Sponsors For Educational Opportunity Inc
- Assets
- $76.1m
- Revenue
- $45.8m
- Investments
- $0.0
- Employees
- 662
- Location
- New York, NY
- Founding
- 08/1965
- Data as of
- 08/2023
- EIN
- 13-2578670
Organization Overview
Sponsors For Educational Opportunity Inc, operating under the name Seoseizing Every Opportunitygolkin, is located in New York, NY. The organization was established in 1965. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 08/2023, Seoseizing Every Opportunitygolkin employed 662 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seoseizing Every Opportunitygolkin is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Seoseizing Every Opportunitygolkin generated $45.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $44.2m during the year ending 08/2023. While expenses have increased by 15.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Goodloe President & CEO | Officer | 40 | $736,017 |
Julian Johnson Thru 83123 Executive Vice President | Officer | 40 | $346,796 |
Mindy Davis Sr Vp&mg Dir, Seo Career | Officer | 40 | $281,257 |
Rene Goldberg Vp-Information Technology | 40 | $249,542 | |
Catherine Finneran Vp, Seo Scholars, College | 40 | $208,376 | |
Omar Wandera Executive Dir., Seo Scholar | Officer | 40 | $202,958 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vchief Llc Staff Services | 8/30/23 | $211,290 |
Career Coaching Sac Prof. Development | 8/30/23 | $207,718 |
Pillars Of Wall Street Llc Financial Training | 8/30/23 | $199,000 |
Giant Machines Software Llc Performance Mgt | 8/30/23 | $175,000 |
Say Yes Guilford Consulting | 8/30/23 | $172,380 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,977,850 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,560,121 |
| Noncash contributions included in lines 1a–1f | $605,721 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,537,971 |
| Total Program Service Revenue | $0 |
| Investment income | $587,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$346,366 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,778,804 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,863,670 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,410,384 |
| Compensation of current officers, directors, key employees. | $360,927 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,171,714 |
| Pension plan accruals and contributions | $869,072 |
| Other employee benefits | $3,120,856 |
| Payroll taxes | $1,919,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $152,236 |
| Fees for services: Accounting | $161,177 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,418,777 |
| Advertising and promotion | $10,680 |
| Office expenses | $614,344 |
| Information technology | $1,790,040 |
| Royalties | $0 |
| Occupancy | $863,830 |
| Travel | $841,636 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $975,775 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $552,491 |
| Insurance | $219,188 |
| All other expenses | $197,023 |
| Total functional expenses | $44,212,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,566 |
| Savings and temporary cash investments | $21,857,432 |
| Pledges and grants receivable | $13,815,314 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $860,662 |
| Net Land, buildings, and equipment | $6,322,237 |
| Investments—publicly traded securities | $29,489,645 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,724,069 |
| Total assets | $76,070,925 |
| Accounts payable and accrued expenses | $2,596,052 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,002,682 |
| Total liabilities | $6,598,734 |
| Net assets without donor restrictions | $52,352,548 |
| Net assets with donor restrictions | $17,119,643 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $76,070,925 |
Grants Awarded
Over the last fiscal year, Sponsors For Educational Opportunity Inc has awarded $26,980 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN OF PROMISE NYC PURPOSE: GENERAL OPERATING SUPPORT | $6,745 |
NETWORK FOR TEACHING PURPOSE: GENERAL OPERATING SUPPORT | $6,745 |
URBAN WORD PURPOSE: GENERAL OPERATING SUPPORT | $6,745 |
WORKING IN SUPPORT OF PURPOSE: GENERAL OPERATING SUPPORT | $6,745 |