Little Scholars Of Arkansas Foundation
- Assets
- $55.9m
- Revenue
- $35.0m
- Investments
- $0.0
- Employees
- 429
- Location
- Little Rock, AR
- Founding
- 04/2003
- Data as of
- 06/2021
- EIN
- 06-1665076
Organization Overview
Little Scholars Of Arkansas Foundation, operating under the name Lisa Academy, is located in Little Rock, AR. The organization was established in 2003. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Lisa Academy employed 429 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lisa Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Lisa Academy generated $35.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $32.1m during the year ending 06/2021. While expenses have increased by 19.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF LISA ACADEMY IS TO PROVIDE AN ACADEMICALLY RIGOROUS COLLEGE PREPARATORY PROGRAM, IN PARTNERSHIP WITH STUDENTS, FAMILIES, AND THE COMMUNITY, AND GUIDE ALL STUDENTS IN GAINING KNOWLDEGE, SKILLS, AND THE ATTITUDE NECESSARY TO DIRECT THEIR LIVES, IMPROVE A DIVERSE SOCIETY, AND EXCEL IN A CHANGING WORLD BY PROVIDING DYNAMIC, RESOURCE-RICH LEARNING ENVIRONMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE ACADEMY PROVIDED AN ACEDEMICALLY RIGOROUS COLLEGE PREPATORY PROGRAM FOR STUDENTS IN GRADES K THROUGH 12 SEEKING TO EXPLORE THEIR FULL POTENTIAL AS FUTURE PROFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fatih Bogrek Superintendent | Officer | 40 | $109,050 |
Osman Kucuk CFO | Officer | 40 | $53,900 |
Dr Emre Celebi Secretary | OfficerTrustee | 1 | $0 |
Eric Higgins Vice President | OfficerTrustee | 1 | $0 |
Cynthia Dawson President | OfficerTrustee | 1 | $0 |
Dr Emir Tas Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J&f Food Service Food Service | 6/29/21 | $533,954 |
Security Bankcard Center Credit Card Service | 6/29/21 | $399,194 |
Sg 360 Janitorial | 6/29/21 | $339,983 |
Pediatric Therapy Services Therapy | 6/29/21 | $343,605 |
Cdw Government Inc Technology | 6/29/21 | $801,503 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,617,030 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,384,041 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,001,071 |
| Total Program Service Revenue | $662,004 |
| Investment income | $4,879 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,033,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $224,781 |
| Compensation of current officers, directors, key employees. | $224,781 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,024,389 |
| Pension plan accruals and contributions | $2,347,205 |
| Other employee benefits | $992,220 |
| Payroll taxes | $1,190,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,089 |
| Fees for services: Accounting | $37,570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,826 |
| Advertising and promotion | $158,486 |
| Office expenses | $74,886 |
| Information technology | $918,428 |
| Royalties | $0 |
| Occupancy | $3,187,077 |
| Travel | $11,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,330,876 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,230,999 |
| Insurance | $333,794 |
| All other expenses | $431,384 |
| Total functional expenses | $32,086,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,324,282 |
| Savings and temporary cash investments | $5,220,992 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,655,604 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $30,885,064 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $561,149 |
| Other assets | $7,269,221 |
| Total assets | $55,916,312 |
| Accounts payable and accrued expenses | $2,932,801 |
| Grants payable | $0 |
| Deferred revenue | $55,606 |
| Tax-exempt bond liabilities | $26,850,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,362,280 |
| Other liabilities | $6,968,352 |
| Total liabilities | $38,169,039 |
| Net assets without donor restrictions | $17,191,806 |
| Net assets with donor restrictions | $555,467 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $55,916,312 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Little Scholars Of Arkansas Foundation has recieved totaling $701,010.
| Awarding Organization | Amount |
|---|---|
Arkansas Public School Resource Center Inc Little Rock, AR PURPOSE: CHARTER SCHOOL PROGRAM GRANT, REIMBURSEMENT OF EXPENSES | $700,940 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $70 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Little Scholars Of Arkansas Foundation Little Rock, AR | $55,916,312 | $35,033,452 |
National Institute For Excellence In Teaching Nashville, TN | $34,287,957 | $30,387,286 |
University Co-Operative Society Austin, TX | $15,693,237 | $9,178,990 |
Louisiana Achievement Charter Academies Inc Baton Rouge, LA | $3,478,598 | $15,099,695 |
New Schools For New Orleans Inc New Orleans, LA | $13,416,454 | $13,527,972 |
Texas Childrens Womens Specialists Houston, TX | $84,810,627 | $8,522,353 |
The Opportunity Trust St Louis, MO | $4,217,060 | $10,924,434 |
Child Care Plus Training & Development Center Inc Montgomery, TX | $1,071,793 | $6,895,362 |
University Of Mississippi Educational Building Corporation University, MS | $221,725,565 | $5,871,749 |
Unizin Ltd Austin, TX | $2,802,799 | $4,764,216 |
Sss Education Foundation Mesquite, TX | $79,366,180 | $3,445,001 |
Jackson Foundation Inc Dickson, TN | $81,442,128 | $3,275,608 |