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Tax Status Governance Fund Raising Financial

Name:	Educational Assistance Ltd.
Address:	P.O. Box 3021
	Glen Ellyn, IL 60138
Phone:	630 690-0010
Web Address:	http://www.inventorydonations.org/

Educational Assistance Ltd. meets the 20 Standards for Charity Accountability.

The primary goal of Educational Assistance Ltd. (“EAL”) (a nonprofit organization incorporated under the Illinois General Not-for Profit Corporation Act) is to create scholarships for financially disadvantaged students at post-secondary institutions through donations of inventory and other gifts. The underlying concept of EAL’s program entails the solicitation of support, primarily from business organizations throughout the continental United States, in the form of property and services. In turn, EAL recruits colleges nationally, which will issue scholarship tuition credits in exchange for donated property or services received through EAL for a handling charge. Needy students at participating colleges are awarded scholarship benefits from EAL as a result of this program. Donations which are not exchanged for scholarship tuition credits by EAL are converted to cash which is used to support operations and to fund the Trustee Direct Cash Scholarship program. This discretionary program is approved on an annual basis by the Board of Directors of EAL. Funds are disbursed to qualified colleges and universities within the EAL program for the benefit of needy students on their campuses.

For the fiscal year ended December 31, 2010, Educational Assistance Ltd.'s program expenses were:

Program Services	1,112,603
Total Program Expenses:	$1,112,603

Chief Executive : Claudia Freed, Executive Director & President

Compensation*:

$112,441

Chair of the Board: Daniel D. Mickelson
Chair's Profession / Business Affiliation: Chairman, CEO & President Aerofil Technology, Inc (Retired)

Co-Chair of the Board : Richard L Pflederer

Chair's Profession / Business Affiliation: Author and Lecturer

Board Size: 11

Paid Staff Size: 4

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:

referrals, networking

Fund raising costs were 8% of related contributions. (Related contributions, which totaled $1,245,551, are donations received as a result of fund raising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Educational Assistance Ltd.'s audited financial statements for the fiscal year ended December 31, 2010.

Source of Funds
Donated Property	1,245,551
Cash	3,602
Interest Income	3,403
Total Income	$1,252,556

Uses of Funds as a % of Total Expenses

Programs: 82%  Fund Raising: 8%  Administrative: 10%

Total income		$1,252,556
Program expenses		$1,112,603
Fund raising expenses		103,640
Administrative expenses		132,604
Total expenses		$1,348,847
Expenses in Excess of Income		(96,291)
Beginning net assets		609,371
Other Changes in Net Assets		(428,098)
Ending net assets		513,080
Total liabilities		16,117
Total assets		$529,197