2024-11-14T11:40:26-06:00 2023-12-31 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2023-01-01 261544963 KHAN ACADEMY INC KHAN 6503365426 PO BOX 1630 MOUNTAIN VIEW CA 94042 SALMAN KHAN CEO 6503365426 2024-11-13 1 0 MAGA E KISRIEV P01008919 4089988400 2023 2024-10-15 13:58:12Z SALMAN KHAN PO BOX 1630 MOUNTAIN VIEW CA 94042 113370118 0 X WWW.KHANACADEMY.ORG X 2007 CA A FREE WORLD-CLASS EDUCATION FOR ANYONE, ANYWHERE. 12 11 237 600 0 0 39984004 84189187 12923384 12064239 340623 1950682 -13194 63613 53234817 98267721 0 0 0 0 43486013 51557594 0 0 3358294 14671489 16569607 58157502 68127201 -4922685 30140520 105255724 136250357 11532697 7728577 93723027 128521780 A FREE WORLD-CLASS EDUCATION FOR ANYONE, ANYWHERE. 0 0 40118764 0 11884239 PLATFORM DEVELOPMENT: OUR PLATFORM DEVELOPMENT TEAM FOCUSES ON BUILDING THE WEB AND MOBILE SOFTWARE THAT ALLOWS US TO OFFER STUDENTS A WORLD-CLASS, PERSONALIZED LEARNING EXPERIENCE ACROSS MULTIPLE SUBJECT AREAS. BY STRENGTHENING THE PLATFORM, WE ARE ABLE TO PROVIDE STUDENTS WITH A LEARNING EXPERIENCE THAT RIVALS THAT OF A PERSONALIZED, ALWAYS-AVAILABLE TUTOR. IN THE CALENDAR YEAR 2023, AN AVERAGE OF 9.8 MILLION LEARNERS WERE ACTIVE ON OUR PLATFORM EACH MONTH IN MORE THAN 190 COUNTRIES. APPROXIMATELY 50% OF OUR LEARNERS WERE LOCATED OUTSIDE OF THE UNITED STATES. OUR CONTENT IS TRANSLATED INTO MORE THAN 65 LANGUAGES. WE CONTINUE TO MAKE IMPROVEMENTS TO OUR MASTERY LEARNING FEATURES AND EXPANDED CONTENT LIBRARY WITH THE ADDITION OF MORE SUBJECTS, UNIT TESTS AND QUIZZES. 8535632 0 120000 CONTENT CREATION AND CURATION: THE KHAN ACADEMY PLATFORM INCLUDES AN EXTENSIVE AND GROWING LIBRARY OF EDUCATIONAL RESOURCES. AT THE END OF 2023, IT CONTAINED APPROXIMATELY 650 ACTIVE COURSES, 39,000 VIDEOS, 22,500 SETS OF PRACTICE PROBLEMS, AND 11,000 ARTICLES. AN AVERAGE OF 9.8 MILLION ACTIVE REGISTERED LEARNERS ACCESSED THE CONTENT EACH MONTH. IN 2023, WE CONTINUED TO DEEPEN AND BROADEN OUR COURSE OFFERINGS IN MATH AND SCIENCE, AND WE FORGED PARTNERSHIPS TO HELP US CREATE MORE WORLD-CLASS CONTENT. KHAN ACADEMY'S GOAL IS TO BE THE WORLD'S BEST LEARNING RESOURCE, PROVIDING FREE, RIGOROUS, AND ENGAGING STANDARDS-ALIGNED INSTRUCTIONAL AND PRACTICE CONTENT TO TEACHERS AND LEARNERS IN THE K-12 CLASSROOM ESPECIALLY, BUT ALSO TO ANY INDEPENDENT LEARNER, ANYWHERE IN THE WORLD. 9423773 0 60000 AWARENESS AND ADOPTION: WE WILL CONTINUE DEVELOPING PARTNERSHIPS WITH INSTITUTIONS ACROSS THE WORLD TO INCREASE AWARENESS ABOUT KHAN ACADEMY AND INCREASE OUR IMPACT. EXAMPLE PARTNERSHIPS INCLUDE SCHOOL DISTRICTS IN THE UNITED STATES AND OTHER MARKETS, INCLUDING INDIA, BRAZIL AND PERU; TESTMAKERS AND CREDENTIALING BODIES LIKE THE LAW SCHOOL ADMISSION COUNCIL, THE ASSOCIATION OF MEDICAL COLLEGES AND EDUCATIONAL TESTING SERVICE; CORPORATIONS LIKE GOOGLE; AND FOUNDATIONS LIKE THE BILL AND MELINDA GATES FOUNDATION AND THE LEMANN FOUNDATION. BY THE END OF 2023, WE HAD MORE THAN 162 MILLION REGISTERED STUDENTS, TEACHERS AND PARENTS. 58078169 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 17 0 1 237 1 0 1 IN 0 0 0 1 1 0 0 0 0 0 0 X 12 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT FL GA HI IL KS KY MA MD MI MN MS NV NH NJ NM NY NC ND OH OR PA RI SC TN UT VA WA WV WI X X JULIAN ROBERTS 6503365426 PO BOX 1630 MOUNTAIN VIEW CA 94042 ANN DOERR CHAIRMAN 10.00 0.00 X X 0 0 0 CURTIS FEENEY DIRECTOR 2.00 0.00 X 0 0 0 DAVID SIEGEL DIRECTOR 2.00 0.00 X 0 0 0 LARRY COHEN DIRECTOR 2.00 0.00 X 0 0 0 LAURA OVERDECK DIRECTOR 2.00 0.00 X 0 0 0 PATRICIA LEVESQUE DIRECTOR 2.00 0.00 X 0 0 0 SEAN O'SULLIVAN DIRECTOR 2.00 0.00 X 0 0 0 TED MITCHELL DIRECTOR 2.00 0.00 X 0 0 0 SANJIV YAJNIK DIRECTOR 2.00 0.00 X 0 0 0 CARLOS RODRIGUEZ-PASTOR DIRECTOR 2.00 0.00 X 0 0 0 REED HASTINGS DIRECTOR 2.00 0.00 X 0 0 0 SALMAN KHAN CHIEF EXECUTIVE OFFICER 40.00 2.00 X X 882700 0 29985 JULIAN ROBERTS CHIEF FINANCIAL OFFICER 40.00 0.00 X 411925 0 43185 JULIA COWLES VP GENERAL COUNSEL AND SECRETARY 40.00 1.00 X 346565 0 37897 VICKI ZUBOVIC CHIEF EXTERNAL RELATIONS OFFICER 40.00 0.00 X 443049 0 22873 PAUL MORGAN CHIEF TECHNOLOGY OFFICER 40.00 0.00 X 358563 0 30611 REGINA ROSS CHIEF PEOPLE OFFICER 40.00 0.00 X 349683 0 27244 KRISTEN DICERBO CHIEF LEARNING OFFICER 40.00 1.00 X 353141 0 22873 CAROLINE FLEXER VP PRODUCT, KHAN KIDS 40.00 0.00 X 346411 0 30611 MICHAEL FLEXER CHIEF ARCHITECT, KHAN KIDS 40.00 0.00 X 343503 0 22873 SANDEEP BAPNA VP INTERNATIONAL OPERATIONS 40.00 0.00 X 332528 0 42123 JOHN RESIG DIRECTOR ENGINEERING 40.00 0.00 X 312777 0 33472 DIANA OLIN ASSOCIATE GENERAL COUNSEL 40.00 0.00 X 304956 0 21979 SUJATA SALEM DIRECTOR ENGINEERING 40.00 0.00 X 289518 0 23788 JASON CHANCEY DIRECTOR ENGINEERING 40.00 0.00 X 278488 0 41321 THEODORE CHEN DIRECTOR ENGINEERING 40.00 0.00 X 267406 0 33579 5621213 0 464414 203 0 1 0 TARGET CW 9475 CHESAPEAKE DR SAN DIEGO CA 92123 CONSULTING SERVICES 1903132 VELOCITY GLOBAL 3858 WALNUT ST SUITE 107 DENVER CO 80205 CONSULTING SERVICES 1081231 PARTNER HERO INC 570 EL CAMINO REAL 150-407 REDWOOD CITY CA 94063 COMMUNITY SUPPORT CONSULTANTS 354085 KJ LINK INTERNATIONAL 268 CASTRO STREET MOUNTAIN VIEW CA 94041 KHAN ACADEMY KIDS SUPPORT 216486 APOYO COMMUNICATIONS SA AV CAMINO REAL N 389 LIMA PE PLATFORM SUPPORT FOR PARTNERS IN PERU 176293 6 84189187 5052057 84189187 DEVELOPMENT FEES 541900 8248614 8248614 MAINTENANCE FEES 541900 3635625 3635625 CONTENT LICENSING FEES 541900 120000 120000 SPEAKING FEES 541900 60000 60000 12064239 2810406 2810406 59583 59583 14242673 15102397 -859724 -859724 -859724 MISCELLANEOUS 900099 22335 22335 LOSS ON FOREIGN CURREN 523000 -18305 -18305 4030 98267721 12064239 0 2014295 5786200 3791925 1533023 461252 37104487 33023226 2582709 1498552 5910546 5064198 581667 264681 2756361 2404509 214073 137779 163758 18787 144971 235882 54450 181432 104692 104692 4955325 4259158 559858 136309 574808 512864 13977 47967 1070796 566878 166575 337343 7349100 6529169 435819 384112 1138178 1010544 84613 43021 757585 655193 68248 34144 78467 67177 4816 6474 17366 15116 1492 758 100250 87687 8332 4231 EMPLOYEE & TEACHER GIFT 20102 14852 3815 1435 3298 2436 626 236 68127201 58078169 6690738 3358294 4761853 6294509 38713 1033472 3821038 4246813 2550183 4766875 1305338 1657027 1543246 1534879 25731 8367 91666476 117370915 1086392 872379 105255724 136250357 3148832 2678554 7415279 4247038 968586 802985 11532697 7728577 X 75120880 82262690 18602147 46259090 93723027 128521780 105255724 136250357 30140520 4658233 0 X X 0 1 X 1 0 X 27629684 65711147 48693146 39984004 84189187 266207168 27629684 65711147 48693146 39984004 84189187 266207168 41538669 224668499 1317507 910666 1228451 1382867 2869989 7709480 -5002 -22722 -17015 -12234 -18305 -75278 273841370 64401557 0.82040 0.79080 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GAIN/LOSS ON FOREIGN CURRENCY - 2019 AMOUNT: $ -5,002. 2020 AMOUNT: $ -22,722. 2021 AMOUNT: $ -17,015. 2022 AMOUNT: $ -12,234. 2023 AMOUNT: $ -18,305. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19488510 3336665 22825175 22730527 1500000 -4742017 19488510 17572279 3933117 1286902 61771 22730527 17563101 9560 382 17572279 0.71035 0.28965 0.00000 0 0 917297 911332 5965 625949 623547 2402 8367 LEASE LIABILITIES 802985 802985 107635829 4658233 4814567 9472800 98163029 104692 104692 98267721 72837076 4814567 4814567 68022509 104692 104692 68127201 PART V, LINE 4: THE BOARD DESGINATED ENDOWMENT FUND IS SUBJECT TO THE ACADEMY'S ENDOWMENT SPENDING POLICY. THE BOARD OF DIRECTORS MAY AT ITS DISCRETION USE THE FUNDS FOR ANY ACADEMY PURPOSES INCLUDING BUT NOT LIMITED TO OPERATIONS AND FUTURE PROGRAMS. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 24 PROGRAM EMPLOYEE SALARIES, BENEFITS, TAXES, AND CONTRACTORS, LEGAL SERVICES 4152716 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 22 PROGRAM EMPLOYEE SALARIES, BENEFITS, TAXES AND G&A AND CONTRACTORS. 1896865 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM CONTENT CREATION, MARKETING AND LEGAL SERVICES, DISTRICT PARTNERSHIPS IN PERU 525059 1 46 0 0 1 46 6574640 0 6574640 0 0 1 0 0 0 1 X X X X 0 0 0 0 0 0 0 0 0 SALMAN KHAN CHIEF EXECUTIVE OFFICER 870174 0 12526 0 0 0 0 0 29985 0 912685 0 0 0 VICKI ZUBOVIC CHIEF EXTERNAL RELATIONS OFFICER 438750 0 4203 0 96 0 13200 0 9673 0 465922 0 0 0 JULIAN ROBERTS CHIEF FINANCIAL OFFICER 411863 0 0 0 62 0 13200 0 29985 0 455110 0 0 0 PAUL MORGAN CHIEF TECHNOLOGY OFFICER 355882 0 2681 0 0 0 13200 0 17411 0 389174 0 0 0 JULIA COWLES VP GENERAL COUNSEL AND SECRETARY 343092 0 3473 0 0 0 13200 0 24697 0 384462 0 0 0 CAROLINE FLEXER VP PRODUCT, KHAN KIDS 342971 0 3440 0 0 0 13200 0 17411 0 377022 0 0 0 REGINA ROSS CHIEF PEOPLE OFFICER 346210 0 3473 0 0 0 3545 0 23699 0 376927 0 0 0 KRISTEN DICERBO CHIEF LEARNING OFFICER 350002 0 3139 0 0 0 13200 0 9673 0 376014 0 0 0 SANDEEP BAPNA VP INTERNATIONAL OPERATIONS 300795 0 3355 0 28378 0 12284 0 29839 0 374651 0 0 0 MICHAEL FLEXER CHIEF ARCHITECT, KHAN KIDS 340879 0 2624 0 0 0 13200 0 9673 0 366376 0 0 0 JOHN RESIG DIRECTOR ENGINEERING 302500 0 2309 0 7968 0 12192 0 21280 0 346249 0 0 0 DIANA OLIN ASSOCIATE GENERAL COUNSEL 303544 0 1412 0 0 0 12306 0 9673 0 326935 0 0 0 JASON CHANCEY DIRECTOR ENGINEERING 276341 0 2147 0 0 0 11336 0 29985 0 319809 0 0 0 SUJATA SALEM DIRECTOR ENGINEERING 287304 0 2214 0 0 0 11689 0 12099 0 313306 0 0 0 THEODORE CHEN DIRECTOR ENGINEERING 267406 0 0 0 0 0 11110 0 22469 0 300985 0 0 0 X 12 5052057 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF ITEMS DONATED. FORM 990, PART I, LINE 6: WE HAVE MANY TRANSLATORS AROUND THE WORLD WHO TRANSLATE OUR WEBSITE FOR FREE. WE DO NOT TRACK THE HOURS THAT THEY SPEND. OBTAINED ESTIMATE FROM A MEMBER OF INTERNATIONAL TEAM. WE ALSO HAVE A HANDFUL OF PEOPLE WHO PROVIDE VOLUNTEER SUPPORT. AND FINALLY WE HAVE OUR BOARD MEMBERS AND GLOBAL ADVISORY BOARD. FORM 990, PART VI, SECTION A, LINE 2 CAROLINE FLEXER, VP PRODUCT, KHAN KIDS, AND MICHAEL FLEXER, CHIEF ARCHITECT, KHAN KIDS, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE TAXPAYER'S ACCOUNTING FIRM FORWARDED THE FORM 990 TO THE CHIEF FINANCIAL OFFICER FOR REVIEW. THE CHIEF FINANCIAL OFFICER FORWARDED THE FORM 990 TO THE FULL BOARD FOR THEIR REVIEW PRIOR TO FILING THE FORM 990. BOARD MEMBERS WERE ENCOURAGED TO REVIEW THE FORM 990 AND TO FORWARD THEIR QUESTIONS AND/OR COMMENTS TO THE CHIEF FINANCIAL OFFICER. EITHER THE CHIEF FINANCIAL OFFICER OR THE ACCOUNTING FIRM ADDRESSED THE QUESTIONS FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE GENERAL COUNSEL ANNUALLY DISTRIBUTES CONFLICT DISCLOSURE FORMS AND A COPY OF THE CONFLICT OF INTEREST POLICY, WHICH ARE COLLECTED AND REVIEWED FOR ANY DISCLOSED CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR CEO IS EVALUATED BY THE COMPENSATION COMMITTEE COMPRISED OF KHAN ACADEMY BOARD MEMBERS. IT INCLUDED AN EVALUATION PROCESS, COMPARABILITY DATA, BOTH INTERNAL AND EXTERNAL AND APPROVAL BY THE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). FORM 990, PART XII, LINE 2B: THE ORGANIZATION RECEIVED AUDITED FINANCIAL STATEMENTS BY AN INDEPENDENT ACCOUNTANT FOR THE 18 MONTHS PERIOD STARTING JANUARY 1, 2023 AND ENDING JUNE 30, 2024. DUCK DUCK MOOSE LLC PO BOX 1630 MOUNTAIN VIEW CA 94042 611799353 ON-LINE EARLY LEARNING CA 0 0 KHAN ACADEMY INC KHAN ACADEMY INDIA AWFIS 1ST FLOOR L-29 OUTER CIRCL NEW DELHI DELHI IN 110001 EDUCATION IN 501(C)(3) KHAN ACADEMY INC 1 KHAN ACADEMY BRASIL RUA DOS PINHEIROS 870 - 25TH FLOOR SO PAULO PINHEIROS BR 05422-001 EDUCATION BR 501(C)(3) KHAN ACADEMY INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0