2023-02-14T10:35:30-06:00 2022-06-30 710355269 LANDMARK PLC CPAS P O BOX 10148 FORT SMITH AR 729170148 990 2021-07-01 465138928 ARKANSAS COLLEGES OF HEALTH EDUCATION ARKA 4793082243 7000 CHAD COLLEY BLVD FORT SMITH AR 72916 KYLE PARKER CEO 4793082243 2023-02-02 1 KYLE PARKER 999009999 DEANA A INFIELD P00440603 4794845740 2023-02-02 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z KYLE PARKER 7000 CHAD COLLEY BLVD FORT SMITH AR 72916 90747695 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 HEALTH CARE PROFESSIONALS; TO CREATE HEALTH AND RESEARCH FACILITIES; AND TO PROVIDE HEALTHY LIVING ENVIRONMENTS TO IMPROVE THE LIVES OF OTHERS. 16 16 200 120 0 0 35796474 1613659 29969251 31220586 3156824 -801484 3672322 4390161 72594871 36422922 718647 585355 0 0 18829214 19692720 0 0 482087 17134477 19347026 36682338 39625101 35912533 -3202179 152804274 151532802 53303143 58481745 99501131 93051057 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 25428180 585355 32156699 SEE SCHEDULE O FOR COMPLETE DESCRIPTION: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, MASTER OF PHYSICIAN ASSISTANT STUDIES 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 (HLC), 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 EIGHTH YEAR FOCUSED ON MISSION DRIVEN GOALS, AS ESTABLISHED IN THE INSTITUTION'S STRATEGIC PLAN. THE SECOND ARCOM GRADUATION WAS HELD IN MAY 2022 WITH 135 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 35 STUDENTS IN MAY 2022. THE SCHOOL OF PHYSICAL THERAPY MATRICULATED A COHORT OF 44 STUDENTS IN MAY 2022. THE SCHOOL OF OCCUPATIONAL THERAPY MATRICULATED ITS INAGURAL COHORT OF 16 STUDENTS IN JANUARY 2022. 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 2022, RENOVATION OF THE FIRST FLOOR WHICH INCLUDES THE HEALTH AND WELLNESS CENTER, TEACHING KITCHEN, RESEARCH CLINIC, AND EVENT CENTER WAS CLOSE TO COMPLETION. THE SECOND AND THIRD FLOOR RENOVATIONS FOR THE RESEARCH INSTITUTE ARE ALSO UNDERWAY AND EXPECT TO BE COMPLETED IN FISCAL YEAR 2024. ACHE ALSO HIRED ITS FIRST VICE PRESIDENT OF RESEARCH TO OVERSEE THE FORTHCOMING RESEARCH INSTITUTE. THIS STATEMENT OF COMMITMENT TO THE OVERALL FIELDS OF HEALTH, WELLNESS, AND RESEARCH WILL CONTINUE TO ADVANCE THE ACHE MISSION AT AN ACCELERATED PACE. 25428180 1 1 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 419 0 1 200 1 0 0 0 0 0 0 0 0 0 0 0 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 JOHN BROWN III TRUSTEE 1.00 X 0 0 0 RON DARBEAU TRUSTEE 1.00 X 0 0 0 CHRISTOPHER GREER 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 PAUL DAVIS TRUSTEE 1.00 X 0 0 0 KYLE D PARKER CEO/PRESIDENT 40.00 X 991980 0 35655 BRIAN KIM PRESIDENT 40.00 X 574594 0 30111 LES SMITH VP/COO 40.00 X 382597 0 35655 JOEL WEBB VP/CTO 40.00 X 155690 0 29889 CHRIS BROWN VP/CFO 40.00 X 99465 0 11729 RAY STOWERS DO SPECIAL ASST - DEPT OF CLINICAL MEDICINE 40.00 X 310426 0 21804 RANCE MCCLAIN DEAN/ARCOM 40.00 X 386176 0 35655 ROBERT SANDERS DIRECTOR, OPP INTEGRATION 40.00 X 235617 0 24281 DONALD SEFCIK SENIOR VP/PROVOST 40.00 X 308282 0 30115 LESLIE ZIEGLER ASSISTANT DEAN, CLINICAL MEDICINE 40.00 X 247439 0 30872 THOMAS H WEBB JR FORMER VP/COO 40.00 X 193910 10000 15964 DENNIS BAUER FORMER VP/CFO 40.00 X 108683 0 12592 3994859 10000 314322 10 1 1 0 RICK MOONEY CONSTRUCTION INC 16421 LIBERTY HILL RD NATURAL DAM AR 72948 CONSTRUCTION 6175182 ACTION INC 1308 E CHURCH ST BARLING AR 72923 CONSTRUCTION 1175992 CHASEN B GARRETT ARCHITECTS PLLC 7309 CHAD COLLEY BLVD FORT SMITH AR 72923 ARCHITECT 626991 FORD AUDIO-VIDEO SYSTEMS LLC 4800 WEST I-40 SVC ROAD OKLAHOMA CITY OK 73128 AUDIO VISUAL SYSTEMS/EQUIPMENT 507262 TIM A RISLEY & ASSOCIATES 6101 PHOENIX AVE FORT SMITH AR 72903 CONSTRUCTION 313309 24 353200 1260459 304899 1613659 STUDENT TUITION/FEES 611310 30996148 30996148 RESEARCH GRANT INCOME 611310 224438 224438 31220586 747607 747607 3849743 0 3849743 3849743 3849743 52226578 549104 54171364 153409 -1944786 395695 -1549091 395695 -1944786 MISCELLANEOUS INCOME 900099 524218 524218 MANAGEMENT FEES 900099 16200 16200 540418 36422922 32156699 0 2652564 585355 585355 2204325 2204325 15737152 10863053 4646957 227142 622911 434895 179877 8139 1128332 784343 327136 16853 2469282 2329957 139325 7612 7612 61711 61711 128344 128344 185828 67400 118428 399924 206949 176692 16283 1292663 700557 574241 17865 2519942 136328 2383614 226037 192596 33441 189926 151943 37295 688 1608082 333334 1274748 5036856 3293556 1743300 2420845 1356889 1017611 46345 LIBRARY RESOURCES 657683 657683 SUPPLIES 611322 340362 231855 39105 MISCELLANEOUS 587203 155544 398680 32979 SPECIAL EVENTS 248462 195961 19325 33176 695304 437150 214642 43512 39625101 25428180 13714834 482087 45640221 792969 228242 12500 167336 584823 102537359 20011739 86985211 82525620 16218532 48989936 3564732 18626954 152804274 151532802 3564466 6417111 39825745 40885118 9912932 11179516 53303143 58481745 X 67710605 69615055 31790526 23436002 99501131 93051057 152804274 151532802 -3202179 -3247895 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5268810 735485 -702067 5302228 139138 5100871 28801 5268810 595485 79439 3526 539312 139138 500000 53000 66273 23788 595485 500000 500000 0.00000 1.00000 0.00000 0 0 10289844 10289844 78063352 11048891 67014461 13585648 8364333 5221315 598515 598515 0 82525620 INVESTMENTS HELD BY INVESTMENT MANAGER - MUTUAL FUNDS & OTHER 48989936 F 48989936 RENT RECEIVABLE 87349 MISCELLANEOUS RECEIVABLE- CURRENT 1184730 CONSTRUCTION IN PROGRESS 17354875 18626954 BANK OVERDRAFT 97880 LINE OF CREDIT 9777789 NOTE PAYABLE - AFFILIATE 1303847 11179516 X 33046683 -3247895 -3247895 36294578 128344 128344 36422922 39496757 0 39496757 128344 128344 39625101 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. 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. 1 MERCY HOSPITAL FORT SMITH PO BOX 17000 FORT SMITH AR 72917 710240352 501(C)(3) 585355 0 DONATION OF CASH TO ESTABLISH RESIDENCY PROGRAM PART I, LINE 2: GRANTS TO MERCY HOSPITAL FORT SMITH ARE DISTRIBUTED IN ACCORDANCE WITH THE TERMS OF THE GRANT AGREEMENT. X 1 1 X X 0 0 0 0 0 0 0 0 0 KYLE D PARKER CEO/PRESIDENT 991980 0 0 0 0 0 0 0 35655 0 1027635 0 0 0 BRIAN KIM PRESIDENT 574594 0 0 0 0 0 0 0 30111 0 604705 0 0 0 RANCE MCCLAIN DEAN/ARCOM 386176 0 0 0 0 0 0 0 35655 0 421831 0 0 0 LES SMITH VP/COO 382597 0 0 0 0 0 0 0 35655 0 418252 0 0 0 DONALD SEFCIK SENIOR VP/PROVOST 308282 0 0 0 0 0 0 0 30115 0 338397 0 0 0 RAY STOWERS DO SPECIAL ASST - DEPT OF CLINICAL MEDI 310426 0 0 0 0 0 0 0 21804 0 332230 0 0 0 LESLIE ZIEGLER ASSISTANT DEAN, CLINICAL MEDICINE 247439 0 0 0 0 0 0 0 30872 0 278311 0 0 0 ROBERT SANDERS DIRECTOR, OPP INTEGRATION 235617 0 0 0 0 0 0 0 24281 0 259898 0 0 0 THOMAS H WEBB JR FORMER VP/COO 193910 10000 0 0 0 0 0 0 15964 0 209874 10000 0 0 JOEL WEBB VP/CTO 155690 0 0 0 0 0 0 0 29889 0 185579 0 0 0 DENNIS BAUER FORMER VP/CFO 108683 0 0 0 0 0 0 0 12592 0 121275 0 0 0 X 1 265000 FAIR VALUE X SPECIAL EVENTS 1 19450 FAIR MARKET VALUE X STUDENT GIFTS 150 18649 FAIR MARKET VALUE X SUPPLIES 1 1800 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/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 10039886 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 353200 FMV THE DEGEN FOUNDATION O 16200 COST THE DEGEN FOUNDATION E 1303847 COST - LOANS FROM DEGEN