The Floodwood School has been in existence since 1893 when the first school, a log building, was constructed. This was the same year the village of Floodwood was organized. The sum of four hundred dollars was borrowed from the state to buy books and supplies. The district was not independent at the time, so the school was a County School. Eight children attended the first year.

In 1911 the first building was built on the present site of the school. It was a six room, brick building. This was also the year that the school district became Independent School District No. 19. The children were transported to school with a team and wagon or sled. A man and team were paid twenty-eight dollars a month for hauling children twenty-four miles a day. The children that lived too far from town were boarded at homes in town. Their board and room were paid by the state.

The first class to graduate from Floodwood, after completing four years of high school, was in 1926. There were five graduates.

In the years to follow, there were five one-room country schools in the area that closed and many of those students joined the Floodwood District.

In 1957 the school district lines were expanded considerably and the Floodwood School became Independent School District #698. Four more additions were added to the building prior to 1995 when a new school was erected on the school site, only leaving the most recent additions from 1958 and 1976. In 2003 the school was again expanded.

The present K-12 building has state of the art technology capabilities with three computer labs, two gymnasiums, an industrial arts area comparable to a post-secondary training center, and a fully equipped fitness room complimenting the modern classrooms.