Alice L Walton School Of Medicine
- Assets
- $3.8m
- Revenue
- $8.3m
- Investments
- $85.0k
- Employees
- 6
- Location
- Bentonville, AR
- Founding
- Data as of
- 06/2022
- EIN
- 85-2907907
Organization Overview
Alice L Walton School Of Medicine is located in Bentonville, AR. As of 06/2022, Alice L Walton School Of Medicine employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alice L Walton School Of Medicine is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Alice L Walton School Of Medicine generated $8.3m in total revenue. All expenses for the organization totaled $5.2m during the year ending 06/2022. While expenses have increased by 98.8% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHING A SCHOOL OF MEDICINE OFFERING A FOUR-YEAR, MEDICAL DEGREE-GRANTING PROGRAM THAT INTEGRATES CONVENTIONAL MEDICINE WITH HOLISTIC PRINCIPLES AND SELF-CARE PRACTICES, AND CARRYING OUT RELATED ACTIVITIES PROMOTING WHOLE HEALTH PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS IN A START UP PHASE AND IS IN THE PROCESS OF DEVELOPING ITS CURRICULUM, ESTABLISHING SCHOOL GOVERNANCE STRUCTURES AND OBTAINING ACCREDITATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director, President | OfficerTrustee | 1 | $0 |
Name Not Listed Director (until 5/4/22) | OfficerTrustee | 0.5 | $0 |
Name Not Listed Director (from 3/28/22) | Trustee | 0.5 | $0 |
Name Not Listed Director (from 5/4/22) | Trustee | 0.5 | $0 |
Name Not Listed Director (from 5/4/22) | Trustee | 0.5 | $0 |
Name Not Listed Director (from 5/4/22) | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pricewaterhousecoopers Llp Consulting Fees | 6/29/22 | $1,200,000 |
Alliance Support Co Llc Administrative Services | 6/29/22 | $292,788 |
Mahoney Education Consultants Consulting Fees | 6/29/22 | $114,330 |
Wittkeifer Inc Consulting Fees | 6/29/22 | $113,865 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,255,069 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,255,069 |
| Total Program Service Revenue | $0 |
| Investment income | -$2,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,252,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,448,761 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $114,554 |
| Payroll taxes | $72,104 |
| Fees for services: Management | $1,243,989 |
| Fees for services: Legal | $38,408 |
| Fees for services: Accounting | $22,821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,332 |
| Advertising and promotion | $7,633 |
| Office expenses | $20,987 |
| Information technology | $60,150 |
| Royalties | $0 |
| Occupancy | $99,458 |
| Travel | $28,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $460 |
| Insurance | $0 |
| All other expenses | $17,698 |
| Total functional expenses | $5,214,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,639,330 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,695 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,998,339 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $85,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,764,364 |
| Accounts payable and accrued expenses | $636,232 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $636,232 |
| Net assets without donor restrictions | $3,128,132 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,764,364 |