Form 990 for tax year 2022
Filed by SPONSORS FOR EDUCATIONAL OPPORTUNITY INC.
Totals
- Total revenue
- $45,778,804
- Total expenses
- $44,212,843
- Contributions and grants received
- $45,537,971
- Grants paid
- $1,863,670
- Program service revenue
- $0
- Investment income
- $587,199
- Other revenue
- -$346,366
- Total assets, end of year
- $76,070,925
- Total liabilities, end of year
- $6,598,734
- Net assets or fund balances, end of year
- $69,472,191
- Program services expenses (Part IX)
- $36,989,309
- Management and general expenses
- $5,053,167
- Fundraising expenses
- $2,170,367
- Program service expenses (Part III)
- $36,989,309
Program services were 83.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$13,977,850
-
1f · All other contributions, gifts and grants
$31,560,121
-
1g · Noncash contributions included above
$605,721
-
3 · Investment income
total $587,199 · unrelated business $0 · excluded $587,199
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$1,551,462
-
8a · Fundraising events: contributions included on line 1c
$13,977,850
-
8b · Fundraising events: direct expenses
$1,897,828
-
8c · Net income from fundraising events
total -$346,366 · excluded -$346,366
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $1,863,670 · program services $1,863,670
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $3,410,384 · program services $2,862,093 · management and general $360,927 · fundraising $187,364
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $21,171,714 · program services $17,767,915 · management and general $2,240,640 · fundraising $1,163,159
-
8 · Pension plan contributions
total $869,072 · program services $715,847 · management and general $103,859 · fundraising $49,366
-
9 · Other employee benefits
total $3,120,856 · program services $2,575,505 · management and general $368,662 · fundraising $176,689
-
10 · Payroll taxes
total $1,919,592 · program services $1,585,783 · management and general $225,326 · fundraising $108,483
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $152,236 · management and general $152,236
-
11c · Fees: accounting
total $161,177 · management and general $161,177
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $4,418,777 · program services $3,832,143 · management and general $379,762 · fundraising $206,872
-
12 · Advertising and promotion
total $10,680 · program services $8,649 · management and general $1,564 · fundraising $467
-
13 · Office expenses
total $614,344 · program services $529,579 · management and general $50,441 · fundraising $34,324
-
14 · Information technology
total $1,790,040 · program services $1,449,581 · management and general $262,206 · fundraising $78,253
-
15 · Royalties
total $0
-
16 · Occupancy
total $863,830 · program services $664,592 · management and general $168,810 · fundraising $30,428
-
17 · Travel
total $841,636 · program services $797,222 · management and general $32,550 · fundraising $11,864
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $975,775 · program services $924,282 · management and general $37,738 · fundraising $13,755
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $552,491 · program services $251,886 · management and general $254,696 · fundraising $45,909
-
23 · Insurance
total $219,188 · program services $99,930 · management and general $101,045 · fundraising $18,213
-
24a · Other expenses: PROGRAM SUPPLIES
total $403,687 · program services $386,651 · management and general $14,224 · fundraising $2,812
-
24b · Other expenses: EQUIPMENT MAINTENANCE
total $386,019 · program services $340,302 · management and general $29,153 · fundraising $16,564
-
24c · Other expenses: STAFF TRAINING
total $167,981 · program services $136,032 · management and general $24,606 · fundraising $7,343
-
24d · Other expenses: BAD DEBT
total $102,671 · program services $46,809 · management and general $47,331 · fundraising $8,531
-
24e · All other expenses
total $197,023 · program services $150,838 · management and general $36,214 · fundraising $9,971
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,995 · end of year $1,566
-
2 · Savings and temporary cash investments
beginning of year $21,616,244 · end of year $21,857,432
-
3 · Pledges and grants receivable
beginning of year $13,685,528 · end of year $13,815,314
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $388,741 · end of year $860,662
-
10a · Land, buildings and equipment: cost or other basis
$14,222,293
-
10b · Land, buildings and equipment: accumulated depreciation
$7,900,056
-
10c · Land, buildings and equipment, net
beginning of year $6,695,678 · end of year $6,322,237
-
11 · Investments: publicly traded securities
beginning of year $25,662,890 · end of year $29,489,645
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $3,273,623 · end of year $3,724,069
-
17 · Accounts payable and accrued expenses
beginning of year $2,960,105 · end of year $2,596,052
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $3,006,298 · end of year $4,002,682
-
27 · Net assets without donor restrictions
beginning of year $50,307,353 · end of year $52,352,548
-
28 · Net assets with donor restrictions
beginning of year $15,050,943 · end of year $17,119,643
Mission and programs · 2022
Mission
SEE SCHEDULE O
-
SEO SCHOLARS IS A FREE, EIGHT-YEAR, ACADEMIC PROGRAM THAT TRANSFORMS PUBLIC HIGH SCHOOL STUDENTS INTO COLLEGE GRADUATES. SEO SCHOLARS SUCCESSFULLY EDUCATES, AND MENTORS UNDERSERVED, LOW-INCOME PUBLIC HIGH SCHOOL STUDENT TO AND THROUGH COLLEGE--WITH A 90% COLLEGE GRADUATION RATE. SEO SCHOLARS EXCEED OR MATCH THE SAT SCORES OF ALL COLLEGE BOUND SENIORS NATIONALLY, ELIMINATING THE ACHIEVEMENT GAP AND 100% ARE ACCEPTED TO FOUR-YEAR COLLEGES. FOR FISCAL YEAR 2023 SEO SCHOLARS SERVED 1176 COLLEGE STUDENTS AT 192 CAMPUSES ACROSS 32 STATES.
Expenses $21,604,102 · Grants $1,543,705
-
SEO CAREER PREPARES HIGH ACHIEVING AND UNDERREPRESENTED STUDENTS, INCLUDING BLACK, LATINX, AND NATIVE AMERICAN COLLEGE STUDENTS FOR CHALLENGING SUMMER INTERNSHIPS THAT LEADS TO COVETED FULL-TIME JOBS. SEO CAREER CLOSES THE OPPORTUNITY GAP BY PROVIDING ENTRY TO HIGH GROWTH PROFESSIONAL OPPORTUNITIES AND BEST -IN-CLASS TRAINING FOR STUDENTS TO SUCCEED. IN 2022 AND 2023 OVER 1900 SEO INTERNS WERE RECRUITED FOR PARTNERS NATIONWIDE AND 77 % OF THE ELIGIBLE INTERNS RECEIVED FULL TIME JOB OFFERS. TO DATE SEO HAS RECRUITED OVER 9,100 INTERNS FOR ITS U.S. PARTNERS.
Expenses $8,520,622 · Grants $258,608
-
SEO ALTERNATIVE INVESTMENTS PROVIDES EDUCATION, ACCESS, AND CAREER DEVELOPMENT TO BOTH YOUNG AND EXPERIENCED PROFESSIONALS WHO ARE TRADITIONALLY UNDERREPRESENTED IN THE ALTERNATIVE INVESTMENTS SECTOR.THE INITIATIVE INCLUDES: THE SEO ALTERNATIVE INVESTMENTS FELLOWSHIP PROGRAM (AIFP); INTERNSHIPS WITH ALTERNATIVE INVESTMENTS FIRM; AND THE SEO ALTERNATIVE INVESTMENTS CONFERENCE. MORE THAN 630 INDIVIDUALS ATTENDED SEO'S 2023 ALTERNATIVE INVESTMENTS CONFERENCE. SINCE INCEPTION 90% OF ELIGIBLE FELLOW HAVE RECEIVED FULL TIME JOB OFFERS IN THE ALTERNATIVE INVESTMENTS SECTOR.
Expenses $2,181,656
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
William Goodloe
President & CEO
- Total calculated
- $792,741
- From this org
- $736,017
- From related orgs
- $0
- Other
- $56,724
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $586,017
- Bonus
- $150,000
- Other
- $0
- Deferred
- $37,250
- Nontaxable benefits
- $19,474
- Filer's total
- $792,741
-
Julian Johnson THRU 83123
Executive Vice President
- Total calculated
- $397,573
- From this org
- $346,796
- From related orgs
- $0
- Other
- $50,777
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $314,709
- Bonus
- $32,087
- Other
- $0
- Deferred
- $36,100
- Nontaxable benefits
- $14,677
- Filer's total
- $397,573
-
Mindy Davis
sr vp&mg dir, seo career
- Total calculated
- $330,785
- From this org
- $281,257
- From related orgs
- $0
- Other
- $49,528
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $258,276
- Bonus
- $22,981
- Other
- $0
- Deferred
- $20,174
- Nontaxable benefits
- $29,354
- Filer's total
- $330,785
-
Rene Goldberg
VP-Information Technology
- Total calculated
- $316,144
- From this org
- $249,542
- From related orgs
- $0
- Other
- $66,602
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $229,142
- Bonus
- $20,400
- Other
- $0
- Deferred
- $37,248
- Nontaxable benefits
- $29,354
- Filer's total
- $316,144
-
Catherine Finneran
vp, seo scholars, college
- Total calculated
- $280,432
- From this org
- $208,376
- From related orgs
- $0
- Other
- $72,056
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $191,114
- Bonus
- $17,262
- Other
- $0
- Deferred
- $30,750
- Nontaxable benefits
- $41,306
- Filer's total
- $280,432
-
Omar Wandera
EXECUTIVE DIR., SEO SCHOLAR
- Total calculated
- $275,529
- From this org
- $202,958
- From related orgs
- $0
- Other
- $72,571
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $183,292
- Bonus
- $19,666
- Other
- $0
- Deferred
- $30,741
- Nontaxable benefits
- $41,830
- Filer's total
- $275,529
-
Nicole Moore
VP-Head of Career Program&OPS
- Total calculated
- $274,195
- From this org
- $218,156
- From related orgs
- $0
- Other
- $56,039
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $198,809
- Bonus
- $19,347
- Other
- $0
- Deferred
- $15,311
- Nontaxable benefits
- $40,728
- Filer's total
- $274,195
-
Colin Shay
DIR-EXE INIT./Acting HR DIR.
- Total calculated
- $261,464
- From this org
- $206,261
- From related orgs
- $0
- Other
- $55,203
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $189,608
- Bonus
- $16,653
- Other
- $0
- Deferred
- $19,464
- Nontaxable benefits
- $35,739
- Filer's total
- $261,464
-
Raina Singh
VP-Alternative Investments
- Total calculated
- $249,225
- From this org
- $198,222
- From related orgs
- $0
- Other
- $51,003
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $181,274
- Bonus
- $16,948
- Other
- $0
- Deferred
- $15,264
- Nontaxable benefits
- $35,739
- Filer's total
- $249,225
-
Valin Jordan
Nat'l Dir-Learning&EvaluatiON
- Total calculated
- $217,432
- From this org
- $188,610
- From related orgs
- $0
- Other
- $28,822
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,313
- Bonus
- $13,297
- Other
- $0
- Deferred
- $14,145
- Nontaxable benefits
- $14,677
- Filer's total
- $217,432
-
Nicole McCauley
SR DIR, SEO SCHOLARS, HS
- Total calculated
- $216,912
- From this org
- $197,419
- From related orgs
- $0
- Other
- $19,493
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,662
- Bonus
- $32,757
- Other
- $0
- Deferred
- $4,816
- Nontaxable benefits
- $14,677
- Filer's total
- $216,912
-
Alison Soler
Director - Development
- Total calculated
- $211,949
- From this org
- $180,985
- From related orgs
- $0
- Other
- $30,964
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,580
- Bonus
- $14,405
- Other
- $0
- Deferred
- $5,884
- Nontaxable benefits
- $25,080
- Filer's total
- $211,949
-
Daree Lewis
Director-Leadership InstitutE
- Total calculated
- $178,871
- From this org
- $158,994
- From related orgs
- $0
- Other
- $19,877
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $144,902
- Bonus
- $14,092
- Other
- $0
- Deferred
- $5,200
- Nontaxable benefits
- $14,677
- Filer's total
- $178,871
-
Saratu Ghartey
Chief Operating Officer
- Total calculated
- $169,955
- From this org
- $130,063
- From related orgs
- $0
- Other
- $39,892
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $119,298
- Bonus
- $10,765
- Other
- $0
- Deferred
- $3,904
- Nontaxable benefits
- $35,988
- Filer's total
- $169,955
-
Sarah E Levin Goodstine
former Chief Admin. Officer
- Total calculated
- $156,826
- From this org
- $124,960
- From related orgs
- $0
- Other
- $31,866
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $124,960
- Bonus
- $0
- Other
- $0
- Deferred
- $18,800
- Nontaxable benefits
- $13,066
- Filer's total
- $156,826
-
Andrew Fairbairn
Executive VP EFF. 9/1/22
- Total calculated
- $153,728
- From this org
- $131,251
- From related orgs
- $0
- Other
- $22,477
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $108,929
- Bonus
- $22,322
- Other
- $0
- Deferred
- $17,465
- Nontaxable benefits
- $5,012
- Filer's total
- $153,728
-
Henry KravisHENRY KRAVIS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Verdun PerryVERDUN PERRY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Mark BielerMARK BIELER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Gilbert GarciaGILBERT GARCIA
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Hara AmdermariamHARA AMDERMARIAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Frank BakerFRANK BAKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Milton BerlinskiMILTON BERLINSKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Orlando BravoORLANDO BRAVO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Maya ChorengelMAYA CHORENGEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
John CivantosJOHN CIVANTOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Hythem T El-NazerHYTHEM T EL-NAZER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Amy EllisAMY ELLIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Deborah L Harmon
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Carla HarrisCARLA HARRIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Nicholas HumphriesNICHOLAS HUMPHRIES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Chris LeeCHRIS LEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Eric J Lee
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ninon MarapachiNINON MARAPACHI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Maybel MarteMAYBEL MARTE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kenneth MehlmanKENNETH MEHLMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kammy MoalemzadehKAMMY MOALEMZADEH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joseph Plumeri IIJOSEPH PLUMERI II
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Oscar SalazarOSCAR SALAZAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Julian C Salisbury
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Menna M SamahaMENNA M SAMAHA
BOARD MEMBER eff. july 2023
- Total calculated
- $0
- Hours/week
- 2
-
Ramsey SmithRAMSEY SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Edward TamEDWARD TAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Keith WoffordKEITH WOFFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kathryn WyldeKATHRYN WYLDE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Eldridge Gilbert III
sr vp - seo scholars eff 3/23
- Total calculated
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 7:
- Bonuses were paid based on the performance of the individuals and within the approved budget. Bonuses were taxable and reported on the individuals' 2022 form w-2s, and included on schedule j, part ii in column b (ii).
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411909349301126
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