LAKES INTERNATIONAL LANGUAGE ACADEMY

EIN: 200393839 501(c)(3) Education

FOREST LAKE, MN

Total Revenue
$21,778,507
Total Expenses
$21,512,047
Total Assets
$11,509,188
Net Assets
$-1,923,993
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MN
Principal Officer
SHANNON PETERSON
Phone
6514640771
Tax Period
2024-07-01 to 2025-06-30

LAKES INTERNATIONAL LANGUAGE ACADEMY, founded in 2003, is a mid-sized nonprofit in the Education sector that reported $21.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PREPARE TOMORROW'S CRITICAL THINKERS AND GLOBAL CITIZENS THROUGH LANGUAGE ACQUISITION AND INQUIRY-DRIVEN STUDY. TO DELIVER A HIGH CALIBER EDUCATION FROM A GLOBAL PERSPECTIVE THAT COMBINES SECOND-LANGUAGE ACQUISITION WITH A PROVEN INQUIRY-BASED LEARNING APPROACH, ENHANCING INDIVIDUAL ACHIEVEMENT, AND BUILDING COMMUNITY CONNECTIONS.

Program Service Accomplishments

Program 1
Expenses: $16,784,531 Revenue: $1,892,952

K-12 PUBLIC SCHOOL WITH FOR-FEE PRESCHOOL. THE SCHOOL HAS COMPLETED ITS 21ST YEAR OF OPERATION. IT BEGAN AS A K-6 SCHOOL AND EXPANDED TO GRADES 7-8 IN 2015 AND GRADES 9-12 IN 2016. THE SCHOOL SERVES...

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K-12 PUBLIC SCHOOL WITH FOR-FEE PRESCHOOL. THE SCHOOL HAS COMPLETED ITS 21ST YEAR OF OPERATION. IT BEGAN AS A K-6 SCHOOL AND EXPANDED TO GRADES 7-8 IN 2015 AND GRADES 9-12 IN 2016. THE SCHOOL SERVES STUDENTS AT THREE BUILDINGS ON TWO CAMPUSES. KINDER CENTER SERVES PREK AND K; LOWER SCHOOL SERVES GRADES 1-5; UPPER SCHOOL HOUSES GRADES 6-12. K-12 STUDENT ENROLLMENT TOTALED 1293 STUDENTS IN FY25. THE INTERNATIONAL BACCALAUREATE ORGANIZATION AUTHORIZED LILA AS AN IB WORLD SCHOOL FOR ALL GRADES. AUTHORIZATION OCCURS AFTER A THREE-YEAR CANDIDACY FOR EACH LEVEL: PRIMARY YEARS PROGRAMME FOR GRADES PREK TO 5, MIDDLE YEARS PROGRAMME FOR GRADES 6-10, AND DIPLOMA PROGRAMME FOR GRADES 11-12. AUTHORIZATION ONLY RESULTS WHEN A SCHOOL HAS BUILT AND IMPLEMENTED ITS IB PROGRAMME CURRICULUM FRAMEWORK TO EXACTING STANDARDS. THE SCHOOL OFFERS MANDARIN CHINESE IMMERSION AND SPANISH IMMERSION TRACKS TO GRADE 5. UPPER SCHOOL STUDENTS HAVE LANGUAGE ACQUISITION AS A FOCUS, BUT THE CURRICULUM IS NOT FULL IMMERSION. INSTEAD, IT IS MEANT FOR NEW LANGUAGE LEARNERS AS WELL AS FOR IMMERSION STUDENTS MATRICULATING FROM LOWER SCHOOL OR OTHER IMMERSION SCHOOLS. LILA GRADUATES TYPICALLY EARN THE STATE BILINGUAL SEAL ON THEIR DIPLOMAS. THE SCHOOL HAS GRADUATION RATES SURPASSING 95%.

Program 2
Expenses: $616,103 Revenue: $53,810

COMMUNITY SERVICE PROGRAM, KINDER PREP PRESCHOOL. A FEE-BASED PRESCHOOL FOR AGES 3-5, KINDER PREP PRESCHOOL DOES NOT RECEIVE STATE PUPIL FUNDING. KINDER PREP PRESCHOOL OPENED IN FALL 2013. ITS...

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COMMUNITY SERVICE PROGRAM, KINDER PREP PRESCHOOL. A FEE-BASED PRESCHOOL FOR AGES 3-5, KINDER PREP PRESCHOOL DOES NOT RECEIVE STATE PUPIL FUNDING. KINDER PREP PRESCHOOL OPENED IN FALL 2013. ITS CURRICULUM REFLECTS THE IB WHOLE-CHILD PHILOSOPHY AND HAS A RICH LANGUAGE COMPONENT, WITH TEACHERS SPEAKING CHINESE, SPANISH, AND ENGLISH TO ALL PARTICIPANTS. ABOUT 115 STUDENTS WERE ENROLLED DURING THE 2024-2025 SCHOOL YEAR. LICENSED BILINGUAL TEACHERS PARTNER WITH CLASSROOM AIDES TO DELIVER ACADEMIC AND SOCIAL-EMOTIONAL EDUCATION, PREPARING STUDENTS FOR KINDERGARTEN AND BEYOND. IN THE 2024-25 SCHOOL YEAR, KINDER PREP PILOTED A TUITION WAIVER PROGRAM FOR LOW INCOME STUDENTS WHO WERE UNABLE TO RECEIVE STATE PREK AID DUE TO CHILD'S AGE OR DUE TO A CHANGE IN ECONOMIC CIRCUMSTANCE AFTER THE STATE AID APPLICATION WINDOW CLOSED. THE SCHOOL BENEFITS FROM THE INCREASED PREK INTAKE WHEN THE CHILD(REN) MATRICULATE TO KINDERGARTEN. IT ALSO ALLOWS FAMILIES WITH A STATE-PAID PREK CHILD TO HAVE BOTH THEIR PRE-K AGED CHILDREN ATTEND KINDER PREP.

Program 3
Expenses: $1,280,326 Revenue: $126,404

COMMUNITY SERVICE PROGRAM: EXPLORER CLUB SCHOOL AGE CARE. LILA'S EXPLORER CLUB SCHOOL AGE CHILDCARE PROGRAM IS A FOR-FEE PROGRAM THAT SERVED APPROXIMATELY 200 STUDENTS THROUGHOUT THE FISCAL YEAR. THE...

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COMMUNITY SERVICE PROGRAM: EXPLORER CLUB SCHOOL AGE CARE. LILA'S EXPLORER CLUB SCHOOL AGE CHILDCARE PROGRAM IS A FOR-FEE PROGRAM THAT SERVED APPROXIMATELY 200 STUDENTS THROUGHOUT THE FISCAL YEAR. THE PROGRAM EMPLOYEES ENHANCE STUDENTS' EXPOSURE TO SPANISH AND CHINESE LANGUAGE AS THEY CONDUCT THEIR PROGRAM IN SPANISH, CHINESE, AND ENGLISH. IT IS QUALIFIED AS A FOUR STAR PARENT AWARE PROGRAM, THE HIGHEST RATING. THE PROGRAM IS LOCATED AT KINDER CENTER AND LOWER SCHOOL BUILDINGS AND SERVES GRADES PREK TO 5.

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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 $19,196,649
Program Service Revenue $2,031,033
Investment Income $206,272
Other Revenue $344,553
TOTAL REVENUE $21,778,507

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,546,141
Fundraising Expenses $0
Program Expenses $19,707,978
Other Expenses $6,965,906
TOTAL EXPENSES $21,512,047

Year-over-Year Comparison

2024 2023 Change
Revenue $21,778,507 $19,140,650 +0.1%
Expenses $21,512,047 $18,862,668 +0.1%
Net Income $266,460 $277,982 0.0%
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
9
Independent Members
6
Employees
407
Volunteers
300

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
5
$320,088
Total Directors
9
$176,700
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RENEE FEAGAN CHAIR 3.00
Officer Director
$0 $0 $0
JENNIFER MAY VICE CHAIR 3.00
Officer Director
$0 $0 $0
COREY PURKAT TREASURER 3.00
Officer Director
$0 $0 $0
KARL SCHAUMANN MEMBER/TEACHER 42.00
Director
$48,384 $12,515 $60,899
MATT GOCKOWSKI MEMBER/TEACHER 42.00
Director
$40,820 $12,705 $53,525
ERIN CHAPMAN MEMBER/TEACHER 42.00
Director
$36,928 $25,348 $62,276
CAM HEDLUND MEMBER 1.00
Director
$0 $0 $0
JONELL PACYGA MEMBER 2.00
Director
$0 $0 $0
MIKE RYNDERS MEMBER 2.00
Director
$0 $0 $0
SHANNON PETERSON EXECUTIVE DIRECTOR 50.00
Officer
$151,481 $23,890 $175,371
JULIE LUNDGREN CHIEF FINANCIAL OFFICER 50.00
Officer
$117,685 $27,032 $144,717
NANCY HAWKINSON SECONDARY PRINCIPAL 40.00
Highest
$107,001 $9,471 $116,472
KATHRYN GRIEBEL ELEMENTARY PRINCIPAL 40.00
Highest
$104,393 $9,242 $113,635
ADRIENNE CAULDERO SPECIAL EDUCATION DIRECTOR 40.00
Highest
$107,821 $12,942 $120,763
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 $21,778,507 $21,512,047 $11,509,188 $266,460
2024 $19,140,650 $18,862,668 $11,771,369 $277,982
2023 $18,352,789 $17,654,729 $12,726,091 $698,060
2022 $17,574,627 $17,496,216 $12,900,821 $78,411
2021 $15,744,589 $15,973,085 $12,188,611 $-228,496
2020 $15,192,241 $14,118,961 $12,803,742 $1,073,280
2019 $12,569,360 $12,128,250 $12,955,108 $441,110
2018 $11,467,634 $10,898,184 $13,475,430 $569,450
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