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Nonprofiteer
← ARKANSAS COLLEGES OF HEALTH EDUCATION

Form 990 for tax year 2023

Filed by ARKANSAS COLLEGES OF HEALTH EDUCATION.

Totals

Total revenue
$56,969,412
Total expenses
$47,307,998
Contributions and grants received
$11,712,509
Grants paid
$0
Program service revenue
$36,854,716
Investment income
$3,146,277
Other revenue
$5,255,910
Total assets, end of year
$171,135,153
Total liabilities, end of year
$67,613,906
Net assets or fund balances, end of year
$103,521,247
Program services expenses (Part IX)
$29,420,490
Management and general expenses
$17,340,164
Fundraising expenses
$547,344
Program service expenses (Part III)
$29,420,490

Program services were 62.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $445,049

  • 1d · Related organizations

    $960,270

  • 1f · All other contributions, gifts and grants

    $10,307,190

  • 1g · Noncash contributions included above

    $875,442

  • 2a · Program service revenue: STUDENT TUITION/FEES

    total $36,739,367 · related or exempt $36,739,367

  • 2b · Program service revenue: RESEARCH GRANT INCOME

    total $115,349 · related or exempt $115,349

  • 3 · Investment income

    total $2,199,302 · excluded $2,199,302

  • 6a · Gross rents

    real property $4,898,615

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $4,898,615

  • 6d · Net rental income or loss

    total $4,898,615 · excluded $4,898,615

  • 7a · Gross sales of assets other than inventory

    securities $37,113,058

  • 7b · Less cost or other basis and sales expenses

    securities $36,166,083

  • 7c · Gain or loss

    securities $946,975

  • 7d · Net gain or loss

    total $946,975 · excluded $946,975

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $445,049

  • 8b · Fundraising events: direct expenses

    $112,064

  • 8c · Net income from fundraising events

    total -$112,064 · excluded -$112,064

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $415,359 · related or exempt $415,359

  • 11b · Other revenue: MANAGEMENT FEES

    total $54,000 · related or exempt $54,000

  • 11e · Other revenue, total

    $469,359

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,220,398 · program services $939,870 · management and general $1,280,528

  • 7 · Other salaries and wages

    total $18,175,161 · program services $13,556,606 · management and general $4,364,567 · fundraising $253,988

  • 8 · Pension plan contributions

    total $708,483 · program services $497,497 · management and general $201,247 · fundraising $9,739

  • 10 · Payroll taxes

    total $1,361,945 · program services $957,393 · management and general $383,301 · fundraising $21,251

  • 11a · Fees: management

    total $522,469 · program services $373,290 · management and general $141,503 · fundraising $7,676

  • 11b · Fees: legal

    total $1,173 · management and general $1,173

  • 11c · Fees: accounting

    total $73,775 · management and general $73,775

  • 11f · Fees: investment management

    total $150,420 · management and general $150,420

  • 11g · Fees: other

    total $184,126 · program services $90,371 · management and general $93,755

  • 12 · Advertising and promotion

    total $452,984 · program services $199,366 · management and general $234,159 · fundraising $19,459

  • 14 · Information technology

    total $2,794,305 · program services $1,888,805 · management and general $881,377 · fundraising $24,123

  • 16 · Occupancy

    total $2,765,722 · program services $463,444 · management and general $2,302,278

  • 17 · Travel

    total $235,752 · program services $202,575 · management and general $32,789 · fundraising $388

  • 19 · Conferences, conventions and meetings

    total $428,595 · program services $373,268 · management and general $43,924 · fundraising $11,403

  • 20 · Interest

    total $2,884,755 · program services $582,925 · management and general $2,301,830

  • 22 · Depreciation, depletion and amortization

    total $5,580,528 · program services $2,944,261 · management and general $2,636,267

  • 23 · Insurance

    total $2,941,937 · program services $1,628,444 · management and general $1,268,371 · fundraising $45,122

  • 24a · Other expenses: PRECEPTORS

    total $2,504,388 · program services $2,504,388

  • 24b · Other expenses: LIBRARY RESOURCES

    total $863,018 · program services $816,680 · fundraising $46,338

  • 24c · Other expenses: MISCELLANEOUS

    total $738,484 · program services $206,094 · management and general $532,323 · fundraising $67

  • 24d · Other expenses: SUPPLIES

    total $679,494 · program services $358,873 · management and general $311,565 · fundraising $9,056

  • 24e · All other expenses

    total $1,040,086 · program services $836,340 · management and general $105,012 · fundraising $98,734

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $742,084 · end of year $1,255,309

  • 3 · Pledges and grants receivable

    beginning of year $6,582 · end of year $14,389

  • 7 · Other notes and loans receivable

    end of year $93,399

  • 9 · Prepaid expenses and deferred charges

    beginning of year $684,365 · end of year $674,119

  • 10a · Land, buildings and equipment: cost or other basis

    $148,021,441

  • 10b · Land, buildings and equipment: accumulated depreciation

    $30,759,487

  • 10c · Land, buildings and equipment, net

    beginning of year $111,080,051 · end of year $117,261,954

  • 13 · Investments: program-related

    beginning of year $43,515,357 · end of year $42,544,407

  • 15 · Other assets

    beginning of year $9,294,304 · end of year $9,291,576

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,784,878 · end of year $4,802,735

  • 23 · Secured mortgages and notes payable

    beginning of year $49,925,398 · end of year $50,287,985

  • 25 · Other liabilities

    beginning of year $16,803,746 · end of year $12,523,186

  • 27 · Net assets without donor restrictions

    beginning of year $77,558,593 · end of year $84,325,785

  • 28 · Net assets with donor restrictions

    beginning of year $15,250,128 · end of year $19,195,462

Mission and programs · 2023

Mission

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.

  • 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 TENTH YEAR FOCUSED ON MISSION DRIVEN GOALS, AS ESTABLISHED IN THE INSTITUTION'S STRATEGIC PLAN. ACHE CELEBRATED ITS FIRST DECADE WITH FOUNDER'S DAY IN THE SPRING, WHICH BROUGHT HUNDREDS OF PEOPLE TO CAMPUS. THE FOURTH ARCOM GRADUATION WAS HELD IN MAY 2024 WITH 145 GRADUATES RECEIVING THEIR DOCTOR OF OSTEOPATHIC MEDICINE DEGREE. OF THESE GRADUATES, 100% WERE PLACED IN RESIDENCIES THROUGH THE ACCREDITATION COUNCIL FOR GRADUATE MEDICAL EDUCATION(ACGME) MATCH PROGRAM, WITH THE MAJORITY OF THEM PLACED IN ACHE'S SERVICE AREA. THE MASTER OF SCIENCE IN BIOMEDICINE PROGRAM GRADUATED 23 STUDENTS IN MAY 2024. THE SCHOOL OF PHYSICAL THERAPY GRADUATED ITS FIRST CLASS OF 28 STUDENTS IN MAY 2024. THE SCHOOL OF OCCUPATIONAL THERAPY MATRICULATED A COHORT OF 23 STUDENTS IN MAY 2024 AND WILL HAVE ITS FIRST GRADUATION IN MAY 2025. THE NEW MASTER OF PUBLIC HEALTH PROGRAM MATRICULATED ITS FIRST COHORT OF 17 STUDENTS IN AUGUST 2024. 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. AT THE END OF FISCAL YEAR 2024, THE CONSTRUCTION OF THE RESEARCH INSTITUTE, INCLUDING THE CENTER FOR REHABILITATION RESEARCH AND THE VIVARIUM LAB, WAS NEARLY COMPLETE. SUBSEQUENT TO YEAR END, A RIBBON CUTTING WAS HELD IN NOVEMBER 2024. ACHE IS WORKING ON POTENTIAL ADDITIONAL ACADEMIC PROGRAMS AS WELL AS CONTINUED DEVELOPMENT OF THE CAMPUS. ACHE'S COMMITMENT TO THE OVERALL FIELDS OF HEALTH, WELLNESS, AND RESEARCH WILL CONTINUE TO ADVANCE THE ACHE MISSION AT AN ACCELERATED PACE.

    Expenses $29,420,490 · Revenue $37,324,075

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Taylor

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Cole Goodman

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • Mike Barr

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Beauchamp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ron Darbeau

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Karen Pharis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Craig

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mike Carroll

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jason Hill

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lavon Morton

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Frank Shipley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brenda Altman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bill Anderson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Dunsworth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sean Baker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kyle D Parker

    CEO/PRESIDENT

    Total calculated
    $1,170,923
    From this org
    $1,132,210
    From related orgs
    $0
    Other
    $38,713
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,132,210
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $38,713
    Filer's total
    $1,170,923

  • Les Smith

    SENIOR VP/COO

    Total calculated
    $688,975
    From this org
    $650,262
    From related orgs
    $0
    Other
    $38,713
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $650,262
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $38,713
    Filer's total
    $688,975

  • Joel Webb

    VP/CTO

    Total calculated
    $201,764
    From this org
    $170,299
    From related orgs
    $0
    Other
    $31,465
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,299
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $31,465
    Filer's total
    $201,764

  • Chris Brown

    VP/CFO

    Total calculated
    $302,970
    From this org
    $267,627
    From related orgs
    $0
    Other
    $35,343
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,627
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $35,343
    Filer's total
    $302,970

  • Donald Sefcik

    SENIOR VP/PROVOST

    Total calculated
    $502,309
    From this org
    $469,596
    From related orgs
    $0
    Other
    $32,713
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $469,596
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,713
    Filer's total
    $502,309

  • Sherry Turner

    ASSOCIATE DEAN OF GME & DI

    Total calculated
    $368,551
    From this org
    $336,174
    From related orgs
    $0
    Other
    $32,377
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $336,174
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,377
    Filer's total
    $368,551

  • Andrew Ryals

    DIRECTOR, CLINICAL SKILLS

    Total calculated
    $263,262
    From this org
    $245,151
    From related orgs
    $0
    Other
    $18,111
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,151
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,111
    Filer's total
    $263,262

  • Shannon Ramsey Jimenez

    DEAN OF ARCOM

    Total calculated
    $440,043
    From this org
    $403,407
    From related orgs
    $0
    Other
    $36,636
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $403,407
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $36,636
    Filer's total
    $440,043

  • Jeffrey Osburn

    VP OF ACHE RESEARCH

    Total calculated
    $294,159
    From this org
    $259,367
    From related orgs
    $0
    Other
    $34,792
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,367
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $34,792
    Filer's total
    $294,159

  • Rance McClain

    FORMER DEAN/ARCOM

    Total calculated
    $275,415
    From this org
    $252,713
    From related orgs
    $0
    Other
    $22,702
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,713
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,702
    Filer's total
    $275,415

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ACHE REAL ESTATE HOLDINGS

    OWN, OPERATE AND MANAGE REAL PROPERTY · AR · assets $12,478,229

    Directly controlled by ARKANSAS COLLEGES OF HEALTH EDUCATION

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202511299349302901

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