Overview
What is Alice Lloyd College?
Alice Lloyd College, located in Pippa Passes, Kentucky, is a nonprofit institution dedicated to providing quality education to mountain students, regardless of their financial ability. With an enrollment of 561 students during the Fall 2023 semester, the college offers full scholarships to students from its 108-county service area, covering all tuition costs. As one of ten work colleges in the nation, Alice Lloyd College requires full-time students to work on campus as a condition for enrollment. The college boasts a strong alumni network, with fifty-six Caney Scholars pursuing degrees in various fields for the 2023-2024 academic year. Top areas of study include pharmacy, medical, physical therapy, law, and engineering, among others. The college supports its students in their academic pursuits, granting 2,776,587 in institutional leadership grants and 716,250 in institutional student work grants during the 2022-2023 fiscal year. Approximately 80% of Alice Lloyd College graduates serve the Appalachian area, and the class of 2023 saw thirty-eight percent graduate with no student loan debt, significantly lower than the national average.
Official website here: www.alc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Alice Lloyd College has received a Four-Star rating from Charity Navigator, indicating a high level of accountability and finance management. The score reflects excellence in maintaining an independent board, with all members being independent and a significant focus on transparent financial practices. The college has demonstrated strong financial oversight, with no material diversions of assets and a solid program expense ratio of 79.13%.
The organization excels in several key areas, such as having a well-structured audit and oversight committee and a favorable liabilities to assets ratio of just 3.13%. While the college performs admirably in most metrics, a notable limitation is the absence of a whistleblower policy, which may raise concerns about internal reporting mechanisms.
Overall, Alice Lloyd College showcases strength in financial integrity and governance, making it a trustworthy nonprofit. However, enhancing policies related to whistleblower protections could further bolster its accountability framework.
This AI summary has been generated from information found on Charity Navigator.
Is Alice Lloyd College legitimate?
Alice Lloyd College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alice Lloyd College submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $409,709
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,841,184
For more financial information, click here
Official website here: www.alc.edu
What is the mission statement of Alice Lloyd College?
Alice Lloyd College is dedicated to providing mountain students with a quality, character-based education, regardless of their financial situation. No student has ever been denied admission due to an inability to pay. The institution supports its students in their pursuit of higher education, with fifty-six Caney Scholars currently attending graduate and professional schools. The top fields of study for these scholars include pharmacy, medicine, physical therapy, law, and engineering, among others. Alice Lloyd College guarantees full-time students from its 108-county service area no out-of-pocket costs for tuition and requires them to work as a condition for enrollment. In the 2022-2023 academic year, eighteen Caney Scholars resided at the Caney Cottage in Lexington, Kentucky. Additionally, the college awarded 2,776,587 in institutional leadership grants and 716,250 in institutional student work grants during the 2022-2023 fiscal year. Approximately eighty percent of Alice Lloyd College graduates serve the Appalachian area.
Official website here: www.alc.edu
Who is the CEO of Alice Lloyd College?
Jessie Wilks is the Chancellor of Alice Lloyd College.
Official website here: www.alc.edu
What is the revenue of Alice Lloyd College?
Alice Lloyd College's revenue in 2023 was $28,663,945.
Official website here: www.alc.edu
Who are the executives of Alice Lloyd College and what are their salaries?
The average compensation at Alice Lloyd College during 2023 was $23,066. There are 271 employees and 212 volunteers at Alice Lloyd College.
Here are 25 key members and their salaries:
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Official website here: www.alc.edu
Where can I find the form 990 for Alice Lloyd College?
Alice Lloyd College's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.alc.edu
Learn more at the official website: www.alc.edu
Mission Statement of Alice Lloyd College
Alice Lloyd College, a mission-driven institution, is dedicated to providing mountain students with a quality character-based education, regardless of their financial capabilities. The college, which has never turned away a student due to an inability to pay, is a beacon of opportunity for students from Kentucky, Ohio, Tennessee, Virginia, and West Virginia. With an enrollment of 561 students in the Fall 2023 semester, Alice Lloyd College stands out as one of only ten work colleges in the nation, requiring all full-time students to work as a condition for enrollment.
The college's commitment to its students extends beyond the classroom. It offers support through its Caney Scholars Program, which helps students pursue degrees at graduate and professional schools. In the 2023-2024 academic year, fifty-six Caney Scholars are pursuing degrees in various fields, with the top areas of study being pharmacy, medicine, physical therapy, law, and engineering. The college's generous grants and student work programs enable students to cover their educational costs and gain valuable work experience. During the 2022-2023 fiscal year, Alice Lloyd College provided 2,776,587 in institutional leadership grants and 716,250 in institutional student work grants.
The college's commitment to its students goes beyond their academic pursuits. Thirty-eight percent of the Class of 2023 graduated with no student loan debt, and the average loan debt for the remaining students was significantly lower than the national average. Alice Lloyd College's graduates are making a difference in their communities, with approximately 80 percent of them serving the Appalachian area based on research conducted by the Office of Alumni Relations. Alice Lloyd College's mission is to provide mountain students with a quality education and prepare them for leadership and service in the Appalachian region. Through its innovative approach and commitment to its students, Alice Lloyd College continues to make a positive impact on the lives of those it serves.
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Impact
October, 2024
Alice Lloyd College significantly impacts the Appalachian region by providing accessible, quality education to students from economically disadvantaged backgrounds. With an enrollment of 561 students, the college guarantees that all full-time students from its 108-county service area have zero out-of-pocket tuition costs. This commitment ensures that financial barriers do not prevent aspiring learners from pursuing higher education.
The institution is unique in that it requires all full-time students to engage in work as part of their educational experience, fostering a strong work ethic and community involvement. Alice Lloyd College also supports its graduates through programs such as the Caney Scholars initiative, which aids students in advancing to graduate and professional schools. This year, 56 Caney Scholars are furthering their education in fields critical to healthcare and law, with many residing at the Caney Cottage in Lexington, Kentucky.
In the 2022-2023 academic year, the college provided over $3.4 million in institutional grants, significantly reducing the financial burden on students. Remarkably, 38% of the class of 2023 graduated debt-free, with the average remaining loan debt being considerably lower than the national average.
Alice Lloyd College not only educates but also fosters a sense of civic responsibility and commitment to the Appalachian region, with approximately 80% of its graduates choosing to serve within this area. Through its initiatives and community-oriented mission, the college plays a vital role in shaping the future leaders of Appalachia.
This information is meant to be a general summary of Alice Lloyd College. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,269,267
- Program Service Revenue: $10,911,614
- Gross Receipts: $39,627,084
Assets and Liabilities:
- Total Assets: $148,432,903
- Total Liabilities: $4,647,574
- Net Assets: $143,785,329
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT TUITION & FEES
Revenue
$7,195,337
ROOM & BOARD
Revenue
$3,285,520
JUNE BUCHANAN SCHOOL
Revenue
$298,186
FAC./STAFF HOUSING
Revenue
$71,200
PRE-SCHOOL TUITION
Revenue
$61,371
Organization Details
Founding Year
1922
Phone
(606) 368-2101Principal Officer
Jessie Wilks
Main Address
100 PURPOSE ROAD, PIPPA PASSES, KY, 41844
Website
www.alc.eduNTEE Category
Code: B420 - Education
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