Civic Intelligence

Sponsors for Educational Opportunityinc

EIN 13-2578670 • 501(c)3 • New York, NY

Profile

Founded in 1963, SEO closes educational and career opportunity gaps for 7,000+ ambitious young people annually.

55 Exchange PlaceNew York, NY 10005

www.seo-usa.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

24th percentile

0.07x

Higher debt load relative to assets than 24% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

17th percentile

0.11x

Higher debt load relative to revenue than 17% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

88th percentile

38%

Higher net margin than 88% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

95th percentile

48%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

71%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$112,908,312

Up $36,837,387 (+48%) from 2023

Liabilities

Up

$8,356,340

Up $1,757,606 (+27%) from 2023

Net Assets

Up

$104,551,972

Up $35,079,781 (+50%) from 2023

Revenue

Up

$78,291,084

Up $32,512,280 (+71%) from 2023

Expenses

Up

$48,290,236

Up $4,077,393 (+9.2%) from 2023

Net Income

Up

$30,000,848

Up $28,434,887 (+1816%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2011: $21,978,903Liabilities 2011: $538,337Net Assets 2011: $21,440,5662011Assets 2012: $21,386,071Liabilities 2012: $447,656Net Assets 2012: $20,938,4152012Assets 2013: $21,537,864Liabilities 2013: $635,270Net Assets 2013: $20,902,5942013Assets 2014: $26,567,249Liabilities 2014: $672,519Net Assets 2014: $25,894,7302014Assets 2015: $29,818,283Liabilities 2015: $703,772Net Assets 2015: $29,114,5112015Assets 2016: $34,564,109Liabilities 2016: $1,010,875Net Assets 2016: $33,553,2342016Assets 2017: $36,643,510Liabilities 2017: $1,208,255Net Assets 2017: $35,435,2552017Assets 2018: $36,830,113Liabilities 2018: $1,968,407Net Assets 2018: $34,861,7062018Assets 2019: $38,896,712Liabilities 2019: $2,090,018Net Assets 2019: $36,806,6942019Assets 2020: $51,696,255Liabilities 2020: $5,147,367Net Assets 2020: $46,548,8882020Assets 2021: $70,514,583Liabilities 2021: $5,678,779Net Assets 2021: $64,835,8042021Assets 2022: $71,324,699Liabilities 2022: $5,966,403Net Assets 2022: $65,358,2962022Assets 2023: $76,070,925Liabilities 2023: $6,598,734Net Assets 2023: $69,472,1912023Assets 2024: $112,908,312Liabilities 2024: $8,356,340Net Assets 2024: $104,551,9722024

Highlighted filing

2024

Assets$112,908,312
Liabilities$8,356,340
Net Assets$104,551,972

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MRevenue 2011: $9,035,374Expenses 2011: $7,333,886Net Income 2011: $1,701,4882011Expenses 2012: $7,862,6472012Revenue 2013: $8,267,932Expenses 2013: $8,181,309Net Income 2013: $86,6232013Revenue 2014: $14,622,271Expenses 2014: $10,117,873Net Income 2014: $4,504,3982014Revenue 2015: $15,441,339Expenses 2015: $12,113,787Net Income 2015: $3,327,5522015Revenue 2016: $18,136,970Expenses 2016: $14,280,412Net Income 2016: $3,856,5582016Revenue 2017: $18,953,140Expenses 2017: $17,839,508Net Income 2017: $1,113,6322017Revenue 2018: $19,321,987Expenses 2018: $20,449,654Net Income 2018: -$1,127,6672018Revenue 2019: $25,863,520Expenses 2019: $24,198,817Net Income 2019: $1,664,7032019Revenue 2020: $34,796,982Expenses 2020: $26,945,287Net Income 2020: $7,851,6952020Revenue 2021: $48,114,701Expenses 2021: $32,925,572Net Income 2021: $15,189,1292021Revenue 2022: $43,724,114Expenses 2022: $39,417,219Net Income 2022: $4,306,8952022Revenue 2023: $45,778,804Expenses 2023: $44,212,843Net Income 2023: $1,565,9612023Revenue 2024: $78,291,084Expenses 2024: $48,290,236Net Income 2024: $30,000,8482024

Highlighted filing

2024

Revenue$78,291,084
Expenses$48,290,236
Net Income$30,000,848

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$8.36$105$78.3$48.3$30.0
2023Detailed filing. Detailed filing data is available for this year.$76.1$6.60$69.5$45.8$44.2$1.57
2022Detailed filing. Detailed filing data is available for this year.$71.3$5.97$65.4$43.7$39.4$4.31
2021Detailed filing. Detailed filing data is available for this year.$70.5$5.68$64.8$48.1$32.9$15.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.7$5.15$46.5$34.8$26.9$7.85
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.9$2.09$36.8$25.9$24.2$1.66
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.8$1.97$34.9$19.3$20.4$1.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.6$1.21$35.4$19.0$17.8$1.11
2016Detailed filing. Detailed filing data is available for this year.$34.6$1.01$33.6$18.1$14.3$3.86
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.8$0.70$29.1$15.4$12.1$3.33
2014Detailed filing. Detailed filing data is available for this year.$26.6$0.67$25.9$14.6$10.1$4.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.5$0.64$20.9$8.27$8.18$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.4$0.45$20.9$7.86
2011Summary only. Only limited summary data is available for this year.$22.0$0.54$21.4$9.04$7.33$1.70
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jul 11, 2025
Return Version
2023v6.0
Gross Receipts
$80,880,583
Mission and Program Overview

Mission

SEO prepares underserved young people to lead by example in their families, communities and careers and provides superior educational and career programs to young people who are underserved and/or underrepresented.

Founded in 1963, SEO closes educational and career opportunity gaps for 7,000+ ambitious young people annually.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$13,815,314$38,180,838▲ $24,365,524
Investments in Publicly Traded Securities$29,489,645$35,664,668▲ $6,175,023
Savings and Temporary Cash Investments$21,857,432$23,090,025▲ $1,232,593
Land, Buildings, and Equipment, Net$6,322,237$12,382,580▲ $6,060,343
Prepaid Expenses and Deferred Charges$860,662$1,249,538▲ $388,876
Cash and Non-Interest-Bearing Accounts$1,566$1,566→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$76,070,925$112,908,312▲ $36,837,387
Other Assets Total$3,724,069$2,339,097▼ $1,384,972
Liabilities
Other Liabilities$2,780,962$3,228,887▲ $447,925
Accounts Payable and Accrued Expenses$2,596,052$3,143,309▲ $547,257
Grants Payable$1,221,720$1,984,144▲ $762,424
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$6,598,734$8,356,340▲ $1,757,606
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$52,352,548$63,703,383▲ $11,350,835
Net Assets With Donor Restrictions$17,119,643$40,848,589▲ $23,728,946
Total Net Assets Fund Balance$69,472,191$104,551,972▲ $35,079,781
Total Liabilities and Net Assets / Fund Balance$76,070,925$112,908,312▲ $36,837,387

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,683,463$4,866,770$15,550,233
Equipment$374,488$1,000,174$1,374,662
Other Land Buildings$1,324,629-$1,324,629
Leasehold Improvements$0$0$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$16,339,171-▲ $5,569,126-$21,908,297
2022$13,585,857-▲ $2,753,314-$16,339,171
2021$16,653,507-▼ $3,067,650-$13,585,857
2020$13,652,446-▲ $3,001,061-$16,653,507
2019$11,707,594-▲ $1,944,852-$13,652,446
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William GoodloePresident & CEOFT$625,927$210,030$835,957
Andrew FairbairnExecutive Vice PresidentFT$319,259$72,854$392,113
Saratu GharteyChief Operating OfficerFT$281,511$57,112$338,623
Mindy DavisSVP and Managing Director - CareerFT$262,731$65,251$327,982
Rene GoldbergVP-information TechnologyFT$231,686$79,618$311,304
Catherine FinneranVice PresidentFT$215,655$88,537$304,192
Vijay SandhuVice President - FinanceFT$222,494$51,638$274,132
Nicole MooreVP-head of Career Program&opsFT$204,247$68,458$272,705
Omar WanderaExecutive DirectorFT$188,467$75,918$264,385
Kyoung LeeVP- People and CultureFT$187,872$71,464$259,336
Raina SinghVP-alternative InvestmentsFT$185,038$60,301$245,339
Alison SolerDirector - DevelopmentFT$185,854$40,370$226,224
Eldridge Gilbert IiiSr Vice President- ScholarsFT$205,030$19,867$224,897
Julian JohnsonFormer- Executive VP-$187,055$34,612$221,667
Nicole MccauleySenior DirectorFT$164,093$47,578$211,671

Board Members and Trustees

NameTitle
Henry R KravisChairman
Verdun S PerryVice Chair
Amy EllisBoard Member
Carla HarrisBoard Member
Chris LeeBoard Member
Deborah L HarmonBoard Member
Edward TamBoard Member
Eric J LeeBoard Member
Frank BakerBoard Member
Hara AmdemariamBoard Member
Hythem T El-nazerBoard Member
John CivantosBoard Member
Joseph J Plumeri IiBoard Member
Julian C SalisburyBoard Member
Kammy MoalemzadehBoard Member
Kathryn WyldeBoard Member
Keith H WoffordBoard Member
Kenneth MehlmanBoard Member
Maya ChorengelBoard Member
Maybel MarteBoard Member
Menna M SamahaBoard Member
Milton BerlinskiBoard Member
Nicholas HumphriesBoard Member
Ninon MarapachiBoard Member
Orlando BravoBoard Member
Oscar SalazarBoard Member
Ramsey D SmithBoard Member
Taj J ClaytonBoard Member as of 12/7/23
Nishi SomaiyaBoard Member as of 3/21/24
Raj RaoBoard Member as of 3/21/24
Mark BielerSecretary
Gilbert a GarciaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Wall Street Prep Inctraining services180 Wells AveNUE, Newton, MA 02459$364,829
Springboard - Partners in Cross CulGeneral Consulting47 WALNUT RIDGE CITY, Stamford, CT 06905$280,000
Novo Insights LLCcomp. CONSULTING467 N Highview AveNUE, Elmhurst, IL 60126$219,855
Pillars of Wall Street LLCtraining services100 Park Avenue Suite 1600, New York, NY 10017$218,000
Bdo USAAccounting SERVICES200 Park Avenue 38th Floor, New York, NY 10166$176,998
Revenue and Support

Revenue Composition

Contributions and Grants
$76,689,835
Program Service Revenue
$0
Investment Income
$1,897,595
Other Revenue
$-296,346
All Other Contributions
$63,794,986
Change in Net Assets
$30,000,848

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$5,100,000appraisal value
Securities Publicly Traded16$566,477market quotation
Total Noncash Contributions17$5,666,477-

Audited Revenue Reconciliation

Revenue per Audited Statements
$78,291,084
Revenue Not Reported on Form 990
$5,092,361
Total Revenue per Audited Statements
$83,383,445
Total Revenue per Form 990
$78,291,084
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$34,011,461
Other Expenses$12,718,664
Total Fundraising Expense$2,371,597
Grants and Similar Amounts Paid$1,560,111
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,317,755$2,326,125$1,255,742$23,899,622
Other Employee Benefits$3,151,292$396,163$212,103$3,759,558
Fees for Services Other$3,312,337$221,491$133,680$3,667,508
Current Officers, Directors, Trustees, and Key Employees$2,757,887$317,836$171,477$3,247,200
Information Technology$2,093,752$378,896$84,500$2,557,148
Payroll Taxes$1,866,535$234,651$125,630$2,226,816
Grants to Domestic Individuals$1,560,111--$1,560,111
Travel$1,350,915$51,684$21,301$1,423,900
Conferences and Meetings$1,035,271$39,608$16,324$1,091,203
Occupancy$689,419$213,058$34,717$937,194
Pension Plan Contributions$709,713$90,820$48,552$849,085
Office Expenses$629,147$54,579$21,568$705,294
Depreciation Depletion$293,221$212,621$45,015$550,857
Fees for Services Legal-$283,400-$283,400
Insurance$108,716$115,831$18,725$243,272
All Other Expenses$192,548$12,675$36,879$242,102
Other Expenses$117,424$21,250$4,739$143,413
Fees for Services Accounting-$94,525-$94,525
Advertising$29,735$5,381$1,200$36,316
Comp Disqual Persons$24,807$2,840$1,533$29,180
Total Functional Expenses$40,783,122$5,135,517$2,371,597$48,290,236

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$48,303,664
Expenses per Audited Statements$48,290,236
Total Expenses per Form 990$48,290,236
Expenses Not Reported on Form 990$13,428
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,011,663
Fundraising Gross Income$1,715,317
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ny Awards Din.$10,008,517$1,361,300$202,008$1,159,292
Sf Achievement$3,397,506$237,500$113,529$123,971
Total Events$14,610,166$1,715,317$2,011,663$-296,346
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Retirement Plan Liability$2,052,516
Accrued Comp&related Liabilities$1,176,371
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

Form 990 was prepared by a national accounting firm in conjunction with the organization's financial department. It is reviewed by the organization's board members and a complete copy is provided to all members of the organization's board prior to filing with the internal revenue service.

FORM 990, PART VI, SECTION B, LINE 12C:

The manager of the executive office sends the conflict of interest questionnaire to each board member and key employee annually and upon appointment or hire for completion.

FORM 990, PART VI, SECTION B, LINES 15A&15B:

In FY24, SEO conducted its periodic organization-wide compensation study to review market competitiveness and job levels for all full-time employees, including the SEO officers and key employees. SEO partnered with a third-party expert compensation consultant to assess the market value, create a standardized compensation philosophy and structure, and confirm internal salary equity. A combination of for-profit and nonprofit external market data sources was used, including ERI, to conduct the market pricing for all SEO full-time roles. ALL DECISIONS MADE ARE CONTEMPORANEOUSLY DOCUMENTED IN MEETING MINUTES. SEO's By-laws give its Board of Directors the responsibility of setting the CEO's salary directly. The board discusses and votes on a recommendation from the SEO board executive committee, which recommends total compensation for SEO's CEO that is no higher than the 75th percentile of total compensation for CEOs of similar size privately funded nonprofit organizations. The comparison is based on an independent third-party compensation study, which is conducted every 3-4 years. The board also provides guidance to the CEO in setting the compensation of other SEO employees.

FORM 990, PART VI, SECTION C, LINE 19:

Seo makes its governing documents, conflict of interest policy, and financial statements available to the general public upon request and on seo's website.

Filing and Contact Details

Filer

Filer Name
Sponsors for Educational Opportunity Inc
EIN
13-2578670
In Care Of
% VIJAY SANDHU VP FINANCE
Phone
2129292040
Address
55 EXCHANGE PLACE, NEW YORK, NY 10005
Doing Business As
Seoseizing Every Opportunitygolkin

Signing Officer

Name
William a Goodloe
Title
President & CEO
Phone
2129792040
Signed
2025-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William a Goodloe
Formed
1965
Legal Domicile
Ny
Voting Board Members
32
Independent Board Members
32
Employees
536
Volunteers
825

Preparer

Firm
Bdo USA
Address
200 PARK AVENUE 38TH FLOOR, NEW YORK, NY 10166
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1:

SEO believes that talent is everywhere, but opportunity is not. We have six distinct programs focused on closing the educational and career opportunity gap: SEO Scholars for public high school students with locations in NYC, San Francisco, North Carolina, and Miam; SEO Career for college students seeking internships; SEO Alternative Investment for young professionals looking to be competitive in the field; SEO Tech Developer for college students interested in pursuing a career in software engineering; SEO Law for aspiring law students; and SEO Leadership Academy for SEO alumni to pursue professional development. All are welcome to apply.

FORM 990, PART III, LINE 4B:

In 2024, 125 students participated in the summer cohort. To date, 80% of participants have completed summer internships and 75% of eligible participants have received full-time job offers in the technology sector. All are welcome to apply.

FORM 990, PART III, LINE 4D:

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 2024, seo law had 184 fellows, 48 catalyst participants, and 43 corporate law partners. All are welcome to apply. Expenses : $ 1,099,851 grants : $20,050 revenue : $0 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 : $ 923,754 grants : $0 revenue : $0 other programs expenses : $ 3,537,726 grants : $0 revenue : $0

FORM 990, PART XI, LINE 9:

write-off of accumulated depreciation of prior year's assets ..................................................................$11,113

Financial Statement Notes

SCHEDULE D, PART V, LINE 4:

The permanent endowment reflects the wishes of the donors to provide general support while leaving the corpus intact. The board designated endowment serves as the accumulated budget surpluses serving as a general reserve.

SCHEDULE D, PART X, LINE 2:

SEO is a not-for-profit organization exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code (IRC) and, therefore, has made no provisions for income taxes in the accompanying financial statements. In addition, SEO has been classified as a public charity under Sections 509(a)(1) and 170(b)(1)(A)(vi) of the IRC. SEO has analyzed the tax position taken in its filings with the Internal Revenue Service (IRS) and state jurisdiction where it operates. SEO believes that its income tax filing position will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on SEO's financial condition, results of operation, or cash flows. Accordingly, SEO has not recorded any reserves, or related accruals for interest and penalties, for uncertain tax positions at August 31, 2024.

Schedule D, Part XI, Line 2D:

write-off of accumulated depreciation of prior year's assets........$11,113

Raw XML AppendixShowing 400 of 1,284 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0SEO 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.
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