Form 990 for tax year 2023
Filed by SPONSORS FOR EDUCATIONAL OPPORTUNITY INC.
Totals
- Total revenue
- $78,291,084
- Total expenses
- $48,290,236
- Contributions and grants received
- $76,689,835
- Grants paid
- $1,560,111
- Program service revenue
- $0
- Investment income
- $1,897,595
- Other revenue
- -$296,346
- Total assets, end of year
- $112,908,312
- Total liabilities, end of year
- $8,356,340
- Net assets or fund balances, end of year
- $104,551,972
- Program services expenses (Part IX)
- $40,783,122
- Management and general expenses
- $5,135,517
- Fundraising expenses
- $2,371,597
- Program service expenses (Part III)
- $40,783,122
Program services were 84.5% 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
$12,894,849
-
1f · All other contributions, gifts and grants
$63,794,986
-
1g · Noncash contributions included above
$5,666,477
-
3 · Investment income
total $1,383,431 · excluded $1,383,431
-
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
-
7a · Gross sales of assets other than inventory
securities $1,092,000
-
7b · Less cost or other basis and sales expenses
securities $577,836
-
7c · Gain or loss
securities $514,164
-
7d · Net gain or loss
total $514,164 · excluded $514,164
-
8a · Fundraising events: gross income
$1,715,317
-
8a · Fundraising events: contributions included on line 1c
$12,894,849
-
8b · Fundraising events: direct expenses
$2,011,663
-
8c · Net income from fundraising events
total -$296,346 · excluded -$296,346
-
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 $1,560,111 · program services $1,560,111
-
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 $3,247,200 · program services $2,757,887 · management and general $317,836 · fundraising $171,477
-
6 · Compensation of disqualified persons
total $29,180 · program services $24,807 · management and general $2,840 · fundraising $1,533
-
7 · Other salaries and wages
total $23,899,622 · program services $20,317,755 · management and general $2,326,125 · fundraising $1,255,742
-
8 · Pension plan contributions
total $849,085 · program services $709,713 · management and general $90,820 · fundraising $48,552
-
9 · Other employee benefits
total $3,759,558 · program services $3,151,292 · management and general $396,163 · fundraising $212,103
-
10 · Payroll taxes
total $2,226,816 · program services $1,866,535 · management and general $234,651 · fundraising $125,630
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $283,400 · management and general $283,400
-
11c · Fees: accounting
total $94,525 · management and general $94,525
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $3,667,508 · program services $3,312,337 · management and general $221,491 · fundraising $133,680
-
12 · Advertising and promotion
total $36,316 · program services $29,735 · management and general $5,381 · fundraising $1,200
-
13 · Office expenses
total $705,294 · program services $629,147 · management and general $54,579 · fundraising $21,568
-
14 · Information technology
total $2,557,148 · program services $2,093,752 · management and general $378,896 · fundraising $84,500
-
15 · Royalties
total $0
-
16 · Occupancy
total $937,194 · program services $689,419 · management and general $213,058 · fundraising $34,717
-
17 · Travel
total $1,423,900 · program services $1,350,915 · management and general $51,684 · fundraising $21,301
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,091,203 · program services $1,035,271 · management and general $39,608 · fundraising $16,324
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $550,857 · program services $293,221 · management and general $212,621 · fundraising $45,015
-
23 · Insurance
total $243,272 · program services $108,716 · management and general $115,831 · fundraising $18,725
-
24a · Other expenses: EQUIPMENT MAINTENANCE
total $328,822 · program services $284,504 · management and general $28,812 · fundraising $15,506
-
24b · Other expenses: PROGRAM SUPPLIES
total $268,132 · program services $252,033 · management and general $12,193 · fundraising $3,906
-
24c · Other expenses: BAD DEBT
total $145,578 · program services $6,000 · management and general $21,078 · fundraising $118,500
-
24d · Other expenses: STAFF TRAINING
total $143,413 · program services $117,424 · management and general $21,250 · fundraising $4,739
-
24e · All other expenses
total $242,102 · program services $192,548 · management and general $12,675 · fundraising $36,879
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,566 · end of year $1,566
-
2 · Savings and temporary cash investments
beginning of year $21,857,432 · end of year $23,090,025
-
3 · Pledges and grants receivable
beginning of year $13,815,314 · end of year $38,180,838
-
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 $860,662 · end of year $1,249,538
-
10a · Land, buildings and equipment: cost or other basis
$18,249,524
-
10b · Land, buildings and equipment: accumulated depreciation
$5,866,944
-
10c · Land, buildings and equipment, net
beginning of year $6,322,237 · end of year $12,382,580
-
11 · Investments: publicly traded securities
beginning of year $29,489,645 · end of year $35,664,668
-
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 $3,724,069 · end of year $2,339,097
-
17 · Accounts payable and accrued expenses
beginning of year $2,596,052 · end of year $3,143,309
-
18 · Grants payable
beginning of year $1,221,720 · end of year $1,984,144
-
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 $2,780,962 · end of year $3,228,887
-
27 · Net assets without donor restrictions
beginning of year $52,352,548 · end of year $63,703,383
-
28 · Net assets with donor restrictions
beginning of year $17,119,643 · end of year $40,848,589
Mission and programs · 2023
Mission
SEE SCHEDULE O
Activities or mission (Part I)
Founded in 1963, SEO closes educational and career opportunity gaps for 7,000+ ambitious young people annually.
-
SEO Scholars is a free, eight-year, academic program that transforms public high school students in New York City, San Francisco, North Carolina, and Miami into college graduates. SEO Scholars successfully educates and mentors students to and through college. 100% of Scholars are accepted into four-year colleges, 85% of Scholars graduate with a Bachelor's degree, and 80% are first-generation college graduates.SEO Scholars served 2,500+ high school and college students annually. All are welcome to apply.
Expenses $21,636,085 · Grants $1,401,512
-
SEO Career recruits and prepares high-achieving undergraduates for summer internships in corporate America, including Wall Street, commercial real estate, and technology, with more than 80% leading to coveted full-time jobs. The SEO Career Summer 2024 Intern Class had 820 students working with 165 corporate partners in more than 60 cities. All are welcome to apply. SEO Tech Developer is a virtual intensive, free immersion program to propel first-year and sophomore computer science and software engineering college students to the next level - including a paid six-week summer residency. all are welcome to apply. [SEE SCH O]
Expenses $11,043,725 · Grants $138,549
-
SEO Alternative Investments is an industry-wide program that provides education, exposure, training, and mentorship to help high-achieving professionals be competitive in the industry. Approximately 90% of SEO Alternatives Fellows secure full-time roles in the sector. In 2024, SEO Alternative Investments had 550 candidates in the pipeline and more than 90 corporate partners. All are welcome to apply.
Expenses $2,541,981
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
William GoodloeWILLIAM GOODLOE
PRESIDENT & CEO
- Total calculated
- $835,957
- From this org
- $775,927
- From related orgs
- $0
- Other
- $60,030
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $625,927
- Bonus
- $150,000
- Other
- $0
- Deferred
- $41,250
- Nontaxable benefits
- $18,780
- Filer's total
- $835,957
-
Andrew FairbairnANDREW FAIRBAIRN
EXECUTIVE VICE PRESIDENT
- Total calculated
- $392,113
- From this org
- $344,859
- From related orgs
- $0
- Other
- $47,254
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $319,259
- Bonus
- $25,600
- Other
- $0
- Deferred
- $33,740
- Nontaxable benefits
- $13,514
- Filer's total
- $392,113
-
Saratu GharteySARATU GHARTEY
CHIEF OPERATING OFFICER
- Total calculated
- $338,623
- From this org
- $302,797
- From related orgs
- $0
- Other
- $35,826
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $281,511
- Bonus
- $21,286
- Other
- $0
- Deferred
- $3,000
- Nontaxable benefits
- $32,826
- Filer's total
- $338,623
-
Mindy DavisMINDY DAVIS
SVP AND MANAGING DIR. - CAREER
- Total calculated
- $327,982
- From this org
- $279,704
- From related orgs
- $0
- Other
- $48,278
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $262,731
- Bonus
- $16,973
- Other
- $0
- Deferred
- $21,250
- Nontaxable benefits
- $27,028
- Filer's total
- $327,982
-
Rene GoldbergRENE GOLDBERG
VP-INFORMATION TECHNOLOGY
- Total calculated
- $311,304
- From this org
- $245,726
- From related orgs
- $0
- Other
- $65,578
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $231,686
- Bonus
- $14,040
- Other
- $0
- Deferred
- $38,550
- Nontaxable benefits
- $27,028
- Filer's total
- $311,304
-
Catherine FinneranCATHERINE FINNERAN
VICE PRESIDENT
- Total calculated
- $304,192
- From this org
- $231,979
- From related orgs
- $0
- Other
- $72,213
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,655
- Bonus
- $16,324
- Other
- $0
- Deferred
- $33,750
- Nontaxable benefits
- $38,463
- Filer's total
- $304,192
-
Vijay SandhuVIJAY SANDHU
VICE PRESIDENT - FINANCE
- Total calculated
- $274,132
- From this org
- $240,382
- From related orgs
- $0
- Other
- $33,750
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $222,494
- Bonus
- $17,888
- Other
- $0
- Deferred
- $33,750
- Nontaxable benefits
- $0
- Filer's total
- $274,132
-
Nicole MooreNICOLE MOORE
VP-HEAD OF CAREER PROGRAM&OPS
- Total calculated
- $272,705
- From this org
- $217,226
- From related orgs
- $0
- Other
- $55,479
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $204,247
- Bonus
- $12,979
- Other
- $0
- Deferred
- $17,016
- Nontaxable benefits
- $38,463
- Filer's total
- $272,705
-
Omar WanderaOMAR WANDERA
EXECUTIVE DIRECTOR
- Total calculated
- $264,385
- From this org
- $202,185
- From related orgs
- $0
- Other
- $62,200
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,467
- Bonus
- $13,718
- Other
- $0
- Deferred
- $23,737
- Nontaxable benefits
- $38,463
- Filer's total
- $264,385
-
Kyoung LeeKYOUNG LEE
VP- PEOPLE AND CULTURE
- Total calculated
- $259,336
- From this org
- $199,592
- From related orgs
- $0
- Other
- $59,744
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,872
- Bonus
- $11,720
- Other
- $0
- Deferred
- $21,647
- Nontaxable benefits
- $38,097
- Filer's total
- $259,336
-
Raina Singh
VP-ALTERNATIVE INVESTMENTS
- Total calculated
- $245,339
- From this org
- $196,101
- From related orgs
- $0
- Other
- $49,238
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $185,038
- Bonus
- $11,063
- Other
- $0
- Deferred
- $16,412
- Nontaxable benefits
- $32,826
- Filer's total
- $245,339
-
Alison SolerALISON SOLER
DIRECTOR - DEVELOPMENT
- Total calculated
- $226,224
- From this org
- $196,053
- From related orgs
- $0
- Other
- $30,171
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $185,854
- Bonus
- $10,199
- Other
- $0
- Deferred
- $7,084
- Nontaxable benefits
- $23,087
- Filer's total
- $226,224
-
Eldridge Gilbert IIIELDRIDGE GILBERT III
SR VICE PRESIDENT- SCHOLARS
- Total calculated
- $224,897
- From this org
- $216,965
- From related orgs
- $0
- Other
- $7,932
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $205,030
- Bonus
- $11,935
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $7,932
- Filer's total
- $224,897
-
Julian JohnsonJULIAN JOHNSON
FORMER- EXECUTIVE VP
- Total calculated
- $221,667
- From this org
- $187,055
- From related orgs
- $0
- Other
- $34,612
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $187,055
- Bonus
- $0
- Other
- $0
- Deferred
- $25,754
- Nontaxable benefits
- $8,858
- Filer's total
- $221,667
-
Nicole McCauleyNICOLE MCCAULEY
SENIOR DIRECTOR
- Total calculated
- $211,671
- From this org
- $193,242
- From related orgs
- $0
- Other
- $18,429
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,093
- Bonus
- $29,149
- Other
- $0
- Deferred
- $4,915
- Nontaxable benefits
- $13,514
- Filer's total
- $211,671
-
Henry R KravisHENRY R KRAVIS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Verdun S PerryVERDUN S PERRY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Mark BielerMARK BIELER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Gilbert A GarciaGILBERT A GARCIA
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Hara AmdemariamHARA AMDEMARIAM
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
-
Taj J ClaytonTAJ J CLAYTON
BOARD MEMBER AS OF 12/7/23
- 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 HarmonDEBORAH 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 LeeERIC 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 J Plumeri IIJOSEPH J PLUMERI II
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Raj RaoRAJ RAO
BOARD MEMBER AS OF 3/21/24
- Total calculated
- $0
- Hours/week
- 2
-
Oscar SalazarOSCAR SALAZAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Julian C SalisburyJULIAN C SALISBURY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Menna M SamahaMENNA M SAMAHA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Nishi SomaiyaNISHI SOMAIYA
BOARD MEMBER AS OF 3/21/24
- Total calculated
- $0
- Hours/week
- 2
-
Ramsey D SmithRAMSEY D SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Edward TamEDWARD TAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kathryn WyldeKATHRYN WYLDE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Keith H WoffordKEITH H WOFFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
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 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 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' 2023 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
- 2023
- Filed
- 11 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541959349301519
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