LITTLE SCHOLARS OF ARKANSAS FOUNDATION

EIN: 061665076 501(c)(3) Education

LITTLE ROCK, AR

Total Revenue
$51,313,629
Total Expenses
$51,409,585
Total Assets
$70,937,127
Net Assets
$20,388,395
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
AR
Principal Officer
CYNTHIA DAWSON
Phone
5012274942
Tax Period
2024-07-01 to 2025-06-30

LITTLE SCHOLARS OF ARKANSAS FOUNDATION, founded in 2003, is a mid-sized nonprofit in the Education sector that reported $19.2M in total revenue in fiscal year 2017. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $17.1M left a modest 11% surplus.

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.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $49,177,130
Program Service Revenue $1,468,433
Investment Income $302,744
Other Revenue $365,322
TOTAL REVENUE $51,313,629

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,347,862
Fundraising Expenses $0
Program Expenses $42,456,835
Other Expenses $15,061,723
TOTAL EXPENSES $51,409,585

Year-over-Year Comparison

2024 2023 Change
Revenue $51,313,629 $45,927,821 +0.1%
Expenses $51,409,585 $47,463,769 +0.1%
Net Income $-95,956 $-1,535,948 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
796
Volunteers
92

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$448,445
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA DAWSON PRESIDENT 1.00
Officer Director
$0 $0 $0
DR EMRE CELEBI BOARD MEMBER 1.00
Director
$0 $0 $0
ERICA MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
DR ERHAN ARARAT VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DR TOLGA ENSARI SECRETARY 1.00
Officer Director
$0 $0 $0
FATIH BOGREK SUPERINTENDENT 40.00
Officer
$160,030 $27,966 $187,996
NECATI SAHIN CFO 40.00
Officer
$109,577 $20,227 $129,804
HASAN SAZCI ASST. SUPERINDENDENT 40.00
Officer
$110,209 $20,436 $130,645
BETHANY RATERMANN EMPLOYEE 40.00
Highest
$102,202 $19,228 $121,430
EMRAH TURKMENOGLU EMPLOYEE 40.00
Highest
$103,682 $19,451 $123,133
MUAMMER GUVEN EMPLOYEE 40.00
Highest
$107,498 $20,029 $127,527
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $51,313,629 $51,409,585 $70,937,127 $-95,956
2024 $45,927,821 $47,463,769 $69,476,272 $-1,535,948
2023 $42,349,077 $44,938,450 $72,152,155 $-2,589,373
2022 $43,065,978 $39,265,376 $78,733,824 $3,800,602
2021 $35,033,452 $32,086,920 $55,916,312 $2,946,532
2020 $28,752,349 $27,630,572 $45,422,608 $1,121,777
2019 $20,826,886 $19,783,397 $44,908,713 $1,043,489
2018 $19,160,787 $17,121,105 $40,863,009 $2,039,682
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