2020-08-18T10:34:39-05:00 2019-12-31 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2019-01-01 261544963 KHAN ACADEMY INC KHAN 6503365426 PO BOX 1630 MOUNTAIN VIEW CA 94042 SALMAN KHAN CEO 6503365426 2020-08-12 1 MAGA E KISRIEV P01008919 4157810793 24.6.126.165 2020-08-12 14:11:15 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 AC4DF2D4A42C6AD81B5321F7D48656F676E65BB0 2019 2020-09-23 17:36:50Z SALMAN KHAN PO BOX 1630 MOUNTAIN VIEW CA 94042 92559725 0 X WWW.KHANACADEMY.ORG X 2007 CA A FREE WORLD-CLASS EDUCATION FOR ANYONE, ANYWHERE. 7 6 251 1200 0 0 31433356 27629684 10327301 17240125 964018 1323725 18245 51191 42742920 46244725 277150 210405 0 0 35041887 38621891 59000 0 2113921 13485696 15492296 48863733 54324592 -6120813 -8079867 97940308 86675767 12370094 8822913 85570214 77852854 X A FREE WORLD-CLASS EDUCATION FOR ANYONE, ANYWHERE. 0 0 31519406 0 12860000 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 2019, AN AVERAGE OF 18 MILLION LEARNERS WERE ACTIVE ON KA EACH MONTH IN 190 COUNTRIES AND TRANSLATED INTO MORE THAN 40 LANGUAGES, APPROXIMATELY 40% WERE LOCATED OUTSIDE THE UNITED STATES. MAJOR PRODUCT LAUNCHES IN 2019 INCLUDED TOOLS FOR SCHOOLS DISTRICTS INCLUDING THE NWEA MAP ACCELERATOR AND DISTRICT DASHBOARD, OFFICIAL ONLINE PRAXIS CORE TEST PREP FOR ASPIRING TEACHERS IN COLLABORATION WITH ETS, AS WELL AS IMPROVEMENTS TO OUR MASTERY LEARNING FEATURES AND EXPANDED CONTENT LIBRARY WITH THE ADDITION OF MORE SUBJECTS, UNIT TESTS, AND QUIZZES. 8626710 0 0 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, MEXICO, 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, THE LEMANN FOUNDATION, AND THE CARLOS SLIM FOUNDATION. BY THE END OF 2019, WE HAD MORE THAN 100 MILLION REGISTERED STUDENTS, TEACHERS, AND PARENTS. 8170098 0 4000000 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 HUMANITIES 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. AT THE END OF 2019, THERE WERE APPROXIMATELY 429 COURSES, 13,000 VIDEOS, 75,000 PRACTICE PROBLEMS AND 4,000 ARTICLES IN THE KHAN ACADEMY LIBRARY AND 18 MILLION LEARNERS PER MONTH ACCESSED THIS CONTENT. 210405 210405 380125 GRANTS TO THE KHAN LAB SCHOOL AND OTHER ORGANIZATIONS. 210405 210405 380125 48526619 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 39 0 1 251 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 MICHAEL JOHNSON 6503365426 PO BOX 1630 MOUNTAIN VIEW CA 94042 ANN DOERR CHAIRMAN 10.00 0.00 X X 0 0 0 LARRY COHEN DIRECTOR 2.00 0.00 X 0 0 0 DAN BENTON DIRECTOR (THRU 2/11/19) 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 SALMAN KHAN CHIEF EXECUTIVE OFFICER 40.00 1.00 X X 839000 0 34016 GINNY LEE CHIEF OPERATING OFFICER 40.00 0.00 X 624000 0 45016 MICHAEL JOHNSON CHIEF FINANCIAL OFFICER 40.00 0.00 X 306500 0 37604 JULIA COWLES GENERAL COUNSEL AND SECRETARY 40.00 0.00 X 213500 0 28325 MARTA KOSARCHYN VP OF ENGINEERING 40.00 0.00 X 380600 0 31088 KATHERINE MORRIS VP OF PRODUCT MANAGEMENT & CONTENT 40.00 0.00 X 340424 0 32539 CATHERINE WANG VP OF MARKETING & STRATEGIC PSHIPS 40.00 0.00 X 348700 0 18173 NANCY LEE HR BUSINESS PARTNER 40.00 0.00 X 322408 0 43606 MICHAEL FLEXER CTO CHIEF ARCHITECT, KHAN KIDS 40.00 0.00 X 312400 0 19697 CAROLINE FLEXER VP KHAN KIDS 40.00 0.00 X 304947 0 28365 PAUL MORGAN DIRECTOR ENGINEERING 40.00 0.00 X 273596 0 43351 JOHN RESIG DIRECTOR ENGINEERING 40.00 0.00 X 270700 0 30165 4536775 0 391945 140 0 1 0 IWORK GLOBAL 19080 LOMITA AVE SONOMA CA 95476 CONSULTING SERVICES 1426782 RANDSTAD SOURCERIGHT PO BOX 415521 BOSTON MA 02241 TALENT ACQUISITION 455851 TARGET CW 9475 CHESAPEAKE DR SAN DIEGO CA 92123 CONSULTING SERVICES 390783 PARTNER HERO INC 570 EL CAMINO REAL 150-407 REDWOOD CITY CA 94063 COMMUNITY SUPPORT CONSULTANTS 324894 QBS LEARNING 242 WEST 30TH STREET SUITE 1100 NEW YORK NY 10001 CONTENT CREATION 231348 8 27629684 4340313 27629684 DEVELOPMENT FEES 541900 9030000 9030000 MAINTENANCE FEES 541900 4100000 4100000 CONTENT LICENSING FEES 519130 3730000 3730000 SPEAKING FEES 541900 380125 380125 17240125 1313365 1313365 4142 4142 46315000 10360 46315000 0 0 10360 10360 10360 MISCELLANEOUS 900099 52051 52051 LOSS ON FOREIGN CURRENCY 523000 -5002 -5002 47049 46244725 17240125 0 1374916 140000 140000 70405 70405 3279488 2437726 610457 231305 28530287 25804938 1607371 1117978 1018500 890680 93407 34413 3808855 3295765 396401 116689 1984761 1770764 134934 79063 140501 91787 48714 125277 20000 105277 4461089 4073804 322035 65250 1061673 1029585 22641 9447 1535546 1084838 117945 332763 5814726 5697648 76161 40917 1323590 1215307 53238 55045 730099 650561 64841 14697 31575 23731 4893 2951 93953 82212 7065 4676 129085 110263 12613 6209 EMPLOYEE & TEACHER GIFT 39406 31925 5285 2196 5776 4680 774 322 54324592 48526619 3684052 2113921 4587662 5146593 52915669 39075719 16757165 12182731 5810431 2794421 230170 235291 1793851 1592523 229151 201328 17261856 26803372 148204 236312 97940308 86675767 5753427 6519528 6616667 2303385 12370094 8822913 X 65074739 62723833 20495475 15129021 85570214 77852854 97940308 86675767 X -8079867 359673 2834 X 0 1 X 1 0 X 24353123 36347249 42784250 31433356 27629684 162547662 24353123 36347249 42784250 31433356 27629684 162547662 49095010 113452652 16175 109243 602486 969670 1317507 3015081 -2456 20123 9670 12443 47049 86829 165649572 48841028 0.68490 0.67660 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2015 AMOUNT: $ -2,456. 2016 AMOUNT: $ 30,705. 2017 AMOUNT: $ 9,301. 2018 AMOUNT: $ 12,411. 2019 AMOUNT: $ 52,051. GAIN/LOSS ON FOREIGN CURRENCY - 2016 AMOUNT: $ -10,582. 2017 AMOUNT: $ 369. 2018 AMOUNT: $ 32. 2019 AMOUNT: $ -5,002. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1121583 1037675 83908 672268 554848 117420 201328 X 47988831 359673 1384433 1744106 46244725 0 46244725 55709025 1384433 1384433 54324592 0 54324592 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, 2019, AND 2018, 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) 0 0 PROGRAM INDEPENDENT CONTRACTOR - TRANSLATION, SECURITY SOFTWARE, SOCIAL MEDIA. 71091 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 10 PROGRAM CONTENT CREATION, MARKETING AND EMPLOYEE SALARIES, BENEFITS, TAXES & CONTRACTORS. 1899831 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 PROGRAM INDEPENDENT CONTRACTOR - CONTENT CREATION. 1815 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 2 0 PROGRAM INDEPENDENT CONTRACTOR - CONTENT CREATION, MARKETING AND RENT. 686302 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 2 17 PROGRAM EMPLOYEE SALARIES, BENEFITS, TAXES AND G&A AND CONTRACTORS. 1724222 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM CONTENT LOCALIZATION. 2214 4 27 0 0 4 27 4385475 0 4385475 0 0 1 0 0 0 PART III ACCOUNTING METHOD: 1 KHAN LAB SCHOOL 1200 VILLA STREET MOUNTAIN VIEW CA 94142 465742553 501(C)(3) 140000 GENERAL OPERATIONS 1 0 JR. BREAKTHROUGH PRIZE SCHOLARSHIP WINNER 1 62650 TEACHER TRAINING PRIZE 2 7755 PART I, LINE 2: THE CEO REGULARLY ATTENDS BOARD MEETINGS IN WHICH THE SCHOOL PROVIDES UPDATES, INCLUDING FINANCIAL UPDATES. X X X 0 0 0 0 0 0 0 0 0 SALMAN KHAN CHIEF EXECUTIVE OFFICER 530000 0 309000 0 0 0 0 0 34016 0 873016 0 0 0 GINNY LEE CHIEF OPERATING OFFICER 424000 0 200000 0 0 0 11000 0 34016 0 669016 0 0 0 MICHAEL JOHNSON CHIEF FINANCIAL OFFICER 250000 0 56500 0 0 0 8412 0 29192 0 344104 0 0 0 JULIA COWLES GENERAL COUNSEL AND SECRETARY 192500 0 21000 0 0 0 4153 0 24172 0 241825 0 0 0 MARTA KOSARCHYN VP OF ENGINEERING 275000 0 105600 0 0 0 9469 0 21619 0 411688 0 0 0 KATHERINE MORRIS VP OF PRODUCT MANAGEMENT & CONTENT 243824 0 96600 0 0 0 9515 0 23024 0 372963 0 0 0 CATHERINE WANG VP OF MARKETING & STRATEGIC PSHIPS 250000 0 98700 0 0 0 9556 0 8617 0 366873 0 0 0 NANCY LEE HR BUSINESS PARTNER 232308 0 90100 0 0 0 9590 0 34016 0 366014 0 0 0 MICHAEL FLEXER CTO CHIEF ARCHITECT, KHAN KIDS 240000 0 72400 0 0 0 7548 0 12149 0 332097 0 0 0 CAROLINE FLEXER VP KHAN KIDS 225147 0 79800 0 0 0 6385 0 21980 0 333312 0 0 0 PAUL MORGAN DIRECTOR ENGINEERING 210096 0 63500 0 0 0 9335 0 34016 0 316947 0 0 0 JOHN RESIG DIRECTOR ENGINEERING 221500 0 49200 0 0 0 5993 0 24172 0 300865 0 0 0 X 13 4340313 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS REFLECTS THE NUMBER OF DONORS, NOT 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 B, LINE 11B THE TAXPAYER'S ACCOUNTING FIRM FORWARDED THE FORM 990 TO THE CONTROLLER AND CFO FOR REVIEW. THE CFO 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 CFO. EITHER THE CFO OR THE ACCOUNTING FIRM ADDRESSED THE QUESTIONS FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CFO 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 APPROVED 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 2,834. 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 KHAN LAB SCHOOL B 140000 CASH