2024-05-15T09:42:56-05:00 2023-06-30 710355269 LANDMARK PLC CPAS P O BOX 10148 FORT SMITH AR 729170148 990 2022-07-01 710575827 THE DEGEN FOUNDATION DEGE 4793082243 PO BOX 10366 FORT SMITH AR 72917 THOMAS H WEBB JR EXECUTIVE DIRECTOR 4793082243 2024-05-13 1 THOMAS WEBB JR 999009999 0 DEANA A INFIELD P00440603 4794845740 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THOMAS H WEBB JR PO BOX 10366 FORT SMITH AR 72917 1096061 0 X WWW.THEDEGENFOUNDATION.ORG X 1983 AR TO PROMOTE AND DEVELOP ACCESS TO AND DELIVERY OF HEALTHCARE SERVICES IN WESTERN ARKANSAS AND EASTERN OKLAHOMA, TO IMPROVE THE QUALITY AND AVAILABILITY OF HEALTHCARE SERVICES, TO FACILITATE AND PROMOTE HEALTHCARE EDUCATION, TO AID AND SUPPORT ESTABLISHED RELIGIOUS AND CHARITABLE ORGANIZATIONS, AND TO SUPPORT AND FACILITATE AS A SUPPORTING ORGANIZATION THE EDUCATIONAL MISSION OF THE ARKANSAS COLLEGES OF HEALTHCARE EDUCATION. 14 14 0 14 0 0 30 0 0 0 4462995 774095 0 0 4463025 774095 531674 478554 0 0 0 0 0 0 0 94016 109329 625690 587883 3837335 186212 13382572 13857942 101233 101519 13281339 13756423 X TO PROMOTE AND DEVELOP ACCESS TO AND DELIVERY OF HEALTHCARE SERVICES IN WESTERN ARKANSAS AND EASTERN OKLAHOMA, TO IMPROVE THE QUALITY AND AVAILABILITY OF HEALTHCARE SERVICES, TO FACILITATE AND PROMOTE HEALTHCARE EDUCATION, TO AID AND SUPPORT ESTABLISHED RELIGIOUS OR CHARITABLE ORGANIZATIONS, AND TO SUPPORT AND FACILITATE AS A SUPPORTING ORGANIZATION THE EDUCATIONAL MISSION OF THE ARKANSAS COLLEGES OF HEALTHCARE EDUCATION. 0 0 478554 478554 THE ORGANIZATION WAS FORMED TO ADMINISTER GIFTS IN SUPPORT OF SPARKS HEALTH SYSTEM AND TO PROMOTE THE HEALTHCARE SERVICES OF SPARKS HEALTH SYSTEM AS A SUPPORTING ORGANIZATION. SPARKS HEALTH SYSTEM ASSETS WERE SOLD 11/30/2009 AND THE ORGANIZATION WILL ASSIST IN DISTRIBUTING, WHEN NEEDED, THE PROCEEDS FROM THE SALE IN SUPPORT OF CHARITABLE 501(C)3 ORGANIZATIONS IN WESTERN ARKANSAS AND EASTERN OKLAHOMA. ON APRIL 18, 2014 THE BOARD OF SPARKS PASSED A RESOLUTION TO CONTRIBUTE UP TO $50,000,000 AS A RESTRICTED CONTRIBUTION IN SUPPORT OF DEVELOPING AN INSTITUTION OF HEALTH EDUCATION. THE ARKANSAS COLLEGES OF HEALTH EDUCATION (ACHE) WAS ORGANIZED AND THE BALANCE OF THE SPARKS FUNDS WERE TRANSFERRED TO ACHE IN SEPTEMBER 2017. IN JUNE 2019, THE DEGEN BOARD VOTED TO BECOME A SUPPORTING ORGANIZATION TO ACHE WHILE CONTINUING TO FUND LOCAL AND RELIGIOUS HEALTHCARE RELATED TO 501(C)3 ORGANIZATIONS AND HEALTHCARE RELATED STUDENT SCHOLARSHIPS. 478554 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X CHRIS BROWN 4793082243 PO BOX 10366 FORT SMITH AR 72917 KAREN PHARIS CHAIR 1.00 X X 0 0 0 JOHN R TAYLOR TREASURER 1.00 X X 0 0 0 JUDY BOREHAM DAWSON DIRECTOR 1.00 X 0 0 0 BENNY GOODEN EDD DIRECTOR 1.00 X 0 0 0 ROBERT COOPER VICE CHAIR 1.00 X X 0 0 0 DAVID CRAIG DIRECTOR 1.00 X 0 0 0 AMY MENDENHALL DIRECTOR 1.00 X 0 0 0 JEFF BEAUCHAMP DIRECTOR 1.00 X 0 0 0 DON HUTCHINGS DIRECTOR 1.00 X 0 0 0 MITZY LITTLE DIRECTOR 1.00 X 0 0 0 CARLY S MARSHALL DIRECTOR 1.00 X 0 0 0 AUDRA JACKSON MD DIRECTOR 1.00 X 0 0 0 RODNEY SHEPARD DIRECTOR 1.00 X 0 0 0 DR JUSTIN VORIS DIRECTOR 1.00 X 0 0 0 THOMAS H WEBB JR EXECUTIVE DIRECTOR 1.00 X 24000 0 0 24000 0 0 0 0 0 0 0 241777 241777 854284 321966 532318 532318 532318 774095 0 0 774095 438054 438054 40500 40500 40200 40200 2266 2266 5265 5265 43126 43126 1499 1499 101 101 16624 16624 MISCELLANEOUS 248 248 587883 478554 109329 0 201298 192277 11820448 12252685 1360826 1412980 13382572 13857942 101233 101519 101233 101519 X 13260868 13735952 20471 20471 13281339 13756423 13382572 13857942 186212 288872 0 X X 0 1 X 1 0 X X 1 ARKANSAS COLLEGES OF HEALTH EDUCATION 465138928 2 1 331637 27481 1 331637 27481 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 X 1 0 PART IV, SECTION D, LINE 3: THE ORGANIZATION HAS FIVE (5) OF ITS BOARD OF DIRECTORS WHO ARE ALSO ON THE BOARD OF TRUSTEES OF THE SUPPORTING ORGANIZATION, REPRESENTING ABOUT ONE-THIRD OF THE FOURTEEN (14) MEMBERS OF THE BOARD OF TRUSTEES. BY VIRTUE OF SUCH REPRESENTATION, THE ORGANIZATION HAS A SIGNIFICANT VOICE IN THE SUPPORTED ORGANIZATION'S INVESTMENT POLICIES AND IN DIRECTING USE OF ITS ASSETS. PART IV, SECTION E, LINE 2A: DEGEN CONTRIBUTED $359,118 TO THE ARKANSAS COLLEGES OF HEALTH EDUCATION (ACHE) IN SUPPORT OF THE MEDICAL SCHOOL, INCLUDING THE ESTABLISHMENT OF A SCHOLARSHIP ENDOWMENT FUND, SUPPORT FOR THE SIMULATION LAB AT ACHE, AND SUPPLIES AND GIFTS FOR THE INCOMING OCCUPATIONAL THERAPY (OT) AND PHYSICAL THERAPY (PT) STUDENTS AT ACHE. PART IV, SECTION A, LINE 6: THE ORGANIZATION PROVIDES GRANTS AND SCHOLARSHIPS TO 501(C)3 CHARITIES (OTHER THAN THE SUPPORTED ORGANIZATION) AND INDIVIDUALS THAT RELATE TO HEALTHCARE ACCESS AND DELIVERY OF SERVICES. 0 NOTES RECEIVABLE - AFFILIATE 1412980 1412980 X 1062967 288872 288872 774095 0 774095 587883 0 587883 0 587883 PART X, LINE 2: THE FOUNDATION QUALIFIES AS AN ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE AND IS NOT SUBJECT TO TAX AT THE ENTITY LEVEL FOR FEDERAL TAX PURPOSES. THE FOUNDATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE PROVISIONS OF FASB CODIFICATION TOPIC INCOME TAXES. FASB CODIFICATION TOPIC INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND REQUIRES THE FOUNDATION TO RECOGNIZE IN THEIR FINANCIAL STATEMENTS THE IMPACT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UNDER AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS ASSESSED THE TAX POSITIONS OF THE FOUNDATION AND DETERMINED THAT NO POSITIONS EXIST THAT REQUIRE ADJUSTMENT OR DISCLOSURE UNDER THE PROVISIONS OF FASB CODIFICATION TOPIC INCOME TAXES. THE FOUNDATION FILES INFORMATIONAL "RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX" (FORM 990) IN THE U.S. FEDERAL JURISDICTION AND DOES NOT FILE ANY STATE RETURNS. 1 ARKANSAS COLLEGES OF HEALTH EDUCATION PO BOX 10366 FORT SMITH AR 72916 465138928 3 331637 27481 FAIR MARKET VALUE STUDENT GIFTS (POWER BANKS, WATER BOTTLES & PULLOVERS) SUPPORT MEDICAL SCHOOL COMMUNITY DENTAL CLINIC PO BOX 180070 FORT SMITH AR 72917 710388927 3 21237 0 FOR PURCHASE OF DENTAL EQUIPMENT DONALD REYNOLDS CANCER SUPPORT HOUSE 3324 S M ST FORT SMITH AR 72903 710507617 3 17788 0 CANCER SUPPORT HOUSE FORT SMITH CHILDREN'S SHELTER 3015 S 14TH ST FORT SMITH AR 72901 710779347 3 8500 0 EMERGENCY SHELTER FORT SMITH BOYS HOME 5904 S ZERO ST FORT SMITH AR 72903 510172844 3 6250 0 YEAR END GIFT THE ARC OF RIVER VALLEY 7821 TEXAS RD FORT SMITH AR 72908 710511269 3 6250 0 YEAR END GIFT GIRLS SHELTER OF FORT SMITH 2600 RALEIGH ST FORT SMITH AR 72901 237066001 3 6250 0 YEAR END GIFT ABILITIES UNLIMITED 3305 KIBLER RD VAN BUREN AR 72956 710335430 3 6250 0 YEAR END GIFT 8 MEDICAL EDUCATION SCHOLARSHIPS 15 40500 PART I, LINE 2: ORGANIZATIONS AND INDIVIDUALS REQUESTING GRANTS AND SCHOLARSHIPS FROM THE FOUNDATION GO THROUGH A SET PROCESS INCLUDING ANALYSIS OF THE INTENDED USE OF THE FUNDS AND APPROVAL OF ANY AMOUNTS DISTRIBUTED BY THE FOUNDATION. 1 X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE COMPLETED ANNUALLY BY DIRECTORS AND STAFF TO DETERMINE IF ANY POTENTIAL CONFLICTS EXIST AND APPROPRIATE ACTION IS TAKEN DEPENDING UPON THE NATURE OF THE CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE METHOD OF REVIEWING THE 990. ARKANSAS COLLEGES OF HEALTH EDUCATION PO BOX 10366 FORT SMITH AR 72917 MEDICAL COLLEGE AR 501(C)(3) LINE 2 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 ARKANSAS COLLEGES OF HEALTH EDUCATION B 331637 CASH ARKANSAS COLLEGES OF HEALTH EDUCATION B 27481 FAIR MARKET VALUE ARKANSAS COLLEGES OF HEALTH EDUCATION D 1303847 COST - LOANS TO ACHE ARKANSAS COLLEGES OF HEALTH EDUCATION D 109133 COST - ACCRUED INTEREST ON LOANS ARKANSAS COLLEGES OF HEALTH EDUCATION M 16200 CASH