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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.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$30.1M
Program Spending
79%
of total expenses go to program services
Total Contributions
$16M
Total Expenses
▼$21.9M
Total Assets
$166.3M
Total Liabilities
▼$4.5M
Net Assets
$161.8M
Officer Compensation
→$514.6K
Other Salaries
$5.9M
Investment Income
$3.5M
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$4.6M
Awards Found
3
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Education | CARES ACT HIGHER EDUCATION EMERGENCY RELIEF FUND - INSTITUTIONAL PORTION | $2.5M | FY2020 | Jul 2020 – Feb 2022 | Open → |
| Department of Education | CARES ACT HIGHER EDUCATION EMERGENCY RELIEF FUNE | $1.9M | FY2020 | May 2020 – Feb 2022 | Open → |
| Department of Education | CARES ACT - STRENGTHENING INSTITUTIONS PROGRAM | $192K | FY2020 | Jul 2020 – Nov 2022 | Open → |
Department of Education
$2.5M
CARES ACT HIGHER EDUCATION EMERGENCY RELIEF FUND - INSTITUTIONAL PORTION
Department of Education
$1.9M
CARES ACT HIGHER EDUCATION EMERGENCY RELIEF FUNE
Department of Education
$192K
CARES ACT - STRENGTHENING INSTITUTIONS PROGRAM
Source: Federal Audit Clearinghouse (fac.gov)
Years audited
10
Clean years
10
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditurecombined across all audits filed that year | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $4.1M | Yes | 2026-02-06 |
| 2024 | Clean | Unmodified (Clean) | $4.1M | Yes | 2024-10-21 |
| 2023 | Clean | Unmodified (Clean) | $4.3M | Yes | 2023-11-15 |
| 2022 | Clean | Unmodified (Clean) | $7M | Yes | 2022-11-07 |
| 2021 | Clean | Unmodified (Clean) | $6.1M | Yes | 2021-10-28 |
| 2020 | Clean | Unmodified (Clean) | $4.6M | Yes | 2020-10-29 |
| 2019 | Clean | Unmodified (Clean) | $4.2M | Yes | 2019-11-07 |
| 2018 | Clean | Unmodified (Clean) | $4.3M | Yes | 2018-10-28 |
| 2017 | Clean | Unmodified (Clean) | $4.4M | Yes | 2017-11-20 |
| 2016 | Clean | Unmodified (Clean) | $4.3M | Yes | 2016-11-24 |
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$4.1M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$4.1M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$4.3M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$7M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$6.1M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$4.6M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$4.2M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$4.3M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$4.4M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$4.3M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $30.1M | $16M | $21.9M | $166.3M | $161.8M |
| 2022 | $30.6M | $16.6M | $19.8M | $136.4M | $132.1M |
| 2021 | $27.1M | $12.6M | $18.7M | $131.4M | $128M |
| 2020 | $24.8M | $14M | $17.3M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Jessie Wilks | V.p. Busines | 50 | $91K | $0 | $51K | $142.1K |
| Robert M Duncan | Chairman | — | $0 | $0 | $0 | $0 |
| Hilda G Legg-Potter | Vice Chairma | — | $0 | $0 | $0 | $0 |
| Larry M Leslie Md | Secretary/tr | — | $0 | $0 | $0 | $0 |
Jessie Wilks
V.p. Busines
$142.1K
Hrs/Wk
50
Compensation
$91K
Related Orgs
$0
Other
$51K
Robert M Duncan
Chairman
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Hilda G Legg-Potter
Vice Chairma
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Larry M Leslie Md
Secretary/tr
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Jim Stepp | President | 70 | $192K | $0 | $15.3K | $207.3K |
| Joe Stepp | Chancellor | 70 | $180.7K | $0 | $0 | $180.7K |
Jim Stepp
President
$207.3K
Hrs/Wk
70
Compensation
$192K
Related Orgs
$0
Other
$15.3K
Joe Stepp
Chancellor
$180.7K
Hrs/Wk
70
Compensation
$180.7K
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Ben Park | Member | — | $0 | $0 | $0 | $0 |
| Dr Anthony Yonts | Member | — | $0 | $0 | $0 | $0 |
| Dr Jerry Davis | Member | — | $0 | $0 | $0 | $0 |
| Dwight J Baum | Member | — | $0 | $0 | $0 | $0 |
| George Nichols Iii | Member | — | $0 | $0 | $0 | $0 |
| Henry Webb | Member | — |
Ben Park
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Dr Anthony Yonts
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Dr Jerry Davis
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
| $112.5M |
| $109.9M |
| 2019 | $26.1M | $14.2M | $16.9M | $103.4M | $100.7M |
| 2018 | $21.5M | $9.3M | $16.5M | $93.7M | $91M |
| 2017 | $17.5M | $6.4M | $15.9M | $88.2M | $85.5M |
| 2016 | $17M | $5.3M | $15.4M | $84.5M | $81.8M |
| 2015 | $27.4M | $16.7M | $14.9M | $81.9M | $79.9M |
| 2014 | $19.7M | $8.2M | $14.7M | $69.7M | $68.1M |
| 2013 | $16.3M | $5.8M | $14.1M | $63.5M | $62.3M |
| 2012 | $14.7M | $5.3M | $13.5M | $60M | $58.7M |
| 2022 | 990 | Data |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | — |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| $0 |
| $0 |
| $0 |
| $0 |
| James Ayers | Member | — | $0 | $0 | $0 | $0 |
| Janna P Vice | Member | — | $0 | $0 | $0 | $0 |
| Jerry L Edwards | Member | — | $0 | $0 | $0 | $0 |
| Julie Davis Hopkins | Member | — | $0 | $0 | $0 | $0 |
| Karen R Sellers | Member | — | $0 | $0 | $0 | $0 |
| Kevin Smith | Member | — | $0 | $0 | $0 | $0 |
| Kimberly Jones | Member | — | $0 | $0 | $0 | $0 |
| Lowell D Martin Md | Member | — | $0 | $0 | $0 | $0 |
| Paul Thornsberry | Member | — | $0 | $0 | $0 | $0 |
| Rachel D Mullinax | Member | — | $0 | $0 | $0 | $0 |
| Robert M Duncan Jr | Member | — | $0 | $0 | $0 | $0 |
| Robert W Finley Sr | Member | — | $0 | $0 | $0 | $0 |
| Steven Neil Middleton | Member | — | $0 | $0 | $0 | $0 |
| William J Reik Jr | Member | — | $0 | $0 | $0 | $0 |
Dwight J Baum
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
George Nichols Iii
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Henry Webb
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
James Ayers
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Janna P Vice
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Jerry L Edwards
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Julie Davis Hopkins
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Karen R Sellers
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Kevin Smith
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Kimberly Jones
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Lowell D Martin Md
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Paul Thornsberry
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Rachel D Mullinax
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Robert M Duncan Jr
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Robert W Finley Sr
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Steven Neil Middleton
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
William J Reik Jr
Member
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0