Civic Intelligence

Modern States Education Alliance Inc

EIN 47-1018924 • 501(c)3 • New York, NY

Profile

The Modern States Education Alliance seeks to make a high quality coll to make a high quality college education free of cost and accessible to any person who seeks one.

1633 Broadway 47th FlNew York, NY 10019
Siviq Scores

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

Liabilities / Assets

46th percentile

0.17x

Higher debt load relative to assets than 46% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.09x

Higher debt load relative to revenue than 35% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Net Margin

68th percentile

13%

Higher net margin than 68% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

27th percentile

$0

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE B • $5M-$10M nonprofits • Source year 2024

Asset Growth

83rd percentile

33%

Faster asset growth than 83% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-13%

Faster revenue growth than 14% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$3,862,748

Up $948,691 (+33%) from 2023

Liabilities

Up

$659,509

Up $15,042 (+2.3%) from 2023

Net Assets

Up

$3,203,239

Up $933,649 (+41%) from 2023

Operations
Liabilities / Revenue35th percentileNet Margin68th percentile

Revenue

Down

$7,080,542

Down $1,027,782 (-13%) from 2023

Expenses

Up

$6,146,893

Up $912,672 (+17%) from 2023

Net Income

Down

$933,649

Down $1,940,454 (-68%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth83rd percentile

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

$4.0M$2.0M$0-$2.0MAssets 2014: $1,287Liabilities 2014: $152014Assets 2015: $13,180Liabilities 2015: $15Net Assets 2015: $13,1652015Assets 2016: $16,051Liabilities 2016: $235,162Net Assets 2016: -$219,1112016Assets 2017: $204,621Liabilities 2017: $302,057Net Assets 2017: -$97,4362017Assets 2018: $159,940Liabilities 2018: $194,175Net Assets 2018: -$34,2352018Assets 2019: $487,004Liabilities 2019: $460,808Net Assets 2019: $26,1972019Assets 2020: $697,513Liabilities 2020: $388,058Net Assets 2020: $309,4552020Assets 2021: $401,499Liabilities 2021: $490,713Net Assets 2021: -$89,2142021Assets 2022: $131,585Liabilities 2022: $736,098Net Assets 2022: -$604,5132022Assets 2023: $2,914,057Liabilities 2023: $644,467Net Assets 2023: $2,269,5902023Assets 2024: $3,862,748Liabilities 2024: $659,509Net Assets 2024: $3,203,2392024

Highlighted filing

2024

Assets$3,862,748
Liabilities$659,509
Net Assets$3,203,239
Open 2024 Filing

Operations Trend

Revenue Growth14th percentile

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

$10M$5.0M$0-$5.0MRevenue 2014: $92,522Expenses 2014: $91,250Net Income 2014: $1,2722014Revenue 2015: $272,175Expenses 2015: $260,282Net Income 2015: $11,8932015Revenue 2016: $500,000Expenses 2016: $732,276Net Income 2016: -$232,2762016Revenue 2017: $1,800,000Expenses 2017: $1,678,325Net Income 2017: $121,6752017Revenue 2018: $1,401,000Expenses 2018: $1,247,844Net Income 2018: $153,1562018Revenue 2019: $2,392,000Expenses 2019: $2,331,568Net Income 2019: $60,4322019Revenue 2020: $2,155,000Expenses 2020: $1,871,741Net Income 2020: $283,2592020Revenue 2021: $2,759,755Expenses 2021: $3,158,424Net Income 2021: -$398,6692021Revenue 2022: $3,255,011Expenses 2022: $3,672,941Net Income 2022: -$417,9302022Revenue 2023: $8,108,324Expenses 2023: $5,234,221Net Income 2023: $2,874,1032023Revenue 2024: $7,080,542Expenses 2024: $6,146,893Net Income 2024: $933,6492024

Highlighted filing

2024

Revenue$7,080,542
Expenses$6,146,893
Net Income$933,649
Open 2024 Filing

Filings

Most recent year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,862,748
Liabilities
$659,509
Net assets
$3,203,239
Revenue
$7,080,542
Expenses
$6,146,893
Net income
$933,649
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.86$0.66$3.20$7.08$6.15$0.93
2023Detailed filing. Detailed filing data is available for this year.$2.91$0.64$2.27$8.11$5.23$2.87
2022Detailed filing. Detailed filing data is available for this year.$0.13$0.74$0.60$3.26$3.67$0.42
2021Detailed filing. Detailed filing data is available for this year.$0.40$0.49$0.09$2.76$3.16$0.40
2020Detailed filing. Detailed filing data is available for this year.$0.70$0.39$0.31$2.16$1.87$0.28
2019Detailed filing. Detailed filing data is available for this year.$0.49$0.46$0.03$2.39$2.33$0.06
2018Summary only. Only limited summary data is available for this year.$0.16$0.19$0.03$1.40$1.25$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.20$0.30$0.10$1.80$1.68$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.02$0.24$0.22$0.50$0.73$0.23
2015Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.27$0.26$0.01
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.09$0.09$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 4, 2025
Return Version
2024v5.2
Mission and Program Overview

Mission

MODERN STATES EDUCATION ALLIANCE IS A NON-PROFIT DEDICATED TO MAKING A HIGH QUALITY COLLEGE EDUCATION FREE OF COST AND ACCESSIBLE TO ANY PERSON WHO SEEKS ONE. ITS FOUNDING PRINCIPLE IS THAT ACCESS TO AFFORDABLE EDUCATION IS FUNDAMENTAL TO ANY PHILOSOPHY THAT RESPECTS ALL INDIVIDUALS, AND FUNDAMENTAL TO THE AMERICAN DREAM. MODERN STATES INITIAL PROGRAM, FRESHMAN YEAR FOR FREE, IS INTENDED TO LET STUDENTS COMPLETE ONE YEAR OF COLLEGE WITHOUT EXPENSE, SAVING 25 PERCENT OF THE TOTAL COST OF TUITION. MODERN STATES IS PARTNERING WITH EDX, THE LEADING ONLINE LEARNING PLATFORM FOUNDED BY HARVARD AND MIT. A DONATION HAS BEEN MADE TO EDX TO DEVELOp HIGH QUALITY FRESHMAN COURSES WITH TOP UNIVERSITIES AND PROFESSORS. EACH COURSE INCLUDES ONLINE LECTURES, QUIZZES, TESTS, AND OTHER FEATURES; ALL ONLINE TEXTBOOKS AND MATERIALS ARE BEING PROVIDED TO STUDENTS FREE OF CHARGE. THE COURSES WILL PREPARE STUDENTS FOR THE MAJOR "ADVANCED PLACEMENT" (AP)* OR "COLLEGE LEVEL EXAMINATION PROGRAM" (CLEP)* TESTS O

Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVEN B KLINSKYPresident & CEO-$0--
DAVID VISEDirector-$0--
adam weinsteinDirector-$0--
maureen sherry KlinskyDirector-$0--
steven reissDirector-$0--
adele malpassDirector-$0--
elizabeth dennisDirector-$0--
lawrence jacksonDirector-$0--
FRED SALERNODirector-$0--
Filing and Contact Details

Filer

Filer Name
Modern States Education Alliance Inc
EIN
47-1018924
In Care Of
% ADAM WEINSTEIN
Phone
2127200345
Address
1633 Broadway 47th Fl, NEW YORK, NY 10019

Signing Officer

Name
Steven B Klinsky
Title
President
Phone
2127733000
Signed
2025-11-04
Discuss with paid preparer
Yes

Preparer

Firm
Ernst & Young US Llp
Address
99 WOOD AVENUE SOUTH, ISELIN, NJ 08830
Preparer
Michael Sales
Phone
7325164200
Raw XML AppendixShowing 400 of 569 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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GeneralExplanationAttachment/GeneralExplanationGrp/FormAndLineReferenceDesc0FORM 990-PF, PART VIII-A - DIRECT CHARITABLE ACTIVITIES
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GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt0MODERN STATES EDUCATION ALLIANCE IS A NON-PROFIT DEDICATED TO MAKING A HIGH-QUALITY COLLEGE EDUCATION FREE OF COST AND ACCESSIBLE TO ANY PERSON WHO SEEKS ONE. ITS FOUNDING PRINCIPLE IS THAT ACCESS TO AFFORDABLE EDUCATION IS FUNDAMENTAL TO ANY PHILOSOPHY THAT RESPECTS ALL INDIVIDUALS, AND FUNDAMENTAL TO THE AMERICAN DREAM. MODERN STATES INITIAL PROGRAM, FRESHMAN YEAR FOR FREE, IS INTENDED TO LET STUDENTS COMPLETE ONE YEAR OF COLLEGE WITHOUT EXPENSE, SAVING 25 PERCENT OF THE TOTAL COST OF TUITION. MODERN STATES OVERSAW DEVELOPMENT OF 32 ONLINE CLEP (COLLEGE LEVEL EXAMINATION PROGRAM) COURSES, ALL TAUGHT BY COLLEGE PROFESSORS FROM OUTSTANDING UNIVERSITIES. THE CURRICULUM FOR THESE COURSES WAS DEVELOPED BY THE PROFESSORS IN CONSULTATION WITH IBL, AN EDUCATION, MEDIA, AND TECHNOLOGY FIRM. THE COURSES ARE DESIGNED TO PROVIDE A THOROUGH UNDERSTANDING OF COLLEGE-LEVEL FRESHMAN COURSES AND GEARED TO HELP STUDENTS OF ALL AGES PASS CLEP EXAMS. THE COURSES WILL PREPARE STUDENTS FOR THE MAJOR "ADVANCED PLACEMENT" (AP)* OR "COLLEGE LEVEL EXAMINATION PROGRAM" (CLEP)* TESTS OFFERED BY THE COLLEGE BOARD. HISTORY, COMPUTER SCIENCE, MATH, ENGLISH, AND ECONOMICS ARE AMONG THE SUBJECTS BEING OFFERED. ACCORDING TO THE COLLEGE BOARD, MORE THAN 2,000 COLLEGES AND UNIVERSITIES OFFER CREDIT TO STUDENTS WHO PASS AP AND CLEP TESTS. STUDENTS MAY EARN A FEW CREDITS OR ENOUGH TO ACHIEVE SOPHOMORE STANDING, MAKING MODERN STATES AN ON-RAMP TO COLLEGE. TO SUPPORT STUDENTS, MODERN STATES HOPES TO PROVIDE ACCESS TO TUTORING AND MENTORING. MODERN STATES IS NOT IN OPPOSITION TO ANY TRADITIONAL COLLEGE AND RECOGNIZES THAT A FOUR-YEAR RESIDENTIAL EXPERIENCE AT AN ESTABLISHED UNIVERSITY IS THE PREFERRED ALTERNATIVE. HOWEVER, SUCH AN OPPORTUNITY IS OUT OF REACH FOR MANY, GIVEN THE HIGH COST OF TUITION AND OTHER FACTORS. ENROLLMENT IN MODERN STATES COURSES WILL BE "MASSIVELY OPEN" TO ALL PEOPLE WITHOUT REGARD TO AGE, LOCATION, FAMILY INCOME, OR OTHER FACTORS, AND WILL PROVIDE A CRTICIAL "ROAD BACK" FOR STUDENTS WHO HAVE NOT BEEN ABLE TO MEET THE TRADITIONAL PATH OF THE U.S. COLLEGE SYSTEM. THIS INITIATIVE IS MADE POSSIBLE THROUGH A GIFT FROM THE FAMILY OF STEVEN KLINSKY, FOUNDER OF MODERN STATES, AS WELL AS GIFTS FROM OTHER FOUNDATIONS. *ADVANCED PLACEMENT, AP AND CLEP ARE REGISTERED TRADEMARKS OF THE COLLEGE BOARD, WHICH WAS NOT INVOLVED IN THE PRODUCTION OF, AND DOES NOT ENDORSE, THESE OFFERINGS. During 2024, the Foundation provided reimbursement for the CLEP Fee Program to 49,864 students.
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0president & CEO
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt8DIRECTOR
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