2024-02-08T07:22:39-06:00 2023-06-30 710355269 LANDMARK PLC CPAS P O BOX 10148 FORT SMITH AR 729170148 990 2022-07-01 465138928 ARKANSAS COLLEGES OF HEALTH EDUCATION ARKA 4793082243 7000 CHAD COLLEY BLVD FORT SMITH AR 72916 KYLE PARKER CEO 4793082243 2024-01-29 1 KYLE PARKER 999009999 0 DEANA A INFIELD P00440603 4794845740 2024-01-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KYLE PARKER 7000 CHAD COLLEY BLVD FORT SMITH AR 72916 67158158 0 X WWW.ACHEHEALTH.EDU X 2014 AR SEE SCHEDULE O FOR COMPLETE DESCRIPTION - THE MISSION OF THE ARKANSAS COLLEGES OF HEALTH EDUCATION (ACHE) IS TO EDUCATE AND TRAIN A DIVERSE GROUP OF HIGHLY COMPETENT AND COMPASSIONATE HEALTHCARE PROFESSIONALS; TO CREATE HEALTH AND RESEARCH SUPPORT FACILITIES; AND TO PROVIDE HEALTHY LIVING ENVIRONMENTS TO IMPROVE THE LIVES OF OTHERS. 16 16 248 120 0 0 1613659 2030714 31220586 33726745 -801484 550736 4390161 4346746 36422922 40654941 585355 0 0 0 19692720 21048335 0 0 518630 19347026 21257922 39625101 42306257 -3202179 -1651316 151532802 165322743 58481745 72514022 93051057 92808721 X SEE SCHEDULE O FOR COMPLETE DESCRIPTION - THE MISSION OF THE ARKANSAS COLLEGES OF HEALTH EDUCATION (ACHE) IS TO EDUCATE AND TRAIN A DIVERSE GROUP OF HIGHLY COMPETENT AND COMPASSIONATE HEALTHCARE PROFESSIONALS; TO CREATE HEALTH AND RESEARCH SUPPORT FACILITIES; AND TO PROVIDE HEALTHY LIVING ENVIRONMENTS TO IMPROVE THE LIVES OF OTHERS. 0 0 26128628 34075027 ACCREDITATION:ARKANSAS COLLEGES OF HEALTH EDUCATION HAS BEEN GRANTED CERTIFICATION TO OFFER THE FOLLOWING DEGREE PROGRAMS BY THE ARKANSAS HIGHER EDUCATION COORDINATING BOARD: DOCTOR OF OSTEOPATHIC MEDICINE, MASTER OF SCIENCE IN BIOMEDICINE, DOCTOR OF PHYSICAL THERAPY, DOCTOR OF OCCUPATIONAL THERAPY, AND MASTER OF PUBLIC HEALTH.ARKANSAS HIGHER EDUCATION COORDINATING BOARD CERTIFICATION DOES NOT CONSTITUTE AN ENDORSEMENT OF ANY INSTITUTION OR PROGRAM. SUCH CERTIFICATION MERELY INDICATES THAT CERTAIN CRITERIA HAVE BEEN MET AS REQUIRED UNDER THE RULES AND REGULATIONS IMPLEMENTING INSTITUTIONAL AND PROGRAM CERTIFICATION AS DEFINED IN A.C.A. 6-61-301.THE ARKANSAS COLLEGES OF HEALTH EDUCATION IS ACCREDITED BY THE HIGHER LEARNING COMMISSION, AN INSTITUTIONAL ACCREDITATION AGENCY RECOGNIZED BY THE U.S. DEPARTMENT OF EDUCATION. EACH OF THE AFOREMENTIONED DEGREES HAVE BEEN APPROVED BY HLC OR ARE ENGAGED IN THE APPROVAL PROCESS. THE AMERICAN OSTEOPATHIC ASSOCIATION (AOA) AND THE COMMISSION ON OSTEOPATHIC COLLEGE ACCREDITATION (COCA) PROVIDES ACCREDITING STANDARDS FOR THE OSTEOPATHIC MEDICAL EDUCATION PROGRAM. ARKANSAS COLLEGE OF OSTEOPATHIC MEDICINE (ARCOM) WAS GRANTED ACCREDITATION WITH HEIGHTENED MONITORING BY COCA EFFECTIVE MAY 2021.ADDITIONAL INDIVIDUAL PROFESSIONAL PROGRAMS OFFERED BY THE ARKANSAS COLLEGES OF HEALTH EDUCATION ARE IN VARIOUS STAGES OF ACCREDITATION, AS APPROPRIATE, BY THEIR RESPECTIVE PROGRAM ACCREDITORS.INSTITUTION AND PROGRAM ACHIEVMENTS: AS A YOUNG POST-GRADUATE INSTITUTION, ACHE CONTINUED INTO ITS NINTH YEAR FOCUSED ON MISSION DRIVEN GOALS, AS ESTABLISHED IN THE INSTITUTION'S STRATEGIC PLAN. THE THIRD ARCOM GRADUATION WAS HELD IN MAY 2023 WITH 122 GRADUATES RECEIVING THEIR DOCTOR OF OSTEOPATHIC MEDICINE DEGREE. OF THESE GRADUATES, 99% WERE PLACED IN RESIDENCIES THROUGH THE ACCREDITATION COUNCIL FOR GRADUATE MEDICAL EDUCATION(ACGME) MATCH PROGRAM, WITH THE MAJORITY OF THEM PLACED IN ARKANSAS OR THE SURROUNDING SERVICE AREA. THE MASTER OF SCIENCE IN BIOMEDICINE PROGRAM GRADUATED 30 STUDENTS IN MAY 2023. THE SCHOOL OF PHYSICAL THERAPY MATRICULATED A COHORT OF 38 STUDENTS IN MAY 2023 AND WILL HAVE ITS FIRST GRADUATION IN MAY 2024. THE SCHOOL OF OCCUPATIONAL THERAPY MATRICULATED A COHORT OF 18 STUDENTS IN MAY 2023 AND WILL HAVE ITS FIRST GRADUATION IN MAY 2025. ACHE CONTINUED TO DEEPEN ITS INTERPROFESSIONAL RELATIONSHIPS WITH ACCREDITED COLLEGES AND UNIVERSITIES, AND AGREEMENTS WERE SIGNED WITH SEVERAL REGIONAL INSTITUTIONS TO HELP STREAMLINE THEIR STUDENTS' ADMISSIONS INTO ACHE PROGRAMS. PARTNERSHIPS WITH LOCAL AND REGIONAL UNIVERSITIES HELP TO RETAIN STUDENTS, CREATING ADDITIONAL HEALTHCARE PROFESSIONALS FOR OUR COMMUNITY AND STATE.IN MAY 2021 ACHE RECEIVED A $32.3 MILLION GRANT TO BEGIN THE REPURPOSING OF THE BUILDING ACQUIRED TO HOUSE THE RESEARCH INSTITUTE HEALTH AND WELLNESS CENTER. THE GRANT INCLUDED $5 MILLION TO ENDOW PROGRAMS, BASED IN RESEARCH, THAT WILL DIRECTLY IMPACT THE HEALTH AND WELLNESS OF THE COMMUNITY AND STATE. AT THE END OF FISCAL YEAR 2023, RENOVATION OF THE FIRST FLOOR WHICH INCLUDES THE HEALTH AND WELLNESS CENTER, TEACHING KITCHEN, CENTER FOR CLINICAL RESEARCH, AND EVENT CENTER WAS COMPLETE. THE WELLNESS CENTER STRIVES TO REACH THE MISSION OF "PROVIDING HEALTHY LIVING ENVIRONMENTS TO IMPROVE THE LIVES OF OTHERS" THROUGH ITS COMMUNITY CENTERED PROGRAMS INCLUDING CLASSES AND EVENTS IN THE FABRICATION LAB, CERAMICS LAB, FITNESS CENTER, ART GALLERIES, AND TEACHING KITCHEN. THE SECOND AND THIRD FLOOR RENOVATIONS FOR THE RESEARCH INSTITUTE ARE ALSO UNDERWAY AND EXPECT TO BE COMPLETED IN FISCAL YEAR 2025. ALONG WITH HIRING ITS FIRST VICE PRESIDENT OF RESEARCH TO OVERSEE THE FORTHCOMING RESEARCH INSTITUTE, ACHE HIRED ITS FIRST EXECUTIVE DIRECTOR OF THE CENTER FOR ONCOLOGY RESEARCH AS WE MOVE TOWARDS COMPLETION OF THE RESEARCH FACILITY. OTHER RESEARCH CENTERS SUCH AS THE CENTER FOR OBESITY AND METABOLOMICS, THE CENTER FOR HYPERTENSION AND CARDIOVASCULAR DISEASE, THE CENTER FOR GENOMICS AND PERSONALIZED MEDICINE, AND THE CENTER FOR NEUROSCIENCE AND AEROSPACE MEDICINE ARE IN THE PLANNING STAGES FOR THE WHEN THE FACILITY BECOMES FULLY FUNCTIONAL. ACHE'S COMMITMENT TO THE OVERALL FIELDS OF HEALTH, WELLNESS, AND RESEARCH WILL CONTINUE TO ADVANCE THE ACHE MISSION AT AN ACCELERATED PACE. 26128628 1 1 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 372 0 1 248 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X CHRIS BROWN 4793082243 PO BOX 10366 FORT SMITH AR 72917 JOHN TAYLOR TRUSTEE 1.00 X 0 0 0 COLE GOODMAN CHAIRMAN 1.00 X X 0 0 0 MIKE BARR TREASURER 1.00 X X 0 0 0 JEFF BEAUCHAMP TRUSTEE 1.00 X 0 0 0 JUDY BOREHAM SECRETARY 1.00 X X 0 0 0 RON DARBEAU TRUSTEE 1.00 X 0 0 0 KAREN PHARIS TRUSTEE 1.00 X 0 0 0 DAVID CRAIG TRUSTEE 1.00 X 0 0 0 MIKE CARROLL VICE CHAIR 1.00 X X 0 0 0 JASON HILL TRUSTEE 1.00 X 0 0 0 LAVON MORTON TRUSTEE 1.00 X 0 0 0 FRANK SHIPLEY TRUSTEE 1.00 X 0 0 0 BRENDA ALTMAN TRUSTEE 1.00 X 0 0 0 BILL ANDERSON TRUSTEE 1.00 X 0 0 0 RICHARD DUNSWORTH TRUSTEE 1.00 X 0 0 0 SEAN BAKER TRUSTEE 1.00 X 0 0 0 KYLE D PARKER CEO/PRESIDENT 40.00 X 1056810 0 36947 LES SMITH VP/COO 40.00 X 615262 0 36947 JOEL WEBB VP/CTO 40.00 X 163262 0 30830 CHRIS BROWN VP/CFO 40.00 X 208641 0 27526 RANCE MCCLAIN FORMER DEAN/ARCOM 40.00 X 424158 0 36947 DONALD SEFCIK SENIOR VP/PROVOST 40.00 X 453168 0 31232 LESLIE ZIEGLER ASSISTANT DEAN, CLINICAL M 40.00 X 237829 0 33987 SHERRY TURNER ASSOCIATE DEAN OF GME & DIO 40.00 X 326424 0 31147 ANDREW RYALS DIRECTOR, CLINICAL SKILLS 40.00 X 238477 0 17707 3724031 0 283270 11 0 1 0 RICK MOONEY CONSTRUCTION INC 16421 LIBERTY HILL RD NATURAL DAM AR 72948 CONSTRUCTION 7770133 ACTION INC 1308 E CHURCH ST BARLING AR 72923 CONSTRUCTION 5099178 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DR RESTON VA 20191 SOFTWARE 466324 ALLENTOWN LLC 165 RTE 526 ALLENTOWN NJ 08501 EQUIPMENT 432681 WALTER IRRIGATION INC 7838 OLD CONCORD RD ALMA AR 72921 GROUNDS 432213 20 190120 331515 1509079 94779 2030714 STUDENT TUITION/FEES 611310 33392004 33392004 RESEARCH GRANT INCOME 611310 334741 334741 33726745 1682566 1682566 4136412 0 4136412 4136412 4136412 25233439 26365269 -1131830 -1131830 -1131830 0 190120 137948 -137948 -137948 MISCELLANEOUS INCOME 900099 332082 332082 MANAGEMENT FEES 900099 16200 16200 348282 40654941 34075027 0 4549200 2043975 2043975 17082493 11290927 5564436 227130 664341 454892 201798 7651 1257526 867047 372501 17978 414603 278795 135808 3769 3769 73171 73171 170578 170578 244592 86243 158349 366043 173223 174882 17938 1775954 1224816 537262 13876 2383755 135008 2248747 483397 412941 53054 17402 145892 119721 21320 4851 2180947 324308 1856639 5167224 3103732 2063492 2628768 1440785 1141393 46590 PRECEPTORS 2199050 2199050 SUPPLIES 827157 447204 359587 20366 LIBRARY RESOURCES 735843 716215 19628 MISCELLANEOUS 621338 174604 422554 24180 835841 635142 99659 101040 42306257 26128628 15658999 518630 792969 742084 12500 6582 584823 684365 136259014 25178963 82525620 111080051 48989936 43515357 18626954 9294304 151532802 165322743 6417111 5784878 40885118 49925398 11179516 16803746 58481745 72514022 X 69615055 77558593 23436002 15250128 93051057 92808721 151532802 165322743 -1651316 1408980 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5302228 378200 541685 6222113 5268810 735485 -702067 5302228 139138 5100871 28801 5268810 595485 79439 3526 539312 139138 500000 53000 66273 23788 595485 0.00000 1.00000 0.00000 0 0 14368335 14368335 105291659 15490885 89800774 16000505 9089563 6910942 598515 598515 0 111080051 INVESTMENTS HELD BY INVESTMENT MANAGER - MUTUAL FUNDS & OTHER 43515357 F 43515357 MISCELLANEOUS RECEIVABLE- CURRENT 560124 CONSTRUCTION IN PROGRESS 8734180 9294304 BANK OVERDRAFT 358838 LINE OF CREDIT 15141061 NOTE PAYABLE - AFFILIATE 1303847 16803746 X 42031291 1408980 1408980 40622311 170578 -137948 32630 40654941 42273627 0 42273627 170578 -137948 32630 42306257 PART V, LINE 4: THE ORGANIZATION INTENDS TO KEEP THE ENDOWMENT FUNDS INVESTED IN PERPETUITY AND USE THE EARNINGS FROM THESE ENDOWMENTS TO ACCOMPLISH THE WISHES OF THE DONORS WHICH ARE PRIMARILY AWARDING SCHOLARSHIPS TO STUDENTS AND FUNDING HEALTH AND WELLNESS PROGRAMMING. PART X, LINE 2: THE ORGANIZATION QUALIFIES AS AN ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT SUBJECT TO TAX AT THE ENTITY LEVEL FOR FEDERAL TAX PURPOSES. THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE PROVISIONS OF FASB CODIFICATION TOPIC INCOME TAXES. FASB CODIFICATION TOPIC INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND REQUIRES THE ORGANIZATION TO RECOGNIZE IN THEIR FINANCIAL STATEMENTS THE IMPACT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UNDER AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS ASSESSED THE TAX POSITIONS OF THE ORGANIZATION AND DETERMINED THAT NO POSITIONS EXIST THAT REQUIRE ADJUSTMENT OR DISCLOSURE UNDER THE PROVISIONS OF FASB CODIFICATION TOPIC INCOME TAXES. THE ORGANIZATION FILES INFORMATIONAL "RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX" (FORM 990) IN THE U.S. FEDERAL JURISDICTION AND DOES NOT FILE ANY STATE RETURNS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT EXPENSES - FUNDRAISING EVENT -137,948. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIRECT EXPENSES - FUNDRAISING EVENT -137,948. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ARKANSAS COLLEGE OF OSTEOPATHIC MEDICINE DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE FROM A LARGE GEOGRAPHIC SECTION AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS. OUR PUBLICITY REQUIREMENT IS SATISFIED BY COMPLYING WITH SECTION 4.02. SCHEDULE E, PART I, LINE 6 ARKANSAS COLLEGES OF HEALTH EDUCATION RECEIVES TITLE IV MONIES ON BEHALF OF THE STUDENTS. ON-CALL GALA 190120 190120 51481 8575 77892 190120 190120 51481 8575 77892 137948 -137948 X 1 1 X X 0 0 0 0 0 0 0 0 0 KYLE D PARKER CEO/PRESIDENT 1056810 0 0 0 0 0 0 0 36947 0 1093757 0 0 0 LES SMITH VP/COO 615262 0 0 0 0 0 0 0 36947 0 652209 0 0 0 DONALD SEFCIK SENIOR VP/PROVOST 453168 0 0 0 0 0 0 0 31232 0 484400 0 0 0 RANCE MCCLAIN FORMER DEAN/ARCOM 424158 0 0 0 0 0 0 0 36947 0 461105 0 0 0 SHERRY TURNER ASSOCIATE DEAN OF GME & DIO 326424 0 0 0 0 0 0 0 31147 0 357571 0 0 0 LESLIE ZIEGLER ASSISTANT DEAN, CLINICAL M 237829 0 0 0 0 0 0 0 33987 0 271816 0 0 0 ANDREW RYALS DIRECTOR, CLINICAL SKILLS 238477 0 0 0 0 0 0 0 17707 0 256184 0 0 0 CHRIS BROWN VP/CFO 208641 0 0 0 0 0 0 0 27526 0 236167 0 0 0 JOEL WEBB VP/CTO 163262 0 0 0 0 0 0 0 30830 0 194092 0 0 0 X SPECIAL EVENTS 4 53600 FAIR MARKET VALUE X STUDENT GIFTS 150 15951 FAIR MARKET VALUE X MARKETING EQUIPMENT & SUPPLIES 1 2329 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION WORKS WITH AN INDEPENDENT ACCOUNTING FIRM TO PREPARE THE 990. ONCE PREPARED, THE CFO REVIEWS THE FORM WITH THE FINANCE COMMITTEE AND THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ANNUALLY, AND THROUGHOUT THE YEAR IF CHANGES OCCUR, REQUESTS CONFLICTS OF INTEREST FORMS FROM OFFICERS, DIRECTORS, AND KEY EMPLOYEES TO DETERMINE IF ANY POTENTIAL CONFLICTS EXIST AND TAKES APPROPRIATE ACTION DEPENDING UPON THE NATURE OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY REVIEWS THE PRESIDENT AND CEO AND DETERMINES COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST FORMS, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CERTAIN WEBSITES, LIKE CHARITY NAVIGATOR AND GUIDESTAR FOR EXAMPLE, WILL DISPLAY THE 990 TAX RETURN INFORMATION UPON FILING. FORM 990, PART XII, LINE 2C: THE AUDITED FINANCIAL STATEMENTS ARE PREPARED BY AN INDEPENDENT AUDITING FIRM AND ARE REVIEWED AND APPROVED BY THE CFO, THE BOARD FINANCE COMMITTEE, AND THE BOARD OF TRUSTEES. ACHE REAL ESTATE HOLDINGS 7000 CHAD COLLEY BLVD FORT SMITH AR 72916 812787403 OWN, OPERATE AND MANAGE REAL PROPERTY AR 11579555 ARKANSAS COLLEGES OF HEALTH EDUCATION THE DEGEN FOUNDATION PO BOX 10366 FORT SMITH AR 72917 710575827 COMMUNITY FOUNDATION AR 501(C)(3) LINE 12A, I N/A 0 FORT SMITH REGIONAL HEALTHCARE FOUNDATION PO BOX 10366 FORT SMITH AR 72917 710846701 COMMUNITY FOUNDATION AR 501(C)(3) LINE 12A, I N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 THE DEGEN FOUNDATION C 331515 FMV THE DEGEN FOUNDATION O 16200 COST THE DEGEN FOUNDATION E 1303847 COST - LOANS FROM DEGEN