Form 990 for tax year 2023

Totals

Total revenue

$30,054,109

Total expenses

$21,889,974

Contributions and grants received

$15,985,045

Grants paid

$2,896,156

Program service revenue

$10,763,316

Investment income

$3,512,362

Other revenue

-$206,614

Total assets, end of year

$166,312,674

Total liabilities, end of year

$4,467,256

Net assets or fund balances, end of year

$161,845,418

Program services expenses (Part IX)

$17,330,204

Management and general expenses

$2,936,889

Fundraising expenses

$1,622,881

Program service expenses (Part III)

$17,330,204

Program services were 79.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• INSTRUCTION ALICE LLOYD COLLEGE (ALC) HAD AN ENROLLMENT OF 565 STUDENTS FOR THE 2022- 2023 ACADEMIC YEAR, COMPRISING 531 FULL-TIME AND 34 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 ALICE LLOYD COLLEGE CONTINUES ITS COMMITMENT TO SUPPORTING ALUMNI THROUGH THE CANEY SCHOLARS PROGRAM, WHICH ASSISTS GRADUATES PURSUING ADVANCED DEGREES IN GRADUATE AND PROFESSIONAL SCHOOLS. FOR THE 2024-2025 ACADEMIC YEAR, 49 CANEY SCHOLARS ARE ACTIVELY ENROLLED IN PROGRAMS, INCLUDING 40 RETURNING SCHOLARS AND 9 NEW SCHOLARS. THE TOP AREAS OF STUDY FOR THESE SCHOLARS INCLUDE 12 IN PHARMACY, 9 IN MEDICAL FIELDS, 7 IN PHYSICAL THERAPY, AND 3 IN NURSING. OTHER FIELDS OF STUDY INCLUDE 2 SCHOLARS EACH IN LAW, OCCUPATIONAL THERAPY, OPTOMETRY, AND PHYSICIAN ASSISTANT PROGRAMS, AS WELL AS 1 SCHOLAR IN ACCOUNTING, BIOMEDICAL SCIENCE, CHEMISTRY, CHIROPRACTIC, DENTISTRY, ENGINEERING, ENGLISH, PODIATRY, SPEECH PATHOLOGY, AND VETERINARY MEDICINE. FIFTEEN CANEY SCHOLARS ARE RESIDING AT THE CANEY COTTAGE IN LEXINGTON, KENTUCKY, DURING THE ACADEMIC YEAR, BENEFITING FROM A SUPPORTIVE COMMUNITY DESIGNED TO HELP THEM SUCCEED. ADDITIONALLY, THE PROGRAM CELEBRATED THE SUCCESS OF 14 SCHOLARS WHO COMPLETED THEIR PROGRAMS OF STUDY DURING THE 2023-2024 ACADEMIC YEAR. THE CANEY SCHOLARS PROGRAM EXEMPLIFIES ALICE LLOYD COLLEGE'S DEDICATION TO FOSTERING ACADEMIC EXCELLENCE AND EMPOWERING ITS ALUMNI TO ACHIEVE PROFESSIONAL SUCCESS IN A DIVERSE RANGE OF FIELDS. ALICE LLOYD COLLEGE PROVIDED SIGNIFICANT FINANCIAL SUPPORT TO ITS STUDENTS DURING THE 2023-2024 FISCAL YEAR, DISTRIBUTING 2,896,156 IN INSTITUTIONAL LEADERSHIP GRANTS AND 380,720 IN INSTITUTIONAL STUDENT WORK GRANTS. THESE INITIATIVES UNDERSCORE THE COLLEGE'S COMMITMENT TO MAKING HIGHER EDUCATION ACCESSIBLE AND AFFORDABLE FOR ITS STUDENTS. IN MAY 2024, THE COLLEGE CELEBRATED THE GRADUATION OF 93 STUDENTS. OF THESE GRADUATES, 46 PERCENT COMPLETED THEIR EDUCATION WITHOUT INCURRING ANY STUDENT LOAN DEBT, WHILE THE REMAINING 54 PERCENT GRADUATED WITH AN AVERAGE DEBT OF 9,960-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.

  Expenses $3,574,761 · Grants $344,292

• 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, AN INCREASE FROM 473 STUDENTS IN FALL 2023. 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 111 STUDENTS FOR FALL 2024, WITH 29 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.

  Expenses $3,027,906 · Grants $210,444

• Withheld by Nonprofiteer: this text may name a private individual.

  Expenses $2,780,660 · Grants $384,435

• ACADEMIC EXPENSES 3,769,726. INCLUDING GRANTS OF 79,741. REVENUE 0. JUNE BUCHANAN EXPENSES 1,144,825. INCLUDING GRANTS OF 56,429. REVENUE 0. STUDENT AID EXPENSES 2,896,156, INCLUDING GRANTS OF 2,896,156. REVENUE 0.

  Expenses $7,946,877 · Grants $3,276,635

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2023

Filed

2 December 2024

IRS schema version

2023v6.0

Source object

202520179349300602

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