2021-12-14T12:36:43-06:00 2021-07-31 611129886 KELLEY GALLOWAY SMITH GOOLSBY PSC 1200 CORPORATE COURT PO BOX 990 ASHLAND KY 411050990 990 2020-08-01 610492351 ALICE LLOYD COLLEGE ALIC 6063682101 100 PURPOSE ROAD PIPPA PASSES KY 41844 DAVID JOHNSON ASSISTANT TREASURER 6063686031 2021-12-09 true DAVID JOHNSON XXX-XX-XXXX LORI F DEARFIELD CPA P00846508 6063291811 2021-12-14 2020 2022-09-23 18:48:47Z DAVID JOHNSON 45877379 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 22 269 300 0 13958530 12648894 9649397 11097978 1222641 2869828 639 490850 24831207 27107550 2209689 3101558 0 7322693 7561043 0 1610421 7726978 8048494 17259360 18711095 7571847 8396455 112488977 131435414 2578488 3456918 109910489 127978496 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 3185148 579374 INSTRUCTION ALICE LLOYD COLLEGE (ALC) HAD AN ENROLLMENT OF 614 STUDENTS FOR THE FALL 2021 SEMESTER, 581 FULL-TIME AND 33 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 NINE 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 EIGHT PURSUING MEDICAL DEGREES, 15 PURSUING PHARMACY DEGREES, NINE PURSUING PHYSICIAN ASSISTANT AND PHYSICAL THERAPY DEGREES, FIVE PURSUING DENTISTRY AND OPTOMETRY DEGREES, AND 16 PURSUING VETERINARY MEDICINE, LAW, ENGINEERING, AND OTHER GRADUATE DEGREES. ALC PROVIDED 3,101,558 IN INSTITUTIONAL LEADERSHIP GRANTS AND 787,515 IN INSTITUTIONAL STUDENT WORK GRANTS FOR THE 2020-2021 FISCAL YEAR. THE PROGRAM SERVICE ACCOMPLISHMENTS INCLUDED GRADUATING 65 STUDENTS IN MAY 2021 WITH 31 PERCENT HAVING NO STUDENT LOAN DEBT, WHILE 69 PERCENT HAD AN AVERAGE DEBT OF 13,717 WHILE ATTENDING ALICE LLOYD COLLEGE. ALICE LLOYD COLLEGE CONTINUED TO BE IMPACTED BY COVID 19 DURING THE 2020-2021 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 79 PERCENT OF GRADUATES RETURN TO SERVE THE APPALACHIAN AREA BASED UPON RESEARCH CONDUCTED IN 2019 BY THE OFFICE OF ALUMNI RELATIONS. IN 2020, SACSCOC APPROVED ALICE LLOYD COLLEGE'S PROPOSAL TO ADD A COMMUNICATION STUDIES MAJOR TO ITS PROGRAM OFFERINGS. THE COMMUNICATION STUDIES MAJOR CURRENTLY HAS 14 STUDENTS ENROLLED. EIGHTEEN STUDENTS ARE PURSUING A MINOR IN COMMUNICATIONS, MAKING IT ALICE LLOYD COLLEGE'S SECOND MOST POPULAR MINOR. ALICE LLOYD COLLEGE ADDED A CRIMINAL JUSTICE PROGRAM IN 2018. THE CRIMINAL JUSTICE PROGRAM CURRENTLY HAS 55 STUDENTS ENROLLED, MAKING IT ALICE LLOYD COLLEGE'S THIRD MOST POPULAR MAJOR. 2376121 185780 AUXILIARY 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 525 STUDENTS WITH 500 STUDENTS LIVING IN THE DORMS FOR FALL 2021 COMPARED TO 485 STUDENTS LIVING IN THE DORMS FOR FALL 2020. 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 113 STUDENTS FOR FALL 2021 WITH 26 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 208 WOMEN DURING THE FALL 2021 SEMESTER. THE SECOND DORM, HOLMES HALL, IS SCHEDULED TO BE COMPLETED IN AUGUST 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. 2099204 402566 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 208 WOMEN DURING THE FALL 2021 SEMESTER. THANKS TO THE EFFORT OF STUDENT WORKERS DURING THE SUMMER OF 2021, STUDENT SERVICES WAS ABLE TO HELP UNLOAD AND INSTALL ALL NEW FURNITURE OF HERMANN HALL AND PART OF BERGER/AUEN MEN'S DORMS. ALICE LLOYD COLLEGE DONATED THE EXISTING RESIDENCE HALL FURNITURE TO VARIOUS NONPROFIT ORGANIZATIONS INCLUDING THE CHRISTIAN APPALACHIAN PROJECT (CAP) AND CORDIA SCHOOL. 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. ORGANIZATIONS COORDINATED A BAKE SALE, RAISING APPROXIMATELY 400 TO DONATE TO THE KNOTT COUNTY SENIOR CITIZENS CENTER. SEVENTEEN STUDENTS ASSISTED A LOCAL YOUTH CAMP WITH LABOR TO CLEAN AND REPAIR THE CAMP AFTER A FLOOD IN MARCH 2021. ORGANIZATIONS PARTICIPATED IN OPERATION CHRISTMAS CHILD AND COLLECTED OVER 400 SHOEBOXES WITH A TOTAL OF 49 VOLUNTEERS AND 178 COMMUNITY SERVICE HOURS. ADDITIONALLY, THE COLLEGE COMMUNITY PARTICIPATED IN BLOOD DRIVES AND ANIMAL SHELTER CLEANUP PROJECTS. THE LARGEST COMMUNITY SERVICE PROJECT CAME AS THE RESULT OF FLOODING ON THE CAMPUS OF ALICE LLOYD COLLEGE. THE ESTELLE CAMPBELL CENTER FOR THE ARTS AND THE JUNE BUCHANAN SCHOOL WAS FLOODED IN MARCH 2021 CAUSING NEARLY 650,000 IN DAMAGES TO THE FACILITY AND FURNITURE. THE JUNE BUCHANAN SCHOOL LOST NEARLY ALL FURNITURE, BOOKS, AND SUPPLIES AND WAS FORCED TO CLOSE IN-PERSON CLASSES FOR A WEEK. THE CAMPUS COMMUNITY AND PARENTS ASSISTED IN MOVING THE JUNE BUCHANAN SCHOOL CLASSES TO THE PERRY CAMPUS CENTER AND WITHIN A WEEK HAD THE JUNE BUCHANAN SCHOOL BACK IN CLASSES. STUDENTS IN THE COLLEGE WORK-STUDY PROGRAM PARTICIPATED IN 24,630 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. 7344157 3467540 ACADEMIC EXPENSES 3,106,609. INCLUDING GRANTS OF 68,032. REVENUE 0. JUNE BUCHANAN EXPENSES 989,674. INCLUDING GRANTS OF 78,284. REVENUE 0. STUDENT AID EXPENSES 3,101,558, INCLUDING GRANTS OF 3,101,558. REVENUE 0. 7344157 3467540 15004630 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 836 0 true 269 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 DAVID JOHNSON ALICE LLOYD COLLEGE 6063686031 100 PURPOSE ROAD PIPPA PASSES KY 41844 JOE STEPP PRESIDENT & 70.00 X 192663 0 54933 DAVID JOHNSON ASSISTANT TR 50.00 X 105481 0 35038 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 MARK T JOHNSON MEMBER X 0 0 0 WILLIAM J REIK JR MEMBER X 0 0 0 KIMBERLY JONES MEMBER X 0 0 0 HILDA G LEGG 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 LINDA EASTLAND ASSISTANT SE X 0 0 0 298144 89971 3 false true false RISING SUN DEVELOPMENT INC 2555 PALUMBO DRIVE STE 10 LEXINGTON KY 40509 CONSTRUCTION 2475626 ELLIOTT CONSTRACTING INC PO BOX 3038 PIKEVILLE KY 41502 CONTRACTING 1188560 PIONEER COLLEGE CATERERS INC 25055 W VALLEY PKWY SUITE 120 OLATHE KS 66061 FOOD SERVICE 829775 ELLIOTT SUPPLY & GLASS CO PO BOX 3038 PIKEVILLE KY 41502 CONTRACTING 636125 FURNITURE SOLUTIONS FOR THE WORKPLAC 1340 CLAY STREET CINCINNATI OH 45202 FURNITURE/EQUIP 618798 27 1219973 11428921 773198 12648894 STUDENT TUITION & FEES 7460209 7460209 ROOM & BOARD 3180590 3180590 JUNE BUCHANAN SCHOOL 337062 337062 FAC./STAFF HOUSING 75815 75815 PRE-SCHOOL TUITION 44302 44302 11097978 1757183 1757183 19698237 17777785 807807 1920452 -807807 1112645 1112645 57869 184237 -126368 -126368 OTHER INCOME 767104 767104 OTHER AUXILIARY INCOME 74041 74041 CHANGE IN DISCOUNT & ALLOWANC -11087 -11087 -212840 -212840 617218 27107550 12701473 1757183 3101558 3101558 425449 204980 105481 114988 5640438 4479810 726548 434080 1495156 1109218 257871 128067 24229 24229 121095 121095 62825 62825 1142016 240406 52898 848712 40617 33904 1913 4800 154435 154435 98361 45229 12713 40419 2079194 2047898 17846 13450 401647 401647 OPERATION AND MAINTENANCE 1451118 1429276 12455 9387 OTHER 938052 648998 272536 16518 FOOD COSTS 747219 747219 TELEPHONE 545947 519960 25987 241739 241739 18711095 15004630 2096044 1610421 7430551 6647450 112406 35993 376877 64191 51027 342651 411714 82960733 32799868 44897923 50160865 59109375 73007823 531880 743665 112488977 131435414 1893980 2543011 30352 17816 654156 896091 2578488 3456918 X 82732466 99457541 27178023 28520955 109910489 127978496 112488977 131435414 X 8396455 9787119 -115567 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 4969 4969 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 4,968.77. 47589491 1192544 1948993 866506 59864522 45026330 878149 1685012 47589491 43329427 605742 1959964 868803 45026330 40783945 724359 2577606 856483 43329427 38008067 322615 3111701 908438 40783945 0.57260 0.42740 false false 1356095 1356095 66404861 20070122 46334739 14227182 12729746 1497436 972595 972595 50160865 OTHER SECURITIES 73007823 F 73007823 ANNUITY ADVANCES 896091 896091 27291787 184237 184237 27107550 27107550 18895332 184237 184237 18711095 18711095 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 3.1 MILLION IN FISCAL YEAR 2020-2021 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 184,237 SCHEDULE D, PAGE 4, PART XII, LINE 2D BOOKSTORE COST OF GOODS SOLD 184,237 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 2021, 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 1,309,966. 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 36,918 HAS BEEN EXPENDED AT THIS POINT DIRECTLY TO STUDENTS. true SCHOLARSHIP/STUDENT AID 596 3101558 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 3,101,558. X X true true X false false false false false false false false false JOE STEPP PRESIDENT & TRUSTEE 192663 38964 15969 247596 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 2020 WERE 114,988. X 25 763198 NYSE AND NASDAQ X 1 10000 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 INSTRUCTION ALICE LLOYD COLLEGE (ALC) HAD AN ENROLLMENT OF 614 STUDENTS FOR THE FALL 2021 SEMESTER, 581 FULL-TIME AND 33 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 NINE 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 EIGHT PURSUING MEDICAL DEGREES, 15 PURSUING PHARMACY DEGREES, NINE PURSUING PHYSICIAN ASSISTANT AND PHYSICAL THERAPY DEGREES, FIVE PURSUING DENTISTRY AND OPTOMETRY DEGREES, AND 16 PURSUING VETERINARY MEDICINE, LAW, ENGINEERING, AND OTHER GRADUATE DEGREES. ALC PROVIDED 3,101,558 IN INSTITUTIONAL LEADERSHIP GRANTS AND 787,515 IN INSTITUTIONAL STUDENT WORK GRANTS FOR THE 2020-2021 FISCAL YEAR. THE PROGRAM SERVICE ACCOMPLISHMENTS INCLUDED GRADUATING 65 STUDENTS IN MAY 2021 WITH 31 PERCENT HAVING NO STUDENT LOAN DEBT, WHILE 69 PERCENT HAD AN AVERAGE DEBT OF 13,717 WHILE ATTENDING ALICE LLOYD COLLEGE. ALICE LLOYD COLLEGE CONTINUED TO BE IMPACTED BY COVID 19 DURING THE 2020-2021 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 79 PERCENT OF GRADUATES RETURN TO SERVE THE APPALACHIAN AREA BASED UPON RESEARCH CONDUCTED IN 2019 BY THE OFFICE OF ALUMNI RELATIONS. IN 2020, SACSCOC APPROVED ALICE LLOYD COLLEGE'S PROPOSAL TO ADD A COMMUNICATION STUDIES MAJOR TO ITS PROGRAM OFFERINGS. THE COMMUNICATION STUDIES MAJOR CURRENTLY HAS 14 STUDENTS ENROLLED. EIGHTEEN STUDENTS ARE PURSUING A MINOR IN COMMUNICATIONS, MAKING IT ALICE LLOYD COLLEGE'S SECOND MOST POPULAR MINOR. ALICE LLOYD COLLEGE ADDED A CRIMINAL JUSTICE PROGRAM IN 2018. THE CRIMINAL JUSTICE PROGRAM CURRENTLY HAS 55 STUDENTS ENROLLED, MAKING IT ALICE LLOYD COLLEGE'S THIRD MOST POPULAR MAJOR. FORM 990, PAGE 2, PART III, LINE 4B AUXILIARY 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 525 STUDENTS WITH 500 STUDENTS LIVING IN THE DORMS FOR FALL 2021 COMPARED TO 485 STUDENTS LIVING IN THE DORMS FOR FALL 2020. 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 113 STUDENTS FOR FALL 2021 WITH 26 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 208 WOMEN DURING THE FALL 2021 SEMESTER. THE SECOND DORM, HOLMES HALL, IS SCHEDULED TO BE COMPLETED IN AUGUST 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 208 WOMEN DURING THE FALL 2021 SEMESTER. THANKS TO THE EFFORT OF STUDENT WORKERS DURING THE SUMMER OF 2021, STUDENT SERVICES WAS ABLE TO HELP UNLOAD AND INSTALL ALL NEW FURNITURE OF HERMANN HALL AND PART OF BERGER/AUEN MEN'S DORMS. ALICE LLOYD COLLEGE DONATED THE EXISTING RESIDENCE HALL FURNITURE TO VARIOUS NONPROFIT ORGANIZATIONS INCLUDING THE CHRISTIAN APPALACHIAN PROJECT (CAP) AND CORDIA SCHOOL. 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. ORGANIZATIONS COORDINATED A BAKE SALE, RAISING APPROXIMATELY 400 TO DONATE TO THE KNOTT COUNTY SENIOR CITIZENS CENTER. SEVENTEEN STUDENTS ASSISTED A LOCAL YOUTH CAMP WITH LABOR TO CLEAN AND REPAIR THE CAMP AFTER A FLOOD IN MARCH 2021. ORGANIZATIONS PARTICIPATED IN OPERATION CHRISTMAS CHILD AND COLLECTED OVER 400 SHOEBOXES WITH A TOTAL OF 49 VOLUNTEERS AND 178 COMMUNITY SERVICE HOURS. ADDITIONALLY, THE COLLEGE COMMUNITY PARTICIPATED IN BLOOD DRIVES AND ANIMAL SHELTER CLEANUP PROJECTS. THE LARGEST COMMUNITY SERVICE PROJECT CAME AS THE RESULT OF FLOODING ON THE CAMPUS OF ALICE LLOYD COLLEGE. THE ESTELLE CAMPBELL CENTER FOR THE ARTS AND THE JUNE BUCHANAN SCHOOL WAS FLOODED IN MARCH 2021 CAUSING NEARLY 650,000 IN DAMAGES TO THE FACILITY AND FURNITURE. THE JUNE BUCHANAN SCHOOL LOST NEARLY ALL FURNITURE, BOOKS, AND SUPPLIES AND WAS FORCED TO CLOSE IN-PERSON CLASSES FOR A WEEK. THE CAMPUS COMMUNITY AND PARENTS ASSISTED IN MOVING THE JUNE BUCHANAN SCHOOL CLASSES TO THE PERRY CAMPUS CENTER AND WITHIN A WEEK HAD THE JUNE BUCHANAN SCHOOL BACK IN CLASSES. STUDENTS IN THE COLLEGE WORK-STUDY PROGRAM PARTICIPATED IN 24,630 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. FORM 990, PAGE 2, PART III, LINE 4D ACADEMIC EXPENSES 3,106,609. INCLUDING GRANTS OF 68,032. REVENUE 0. JUNE BUCHANAN EXPENSES 989,674. INCLUDING GRANTS OF 78,284. REVENUE 0. STUDENT AID EXPENSES 3,101,558, INCLUDING GRANTS OF 3,101,558. 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 VICE PRESIDENT FOR BUSINESS AFFAIRS. THE 990 IS REVIEWED INTERNALLY BY THE PRESIDENT, EXECUTIVE SECRETARY, EXECUTIVE VICE PRESIDENT, VICE PRESIDENT FOR BUSINESS AFFAIRS, CONTROLLER, AND DIRECTOR OF HUMAN RESOURCES. VARIOUS PARTS ARE PREPARED AND EDITED BY THE DIRECTOR OF INSTITUTIONAL DEVELOPMENT, ACADEMIC DEAN, 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 -115,567