Lakes International Language Academy

Education organization based in Forest Lake, MN. 398 employees. Exempt under §501(c)(3).

MissionTO 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

Financial snapshot · TY 2023

$19.1M
Total revenue
$18.9M
Total expenses
$11.8M
Net assets

Financial health · TY 2023

47
Moderate financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
0
-1.4 months of expenses
Program efficiency
100
90.9% spent on programs
Revenue diversity
33
Mix of program fees, grants & contributions

Leadership compensation

Shannon Peterson
EXECUTIVE DIRECTOR
$167,573
35th percentile vs. peers
Julie Lundgren
CHIEF FINANCIAL OFFICER
$133,022
33th percentile vs. peers
Kathryn Griebel
ELEMENTARY PRINCIPAL
$116,667
12th percentile vs. peers
Nancy Hawkinson
SECONDARY PRINCIPAL
$110,655
12th percentile vs. peers

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Lakes International Language Academy Executive Compensation | 990 Data | DoubleNine