2021-09-28T11:38:26-05:00 2020-12-31 941254756 HOOD & STRONG LLP 275 BATTERY STREET STE 900 SAN FRANCISCO CA 94111 990 2020-01-01 261544963 KHAN ACADEMY INC KHAN 6503365426 PO BOX 1630 MOUNTAIN VIEW CA 94042 SALMAN KHAN CEO 6503365426 2021-09-28 1 SALMAN KHAN 999009999 MAGA E KISRIEV P01008919 4157810793 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z SALMAN KHAN PO BOX 1630 MOUNTAIN VIEW CA 94042 79340879 0 X WWW.KHANACADEMY.ORG X 2007 CA A FREE WORLD-CLASS EDUCATION FOR ANYONE, ANYWHERE. 7 6 197 1400 0 0 27629684 65711147 17240125 12611627 1323725 902990 51191 115115 46244725 79340879 210405 0 0 0 38621891 41739807 0 41870 2654743 15492296 14994524 54324592 56776201 -8079867 22564678 86675767 115080607 8822913 14355478 77852854 100725129 X A FREE WORLD-CLASS EDUCATION FOR ANYONE, ANYWHERE. 0 1 34883201 0 10787021 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. IN ADDITION TO SERVING INDIVIDUAL LEARNERS, WE HAVE DEVELOPED FEATURES TO ENABLE TEACHERS TO MAKE ASSIGNMENTS AND TRACK STUDENT PROGRESS AND TO FACILITATE BULK ROSTERING OF STUDENTS BY SCHOOL DISTRICTS. IN 2020, AN AVERAGE OF 20 MILLION LEARNERS WERE ACTIVE ON KHAN ACADEMY EACH MONTH IN 190 COUNTRIES AND TRANSLATED INTO MORE THAN 40 LANGUAGES, APPROXIMATELY 40% WERE LOCATED OUTSIDE THE U.S. GIVEN COVID, KHAN ACADEMY FOCUSED ON CREATING RESOURCES TO KEEP STUDENTS LEARNING INCLUDING DAILY SCHEDULES, MICROSITES FOR PARENTS, WEBINARS FOR TEACHERS AND SAL'S DAILY HOMEROOM. PRODUCT LAUNCHES IN 2020 INCLUDED KHAN KIDS VERSION 3.0 AND OUR BACK TO SCHOOL 'GET READY FOR GRADE LEVEL' CONTENT. WE CONTINUE TO MAKE IMPROVEMENTS TO OUR MASTERY LEARNING FEATURES AND EXPANDED CONTENT LIBRARY WITH THE ADDITION OF MORE SUBJECTS, UNIT TESTS, AND QUIZZES. 7646202 0 1595000 CONTENT CREATION AND CURATION: THE KHAN ACADEMY PLATFORM CONTAINS A ROBUST AMOUNT OF EDUCATIONAL RESOURCES. WE CONTINUE STRENGTHENING OUR MATH RESOURCES, WHILE ALSO ACCELERATING THE DEVELOPMENT OF SCIENCE AND OTHER CONTENT OFFERINGS, AND FORGING PARTNERSHIPS WITH EMINENT ACADEMIC AND EDUCATION INSTITUTIONS TO CREATE WORLD-CLASS CONTENT. KHAN ACADEMY'S GOAL IN THIS REALM IS TO ESTABLISH OURSELVES AS THE GO-TO PLACE FOR LEARNERS AND TEACHERS TO FIND ENGAGING AND ALIGNED CONTENT SO THEY CAN LEARN, CHECK THEIR UNDERSTANDING, AND GAIN PRACTICE WHERE NEEDED BOTH IN THE CLASSROOM OR ON THEIR OWN. AT THE END OF 2020, THERE WERE APPROXIMATELY 549 COURSES, 13,500 VIDEOS, 86,100 PRACTICE PROBLEMS AND 5,400 ARTICLES IN THE KHAN ACADEMY LIBRARY AND 20 MILLION ACTIVE LEARNERS ACCESSED THIS CONTENT. 7602621 0 130161 AWARENESS AND ADOPTION: WE WILL CONTINUE DEVELOPING PARTNERSHIPS WITH INSTITUTIONS AROUND THE WORLD TO INCREASE AWARENESS ABOUT KHAN ACADEMY AND GROW OUR IMPACT. EXAMPLE PARTNERSHIPS INCLUDE SCHOOL DISTRICTS IN THE US AND IN OTHER PRIORITY MARKETS, INCLUDING INDIA, BRAZIL, AND PERU; TEST MAKERS AND CREDENTIALING BODIES LIKE COLLEGE BOARD, THE LAW SCHOOL ADMISSION COUNCIL AND ETS; CORPORATIONS LIKE BANK OF AMERICA; AND FOUNDATIONS LIKE THE BILL AND MELINDA GATES FOUNDATION AND THE LEMANN FOUNDATION. BY THE END OF 2020, WE HAD MORE THAN 100 MILLION REGISTERED STUDENTS, TEACHERS, AND PARENTS. 35163 0 229606 GRANTS TO THE KHAN LAB SCHOOL AND OTHER ORGANIZATIONS. 35163 0 229606 50167187 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 1 1 0 0 1 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 25 0 1 197 1 0 1 IN 0 0 0 1 1 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA CT FL GA HI IL KS KY MA MD MI MN MS NC NH NJ NM NY OK OR PA RI SC TN UT VA WI WV X X TINA SACHS 6503365426 PO BOX 1630 MOUNTAIN VIEW CA 94042 SALMAN KHAN CHIEF EXECUTIVE OFFICER 40.00 1.00 X X 762140 0 27798 ANN DOERR CHAIRMAN 10.00 0.00 X X 0 0 0 LARRY COHEN 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 JAMES MANYIKA DIRECTOR 2.00 0.00 X 0 0 0 CURTIS FEENEY DIRECTOR 2.00 0.00 X 0 0 0 GINNY LEE CHIEF OPERATING OFFICER 40.00 0.00 X 674069 0 38798 MICHAEL JOHNSON CHIEF FINANCIAL OFFICER 40.00 0.00 X 374813 0 34500 JULIA COWLES GENERAL COUNSEL AND SECRETARY 40.00 0.00 X 282558 0 24344 MARTA KOSARCHYN VP OF ENGINEERING 40.00 0.00 X 399890 0 29495 KATHERINE MORRIS VP OF PRODUCT MANAGEMENT & CONTENT 40.00 0.00 X 349924 0 27418 CATHERINE WANG VP MARKETING & STRATEGIC PARTNERSHIPS 40.00 0.00 X 364886 0 21455 MICHAEL FLEXER CTO CHIEF ARCHITECT, KHAN KIDS 40.00 0.00 X 327923 0 21143 CAROLINE FLEXER VP KHAN KIDS 40.00 0.00 X 318635 0 23565 JOHN RESIG DIRECTOR ENGINEERING 40.00 0.00 X 280021 0 35293 PAUL MORGAN DIRECTOR ENGINEERING 40.00 0.00 X 275301 0 27499 MICHAEL CHANOVER VP DESIGN 40.00 0.00 X 291104 0 9354 4701264 0 320662 149 0 1 0 IWORK GLOBAL 19080 LOMITA AVE SONOMA CA 95476 CONSULTING SERVICES 1278276 TARGET CW 9475 CHESAPEAKE DR SAN DIEGO CA 92123 CONSULTING SERVICES 824518 PARTNER HERO INC 570 EL CAMINO REAL 150-407 REDWOOD CITY CA 94063 COMMUNITY SUPPORT CONSULTANTS 479418 KJ LINK INTERNATIONAL 268 CASTRO STREET MOUNTAIN VIEW CA 94041 ENGINEERING SERVICES 182180 QBS LEARNING 242 WEST 30TH STREET SUITE 1100 NEW YORK NY 10001 CONTENT CREATION 134016 8 65711147 11761225 65711147 DEVELOPMENT FEES 541900 6273021 6273021 MAINTENANCE FEES 541900 4544000 4544000 CONTENT LICENSING FEES 519130 1565000 1565000 SPEAKING FEES 541900 229606 229606 12611627 902990 902990 7676 7676 MISCELLANEOUS 900099 130161 130161 LOSS ON FOREIGN CURRENCY 523000 -22722 -22722 107439 79340879 12741788 0 887944 3412088 2461997 724670 225421 31724942 28398632 1792390 1533920 4454247 3931545 332739 189963 2148530 1903017 146704 98809 127057 13432 113625 117636 14140 103496 41870 41870 4085910 3653695 307652 124563 866760 848088 11645 7027 942982 490261 117466 335255 7040612 6826717 185616 28279 1396534 1251359 89796 55379 175093 166085 3681 5327 19696 17942 1654 100 69598 61835 4747 3016 111340 96495 10146 4699 EMPLOYEE & TEACHER GIFT 29583 22875 5910 798 BAD DEBT EXPENSE 110 85 22 3 11613 8987 2312 314 56776201 50167187 3954271 2654743 5132537 9091452 6345639 33188190 12182731 6747458 2794421 3377903 235392 450922 1793966 1662236 201328 131730 59547407 61889966 236312 202986 86675767 115080607 6519528 8024496 2303385 1399617 0 4931365 8822913 14355478 X 62723833 82186932 15129021 18538197 77852854 100725129 86675767 115080607 X 22564678 330315 -22718 X 0 1 X 1 0 X 36347249 42784250 31433356 27629684 65711147 203905686 36347249 42784250 31433356 27629684 65711147 203905686 51804474 152101212 109243 602486 969670 1317507 910666 3909572 -10582 369 32 -5002 -22722 -37905 207777353 58144108 0.73200 0.68490 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GAIN/LOSS ON FOREIGN CURRENCY - 2016 AMOUNT: $ -10,582. 2017 AMOUNT: $ 369. 2018 AMOUNT: $ 32. 2019 AMOUNT: $ -5,002. 2020 AMOUNT: $ -22,722. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 17563101 9560 382 17572279 0.93900 0.06050 0.00050 0 0 1121583 1058340 63243 672383 603896 68487 131730 X 82245960 330315 2574766 2905081 79340879 0 79340879 59350967 2574766 2574766 56776201 0 56776201 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. PART X, LINE 2: KHAN ACADEMY, INC. IS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE SERVICE CODE SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. DDM IS EXEMPT FROM FEDERAL TAX AS A SINGLE MEMBER LIMITED LIABILITY COMPANY UNDER THE ACADEMY. KAI IS REGISTERED UNDER SECTION 12AA OF THE INCOME TAX ACT, 1961 IN INDIA VIDE COMMISSIONER OF INCOME TAX'S COMMUNICATION REFERENCE LETTER NUMBER CIT(E)/2017-18/DEL-KR 26575-16102017/824, DATED OCTOBER 16, 2017 ("APPROVAL LETTER") AND ACCORDINGLY, IS EXEMPT FROM PAYING INCOME TAXES ON EXCESS OF REVENUE OVER EXPENSES SUBJECT TO COMPLIANCE WITH THE CONDITIONS AS STIPULATED IN AFORESAID APPROVAL LETTER. KAI IS ALSO REGISTERED UNDER SECTION 8G OF THE INCOME TAX ACT AND THE REGISTRATION IS VALID TILL IT IS RESCINDED. AS OF DECEMBER 31, 2020, AND 2019, MANAGEMENT EVALUATED THE ACADEMY'S TAX POSITIONS AND CONCLUDED THAT THE ACADEMY HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM INDEPENDENT CONTRACTOR - TRANSLATION, SECURITY SOFTWARE. 3425 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 14 PROGRAM CONTENT CREATION, MARKETING AND EMPLOYEE SALARIES, BENEFITS, TAXES & CONTRACTORS. 2164842 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 2 0 PROGRAM INDEPENDENT CONTRACTOR - CONTENT CREATION, MARKETING AND RENT. 691469 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 19 PROGRAM EMPLOYEE SALARIES, BENEFITS, TAXES AND G&A AND CONTRACTORS. 1529331 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM CONTENT LOCALIZATION. 2214 3 33 0 0 3 33 4391281 0 4391281 0 0 1 0 0 0 PART III ACCOUNTING METHOD: 1 TARGETCW 9475 CHESAPEAKE DR SAN DIEGO CA 92123 GRANT REPORT WRITER 0 0 41870 -41870 41870 -41870 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X X X 0 0 0 0 0 0 0 0 0 SALMAN KHAN CHIEF EXECUTIVE OFFICER 530000 0 232140 0 0 0 0 0 27798 0 789938 0 0 0 GINNY LEE CHIEF OPERATING OFFICER 440869 0 233200 0 0 0 11000 0 27798 0 712867 0 0 0 MICHAEL JOHNSON CHIEF FINANCIAL OFFICER 274808 0 100005 0 0 0 9916 0 24584 0 409313 0 0 0 JULIA COWLES GENERAL COUNSEL AND SECRETARY 224808 0 57750 0 0 0 4379 0 19965 0 306902 0 0 0 MARTA KOSARCHYN VP OF ENGINEERING 289885 0 110005 0 0 0 11000 0 18495 0 429385 0 0 0 KATHERINE MORRIS VP OF PRODUCT MANAGEMENT & CONTENT 264923 0 85001 0 0 0 10508 0 16910 0 377342 0 0 0 CATHERINE WANG VP MARKETING & STRATEGIC PARTNERSHIP 264885 0 100001 0 0 0 11000 0 10455 0 386341 0 0 0 MICHAEL FLEXER CTO CHIEF ARCHITECT, KHAN KIDS 249923 0 78000 0 0 0 11000 0 10143 0 349066 0 0 0 CAROLINE FLEXER VP KHAN KIDS 239885 0 78750 0 0 0 6563 0 17002 0 342200 0 0 0 JOHN RESIG DIRECTOR ENGINEERING 229962 0 50059 0 0 0 5798 0 29495 0 315314 0 0 0 PAUL MORGAN DIRECTOR ENGINEERING 225000 0 50301 0 0 0 10520 0 16979 0 302800 0 0 0 MICHAEL CHANOVER VP DESIGN 264962 0 26142 0 0 0 8790 0 564 0 300458 0 0 0 X 24 11761225 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. 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 III, LINE 3 WHEN SCHOOL CLOSURES BEGAN AND THROUGHOUT 2020, THE ACADEMY SAW AN IMMEDIATE AND UNPRECEDENTED DEMAND FOR OUR SERVICES. AS A RESULT, WE ENSURED THAT THE SITE WAS ABLE TO HANDLE GREATLY INCREASED TRAFFIC. IN ADDITION, OUR FOCUS WAS ON CREATING RESOURCES TO KEEP STUDENTS LEARNING INCLUDING DAILY SCHEDULES, MICROSITES FOR PARENTS, WEBINARS FOR TEACHERS AND SAL'S DAILY HOMEROOM. FORM 990, PART VI, SECTION B, LINE 11B THE TAXPAYER'S ACCOUNTING FIRM FORWARDED THE FORM 990 TO THE DIRECTOR OF FINANCE & ACCOUNTING / TREASURER FOR REVIEW. THE TREASURER 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 TREASURER. EITHER THE TREASURER 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 XI, LINE 9: CURRENCY TRANSLATION ADJUSTMENT -22,718. DUCK DUCK MOOSE LLC PO BOX 1630 MOUNTAIN VIEW CA 94042 611799353 ON-LINE EARLY LEARNING CA 0 0 KHAN ACADEMY INC KHAN LAB SCHOOL 1200 VILLA STREET MOUNTAIN VIEW CA 94142 465742553 EDUCATION CA 501(C)(3) LINE 2 KHAN ACADEMY INC 1 KHAN ACADEMY INDIA AWFIS 1ST FLOOR L-29 OUTER CIRCL NEW DELHI DELHI IN 110001 EDUCATION IN 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