Modern States Education Alliance Inc
- Assets
- $697.5k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2014
- Data as of
- 12/2020
- EIN
- 47-1018924
Organization Overview
Modern States Education Alliance Inc is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Modern States Education Alliance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Modern States Education Alliance Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 41.2% each year . All expenses for the organization totaled $1.9m during the year ending 12/2020. While expenses have increased by 38.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHMENT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven B Klinsky President & CEO | 5 | $0 | |
David Vise Executive Director | 24 | $0 | |
Steven Reiss Director | 0.1 | $0 | |
Maureen Sherry Director | 0.1 | $0 | |
Adele Malpass Director | 0.1 | $0 | |
Tom Luce Director | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amigot Corp | 12/30/20 | $54,000 |
Shapiro Consulting | 12/30/20 | $103,822 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,155,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,155,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $125,900 |
| Pension plans, employee benefits | $13,564 |
| Interest | $0 |
| Taxes | $7,189 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,093 |
| Printing and publications | $0 |
| Other expenses | $102,132 |
| Total operating and administrative expenses | $608,597 |
| Contributions, gifts, grants paid | $1,263,144 |
| Total expenses and disbursements | $1,871,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $691,506 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,007 |
| Net Pledges Receivable | $5,000 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $697,513 |
| Accounts payable and accrued expenses | $388,058 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $388,058 |
Grants Awarded
Over the last fiscal year, Modern States Education Alliance Inc has awarded $1,333,535 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CLEP EXAM FEE PROGRAM - INDIVIDUAL RECIPIENTS PURPOSE: REIMBURSEMENT TO APPROXIMATELY 19,953 INDIVIDUALS FOR CLEP EXAM FEES INCURRED DURING 2020. | $1,328,215 |
MIAMI DADE COLLEGE PURPOSE: TEST CENTER SUPPORT | $5,320 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Modern States Education Alliance Inc has recieved totaling $153,755.
| Awarding Organization | Amount |
|---|---|
The Heckscher Foundation For Children New York, NY PURPOSE: NEW YORK CITY X FRESHMAN YEAR FOR FREE | $153,755 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |