2022-12-14T15:21:53-05:00 2022-07-31 611129886 KELLEY GALLOWAY SMITH GOOLSBY PSC 1200 CORPORATE COURT PO BOX 990 ASHLAND KY 411050990 990 2021-08-01 610492351 ALICE LLOYD COLLEGE ALIC 6063682101 100 PURPOSE ROAD PIPPA PASSES KY 41844 JESSIE WILKS BUSINESS MANAGER 6063686031 2022-11-11 true JESSIE WILKS XXX-XX-XXXX LORI F DEARFIELD CPA P00846508 6063291811 2022-11-28 2021 2022-09-23 18:48:47Z JESSIE WILKS 49694547 false X WWW.ALC.EDU X 1922 KY THE MISSION OF ALICE LLOYD COLLEGE IS TO PROVIDE MOUNTAIN STUDENTS A QUALITY CHARACTER-BASED EDUCATION, REGARDLESS OF THEIR FINANCIAL ABILITY, AND TO PREPARE THEM FOR LEADERSHIP AND SERVICE IN THE APPALACHIAN REGION. NO STUDENT HAS EVER BEEN TURNED AWAY BECAUSE OF AN INABILITY TO PAY. 22 22 286 150 0 12648894 16579327 7996420 11556548 4485442 2720864 -316957 -206802 24813799 30649937 3278744 0 7561043 7589651 0 1691773 8048494 8966361 15609537 19834756 9204262 10815181 131435414 136427755 3456918 4294979 127978496 132132776 X THE MISSION OF ALICE LLOYD COLLEGE IS TO PROVIDE MOUNTAIN STUDENTS A QUALITY CHARACTER-BASED EDUCATION, REGARDLESS OF THEIR FINANCIAL ABILITY, AND TO PREPARE THEM FOR LEADERSHIP AND SERVICE IN THE APPALACHIAN REGION. NO STUDENT HAS EVER BEEN TURNED AWAY BECAUSE OF AN INABILITY TO PAY. false false 3187732 460517 INSTRUICTION ALICE LLOYD COLLEGE (ALC) HAD AN ENROLLMENT OF 584 STUDENTS FOR THE FALL 2022 SEMESTER, 548 FULL-TIME AND 36 PART-TIME. FULL-TIME STUDENTS FROM OUR 108-COUNTY SERVICE AREA (INCLUDES PARTS OF KY, OH, TN, VA, AND WV) ARE GUARANTEED ABSOLUTELY NO OUT OF POCKET COSTS FOR TUITION. ALC IS ONE OF ONLY TEN WORK COLLEGES IN THE NATION THAT REQUIRES ALL FULL-TIME STUDENTS TO WORK AS A CONDITION FOR ENROLLMENT. EACH YEAR, THE COLLEGE SUPPORTS MANY ALUMNI AT GRADUATE AND PROFESSIONAL SCHOOLS THROUGH ITS CANEY SCHOLARS PROGRAM WITH NINE PURSUING MEDICAL DEGREES, FIFTEEN PURSUING PHARMACY DEGREES, ELEVEN PURSUING PHYSICAL THERAPY DEGREES, SIX PURSUING DENTISTRY AND OPTOMETRY DEGREES, AND TWENTY- ONE PURSUING VETERINARY MEDICINE, LAW, ENGINEERING, AND OTHER GRADUATE DEGREES. ALC PROVIDED 3,278,744 IN INSTITUTIONAL LEADERSHIP GRANTS AND 747,412 IN INSTITUTIONAL STUDENT WORK GRANTS FOR THE 2021-2022 FISCAL YEAR. THE PROGRAM SERVICE ACCOMPLISHMENTS INCLUDED GRADUATING 95 STUDENTS IN MAY 2022 WITH 44 PERCENT HAVING NO STUDENT LOAN DEBT, WHILE 56 PERCENT HAD AN AVERAGE DEBT OF 11,725 WHILE ATTENDING ALICE LLOYD COLLEGE. ALICE LLOYD COLLEGE CONTINUED TO BE IMPACTED BY COVID-19 DURING THE 2021-2022 SCHOOL YEAR BUT OPTED TO PROVIDE IN-PERSON CLASSES WHILE FOLLOWING ALL CDC AND STATE OF KENTUCKY SAFETY PRECAUTIONS IN ORDER TO PROVIDE STUDENTS A CHARACTER-BASED EDUCATION AS REQUIRED OF THE COLLEGE'S MISSION. APPROXIMATELY 80 PERCENT OF ALC GRADUATES SERVE THE APPALACHIAN AREA BASED UPON RESEARCH CONDUCTED BY THE OFFICE OF ALUMNI RELATIONS. 2736221 291242 AUXILIARY COLLEGE HOUSING AND MEAL PLAN, ALONG WITH THE CAMPUS BOOKSTORE AND CAF, ARE PRIMARILY PART OF THE AUXILIARY SERVICES. THE CAMPUS HAS THE CAPACITY TO HOUSE NEARLY 527 STUDENTS WITH 484 STUDENTS LIVING IN THE DORMS FOR FALL 2022 COMPARED TO 500 STUDENTS LIVING IN THE DORMS FOR FALL 2021. THE COLLEGE CONTINUES TO PROVIDE STUDENTS WITH THE CLASS SCHEDULE AND CLASS BOOK ADOPTION ONLINE, AND GIVES STUDENTS THE OPTION TO EITHER PURCHASE OR RENT BOOKS THROUGH AN ONLINE SERVICE OR OTHER ONLINE TEXTBOOK RETAILERS. STUDENTS BENEFIT BY BEING ABLE TO SHOP FOR BOOKS AT THE LOWEST COST, WHETHER THROUGH THE COLLEGE'S ONLINE SERVICE PROVIDER OR THE GENERAL ONLINE BOOK SALES MARKET. THE JUNE BUCHANAN SCHOOL (JBS) HAD AN ENROLLMENT OF 114 STUDENTS FOR FALL 2022 WITH 27 STUDENTS ENROLLED IN ALC COURSES FOR THE FALL SEMESTER. THE CANEY HONORS ACHIEVEMENT PROGRAM (CHAP) ENABLES JBS STUDENTS TO CHALLENGE THEMSELVES FURTHER IN THEIR STUDIES AND RECEIVE COLLEGE CREDITS WHILE IN HIGH SCHOOL. ALICE LLOYD COLLEGE HAS CONTINUED CONSTRUCTION OF TWO NEW WOMEN'S RESIDENCE HALLS WITH THE FIRST, HERMANN HALL, COMPLETED AND OCCUPIED IN AUGUST 2021. HERMANN HALL HAS THE CAPACITY TO HOUSE 227 WOMEN AND CURRENTLY HOUSES 202 WOMEN DURING THE FALL 2022 SEMESTER. THE SECOND DORM, HOLMES HALL, IS SCHEDULED TO BE COMPLETED IN DECEMBER 2022. TOTAL OCCUPANCY IS ANTICIPATED TO BE 300 STUDENTS WITH ONLY TWO STUDENTS IN A ROOM. ALICE LLOYD COLLEGE WILL CONSTRUCT THESE TWO NEW RESIDENCE HALLS WITHOUT INCURRING ANY LONG- TERM DEBT. 2218244 297950 STUDENT SERVICES STUDENT SERVICES PROGRAMS INCLUDE LEADERSHIP, EDUCATION, ATHLETICS, INTRAMURALS, COUNSELING, CAREER PLACEMENT, STUDENT ACTIVITIES BOARD (WHICH PLANS A STUDENT ACTIVITIES CALENDAR EACH SEMESTER), DINING FACILITIES, DORMITORY FACILITIES, BRIDGE PROGRAM (WHICH HELPS STUDENTS MAKE THE TRANSITION FROM HIGH SCHOOL TO COLLEGE), CONVOCATION SERIES, POLICE DEPARTMENT, AND SUMMER AND FALL ORIENTATIONS. STUDENT SERVICES HAS ALSO BEEN INVOLVED IN THE DEVELOPMENT, DESIGN, AND NEW CONSTRUCTION OF THE COLLEGE'S NEW WOMEN'S RESIDENCE HALLS. HERMANN HALL HAS THE CAPACITY TO HOUSE 227 WOMEN AND CURRENTLY HOUSES 202 WOMEN DURING THE FALL 2022 SEMESTER. STUDENT SERVICES WAS INVOLVED ALONG WITH ACADEMICS AND THE COLLEGE WORK PROGRAM, IN COMMUNITY SERVICE PROJECTS DURING FISCAL YEAR 2020-2021. ALTHOUGH LIMITED IN ABILITY TO PROVIDE COMMUNITY SERVICE DUE TO COVID 19 SAFETY RESTRICTIONS, ALICE LLOYD COLLEGE CAMPUS MINISTRY, ACADEMIC FRATERNITY PHI BETA LAMDA (PBL), ATHLETICS, AND STUDENT SERVICES WERE ABLE TO PROVIDE FOR COMMUNITY NEEDS. PBL WAS ABLE TO CONTINUE DONATING 30 BAGS OF FOOD EACH WEEK FOR LOCAL NEEDY ELEMENTARY STUDENTS. DURING THE LAST MONTH OF THE YEAR, THEY WERE ABLE TO DOUBLE THEIR OUTPUT TO 60 BAGS PER WEEK. ORGANIZATIONS PARTICIPATED IN OPERATION CHRISTMAS CHILD AND COLLECTED OVER 400 SHOEBOXES WITH A TOTAL OF 56 VOLUNTEERS AND 202 COMMUNITY SERVICE HOURS. ADDITIONALLY, THE COLLEGE COMMUNITY PARTICIPATED IN BLOOD DRIVES AND ANIMAL SHELTER CLEANUP PROJECTS. STUDENTS IN THE COLLEGE WORK-STUDY PROGRAM PARTICIPATED IN 43,098 HOURS OF COMMUNITY SERVICE. COMMUNITY SERVICE INCLUDED PROVIDING READING/MATH TUTORS TO LOCAL SCHOOLS, SERVING AS CHILD CARE WORKERS IN THE CAMPUS DAYCARE, PROVIDING CAMPUS SAFETY SUPPORT THROUGH THE SECURITY DEPARTMENT, PROVIDING AFTER-SCHOOL SUPPORT FOR THE CAMPUS K-12 PROGRAM, AND MANY OTHER FUNCTIONS VITAL TO BOTH THE CAMPUS AND LOCAL COMMUNITY. STUDENT PARTICIPATION IN IN-PERSON COMMUNITY SERVICE ACTIVITIES RETURNED TO PREVIOUS LEVELS DURING 2021-2022 FOLLOWING COVID-19 IN THE PRIOR FISCAL YEAR. 7685226 3598836 ACADEMIC EXPENSES 3,248,779. INCLUDING GRANTS OF 66,987. REVENUE 0. JUNE BUCHANAN EXPENSES 1,039,384. INCLUDING GRANTS OF 51,332. REVENUE 0. STUDENT AID EXPENSES 3,278,744, INCLUDING GRANTS OF 3,278,744. REVENUE 0. 7685226 3598836 15827423 true true false true false false false false false true true true false false true false true false true false false false false false false false false false true true false false false false false true true false true false false false false false false false false true 856 0 true 286 true false false false false false false false false false false false false false false X 22 22 true false false false false false false true true false false false true true true false true true true false KY X JESSIE WILKS ALICE LLOYD COLLEGE 6063686031 100 PURPOSE ROAD PIPPA PASSES KY 41844 X JOE STEPP PRESIDENT 70.00 X 185604 0 42121 DAVID JOHNSON ASSISTANT TR 50.00 X 104191 0 31113 DWIGHT J BAUM MEMBER X 0 0 0 ROBERT M DUNCAN CHAIRMAN X X 0 0 0 JERRY L EDWARDS MEMBER X 0 0 0 JULIE DAVIS HOPKINS MEMBER X 0 0 0 GEORGE NICHOLS III MEMBER X 0 0 0 ROBERT M DUNCAN JR MEMBER X 0 0 0 WILLIAM J REIK JR MEMBER X 0 0 0 KIMBERLY JONES MEMBER X 0 0 0 HILDA G LEGG-POTTER VICE CHAIRMA X X 0 0 0 LARRY M LESLIE MD SECRETARY/TR X X 0 0 0 LOWELL D MARTIN MD MEMBER X 0 0 0 RACHEL D MULLINAX MEMBER X 0 0 0 CHARLES T MARSHALL MEMBER X 0 0 0 DAVID W MARTIN MEMBER X 0 0 0 STEVEN NEIL MIDDLETON MEMBER X 0 0 0 BEN PARK MEMBER X 0 0 0 KAREN R SELLERS MEMBER X 0 0 0 ROBERT W FINLEY SR MEMBER X 0 0 0 KEVIN SMITH MEMBER X 0 0 0 JANNA P VICE MEMBER X 0 0 0 HENRY WEBB MEMBER X 0 0 0 DR ANTHONY YONTS MEMBER X 0 0 0 JESSIE WILKS BUSINESS MAN X 0 0 0 289795 73234 3 true true false PIONEER COLLEGE CATERERS INC 25055 W VALLEY PKWY SUITE 120 OLATHE KS 66061 FOOD SERVICE 969806 FURNITURE SOLUTIONS FOR THE WORKPLAC 1340 CLAY STREET CINCINNATI OH 45202 FURNITURE/EQUIP 834712 ELLIOTT CONSTRACTING INC PO BOX 3038 PIKEVILLE KY 41502 CONTRACTING 735976 C&T BUILDERS 440 GOBLE BRANCH PRESTONSBURG KY 41653 CONTRACTING 550430 27 1154494 15424833 485871 16579327 STUDENT TUITION & FEES 7720559 7720559 ROOM & BOARD 3399079 3399079 JUNE BUCHANAN SCHOOL 291344 291344 FAC./STAFF HOUSING 76724 76724 PRE-SCHOOL TUITION 68842 68842 11556548 1601700 1601700 19925789 9500 18816125 1109664 9500 1119164 1119164 79469 228485 -149016 -149016 OTHER AUXILIARY INCOME 102877 102877 CHANGE IN DISCOUNT & ALLOWANC -210 -210 OTHER INCOME -9500 -9500 -150953 -150953 -57786 30649937 12468910 1601700 3278744 3278744 313662 200701 112961 104191 104191 5670317 4446837 766012 457468 1501481 1102841 260363 138277 23463 23463 119233 119233 77960 77960 1184594 269580 36107 878907 31751 30114 1637 240433 240433 114611 48475 18110 48026 2126168 2094165 18249 13754 507990 507990 OPERATION AND MAINTENANCE 1812094 1784819 15553 11722 OTHER 1112406 740039 341709 30658 FOOD COSTS 819582 819582 TELEPHONE 549087 524104 24983 246989 246989 19834756 15827423 2315560 1691773 6647450 9441662 35993 33703 376877 51027 40356 411714 488106 88547477 33451658 50160865 55095819 73007823 70330948 743665 997161 131435414 136427755 2543011 3090905 17816 35011 896091 1169063 3456918 4294979 X 99457541 99785693 28520955 32347083 127978496 132132776 131435414 136427755 X 10815181 -6541491 -119410 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 3620 3620 false SCHEDULE C, PART I-A, LINE 1 GENERAL LOBBYING OF THE US CONGRESS WAS IN SUPPORT OF EDUCATION RELATED TO APPROPRIATIONS AND CONDUCTED THROUGH THE WORK COLLEGE CONSORTIUM LOBBYING SERVICES PROVIDED BY ARENT FOX, LLC OF WHICH ALICE LLOYD COLLEGE'S PORTION WAS 3,619.98. 59864522 3953370 -3818580 895988 57103324 47589491 1192544 1948993 866506 59864522 45026330 878149 1685012 47589491 43329427 605742 1959964 868803 45026330 40783945 724359 2577606 856483 43329427 0.48220 0.51780 false false 1356095 1356095 66818021 21655955 45162066 13175013 11795703 1379310 7198348 7198348 55095819 OTHER SECURITIES 70330948 F 70330948 ANNUITY ADVANCES 1169063 1169063 30878422 228485 228485 30649937 30649937 20063241 228485 228485 19834756 19834756 SCHEDULE D, PAGE 2, PART V, LINE 4 ALICE LLOYD COLLEGE PROVIDES A LIBERAL ARTS EDUCATION TO STUDENTS FROM A 108 COUNTY AREA IN APPALACHIA. A MAJORITY OF STUDENTS ATTENDING ALICE LLOYD COLLEGE ARE FIRST GENERATION STUDENTS WITH LIMITED RESOURCES TO ATTEND INSTITUTIONS OF HIGHER EDUCATION. ALICE LLOYD COLLEGE DEPENDS UPON DONATIONS AND THE ENDOWMENT TO HELP STUDENTS FINANCIALLY THROUGH THE COLLEGE LEADERSHIP SCHOLARSHIP. STUDENTS ATTENDING ALICE LLOYD COLLEGE FROM THE 108 COUNTY AREA IN APPALACHIA PAY 0 TUITION. THE COLLEGE ENDOWMENT IS PREDOMINANTLY USED TO FUND ALICE LLOYD COLLEGE'S LEADERSHIP AND OTHER SCHOLARSHIPS WHICH TOTALED IN EXCESS OF 3.2 MILLION IN FISCAL YEAR 2021-2022 AND WAS APPLIED TOWARDS THE COST OF TUITION. THE ENDOWMENT ALLOWS ALICE LLOYD COLLEGE TO ASSIST STUDENTS IN MAINTAINING A LOW GRADUATION DEBT. THE LAST SEVERAL YEARS ALICE LLOYD COLLEGE HAS RANKED AT OR NEAR THE TOP NATIONALLY IN LOW STUDENT DEBT. SCHEDULE D, PAGE 4, PART XI, LINE 2D BOOKSTORE COST OF GOODS SOLD 228,485 SCHEDULE D, PAGE 4, PART XII, LINE 2D BOOKSTORE COST OF GOODS SOLD 228,485 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 COLLEGE CATALOG; PUBLISHED IN AREA NEWSPAPERS, RADIO AND TELEVISION ADVERTISEMENT; POLICIES ARE ALSO PUBLISHED AT SUMMER ORIENTATION FOR STUDENTS AND FAMILIES. SCHEDULE E, LINE 6 THE COLLEGE RECEIVES FINANCIAL AID FOR ITS STUDENTS UNDER TITLE IV FINANCIAL AID PROGRAMS: PELL, FCWS, SEOG, AND STUDENT LOANS. THE COLLEGE ADHERES TO ALL POLICIES AND PROCEDURES FOR THE RECORDING AND DISBURSEMENT OF SUCH FUNDS. SCHEDULE E ON MARCH 27, 2020, THE PRESIDENT SIGNED INTO LAW THE CORONAVIRUS AID RELIEF AND ECONOMIC SECURITY ACT (CARES). THE CARES ACT CREATED A HIGHER EDUCATION RELIEF FUND (HEERF) SPECIFICALLY FOR EMERGENCY AID GRANTS TO STUDENTS AND INSTITUTIONS FOR EXPENSES RELATED TO THE DISRUPTION OF CAMPUS OPERATION DUE TO COVID-19. THE COLLEGE WAS AWARDED 754,640 UNDER THIS PROGRAM AND THE COLLEGE HAS EXPENDED ALL OF THE FUNDS DIRECTLY TO STUDENTS (346,700 IN 2020 AND 407,940 IN 2021). DURING FISCAL YEAR 2022, THE COLLEGE WAS AWARDED ADDITIONAL FUNDING AS AUTHORIZED BY THE CORONAVIRUS RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT (CRRSAA) WHICH WAS SIGNED INTO LAW ON DECEMBER 27, 2020. COMMONLY KNOWN AS HEERF II, THE COLLEGE WAS AWARDED 2,294,765. THE COLLEGE HAS EXPENDED ALL OF THESE FUNDS DIRECTLY TO STUDENTS. ADDITIONALLY, UNDER HEERF STRENGTHING INSTITUTIONS PROGRAM (SIP), THE COLLEGE WAS AWARDED 191,559 IN TOTAL OF WHICH 191,559 HAS BEEN EXPENDED AT THIS POINT DIRECTLY TO STUDENTS. true SCHOLARSHIP/STUDENT AID 631 3278744 SCHEDULE I, PAGE 1, PART I, LINE 2 STUDENT FINANCIAL AID PROCEDURES TYPICALLY FOLLOWED BY COLLEGES IN THE UNITED STATES USING FAFSA AND THE COLLEGE'S FINANCIAL AID APPLICATION CRITERIA. FEDERAL GRANTS ARE SUBJECT TO THE SINGLE AUDIT ACT OF THE UNITED STATES. SCHEDULE I, PAGE 4, PART IV SCHEDULE I, PART III- SCHOLARSHIPS/STUDENT AID GRANTS - INCLUDES PRIMARILY ROOM AND BOARD, BOOKS AND SUPPLIES ASSISTANCE. THE AMOUNT OF TUITION SCHOLARSHIPS/STUDENT AID FOR THE YEAR WAS 3,278,744. X X true true X false false false false false false false false false JOE STEPP PRESIDENT 185604 42121 227725 DAVID JOHNSON ASSISTANT TREASURER 104191 9898 21215 135304 ROBERT FINLEY- OPPENHEIMER BOARD MEMBER ROBERT FINLEY false JAMES O STEPP EXECUTIVE VP JAMES O. STEPP false SCHEDULE L, PART V PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: ROBERT FINLEY - OPPENHEIMER & COMPANY (D) DESCRIPTION OF TRANSACTION: ROBERT FINLEY IS A PAID BROKER/INVESTMENT ADVISOR FOR THE COLLEGE THROUGH OPPENHEIMER & COMPANY. ROBERT FINLEY, BOARD MEMBER, IS AN EMPLOYEE OF OPPENHEIMER & COMPANY WHO HANDLES THE COLLEGE'S INVESTMENTS. (A) NAME OF PERSON: JAMES O. STEPP (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: EXECUTIVE VICE PRESIDENT (D) DESCRIPTION OF TRANSACTION: JAMES O. STEPP RECEIVES TAXABLE COMPENSATION FROM THE COLLEGE AS THE EXECUTIVE VICE PRESIDENT AND HAS BEEN EMPLOYED WITH THE COLLEGE SINCE 1985 AND IS THE BROTHER TO THE PRESIDENT, JOE A. STEPP. W-2 WAGES FOR 2021 WERE 112,961. X 22 24150 NYSE AND NASDAQ X 13 461721 EDUCATIONAL SUPPLIES false false false FORM 990 - ORGANIZATION'S MISSION THE MISSION OF ALICE LLOYD COLLEGE IS TO PROVIDE MOUNTAIN STUDENTS A QUALITY CHARACTER-BASED EDUCATION, REGARDLESS OF THEIR FINANCIAL ABILITY, AND TO PREPARE THEM FOR LEADERSHIP AND SERVICE IN THE APPALACHIAN REGION. NO STUDENT HAS EVER BEEN TURNED AWAY BECAUSE OF AN INABILITY TO PAY. FORM 990, PAGE 2, PART III, LINE 4A INSTRUICTION ALICE LLOYD COLLEGE (ALC) HAD AN ENROLLMENT OF 584 STUDENTS FOR THE FALL 2022 SEMESTER, 548 FULL-TIME AND 36 PART-TIME. FULL-TIME STUDENTS FROM OUR 108-COUNTY SERVICE AREA (INCLUDES PARTS OF KY, OH, TN, VA, AND WV) ARE GUARANTEED ABSOLUTELY NO OUT OF POCKET COSTS FOR TUITION. ALC IS ONE OF ONLY TEN WORK COLLEGES IN THE NATION THAT REQUIRES ALL FULL-TIME STUDENTS TO WORK AS A CONDITION FOR ENROLLMENT. EACH YEAR, THE COLLEGE SUPPORTS MANY ALUMNI AT GRADUATE AND PROFESSIONAL SCHOOLS THROUGH ITS CANEY SCHOLARS PROGRAM WITH NINE PURSUING MEDICAL DEGREES, FIFTEEN PURSUING PHARMACY DEGREES, ELEVEN PURSUING PHYSICAL THERAPY DEGREES, SIX PURSUING DENTISTRY AND OPTOMETRY DEGREES, AND TWENTY- ONE PURSUING VETERINARY MEDICINE, LAW, ENGINEERING, AND OTHER GRADUATE DEGREES. ALC PROVIDED 3,278,744 IN INSTITUTIONAL LEADERSHIP GRANTS AND 747,412 IN INSTITUTIONAL STUDENT WORK GRANTS FOR THE 2021-2022 FISCAL YEAR. THE PROGRAM SERVICE ACCOMPLISHMENTS INCLUDED GRADUATING 95 STUDENTS IN MAY 2022 WITH 44 PERCENT HAVING NO STUDENT LOAN DEBT, WHILE 56 PERCENT HAD AN AVERAGE DEBT OF 11,725 WHILE ATTENDING ALICE LLOYD COLLEGE. ALICE LLOYD COLLEGE CONTINUED TO BE IMPACTED BY COVID-19 DURING THE 2021-2022 SCHOOL YEAR BUT OPTED TO PROVIDE IN-PERSON CLASSES WHILE FOLLOWING ALL CDC AND STATE OF KENTUCKY SAFETY PRECAUTIONS IN ORDER TO PROVIDE STUDENTS A CHARACTER-BASED EDUCATION AS REQUIRED OF THE COLLEGE'S MISSION. APPROXIMATELY 80 PERCENT OF ALC GRADUATES SERVE THE APPALACHIAN AREA BASED UPON RESEARCH CONDUCTED BY THE OFFICE OF ALUMNI RELATIONS. FORM 990, PAGE 2, PART III, LINE 4B AUXILIARY COLLEGE HOUSING AND MEAL PLAN, ALONG WITH THE CAMPUS BOOKSTORE AND CAF, ARE PRIMARILY PART OF THE AUXILIARY SERVICES. THE CAMPUS HAS THE CAPACITY TO HOUSE NEARLY 527 STUDENTS WITH 484 STUDENTS LIVING IN THE DORMS FOR FALL 2022 COMPARED TO 500 STUDENTS LIVING IN THE DORMS FOR FALL 2021. THE COLLEGE CONTINUES TO PROVIDE STUDENTS WITH THE CLASS SCHEDULE AND CLASS BOOK ADOPTION ONLINE, AND GIVES STUDENTS THE OPTION TO EITHER PURCHASE OR RENT BOOKS THROUGH AN ONLINE SERVICE OR OTHER ONLINE TEXTBOOK RETAILERS. STUDENTS BENEFIT BY BEING ABLE TO SHOP FOR BOOKS AT THE LOWEST COST, WHETHER THROUGH THE COLLEGE'S ONLINE SERVICE PROVIDER OR THE GENERAL ONLINE BOOK SALES MARKET. THE JUNE BUCHANAN SCHOOL (JBS) HAD AN ENROLLMENT OF 114 STUDENTS FOR FALL 2022 WITH 27 STUDENTS ENROLLED IN ALC COURSES FOR THE FALL SEMESTER. THE CANEY HONORS ACHIEVEMENT PROGRAM (CHAP) ENABLES JBS STUDENTS TO CHALLENGE THEMSELVES FURTHER IN THEIR STUDIES AND RECEIVE COLLEGE CREDITS WHILE IN HIGH SCHOOL. ALICE LLOYD COLLEGE HAS CONTINUED CONSTRUCTION OF TWO NEW WOMEN'S RESIDENCE HALLS WITH THE FIRST, HERMANN HALL, COMPLETED AND OCCUPIED IN AUGUST 2021. HERMANN HALL HAS THE CAPACITY TO HOUSE 227 WOMEN AND CURRENTLY HOUSES 202 WOMEN DURING THE FALL 2022 SEMESTER. THE SECOND DORM, HOLMES HALL, IS SCHEDULED TO BE COMPLETED IN DECEMBER 2022. TOTAL OCCUPANCY IS ANTICIPATED TO BE 300 STUDENTS WITH ONLY TWO STUDENTS IN A ROOM. ALICE LLOYD COLLEGE WILL CONSTRUCT THESE TWO NEW RESIDENCE HALLS WITHOUT INCURRING ANY LONG- TERM DEBT. FORM 990, PAGE 2, PART III, LINE 4C STUDENT SERVICES STUDENT SERVICES PROGRAMS INCLUDE LEADERSHIP, EDUCATION, ATHLETICS, INTRAMURALS, COUNSELING, CAREER PLACEMENT, STUDENT ACTIVITIES BOARD (WHICH PLANS A STUDENT ACTIVITIES CALENDAR EACH SEMESTER), DINING FACILITIES, DORMITORY FACILITIES, BRIDGE PROGRAM (WHICH HELPS STUDENTS MAKE THE TRANSITION FROM HIGH SCHOOL TO COLLEGE), CONVOCATION SERIES, POLICE DEPARTMENT, AND SUMMER AND FALL ORIENTATIONS. STUDENT SERVICES HAS ALSO BEEN INVOLVED IN THE DEVELOPMENT, DESIGN, AND NEW CONSTRUCTION OF THE COLLEGE'S NEW WOMEN'S RESIDENCE HALLS. HERMANN HALL HAS THE CAPACITY TO HOUSE 227 WOMEN AND CURRENTLY HOUSES 202 WOMEN DURING THE FALL 2022 SEMESTER. STUDENT SERVICES WAS INVOLVED ALONG WITH ACADEMICS AND THE COLLEGE WORK PROGRAM, IN COMMUNITY SERVICE PROJECTS DURING FISCAL YEAR 2020-2021. ALTHOUGH LIMITED IN ABILITY TO PROVIDE COMMUNITY SERVICE DUE TO COVID 19 SAFETY RESTRICTIONS, ALICE LLOYD COLLEGE CAMPUS MINISTRY, ACADEMIC FRATERNITY PHI BETA LAMDA (PBL), ATHLETICS, AND STUDENT SERVICES WERE ABLE TO PROVIDE FOR COMMUNITY NEEDS. PBL WAS ABLE TO CONTINUE DONATING 30 BAGS OF FOOD EACH WEEK FOR LOCAL NEEDY ELEMENTARY STUDENTS. DURING THE LAST MONTH OF THE YEAR, THEY WERE ABLE TO DOUBLE THEIR OUTPUT TO 60 BAGS PER WEEK. ORGANIZATIONS PARTICIPATED IN OPERATION CHRISTMAS CHILD AND COLLECTED OVER 400 SHOEBOXES WITH A TOTAL OF 56 VOLUNTEERS AND 202 COMMUNITY SERVICE HOURS. ADDITIONALLY, THE COLLEGE COMMUNITY PARTICIPATED IN BLOOD DRIVES AND ANIMAL SHELTER CLEANUP PROJECTS. STUDENTS IN THE COLLEGE WORK-STUDY PROGRAM PARTICIPATED IN 43,098 HOURS OF COMMUNITY SERVICE. COMMUNITY SERVICE INCLUDED PROVIDING READING/MATH TUTORS TO LOCAL SCHOOLS, SERVING AS CHILD CARE WORKERS IN THE CAMPUS DAYCARE, PROVIDING CAMPUS SAFETY SUPPORT THROUGH THE SECURITY DEPARTMENT, PROVIDING AFTER-SCHOOL SUPPORT FOR THE CAMPUS K-12 PROGRAM, AND MANY OTHER FUNCTIONS VITAL TO BOTH THE CAMPUS AND LOCAL COMMUNITY. STUDENT PARTICIPATION IN IN-PERSON COMMUNITY SERVICE ACTIVITIES RETURNED TO PREVIOUS LEVELS DURING 2021-2022 FOLLOWING COVID-19 IN THE PRIOR FISCAL YEAR. FORM 990, PAGE 2, PART III, LINE 4D ACADEMIC EXPENSES 3,248,779. INCLUDING GRANTS OF 66,987. REVENUE 0. JUNE BUCHANAN EXPENSES 1,039,384. INCLUDING GRANTS OF 51,332. REVENUE 0. STUDENT AID EXPENSES 3,278,744, INCLUDING GRANTS OF 3,278,744. REVENUE 0. FORM 990, PAGE 6, PART VI, LINE 2 JAMES O. STEPP JOE STEPP EXECUTIVE VP PRESIDENT BROTHERS FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT APPOINTED TO REVIEW FOR 990. THE GOVERNING BODY WILL RECEIVE A COPY OF THE FORM 990 IN DECEMBER WITH A LETTER ASKING THAT ANY QUESTIONS BE DIRECTED TO THE BUSINESS MANAGER. THE 990 IS REVIEWED INTERNALLY BY THE PRESIDENT, EXECUTIVE SECRETARY, BUSINESS MANAGER, CONTROLLER, AND DIRECTOR OF HUMAN RESOURCES. VARIOUS PARTS ARE PREPARED AND EDITED BY THE ASSOCIATE VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT, ACADEMIC DEAN, EXECUTIVE DIRECTOR OF INSTITUTIONAL EFFECTIVENESS AND ACCREDITATION, AND DIRECTOR OF ENROLLMENT MANAGEMENT WITH INFORMATION FROM ALL DEPARTMENTS. FORM 990, PAGE 6, PART VI, LINE 12C THE COLLEGE HAS A CONFLICT OF INTEREST POLICY, AS WELL AS A CONFLICT OF INTEREST DISCLOSURE DOCUMENT THAT TRUSTEES AND EXECUTIVE DIRECTORS ARE ASKED TO SIGN, AND HAVE THEIR SIGNATURE WITNESSED EACH YEAR. THE DISCLOSURE DOCUMENT IS GIVEN TO THE TRUSTEES IN OCTOBER. THE SECRETARY TO THE PRESIDENT FOLLOWS UP WITH THOSE WHO DO NOT RETURN THEIR DOCUMENT WITHIN A REASONABLE PERIOD OF TIME. BEGINNING WITH THE JANUARY 2010 EXECUTIVE REPORT UNDER COLLEGE GOVERNANCE, THE CONFLICT OF INTEREST POLICY WILL BE REVIEWED ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT'S SALARY IS SET BY THE BOARD OF TRUSTEES, UPON THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE. THE PRESIDENT MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE, AND BOARD, FOR PAY INCREASES FOR LINE OFFICERS AND OTHER EMPLOYEES OF THE COLLEGE. THE PRESIDENT WILL PERIODICALLY (EVERY 2-3 YEARS) REQUEST A COMPARATIVE SALARY LIST FROM THE ASSOCIATION OF INDEPENDENT KENTUCKY COLLEGES AND UNIVERSITIES (AIKCU). FORM 990, PAGE 6, PART VI, LINE 15B THE PRESIDENT'S SALARY IS SET BY THE BOARD OF TRUSTEES, UPON THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE. THE PRESIDENT MAKES A RECOMMENDATION TO THE EXECUTIVE COMMITTEE, AND BOARD, FOR PAY INCREASES FOR LINE OFFICERS AND OTHER EMPLOYEES OF THE COLLEGE. THE PRESIDENT WILL PERIODICALLY (EVERY 2-3 YEARS) REQUEST A COMPARATIVE SALARY LIST FROM THE ASSOCIATION OF INDEPENDENT KENTUCKY COLLEGES AND UNIVERSITIES (AIKCU). FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 ANNUITY PAYMENTS -119,410