Quazar Capital, an investment banking firm in Minneapolis, announced that LILA Foundation was selected as one of its winning charities in its 23rd Anniversary Charity Contest. Melissa Martyr-Wagner, co-chair of the LILA Foundation, entered the nonprofit organization’s name in the online drawing. The $2,500 donation will help the foundation continue its mission to support the long-term success of Lakes International Language Academy.
LILA Receives Positive Bond Rating From Standard & Poor’s
The highly respected independent research and analysis firm, Standard & Poor’s, has given one of its highest bond ratings for charter schools to Lakes International Language Academy. “This favorable BBB- rating reflects that LILA is a well-run school with a solid financial foundation,” commented Julie Lundgren, LILA’s CFO. “We have ten years as a successful public school and a strong growth trend.” No charter school can receive “A” ratings.
Make-up School Day March 31
LILA will add a make-up day on Monday, March 31. Teachers may offer online learning packets, too, to help students stay on track despite the many school cancellations due to cold weather in January.
Lakes International Language Academy is its own school district (#4116) and can set its own calendar. Normally LILA closely follows the Forest Lake Area School District #831 calendar, primarily for busing. Last week, however, District #831 announced it would add make-up days on February 17 and March 31. Because LILA had already confirmed Kindergarten Round-Up on February 17 for some 150 participants, LILA’s administration recommended to maintain the original plan for February and adopt the change for March. The LILA School Board voted to accept the recommendations at its monthly meeting on Tuesday, February 11.
LILA’s Plans For Second Campus Approved
LILA’s plans for a new school building for Spanish and Chinese immersion students in Grades 4-6 were approved by the Forest Lake City Council on December 9, 2013. Increasing enrollment, especially in the Mandarin Chinese immersion program, prompted the LILA Board of Directors to pursue a second campus. The current location at 246 11th Ave SE in Forest Lake will host Spanish and Chinese students in Grades K-3.