Sponsors For Educational Opportunity Inc
84% goes to programs $3 to raise $100 Strong reserves Growing revenue
Sponsors For Educational Opportunity Inc is a 501(c)(3) organization based in New York, New York, registered in 1965, with $78,291,084 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
55 Exchange Pl Ste 601, New York, NY, 10005 EIN 13-2578670 Since 1965
Revenue (FY2023)
$78.3M
▲ 71.0% vs prior year
Education median: $200K
Expenses (FY2023)
$48.3M
Net assets
$104.6M
Employees
536
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs · $3 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Sponsors For Educational Opportunity Inc: 84% to programs · $3 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating26 mo reserves · +38% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Sponsors For Educational Opportunity Inc: 26 mo reserves · +38% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Sponsors For Educational Opportunity Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Sponsors For Educational Opportunity Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Founded in 1963, seo closes educational and career opportunity gaps for 7,000+ ambitious young people annually.
What they do
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]
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.
Contact & location
- Address
- 55 Exchange Pl Ste 601, New York, NY, 10005
- City
- New York
- State
- New York
- Category
- Education
- Subcategory
- Educational Services
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $14.6M (FY2013) to $78.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $8.4MNet assets $104.6M
Operating margin
38.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$112.9M
Total liabilities
$8.4M
Net assets
$104.6M
Salaries & benefits
$34.0M
70% of expenses
Board members
32
32 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $78,291,084▲71.0% | $48,290,236▲9.2% | $104,551,972▲50.5% | $112,908,312▲48.4% | 990 |
| 2022 | $45,778,804▲4.7% | $44,212,843▲12.2% | $69,472,191▲6.3% | $76,070,925▲6.7% | 990 |
| 2021 | $43,724,114▼9.1% | $39,417,219▲19.7% | $65,358,296▲0.8% | $71,324,699▲1.1% | 990 |
| 2020 | $48,114,701▲38.3% | $32,925,572▲22.2% | $64,835,804▲39.3% | $70,514,583▲36.4% | 990 |
| 2019 | $34,796,982▲34.5% | $26,945,287▲11.3% | $46,548,888▲26.5% | $51,696,255▲32.9% | 990 |
| 2018 | $25,863,520▲33.9% | $24,198,817▲18.3% | $36,806,694▲5.6% | $38,896,712▲5.6% | 990 |
| 2017 | $19,321,987▲1.9% | $20,449,654▲14.6% | $34,861,706▼1.6% | $36,830,113▲0.5% | 990 |
| 2016 | $18,953,140▲4.5% | $17,839,508▲24.9% | $35,435,255▲5.6% | $36,643,510▲6.0% | 990 |
| 2015 | $18,136,970▲17.5% | $14,280,412▲17.9% | $33,553,234▲15.2% | $34,564,109▲15.9% | 990 |
| 2014 | $15,441,339▲5.6% | $12,113,787▲19.7% | $29,114,511▲12.4% | $29,818,283▲12.2% | 990 |
| 2013 | $14,622,271 | $10,117,873▲23.7% | $25,894,730▲23.9% | $26,567,249▲23.4% | 990 |
| 2012 | — | $8,181,309▲4.1% | $20,902,594▼0.2% | $21,537,864▲0.7% | 990 |
| 2011 | — | $7,862,647▲21.6% | $20,938,415▲3.2% | $21,386,071▲3.3% | 990 |
| 2009 | — | $6,466,687 | $20,280,233 | $20,695,164 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: William Goodloe — $775,927 (1.61% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| William Goodloe | President & Ceo | 40 | $775,927 |
| Andrew Fairbairn | Executive Vice President | 40 | $344,859 |
| Saratu Ghartey | Chief Operating Officer | 40 | $302,797 |
| Mindy Davis | Svp and Managing Dir. - Career | 40 | $279,704 |
| Rene Goldberg | Vp-information Technology | 40 | $245,726 |
| Vijay Sandhu | Vice President - Finance | 40 | $240,382 |
| Catherine Finneran | Vice President | 40 | $231,979 |
| Nicole Moore | Vp-head of Career Program&ops | 40 | $217,226 |
| Eldridge Gilbert III | Sr Vice President- Scholars | 40 | $216,965 |
| Omar Wandera | Executive Director | 40 | $202,185 |
| Kyoung Lee | Vp- People and Culture | 40 | $199,592 |
| Raina Singh | Vp-alternative Investments | 40 | $196,101 |
| Alison Soler | Director - Development | 40 | $196,053 |
| Nicole Mccauley | Senior Director | 40 | $193,242 |
| Julian Johnson | Former- Executive Vp | 0 | $187,055 |
| Amy Ellis | Board Member | 2 | — |
| Carla Harris | Board Member | 2 | — |
| Chris Lee | Board Member | 2 | — |
| Deborah L Harmon | Board Member | 2 | — |
| Edward Tam | Board Member | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Wall Street Prep Inc | Training Services | $364,829 |
| Springboard - Partners In Cross Cul | General Consulting | $280,000 |
| Novo Insights LLC | Comp. Consulting | $219,855 |
| Pillars of Wall Street LLC | Training Services | $218,000 |
| Bdo USA | Accounting Services | $176,998 |
Grants received · $27.6M total
156 grants to Sponsors For Educational Opportunity Inc totaling $27.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $338,213 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $271,500 |
| Robin Hood Foundation | Poverty relief | 2024 | $250,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $166,680 |
| American Endowment Foundation | Educational | 2024 | $65,000 |
| The New York Community Trust | For general support. | 2024 | $50,000 |
| American Gift Fund | Operations | 2024 | $48,000 |
| Impactassets Inc | General support | 2024 | $25,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $15,000 |
| Silicon Valley Community Foundation | Youth development | 2024 | $10,000 |
| The New York Community Trust | For program support. | 2024 | $10,000 |
| Educational Credit Management Corporation | Fafsa student support | 2024 | $6,500 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $2,037,346 |
| National Philanthropic Tr | Education | 2023 | $641,670 |
Grants made · $15K in FY2016
1 grant totaling $15K in FY2016. All grants made by Sponsors For Educational Opportunity Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Aim High For High School | General operating support | $15,000 |
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Frequently asked questions
- Is Sponsors For Educational Opportunity Inc a legitimate nonprofit?
- Yes. Sponsors For Educational Opportunity Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-2578670, based in New York, New York. Donations are tax-deductible.
- What is Sponsors For Educational Opportunity Inc's EIN?
- Sponsors For Educational Opportunity Inc's Employer Identification Number (EIN) is 13-2578670.
- How much revenue does Sponsors For Educational Opportunity Inc report?
- Sponsors For Educational Opportunity Inc reported $78,291,084 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Sponsors For Educational Opportunity Inc's spending goes to programs?
- Sponsors For Educational Opportunity Inc spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Sponsors For Educational Opportunity Inc have?
- CharityIndex grades Sponsors For Educational Opportunity Inc A, based on program efficiency and fundraising cost.
- How much does Sponsors For Educational Opportunity Inc's highest-paid employee make?
- The highest reported compensation on Sponsors For Educational Opportunity Inc's latest Form 990 is $775,927, paid to William Goodloe (President & Ceo).
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Explore more
Data for Sponsors For Educational Opportunity Inc (EIN 13-2578670) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.