Civic Intelligence

Educational Assistance Ltd.

990 • Fiscal year 2023 • EIN 36-3166932

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 12, 2024

Organization ProfileWWW.EALGREEN.ORG
P O Box 3021Glen Ellyn, IL 60138

(630) 690-0010

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.02x

Higher debt load relative to assets than 26% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

14th percentile

0.01x

Higher debt load relative to revenue than 14% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

28th percentile

-4.5%

Higher net margin than 28% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

86th percentile

$273,833

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

11th percentile

-8.7%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

24th percentile

-11%

Faster revenue growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets26th percentile

Assets

Down

$2,655,023

Down $252,691 (-8.7%) from 2022

Net Assets

Down

$2,597,368

Down $242,474 (-8.5%) from 2022

Liabilities

Down

$57,655

Down $10,217 (-15%) from 2022

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin28th percentile

Revenue

Down

$5,417,638

Down $697,223 (-11%) from 2022

Expenses

Down

$5,660,112

Down $231,669 (-3.9%) from 2022

Net Income

Down

-$242,474

Down $465,554 (-209%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2015: $1,449,448Liabilities 2015: $25,700Net Assets 2015: $1,423,7482015Assets 2016: $1,563,121Liabilities 2016: $38,569Net Assets 2016: $1,524,5522016Assets 2017: $1,706,383Liabilities 2017: $44,431Net Assets 2017: $1,661,9522017Assets 2018: $1,938,624Liabilities 2018: $67,967Net Assets 2018: $1,870,6572018Assets 2019: $2,523,487Liabilities 2019: $34,906Net Assets 2019: $2,488,5812019Assets 2020: $2,568,184Liabilities 2020: $126,187Net Assets 2020: $2,441,9972020Assets 2021: $2,688,138Liabilities 2021: $71,376Net Assets 2021: $2,616,7622021Assets 2022: $2,907,714Liabilities 2022: $67,872Net Assets 2022: $2,839,8422022Assets 2023: $2,655,023Liabilities 2023: $57,655Net Assets 2023: $2,597,3682023Assets 2024: $2,398,622Liabilities 2024: $45,806Net Assets 2024: $2,352,8162024

Highlighted filing

2023

Assets$2,655,023
Liabilities$57,655
Net Assets$2,597,368
Open 2023 Filing

Operations Trend

Revenue Growth24th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $2,408,556Expenses 2015: $2,295,584Net Income 2015: $112,9722015Revenue 2016: $2,796,224Expenses 2016: $2,695,420Net Income 2016: $100,8042016Revenue 2017: $3,303,871Expenses 2017: $3,166,471Net Income 2017: $137,4002017Revenue 2018: $3,649,714Expenses 2018: $3,441,009Net Income 2018: $208,7052018Revenue 2019: $5,061,593Expenses 2019: $4,443,669Net Income 2019: $617,9242019Revenue 2020: $4,537,116Expenses 2020: $4,583,700Net Income 2020: -$46,5842020Revenue 2021: $5,416,087Expenses 2021: $5,241,322Net Income 2021: $174,7652021Revenue 2022: $6,114,861Expenses 2022: $5,891,781Net Income 2022: $223,0802022Revenue 2023: $5,417,638Expenses 2023: $5,660,112Net Income 2023: -$242,4742023Revenue 2024: $5,608,964Expenses 2024: $5,853,516Net Income 2024: -$244,5522024

Highlighted filing

2023

Revenue$5,417,638
Expenses$5,660,112
Net Income-$242,474
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 12, 2024
Return Version
2023v5.1
Gross Receipts
$5,417,638
Mission and Program Overview

Mission

The mission of educational assistance ltd. Is to give students with financial-need the opportunity to attend college. With a focus on education and the environment, educational assistance ltd. Extends the useful life of slow-moving and excess inventory donations by redistributing these gifts to 2- and 4-year colleges and universities, including community colleges and tribal institutions helping them lower their operating expenses. In turn, these schools help their students with scholarships enabling them to transform their own lives. Products not suitable for use on campus are recyled, repaired, or converted to cash to fund additional scholarships in the form of cash gifts to partner schools. In 2016, educational assistance ltd. Rebranded as ealgreen to celebrate the success of this circular economy model and the 15,000 students who have received scholarships to date.

The mission of educational assistance ltd. Is to give students with financial needs the opportunity to attend college. With a focus on education and the environment, educational assistance ltd. Extends the useful life of slow-moving and excess inventory donations by redistributing these gifts to 2- and 4-year colleges and universities, including community colleges and tribal institutions helping them lower their operating expenses. In turn, these schools help their students with scholarships enabling them to transform their own lives. Products not suitable for use on campus are recyled, repaired, or converted to cash to fund additional scholarships in the form of cash gifts to partner schools. In 2017, educational assistance ltd. Rebranded as ealgreen to celebrate the success of this circular economy model and the 21,000 students who have received scholarships to date.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,117,077$1,949,590▼ $167,487
Intangible Assets$505,451$402,744▼ $102,707
Accounts Receivable$241,683$226,412▼ $15,271
Land, Buildings, and Equipment, Net$26,423$48,639▲ $22,216
Other Notes and Loans Receivable, Net-$3,363-
Cash and Non-Interest-Bearing Accounts-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,907,714$2,655,023▼ $252,691
Other Assets Total$17,080$24,275▲ $7,195
Liabilities
Accounts Payable and Accrued Expenses$67,872$57,655▼ $10,217
Total Liabilities$67,872$57,655▼ $10,217
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,839,842$2,597,368▼ $242,474
Total Net Assets Fund Balance$2,839,842$2,597,368▼ $242,474
Total Liabilities and Net Assets / Fund Balance$2,907,714$2,655,023▼ $252,691

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$39,312$69,903$109,215
Other Land Buildings$7,145$56,574$63,719
Leasehold Improvements$2,182$2,667$4,849
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Claudia FreedPresident & CEOFT$273,833$273,833

Board Members and Trustees

NameTitle
Karen BellingChairman
Jason ManningVice Chair
Bairie NicholsDirector
David TretterDirector
Elaine CartierDirector
Greg MorrisDirector
Hari PillaiDirector
Lauren WilliamsDirector
Noel NavarroDirector
Pamela BozemanDirector
Sam BeardenDirector
Samuel NelsonDirector
Terry Hatfield BDirector
Steve MorrisSecretary
Steve HoseltonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,372,910
Program Service Revenue
$0
Investment Income
$44,728
Other Revenue
$0
All Other Contributions
$5,372,910
Change in Net Assets
$-242,474

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$5,238,233Comparable Sales
Other Non Cash Contri Table-$100,008Comp Sales
Other Non Cash Contri Table1$20,469Comparable Sales
Other Non Cash Contri Table1$6,824Comparable Sales
Total Noncash Contributions3$5,365,534-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,417,638
Total Revenue per Audited Statements
$5,417,638
Total Revenue per Form 990
$5,417,638
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,959,807
Grants and Similar Amounts Paid$1,000,000
Salaries, Compensation, and Employee Benefits$700,305
Total Fundraising Expense$277,357
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,000,000--$1,000,000
Other Expenses$330,955--$330,955
All Other Expenses$241,116$37,268$31,875$310,259
Other Salaries and Wages$120,819$75,512$105,716$302,047
Current Officers, Directors, Trustees, and Key Employees$109,533$68,458$95,842$273,833
Depreciation Depletion-$119,777-$119,777
Fees for Services Other-$97,423-$97,423
Information Technology-$86,977-$86,977
Payroll Taxes$28,434$17,771$24,879$71,084
Insurance-$50,901-$50,901
Other Employee Benefits$11,714$7,321$10,251$29,286
Pension Plan Contributions$9,622$6,014$8,419$24,055
Occupancy-$16,519-$16,519
Fees for Services Management-$14,027-$14,027
Travel$12,605--$12,605
Fees for Services Accounting-$8,105-$8,105
Office Expenses$2,998$375$375$3,748
Total Functional Expenses$4,776,307$606,448$277,357$5,660,112

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,660,112
Total Expenses per Audited Statements$5,660,112
Total Expenses per Form 990$5,660,112
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Reviewed with treasurer and president & ceo”

Form 990, Part VI, Section B, Line 12C

“Required completion of annual disclosure statement”

Form 990, Part VI, Section B, Line 15A

“Approved by the board of directors”

Form 990, Part VI, Section B, Line 15B

“Approved by the board of directors”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Educational Assistance Ltd
EIN
36-3166932
Phone
6306900010
Address
P O BOX 3021, GLEN ELLYN, IL 60138

Signing Officer

Name
Claudia Freed
Title
President & CEO
Signed
2024-08-12
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
15

Preparer

Firm
Paul W Asheim Ltd
Address
1470 Graystone Dr, Aurora, IL 60502
Preparer
Paul W Asheim
Phone
6302470456
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“President & ceo and treasurer/audit committee approved cpa firm”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt12Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
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IRS990/MissionDesc0THE MISSION OF EDUCATIONAL ASSISTANCE LTD. IS TO GIVE STUDENTS WITH FINANCIAL NEEDS THE OPPORTUNITY TO ATTEND COLLEGE. WITH A FOCUS ON EDUCATION AND THE ENVIRONMENT, EDUCATIONAL ASSISTANCE LTD. EXTENDS THE USEFUL LIFE OF SLOW-MOVING AND EXCESS INVENTORY DONATIONS BY REDISTRIBUTING THESE GIFTS TO 2- AND 4-YEAR COLLEGES AND UNIVERSITIES, INCLUDING COMMUNITY COLLEGES AND TRIBAL INSTITUTIONS HELPING THEM LOWER THEIR OPERATING EXPENSES. IN TURN, THESE SCHOOLS HELP THEIR STUDENTS WITH SCHOLARSHIPS ENABLING THEM TO TRANSFORM THEIR OWN LIVES. PRODUCTS NOT SUITABLE FOR USE ON CAMPUS ARE RECYLED, REPAIRED, OR CONVERTED TO CASH TO FUND ADDITIONAL SCHOLARSHIPS IN THE FORM OF CASH GIFTS TO PARTNER SCHOOLS. IN 2017, EDUCATIONAL ASSISTANCE LTD. REBRANDED AS EALGREEN TO CELEBRATE THE SUCCESS OF THIS CIRCULAR ECONOMY MODEL AND THE 21,000 STUDENTS WHO HAVE RECEIVED SCHOLARSHIPS TO DATE.
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Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,655,023
Liabilities
$57,655
Net assets
$2,597,368
Revenue
$5,417,638
Expenses
$5,660,112
Net income
-$242,474
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$0.05$2.35$5.61$5.85$0.24
2023Detailed filing. Detailed filing data is available for this year.$2.66$0.06$2.60$5.42$5.66$0.24
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.91$0.07$2.84$6.11$5.89$0.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.69$0.07$2.62$5.42$5.24$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.57$0.13$2.44$4.54$4.58$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.52$0.03$2.49$5.06$4.44$0.62
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.94$0.07$1.87$3.65$3.44$0.21
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.04$1.66$3.30$3.17$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.04$1.52$2.80$2.70$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.45$0.03$1.42$2.41$2.30$0.11