ALICE L WALTON SCHOOL OF MEDICINE Charity Report

Public IRS 990 nonprofit record

ALICE L WALTON SCHOOL OF MEDICINE

EIN 85-2907907

What they do

Alice L. Walton School of Medicine (AWSOM) Trains Physicians Who Are Devoted to Transforming The Health of Rural and Medically Underserved Communities In Arkansas, Its Surrounding States, and Beyond. AWSOM Physicians Make A Difference By Pioneering Whole Health Principles, Contemporary Technologies, and Novel Partnerships to Bridge The Gaps to High Quality Medical Care and to Promote Health and Wellbeing for All Individuals and Communities.

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $2.60 was reported for mission work and $0.00 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders19 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

3.08%of revenue went to mission work2.6% of expenses · Program services

$117.96spent for every $100 of revenueSpending was higher than revenue this year.

114.88%of revenue went to management and office costs97.4% of expenses

$13.68in assets for every $1 spent this yearSome assets cannot be spent right away.

18.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $3,498,443 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $874,847 for SHARMILA MAKHIJA MD (DEAN, CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$19,476,991

Mission workProgram services$599,9283.08% of revenue2.6% of expenses

ManagementOffice and general costs$22,375,506114.88% of revenue97.4% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$22,975,434117.96% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 2.6% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 2.6% mission · 97.4% management · 0.0% fundraisingTotal expenses: 117.96% of revenue

2023Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 8.11% of revenue

2022Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 105.93% of revenue

2021Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 63.19% of revenue

2020Expense mix: 20.9% mission · 79.1% management · 0.0% fundraisingTotal expenses: 93.77% of revenue

Money in and money out

Revenue$19,476,991

Expenses$22,975,434

Annual shortfall $3,498,443 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$599,928 · 2.6% of expenses

Management and office costs$22,375,506 · 97.4% of expenses

See all reported dollar amounts

Revenue$19,476,991

Expenses$22,975,434

Assets$314,318,066

Income$102,714,386

Contributions$3,500,000

Mission work (program services)$599,928

Management and general$22,375,506

Stocks and bonds$284,873,268

Accounting fees$44,912

Investing fees$217,811

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

SHARMILA MAKHIJA MDDEAN, CHIEF EXECUTIVE OFFICER · 40 hrs/week $874,847Base $852,332 · Other $22,515

COLLEEN GROCHOWSKISENIOR ASSOCIATE DEAN, ACADEMIC AFFAIRS · 40 hrs/week $397,292Base $374,729 · Other $22,563

ANGELA PIERCEASSISTANT DEAN, EMBRACING WHOLE HEALTH · 40 hrs/week $318,356Base $303,868 · Other $14,488

SHARON BRIDGESGENERAL COUNSEL AND CORPORATE SECRETARY · 40 hrs/week $308,144Base $288,518 · Other $19,626

YERKO BERROCALASSOCIATE DEAN, CURRICULAR AFFAIRS · 40 hrs/week $281,299Base $258,257 · Other $23,042

KEVIN KUNKLERASSISTANT DEAN, SIMULATION, INNOVATION AND CLINICA · 40 hrs/week $268,206Base $250,402 · Other $17,804

AMY WENGERVP FINANCE & ADMINISTRATION · 40 hrs/week $262,415Base $252,191 · Other $10,224

WALTER HARRISINTERIM TREASURER (UNTIL 10/30/24) $22,239Base · Other $22,239

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (19)

SHARMILA MAKHIJA MDDEAN, CHIEF EXECUTIVE OFFICER

COLLEEN GROCHOWSKISENIOR ASSOCIATE DEAN, ACADEMIC AFFAIRS

ANGELA PIERCEASSISTANT DEAN, EMBRACING WHOLE HEALTH

SHARON BRIDGESGENERAL COUNSEL AND CORPORATE SECRETARY

YERKO BERROCALASSOCIATE DEAN, CURRICULAR AFFAIRS

KEVIN KUNKLERASSISTANT DEAN, SIMULATION, INNOVATION AND CLINICA

AMY WENGERVP FINANCE & ADMINISTRATION

WALTER HARRISINTERIM TREASURER (UNTIL 10/30/24)

KATE HOBBS KNUTSON MDDIRECTOR

JAMES YOUNG MDDIRECTOR

LLOYD MINOR MDDIRECTOR

MARC NIVET MDDIRECTOR

PATRICK CONWAY MDDIRECTOR (UNTIL 12/31/24)

SCOTT HAMBUCHENDIRECTOR (FROM 6/25/25)

CHERYL PEGUS MDDIRECTOR

AUGUST MARTINTREASURER (FROM 10/30/24)

TODD SIMMONSDIRECTOR

VALERIE MONTGOMERY RICE MDDIRECTOR

ALICE L WALTONDIRECTOR

About this charity

Recognized since: January 2020
Location: 600 MUSEUM WAY, BENTONVILLE, AR 72712-4947
County: Benton
In care of: SHARMILA MAKHIJA
Primary officer: SHARMILA MAKHIJA, CHIEF EXECUTIVE OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(479) 464-1570

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: WALTON ENTERPRISES LLC