part X · end of year
CashLn 1$1.8M
Total assetsLn 16$114.1M
Total liabilitiesLn 26$3.6M
Total net assetsLn 32$110.5M
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $93.1M · Operating expenses (Pt IX) $9.5M · Less non-cash grants $53K · Cash operating expenses/yr $9.5M
118.2 months
Where the money goes
Program services
Program services $7.4M · Total expenses $9.5M
78%
Management & General
Management & general $1.5M · Total expenses $9.5M
15%
Fundraising
Fundraising $602K · Total expenses $9.5M
6%
Cost to raise $1
Fundraising expense $602K · Solicited contributions $4.0M
$0.15 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $4.0M · Total revenue $11.6M
34%
Government reliance
Government grants — · Total revenue $11.6M
Earned-income share
Program service revenue $3.6M · Total revenue $11.6M
31%
Investment reliance
Investment income $3.6M · Total revenue $11.6M
+31%
Program self-sufficiency
Program service revenue $3.6M · Total expenses $9.5M
37%
Growth & trend
Revenue growth (YoY)
This year $11.6M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $110.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $11.6M · Expenses $9.5M
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $114.1M
Net-asset ratio
Net assets $110.5M · Total assets $114.1M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $54.4M · Other securities (Pt X, ln 12) $36.9M · Total assets (Pt X, ln 16) $114.1M
80%
People & payroll
Highest Reported Total Compensation
Individual Dr D Newell Williams · Reported title PRESIDENT · Highest reported compensation $241K · Total expenses $9.5M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $4.4M · Total expenses $9.5M
47%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 15%
Fundraising cost ratio 15%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$22K
Grants paid · 6 grants · $10.7M · 2019–2024
Unitemized GrantFY2024$2,233,407
Unitemized GrantFY2023$1,796,985
Unitemized GrantFY2022$937,554
Unitemized GrantFY2021$1,622,727
Unitemized GrantFY2020$1,894,434
Unitemized GrantFY2019$2,183,608

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$12.3M revenue · ⤓ 990 PDF
FY2024$9.1M revenue · ⤓ 990 PDF
FY2023$17.4M revenue · ⤓ 990 PDF
FY2022$11.0M revenue · ⤓ 990 PDF
FY2021$16.9M revenue · ⤓ 990 PDF
FY2020$11.6M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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