2022-02-14T14:37:33-06:00 2021-06-30 710355269 LANDMARK PLC CPAS P O BOX 10148 FORT SMITH AR 729170148 990 2020-07-01 465138928 ARKANSAS COLLEGES OF HEALTH EDUCATION ARKA 4793082243 7000 CHAD COLLEY BLVD FORT SMITH AR 72916 KYLE PARKER CEO 4793082243 2022-01-31 1 KYLE PARKER 999009999 DEANA A INFIELD P00440603 4794845740 2022-01-31 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KYLE PARKER 7000 CHAD COLLEY BLVD FORT SMITH AR 72916 108058617 0 X WWW.ACHEEDU.ORG 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. 18 18 170 100 0 0 2514611 35796474 21405691 29969251 792920 3156824 1471575 3672322 26184797 72594871 114207 718647 0 0 15512447 18829214 0 0 264587 11631526 17134477 27258180 36682338 -1073383 35912533 125131280 152804274 59690917 53303143 65440363 99501131 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 22669729 718647 30374519 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, AND MASTER OF PHYSICIAN ASSISTANT STUDIES.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.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 SEVENTH YEAR FOCUSED ON MISSION DRIVEN GOALS, AS ESTABLISHED IN THE INSTITUTION'S STRATEGIC PLAN. THE INAUGURAL ARCOM GRADUATION WAS HELD ON MAY 15, 2021 WITH 143 GRADUATES RECEIVING THEIR DOCTOR OF OSTEOPATHIC MEDICINE DEGREE. OF THESE GRADUATES, 97% 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 36 STUDENTS IN MAY 2021. THE SCHOOL OF PHYSICAL THERAPY MATRICULATED A COHORT OF 36 STUDENTS IN JUNE 2021. THE SCHOOL OF OCCUPATIONAL THERAPY CONTINUED ITS PROGRAM AND CURRICULUM DEVELOPMENT IN PREPARATION FOR THE MATRICULATION OF ITS INAUGURAL COHORT 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.THE EXPANSION OF RESEARCH EFFORTS RELATIVE TO ALL ACHE PROGRAMS RECEIVED A MAJOR BOOST IN SEPTEMBER OF 2020 WHEN ACHE ACQUIRED A LARGE OFFICE COMPLEX WHICH WILL BECOME THE ARKANSAS COLLEGES OF HEALTH EDUCATION RESEARCH INSTITUTE, HEALTH AND WELLNESS CENTER. THE FIVE-STORY, 318,000 SQUARE FOOT FACILITY IS LOCATED ON 62 ACRES IN SOUTHWEST FORT SMITH. IN MAY 2021 ACHE RECEIVED A $32.3 MILLION GRANT TO BEGIN THE REPURPOSING OF THE BUILDING AQUIRED 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. RENOVATION OF THE FACILITY IS UNDERWAY TO ACCOMMODATE THE RESEARCH HEALTH AND WELLNESS OBJECTIVES ASSOCIATED WITH ALL PROGRAMS. THIS STATEMENT OF COMMITMENT TO THE OVERALL FIELDS OF HEALTH AND WELLNESS WILL CONTINUE TO ADVANCE THE ACHE MISSION AT AN ACCELERATED PACE. 22669729 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 299 0 1 170 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 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 CHAIRMAN 1.00 X X 0 0 0 COLE GOODMAN VICE CHAIR 1.00 X X 0 0 0 MIKE RAPPEPORT TREASURER 1.00 X X 0 0 0 MIKE BARR TRUSTEE 1.00 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 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 BILL HANNA TRUSTEE 1.00 X 0 0 0 RONNIE HAWKINS TRUSTEE 1.00 X 0 0 0 TOM HOLLAND TRUSTEE 1.00 X 0 0 0 JIM PATRIDGE 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 TRUSTEE 1.00 X 0 0 0 JASON HILL TRUSTEE 1.00 X 0 0 0 LAVON MORTON TRUSTEE 1.00 X 0 0 0 KYLE D PARKER CEO 40.00 X 1022730 0 34527 THOMAS H WEBB JR VP/COO 40.00 X 330731 0 28769 DENNIS BAUER VP/CFO 40.00 X 173204 0 25394 BRIAN KIM PRESIDENT 40.00 X 415981 0 29212 LES SMITH VP/COO 40.00 X 245299 0 30983 JOEL WEBB VP/CTO 40.00 X 143363 0 27188 RAY STOWERS DO CHAIRMAN-EXTERNAL/ALUMNI R 40.00 X 411161 0 28769 RANCE MCCLAIN DEAN/ARCOM 40.00 X 330093 0 34527 JOHN SEALEY ASSOCIATE DEAN, CLINICAL MEDICINE 40.00 X 264173 0 20229 GARY EDWARDS DO CHAIR OF FAMILY MEDICINE 40.00 X 232673 0 17974 ROBERT SANDERS DIRECTOR, OPP INTEGRATION 40.00 X 234015 0 23863 3803423 0 301435 12 0 1 0 FORD AUDIO-VIDEO SYSTEMS LLC 4800 WEST I-40 SVC ROAD OKLAHOMA CITY OK 73128 AUDIO VISUAL SYSTEMS/EQUIPMENT 602517 RICK MOONEY CONSTRUCTION INC 16421 LIBERTY HILL RD NATURAL DAM AR 72948 CONSTRUCTION 566266 MCKESSON MEDICAL-SURGICAL INC 9954 MARYLAND DR RICHMOND VA 23233 MEDICAL SUPPLIES 249239 KAPLAN INC 1515 W CYPRESS CREEK RD FORT LAUDERDALE FL 33309 EDUCATIONAL SERVICES 175340 CHASEN B GARRETT ARCHITECTS PLLC 7309 CHAD COLLEY BLVD FORT SMITH AR 72923 ARCHITECT 132676 22 218032 2574812 33003630 35796474 STUDENT TUITION/FEES 611310 29077383 29077383 RESEARCH GRANT INCOME 611310 891868 891868 29969251 607864 607864 3241353 0 3241353 3241353 3241353 37808706 204000 35234045 229701 2574661 -25701 2548960 -25701 2574661 MISCELLANEOUS INCOME 900099 366769 366769 MANAGEMENT FEES 900099 64200 64200 430969 72594871 30374519 0 6423878 718647 718647 2331308 2331308 14869957 12019721 2699606 150630 585848 401456 178356 6036 1042101 706025 325214 10862 2055743 1818504 232494 4745 25748 25748 56788 643 56145 98122 98122 269590 100532 169058 282080 120201 151114 10765 1071944 452689 612755 6500 2011713 97867 1913846 161045 145909 15136 81835 72452 8591 792 1724299 435606 1288693 4678131 2860696 1817435 2152220 1171207 953284 27729 STUDENT FINANCIAL AID 570750 570750 LIBRARY RESOURCES 541428 541428 SUPPLIES 530527 282911 228412 19204 MISCELLANEOUS 257671 233762 23909 564843 489473 71955 3415 36682338 22669729 13748022 264587 5814141 45640221 377261 228242 123255 167336 101960094 14974883 70696223 86985211 1539013 36243184 16218532 10338203 3564732 125131280 152804274 5624226 3564466 54066691 39825745 0 9912932 59690917 53303143 X 29796795 67710605 35643568 31790526 65440363 99501131 125131280 152804274 35912533 -1851765 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 139138 5100871 28801 5268810 595485 79439 3526 539312 139138 500000 53000 66273 23788 595485 500000 500000 0.00000 1.00000 0.00000 0 0 10111641 10111641 77968503 8315782 69652721 13281435 6060586 7220849 598515 598515 0 86985211 INVESTMENTS HELD BY INVESTMENT MANAGER - MUTUAL FUNDS & OTHER 16218532 F 16218532 BANK OVERDRAFT 322916 LINE OF CREDIT 8871369 NOTE PAYABLE - AFFILIATE 718647 9912932 X 70644984 -1851765 -1851765 72496749 98122 98122 72594871 36584216 0 36584216 98122 98122 36682338 PART V, LINE 4: THE ORGANIZATION INTENDS TO KEEP THE TRUE ENDOWMENT FUNDS INVESTED IN PERPETUITY AND USE A PORTION OF THE EARNINGS OFF THESE ENDOWMENTS TO ACCOMPLISH THE WISHES OF THE DONORS WHICH ARE PRIMARILY AWARDING SCHOLARSHIPS TO STUDENTS. 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) 718647 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 1022730 0 0 0 0 0 0 0 34527 0 1057257 0 0 0 BRIAN KIM PRESIDENT 415981 0 0 0 0 0 0 0 29212 0 445193 0 0 0 RAY STOWERS DO CHAIRMAN-EXTERNAL/ALUMNI R 411161 0 0 0 0 0 0 0 28769 0 439930 0 0 0 RANCE MCCLAIN DEAN/ARCOM 330093 0 0 0 0 0 0 0 34527 0 364620 0 0 0 THOMAS H WEBB JR VP/COO 330731 0 0 0 0 0 0 0 28769 0 359500 0 0 0 JOHN SEALEY ASSOCIATE DEAN, CLINICAL MEDICINE 264173 0 0 0 0 0 0 0 20229 0 284402 0 0 0 LES SMITH VP/COO 245299 0 0 0 0 0 0 0 30983 0 276282 0 0 0 ROBERT SANDERS DIRECTOR, OPP INTEGRATION 234015 0 0 0 0 0 0 0 23863 0 257878 0 0 0 GARY EDWARDS DO CHAIR OF FAMILY MEDICINE 232673 0 0 0 0 0 0 0 17974 0 250647 0 0 0 DENNIS BAUER VP/CFO 173204 0 0 0 0 0 0 0 25394 0 198598 0 0 0 JOEL WEBB VP/CTO 143363 0 0 0 0 0 0 0 27188 0 170551 0 0 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 7345456 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 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 THE DEGEN FOUNDATION C 218032 FMV THE DEGEN FOUNDATION O 64200 COST