Alice Lloyd College
100 Purpose Rd
Pippa Passes KY 41844
Contact Information
Nonprofit Alice Lloyd College
Address 100 Purpose Rd
Pippa Passes, KY 41844
Phone (606) 368-6000
Fax 606 368-6210
Contact Name Margo Sparkman
Web and Social Media
Alice Lloyd College students graduate with little or no debt
At A Glance
IRS Ruling Year 1955
Former Names
Caney Creek Community Center, Inc.
Caney Junior College
The June Buchanan School
Other ways to donate, support, or volunteer
Alice Lloyd College accepts gifts of cash, check or money order.  Donations may be made online at www.alc.edu.  Gift-in-Kind donations are accepted under the conditions set forth by the IRS.  Stock donations are greatly appreciated, as well as Charitable Gift Annuities, gifts of bequest, trust provisions, or land.
Financial Summary
 
 
Statements
Mission Statement

The mission of Alice Lloyd College is to educate mountain people for positions of leadership

  • Making an Alice Lloyd College education available to qualified mountain students regardless of their financial situation.
  • Offering a high quality academic program, emphasizing the liberal arts.
  • Promoting the work ethic through a self-help Student Work Program in which all full-time students participate.
  • Providing an atmosphere in which Christian values are maintained, encouraging high personal standards, and the development of character.
  • Serving the community and region through appropriate outreach programs which utilize mountain people helping mountain people.
  • Assisting deserving students in obtaining advanced study beyond their program at Alice Lloyd.
  • Producing leaders for Appalachia who possess high moral and ethical values, an attitude of self-reliance, and a sense of service to others.
Background Statement
Alice Lloyd College is named for its founder, Alice Spencer Geddes Lloyd, who came to the Eastern Kentucky mountains from her native home in Boston. Early in her career, she was a writer for local newspapers and periodicals. In 1902, Miss Geddes was publisher and editor of "The Cambridge Press," the first publication in America with an all-female staff. Eastern Kentucky was sorely lacking in educational opportunities when Alice Lloyd arrived at Ivis, Kentucky, in 1916. She saw the need for regional uplift and felt that through education, the Appalachian people could have a brighter future. Armed with an invitation from a local resident, she came to Pippa Passes to teach the children. Mrs. Lloyd knew that she was among some of the brightest and best students that could be found anywhere. To ensure that no student would be turned away because of financial difficulty, she instituted a mandatory student work program. Mrs. Lloyd secured the success of her mission through generous financial support of her friends on the east coast, voluntary teachers, and "faith as firm as a rock and aspirations as high as the mountains." Mrs. Lloyd's initial efforts at the Ivis Community Center in Knott County, Kentucky, were to provide health care, educational services, and agricultural improvements to the region. In 1917, Mrs. Lloyd, accompanied by her mother, moved to Caney Creek at the behest of local resident Abisha Johnson, who offered her land on which to build a school. Alice Lloyd's dictum, "The leaders are here," became the inspirational impetus for what is now Alice Lloyd College. She was joined three years later by June Buchanan, a native of Syracuse, New York. Sharing Alice Lloyd's mission, Miss Buchanan served the College until her death in 1988 at the age of 100. Together, Alice Lloyd and June Buchanan chartered Caney Junior College in 1923.
Following the death of Mrs. Lloyd in 1962, there have been five presidents:
  • William S. Hayes -(1962-1977);
  • Jerry C. Davis (1977-1988);
  • M. Fred Mullinax (1988-1995);
  • Timothy T. Siebert (1995-1999); and
  • Joe Alan Stepp (1999 - Present)
Impact Statement Alice Lloyd College has recently been ranked  #1 in America for graduating students with the least amount of average debt; ranked #2 in America in Student Selectivity (tied with Harvard and Stanford Universities) and ranked in the TOP 35 colleges in the nation in alumni giving.   Forty-two percent of our alumni gave during our 2011-2012 fiscal year. The College's new Business and Technology Center which is housed in the completely restored Commodore Slone Building opened in 2009.  Fifty-three recent graduates are receiving assistance in their pursuit of advanced degrees or professional programs through the "Caney Scholars Program."
Needs Statement
  • Currrent Operating Funds - $2,100,000 annually
  • Scholarship Funds - $1,900,000 annually
  • Technology Needs - $750,000 annually
  • Endowment Funds - $13,000,000 to reach a goal of $38,000,000
  • New Wing for Lilly Memorial Hall Women's Dormitory - $3,000,000
  • Campus Center - $5,000,000 for furnishings.
CEO/Executive Director Statement Since 1923, Alice Lloyd College has provided mountain students with the opportunity to earn a quality, character-based education regardless of financial circumstances. From its inception, ALC has never turned away any student because of the inability to pay. The cost of tuition for students within our 108-county service area is guaranteed, ensuring that these future leaders of Appalachia pay absolutely no out-of-pocket tuition costs. As a liberal arts institution, the College places a supreme value on educating the whole person. ALC's unique character-based, leadership education emphasizes service to others while providing opportunities for students to develop a keen intellect, a strong work ethic, and outstanding leadership skills. This educational background gives ALC graduates a competitive edge in professional and graduate schools; in fact, approximately 95% of recent ALC graduates who have applied to such programs have been accepted. Many of these students are recipients of our prestigious Caney Cottage Scholarship, which provides continued financial assistance for outstanding ALC students pursuing advanced degrees
Service Categories
Secondary Organization Category Community Improvement, Capacity Building / Rural Economic Development
Tertiary Organization Category Education / Elementary & Secondary Schools
Geographic Areas Served
Areas
Wayne County
Bath County
Bell County
Boyd County
Breathitt County
Breckinridg County
Carter County
Clay County
County Casey
Cumberland County
Elliott County
Estill County
Floyd County
Greenup County
Harlan County
Johnson County
Knott County
Knox County
Laurel County
Lawrence County
Lee County
Leslie County
Letcher County
Lewis County
Madison County
Magoffin County
Martin County
McCreary County
Menifee County
Montgomery County
Owsley County
Perry County
Pike County
Powell County
Pulaski County
Rockcastle County
Rowan County
Wayne County
Whitley County
Wolfe County
Clinton County
Fleming County
Jackson County
Lincoln County
Morgan County
Alice Lloyd College serves 108 mountain counties in Kentucky, Ohio, Tennessee, Virginia and West Virginia, most of which are deemed "distressed" by the Appalachian Regional Commission.
Impact Questions
GoalsHelpWhat is the organization aiming to accomplish? This is the organization's ultimate goal for intended impact. Alice Lloyd  College's ultimate goal is to provide educated leadership for the Central Appalachian region it serves.  When a student graduates from Alice Lloyd College, he or she leaves with a degree recognized for its academic value. With a liberal arts degree from ALC, one will not only gain a deeper understanding for the arts and sciences, but will also be educated to become a lasting leader in one’s community. Through medicine, law, politics, education, and business, our graduates touch the lives around them.

Challenging our students to look within themselves, we give them the abilities and knowledge needed to shape their college, their community, and their world. At Alice Lloyd, an education is much larger than a degree … it’s studying abroad, serving on mission trips in Central America, or interning in Washington, D.C. It’s the opportunity to interact with professors one-on-one. It’s a chance to be “a step ahead of the pack” when entering the job market armed with valuable work experience and references gained through the Student Work Program. It’s the opportunity to receive graduate and professional scholarships to the University of Kentucky and other schools through the Caney Cottage Scholarship Program. But more than anything, it’s the chance to seize the day, take advantage of every single opportunity that presents itself, and take hold of one’s future.

Alice Lloyd students are accepted to many graduate and professional schools nationwide and hired by major employers throughout Appalachia; many schools and businesses recruit here. People are often surprised that such academic success can come from a small, private college in the mountains of southeastern Kentucky. But it comes as no surprise to us. With faculty from highly regarded institutions that have included Harvard, Yale, Cornell, and Penn State, it’s easy to understand where our academic strength begins.

StrategiesHelpWhat are the organization's strategies for its stated long-term goals?
Alice Lloyd College provides a challenging, character-based education to students from 108 mountain counties in Central Appalachia.  Over 40% of our faculty hold Ph.D. degrees.  The student-teacher ratio is 19:1.  In addition to the liberal arts program, students are required to participate the Student Work Program where they develop life skills such as time management, responsibility, leadership and strong moral character.  All students are required to take a leadership class where they are introduced to the traits and qualities which indicate leadership.  Students are expected to attend classes, obey rules, adhere to a dress code, honor curfew, and attend required convocation programs throughout the year.  Graduates are encouraged to apply for the Caney Scholars Program where they are eligible to receive assistance with professional and graduate programs beyond Alice Lloyd College.  Some receive rent- and utility-free housing in the College-owned residence hall on the campus of the University of Kentucky, while those who attend other universities receive limited monetary support. Finally, students are encouraged to remain in their mountain communities and serve in positions of leadership to help improve and uplift the Central Appalachian region.
CapabilitiesHelpWhat are the organization’s capabilities for doing this? What resources, capacities, and connections support its progress towards long-term goals?
Alice Lloyd College is fiscally sound and has no long-term debt.  Buildings are not constructed until funding is secure.  The endowment  is growing at a steady pace and is a priority of the Board of Trustees and executive management. 
 
Students from the service area are guaranteed that all tuition costs will be met, leaving them absolutely no out-of-pocket costs for tuition.  This guarantee is made possible through scholarships, grants, and the Student Work Program.  Private foundations and individuals across America support Alice Lloyd College's mission in Central Appalachia.  The College does not solicit nor accept any direct federal funding. 
 
Degree offerings are regularly reviewed and adjusted to offer students marketable degrees which can be used in the Central Appalachian region.  Most recently, degrees have been added in kinesiology (for physical therapy), sociology, and a dual degree in nursing (in colaboration with the University of Kentucky and Eastern Kentucky University).  A special education degree will be added in the fall of 2015.
 
IndicatorsHelpHow will the organization know if it is making progress? What are the key qualitative and quantitative indicators against which the organization assesses its progress toward its intended impact?
Improvement in the economy of Central Appalachian counties where our graduates reside and work will be the main indicator.  The Appalachian Regional Commission publishes statistics annually, including higher education rates, poverty levels, and unemployment, as well as overall economic stability.
 
Another measure of success is the College's ranking in national publication,s such as U.S. News & World Report, in areas such as Great Schools, Great Prices; Graduating Students with the Least Amount of Debt; Alumni Giving Percentage; Fiscal Responsibility; and Selectivity.  Alice Lloyd College has consistently received high rankings in all of these areas over the past 15 years.
ProgressHelpWhat has and hasn’t been accomplished so far?
The College has produced teachers (preschool, primary, secondary, and college professors, as well as principals, superintendents, and school administrators), business professionals (banking, management, entrepreneurs, etc.), medical professionals (doctors, dentists, nurses, physical therapists, pharmacists, etc.), politicians, social workers, and many others who have assumed positions of leadership in the Appalachian communities served by Alice Lloyd College.
 
High school and college education rates are gradually climbing, poverty rates are somewhat lower, and economic status has improved in some counties.  Unemployment is still high, but mainly due to dwindling coal-related jobs.  Population is gradually declining as more and more young adults leave the region to find work, a problem that has plagued Appalachia for decades.  Many who earn higher educations are among those who leave; however, 83% of Alice Lloyd College graduates stay in Appalachia and use their skills to serve the mountain people.
Board Chair
Board Chair Mr. Robert M. Duncan
Company Affiliation Inez Deposit Bank
Term Oct 1978 to Oct 2019
Board Members
NameAffiliationStatus
Mr. Dwight J. Baum Investments ManagerVoting
Mr. Robert M. Duncan President & CEO, Inez Deposit BankVoting
Mr. Robert Michael "Rob" Duncan Jr.U. S. Attorney's OfficeVoting
Mr. Jerry L. Edwards TeacherVoting
Mr. Robert W. Finley Sr.Oppenheimer & Co., Inc.Voting
Mrs. Julie Davis Hopkins Mary Kay Sales DirectorVoting
Mr. J. Scott Jennings Peritus Public RelationsVoting
Mr. Mark T. Johnson First Washington Investment AdvisorsVoting
Ms. Janice L. Knopp JK Consulting, Marketing and Fundraising ConsultantVoting
Ms. Hilda G. Legg ConsultantVoting
Dr. Larry M. Leslie Archer Clinic, Medical DoctorVoting
Dr. Lowell D. Martin Retired Medical DoctorVoting
Mrs. Rachel D. Mullinax Associate Professor of Accounting, College of the OzarksVoting
Mr. George Nichols IIISr. VP, New York Life Insurance CompanyVoting
Mr. Ben Park Medical DoctorVoting
Mr. William J. Reik Jr.Reik & Co., LLPVoting
Mrs. Karen R. Sellers Consolidated Health Systems, Inc.Voting
Mr. Kevin Smith CEO - Well Berri, Inc.Voting
Mr. Joe Alan Stepp President, Alice Lloyd CollegeVoting
Mr. Henry Webb Superintendent, Floyd County SchoolsVoting
Dr. Anthony Thomas Yonts Quantum HealthcareVoting
Board Demographics - Ethnicity
African American/Black 2
Asian American/Pacific Islander 0
Caucasian 20
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 17
Female 5
Unspecified 0
Governance
Board Term Lengths 5
Board Term Limits 20
Board Meeting Attendance % 47%
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 100%
Percentage Making In-Kind Contributions 100%
Constituency Includes Client Representation No
Number of Full Board Meetings Annually 2
Board Co-Chair
Board CoChair Ms. Hilda G. Legg
Company Affiliation Consultant
Term Oct 1992 to Oct 2019
Standing Committees
Education
Executive
Finance
Institutional Advancement
Investment
Student Affairs
By-laws
Additional Board Members and Affiliations
NameAffiliation
Ms. Brittney Adams Letcher County (KY) School System
Mrs. Marsha Joycelyn Caudill Denham-Blythe Co. Inc., Accountant
Mr. Gary Conley KY River Coal Corp & KY River Properties
Mr. Golden Glen Hale Retired from Education
Mrs. Desireé Nicole Johnson Teacher, Elementary Education/English
Dr. Charles Marshall Professor at U.K. Center for Rural Health
Mrs. Autumn Lace Patton Knott County (KY) School System
Mrs. Shelia Ratliff Retired Teacher
Dr. Jerry Wayne Slone Alice Lloyd College Professor of Accounting
Mrs. Earletta Jann Stamper Kingsport City Schools, Teacher
Mr. Charles E. Stamper University of KY Cooperative Extension Service
Dr. Brandon Morris Stapleton DMDIDENTity Dental Studio
Mrs. Pauline Collins Triplett Retired Teacher
Mrs. Joyce Fields Whitaker Retired School Teacher
Comments
CEO Comments
Alice Lloyd College Board of Trustee members are elected by the full board after a thorough search and screening process is performed by the nominating committee.  The Board is made up of professional men and women who have the students' best interests at heart.  The Board is constantly challenged to maintain a sound fiscal policy while guaranteeing that students have every opportunity to gain a quality education at a low cost.
CEO/Executive Director
Executive Director Mr. Joe Alan Stepp
Term Start Apr 1999
Email joestepp@alc.edu
Experience Joe Alan Stepp, President, has been with the College 30 years. Dr. Stepp served as vice president for the College for 9 years and as president since 1999. He received his B.S. degree in Biology and Chemistry from Morehead State University and an M.A. in Sports Administration from Eastern Kentucky University. President Stepp completed his studies at the College Business Management Institute at the University of Kentucky, studied at Ohio State University, and also attended a Harvard Seminar for New Presidents in Cambridge, Massachusetts. He received an honorary Doctorate of Laws from the College of the Ozarks.
Co-CEO
Co-CEO Dr. James O. Stepp
Term Start Aug 2011
Experience

James O. Stepp, Executive Vice President – has been with the College for 28 years and has served as vice president for 9 years. Dr. Stepp received his Ed. D. degree in 2002 and his Masters of Divinity degree in 1986 from the Southern Baptist Theological Seminary in Louisville, Kentucky. He studied for two years at The George Washington University in Washington, D.C., and received a B.B.A. in Accounting from Eastern Kentucky University in 1983.

Staff
Full Time Staff 119
Part Time Staff 4
Volunteers 2
Contractors 29
Retention Rate 97%
Management Reports to Board? Yes
Staff Demographics - Ethnicity
African American/Black 1
Asian American/Pacific Islander 0
Caucasian 122
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Staff Demographics - Gender
Male 67
Female 52
Unspecified 0
Former CEOs
NameTerm
Dr. M. Fred Mullinax Aug 1988 - July 1997
Dr. Timothy T. Siebert Aug 1997 - Apr 1999
Senior Staff
Title VP for Academic Affairs
Experience/Biography Claude L. Crum, Vice President for Academics/Academic Dean, has been at the College for 7 years. He taught for 5 years, and has served as vice president for 2 years. Dr. Crum received his B.A. degree in English from Alice Lloyd College. He received an M.A. degree in English from Eastern Kentucky University and his Ph.D. in English from Middle Tennessee University.
Title VP for Business Affairs
Experience/Biography David Johnson, Vice President for Business and Administrative Services, has been with the College 10 years. He received his B.B.A. in Accounting and Management from Eastern Kentucky University and an M.B.A. from Morehead State University. Mr. Johnson is a certified CPA and is a member of Kentucky Society of CPAs and American Institute of Certified Public Accountants. He has 25 years experience in management level accounting, both private industry and government, and non-profit accounting.
Title Executive Vice President
Experience/Biography James O. Stepp, Executive Vice President, has been with the College for 24 years and has served as vice president for 9 years. Dr. Stepp received his Ed.D. degree in 2002 and his Masters of Divinity degree in 1986 from the Southern Baptist Theological Seminary in Louisville, Kentucky. He studied for two years at The George Washington University in Washington, D.C., and received a B.B.A. in Accounting from Eastern Kentucky University in 1983.
Formal Evaluations
CEO Formal Evaluation No
CEO/Executive Formal Evaluation Frequency Annually
Senior Management Formal Evaluation No
Senior Management Formal Evaluation Frequency Annually
NonManagement Formal Evaluation Yes
Non Management Formal Evaluation Frequency Annually
Comments
CEO Comments A major management concern for Alice Lloyd College is to ensure that the College is operated with fiscal responsibility, protecting and supporting all constituents, while maintaining the overall mission and goals of the institution. Qualified and dedicated officers are sought to fill senior management roles; faculty are selected for educator excellence; and all employees are encouraged to exhibit leadership skills and serve as role models for students. Special attention is given to evaluating employees, student work supervisors, and students so that issues are addressed promptly and effectively for all concerned.
Description
Alice Lloyd College is a not-for-profit, private, 4-year college serving Central Appalachia.  All full-time students pay absolutely no out-of-pocket costs for tuition, and most graduate debt free.  Annual operating expenses are only partially met by endowment earnings, student Pell grants and student work-study funds.  The balance must be raised from the private sector.
Budget 2,100,000
Category
Population Served , ,
Description
Every full-time student attending Alice Lloyd College receives one or more forms of finacial assistance.  Scholarship funds make up the difference between Pell grants and work-study to cover tuition so that no full-time student pays any out-of-pocket costs for tuition.  General scholarships are funded through annual gifts (renewable each year).  Endowed scholarships are established as permanent funds where only the annual earnings are used to provide student scholarships.  Donors are welcome to name scholarships and create specific or general guidelines for determining annual recipients. 
Budget 1,900,000
Category
Population Served , ,
Description
The June Buchanan School is a private, K-12 school located on the campus of Alice Lloyd College.  With a 9-1 student-teacher ratio, JBS is known for its small class size and individual attention.  The School has outstanding academic programs, and 100% of its student graduate with high school diplomas.  Ninety-nine percent of JBS graduates go on to college.
Budget 723,734
Category Education, General/Other
Population Served , ,
Description Alice Lloyd College supports a select number of scholarly students who plan to attend graduate or professional schools upon completion of their programs at ALC. The “Caney Cottage Scholarship Program” provides qualifying students with assistance in such programs at the University of Kentucky and other universities. Caney Scholars attending UK are provided rent-free living quarters in the H. N. and Frances C. Berger Residence Hall (Caney Cottage), just a few blocks from the UK campus. Scholars attending other universities are granted cash scholarships toward tuition. The prestigious Caney Cottage Scholarships are offered on a competitive basis. Applicants must have high academic standards, be of strong character, and show potential for leadership. There is an unwritten pledge to return to Appalachia and serve in leadership roles after the completion of graduate and professional programs.
Budget 167228
Category
Population Served , ,
Description The Alice Lloyd College Presidential Scholar's Program provides academic scholarships for a select number of students from our 108 Central Appalachian county service area who have a commitment to service in the Appalachian region. The scholarship covers the full cost of education while attending ALC, provides money toward books, and ensures continued assistance throughout graduate and/or professional school. The amount of assistance while in graduate and/or professional school varies depending on the course of study and the school of attendance. Minimum Criteria for Alice Lloyd College Presidential Scholar's Program:
  • 3.5 high school GPA (in core curriculum classes)
  • 27 composite ACT score or 1820 composite New SAT score
  • Exemplary character as evidenced by outstanding leadership and/or community service
Category Education, General/Other
Population Served , ,
Program Comments
CEO Comments Staying true to Alice Lloyd College's mission of providing educational opportunities to Appalachian students regardless of their ability to pay, scholarship funding is a primary need. The additional benefit of providing quality leadership and positive change for the Appalachian region is the philosophy of our founder, Alice Geddes Lloyd, and continues to be the vision of President Stepp, as well. Most of our programs focus on scholarships which cover the cost of educating students, mainly during the pursuit of 4-year college degrees. In addition to bachelor degrees, outstanding students, our "Brightest and Best," have opportunities for financial assistance with advanced degrees and professional training through the “Caney Cottage Scholarship Program” or the “Distinguished Scholars Program.” The successes of these programs are unquestionable in the hundreds of educators, business professionals, doctors, dentists, pharmacists, lawyers, and engineers that have been assisted through one of more of these programs.
Plans & Policies
Organization has a Fundraising Plan? Yes
Organization has a Strategic Plan? Yes
Years Strategic Plan Considers 5
Date Strategic Plan Adopted Aug 1990
Management Succession Plan? No
Organization Policy and Procedures Yes
Nondiscrimination Policy Yes
Whistleblower Policy No
Document Destruction Policy No
Awards
Awards
Award/RecognitionOrganizationYear
#2 in America on Short List for graduating students with least amount of debt.U.S. News & World Report2014
#1 In Alumni Giving Among Regional Colleges & UniversitiesUS News & World Report2014
#23 In Alumni Giving NationallyUS News & World Report2014
#11 In The Nation for Student SelectivityUS News & World Report2014
#3 In Student Selectivity Among Regional Colleges & UniversitiesUS News & World Report2014
#2 On The Great Schools, Great Prices list among Southern Regional CollegesUS News & World Report2014
One of the 100 Most Financially Fit Colleges in AmericaForbes Magazine2014
One of the Most Affordable Colleges in AmericaNBC - The Today Show2014
One of 6 Colleges that Offers Free TuitionMSN Money2014
One of the Most Affordable Colleges in AmericaYahoo! Finance2014
Government Licenses
Is your organization licensed by the Government? No
Fiscal Year
Fiscal Year Start Aug 01, 2016
Fiscal Year End July 31, 2017
Projected Revenue $14,721,923.00
Projected Expenses $14,721,923.00
Endowment Value $38,115,248.00
Spending Policy Percentage
Percentage 3%
Detailed Financials
Revenue and ExpensesHelpFinancial data for prior years is entered by foundation staff based on the documents submitted by nonprofit organizations.Foundation staff members enter this information to assure consistency in the presentation of financial data across all organizations.
Fiscal Year201520142013
Total Revenue$27,350,237$19,716,358$16,320,472
Total Expenses$14,940,578$14,655,826$14,111,238
Revenue Less Expenses$12,409,659$5,060,532$2,209,234
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available). Revenue from foundations and corporations may be included in individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
------
Government Contributions$1,068,203$875,817$902,783
Federal------
State------
Local------
Unspecified$1,068,203$875,817$902,783
Individual Contributions$15,631,301$7,360,789$4,890,852
$0----
$9,876,961$7,079,623$9,277,880
Investment Income, Net of Losses$1,588,150$1,476,405$1,007,887
Membership Dues$0----
Special Events$0----
Revenue In-Kind$111,594$164,214--
Other($814,378)($36,785)$241,080
Expense Allocation
Fiscal Year201520142013
Program Expense$10,021,029$9,851,434$9,728,977
Administration Expense$3,586,249$3,342,680$2,966,977
Fundraising Expense$1,333,300$1,461,712$1,415,284
Payments to Affiliates------
Total Revenue/Total Expenses1.831.351.16
Program Expense/Total Expenses67%67%69%
Fundraising Expense/Contributed Revenue8%18%24%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$81,891,084$69,687,648$63,548,059
Current Assets$10,440,349$3,275,902$2,491,336
Long-Term Liabilities$529,874$627,761$459,108
Current Liabilities$1,434,999$1,006,891$770,384
Total Net Assets$79,926,211$68,052,996$62,318,567
Capital Campaign
Currently in a Capital Campaign? Yes
Campaign Purpose Campus Center -A new facility to serve as the main student recreational zone, including two gymnasiums (to replace existing 50-year-old facility), Health and Physical Education Classrooms and Faculty Offices, Student Lounge, Weight Room, Exercise Room, Equipment Storage Areas, Locker Rooms, Game Rooms, Vending Room and Concessions/Eating Area. A pledge for the facility has been secured. Funding for furnishing is still needed.
Goal $15,000,000.00
Dates May 2016 to July 2020
Amount Raised To Date 11572337 as of Aug 2016
Capital Campaign Anticipated in Next 5 Years? Yes
State Registration Yes
Comments
CEO Comments Fiscal responsibility is a prime objective for Alice Lloyd College. The College has operated in the black for the past 34 years and has no long-term debt. Approximately 50% of general operating funds must be raised from the private sector on an annual basis. Projects are begun only after the funding has been secured, and $.89 of every $1.00 donated to the College is used directly for educating students. President Stepp's overwhelming desire for Alice Lloyd College is to create a sound, secure future by building the endowment to $38,000,000.
Address 100 Purpose Rd
Pippa Passes, KY 41844
Primary Phone 606 368-6000
Contact Email advancement@alc.edu
CEO/Executive Director Mr. Joe Alan Stepp
Board Chair Mr. Robert M. Duncan
Board Chair Company Affiliation Inez Deposit Bank