A loan was established to cover the remainder of the $4.2 million renovation cost.  Currently, $2,165,185 is owed on the capital campaign loan.  To date, $405,786 is due in pledges receivables and $40,000 is expected to be uncollectable pledges.

The monthly loan payment is $14,403.  $11,150 is interest and the rest goes to principal.  Currently, there is $364,286 in the account where payments are drawn from.  We estimate there are adequate funds to make loan payments for the next 3 years. 

It will be critical to have a fundraising plan within the next 2 years.

A school with a long history in this area, it opened in 1909 in a two-story eight-classroom building.

The present facility was built in 1952.  In 2008, an extensive $4.2 million renovation began.  The center one-story section was demolished.  In its place, a new modern two-story section was constructed between the west and east wings. 

Major systems were updated and new space includes a large media center, state-of-the-art computer lab with a smart board, a chapel, small work rooms, administrative space, teacher lounge and storage spaces. Classrooms and bathrooms were updated.

We continue to search for angels to help us put our debt to rest.   Please contact Maria Prozinski at 218-822-4040 if you would like to help.