2023-04-14T14:27:01-05:00 2022-08-31 BDO USA LLP 100 PARK AVENUE NEW YORK NY 100175001 990 2021-09-01 132578670 SPONSORS FOR EDUCATIONAL OPPORTUNITY INC % VIJAY SANDHU VP FINANCE SPON 2129292040 55 EXCHANGE PLACE NEW YORK NY 10005 WILLIAM A GOODLOE PRESIDENT & CEO 2129792040 2023-04-06 true WILLIAM A GOODLOE 999009999 Paul Hammerschmidt P01384178 2128858000 2 2021 2023-04-26 12:10:37Z SEOSEIZING EVERY OPPORTUNITYGOLKIN WILLIAM A GOODLOE 55 EXCHANGE PLACE NEW YORK NY 10005 45696876 false X WWW.SEO-USA.ORG X 1965 NY SEE SCHEDULE O 28 28 514 492 0 0 48138339 44656558 0 0 243680 393725 -267318 -1326169 48114701 43724114 1097404 1314026 0 0 22145963 26090708 0 0 2286504 9682205 12012485 32925572 39417219 15189129 4306895 70514583 71324699 5678779 5966403 64835804 65358296 X SEE SCHEDULE O false false 19700177 1314026 0 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. 6606258 0 0 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. 1931033 0 0 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. 4027206 0 0 32264674 true true false false false false false false false true true false false false true true true false false false false false false false true false false false true true false false false false false false false false true false false false false false false false false true 112 0 true 514 true false false false false false true true false false false false false false X 28 28 false false true false false false false true true false false true true true true true true false false false AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X VIJAY SANDHU VP FINANCE 2129792040 55 EXCHANGE PLACE NEW YORK NY 10005 X WILLIAM GOODLOE PRESIDENT & CEO 50.0 0.0 X 490444 0 52312 JULIAN JOHNSON Executive Vice President 50.0 0.0 X 324010 0 46937 Sarah E Levin Goldstine Chief Admin. Off. thru 5/2/22 50.0 0.0 X 287162 0 54660 MINDY DAVIS MANAGING DIR., CAREER GENERAL 50.0 0.0 X 255401 0 44848 Stephen L Sagner VP - Development THRU 4/29/22 50.0 0.0 X 267632 0 26681 RENE GOLDBERG VP - INFORMATION TECHNOLOGY 50.0 0.0 X 217687 0 50674 MILLIE HAU VP OF HIGH SCHOOL 50.0 0.0 X 235495 0 32244 NICOLE MOORE SENIOR VP OF CAREER 50.0 0.0 X 215540 0 36316 OMAR WANDERA EXECUTIVE DIRECTOR-SEO SCHOLAR 50.0 0.0 X 188421 0 38090 TRICIA DALEY INTERIM VP,FINANCE thru 7/8/22 50.0 0.0 X 170944 0 51225 CATHERINE FINNERAN VP OF COLLEGE SCHOLARS 50.0 0.0 X 169787 0 51165 COLIN SHAY DIR. OF EXECUTIVE INITIATIVES 50.0 0.0 X 163249 0 44797 RAINA SINGH DIR. OF ALTERNATIVE INVESTMENT 50.0 0.0 X 172161 0 35752 Nicole McCauley Senior Director 50.0 0.0 X 149600 0 16127 DAREE LEWIS PROGRAM DIRECTOR 50.0 0.0 X 145086 0 15007 HENRY KRAVIS CHAIRMAN 2.0 0.0 X X 0 0 0 AMY ELLIS-SIMON VICE CHAIR 2.0 0.0 X X 0 0 0 RAMSEY SMITH VICE CHAIR 2.0 0.0 X X 0 0 0 MARK BIELER SECRETARY 2.0 0.0 X X 0 0 0 GILBERT GARCIA TREASURER 2.0 0.0 X X 0 0 0 HARA AMDERMARIAM BOARD MEMBER 2.0 0.0 X 0 0 0 JAMES ATTWOOD BOARD MEMBER THRU 7/26/22 2.0 0.0 X 0 0 0 FRANK BAKER BOARD MEMBER 2.0 0.0 X 0 0 0 MILTON BERLINSKI BOARD MEMBER 2.0 0.0 X 0 0 0 ORLANDO BRAVO BOARD MEMBER 2.0 0.0 X 0 0 0 MAYA CHORENGEL BOARD MEMBER 2.0 0.0 X 0 0 0 JOHN CIVANTOS BOARD MEMBER 2.0 0.0 X 0 0 0 HYTHEM T EL-NAZER BOARD MEMBER 2.0 0.0 X 0 0 0 Deborah L Harmon BOARD MEMBER EFF. 3/29/22 2.0 0.0 X 0 0 0 JOSHUA FINK BOARD MEMBER THRU 10/13/21 2.0 0.0 X 0 0 0 CARLA HARRIS BOARD MEMBER 2.0 0.0 X 0 0 0 NICHOLAS HUMPHRIES BOARD MEMBER 2.0 0.0 X 0 0 0 CHRIS LEE BOARD MEMBER 2.0 0.0 X 0 0 0 Eric J Lee BOARD MEMBER EFF. 12/7/21 2.0 0.0 X 0 0 0 NINON MARAPACHI BOARD MEMBER 2.0 0.0 X 0 0 0 MAYBEL MARTE BOARD MEMBER 2.0 0.0 X 0 0 0 KENNETH MEHLMAN BOARD MEMBER 2.0 0.0 X 0 0 0 KAMMY MOALEMZADEH BOARD MEMBER 2.0 0.0 X 0 0 0 VERDUN PERRY BOARD MEMBER 2.0 0.0 X 0 0 0 JOSEPH PLUMERI II BOARD MEMBER 2.0 0.0 X 0 0 0 OSCAR SALAZAR BOARD MEMBER 2.0 0.0 X 0 0 0 Julian C Salisbury BOARD MEMBER 2.0 0.0 X 0 0 0 EDWARD TAM BOARD MEMBER 2.0 0.0 X 0 0 0 KEITH WOFFORD BOARD MEMBER 2.0 0.0 X 0 0 0 KATHRYN WYLDE BOARD MEMBER 2.0 0.0 X 0 0 0 Saratu Gharley COO eff. JULY 2022 50.0 0.0 X 0 0 0 3452619 0 596835 25 false true false EAGLE HILL CONSULTING LLC 241 18TH STREET SOUTH ARLINGTON VA 22202 CONSULTING 315500 VCHIEF LLC 3011 SUNRISE COURT MIDDLETON WI 53562 STAFF SERVICES 301383 AVISON YOUNG SOUTHERN CALIFORNIA LT 555 S FLOWER STREET LOS ANGELES CA 90071 PROPERTY MANAGEMENT 270678 CVENT LLC 1765 GREENBORO STATION PLACE TYSONS CORNER VA 22102 EVENT MGMT SOFTWARE 263325 Pillars of Wall street 330 East 38th street NEW YORK NY 10016 financial training 231000 22 14461046 30195512 421443 44656558 0 390591 0 0 390591 0 0 0 0 0 528027 524893 3134 3134 3134 121700 14461046 1447869 -1326169 -1326169 0 0 0 0 0 0 0 43724114 0 0 -932444 X 0 1314026 1314026 0 0 3142204 2599324 333040 209840 0 18898154 15537715 2088015 1272424 390178 338359 27460 24359 1921055 1665922 135202 119931 1739117 1508147 122397 108573 0 171317 171317 67513 67513 0 0 0 5741212 4638544 841915 260753 0 460960 384009 48363 28588 1860249 1442941 336194 81114 0 753748 532279 203595 17874 576722 558387 11919 6416 0 463733 448991 9583 5159 0 0 583567 284139 239671 59757 134848 57413 65360 12075 PROGRAM SUPPLIES 531332 490752 38099 2481 EQUIPMENT MAINTENANCE 349331 275788 59078 14465 MISCELLANEOUS EXPENSES 317953 187938 67320 62695 39417219 32264674 4866041 2286504 1995 1995 28868062 21616244 14224562 13685528 0 0 0 0 0 0 0 0 0 0 355568 388741 14043243 7347565 6995114 6695678 17464085 25662890 0 0 0 0 0 0 2605197 3273623 70514583 71324699 2509414 2960105 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3169365 3006298 5678779 5966403 X 49906906 50307353 14928898 15050943 64835804 65358296 70514583 71324699 4306895 -3784403 X false true X true false X 19771155 26046060 34898801 48138339 44656558 173510913 0 0 19771155 26046060 34898801 48138339 44656558 173510913 9649807 163861106 267898 323991 281675 237357 390591 1501512 0 0 175012425 0.93628 0.90874 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16653507 -3067650 13585857 13652446 3001061 16653507 11707594 1944852 13652446 11149636 557958 11707594 10019405 1130231 11149636 0.90120 0.05960 0.03920 false false 10426109 5655916 4770193 14920 14920 0 3602214 1676729 1925485 0 0 0 6695678 0 RETIREMENT PLAN LIABILITY 1378925 OTHER LIABILITIES 1627373 3006298 X 40786344 -3784403 846633 -2937770 43724114 43724114 40263852 846633 846633 39417219 39417219 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, 2022. NY Gala 10062423 10030423 32000 58406 350263 338441 San Francisco 3616991 3603241 13750 0 24717 112579 2 903332 827382 75950 10197 282262 271004 14582746 14461046 121700 68603 657242 722024 1447869 -1326169 true SCHOLARSHIPS 2152 1314026 SCHEDULE I, PART I, LINE 2: THE ORGANIZATION ISSUES GRANTS WITH LETTER CONTRACTS, THE CONDITIONS OF WHICH THE ORGANIZATION MONITORS. X true true X false false false false false false false true false WILLIAM GOODLOE PRESIDENT & CEO 477543 0 0 0 12901 0 35000 0 17312 0 542756 0 0 0 JULIAN JOHNSON Executive Vice President 289085 0 34925 0 0 0 34600 0 12337 0 370947 0 0 0 Sarah E Levin Goldstine Chief Admin. 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OF EXECUTIVE INITIATIVES 148314 0 14935 0 0 0 13568 0 31229 0 208046 0 0 0 Nicole McCauley Senior Director 139600 0 10000 0 0 0 3790 0 12337 0 165727 0 0 0 DAREE LEWIS PROGRAM DIRECTOR 140086 0 5000 0 0 0 4050 0 10957 0 160093 0 0 0 Stephen L Sagner VP - Development THRU 4/29/22 231632 0 36000 0 0 0 26681 0 0 0 294313 0 0 0 Part I, Line 1a: The organization provided Tax indemnification and gross-up payments to the PRESIDENT & CEO, WILLIAM GOODLOE, in the amount of $12,901. The amount is taxable and included on Schedule J, Part II, Column B, III. Part I, Line 7: Bonuses were paid based on the performance of the individuals and within the approved budget. Bonuses were taxable and reported on the individuals' 2021 form w-2s, and included on schedule j, part ii in column b (ii). X 5 421443 market quotation 0 false false false Part I, Column B: the numerical data here represents the total number of contributions. FORM 990, PART I, LINE 1: SEO PREPARES UNDERSERVED YOUNG PEOPLE TO LEAD BY EXAMPLE IN THEIR FAMILIES' COMMUNITIES AND CAREER. IT PROVIDES SUPERIOR EDUCATIONAL AND CAREER PROGRAMS TO YOUNG PEOPLE WHO ARE UNDERSERVED AND/OR UNDERREPRESENTED. FORM 990, PART III, LINE 1: SEO'S MISSION IS TO CREATE A MORE EQUITABLE SOCIETY BY DELIVERING SUPERIOR PROGRAMS TO CLOSE THE ACADEMIC AND CAREER OPPORTUNITY GAPS FOR YOUNG PEOPLE FROM UNDERSERVED AND/OR UNDERREPRESENTED BACKGROUND. WE DO THIS BY PROVIDING HIGH SCHOOL AND COLLEGE STUDENTS WITH THE ACADEMIC SKILLS AND PERSONAL TOOLS TO TAKE FULL OWNERSHIP OF THEIR EDUCATION, NAVIGATE AND GRADUATE COLLEGE. WE ALSO RECRUIT AND PREPARE COLLEGE STUDENTS AND YOUNG PROFESSIONAL TO ENTER LEADING COMPANIES AND ADVANCE IN THEIR CAREERS. FORM 990, PART III, LINE 4D: SEO LAW HELPS UNDERREPRESENTED FUTURE LAWYERS IN LAW SCHOOL EXCEL IN THEIR LEGAL CAREERS. SEO'S LAW CATALYST PROGRAM SUPPORTS STUDENTS IN GAINING ADMISSION TO LAW SCHOOL THROUGH A COMBINATION OF LSAT PREPARATION, ADMISSIONS CONSULTATION AND ATTORNEY MENTORSHIP. SEO'S LAW FELLOWSHIP IS A PREMIER TRAINING PROGRAM THAT OFFERS INCOMING LAW STUDENTS ACCESS TO PAID INTERNSHIPS AT TOP LAW FIRMS, IMMERSIVE MENTORSHIP, NETWORKING, AND LAW SCHOOL PREPARATION AND TRAINING; GIVING THEM THE BEST CHANCE FOR EXCELLING LAW SCHOOL. IN 2022, 185 SEO FELLOWS JOINED 46 SEO LAW PARTNERS NATIONWIDE. APPROXIMATELY 1,700 SEO'S LAW ALUMNI HAVE GONE ON TO HOLD POSITIONS RANGING FROM LAW PARTNERSHIP TO LEADERSHIP IN CIVIL SERVICE AND BUSINESS. THE SEO CATALYST PROGRAM PROVIDES SELECTED CATALYST SCHOLARS INTENSIVE LAW SCHOOL APPLICATION ASSISTANCE BY PROVIDING FREE LSAT PREPARATION CLASSES, WORKSHOPS, PERSONALIZED REVIEW OF APPLICATION MATERIALS, EXCLUSIVE DISCUSSION WITH LAW SCHOOL ADMISSIONS OFFICE, AND MENTORSHIP WITH A PRACTICING ATTORNEY. IN 2022, 45 SEO CATALYST PARTICIPATED IN THE PROGRAM. EXPENSES : $1,335,379 GRANTS : $0 REVENUE : $0 THE SEO LEADERSHIP INSTITUTE SUPPORTS THE PERSONAL AND PROFESSIONAL DEVELOPMENT OF SEO ALUMNI AT EVERY STAGE OF THEIR CAREER. SEO ALUMNI HAVE THE OPPORTUNITY TO COMMUNICATE WITH ALUMNI ACROSS THE GLOBE TO SEEK ADVICE, SHARE SKILLS, AND EXCHANGE RESOURCES. THE SEO LEADERSHIP INSTITUTE ALSO PROVIDES ONGOING DEVELOPMENT OPPORTUNITIES, ONLINE MANAGEMENT AND SKILL-BUILDING RESOURCES FROM HARVARD BUSINESS PUBLISHING AND OTHERS, WEBINARS, IN-PERSON TRAININGS, PROFESSIONAL AND EXECUTIVE COACHING, ACCESS TO EXPERTS AND CIVIC LEADERS, BOARD SERVICE, AND MORE. THE SEO LEADERSHIP INSTITUTE WILL ALSO BE A FORUM FOR SEO ALUMNI TO GATHER THEIR COLLECTIVE WISDOM AND INFLUENCE TO ADDRESS PROBLEMS THAT INORDINATELY AFFECT BLACK, LATINX, AND COMMUNITIES OF COLOR IN OUR SOCIETY. BY SUPPORTING ALUMNI'S PROFESSIONAL GROWTH AND CIVIC ENGAGEMENT. THE LEADERSHIP INSTITUTE USES THE POWER OF OUR NETWORK TO ADVANCE ONE MISSION: THE CREATION OF A MORE EQUITABLE SOCIETY AT EVERY LEVEL, INCLUDING THE VERY TOP. EXPENSES : $1,224,974 GRANTS : $0 REVENUE : $0 Other Programs EXPENSES : $1,466,853 GRANTS : $0 REVENUE : $0 FORM 990, PART VI, SECTION A, Line 4: SEO amended its bylaws adopted 12/7/2021 to reflect the following significant changes: 1. Removed upper limit to the number of Directors who may serve on the Board. 2. Clarified that it is only the President/CEO who serves as an ex-officio Director and no other executive staff are eligible for this post. 3. Clarified that Honorary Directors are eligible to serve only as non-voting members of Committees of the Board. 4. Conformed to NY law, Directors may be removed only for cause. The By-Laws Committee elected to make removal by a majority vote, rather than 2/3 majority, which is in line with typical non-profit practice. 5. Conformed to NY law, this new section delineates what powers cannot be delegated to others and must remain responsibilities of the full Board. 6. Clarified Board responsibilities concerning oversight of the President. 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, LINE 15A: DURING CALENDAR 2021 THE BOARD REVIEWED AND VOTED ANY SALARY ADJUSTMENT FOR THE PRESIDENT & CEO. THIS IS DOCUMENTED VIA BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15B: DURING CALENDAR 2021 THE PRESIDENT & CEO AND CHIEF ADMINISTRATIVE OFFICER DETERMINED THE EXECUTIVE LEADERSHIP TEAM'S SALARY ADJUSTMENTS. 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. FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANCY AND PROF FEES TOTAL FEES:5741212