Form 990 for tax year 2024

Filed by CANEY CREEK COMMUNITY CENTER.

Totals

Total revenue: $44,228,470
Total expenses: $24,220,999
Contributions and grants received: $26,483,653
Grants paid: $2,739,572
Program service revenue: $11,306,701
Investment income: $6,816,722
Other revenue: -$378,606
Total assets, end of year: $192,471,009
Total liabilities, end of year: $3,797,915
Net assets or fund balances, end of year: $188,673,094
Program services expenses (Part IX): $19,776,198
Management and general expenses: $2,770,870
Fundraising expenses: $1,673,931
Program service expenses (Part III): $19,776,198

Program services were 81.6% 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.

Revenue

Part VIII, the statement of revenue.

1e · Government grants (contributions)

$1,218,203
1f · All other contributions, gifts and grants

$25,265,450
1g · Noncash contributions included above

$778,729
2a · Program service revenue: STUDENT TUITION & FEES

total $7,074,527 · related or exempt $7,074,527
2b · Program service revenue: ROOM & BOARD

total $3,789,453 · related or exempt $3,789,453
2c · Program service revenue: JUNE BUCHANAN SCHOOL

total $300,923 · related or exempt $300,923
2d · Program service revenue: FAC./STAFF HOUSING

total $86,912 · related or exempt $86,912
2e · Program service revenue: PRE-SCHOOL TUITION

total $54,886 · related or exempt $54,886
3 · Investment income

total $4,634,975 · excluded $4,634,975
7a · Gross sales of assets other than inventory

securities $11,000,973
7b · Less cost or other basis and sales expenses

securities $8,819,226
7c · Gain or loss

securities $2,181,747
7d · Net gain or loss

total $2,181,747 · related or exempt $2,181,747
10a · Gross sales of inventory

$92,963
10b · Cost of goods sold

$282,332
10c · Net income from sales of inventory

total -$189,369 · related or exempt -$189,369
11a · Other revenue: CHANGE IN DISCOUNT & ALLOWANC

total $449,818 · related or exempt $449,818
11b · Other revenue: OTHER AUXILIARY INCOME

total $26,010 · related or exempt $26,010
11c · Other revenue: OTHER INCOME

total -$320,447 · related or exempt -$320,447
11d · All other revenue

total -$344,618 · related or exempt -$344,618
11e · Other revenue, total

-$189,237

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $2,739,572 · program services $2,739,572
5 · Compensation of officers, directors and key employees

total $602,739 · program services $245,494 · management and general $165,245 · fundraising $192,000
7 · Other salaries and wages

total $5,811,294 · program services $4,763,006 · management and general $812,960 · fundraising $235,328
9 · Other employee benefits

total $1,837,435 · program services $1,400,661 · management and general $312,495 · fundraising $124,279
11b · Fees: legal

total $23,765 · management and general $23,765
11g · Fees: other

total $298,749 · program services $125,898 · management and general $172,851
12 · Advertising and promotion

total $90,021 · management and general $90,021
13 · Office expenses

total $1,444,097 · program services $339,900 · management and general $69,009 · fundraising $1,035,188
14 · Information technology

total $7,783 · program services $6,785 · management and general $998
16 · Occupancy

total $337,624 · program services $337,624
17 · Travel

total $220,462 · program services $122,401 · management and general $63,811 · fundraising $34,250
22 · Depreciation, depletion and amortization

total $4,485,467 · program services $4,417,953 · management and general $38,499 · fundraising $29,015
23 · Insurance

total $569,399 · management and general $569,399
24a · Other expenses: OPERATION AND MAINTENANCE

total $1,745,294 · program services $1,719,024 · management and general $14,980 · fundraising $11,290
24b · Other expenses: OTHER

total $1,366,408 · program services $944,538 · management and general $409,289 · fundraising $12,581
24c · Other expenses: FOOD COSTS

total $1,000,810 · program services $1,000,810
24d · Other expenses: TELEPHONE

total $827,272 · program services $799,724 · management and general $27,548
24e · All other expenses

total $812,808 · program services $812,808

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $10,585,769 · end of year $13,145,281
3 · Pledges and grants receivable

end of year $5,550,182
8 · Inventories for sale or use

beginning of year $27,393 · end of year $49,067
9 · Prepaid expenses and deferred charges

beginning of year $236,449 · end of year $373,664
10a · Land, buildings and equipment: cost or other basis

$112,033,483
10b · Land, buildings and equipment: accumulated depreciation

$44,217,245
10c · Land, buildings and equipment, net

beginning of year $66,445,844 · end of year $67,816,238
12 · Investments: other securities

beginning of year $87,663,268 · end of year $103,545,373
15 · Other assets

beginning of year $1,353,951 · end of year $1,991,204
17 · Accounts payable and accrued expenses

beginning of year $3,395,394 · end of year $2,416,297
19 · Deferred revenue

beginning of year $39,830 · end of year $34,683
25 · Other liabilities

beginning of year $1,032,032 · end of year $1,346,935
27 · Net assets without donor restrictions

beginning of year $122,234,123 · end of year $135,536,825
28 · Net assets with donor restrictions

beginning of year $39,611,295 · end of year $53,136,269

Mission and programs · 2024

Mission

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.

Expenses $3,680,876 · Grants $344,092
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.

Expenses $3,369,497 · Grants $210,444
Withheld by Nonprofiteer: this text may name a private individual.

Expenses $3,236,096 · Grants $384,435
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.

Expenses $9,489,729 · Grants $3,077,258

As filed on the 2024 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

Jim SteppJIM STEPP

PRESIDENT

Total calculated

$204,406

From this org

$192,000

From related orgs

$0

Other

$12,406

Hours/week

70

Schedule J breakdown matched by us

Base

$192,000

Bonus

not reported

Other

not reported

Deferred

$12,406

Nontaxable benefits

not reported

Filer's total

$204,406
Jessie WilksJESSIE WILKS

V.P. BUSINES

Total calculated

$141,799

From this org

$92,824

From related orgs

$0

Other

$48,975

Hours/week

50
Joe SteppJOE STEPP

CHANCELLOR

Total calculated

$130,846

From this org

$103,846

From related orgs

$0

Other

$27,000

Hours/week

70
James AyersJAMES AYERS

MEMBER

Total calculated

$0
Dwight J BaumDWIGHT J BAUM

MEMBER

Total calculated

$0
Robert DuncanROBERT DUNCAN

CHAIRMAN

Total calculated

$0
Dr Jerry DavisDR JERRY DAVIS

MEMBER

Total calculated

$0
Jerry L EdwardsJERRY L EDWARDS

MEMBER

Total calculated

$0
Julie Davis HopkinsJULIE DAVIS HOPKINS

MEMBER

Total calculated

$0
Charles HughesCHARLES HUGHES

MEMBER

Total calculated

$0
George Nichols IIIGEORGE NICHOLS III

MEMBER

Total calculated

$0
William J Reik JrWILLIAM J REIK JR

MEMBER

Total calculated

$0
Kimberly JonesKIMBERLY JONES

MEMBER

Total calculated

$0
Hilda G Legg-PotterHILDA G LEGG-POTTER

MEMBER

Total calculated

$0
Larry M Leslie MDLARRY M LESLIE MD

SECRETARY/TR

Total calculated

$0
Rachel D MullinaxRACHEL D MULLINAX

MEMBER

Total calculated

$0
Steven Neil MiddletonSTEVEN NEIL MIDDLETON

MEMBER

Total calculated

$0
Ben ParkBEN PARK

MEMBER

Total calculated

$0
Karen R SellersKAREN R SELLERS

MEMBER

Total calculated

$0
Robert W Finley SrROBERT W FINLEY SR

MEMBER

Total calculated

$0
Kevin SmithKEVIN SMITH

MEMBER

Total calculated

$0
Paul ThornsberryPAUL THORNSBERRY

MEMBER

Total calculated

$0
Janna P ViceJANNA P VICE

MEMBER

Total calculated

$0
Henry WebbHENRY WEBB

MEMBER

Total calculated

$0
Dr Anthony YontsDR ANTHONY YONTS

VICE CHARIMA

Total calculated

$0

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

Answered yes

1a · Travel for companions
1a · Housing allowance or residence for personal use
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

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: 2024
Filed: 6 February 2026
IRS schema version: 2024v5.0
Source object: 202600419349300310

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