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Alice Lloyd College

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 610492351 ✦ Pippa passes, KY ✦ Designated as a 501(c)(3)

Overview

What is Alice Lloyd College?

Alice Lloyd College, located in Pippa Passes, Kentucky, is a nonprofit institution dedicated to providing quality education to mountain students, regardless of their financial ability. With an enrollment of 561 students during the Fall 2023 semester, the college offers full scholarships to students from its 108-county service area, covering all tuition costs. As one of ten work colleges in the nation, Alice Lloyd College requires full-time students to work on campus as a condition for enrollment. The college boasts a strong alumni network, with fifty-six Caney Scholars pursuing degrees in various fields for the 2023-2024 academic year. Top areas of study include pharmacy, medical, physical therapy, law, and engineering, among others. The college supports its students in their academic pursuits, granting 2,776,587 in institutional leadership grants and 716,250 in institutional student work grants during the 2022-2023 fiscal year. Approximately 80% of Alice Lloyd College graduates serve the Appalachian area, and the class of 2023 saw thirty-eight percent graduate with no student loan debt, significantly lower than the national average.


Official website here: www.alc.edu

Is Alice Lloyd College legitimate?

Alice Lloyd College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alice Lloyd College submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $409,709
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,841,184

For more financial information, click here


Official website here: www.alc.edu

What is the mission statement of Alice Lloyd College?

Alice Lloyd College is dedicated to providing mountain students with a quality, character-based education, regardless of their financial situation. No student has ever been denied admission due to an inability to pay. The institution supports its students in their pursuit of higher education, with fifty-six Caney Scholars currently attending graduate and professional schools. The top fields of study for these scholars include pharmacy, medicine, physical therapy, law, and engineering, among others. Alice Lloyd College guarantees full-time students from its 108-county service area no out-of-pocket costs for tuition and requires them to work as a condition for enrollment. In the 2022-2023 academic year, eighteen Caney Scholars resided at the Caney Cottage in Lexington, Kentucky. Additionally, the college awarded 2,776,587 in institutional leadership grants and 716,250 in institutional student work grants during the 2022-2023 fiscal year. Approximately eighty percent of Alice Lloyd College graduates serve the Appalachian area.


Official website here: www.alc.edu

Who is the CEO of Alice Lloyd College?

Jessie Wilks is the Chancellor of Alice Lloyd College.


Official website here: www.alc.edu

What is the revenue of Alice Lloyd College?

Alice Lloyd College's revenue in 2023 was $28,663,945.


Official website here: www.alc.edu

Who are the executives of Alice Lloyd College and what are their salaries?

The average compensation at Alice Lloyd College during 2023 was $23,066. There are 271 employees and 212 volunteers at Alice Lloyd College.

Here are 25 key members and their salaries:

    Joe Stepp (Chancellor)
  • Compensation: $184,113
  • Related: $0
  • Other: $43,273

    • Jessie Wilks (V.P. Busines)
  • Compensation: $89,668
  • Related: $0
  • Other: $32,980

    • Dwight J Baum (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert M Duncan (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Jerry Davis (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerry L Edwards (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julie Davis Hopkins (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Nichols Iii (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert M Duncan Jr (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William J Reik Jr (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kimberly Jones (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hilda G Legg-Potter (Vice Chairma) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry M Leslie Md (Secretary/Tr) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lowell D Martin Md (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rachel D Mullinax (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David W Martin (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Neil Middleton (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ben Park (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen R Sellers (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert W Finley Sr (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Smith (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Thornsberry (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janna P Vice (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Henry Webb (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Anthony Yonts (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.alc.edu

    Where can I find the form 990 for Alice Lloyd College?

    The Alice Lloyd College’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.alc.edu

    Learn more at the official website: www.alc.edu

    Mission Statement of Alice Lloyd College

    Alice Lloyd College, a mission-driven institution, is dedicated to providing mountain students with a quality character-based education, regardless of their financial capabilities. The college, which has never turned away a student due to an inability to pay, is a beacon of opportunity for students from Kentucky, Ohio, Tennessee, Virginia, and West Virginia. With an enrollment of 561 students in the Fall 2023 semester, Alice Lloyd College stands out as one of only ten work colleges in the nation, requiring all full-time students to work as a condition for enrollment.

    The college's commitment to its students extends beyond the classroom. It offers support through its Caney Scholars Program, which helps students pursue degrees at graduate and professional schools. In the 2023-2024 academic year, fifty-six Caney Scholars are pursuing degrees in various fields, with the top areas of study being pharmacy, medicine, physical therapy, law, and engineering. The college's generous grants and student work programs enable students to cover their educational costs and gain valuable work experience. During the 2022-2023 fiscal year, Alice Lloyd College provided 2,776,587 in institutional leadership grants and 716,250 in institutional student work grants.

    The college's commitment to its students goes beyond their academic pursuits. Thirty-eight percent of the Class of 2023 graduated with no student loan debt, and the average loan debt for the remaining students was significantly lower than the national average. Alice Lloyd College's graduates are making a difference in their communities, with approximately 80 percent of them serving the Appalachian area based on research conducted by the Office of Alumni Relations. Alice Lloyd College's mission is to provide mountain students with a quality education and prepare them for leadership and service in the Appalachian region. Through its innovative approach and commitment to its students, Alice Lloyd College continues to make a positive impact on the lives of those it serves.

    Impact

    This information is meant to be a general summary of Alice Lloyd College. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Alice Lloyd College's impact is profoundly felt in the Appalachian region, where it provides quality character-based education to mountain students regardless of their financial ability. By guaranteeing no out-of-pocket costs for tuition to full-time students from a 108-county service area, ALC is breaking down financial barriers to education. Additionally, as one of only ten work colleges in the nation, ALC ensures that all full-time students work as a condition for enrollment, instilling a strong work ethic and practical skills.

    Through its Caney Scholars program, ALC supports many alumni pursuing graduate and professional degrees, with top areas of study ranging from pharmacy to engineering. The college's commitment to reducing student loan debt is evident, with a significant portion of the Class of 2023 graduating debt-free and the average loan debt for remaining students well below the national average.

    Furthermore, ALC's graduates predominantly serve the Appalachian area, demonstrating the college's impact not only on individual students but also on the broader community. Through its dedication to providing accessible education and preparing students for leadership and service, Alice Lloyd College is making a significant difference in the lives of mountain students and the Appalachian region as a whole.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $2,269,267
  • Program Service Revenue: $10,911,614
  • Gross Receipts: $39,627,084

    • Assets and Liabilities:
  • Total Assets: $148,432,903
  • Total Liabilities: $4,647,574
  • Net Assets: $143,785,329
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    STUDENT TUITION & FEES

    Revenue

    $7,195,337

    ROOM & BOARD

    Revenue

    $3,285,520

    JUNE BUCHANAN SCHOOL

    Revenue

    $298,186

    FAC./STAFF HOUSING

    Revenue

    $71,200

    PRE-SCHOOL TUITION

    Revenue

    $61,371

    Organization Details

    Founding Year

    1922

    Principal Officer

    Jessie Wilks

    Main Address

    100 PURPOSE ROAD, PIPPA PASSES, KY, 41844

    NTEE Category

    Code: B420 - Education

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