Central Lutheran School in Heavy Debt

April 20, 2018 10:33 PM

Central Lutheran School's doors have been open for student for 135 years. Now there's a strong possibility they may shut down. The kindergarten to eighth grade school is struggling with overwhelming debt.

Pastor Tom Evans says, the problems began back in 2008-2009, when the economy tanked.

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"Trying to make ends meet and everything there they just got behind," he said.

He says, the school has their books in order.

"If we could break even, we'll make it but we got to clean up that debt that we have," he said.

The school debt is $450,000. Their annual budget is just over $900,000. Evans says, with roughly 110 kids and tuition at $1,000 a child.

"The money coming in wasn't matching the money going out. And there wasn't a good grip on that drain of the money. Now we understand where that drain was going to and actually, we've stopped the drain," Evans said.

The school has set up a GoFundMe page to try and raise money.

Evans says they're giving themselves till the end of the year to make a decision on what their next step will be.

Credits

Todd Wilson

Copyright 2018 - KSTP-TV, LLC A Hubbard Broadcasting Company

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