EDUCATIONAL ASSISTANCE LTD DBA EALGREEN

EIN: 363166932 501(c)(3) Education

GLEN ELLYN, IL

Total Revenue
$5,608,964
Total Expenses
$5,853,516
Total Assets
$2,398,622
Net Assets
$2,352,816
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
IL
Phone
6306900010
Tax Period
2024-01-01 to 2024-12-31

EDUCATIONAL ASSISTANCE LTD DBA EALGREEN, founded in 1982, is a community nonprofit in the Education sector that reported $5.6M in total revenue in fiscal year 2024.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,526,594
Program Service Revenue $0
Investment Income $82,370
Other Revenue $0
TOTAL REVENUE $5,608,964

Expense Breakdown

Grants Paid $1,000,000
Salaries & Benefits $678,181
Fundraising Expenses $250,365
Program Expenses $4,987,029
Other Expenses $4,175,335
TOTAL EXPENSES $5,853,516

Year-over-Year Comparison

2024 2023 Change
Revenue $5,608,964 $5,417,638 +0.0%
Expenses $5,853,516 $5,660,112 +0.0%
Net Income $-244,552 $-242,474 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
14
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$253,275
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLAUDIA FREED President & CEO 40.00
Officer
$253,275 $0 $253,275
JAMES WYNN N/A 40.00
$155,179 $0 $155,179
GREGORY MINOR N/A 40.00
$100,000 $0 $100,000
NOEL NAVARRO Director 2.00
Director
$0 $0 $0
BAIRIE NICHOLS Director 2.00
Director
$0 $0 $0
DAVID TRETTER Director 2.00
Director
$0 $0 $0
KAREN BELLING Chairman 5.00
Officer Director
$0 $0 $0
LAUREN WILLIAMS Director 2.00
Director
$0 $0 $0
ELAINE CARTIER Director 2.00
Director
$0 $0 $0
GREG MORRIS Secretary 2.00
Officer Director
$0 $0 $0
SAMUEL NELSON Director 2.00
Director
$0 $0 $0
PAMELA BOZEMAN Director 2.00
Director
$0 $0 $0
STEVE MORRIS Treasurer 5.00
Officer Director
$0 $0 $0
JASON MANNING VICE CHAIR 2.00
Officer Director
$0 $0 $0
RICHARD XU Director 2.00
Director
$0 $0 $0
SAM BEARDEN Director 2.00
Director
$0 $0 $0
TERRY HATFIELD B Director 2.00
Director
$0 $0 $0
HARI PILLAI Director 2.00
Director
$0 $0 $0
STEVE HOSELTON Prior Treasurer 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $5,608,964 $5,853,516 $2,398,622 $-244,552
2023 $5,417,638 $5,660,112 $2,655,023 $-242,474
2022 $6,114,861 $5,891,781 $2,907,714 $223,080
2021 $5,416,087 $5,241,322 $2,688,138 $174,765
2020 $4,537,116 $4,583,700 $2,568,184 $-46,584
2019 $5,061,593 $4,443,669 $2,523,487 $617,924
2018 $3,649,714 $3,441,009 $1,938,624 $208,705
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