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LITTLE SCHOLARS OF ARKANSAS FOUNDATION: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
LITTLE SCHOLARS OF ARKANSAS FOUNDATION (EIN 06-1665076)
Tax period
2013-07-01 to 2014-06-30
Filed
2015-05-15
IRS object ID
201501359349301215
Schema version
2013v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2015-05-15T08:18:59-05:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN710650689PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HUDSON CISNE & CO LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line111025 ANDERSON DRIVE STE 300AddressLine1
CityLITTLE ROCKCity
StateARState
ZIP Code72212ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN061665076EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LITTLE SCHOLARS OF ARKANSAS FOUNDATIONBusinessNameLine1
Business Name Line2DBA LISA ACADEMYBusinessNameLine2
FieldValueIRS element (for citing)
Business Name ControlLITTBusinessNameControlTxt
Phone5012274942PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line121 CORPORATE HILL DRIVEAddressLine1
CityLITTLE ROCKCity
StateARState
ZIP Code72205ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonERIC HIGGINSPersonNm
Person TitleBOARD PRESIDENTPersonTitleTxt
Phone5012274942PhoneNum
Signature2015-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRAMI KASSISSIEHPreparerPersonNm
PTINP01328714PTIN
Phone5012211000PhoneNum
Preparation2015-05-13PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerERIC HIGGINSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line121 CORPORATE HILL DRIVEAddressLine1
CityLITTLE ROCKCity
StateARState
ZIP Code72205ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$11,173,346GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.LISAACADEMY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2003FormationYr
Legal Domicile StateARLegalDomicileStateCd
Activity Or MissionTHE 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 KNOWLEDGE, 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.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee207TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$9,061,669PYContributionsGrantsAmt
CY Contributions Grants$10,345,260CYContributionsGrantsAmt
PY Program Service Revenue$399,674PYProgramServiceRevenueAmt
CY Program Service Revenue$472,486CYProgramServiceRevenueAmt
PY Investment Income$57PYInvestmentIncomeAmt
CY Investment Income$68CYInvestmentIncomeAmt
PY Other Revenue$366,885PYOtherRevenueAmt
CY Other Revenue$355,532CYOtherRevenueAmt
PY Total Revenue$9,828,285PYTotalRevenueAmt
CY Total Revenue$11,173,346CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$5,548,030PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$6,189,900CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,710,986PYOtherExpensesAmt
CY Other Expenses$3,572,678CYOtherExpensesAmt
PY Total Expenses$9,259,016PYTotalExpensesAmt
CY Total Expenses$9,762,578CYTotalExpensesAmt
PY Revenues Less Expenses$569,269PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,410,768CYRevenuesLessExpensesAmt
Total Assets BOY$11,748,526TotalAssetsBOYAmt
Total Assets EOY$12,751,952TotalAssetsEOYAmt
Total Liabilities BOY$7,919,605TotalLiabilitiesBOYAmt
Total Liabilities EOY$7,512,263TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,828,921NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,239,689NetAssetsOrFundBalancesEOYAmt
MissionSEE FORM 990 PAGE 1, PART 1, LINE 1MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$7,432,367ExpenseAmt
Revenue$472,486RevenueAmt
DescDURING THE YEAR, THE ACADEMY PROVIDED AN ACADEMICALLY RIGOROUS COLLEGE PREPARATORY PROGRAM FOR STUDENTS IN GRADES K THROUGH 12 SEEKING TO EXPLORE THEIR FULL POTENTIAL AS FUTURE PROFESSIONALS.Desc
Total Program Service Expenses$7,432,367TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document7IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee207EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc0RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMIKAIL ABDULLAHPersonNm
Phone5012465853PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line123 CORPORATE HILL DRAddressLine1
CityLITTLE ROCKCity
StateARState
ZIP Code72205ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
DR TANSEL KARABACAK
BOARD MEMBER1.00Yes (X)$0$0$0
DR SINAN KOCKARA
VICE PRESIDENT1.00Yes (X)$0$0$0
MR HALIL BISGIN
SECRETARY1.00Yes (X)$0$0$0
MR FATIH CANSIZOGLU
TREASURER1.00Yes (X)$0$0$0
MR EMRE ERMISOGLU
BOARD MEMBER1.00Yes (X)$0$0$0
ERIC HIGGINS
BOARD PRESIDENT1.00Yes (X)$0$0$0
ATNAN EKIN
SUPERINTENDENT40.00$80,442$0$0Yes (X)
FATIH BOGREK
SUPERINTENDENT40.00$79,758$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$160,200TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1CityContractorAddress/USAddress/CityStateContractorAddress/USAddress/StateZIP CodeContractorAddress/USAddress/ZIPCodeServicesServicesDescCompensationCompensationAmt
MATTHEWS MGMGT CO
5009 STONE WALL ROADLITTLE ROCKAR72207BUILDING LEASE$370,800
J&F FOOD SERVICE
7324 GLENN HILLS DRSHERWOODAR72120FOOD SERVICE$299,257
ATLAS BARIN PROPERTIES LLC
9703 RICHMOND AVE STE 108HOUSTONTX77042BUILDING LEASE$276,000
EXECUTIVE SERVICES INC
POB 17774LITTLE ROCKAR72222JANITORIAL$159,809
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Government Grants$9,838,839GovernmentGrantsAmt
All Other Contributions$506,421AllOtherContributionsAmt
Total Contributions$10,345,260TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ACTIVITY REVENUES611110$375,910$375,910
MEAL SALES722210$74,446$74,446
MISCELLANEOUS611110$22,130$22,130
FieldValueIRS element (for citing)
Total Program Service Revenue$472,486TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$68TotalRevenueColumnAmt
Exclusion$68ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescIRS REBATE TAX EXEMPTDesc
Business900099BusinessCd
Total Revenue Column$355,532TotalRevenueColumnAmt
Related Or Exempt Func Income$355,532RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$355,532OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,173,346TotalRevenueColumnAmt
Related Or Exempt Func Income$828,018RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$68ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$688,320TotalAmt
Program Services$528,120ProgramServicesAmt
Management And General$160,200ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$4,258,982TotalAmt
Program Services$3,991,550ProgramServicesAmt
Management And General$267,432ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$687,889TotalAmt
Program Services$620,126ProgramServicesAmt
Management And General$67,763ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$188,204TotalAmt
Program Services$171,493ProgramServicesAmt
Management And General$16,711ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$366,505TotalAmt
Program Services$334,468ProgramServicesAmt
Management And General$32,037ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$2,885TotalAmt
Program Services$2,885ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$59,749TotalAmt
Management And General$59,749ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$30,000TotalAmt
Management And General$30,000ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$113,832TotalAmt
Program Services$112,146ProgramServicesAmt
Management And General$1,686ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$24,689TotalAmt
Management And General$24,689ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$176,650TotalAmt
Program Services$109,446ProgramServicesAmt
Management And General$67,204ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,124,397TotalAmt
Management And General$1,124,397ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$16,668TotalAmt
Program Services$16,668ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$470,105TotalAmt
Program Services$453,014ProgramServicesAmt
Management And General$17,091ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$384,667TotalAmt
Program Services$384,667ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$75,360TotalAmt
Management And General$75,360ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
SUPPLIES$443,311$300,135$143,176
FOOD$297,948$156,054$141,894
DUES & SUBSCRIPTIONS$184,558$114,043$70,515
MISCELLANEOUS$124,248$93,941$30,307

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$43,611TotalAmt
Program Services$43,611ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,762,578TotalAmt
Program Services$7,432,367ProgramServicesAmt
Management And General$2,330,211ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,659,717BOYAmt
EOY$2,842,625EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$96,321BOYAmt
EOY$7,175EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$10,931,567LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,425,370LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$9,567,203BOYAmt
EOY$9,506,197EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$425,285BOYAmt
EOY$395,955EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$11,748,526BOYAmt
EOY$12,751,952EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$374,252BOYAmt
EOY$396,781EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,995,000BOYAmt
EOY$6,745,000EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$550,353BOYAmt
EOY$370,482EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,919,605BOYAmt
EOY$7,512,263EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,385,683BOYAmt
EOY$4,871,056EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$443,238BOYAmt
EOY$368,633EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,828,921BOYAmt
EOY$5,239,689EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,748,526BOYAmt
EOY$12,751,952EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,410,768ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$734,214OtherCostOrOtherBasisAmt
Book Value$734,214BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$7,994,672OtherCostOrOtherBasisAmt
Depreciation$629,000DepreciationAmt
Book Value$7,365,672BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$964,324OtherCostOrOtherBasisAmt
Depreciation$136,399DepreciationAmt
Book Value$827,925BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,204,296OtherCostOrOtherBasisAmt
Depreciation$659,971DepreciationAmt
Book Value$544,325BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$34,061OtherCostOrOtherBasisAmt
Book Value$34,061BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$9,506,197TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$11,173,346TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$11,173,346RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$11,173,346TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$9,762,578TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$9,762,578ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$9,762,578TotalExpensesPerForm990Amt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships Recs0MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THIS POLICY HAS BEEN PUBLISHED ON VARYING SCHOOL WEBSITES. GENERAL INFORMATION CAN BE FOUND AT WWW.LISAACADEMY.ORG AND WWW.LISANORTH.ORG
SCHEDULE E, PART I, LINE 4RE #4B SCHOOLS DO NOT PROVIDE ANY SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE.
SCHEDULE E, PART I, LINE 6LISA ACADEMY RECEIVES FEDERAL AND STATE FUNDING FOR THEIR PROGRAMS.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
ARKANSAS DEVELOPMENT FINANCE AUTHORITY
A710503641NONEAVAIL2010-12-15$5,500,000QUALIFIED SCHOOL CONTRUCTION BONDS, SR CHARTER SCHOOL LEASE BDS SERIES 2010Q000
ARKANSAS DEVELOPMENT FINANCE AUTHORITY
B710503641NONEAVAIL2010-12-15$1,245,000QUALIFIED SCHOOL CONTRUCTION BONDS, SR CHARTER SCHOOL LEASE BDS SERIES 2010Q000
ARKANSAS DEVELOPMENT FINANCE AUTHORITY
C710503641NONEAVAIL2010-11-01$705,000SUBORDINATE CHARTER SCHOOL LEASE REVENUE BONDS, SERIES 2010Z000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCdTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtCurrent RefundingCurrentRefundingIndAdvance RefundingAdvanceRefundingIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndRetiredRetiredAmt
A$5,503,650$179,875$410,562$5,503,65000Yes (1)Yes (1)
B$1,245,850$106,167$92,936$1,245,85000Yes (1)Yes (1)
C$705,000$117,513$52,627$705,00000Yes (1)Yes (1)$705,000

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
AYes (1)000000
BYes (1)000000
CYes (1)000000

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A000000000
B000000000
C000000000

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 8BTHESE COMMITTEES DO NOT HAVE AUTHORITY TO ACT ON BEHALF OF GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11THE BOARD COUNCILS ACCOUNTING PERSONNEL RESPONSIBLE FOR PROVIDING INFORMATION THAT IS SUPPLIED TO PREPARERS OF FORM 990.
FORM 990, PART VI, SECTION B, LINE 15AAPPROVED BY COMMITTEE.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND POLICIES AVAILABLE TO THE PUBLIC UPON REQUEST AT 21 CORPORATE HILL DRIVE, LITTLE ROCK, AR 72205, AND ALSO 5410 LANDERS ROAD, SHERWOOD, AR 72117.
FORM 990, PART XII, LINE 2C:THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR WITH RESPECT TO THE COMMITTEE SELECTING AN INDEPENDENT ACCOUNTING FIRM AND OVERSEEING THE AUDIT.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1LITTLE SCHOLARS OF ARKANSAS LLCBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line121 CORPORATE HILL DRIVEAddressLine1
CityLITTLE ROCKCity
StateARState
ZIP Code72205ZIPCode
FieldValueIRS element (for citing)
EIN300655153EIN
Primary ActivitiesINVESTMENTSPrimaryActivitiesTxt
Legal Domicile StateARLegalDomicileStateCd
Total Income$208,476TotalIncomeAmt
End Of Year Assets$7,858,322EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1LITTLE SCHOLARS OF ARKANSAS FOUNDATIONBusinessNameLine1

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