- Revenue 2024
- $44,228,470
- Expenses 2024
- $24,220,999
Program services were 81.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- B420
- Classification
- 2000
- Street
- 100 PURPOSE RD
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
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.
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
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
The first 25 listed. 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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $44,228,470
- Expenses
- $24,220,999
- Contributions
- $26,483,653
- Grants paid
- $2,739,572
-
2023
- Revenue
- $30,054,109
- Expenses
- $21,889,974
- Contributions
- $15,985,045
- Grants paid
- $2,896,156
-
2022
- Revenue
- $28,663,945
- Expenses
- $20,939,517
- Contributions
- $15,932,153
- Grants paid
- $2,776,587
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2021 · 990
- Revenue
- $30,649,937
- Expenses
- $19,834,756
- Assets (EOY)
- $136,427,755
-
2020 · 990
- Revenue
- $27,107,550
- Expenses
- $18,711,095
- Assets (EOY)
- $131,435,414
-
2019 · 990
- Revenue
- $24,831,207
- Expenses
- $17,259,360
- Assets (EOY)
- $112,488,977
-
2018 · 990
- Revenue
- $26,102,539
- Expenses
- $16,909,892
- Assets (EOY)
- $103,393,374
-
2017 · 990
- Revenue
- $21,534,904
- Expenses
- $16,511,627
- Assets (EOY)
- $93,675,943
-
2016 · 990
- Revenue
- $17,530,398
- Expenses
- $15,866,157
- Assets (EOY)
- $88,203,109
-
2015 · 990
- Revenue
- $17,018,380
- Expenses
- $15,404,854
- Assets (EOY)
- $84,452,358
-
2014 · 990
- Revenue
- $27,350,237
- Expenses
- $14,940,578
- Assets (EOY)
- $81,891,084
-
2013 · 990
- Revenue
- $19,716,358
- Expenses
- $14,655,826
- Assets (EOY)
- $69,687,648
-
2012 · 990
- Revenue
- not reported
- Expenses
- $14,111,238
- Assets (EOY)
- $63,548,059
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.
Grants made
No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.
Grants received
-
2023 For grant recipient's exempt purposes
-
2024 For grant recipient's exempt purposes
-
2022 For grant recipient's exempt purposes
-
2022 FOR RECIPIENT'S EXEMPT PURPOSE
-
2023 GROWTH
-
DONOR ADVISED CHARITABLE GIVING
$100,475
2024 RELIGION RELATED
-
DONOR ADVISED CHARITABLE GIVING
$95,350
2023 RELIGION RELATED
-
DONOR ADVISED CHARITABLE GIVING
$80,181
2022 RELIGION RELATED
-
2024 COLLEGES AND UNIVERSITIES
-
$58,000
2024 EDUCATIONAL
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations
From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.
Declared as related by
-
ASSOCIATION OF INDEPENDENT KENTUCY COLLEGE AND UNIVERSITIES INC
On its 2024 return
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 13 October 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.