Nonprofit · EIN 06-1665076
LITTLE SCHOLARS OF ARKANSAS FOUNDATION
Tax-exempt · LITTLE ROCK, AR 72205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $51,313,629 | $51,409,585 | -$95,956 | $70,937,127 | $50,548,732 | $20,388,395 |
| June 30, 2024 | 990 | $45,927,821 | $47,463,769 | -$1,535,948 | $69,476,272 | $51,787,514 | $17,688,758 |
| June 30, 2023 | 990 | $42,349,077 | $44,938,450 | -$2,589,373 | $72,152,155 | $53,143,922 | $19,008,233 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $49,177,130
- of which government grants
- $47,562,947
- Program service revenue
- $1,468,433
- Investment income
- $302,744
- Net gain from sales of assets
- -$32,066
- Other revenue
- $365,322
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $445,946
- Other salaries and wages
- $27,915,600
- Salaries, compensation and benefits (total)
- $36,347,862
- Professional fundraising fees
- $0
- Occupancy
- $3,139,596
- Travel
- $67,121
- Depreciation
- $1,925,683
- Program services (functional)
- $42,456,835
- Management and general (functional)
- $8,952,750
Balance sheet and other
- Total assets, start of year
- $69,476,272
- Total assets, end of year
- $70,937,127
- Total liabilities, end of year
- $50,548,732
- Net assets, end of year
- $20,388,395
- Land, buildings and equipment
- $47,166,050
- Net assets without donor restrictions
- $19,015,130
- Net assets with donor restrictions
- $1,373,265
- Gross receipts
- $51,345,695
- Employees
- 796
- Volunteers
- 92
- Year formed
- 2003
- State of legal domicile
- AR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FATIH BOGREK | SUPERINTENDENT Officer | 40 | $160,030 | $27,966 |
| HASAN SAZCI | ASST. SUPERINDENDENT Officer | 40 | $110,209 | $20,436 |
| NECATI SAHIN | CFO Officer | 40 | $109,577 | $20,227 |
| MUAMMER GUVEN | EMPLOYEE Highest-paid employee | 40 | $107,498 | $20,029 |
| EMRAH TURKMENOGLU | EMPLOYEE Highest-paid employee | 40 | $103,682 | $19,451 |
| BETHANY RATERMANN | EMPLOYEE Highest-paid employee | 40 | $102,202 | $19,228 |
| CYNTHIA DAWSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DR EMRE CELEBI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ERICA MILLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR ERHAN ARARAT | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DR TOLGA ENSARI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FATIH BOGREK | SUPERINTENDENT Officer | 40 | $138,850 | $25,311 |
| HASAN SAZCI | ASST. SUPERINDENDENT Officer | 40 | $105,527 | $20,280 |
| NECATI SAHIN | CFO Officer | 40 | $102,922 | $19,779 |
| CYNTHIA DAWSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DR EMRE CELEBI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ERICA MILLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR ERHAN ARARAT | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DR TOLGA ENSARI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FATIH BOGREK | SUPERINTENDENT Officer | 40 | $115,050 | $20,873 |
| HASAN SAZCI | ASST. SUPERINDENDENT Officer | 40 | $97,700 | $17,998 |
| NECATI SAHIN | CFO Officer | 40 | $97,357 | $17,844 |
| CYNTHIA DAWSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DR EMIR TAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR EMRE CELEBI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ERICA MILLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR ERHAN ARARAT | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DR TOLGA ENSARI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 21 CORPORATE HILL DR, LITTLE ROCK, AR 72205-4537
- In care of
- % EMIN CAVUSOGLU
- Principal officer (990 for 2024)
- CYNTHIA DAWSON, 21 CORPORATE HILL DRIVE, LITTLE ROCK, AR 72205
- Signed the 990
- CYNTHIA DAWSON, PRESIDENT
- Phone
- (501) 227-4942
- Website
- WWW.LISAACADEMY.ORG
- Return prepared by
- HCJ CPAS & ADVISORS PLLC
Mission
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.
Program accomplishments
- DURING THE YEAR, THE ACADEMY PROVIDED AN ACEDEMICALLY RIGOROUS COLLEGE PREPARATORY PROGRAM FOR STUDENTS IN GRADES K THROUGH 12 SEEKING TO EXPLORE THEIR FULL POTENTIAL AS FUTURE PROFESSIONALS.Expenses $42,456,835 · revenue $1,468,433
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1665076
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B19)
- Assets (IRS master file)
- $70,937,127
- Income (IRS master file)
- $51,345,695
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $51,313,629 | $51,409,585 | $70,937,127 | IRS |
| 990 | June 2024 | $45,927,821 | $47,463,769 | $69,476,272 | XML |
| 990 | June 2023 | $42,349,077 | $44,938,450 | $72,152,155 | XML |
| 990 | June 2022 | $43,065,978 | $39,265,376 | $78,733,824 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1665076).
Questions about LITTLE SCHOLARS OF ARKANSAS FOUNDATION
- What is the EIN of LITTLE SCHOLARS OF ARKANSAS FOUNDATION?
- The employer identification number (EIN) of LITTLE SCHOLARS OF ARKANSAS FOUNDATION is 06-1665076.
- Is LITTLE SCHOLARS OF ARKANSAS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to LITTLE SCHOLARS OF ARKANSAS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LITTLE SCHOLARS OF ARKANSAS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LITTLE SCHOLARS OF ARKANSAS FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LITTLE SCHOLARS OF ARKANSAS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LITTLE SCHOLARS OF ARKANSAS FOUNDATION?
- The 990 for the year ended June 30, 2025 names CYNTHIA DAWSON.
- Who are the officers and directors of LITTLE SCHOLARS OF ARKANSAS FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 11 people; 6 received compensation from the organization, the highest $160,030 (FATIH BOGREK, SUPERINTENDENT).
- How much revenue does LITTLE SCHOLARS OF ARKANSAS FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $51,313,629, expenses of $51,409,585 and total assets of $70,937,127 at year end.
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