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Nonprofiteer
← ARKANSAS COLLEGES OF HEALTH EDUCATION

Form 990 for tax year 2024

Filed by ARKANSAS COLLEGES OF HEALTH EDUCATION.

Totals

Total revenue
$52,604,324
Total expenses
$50,141,737
Contributions and grants received
$2,331,881
Grants paid
$0
Program service revenue
$40,715,602
Investment income
$2,371,406
Other revenue
$7,185,435
Total assets, end of year
$176,846,840
Total liabilities, end of year
$69,891,598
Net assets or fund balances, end of year
$106,955,242
Program services expenses (Part IX)
$30,582,406
Management and general expenses
$18,932,151
Fundraising expenses
$627,180
Program service expenses (Part III)
$30,582,406

Program services were 61.0% 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

    $836,150

  • 1d · Related organizations

    $654,718

  • 1f · All other contributions, gifts and grants

    $841,013

  • 1g · Noncash contributions included above

    $770,678

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

    total $39,606,715 · related or exempt $39,606,715

  • 2b · Program service revenue: RESEARCH GRANT INCOME

    total $1,021,787 · related or exempt $1,021,787

  • 2c · Program service revenue: GRANT INCOME

    total $87,100 · related or exempt $87,100

  • 3 · Investment income

    total $1,961,966 · excluded $1,961,966

  • 6a · Gross rents

    real property $6,887,822

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $6,887,822

  • 6d · Net rental income or loss

    total $6,887,822 · excluded $6,887,822

  • 7a · Gross sales of assets other than inventory

    securities $17,351,473 · other assets $326,773

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

    securities $17,233,512 · other assets $35,294

  • 7c · Gain or loss

    securities $117,961 · other assets $291,479

  • 7d · Net gain or loss

    total $409,440 · excluded $409,440

  • 8a · Fundraising events: gross income

    $0

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

    $836,150

  • 8b · Fundraising events: direct expenses

    $173,495

  • 8c · Net income from fundraising events

    total -$173,495 · excluded -$173,495

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $417,108 · related or exempt $417,108

  • 11b · Other revenue: MANAGEMENT FEES

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

  • 11e · Other revenue, total

    $471,108

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,490,686 · program services $1,058,453 · management and general $1,432,233

  • 7 · Other salaries and wages

    total $19,013,593 · program services $14,193,154 · management and general $4,598,440 · fundraising $221,999

  • 8 · Pension plan contributions

    total $714,490 · program services $496,921 · management and general $208,685 · fundraising $8,884

  • 10 · Payroll taxes

    total $1,425,115 · program services $999,047 · management and general $409,916 · fundraising $16,152

  • 11a · Fees: management

    total $715,936 · program services $276,230 · management and general $438,831 · fundraising $875

  • 11b · Fees: legal

    total $24,507 · management and general $24,507

  • 11c · Fees: accounting

    total $81,028 · management and general $81,028

  • 11f · Fees: investment management

    total $104,712 · management and general $104,712

  • 11g · Fees: other

    total $303,565 · program services $135,830 · management and general $167,735

  • 12 · Advertising and promotion

    total $581,060 · program services $447,816 · management and general $122,795 · fundraising $10,449

  • 14 · Information technology

    total $2,639,592 · program services $1,767,531 · management and general $826,465 · fundraising $45,596

  • 16 · Occupancy

    total $3,149,526 · program services $559,903 · management and general $2,589,623

  • 17 · Travel

    total $248,937 · program services $211,892 · management and general $35,954 · fundraising $1,091

  • 19 · Conferences, conventions and meetings

    total $767,305 · program services $558,106 · management and general $197,395 · fundraising $11,804

  • 20 · Interest

    total $2,942,928 · program services $389,897 · management and general $2,553,031

  • 22 · Depreciation, depletion and amortization

    total $5,931,728 · program services $3,033,521 · management and general $2,898,207

  • 23 · Insurance

    total $2,986,391 · program services $1,615,377 · management and general $1,332,147 · fundraising $38,867

  • 24a · Other expenses: PRECEPTORS

    total $2,398,943 · program services $2,398,943

  • 24b · Other expenses: LIBRARY RESOURCES

    total $848,491 · program services $848,491

  • 24c · Other expenses: SPECIAL EVENTS

    total $681,323 · program services $548,138 · management and general $34,377 · fundraising $98,808

  • 24d · Other expenses: MISCELLANEOUS

    total $595,270 · program services $128,439 · management and general $466,163 · fundraising $668

  • 24e · All other expenses

    total $1,496,611 · program services $914,717 · management and general $409,907 · fundraising $171,987

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,255,309 · end of year $1,602,794

  • 3 · Pledges and grants receivable

    beginning of year $14,389 · end of year $291,888

  • 7 · Other notes and loans receivable

    beginning of year $93,399 · end of year $71,761

  • 9 · Prepaid expenses and deferred charges

    beginning of year $674,119 · end of year $757,097

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

    $162,639,933

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

    $36,092,698

  • 10c · Land, buildings and equipment, net

    beginning of year $117,261,954 · end of year $126,547,235

  • 13 · Investments: program-related

    beginning of year $42,544,407 · end of year $45,091,880

  • 15 · Other assets

    beginning of year $9,291,576 · end of year $2,484,185

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,802,735 · end of year $4,752,962

  • 23 · Secured mortgages and notes payable

    beginning of year $50,287,985 · end of year $49,506,356

  • 25 · Other liabilities

    beginning of year $12,523,186 · end of year $15,632,280

  • 27 · Net assets without donor restrictions

    beginning of year $84,325,785 · end of year $87,344,557

  • 28 · Net assets with donor restrictions

    beginning of year $19,195,462 · end of year $19,610,685

Mission and programs · 2024

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. EARLY INITIAL ACCREDITATION WAS GRANTED ON JUNE 24, 2021 FOR TEN YEARS. THIS ACCREDITATION WAS REAFFIRMED ON MARCH 21, 2025 FOLLOWING A MID-CYCLE REVIEW. EACH OF THE AFOREMENTIONED DEGREES HAS BEEN APPROVED BY HLC OR ARE ENGAGED IN THE APPROVAL PROCESS. THE AMERICAN OSTEOPATHIC ASSOCIATION (AOA) AND THE COMMISSION ON OSTEOPATHIC COLLEGE ACCREDITATION (COCA) PROVIDE ACCREDITING STANDARDS FOR THE OSTEOPATHIC MEDICAL EDUCATION PROGRAM. ARKANSAS COLLEGE OF OSTEOPATHIC MEDICINE (ARCOM) WAS GRANTED TEN-YEAR ACCREDITATION WITH EXCEPTIONAL OUTCOMES ON APRIL 23, 2025. THE COMMISSION ON ACCREDITATION IN PHYSICAL THERAPY EDUCATION (CAPTE) PROVIDES ACCREDITING STANDARDS FOR PHYSICAL THERAPY EDUCATION PROGRAMS. THE DOCTOR OF PHYSICAL THERAPY PROGRAM RECEIVED ACCREDITATION FROM CAPTE ON APRIL 30, 2024. THE ACCREDITATION COUNCIL FOR OCCUPATIONAL THERAPY EDUCATION (ACOTE) PROVIDES ACCREDITING STANDARDS FOR OCCUPATIONAL THERAPY EDUCATION PROGRAMS. THE DOCTOR OF OCCUPATIONAL THERAPY PROGRAM RECEIVED ACCREDITATION FROM ACOTE ON DECEMBER 9, 2024. INSTITUTION AND PROGRAM ACHIEVEMENTS: AS A YOUNG POST-GRADUATE INSTITUTION, ACHE CONTINUED INTO ITS ELEVENTH YEAR FOCUSED ON MISSION DRIVEN GOALS, AS ESTABLISHED IN THE INSTITUTION'S STRATEGIC PLAN, WHICH WAS UPDATED DURING THE YEAR AND COVERS FROM 2025 TO 2030. THE FIFTH ACHE GRADUATION WAS HELD IN MAY 2025. ARCOM GRADUATES RECEIVED THEIR DOCTOR OF OSTEOPATHIC MEDICINE DEGREE. 100% OF THE ARCOM GRADUATES 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 DEGREES FOR THE MASTER OF SCIENCE IN BIOMEDICINE, DOCTOR OF PHYSICAL THERAPY, AND DOCTOR OF OCCUPATIONAL THERAPY PROGRAMS WERE ALSO CONFERRED AT THE ACHE GRADUATION IN MAY 2025. THIS WAS THE INAUGURAL GRADUATING CLASS FOR THE SCHOOL OF OCCUPATIONAL THERAPY.THE NEW MASTER OF PUBLIC HEALTH PROGRAM MATRICULATED ITS FIRST COHORT DURING THE FISCAL YEAR AND EXPECTS TO GRADUATE ITS FIRST COHORT IN 2026. 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 2025, THE CONSTRUCTION OF THE RESEARCH INSTITUTE, INCLUDING THE CENTER FOR REHABILIATION RESEARCH AND THE VIVARIUM LAB, WAS COMPLETED AND OPERATIONAL. IN FISCAL YEAR 2025, ACHE RECEIVED A $3 MILLION GRANT FROM THE STATE OF ARKANSAS TO PURCHASE EQUIPMENT FOR USE IN THE RESEARCH AREA AS WELL AS IN PARTNERSHIP WITH ARKANSAS TECH'S SONOGRAPHY PROGRAM WHICH IS HOUSED IN THE ACHE RESEARCH INSTITUTE HEALTH AND WELLNESS CENTER. 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 $30,582,406 · Revenue $41,186,710

As filed on the 2024 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

  • 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
    $1,291,497
    From this org
    $1,252,410
    From related orgs
    $0
    Other
    $39,087
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,252,410
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $39,087
    Filer's total
    $1,291,497

  • Les Smith

    SENIOR VP/CHIEF OF STAFF

    Total calculated
    $757,385
    From this org
    $717,794
    From related orgs
    $0
    Other
    $39,591
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $717,794
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $39,591
    Filer's total
    $757,385

  • Joel Webb

    VP/CTO

    Total calculated
    $199,540
    From this org
    $167,817
    From related orgs
    $0
    Other
    $31,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,817
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $31,723
    Filer's total
    $199,540

  • Chris Brown

    VP/CFO

    Total calculated
    $391,595
    From this org
    $352,665
    From related orgs
    $0
    Other
    $38,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $352,665
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $38,930
    Filer's total
    $391,595

  • Teressa Brown

    SENIOR VP/PROVOST

    Total calculated
    $278,838
    From this org
    $249,436
    From related orgs
    $0
    Other
    $29,402
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,436
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $29,402
    Filer's total
    $278,838

  • Shannon Ramsey Jimenez

    DEAN OF ARCOM

    Total calculated
    $453,771
    From this org
    $414,373
    From related orgs
    $0
    Other
    $39,398
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $414,373
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $39,398
    Filer's total
    $453,771

  • Sherry Turner

    ASSOCIATE DEAN OF ACCREDITATION, GME & DIO

    Total calculated
    $364,849
    From this org
    $332,097
    From related orgs
    $0
    Other
    $32,752
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $332,097
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,752
    Filer's total
    $364,849

  • Jeffrey Osburn

    VP OF ACHE RESEARCH

    Total calculated
    $291,376
    From this org
    $256,166
    From related orgs
    $0
    Other
    $35,210
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,166
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $35,210
    Filer's total
    $291,376

  • Jeanne Rubpert

    ASSOCIATE DEAN OF CLINICAL MEDICINE

    Total calculated
    $308,943
    From this org
    $278,228
    From related orgs
    $0
    Other
    $30,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,228
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,715
    Filer's total
    $308,943

  • Jozia McGowan

    ASSSOCIATE DEAN OF ACADEMIC SUCCESS

    Total calculated
    $268,047
    From this org
    $246,421
    From related orgs
    $0
    Other
    $21,626
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,421
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,626
    Filer's total
    $268,047

  • Jason Sneed

    ASSISTANT DEAN OF OSTEOPATHIC INTEGRATION

    Total calculated
    $274,040
    From this org
    $241,410
    From related orgs
    $0
    Other
    $32,630
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,410
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,630
    Filer's total
    $274,040

  • Donald Sefcik

    SENIOR VICE PRESIDENT/PROVOST

    Total calculated
    $294,651
    From this org
    $273,934
    From related orgs
    $0
    Other
    $20,717
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,934
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,717
    Filer's total
    $294,651

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 $13,782,377

    Directly controlled by ARKANSAS COLLEGES OF HEALTH EDUCATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ACHE MOONEY INVESTMENTS LLC

    RELATED · REAL ESTATE · AR · 50% owned · share of income -$64,438

Provenance

Return type
form_990
Tax year
2024
Filed
3 February 2026
IRS schema version
2024v5.5
Source object
202600449349302120

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