ALICE LLOYD COLLEGE Charity Report

Public IRS 990 nonprofit record

ALICE LLOYD COLLEGE

EIN 61-0492351 · Education (B420)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $81.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders25 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

44.71%of revenue went to mission work81.6% of expenses · Program services

3.78%of revenue went to fundraising6.9% of expenses

$54.76spent for every $100 of revenueRevenue covered expenses this year.

6.26%of revenue went to management and office costs11.4% of expenses

$7.95in assets for every $1 spent this yearSome assets cannot be spent right away.

59.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $204,406 for JIM STEPP (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$44,228,470

Mission workProgram services$19,776,19844.71% of revenue81.6% of expenses

ManagementOffice and general costs$2,770,8706.26% of revenue11.4% of expenses

FundraisingAsking for donations$1,673,9313.78% of revenue6.9% of expenses

Revenue left after expensesReported annual surplus$20,007,47145.24% of revenueShown in gray on the chart

Total expenses$24,220,99954.76% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 81.6% mission · 11.4% management · 6.9% fundraisingTotal expenses: 54.76% of revenue

2023Expense mix: 79.2% mission · 13.4% management · 7.4% fundraisingTotal expenses: 72.84% of revenue

2022Expense mix: 77.6% mission · 14.5% management · 8.0% fundraisingTotal expenses: 73.05% of revenue

2021Expense mix: 79.8% mission · 11.7% management · 8.5% fundraisingTotal expenses: 64.71% of revenue

2020Expense mix: 80.2% mission · 11.2% management · 8.6% fundraisingTotal expenses: 69.03% of revenue

2019Expense mix: 79.6% mission · 11.6% management · 8.8% fundraisingTotal expenses: 69.51% of revenue

2018Expense mix: 70.3% mission · 20.8% management · 8.8% fundraisingTotal expenses: 64.78% of revenue

2017Expense mix: 65.4% mission · 24.9% management · 9.7% fundraisingTotal expenses: 76.67% of revenue

Money in and money out

Revenue$44,228,470

Expenses$24,220,999

Annual surplus $20,007,471 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$19,776,198 · 81.6% of expenses

Management and office costs$2,770,870 · 11.4% of expenses

Fundraising$1,673,931 · 6.9% of expenses

See all reported dollar amounts

Revenue$44,228,470

Expenses$24,220,999

Assets$192,471,009

Income$53,330,028

Contributions$26,483,653

Mission work (program services)$19,776,198

Fundraising$1,673,931

Management and general$2,770,870

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JIM STEPPPRESIDENT · 70 hrs/week $204,406Base $192,000 · Other $12,406

JESSIE WILKSV.P. BUSINES · 50 hrs/week $141,799Base $92,824 · Other $48,975

JOE STEPPCHANCELLOR · 70 hrs/week $130,846Base $103,846 · Other $27,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (25)

JIM STEPPPRESIDENT

JESSIE WILKSV.P. BUSINES

JOE STEPPCHANCELLOR

WILLIAM J REIK JRMEMBER

BEN PARKMEMBER

STEVEN NEIL MIDDLETONMEMBER

ROBERT W FINLEY SRMEMBER

ROBERT DUNCANCHAIRMAN

RACHEL D MULLINAXMEMBER

PAUL THORNSBERRYMEMBER

LARRY M LESLIE MDSECRETARY/TR

KIMBERLY JONESMEMBER

KEVIN SMITHMEMBER

KAREN R SELLERSMEMBER

JULIE DAVIS HOPKINSMEMBER

JERRY L EDWARDSMEMBER

JANNA P VICEMEMBER

JAMES AYERSMEMBER

HILDA G LEGG-POTTERMEMBER

HENRY WEBBMEMBER

GEORGE NICHOLS IIIMEMBER

DWIGHT J BAUMMEMBER

DR JERRY DAVISMEMBER

DR ANTHONY YONTSVICE CHARIMA

CHARLES HUGHESMEMBER

About this charity

Recognized since: January 1955
Location: 100 PURPOSE ROAD, PIPPA PASSES, KY 41844
County: Knott
In care of: JESSIE WILKS
Primary officer: JESSIE WILKS, V.P. BUSINESS AFFAIR

How to reach them

WebsiteVisit the charity’s website Phone(606) 368-2101 Officer phone(606) 368-6031

Filing and classification

Latest tax year: 2024
Tax period began: August 1, 2024
Return type: 990
Tax preparer: KELLEY GALLOWAY SMITH GOOLSBY PSC
NTEE classification: Education (B420)