Sponsors For Educational Opportunity Inc
- Assets
- $71.3m
- Revenue
- $43.7m
- Investments
- $0.0
- Employees
- 514
- Location
- New York, NY
- Founding
- 08/1965
- Data as of
- 08/2022
- 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 08/2022, Seoseizing Every Opportunitygolkin employed 514 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 08/2022, Seoseizing Every Opportunitygolkin generated $43.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $39.4m during the year ending 08/2022. While expenses have increased by 15.6% per year over the past 7 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
2022
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 STUDENTS 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% OF PARTICIPANTS ARE ACCEPTED TO FOUR-YEAR COLLEGES. FOR FISCAL YEAR 2022, SEO SCHOLARS SERVED 1,132 COLLEGE STUDENTS AT 190 CAMPUSES ACROSS 31 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 2021 AND 2022 OVER 1,200 SEO INTERNS WERE RECRUITED FOR PARTNERS NATIONWIDE AND 89 % OF THE ELIGIBLE INTERNS RECEIVED FULL TIME JOB OFFERS. TO DATE, SEO HAS RECRUITED OVER 8,200 INTERNS FOR ITS U.S. PARTNERS.
SEO ALTERNATIVE INVESTMENT PROVIDES EDUCATION, ACCESS, AND CAREER DEVELOPMENT TO BOTH YOUNG AND EXPERIENCED PROFESSIONALS WHO ARE TRADITIONALLY UNDERREPRESENTED IN THE ALTERNATIVE INVESTMENT SECTOR. THE INITIATIVE INCLUDES: THE SEO ALTERNATIVE INVESTMENT FELLOWSHIP PROGRAM (AIFP); INTERNSHIPS WITH ALTERNATIVE INVESTMENT FIRMS; AND THE SEO ALTERNATIVE INVESTMENT CONFERENCE. MORE THAN 845 INDIVIDUALS ATTENDED SEO'S 2022 ALTERNATIVE INVESTMENT CONFERENCE. SINCE INCEPTION, 90% OF ELIGIBLE FELLOWS HAVE RECEIVED FULL TIME JOB OFFERS IN THE ALTERNATIVE INVESTMENT SECTOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Goodloe President & CEO | Officer | 50 | $490,444 |
Julian Johnson Executive Vice President | Officer | 50 | $324,010 |
Sarah E Levin Goldstine Chief Admin. Off. Thru 5/2/22 | Officer | 50 | $287,162 |
Stephen L Sagner VP - Development Thru 4/29/22 | Officer | 50 | $267,632 |
Mindy Davis Managing Dir., Career General | Officer | 50 | $255,401 |
Millie Hau VP Of High School | Officer | 50 | $235,495 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eagle Hill Consulting Llc Consulting | 8/30/22 | $315,500 |
Vchief Llc Staff Services | 8/30/22 | $301,383 |
Avison Young Southern California Lt Property Management | 8/30/22 | $270,678 |
Pillars Of Wall Street Financial Training | 8/30/22 | $231,000 |
Cvent Llc Event Mgmt Software | 8/30/22 | $263,325 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,461,046 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,195,512 |
| Noncash contributions included in lines 1a–1f | $421,443 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,656,558 |
| Total Program Service Revenue | $0 |
| Investment income | $390,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,134 |
| Net Income from Fundraising Events | -$1,326,169 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,724,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,314,026 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,142,204 |
| Compensation of current officers, directors, key employees. | $333,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,898,154 |
| Pension plan accruals and contributions | $390,178 |
| Other employee benefits | $1,921,055 |
| Payroll taxes | $1,739,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $171,317 |
| Fees for services: Accounting | $67,513 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,741,212 |
| Advertising and promotion | $0 |
| Office expenses | $460,960 |
| Information technology | $1,860,249 |
| Royalties | $0 |
| Occupancy | $753,748 |
| Travel | $576,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $463,733 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $583,567 |
| Insurance | $134,848 |
| All other expenses | $0 |
| Total functional expenses | $39,417,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,995 |
| Savings and temporary cash investments | $21,616,244 |
| Pledges and grants receivable | $13,685,528 |
| 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 | $388,741 |
| Net Land, buildings, and equipment | $6,695,678 |
| Investments—publicly traded securities | $25,662,890 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,273,623 |
| Total assets | $71,324,699 |
| Accounts payable and accrued expenses | $2,960,105 |
| 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 | $3,006,298 |
| Total liabilities | $5,966,403 |
| Net assets without donor restrictions | $50,307,353 |
| Net assets with donor restrictions | $15,050,943 |
| 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 | $71,324,699 |
Grants Awarded
Over the last fiscal year, Sponsors For Educational Opportunity Inc has awarded $26,980 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $6,745 |
Brooklyn, NY PURPOSE: GENERAL OPERATING SUPPORT | $6,745 |
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $6,745 |
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $6,745 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sponsors For Educational Opportunity Inc has recieved totaling $155,000.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $100,000 |
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $50,000 |
Have Mercy Ministries Inc Maplewood, NJ PURPOSE: SEO SCHOLARS - NEW YORK | $5,000 |
Endowment Analysis
| Beg. Balance | $16,653,507 |
| Earnings | -$3,067,650 |
| Ending Balance | $13,585,857 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lawschool Admissions Council Inc Newtown, PA | $258,854,616 | $78,237,863 |
Uncommon Schools Inc New York, NY | $293,550,038 | $84,601,875 |
Educational Commission For Foreign Medical Graduates Philadelphia, PA | $218,692,756 | $72,786,979 |
Amsterdam House Continuing Care Retirement Community Inc Port Washington, NY | $223,728,704 | $36,044,280 |
Sponsors For Educational Opportunity Inc New York, NY | $71,324,699 | $43,724,114 |
The Achievement Network Ltd Boston, MA | $23,559,572 | $30,118,976 |
Leadership For Educational Equity New York, NY | $8,736,194 | $32,582,451 |
Foundation For City College New York, NY | $332,549,861 | $102,453,904 |
Saga Innovations Framingham, MA | $30,229,601 | $39,236,690 |
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |