Alice Lloyd College

“James o. Stepp joe stepp president chancellor brothers”

“Management has been appointed to review the form 990 as part of the annual reporting process. The governing body will receive a copy of the completed form 990 in december, accompanied by a letter requesting that any questions or concerns be directed to the vice president for business affairs. Internally, the review process involves key personnel, including the president, executive secretary, vice president for business affairs, controller, and director of human resources. Preparation and editing of various sections of the form 990 are conducted collaboratively, with contributions from the vice president for institutional advancement, the provost, and the executive director of institutional effectiveness and accreditation. These individuals work with input from all departments to ensure the report is accurate and comprehensive. This thorough review process reflects the college's commitment to transparency and accountability.”

“Alice lloyd college maintains a robust conflict of interest policy, which includes an annual conflict of interest disclosure document that all trustees and executive directors are required to sign, with their signatures witnessed. Each year, the disclosure document is distributed to trustees in october. The secretary to the president monitors compliance by following up with individuals who do not return their signed documents within a reasonable timeframe. To ensure ongoing awareness and adherence, the conflict-of-interest policy has been reviewed annually under college governance since its inclusion in the january 2010 executive report. This practice reinforces the college's commitment to ethical governance and accountability.”

“The president's salary at alice lloyd college is determined by the board of trustees based on the recommendation of the executive committee. For other employees, the president makes salary increase recommendations to the executive committee and the board. To ensure salaries remain competitive and aligned with industry standards, the president periodically (every 2-3 years) requests a comparative salary list from the association of independent kentucky colleges and universities (aikcu). This process underscores the college's commitment to fairness and accountability in compensation practices.”

“The president's salary at alice lloyd college is established by the board of trustees based on a recommendation from the executive committee. Additionally, the president provides recommendations to the executive committee and the board regarding pay increases for line officers and other college employees. To ensure equitable and competitive compensation, the president periodically (every 2-3 years) requests a comparative salary list from the association of independent kentucky colleges and universities (aikcu). This process reflects the college's commitment to maintaining fairness and alignment with regional salary standards.”

“AVAILABLE UPON REQUEST.”

“The mission of alice lloyd college is to educate mountain people for positions of leadership by making an alice lloyd college education accessible to qualified mountain students regardless of their financial situation. The college provides a high-quality academic program with a strong emphasis on the liberal arts and promotes a work ethic through its self-help student work program, in which all full-time students participate. Alice lloyd college fosters an atmosphere where christian values are upheld, encouraging high personal standards and character development. Additionally, the college serves the community and region through outreach programs that embrace the philosophy of mountain people helping mountain people. Alice lloyd college supports deserving students in pursuing advanced study beyond their program at the college and aims to produce leaders for appalachia who embody high moral and ethical values, self-reliance, and a commitment to serving others.”

“Instruction alice lloyd college (alc) had an enrollment of 561 students for the 2023- 2024 academic year, comprising 524 full-time and 11 part-time students. Full-time students from the college's 108-county service area-which includes parts of kentucky, ohio, tennessee, virginia, and west virginia- are guaranteed 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 gatton-winston scholars program (formerly known as caney scholars). This year, fifty-four gatton-winston scholars are pursuing degrees. For the 2025-2026 academic year (thirty-seven returning scholars and seventeen new scholars). The top areas of study for our scholars are: 17 - pharmacy, 9 - medical, 6 - physical therapy, 3 - nursing, communication, and law, 2 - dentistry, physician assistant, optometry, and occupational therapy, as well as 1 - biomedical studies, engineering, chemistry, english and chiropractic. Over the course of the year twenty- four gatton-winston scholars will be residing at gatton-winston hall, otherwise known as the caney cottage in lexington, kentucky. Thirteen scholars completed their programs of study during the 2024-2025 academic year. Alice lloyd college provided significant financial support to its students during the 2024-2025 fiscal year, distributing 2,896,156 in institutional leadership grants and 309,511 in institutional student work grants. These initiatives underscore the college's commitment to making higher education accessible and affordable for its students. In may 2025, the college celebrated the graduation of 91 students. Of these graduates, 41 percent completed their education without incurring any student loan debt, while the remaining 59 percent graduated with an average debt of 9,357-a testament to the college's efforts to minimize financial burdens. Furthermore, research conducted by the office of alumni relations indicates that approximately 80 percent of alice lloyd college graduates go on to serve the appalachian region, reflecting the institution's mission to produce leaders dedicated to uplifting their communities.”

“Auxiliary alice lloyd college's auxiliary services encompass housing, the meal plan, the campus bookstore, concessions, and the caf. The campus has a housing capacity for 650 students, with 500 students living in dorms during fall 2024. In spring 2023, the college discontinued its contract with an online book retailer to transition to open educational resources (oer). Oer offers free and accessible teaching, learning, and research materials in the public domain or under licenses that allow use and adaptation, helping to keep costs minimal for students. To further support this initiative, the college allocated 100,000, approved by the board of directors in fall 2023, to purchase textbooks for courses where oer options are unavailable. The june buchanan school (jbs) reported an enrollment of 118 students for fall 2025, with 32 of these students enrolled in alice lloyd college courses for the semester. Through the caney honors achievement program (chap), jbs students have the opportunity to challenge themselves academically by earning college credits while still in high school. This program enhances their learning experience and helps them prepare for higher education.”

“Student services alice lloyd college offers a wide range of student services designed to enhance the student experience and support personal and academic growth. These programs include leadership development, education, athletics, intramural sports, counseling, career placement, and a student activities board that organizes a comprehensive activity calendar each semester. Additionally, the college provides dining and dormitory facilities to support campus life. The first-year foundations program assists students in transitioning from high school to college, while the convocation series enriches their educational journey through guest lectures and cultural events. The college also maintains a campus police department to ensure safety and security, along with orientations in the summer and fall to help students acclimate to college life. Together, these services reflect the college's commitment to fostering a well-rounded, supportive, and engaging environment for its students. Construction projects/campus improvements since the beginning of 2023, alice lloyd college has completed several significant capital projects, enhancing campus infrastructure and fostering a better environment for students and the community-all achieved without incurring any debt. Among these projects is the completion of holmes hall, the second and final women's residence hall on campus, which provides modern and comfortable accommodations for female students. This milestone represents a key achievement in the college's residential expansion plan, with the total cost for the women's residence halls amounting to 19 million. Additionally, the college completed the chapel bell tower, a stunning architectural centerpiece that symbolizes the college's values and traditions while enhancing the campus's spiritual and communal atmosphere. This project was completed at a cost of 1.3 million. In response to the catastrophic flood of 2022, the college also undertook a comprehensive 8 million stream mitigation project to restore and strengthen the affected areas. This initiative involved constructing retaining walls, installing safety fencing, and laying new asphalt to repair pathways and roadways damaged by the flood. The project not only restored the campus but also improved its resilience against future environmental challenges. These projects, totaling 28.3 million, showcase alice lloyd college's commitment to providing a safe, inspiring, and high- quality environment for its students and the wider community, while maintaining its longstanding tradition of fiscal responsibility. Over the past year, the college has continued making significant upgrades to both howard hall and berger hall, focusing on improving student safety, functionality, and long-term asset preservation. The project has included targeted upgrades to the building envelope, exterior finishes, and related structural components, addressing deferred maintenance issues and enhancing the overall durability of the facilities. These improvements support the college's mission by providing safe, well-maintained residential housing for students while extending the useful life of campus infrastructure and reducing future maintenance needs. Throughout the fiscal year, approximately 1.7 million was invested in these improvements, with total building renovations projected to reach approximately 3 million upon completion in fiscal year 2026-2027. Community service projects alice lloyd college's campus ministry, academic fraternity phi beta lambda (pbl), athletics, and student services collaborated throughout the year to address community needs and provide impactful outreach. Phi beta lambda significantly expanded its "sack pack" program, increasing the number of weekly food deliveries to local needy elementary students from 30 to 60. Additionally, pbl began supporting a second school, ensuring even more children received necessary resources. During the 2024-2025 academic year, fbla collegiate actively engaged i”

“Academic expenses 5,361,270. Including grants of 79,741. Revenue 0. June buchanan expenses 1,252,717. Including grants of 56,429. Revenue 0. Student aid expenses 2,739,572, including grants of 2,739,572. Revenue 0.”

“Annuity payments -125,585”