2020-06-09T11:56:49-05:00 2019-06-30 710355269 LANDMARK PLC CPAS P O BOX 10148 FORT SMITH AR 729170148 990 2018-07-01 465138928 ARKANSAS COLLEGES OF HEALTH EDUCATION ARKA 4793082243 7000 CHAD COLLEY BLVD FORT SMITH AR 72916 KYLE PARKER CEO 4793082243 2020-05-15 1 DEANA A INFIELD P00440603 4794845740 2020-05-15 40.133.38.90 2020-05-15 12:49:00 CD P 3CBEBC548B5A11A20ADF92435CBA7C3735AFBA2E 0974BBDC2C3A740F23E42B0AA6F408BB91F73EF7 2018 2020-09-23 17:36:50Z X KYLE PARKER 7000 CHAD COLLEY BLVD FORT SMITH AR 72916 27762896 0 X WWW.ACHEEDU.ORG X 2014 AR 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 16 115 92 0 0 40473981 958492 7565686 14414180 896898 663635 854450 1422509 49791015 17458816 0 5000 0 0 10296872 12740800 0 0 141861 6442412 9210403 16739284 21956203 33051731 -4497387 103982161 113413791 33906760 47119222 70075401 66294569 X 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. 0 0 12220024 5000 14774158 ARKANSAS COLLEGES OF HEALTH EDUCATION (ACHE) WAS FORMED MARCH 7, 2014 AS A NOT FOR PROFIT PUBLIC CHARITY CORPORATION. THE MISSION OF ACHE IS TO CONSTRUCT, DEVELOP, AND OPERATE AN OSTEOPATHIC MEDICAL SCHOOL IN FORT SMITH, ARKANSAS, AS WELL AS SCHOOLS FOR OTHER HEALTH CARE PROFESSIONS. APPLICATION WAS MADE BY ACHE TO BECOME QUALIFIED AS A TAX EXEMPT ORGANIZATION UNDER 501(C)3 OF THE INTERNAL REVENUE SERVICE CODE. A DETERMINATION LETTER OF APPROVAL WAS RECEIVED FROM THE IRS ON SEPTEMBER 29, 2014. ACHE ACCEPTED ITS FIRST CLASS OF STUDENTS IN THE ARKANSAS COLLEGE OF OSTEOPATHIC MEDICINE IN JULY 2017. IN FISCAL YEAR 2019, THERE WERE 318 ENROLLED STUDENTS IN THE ARKANSAS COLLEGE OF OSTEOPATHIC MEDICINE (153 IN SECOND YEAR AND 165 IN FIRST YEAR OF SCHOOL). ACHE WAS AWARDED AN NIH GRANT IN MAY, 2018 IN THE AMOUNT OF $323,628 FOR THE PERIOD OF JUNE 1, 2018 THROUGH MAY 31, 2021. IN FISCAL YEAR 2019, $104,264 IN DIRECT COSTS AND $6,874 IN INDIRECT COSTS WERE REIMBURSED BY THE GRANT. 12220024 1 1 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 96 0 1 115 1 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 DENNIS BAUER 4793082243 7000 CHAD COLLEY BLVD FORT SMITH AR 72916 DAVID CRAIG CHAIRMAN 1.00 X 0 0 0 JOHN TAYLOR VICE-CHAIRMAN 1.00 X 0 0 0 COLE GOODMAN SECRETARY 1.00 X 0 0 0 MIKE RAPPEPORT TREASURER 1.00 X 0 0 0 JAMES BAKER TRUSTEE 1.00 X 0 0 0 MIKE BARR TRUSTEE 1.00 X 0 0 0 JEFF BEAUCHAMP TRUSTEE 1.00 X 0 0 0 JUDY BOREHAM TRUSTEE 1.00 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 KYLE D PARKER CEO 40.00 X 910930 0 54558 RAY STOWERS DO PROVOST 40.00 X 404496 0 41412 THOMAS H WEBB JR VICE PRESIDENT/CHIEF OPERATING OFFICER 40.00 X 297433 0 40052 DENNIS BAUER VICE PRESIDENT/CHIEF FINANCIAL OFFICER 40.00 X 150039 0 32924 JONATHAN HATHAWAY VICE PRESIDENT/CHIEF TECHNOLOGY OFFICER 40.00 X 126265 0 36628 BRIAN KIM PRESIDENT 40.00 X 0 0 0 HOLLY JENNINGS MD CHAIR OF INTERNAL MEDICINE 40.00 X 241164 0 21822 GARY EDWARDS DO ASSISTANT PROFESSOR OF FAMILY MEDICINE 40.00 X 194267 0 26420 ROSS LONGLEY ASSOCIATE DEAN OF BIOMEDICAL SCIENCES 40.00 X 163144 0 33685 TIMOTHY BUFFEY CHAIR OF FAMILY PRACTICE 40.00 X 224309 0 38297 TONY LITTLE ASSOCIATE DEAN OF GME/CME 40.00 X 179230 0 34796 AMANDA WRIGHT DO FORMER DEAN OF CLINICAL MEDICINE 40.00 X 241815 0 43217 LESLEY SCHMITZ FORMER INTERIM CHAIR OF OPP 40.00 X 214016 0 33802 JULIA MOFFITT FORMER CHAIR OF PPP 40.00 X 141376 0 23359 3488484 0 460972 13 1 1 0 MEADOWS CONSTRUCTION CO INC PO BOX 18160 FORT SMITH AR 72918 CONSTRUCTION 6642500 BESHEARS CONTRUCTION INC PO BOX 6299 FORT SMITH AR 72906 CONSTRUCTION 5649656 TIM A RISLEY & ASSOCIATES 1 CON/ARC PLACE 6101 PHOENIX AVE FORT SMITH AR 72903 ARCHITECT 891111 ONE DIVERSIFIED LLC 3103 SW I ST STE 9 BENTONVILLE AR 72712 IT EQUIPMENT 259423 MCKESSON MEDICAL-SURGICAL INC 9954 MAYLAND DRIVE SUITE 4000 RICHMOND VA 23233 MEDICAL EQUIPMENT 208166 5 187289 771203 958492 STUDENT TUITION/FEES 611310 14284927 14284927 RESEARCH GRANT INCOME 611310 129253 129253 14414180 812968 812968 1062531 0 1062531 1062531 1062531 10154747 10304080 -149333 -149333 -149333 MISCELLANEOUS INCOME 900099 295778 295778 MANAGEMENT FEES 900099 64200 64200 359978 17458816 14774158 0 1726166 5000 5000 1889163 1889163 9701526 7983552 1627974 90000 400643 275901 121140 3602 749468 548548 194274 6646 390629 334138 56491 67656 67656 34668 34668 92965 92965 31879 12364 19515 288281 131603 148681 7997 558705 189721 366243 2741 536454 60015 476439 410750 308746 101128 876 128287 91709 35528 1050 1049195 5456 1043739 2823051 490228 2332823 1352135 799095 534633 18407 SUPPLIES 402934 216174 178706 8054 LIBRARY RESOURCES 298640 298640 MISCELLANEOUS 241267 39471 201589 207 DUES AND SUBSCRIPTIONS 199431 172187 26504 740 303476 257476 44459 1541 21956203 12220024 9594318 141861 3345142 1595398 13775083 3491228 377243 160179 56174022 6715111 50553768 49458911 351169 810391 35111455 36364337 468301 21533347 103982161 113413791 972621 1803192 32934139 45316030 33906760 47119222 X 20330660 25222342 49244741 40476742 500000 595485 70075401 66294569 103982161 113413791 -4497387 716555 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 500000 53000 66273 23788 595485 500000 500000 0 0 9016046 9016046 39731195 3890113 35841082 6828266 2465861 4362405 598515 359137 239378 49458911 RESERVES FOR ACCREDITATION AGENCY HELD IN EQUITY FUNDS, MUTUAL FUNDS 36364337 F 36364337 RENT RECEIVABLE 106700 MISCELLANEOUS OTHER RECEIVABLES 1371208 CONSTRUCTION IN PROGRESS 20055439 21533347 X 18082406 716555 716555 17365851 92965 92965 17458816 21863238 0 21863238 92965 92965 21956203 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 A SIMILAR STATE STATUTE AND IS NOT SUBJECT TO TAX AT THE ENTITY LEVEL FOR FEDERAL AND STATE INCOME 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. PART V, LINE 4 AN ENDOWMENT FOR $500,000 WAS ESTABLISHED TO BE UTILIZED FOR CAMPUS BEAUTIFICATION AND CREATION OF A MEMORY GARDEN. AN ENDOWMENT OF $50,000 WAS ESTABLISHED IN MEMORY OF DYLAN ROBINSON TO BE UTILIZED FOR SCHOLARSHIPS. 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 POPULATION 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 AND ITS PROGRAMS RECEIVE TITLE IV MONIES ON BEHALF OF THE STUDENTS. X 1 1 X X 0 0 0 0 0 0 0 0 0 KYLE D PARKER CEO 910930 0 0 0 0 0 0 0 54558 0 965488 0 0 0 RAY STOWERS DO PROVOST 404496 0 0 0 0 0 0 0 41412 0 445908 0 0 0 THOMAS H WEBB JR VICE PRESIDENT/CHIEF OPERATING OFFIC 297433 0 0 0 0 0 0 0 40052 0 337485 0 0 0 DENNIS BAUER VICE PRESIDENT/CHIEF FINANCIAL OFFIC 150039 0 0 0 0 0 0 0 32924 0 182963 0 0 0 JONATHAN HATHAWAY VICE PRESIDENT/CHIEF TECHNOLOGY OFFI 126265 0 0 0 0 0 0 0 36628 0 162893 0 0 0 HOLLY JENNINGS MD CHAIR OF INTERNAL MEDICINE 241164 0 0 0 0 0 0 0 21822 0 262986 0 0 0 GARY EDWARDS DO ASSISTANT PROFESSOR OF FAMILY MEDICI 194267 0 0 0 0 0 0 0 26420 0 220687 0 0 0 ROSS LONGLEY ASSOCIATE DEAN OF BIOMEDICAL SCIENCE 163144 0 0 0 0 0 0 0 33685 0 196829 0 0 0 TIMOTHY BUFFEY CHAIR OF FAMILY PRACTICE 224309 0 0 0 0 0 0 0 38297 0 262606 0 0 0 TONY LITTLE ASSOCIATE DEAN OF GME/CME 179230 0 0 0 0 0 0 0 34796 0 214026 0 0 0 AMANDA WRIGHT DO FORMER DEAN OF CLINICAL MEDICINE 241815 0 0 0 0 0 0 0 43217 0 285032 0 0 0 LESLEY SCHMITZ FORMER INTERIM CHAIR OF OPP 214016 0 0 0 0 0 0 0 33802 0 247818 0 0 0 JULIA MOFFITT FORMER CHAIR OF PPP 141376 0 0 0 0 0 0 0 23359 0 164735 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 CEO POSITION AND DETERMINES COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST FORMS, FORM 990, 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, FINANCE COMMITTEE, AND THE BOARD OF TRUSTEES. ACHE REAL ESTATE HOLDINGS LLC 7000 CHAD COLLEY BLVD FORT SMITH AR 72916 812787403 OWN, OPERATE AND MANAGE REAL PROPERTY AR 7283937 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 THE DEGEN FOUNDATION O 64200 COST THE DEGEN FOUNDATION C 187289 FMV