Alice Lloyd College General Information Contact Information Nonprofit Alice Lloyd College Address 100 Purpose Rd Pippa Passes, KY 41844 Phone (606) 368-6000 Fax 606 368-6210 Email advancement@alc.edu Contact Name Margo Sparkman Web and Social Media Website Facebook Twitter Website Facebook Twitter At A Glance IRS Ruling Year 1955 Former Names Caney Creek Community Center, Inc. Caney Junior College The June Buchanan School 1
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. 2
Statements & Search Criteria 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. 3
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 Primary Organization Category Education / Higher Education 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 4
Letcher County Lewis County Madison County Magoffin County Martin County McCreary Menifee County 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. 5
Impact Impact Goals 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. Strategies 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. Capabilities 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 outof-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. 6
Indicators 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. Progress 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 coalrelated 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. 7
Programs Programs General Support 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 Population Served,, Scholarship Program 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 Population Served,, The June Buchanan School 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,, 8
Caney Cottage Scholarship Program 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 Population Served,, Presidential Scholars Program Description Category 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 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. 9
Leadership & Staff CEO/Executive Director Executive Director Term Start Apr 1999 Email Mr. Joe Alan Stepp 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 Term Start Aug 2011 Dr. James O. Stepp 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? 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 10
Female 52 Unspecified 0 67 Former CEOs Name Term Dr. M. Fred Mullinax Aug 1988 - July 1997 Dr. Timothy T. Siebert Aug 1997 - Apr 1999 Senior Staff Dr. Claude L. Crum Title Experience/Biography VP for Academic Affairs 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. Mr. David R. Johnson Title Experience/Biography VP for Business Affairs 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. Dr. James O. Stepp Title Experience/Biography Executive Vice President 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 CEO/Executive Formal Evaluation Frequency Senior Management Formal Evaluation No Annually No 11
Senior Management Formal Evaluation Frequency NonManagement Formal Evaluation Non Management Formal Evaluation Frequency Annually 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. State Information 12
Plans & Collaborations Plans & Policies Organization has a Fundraising Plan? Organization has a Strategic Plan? Years Strategic Plan Considers 5 Date Strategic Plan Adopted Aug 1990 Management Succession Plan? No Organization Policy and Procedures Nondiscrimination Policy Whistleblower Policy No Document Destruction Policy No Awards Awards Award/Recognition Organization Year #2 in America on Short List for graduating students with least amount of debt. #1 In Alumni Giving Among Regional Colleges & Universities U.S. News & World Report 2014 US News & World Report 2014 #23 In Alumni Giving Nationally US News & World Report 2014 #11 In The Nation for Student Selectivity #3 In Student Selectivity Among Regional Colleges & Universities #2 On The Great Schools, Great Prices list among Southern Regional Colleges One of the 100 Most Financially Fit Colleges in America One of the Most Affordable Colleges in America One of 6 Colleges that Offers Free Tuition One of the Most Affordable Colleges in America US News & World Report 2014 US News & World Report 2014 US News & World Report 2014 Forbes Magazine 2014 NBC - The Today Show 2014 MSN Money 2014 Yahoo! Finance 2014 Government Licenses Is your organization licensed by the Government? No 13
Board & Governance Board Chair Board Chair Mr. Robert M. Duncan Company Affiliation Inez Deposit Bank Term Oct 1978 to Oct 2019 Board Members Name Affiliation Status Mr. Dwight J. Baum Investments Manager Voting Mr. Robert M. Duncan Mr. Robert Michael "Rob" Duncan Jr. President & CEO, Inez Deposit Bank Voting U. S. Attorney's Office Voting Mr. Jerry L. Edwards Teacher Voting Mr. Robert W. Finley Sr. Oppenheimer & Co., Inc. Voting Mrs. Julie Davis Hopkins Mary Kay Sales Director Voting Mr. J. Scott Jennings Peritus Public Relations Voting Mr. Mark T. Johnson Ms. Janice L. Knopp First Washington Investment Advisors JK Consulting, Marketing and Fundraising Consultant Voting Voting Ms. Hilda G. Legg Consultant Voting Dr. Larry M. Leslie Archer Clinic, Medical Doctor Voting Dr. Lowell D. Martin Retired Medical Doctor Voting Mrs. Rachel D. Mullinax Mr. George Nichols III Associate Professor of Accounting, College of the Ozarks Sr. VP, New York Life Insurance Company Voting Voting Mr. Ben Park Medical Doctor Voting Mr. William J. Reik Jr. Reik & Co., LLP Voting Mrs. Karen R. Sellers Consolidated Health Systems, Inc. Voting Mr. Kevin Smith CEO - Well Berri, Inc. Voting Mr. Joe Alan Stepp President, Alice Lloyd College Voting Mr. Henry Webb Superintendent, Floyd County Schools Voting Dr. Anthony Thomas Yonts Quantum Healthcare Voting Board Demographics - Ethnicity African American/Black 2 Asian American/Pacific Islander 0 Caucasian 20 Hispanic/Latino 0 Native American/American Indian 0 14
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? Written Conflict of Interest Policy? 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 Email hildalegg@yahoo.com Risk Management Provisions Accident and Injury Coverage Automobile Insurance Commercial General Liability and D and O and Umbrella or Excess and Automobile and Professional Computer Equipment and Software Day Care Center/Nursery School Directors and Officers Policy Fiduciary Liability Improper Sexual Conduct/Sexual Abuse Life Insurance Medical Health Insurance Workers Compensation and Employers' Liability Standing Committees Education 15
Executive Finance Institutional Advancement Investment Student Affairs By-laws Additional Board Members and Affiliations Name Ms. Brittney Adams Mrs. Marsha Joycelyn Caudill Mr. Gary Conley Mr. Golden Glen Hale Mrs. Desireé Nicole Johnson Dr. Charles Marshall Mrs. Autumn Lace Patton Mrs. Shelia Ratliff Dr. Jerry Wayne Slone Mrs. Earletta Jann Stamper Mr. Charles E. Stamper Dr. Brandon Morris Stapleton DMD Mrs. Pauline Collins Triplett Mrs. Joyce Fields Whitaker Affiliation Letcher County (KY) School System Denham-Blythe Co. Inc., Accountant KY River Coal Corp & KY River Properties Retired from Education Teacher, Elementary Education/English Professor at U.K. Center for Rural Health Knott County (KY) School System Retired Teacher Alice Lloyd College Professor of Accounting Kingsport City Schools, Teacher University of KY Cooperative Extension Service IDENTity Dental Studio Retired Teacher 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. 16
Financials 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 Expenses Fiscal Year 2015 2014 2013 Total Revenue $27,350,237 $19,716,358 $16,320,472 Total Expenses $14,940,578 $14,655,826 $14,111,238 Revenue Sources Fiscal Year 2015 2014 2013 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 Indirect Public Support $0 -- -- Earned Revenue $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 17
Expense Allocation Fiscal Year 2015 2014 2013 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 Expenses 1.83 1.35 1.16 Program Expense/Total Expenses 67% 67% 69% Fundraising Expense/Contributed Revenue 8% 18% 24% Assets and Liabilities Fiscal Year 2015 2014 2013 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 Short Term Solvency Fiscal Year 2015 2014 2013 Current Ratio: Current Assets/Current Liabilities 7.28 3.25 3.23 Long Term Solvency Fiscal Year 2015 2014 2013 Long-Term Liabilities/Total Assets 1% 1% 1% Top Funding Sources Fiscal Year 2015 2014 2013 Top Funding Source & Dollar Amount -- -- -- Second Highest Funding Source & Dollar -- -- -- Amount Third Highest Funding Source & Dollar Amount -- -- -- Capital Campaign Currently in a Capital Campaign? 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? State Registration State Registration 18
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. 19
Documents Form 990s ALC Form 990 ALC Form 990 ALC Form 990 ALC Form 990 ALC Form 990 ALC Form 990 ALC Form 990 ALC 990 Form ALC 990 Form ALC 990 Form Audit Documents ALC 2016 Audit Report ALC 2015 Audit Report ALC 2014 Audit Report ALC 2013 Audit Report ALC 2012 Audit Report ALC 2011 Audit Report ALC 2010 Audit Report ALC 2009 Audit Report Audit ALC 2008 Audit Report ALC 2007 Audit Report Created 02.12.2018. Copyright 2018 Blue Grass Community Foundation 20