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Nonprofiteer
← SPONSORS FOR EDUCATIONAL OPPORTUNITY INC

Form 990 for tax year 2024

Filed by SPONSORS FOR EDUCATIONAL OPPORTUNITY INC.

Totals

Total revenue
$75,323,292
Total expenses
$50,936,130
Contributions and grants received
$73,779,667
Grants paid
$1,475,475
Program service revenue
$0
Investment income
$2,153,579
Other revenue
-$609,954
Total assets, end of year
$138,040,556
Total liabilities, end of year
$8,958,139
Net assets or fund balances, end of year
$129,082,417
Program services expenses (Part IX)
$42,243,940
Management and general expenses
$5,595,530
Fundraising expenses
$3,096,660
Program service expenses (Part III)
$42,243,940

Program services were 82.9% 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

    $13,617,302

  • 1f · All other contributions, gifts and grants

    $60,162,365

  • 1g · Noncash contributions included above

    $1,110,069

  • 3 · Investment income

    total $1,325,958 · excluded $1,325,958

  • 6a · Gross rents

    real property $19,507

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $19,507

  • 6d · Net rental income or loss

    total $19,507 · excluded $19,507

  • 7a · Gross sales of assets other than inventory

    securities $6,435,474

  • 7b · Less cost or other basis and sales expenses

    securities $3,262,866 · other assets $2,344,987

  • 7c · Gain or loss

    securities $3,172,608 · other assets -$2,344,987

  • 7d · Net gain or loss

    total $827,621 · excluded $827,621

  • 8a · Fundraising events: gross income

    $1,318,207

  • 8a · Fundraising events: contributions included on line 1c

    $13,617,302

  • 8b · Fundraising events: direct expenses

    $1,947,668

  • 8c · Net income from fundraising events

    total -$629,461 · excluded -$629,461

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,475,475 · program services $1,475,475

  • 5 · Compensation of officers, directors and key employees

    total $3,416,994 · program services $2,864,550 · management and general $304,906 · fundraising $247,538

  • 7 · Other salaries and wages

    total $25,488,417 · program services $21,367,578 · management and general $2,274,386 · fundraising $1,846,453

  • 8 · Pension plan contributions

    total $891,876 · program services $755,585 · management and general $79,805 · fundraising $56,486

  • 9 · Other employee benefits

    total $4,102,768 · program services $3,470,549 · management and general $366,960 · fundraising $265,259

  • 10 · Payroll taxes

    total $2,253,593 · program services $1,905,451 · management and general $201,543 · fundraising $146,599

  • 11b · Fees: legal

    total $286,666 · program services $35,609 · management and general $251,057

  • 11c · Fees: accounting

    total $182,765 · management and general $182,765

  • 11g · Fees: other

    total $3,223,246 · program services $2,911,787 · management and general $185,257 · fundraising $126,202

  • 12 · Advertising and promotion

    total $47,605 · program services $39,939 · management and general $7,666

  • 13 · Office expenses

    total $708,162 · program services $556,399 · management and general $95,912 · fundraising $55,851

  • 14 · Information technology

    total $2,491,913 · program services $2,319,155 · management and general $102,757 · fundraising $70,001

  • 16 · Occupancy

    total $1,230,877 · program services $622,514 · management and general $536,791 · fundraising $71,572

  • 17 · Travel

    total $1,381,767 · program services $1,328,233 · management and general $27,718 · fundraising $25,816

  • 19 · Conferences, conventions and meetings

    total $1,369,060 · program services $1,201,638 · management and general $157,608 · fundraising $9,814

  • 22 · Depreciation, depletion and amortization

    total $500,784 · program services $188,297 · management and general $244,542 · fundraising $67,945

  • 23 · Insurance

    total $283,032 · program services $151,625 · management and general $100,764 · fundraising $30,643

  • 24a · Other expenses: EQUIPMENT MAINTENANCE

    total $423,777 · program services $380,419 · management and general $28,503 · fundraising $14,855

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $269,186 · program services $265,352 · management and general $3,834

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $255,265 · program services $104,888 · management and general $113,293 · fundraising $37,084

  • 24d · Other expenses: RENOVATION COST

    total $197,385 · management and general $197,385

  • 24e · All other expenses

    total $455,517 · program services $298,897 · management and general $132,078 · fundraising $24,542

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,617,504 · end of year $3,713,578

  • 2 · Savings and temporary cash investments

    beginning of year $13,474,087 · end of year $17,200,409

  • 3 · Pledges and grants receivable

    beginning of year $38,180,838 · end of year $61,788,030

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,249,538 · end of year $1,359,831

  • 10a · Land, buildings and equipment: cost or other basis

    $18,054,333

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,990,703

  • 10c · Land, buildings and equipment, net

    beginning of year $12,382,580 · end of year $14,063,630

  • 11 · Investments: publicly traded securities

    beginning of year $35,664,668 · end of year $33,874,127

  • 12 · Investments: other securities

    end of year $3,195,950

  • 14 · Intangible assets

    end of year $26,039

  • 15 · Other assets

    beginning of year $2,339,097 · end of year $2,818,962

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,143,309 · end of year $3,722,023

  • 18 · Grants payable

    beginning of year $1,984,144 · end of year $2,534,975

  • 25 · Other liabilities

    beginning of year $3,228,887 · end of year $2,701,141

  • 27 · Net assets without donor restrictions

    beginning of year $63,703,383 · end of year $59,262,138

  • 28 · Net assets with donor restrictions

    beginning of year $40,848,589 · end of year $69,820,279

Mission and programs · 2024

Mission

SEO BELIEVES THAT WHILE TALENT IS WIDELY DISTRIBUTED, OPPORTUNITY IS NOT. SEO IS OPEN TO ALL TO APPLY AND PARTICIPATE IN OUR SIX DISTINCT PROGRAMS FOCUSED ON CLOSING THE EDUCATIONAL AND CAREER OPPORTUNITY GAP: SEO SCHOLARS SERVES PUBLIC HIGH SCHOOL STUDENTS WITH LOCATIONS IN NYC, SAN FRANCISCO, NORTH CAROLINA, AND MIAMI; SEO CAREER SERVES COLLEGE STUDENTS SEEKING SUMMER INTERNSHIPS; SEO ALTERNATIVE INVESTMENTS SERVES YOUNG PROFESSIONALS INTERESTED IN ENTERING THE ALTERNATIVES SECTOR; SEO TECH DEVELOPER SERVES COLLEGE STUDENTS INTERESTED IN PURSUING A CAREER IN TECHNOLOGY; SEO LAW SERVES PRE-LAW SCHOOL STUDENTS; AND SEO LEADERSHIP INSTITUTE SERVES SEO ALUMNI INTERESTED IN PURSUING PROFESSIONAL DEVELOPMENT AND CIVIC ENGAGEMENT.

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 SERVES 2,500+ HIGH SCHOOL AND COLLEGE STUDENTS ANNUALLY. ALL ARE WELCOME TO APPLY.

    Expenses $25,604,321 · Grants $1,322,608

  • 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 2025 INTERN CLASS HAD 764 STUDENTS WORKING WITH 133 CORPORATE PARTNERS IN MORE THAN 76 LOCATIONS ACROSS THE COUNTRY. ALL ARE WELCOME TO APPLY.

    Expenses $9,901,793 · Grants $112,867

  • SEO ALTERNATIVE INVESTMENTS PROVIDES EDUCATION, EXPOSURE, TRAINING, AND MENTORSHIP TO HELP HIGH-ACHIEVING PROFESSIONALS INTERESTED IN ENTERING THE ALTERNATIVES SECTOR. APPROXIMATELY 90% OF SEO ALTERNATIVES FELLOWS SECURE FULL-TIME ROLES IN THE SECTOR. IN 2025, SEO ALTERNATIVE INVESTMENTS ACCEPTED 100+ FELLOWS AND HAD 600+ CANDIDATES IN THE PIPELINE. SEO'S ANNUAL ALTERNATIVES CONFERENCE (AICON) IS ATTENDED BY NEARLY OVER 600 PROFESSIONALS IN THE SECTOR. ALL ARE WELCOME TO APPLY.

    Expenses $2,871,364

  • SEO TECH DEVELOPER IS A VIRTUAL, INTENSIVE IMMERSION PROGRAM TO PROPEL FIRST-YEAR AND SOPHOMORE COMPUTER SCIENCE AND SOFTWARE ENGINEERING COLLEGE STUDENTS TO CAREERS IN TECHNOLOGY INCLUDING A PAID SIX-WEEK SUMMER RESIDENCY. IN 2025, 125 STUDENTS PARTICIPATED IN THE SUMMER COHORT. SINCE PROGRAM INCEPTION IN 2021, MORE THAN 80% OF PARTICIPANTS HAVE RECEIVED OFFERS FOR COMPETITIVE TECHNOLOGY INTERNSHIPS. ALL ARE WELCOME TO APPLY.

    Expenses $1,741,307

  • SEO LAW HELPS ASPIRING LAW STUDENTS THRIVE IN LAW SCHOOL AND EXCEL IN THEIR LEGAL CAREERS THROUGH TRAINING, CAREER DEVELOPMENT, AND INTERNSHIPS, ALL BEFORE STARTING LAW SCHOOL. IN 2025, SEO LAW SERVED 103 LAW FELLOWS, WHO INTERNED AT 27 LAW FIRMS IN 14 CITIES. ALL ARE WELCOME TO APPLY.

    Expenses $1,466,483 · Grants $40,000

  • SEO LEADERSHIP INSTITUTE PROVIDES ONGOING DEVELOPMENT FOR SEO ALUMNI, CUSTOMIZED FOR EACH STAGE OF THEIR CAREER, WITH THREE DISTINCT FEATURES: MAKING CONNECTIONS, PROFESSIONAL AND PERSONAL DEVELOPMENT, AND CIVIC ENGAGEMENT. SEO HAS 14,000 ALUMNI IN THE US AND 26,000 ALUMNI WORLDWIDE.

    Expenses $658,672

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • HENRY R KRAVIS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • VERDUN S PERRY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • GILBERT A GARCIA

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • MARK BIELER

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • AMY ELLIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CARLA A HARRIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHRIS LEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DEBORAH L HARMON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • EDWARD TAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ERIC J LEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • FRANK A BAKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • HARA AMDEMARIAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • HYTHEM T EL-NAZER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOHN CIVANTOS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH J PLUMERI II

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JULIAN C SALISBURY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KAMMY MOALEMZADEH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KATHRYN WYLDE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KEITH H WOFFORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KENNETH B MEHLMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MAYA CHORENGEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MAYBEL MARTE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MENNA M SAMAHA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MILTON BERLINSKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • NICHOLAS HUMPHRIES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • NINON MARAPACHI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • NISHI SOMAIYA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ORLANDO BRAVO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • OSCAR SALAZAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RAJ RAO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RAMSEY D SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TAJ J CLAYTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL OSHEOWITZ

    BOARD MEMBER (UNTIL 03/25)

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM GOODLOE

    PRESIDENT AND CEO

    Total calculated
    $836,798
    From this org
    $774,646
    From related orgs
    $0
    Other
    $62,152
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $624,646
    Bonus
    $150,000
    Other
    $0
    Deferred
    $42,000
    Nontaxable benefits
    $20,152
    Filer's total
    $836,798

  • ANDREW FAIRBAIRN

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $410,251
    From this org
    $358,482
    From related orgs
    $0
    Other
    $51,769
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $326,168
    Bonus
    $32,314
    Other
    $0
    Deferred
    $37,082
    Nontaxable benefits
    $14,687
    Filer's total
    $410,251

  • SARATU GHARTEY

    CHIEF OPERATING OFFICER AND LEGAL COUNSEL

    Total calculated
    $363,644
    From this org
    $312,724
    From related orgs
    $0
    Other
    $50,920
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,096
    Bonus
    $27,628
    Other
    $0
    Deferred
    $14,155
    Nontaxable benefits
    $36,765
    Filer's total
    $363,644

  • ELDRIDGE GILBERT III

    SENIOR VICE PRESIDENT - SCHOLARS

    Total calculated
    $335,066
    From this org
    $306,819
    From related orgs
    $0
    Other
    $28,247
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,741
    Bonus
    $28,078
    Other
    $0
    Deferred
    $15,347
    Nontaxable benefits
    $12,900
    Filer's total
    $335,066

  • MINDY DAVIS

    SVP AND MANAGING DIRECTOR - CAREER

    Total calculated
    $338,292
    From this org
    $287,419
    From related orgs
    $0
    Other
    $50,873
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,484
    Bonus
    $18,935
    Other
    $0
    Deferred
    $21,500
    Nontaxable benefits
    $29,373
    Filer's total
    $338,292

  • CATHERINE FINNERAN

    VICE PRESIDENT

    Total calculated
    $299,309
    From this org
    $223,452
    From related orgs
    $0
    Other
    $75,857
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,666
    Bonus
    $15,786
    Other
    $0
    Deferred
    $34,000
    Nontaxable benefits
    $41,857
    Filer's total
    $299,309

  • RAINA SINGH

    VICE PRESIDENT - ALTERNATIVE INVESTMENTS

    Total calculated
    $263,593
    From this org
    $207,558
    From related orgs
    $0
    Other
    $56,035
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,811
    Bonus
    $14,747
    Other
    $0
    Deferred
    $19,270
    Nontaxable benefits
    $36,765
    Filer's total
    $263,593

  • ALISON SOLER

    DIRECTOR - DEVELOPMENT

    Total calculated
    $251,447
    From this org
    $217,789
    From related orgs
    $0
    Other
    $33,658
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,489
    Bonus
    $14,300
    Other
    $0
    Deferred
    $7,858
    Nontaxable benefits
    $25,800
    Filer's total
    $251,447

  • NICOLE MCCAULEY

    SENIOR DIRECTOR

    Total calculated
    $211,701
    From this org
    $192,140
    From related orgs
    $0
    Other
    $19,561
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,901
    Bonus
    $13,239
    Other
    $0
    Deferred
    $4,874
    Nontaxable benefits
    $14,687
    Filer's total
    $211,701

  • RENE GOLDBERG

    VICE PRESIDENT - INFORMATION TECHNOLOGY

    Total calculated
    $322,709
    From this org
    $254,544
    From related orgs
    $0
    Other
    $68,165
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,836
    Bonus
    $16,708
    Other
    $0
    Deferred
    $38,792
    Nontaxable benefits
    $29,373
    Filer's total
    $322,709

  • VIJAY SANDHU

    VICE PRESIDENT - FINANCE

    Total calculated
    $271,610
    From this org
    $238,066
    From related orgs
    $0
    Other
    $33,544
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,469
    Bonus
    $14,597
    Other
    $0
    Deferred
    $33,544
    Nontaxable benefits
    $0
    Filer's total
    $271,610

  • NICOLE MOORE

    VICE PRESIDENT - HEAD OF CAREER PROG AND OPS

    Total calculated
    $276,689
    From this org
    $217,554
    From related orgs
    $0
    Other
    $59,135
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,109
    Bonus
    $15,445
    Other
    $0
    Deferred
    $17,278
    Nontaxable benefits
    $41,857
    Filer's total
    $276,689

  • OMAR WANDERA

    EXECUTIVE DIRECTOR

    Total calculated
    $267,162
    From this org
    $211,404
    From related orgs
    $0
    Other
    $55,758
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,252
    Bonus
    $15,152
    Other
    $0
    Deferred
    $13,901
    Nontaxable benefits
    $41,857
    Filer's total
    $267,162

  • KYOUNG LEE

    VICE PRESIDENT - PEOPLE AND CULTURE

    Total calculated
    $272,675
    From this org
    $208,564
    From related orgs
    $0
    Other
    $64,111
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,641
    Bonus
    $13,923
    Other
    $0
    Deferred
    $22,254
    Nontaxable benefits
    $41,857
    Filer's total
    $272,675

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' 2024 FORM W2S, 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
2024
Filed
26 June 2026
IRS schema version
2024v5.5
Source object
202641779349300719

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