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Alice L Walton School of Medicine

Bentonville, AR · EIN 85-2907907 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Alice L Walton School of Medicine reported $19.5 million in revenue and $23.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $2.61 went to program services, $97.39 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 81.6% of the total. The highest compensation it reported for one person was $874,847 (Dean, Chief Executive Officer). 29 people received more than $100,000 in reportable compensation. Revenue rose 136% between FY2022 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $23M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $19M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
2.6%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
97.4%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
18.0%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
0.4%69.9%
Highest reported compensation
Part VII-A, columns D–F
$874,847$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
3.81%1.28%
People paid over $100,000
Part VII, line 2
298
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
161.813.3
Independent voting board members
Part VI 1a–1b
9 of 9100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$600K expenses · 100.0% of program spending · revenue $76,400

Medical school in Northwest Arkansas that seeks to reimagine medical education in America by creating a pipeline of medical professionals trained in conventional medicine and Whole Health

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Dean, Chief Executive Officer
Officer, 40.0 hrs/week
$852,332$0$22,515$874,847
INTERIM TREASURER (UNTIL 10/30/24)
Officer, 0.5 hrs/week
$0$770,125$22,239$792,364
Senior Associate Dean, Academic Affairs
Highest compensated employee, 40.0 hrs/week
$374,729$0$22,563$397,292
Assistant Dean, Embracing Whole Health
Highest compensated employee, 40.0 hrs/week
$303,868$0$14,488$318,356
General Counsel and Corporate Secretary
Officer, 40.0 hrs/week
$288,518$0$19,626$308,144
Associate Dean, Curricular Affairs
Highest compensated employee, 40.0 hrs/week
$258,257$0$23,042$281,299
Assistant Dean, Simulation, Innovation and Clinical Skills
Highest compensated employee, 40.0 hrs/week
$250,402$0$17,804$268,206
VP FINANCE & ADMINISTRATION
Highest compensated employee, 40.0 hrs/week
$252,191$0$10,224$262,415

29 people received more than $100,000 in reportable compensation from Alice L Walton School of Medicine (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.1M (Part IX, line 5).

5 filings since FY2021 (10 mo.)

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpensesShort periods (after a fiscal-year change) are in the table, not the chart.
$0$100M$200M$300M$400MFY2022FY2023FY2024FY2025$19M$23M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$19M$23M2.6%$310M$874,847
FY2024 ⓘ$273M$22M0.0%$290M$644,914
FY2023 ⓘ$11M$12M0.0%$2.5M$476,989
FY2022 ⓘ$8.3M$5.2M0.0%$3.1M$606,375
FY2021 (10 mo.) ⓘ$1.4M$1.3M20.9%$87,621$574,820

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 583
  • Volunteers Part I, line 611

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
Art and Wellness Enterprises LLC
Management Services
$2,508,809
Athena Ed LLC
Consulting
$480,000

Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Alice L Walton School of Medicine totaling $23M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Alice L Walton School of Medicine's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Alice L Walton School of Medicine, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Arkansas

Questions people ask

How much of Alice L Walton School of Medicine's spending goes to programs?

In the fiscal year ending June 30, 2025, Alice L Walton School of Medicine reported that 2.6% of its $23.0 million in expenses went to program services, 97.4% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Alice L Walton School of Medicine pay its top executive?

The largest total compensation Alice L Walton School of Medicine reported for one person in the fiscal year ending June 30, 2025 was $874,847, for the role of Dean, Chief Executive Officer (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Alice L Walton School of Medicine get its money?

Of $19.5 million in revenue in the fiscal year ending June 30, 2025, 18.0% came from contributions and grants and 0.4% from program service revenue (Form 990, Part VIII).

Is Alice L Walton School of Medicine a registered charity?

The IRS lists EIN 85-2907907 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631359349312063 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531359349303443 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411359349304266 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331379349300433 · read the filing
  • FY2021 (10 mo.): Form 990 for the 10-month short period ending June 30, 2021, object 202241329349308164 · read the filing

All filings for EIN 85-2907907: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.