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ALICE L WALTON SCHOOL OF MEDICINE

EIN 85-2907907 BENTONVILLE, AR

Revenue 2023
$272,971,712
Expenses 2023
$22,151,638

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
Classification
1000
Street
600 MUSEUM WAY

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • ALICE L WALTON

    PRESIDENT, DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 19 related

  • Cheryl Pegus MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JAMES YOUNG MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Katherine Hobbs Knutson MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • LARS STEVEN NELSON

    DIRECTOR (Until 01/25/2024)

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • LLOYD MINOR MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Marc Nivet MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PATRICK CONWAY MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Todd Simmons

    DIRECTOR (FROM 01/25/2024)

    Total calculated
    $0
    Hours/week
    0.5

  • Valerie Montgomery Rice MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PHILIP SIGSWORTH

    CFO & TREASURER (UNTIL 12/14/23)

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • RICHARD HOSLEY

    SECRETARY (until 12/1/23)

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Sharmila Makhija MD

    Dean, Chief Executive Officer

    Total calculated
    $644,914
    From this org
    $627,621
    From related orgs
    $0
    Other
    $17,293
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $527,621
    Bonus
    $100,000
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $4,093
    Filer's total
    $644,914

  • SHARON BRIDGES

    GENERAL COUNSEL, SECRETARY (From 12/01/23)

    Total calculated
    $121,771
    From this org
    $115,607
    From related orgs
    $0
    Other
    $6,164
    Hours/week
    40

  • WALTER HARRIS

    VP of Administration and Finance, Interim Treasurer (FROM 12/20/23)

    Total calculated
    $418,620
    From this org
    $0
    From related orgs
    $402,054
    Other
    $16,566
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $384,804 related
    Bonus
    $0 + $17,250 related
    Other
    $0
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $3,366 related
    Filer's total
    $0 + $418,620 related

  • Colleen Grochowski

    Senior Associate Dean, Academic Affairs

    Total calculated
    $347,278
    From this org
    $327,209
    From related orgs
    $0
    Other
    $20,069
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $327,209
    Bonus
    $0
    Other
    $0
    Deferred
    $13,200
    Nontaxable benefits
    $6,869
    Filer's total
    $347,278

  • Ellisa Jones-Mckyer

    Vice Dean for Faculty Affairs

    Total calculated
    $370,082
    From this org
    $349,379
    From related orgs
    $0
    Other
    $20,703
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $349,379
    Bonus
    $0
    Other
    $0
    Deferred
    $10,422
    Nontaxable benefits
    $10,281
    Filer's total
    $370,082

  • James Rindfleisch

    Associate Dean

    Total calculated
    $301,390
    From this org
    $285,825
    From related orgs
    $0
    Other
    $15,565
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,825
    Bonus
    $0
    Other
    $0
    Deferred
    $12,360
    Nontaxable benefits
    $3,205
    Filer's total
    $301,390

  • Ken Hopper

    Assistant Dean, Health Systems Science

    Total calculated
    $277,716
    From this org
    $259,702
    From related orgs
    $0
    Other
    $18,014
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,702
    Bonus
    $25,000
    Other
    $0
    Deferred
    $8,306
    Nontaxable benefits
    $9,708
    Filer's total
    $277,716

  • Kevin Kunkler

    Assistant Dean, Simulation, Innovation and Clinical Skills

    Total calculated
    $260,409
    From this org
    $243,254
    From related orgs
    $0
    Other
    $17,155
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,254
    Bonus
    $5,000
    Other
    $0
    Deferred
    $9,730
    Nontaxable benefits
    $7,425
    Filer's total
    $260,409

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 — 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. Earlier years are each on their own filing page.

Filings

  • 2023
    Revenue
    $272,971,712
    Expenses
    $22,151,638
    Contributions
    $266,696,414
    Grants paid
    $0
  • 2022
    Revenue
    $10,890,974
    Expenses
    $11,536,757
    Contributions
    $10,899,818
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2023 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.