SPONSORS FOR EDUCATIONAL OPPORTUNITY INC

EIN: 132578670 501(c)(3) Education

NEW YORK, NY

Total Revenue
$78,291,084
Total Expenses
$48,290,236
Total Assets
$112,908,312
Net Assets
$104,551,972
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
NY
Principal Officer
WILLIAM A GOODLOE
Phone
2129292040
Tax Period
2023-09-01 to 2024-08-31

SPONSORS FOR EDUCATIONAL OPPORTUNITY INC, founded in 1965, is a mid-sized nonprofit in the Education sector that reported $78.3M in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30.0M, a strong 38% operating margin.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $76,689,835
Program Service Revenue $0
Investment Income $1,897,595
Other Revenue $-296,346
TOTAL REVENUE $78,291,084

Expense Breakdown

Grants Paid $1,560,111
Salaries & Benefits $34,011,461
Fundraising Expenses $2,371,597
Program Expenses $40,783,122
Other Expenses $12,718,664
TOTAL EXPENSES $48,290,236

Year-over-Year Comparison

2023 2022 Change
Revenue $78,291,084 $45,778,804 +0.7%
Expenses $48,290,236 $44,212,843 +0.1%
Net Income $30,000,848 $1,565,961 +18.2%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
32
Independent Members
32
Employees
536
Volunteers
825

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$1,791,590
Total Directors
32
$0
Key Employees
5
$1,315,408
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM GOODLOE PRESIDENT & CEO 40.0
Officer
$775,927 $60,030 $835,957
ANDREW FAIRBAIRN EXECUTIVE VICE PRESIDENT 40.0
Officer
$344,859 $47,254 $392,113
SARATU GHARTEY CHIEF OPERATING OFFICER 40.0
Officer
$302,797 $35,826 $338,623
MINDY DAVIS SVP AND MANAGING DIR. - CAREER 40.0
Key Emp
$279,704 $48,278 $327,982
RENE GOLDBERG VP-INFORMATION TECHNOLOGY 40.0
Highest
$245,726 $65,578 $311,304
CATHERINE FINNERAN VICE PRESIDENT 40.0
Key Emp
$231,979 $72,213 $304,192
VIJAY SANDHU VICE PRESIDENT - FINANCE 40.0
Highest
$240,382 $33,750 $274,132
NICOLE MOORE VP-HEAD OF CAREER PROGRAM&OPS 40.0
Highest
$217,226 $55,479 $272,705
OMAR WANDERA EXECUTIVE DIRECTOR 40.0
Highest
$202,185 $62,200 $264,385
KYOUNG LEE VP- PEOPLE AND CULTURE 40.0
Highest
$199,592 $59,744 $259,336
Raina Singh VP-ALTERNATIVE INVESTMENTS 40.0
Key Emp
$196,101 $49,238 $245,339
ALISON SOLER DIRECTOR - DEVELOPMENT 40.0
Key Emp
$196,053 $30,171 $226,224
ELDRIDGE GILBERT III SR VICE PRESIDENT- SCHOLARS 40.0
Officer
$216,965 $7,932 $224,897
JULIAN JOHNSON FORMER- EXECUTIVE VP 0.0
$187,055 $34,612 $221,667
NICOLE MCCAULEY SENIOR DIRECTOR 40.0
Key Emp
$193,242 $18,429 $211,671
HENRY R KRAVIS CHAIRMAN 2.0
Officer Director
$0 $0 $0
VERDUN S PERRY VICE CHAIR 2.0
Officer Director
$0 $0 $0
MARK BIELER SECRETARY 2.0
Officer Director
$0 $0 $0
GILBERT A GARCIA TREASURER 2.0
Officer Director
$0 $0 $0
HARA AMDEMARIAM BOARD MEMBER 2.0
Director
$0 $0 $0
FRANK BAKER BOARD MEMBER 2.0
Director
$0 $0 $0
MILTON BERLINSKI BOARD MEMBER 2.0
Director
$0 $0 $0
ORLANDO BRAVO BOARD MEMBER 2.0
Director
$0 $0 $0
MAYA CHORENGEL BOARD MEMBER 2.0
Director
$0 $0 $0
JOHN CIVANTOS BOARD MEMBER 2.0
Director
$0 $0 $0
TAJ J CLAYTON BOARD MEMBER AS OF 12/7/23 2.0
Director
$0 $0 $0
HYTHEM T EL-NAZER BOARD MEMBER 2.0
Director
$0 $0 $0
AMY ELLIS BOARD MEMBER 2.0
Director
$0 $0 $0
DEBORAH L HARMON BOARD MEMBER 2.0
Director
$0 $0 $0
CARLA HARRIS BOARD MEMBER 2.0
Director
$0 $0 $0
NICHOLAS HUMPHRIES BOARD MEMBER 2.0
Director
$0 $0 $0
CHRIS LEE BOARD MEMBER 2.0
Director
$0 $0 $0
ERIC J LEE BOARD MEMBER 2.0
Director
$0 $0 $0
NINON MARAPACHI BOARD MEMBER 2.0
Director
$0 $0 $0
MAYBEL MARTE BOARD MEMBER 2.0
Director
$0 $0 $0
KENNETH MEHLMAN BOARD MEMBER 2.0
Director
$0 $0 $0
KAMMY MOALEMZADEH BOARD MEMBER 2.0
Director
$0 $0 $0
JOSEPH J PLUMERI II BOARD MEMBER 2.0
Director
$0 $0 $0
RAJ RAO BOARD MEMBER AS OF 3/21/24 2.0
Director
$0 $0 $0
OSCAR SALAZAR BOARD MEMBER 2.0
Director
$0 $0 $0
JULIAN C SALISBURY BOARD MEMBER 2.0
Director
$0 $0 $0
MENNA M SAMAHA BOARD MEMBER 2.0
Director
$0 $0 $0
NISHI SOMAIYA BOARD MEMBER AS OF 3/21/24 2.0
Director
$0 $0 $0
RAMSEY D SMITH BOARD MEMBER 2.0
Director
$0 $0 $0
EDWARD TAM BOARD MEMBER 2.0
Director
$0 $0 $0
KATHRYN WYLDE BOARD MEMBER 2.0
Director
$0 $0 $0
KEITH H WOFFORD BOARD MEMBER 2.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $78,291,084 $48,290,236 $112,908,312 $30,000,848
2023 $45,778,804 $44,212,843 $76,070,925 $1,565,961
2022 $43,724,114 $39,417,219 $71,324,699 $4,306,895
2021 $48,114,701 $32,925,572 $70,514,583 $15,189,129
2020 $34,796,982 $26,945,287 $51,696,255 $7,851,695
2019 $25,863,520 $24,198,817 $38,896,712 $1,664,703
2018 $19,321,987 $20,449,654 $36,830,113 $-1,127,667
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