2014-11-13T14:50:51-06:00 2014-07-31 611129886 KELLEY GALLOWAY SMITH GOOLSBY PSC 1200 CORPORATE COURT PO BOX 990 ASHLAND KY 411050990 990 2013-08-01 610492351 ALICE LLOYD COLLEGE ALIC 6063682101 100 PURPOSE ROAD PIPPA PASSES KY 41844 DAVID JOHNSON V.P. BUSINESS AFFAIRS 6063682101 2014-11-15 true LORI F DEARFIELD P00846508 6063291811 2014-11-12 2013 2015-11-30 17:44:51Z DAVID JOHNSON 100 PURPOSE ROAD PIPPA PASSES KY 41844 31256601 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 22 262 49 0 5793635 8236606 8538987 9144381 1621846 2261610 366004 73761 16320472 19716358 1948687 2042634 0 6945242 7117373 0 1461712 5217310 5495819 14111239 14655826 2209233 5060532 63548059 69687648 1229492 1634652 62318567 68052996 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 2415152 188906 INSTRUCTION ALICE LLOYD COLLEGE (ALC) HAS AN ENROLLMENT OF 619 STUDENTS FOR THE FALL 2014 SEMESTER. 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 SEVEN WORK COLLEGES IN THE NATION REQUIRING 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. FORTY-EIGHT STUDENTS ARE BEING ASSISTED THROUGH THE SCHOLARS PROGRAM WITH 15 SCHOLARS PURSUING MEDICAL DEGREES AND AN ADDITIONAL 21 PURSUING MEDICAL RELATED FIELDS. ALC PROVIDED INSTITUTIONAL LEADERSHIP GRANTS TOTALING 1,762,601 FOR THE 2013-2014 FISCAL YEAR WHICH INCLUDED 34,798 IN MINORITY GRANTS. THE PROGRAM SERVICE ACCOMPLISHMENTS: 2014 GRADUATING CLASS OF 96 STUDENTS, 32% HAD NO STUDENT LOAN DEBT, WHILE 68% HAD AN AVERAGE DEBT OF 11,181 WHILE ATTENDING ALICE LLOYD COLLEGE. THE ALC EDUCATION DEPARTMENT SUBMITTED A PROPOSAL TO ADOPT A SPECIAL EDUCATION PROGRAM WHICH WAS APPROVED BY THE COUNCIL ON POSTSECONDARY EDUCATION AND SACS ACCREDITING AGENCY. THE PROGRAM IS BEING REVIEWED BY THE PROFESSIONAL STANDARDS BOARD. ALICE LLOYD COLLEGE'S SECONDARY EDUCATION TEACHER PREPARATION PROGRAM WAS RANKED 103RD NATIONALLY AND THE HIGHEST RANKED SECONDARY PROGRAM OF PRIVATE SCHOOLS IN KENTUCKY. THE ELEMENTARY PROGRAM AT ALC WAS RANKED 360TH NATIONALLY, THE THIRD HIGHEST OF ALL PRIVATE COLLEGES IN KENTUCKY. 2213159 288051 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 489 LIVING IN THE DORMS FOR FALL 2014. THE BOOKSTORE OFFERS STUDENTS A CENTRALIZED AND CONVENIENT LOCATION TO PURCHASE TEXTBOOKS AND SUPPLIES. WHILE THE CAF OFFERS FACULTY, STAFF AND STUDENTS A PLACE TO GATHER AND SOCIALIZE WHILE OFFERING AN AFFORDABLE MENU. THE COLLEGE ALSO OPERATES A CHILD DEVELOPMENT CENTER AND A K-12 COLLEGE PREPARATORY SCHOOL (THE JUNE BUCHANAN SCHOOL). THE JUNE BUCHANAN SCHOOL (JBS) HAS AN ENROLLMENT OF APPROXIMATELY 131 STUDENTS FOR THE 2014-2015 FISCAL YEAR. ALL JBS HIGH SCHOOL STUDENTS ARE REQUIRED TO PARTICIPATE IN COMMUNITY SERVICE EVENTS. JBS STUDENTS, FACULTY, AND PARENTS WERE INVOLVED IN SERVICE PROJECTS TO SUPPORT BREAST CANCER AWARENESS, PROVIDE CHRISTMAS GIFTS AND WINTER COATS FOR CHILDREN, AND RAISE FUNDS FOR THE KNOTT COUNTY/PERRY COUNTY FOSTER CARE PROGRAM. 1115755 330014 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, SUMMER AND FALL ORIENTATIONS (WHICH HELPS STUDENTS MEET FELLOW STUDENTS AND FACULTY MEMBERS AND BECOME ACQUAINTED WITH COLLEGE GUIDELINES AND REGULATIONS). PROJECTS COMPLETED DURING THE 2013-2014 SCHOOL YEAR WERE RENOVATION OF THE CAFETERIA AND FIRST FLOOR OF THE STUDENT CENTER AND BEGINNING CONSTRUCTION OF THE NEW STUDENT WORK AND CAMPUS OUTREACH FACILITY TO BE COMPLETED IN EARLY 2016. ALICE LLOYD COLLEGE (ALC) STUDENTS WERE INVOLVED IN MANY COMMUNITY SERVICE ACTIVITIES DURING THE 2013-2014 FISCAL YEAR. STUDENT ATHLETES PROVIDED SERVICES TO SENIOR CITIZENS DURING THE KENTUCKY RIVER AREA COMMUNITY DEVELOPMENT DISTRICT SENIOR GAMES. ATHLETES GAVE OUT CHRISTMAS GIFTS TO LOCAL YOUTHS AS WELL AS PROVIDED TREATS AT THE ANNUAL ALC HALLOWEEN TRUNK OR TREAT EVENT. ATHLETES ALONG WITH THE IMPACT CLUB ALSO PROVIDED CANNED FOOD TO SERVE NEEDY FAMILIES AND COLLECTED TOYS AND OTHER ITEMS TO PROVIDE CHRISTMAS GIFTS FOR NEEDY CHILDREN. PHI BETA LAMBDA (PBL) SPONSORED A BREAST CANCER AWARENESS CONVOCATION AND WALK TO SUPPORT BREAST CANCER AWARENESS. THE EVENT RAISED FUNDS FOR THE SUSAN G. KOMEN FUND. PBL ALSO DONATED ITEMS FOR THE LOCAL VETERANS CENTER AND SERVED FOOD TO NEEDY FAMILIES AS PART OF KENNY'S KIDS. PBL ALSO PROVIDED SUPPORT FOR THE MARCH OF DIMES. ALICE LLOYD COLLEGE'S BAPTIST COLLEGIATE MINISTRIES (BCM) CHAPTER SPENT MANY HOURS SERVING LOCAL CHILDREN DURING CHRISTMAS WORKING WITH THE OPERATION CHRISTMAS CHILD RELAY CENTER. BCM ALSO VOLUNTEERED WITH SAMARITAN'S PURSE IN THE OPERATION CHRISTMAS CHILD PROCESSING CENTER. 4107368 2298985 STUDENT AID EXPENSES 2,065,888. INCLUDING GRANTS OF 2,065,888. REVENUE 0. ACADEMIC EXPENSES 640,508. INCLUDING GRANTS OF 127,113. REVENUE 0. ADMISSIONS EXPENSES 520,696. INCLUDING GRANTS OF 57,384. REVENUE 0. JUNE BUCHANAN EXPENSES 880,276. INCLUDING GRANTS OF 48,600. REVENUE 0. 4107368 2298985 9851434 true true false true false false false false false true true true false false true true true false true false false false false false false false false false true true false false false false false true true false true true false false false false false false false true 105 0 true 262 true 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 ROBERT M DUNCAN CHAIRMAN 2.00 X X 0 0 0 DWIGHT J BAUM MEMBER X 0 0 0 OLIVER CAUDILL MEMBER X 0 0 0 ROBERT MICHAEL DUNCAN JR MEMBER X 0 0 0 ROBERT W FINLEY SR MEMBER X 0 0 0 WILLIAM G FRANCIS MEMBER X 0 0 0 MARK T JOHNSON MEMBER X 0 0 0 JANICE L KNOPP MEMBER X 0 0 0 HILDA G LEGG VICE CHAIRMA 2.00 X X 0 0 0 LARRY M LESLIE MD SECRETARY/TR 2.00 X X 0 0 0 JULIE DAVIS HOPKINS MEMBER X 0 0 0 J SCOTT JENNINGS MEMBER X 0 0 0 LOWELL D MARTIN MD MEMBER X 0 0 0 RACHEL D MULLINAX MEMBER X 0 0 0 GEORGE NICHOLS III MEMBER X 0 0 0 WILLIAM J REIK JR MEMBER X 0 0 0 KAREN R SELLERS MEMBER X 0 0 0 HENRY WEBB MEMBER X 0 0 0 JERRY L EDWARDS MEMBER X 0 0 0 BEN PARK MEMBER X 0 0 0 KEVIN SMITH MEMBER X 0 0 0 DAVID JOHNSON ASSISTANT TR 50.00 X 77517 0 30888 LINDA EASTLAND ASSISTANT SE 40.00 X 0 0 0 JOE STEPP MEMBER 70.00 X 150580 0 54532 228097 85420 1 false true false PIONEER COLLEGE CATERERS INC 12351 WEST 96TH TER STE 204 LENEXA KS 66215 FOOD SERVICE 819527 ALLIANCE CORPORATION 2014 KY RT 321 PRESTONSBURG KY 41653 CONSTRUCTION 347901 ROBINSON CONSTRUCTION INC 270 ABBOT CREET ROAD PRESTONSBURG KY 41653 CONSTRUCTION 193415 BLUE GRASS MAILING SERVICES PO BOX 11816 LEXINGTON KY 40578 MAILING 167606 CONTEMPORARY GALLERIES PO BOX 289 CHARLESTON WV 25330 FURNITURE 165171 6 875817 7360789 164214 8236606 STUDENT TUITION & FEES 6183872 6183872 ROOM & BOARD 2502810 2502810 JUNE BUCHANAN SCHOOL 337673 337673 FAC./STAFF HOUSING 81284 81284 PRE-SCHOOL TUITION 38742 38742 9144381 1476405 1476405 11925798 11140593 785205 785205 785205 510196 399650 110546 110546 OTHER AUXILIARY INCOME 14170 14170 ANNUITY INCOME 2410 2410 OTHER INCOME -53365 -53365 -36785 19716358 10003347 1476405 2042634 2042634 328343 165834 77517 84992 5464459 3846870 1067978 549611 256182 166106 56092 33984 744226 484792 159956 99478 324163 228585 59440 36138 26180 26180 110200 110200 68102 68102 436000 9524 3660 422816 30930 22606 1044 7280 627856 196092 431764 218394 76225 55312 86857 1303800 1217107 86693 342639 342639 FOOD COSTS 683479 683479 SUPPLIES 594532 238295 309309 46928 OTHER 363854 123493 233904 6457 TELEPHONE 275923 275923 413930 349792 45069 19069 14655826 9851434 3342680 1461712 1943851 2829679 280060 167014 105614 92317 161841 186892 46806208 25944006 21533865 20862202 39136668 45170082 386160 379462 63548059 69687648 722471 948030 47913 58861 459108 627761 1229492 1634652 X 40296481 43228856 1426476 2320957 20595610 22503183 62318567 68052996 63548059 69687648 5060532 731561 -57664 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false SCHEDULE C, PART I-A, LINE 1 THE COLLEGE IS A MEMBER OF THE WORK COLLEGES CONSORTIUM. EACH YEAR THE COLLEGE PAYS ASSESSMENTS TO THE CONSORTIUM TO FUND VARIOUS FUNCTIONS AS A GROUP. PART OF THE PAYMENTS INVOLVES LOBBYING BY THE WORK COLLEGE CONSORTIUM ON BEHALF OF ALL MEMBERS. FEDERAL LOBBYING EXPENSES BY THE CONSORTIUM FOR 2013-2014 WAS 6,022.86. THE PRORATED AMOUNT APPLIED TO ALICE LLOYD COLLEGE. THE CONSORTIUM IS NOT A 501 (C)(3) ORGANIZATION. 31852216 2398146 2541598 1000650 35791310 28952265 712870 3232693 1045612 31852216 28203004 587410 1286013 1124162 28952265 25786632 479552 3008641 1071821 28203004 22699250 670316 3471627 1054561 25786632 0.41070 0.58930 false false 1375095 1375095 33835212 15328825 18506387 11296549 10615181 681368 299352 299352 20862202 OTHER SECURITIES 45170082 F 45170082 ANNUITY ADVANCES 527353 ANNUITY AND GOV. STDN. ADVANCES 100408 627761 X 20116008 399650 399650 19716358 19716358 15055476 399650 399650 14655826 14655826 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 HIGH 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 USED PREDOMINANTLY TO COVER THE COST OF TUITION OF WHICH DURING FISCAL YEAR 2013-2014 WAS IN EXCESS OF 1.7 MILLION. 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 3, PART X ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE COLLEGE AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE COLLEGE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITION TAKEN BY THE COLLEGE, AND HAS CONCLUDED THAT AS OF JULY 31, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE COLLEGE IS SUBJECT TO ROUTINE AUDITS BY THE TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2010. SCHEDULE D, PAGE 4, PART XI, LINE 2D BOOKSTORE COST OF GOODS SOLD 399,650 SCHEDULE D, PAGE 4, PART XII, LINE 2D BOOKSTORE COST OF GOODS SOLD 399,650 CHANGE IN FAIR VALUE OF ANNUTITY LIABILITY 0 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 PERKINS LOAN FUNDS. THE COLLEGE ADHERES TO ALL POLICIES AND PROCEDURES FOR THE RECORDING AND DISBURSEMENT OF SUCH FUNDS. true FEDERAL PELL GRANT PROGRA 362 1552763 FEDERAL SUPPLEMENTAL EDUC 35 120739 CAP 262 434278 KENTUCKY TUITION GRANT 378 981453 INSTITUTIONAL GRANTS 518 1768165 KEES 338 532491 KY DTD 12 13750 COLLADVANT 1 2400 VA GEAR UP 2 11300 VOCREHAB 5 11700 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. X X false true X false false false false false false false false false JOE STEPP MEMBER 150580 23760 30772 205112 SCHEDULE J, PAGE 1, PART I, LINE 1A 4(B) THE BOARD OF TRUSTEES ESTABLISHED A 457(B) PLAN FOR THE PRESIDENT IN 2005 WITH AN ANNUAL CONTRIBUTION TO THE PLAN BY THE BOARD. THE BOARD REQUESTED AND APPROVED TRAVEL ABROAD FOR THE PRESIDENT AND SPOUSE. SCHEDULE J, PAGE 1, PART I, LINE 1B PAGE 7 OF THE COLLEGE EMPLOYEE HANDBOOK REGARDING TRAVEL TO PROFESSIONAL MEETINGS AND CONFERENCES APPLIES TO ALL EMPLOYEES INCLUDING ADMINISTRATION. ALL TRAVEL VOUCHERS ARE SUPPORTED BY RECEIPTS FOR EXPENDITURES AS REFERENCED ON PAGE 15- TRAVEL ADVANCE. HOUSING IS PROVIDED TO COLLEGE FACULTY AND MOST ADMINISTRATIVE STAFF INCLUDING THE PRESIDENT AND VICE PRESIDENT FOR BUSINESS AFFAIRS AS A CONDITION OF EMPLOYMENT. PAGE 23 OF THE EMPLOYEE HANDBOOK CONTAINS THE HOUSING POLICY. 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: EXCUTIVE 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 2013 WERE 84,992.19. X 5 164214 NYSE AND NASDAQ 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 FOR THE 2013-2014 FISCAL YEAR WHICH INCLUDED 34,798 IN MINORITY GRANTS. THE PROGRAM SERVICE ACCOMPLISHMENTS: 2014 GRADUATING CLASS OF 96 STUDENTS, 32% HAD NO STUDENT LOAN DEBT, WHILE 68% HAD AN AVERAGE DEBT OF 11,181 WHILE ATTENDING ALICE LLOYD COLLEGE. THE ALC EDUCATION DEPARTMENT SUBMITTED A PROPOSAL TO ADOPT A SPECIAL EDUCATION PROGRAM WHICH WAS APPROVED BY THE COUNCIL ON POSTSECONDARY EDUCATION AND SACS ACCREDITING AGENCY. THE PROGRAM IS BEING REVIEWED BY THE PROFESSIONAL STANDARDS BOARD. ALICE LLOYD COLLEGE'S SECONDARY EDUCATION TEACHER PREPARATION PROGRAM WAS RANKED 103RD NATIONALLY AND THE HIGHEST RANKED SECONDARY PROGRAM OF PRIVATE SCHOOLS IN KENTUCKY. THE ELEMENTARY PROGRAM AT ALC WAS RANKED 360TH NATIONALLY, THE THIRD HIGHEST OF ALL PRIVATE COLLEGES IN KENTUCKY. FORM 990, PAGE 2, PART III, LINE 4B COMMUNITY SERVICE EVENTS. JBS STUDENTS, FACULTY, AND PARENTS WERE INVOLVED IN SERVICE PROJECTS TO SUPPORT BREAST CANCER AWARENESS, PROVIDE CHRISTMAS GIFTS AND WINTER COATS FOR CHILDREN, AND RAISE FUNDS FOR THE KNOTT COUNTY/PERRY COUNTY FOSTER CARE PROGRAM. FORM 990, PAGE 2, PART III, LINE 4C OF THE NEW STUDENT WORK AND CAMPUS OUTREACH FACILITY TO BE COMPLETED IN EARLY 2016. ALICE LLOYD COLLEGE (ALC) STUDENTS WERE INVOLVED IN MANY COMMUNITY SERVICE ACTIVITIES DURING THE 2013-2014 FISCAL YEAR. STUDENT ATHLETES PROVIDED SERVICES TO SENIOR CITIZENS DURING THE KENTUCKY RIVER AREA COMMUNITY DEVELOPMENT DISTRICT SENIOR GAMES. ATHLETES GAVE OUT CHRISTMAS GIFTS TO LOCAL YOUTHS AS WELL AS PROVIDED TREATS AT THE ANNUAL ALC HALLOWEEN TRUNK OR TREAT EVENT. ATHLETES ALONG WITH THE IMPACT CLUB ALSO PROVIDED CANNED FOOD TO SERVE NEEDY FAMILIES AND COLLECTED TOYS AND OTHER ITEMS TO PROVIDE CHRISTMAS GIFTS FOR NEEDY CHILDREN. PHI BETA LAMBDA (PBL) SPONSORED A BREAST CANCER AWARENESS CONVOCATION AND WALK TO SUPPORT BREAST CANCER AWARENESS. THE EVENT RAISED FUNDS FOR THE SUSAN G. KOMEN FUND. PBL ALSO DONATED ITEMS FOR THE LOCAL VETERANS CENTER AND SERVED FOOD TO NEEDY FAMILIES AS PART OF KENNY'S KIDS. PBL ALSO PROVIDED SUPPORT FOR THE MARCH OF DIMES. ALICE LLOYD COLLEGE'S BAPTIST COLLEGIATE MINISTRIES (BCM) CHAPTER SPENT MANY HOURS SERVING LOCAL CHILDREN DURING CHRISTMAS WORKING WITH THE OPERATION CHRISTMAS CHILD RELAY CENTER. BCM ALSO VOLUNTEERED WITH SAMARITAN'S PURSE IN THE OPERATION CHRISTMAS CHILD PROCESSING CENTER. FORM 990, PAGE 2, PART III, LINE 4D STUDENT AID EXPENSES 2,065,888. INCLUDING GRANTS OF 2,065,888. REVENUE 0. ACADEMIC EXPENSES 640,508. INCLUDING GRANTS OF 127,113. REVENUE 0. ADMISSIONS EXPENSES 520,696. INCLUDING GRANTS OF 57,384. REVENUE 0. JUNE BUCHANAN EXPENSES 880,276. INCLUDING GRANTS OF 48,600. 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 FORM 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 FINANCIAL AID DIRECTOR 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 BOOKSTORE COST OF GOODS SOLD 399,650 BOOKSTORE COST OF GOODS SOLD -399,650 CHANGE IN FAIR VALUE OF ANNUTITY LIABILITY 0 FORM 990, PART XI, LINE 9 ANNUITY PAYMENTS 57,664 FORM 990, PAGE 12, PART XII, LINE 2C THE BUSINESS AFFAIRS COMMITTEE IS APPOINTED TO REVIEW THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.