2020-07-14T09:01:41-05:00 2019-06-30 990 2018-07-01 460807740 edX Inc EDXI 6172532744 141 Portland Street 9th Floor Cambridge MA 02139 Peter Brau Treasurer 2020-07-14 2018 2021-01-29 14:40:06Z Anant Agarwal 141 Portland Street 9th Floor Cambridge MA 02139 76416003 false X www.edx.org X 2012 MA THE EDX MISSION IS TO EXPAND ACCESS TO EDUCATION AND BECOME A LEADING RESOURCE FOR LEARNERS AND LEARNING WORLDWIDE BY PROVIDING AND ENHANCING TEACHING AND LEARNING ON CAMPUS AND ONLINE THROUGH ADVANCED TECHNOLOGIES AND RESEARCH. 9 1 230 0 0 0 19770580 26946496 37144085 47401776 0 483763 2980055 1188118 59894720 76020153 0 0 0 0 30421138 32016924 0 0 578512 36181503 42420190 66602641 74437114 -6707921 1583039 32621304 43668830 31017489 40481976 1603815 3186854 THE EDX MISSION IS TO EXPAND ACCESS TO EDUCATION AND BECOME A LEADING RESOURCE FOR LEARNERS AND LEARNING WORLDWIDE BY PROVIDING AND ENHANCING TEACHING AND LEARNING ON CAMPUS AND ONLINE THROUGH ADVANCED TECHNOLOGIES AND RESEARCH. false false 64847198 48589894 EDX'S LARGEST PROGRAM SERVICE ACTIVITIES ARE TO DEVELOP A LEARNING PLATFORM AS OPEN SOURCE SOFTWARE AND TO HOST ITS PARTNERS COURSES ON THAT PLATFORM, IN ORDER TO PROVIDE HIGH QUALITY ONLINE EDUCATIONAL EXPERIENCES WORLDWIDE. TOTAL ENROLLMENTS WERE APPROXIMATELY 67 MILLION WITH OVER 2,673 ONLINE COURSES. 64847198 true true false false false false false false false true false false false true true true false false true true false false false false false false false false true false false false false false false false false false false false false false true false false false true 40 0 true 230 true false false false false false false true false false false false false X 9 1 true false false false true true true true true false false true true true true true true true true false MA X Peter Brau 6173247059 141 Portland Street 9th Floor Cambridge MA 02139 Anant Agarwal CEO 60.0 0 X X 672336 0 97525 Alan Garber Co-Chair 2.0 0 X X 0 730520 195698 Martin Schmidt Co-Chair 2.0 60.0 X X 0 705016 75424 Jeff Bussgang Director 1.0 0 X 0 59637 0 Katherine Lapp Director 1.0 0 X 0 737282 44255 Israel Ruiz Director 1.0 60.0 X 0 770726 56185 Sanjay Sarma Director 1.0 60.0 X 0 601085 64527 Michael Smith Director 1.0 0 X 0 656182 105588 Bharat Anand Director 1.0 0 X 0 498786 37131 Alan Spoon Director 1.0 0 X 0 0 0 Nell Ma'luf Clerk 60.0 0 X 284746 0 42042 Adam Medros President and COO 60.0 0 X 456769 0 45949 Peter Brau Treasurer 60.0 0 X 75783 0 15449 Johannes Heinlein VP, Strategic Partnerships 60.0 0 X 363563 0 63031 Kathleen Pugh VP, Educational Services 60.0 0 X 286935 0 64641 Lee Rubenstein VP, Business Development 60.0 0 X 364202 0 62055 Mark Haseltine Chief Product Officer 60.0 0 X 419467 0 64516 Edward Batchelder Software Architect 60.0 0 X 262500 0 62258 Lauren Holliday Senior Director, Product 60.0 0 X 250519 0 47682 John Schwartz Director, Business Development 60.0 0 X 235311 0 56002 John Deitzel Account Executive 60.0 0 X 300617 0 10257 Jack Drew II Director, Sales 60.0 0 X 255853 0 25932 Alexandra Norkin Former VP, Marketing 40.0 0 X 225761 0 13909 4454361 4759235 1250053 98 true true false ARBISOFT LLC 2035 CENTRAL CIRCLE 201 MCKINNEY TX 75069 TECHNOLOGY SERVICES 1607477 PSI SERVICES LLC 18000 W 105TH STREET OLATHE KS 66061 CAREER DEVELOPMENT SERVICES 279693 TRUE SYNTHESIS LLC 56 N HADDON AVENUE 1ST FLOOR HADDONFIELD NJ 08033 TALENT ADVISORY SERVICES 247408 PRICEWATERHOUSECOOPERS LLP PO BOX 7247-8001 PHILADELPHIA PA 19170 ACCOUNTING SERVICES 131925 EMPIRICAL PATH LLC 512 TULANE DRIVE SE ALBUQUERQUE NM 87106 CONSULTING SERVICES 121142 5 7149809 10000000 9796687 26946496 SUPPORTED COURSE REVENUE 611710 320000 320000 HOSTING & DEVELOPMENT REVENUE 611710 991193 991193 CERTIFICATES REVENUE 611710 44897848 44897848 TUITION REVENUE 611710 1192735 1192735 0 0 0 0 47401776 483763 483763 395850 395850 0 0 0 0 0 0 SERVICES REVENUE 611710 528065 528065 EVENT REVENUE 611710 403597 403597 ALL OTHER REVENUE 611710 256456 256456 0 0 0 0 1188118 76020153 48589894 0 483763 X 0 0 3121380 2299926 515357 306097 21607944 17529214 3927867 150863 2157649 1725345 386608 45696 3198034 2569518 575766 52750 1931917 1559390 349421 23106 192568 157317 35251 221509 180960 40549 8252964 6742202 1510762 0 637877 521109 116768 1546573 1263462 283111 141705 115765 25940 24631270 24631270 2908540 2376112 532428 858074 700998 157076 667355 545191 122164 462303 377675 84628 104628 85475 19153 BAD DEBTS 914372 746990 167382 ADMIN FEES - MIT 455304 371957 83347 VERIFICATION FEES 194003 158489 35514 PROCTORING FEES 127780 104389 23391 103365 84444 18921 0 74437114 64847198 9011404 578512 22292565 29746794 7309621 8710695 0 0 0 0 1977715 4458061 3031806 2278526 1041403 753280 0 0 0 0 32621304 43668830 7398288 11493666 17099900 26218629 0 0 6519301 2769681 31017489 40481976 X 1603815 3186854 1603815 3186854 32621304 43668830 1583039 0 X false true X true false X X 2 MASSACHUSETTS INSTITUTE OF TECHNOLOGY 042103594 2 true 0 0 PRESIDENT AND FELLOWS OF HARVARD COLLEGE 042103580 2 true 0 0 2 0 0 22873789 23826449 25749405 19770580 26946496 119166719 0 0 22873789 23826449 25749405 19770580 26946496 119166719 0 119166719 0 0 0 0 879613 879613 0 0 0 0 0 0 0 0 0 0 0 0 120046332 149474555 0.9927 X true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3031806 2278526 753280 753280 DUE TO AFFILIATE 2769681 2769681 X 76416003 395850 395850 76020153 0 0 76020153 74832964 395850 395850 74437114 0 0 74437114 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote FOR TAX PURPOSES THE COMPANY IS DESIGNATED AS A NOT FOR PROFIT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COMPANY COMPLIES WITH THE AUTHORITATIVE GUIDANCE AND ACCOUNTING FOR AND DISCLOSURE OF UNCERTAINTY IN TAX POSITIONS, AND NO ESTIMATES FOR UNCERTAINTY HAVE BEEN RECORDED TO DATE. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 GROSS RENTAL INCOME NETTED WITH RENTAL EXPENSES - 395850 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSES NETTED WITH GROSS RENTAL INCOME - 395850 East Asia and the Pacific Program Services MEETINGS 58133 Europe (Including Iceland and Greenland) 7 Program Services MEETINGS 890765 Middle East and North Africa 1 Program Services MEETINGS 1656377 North America (Canada & Mexico only) Program Services MEETINGS 6293 South Asia 1 Program Services MEETINGS 142896 South America Program Services MEETINGS 1617 0 9 0 0 0 9 2756081 0 2756081 false false false false false false X X X true false false true false true false true false Anant Agarwal CEO 510016 0 124902 0 37418 0 44000 0 53525 0 769861 0 0 0 Alan Garber Co-Chair 0 698066 0 30000 0 2454 0 34815 0 160883 0 926217 0 0 Martin Schmidt Co-Chair 0 666172 0 0 0 38844 0 44000 0 31424 0 780440 0 0 Katherine Lapp Director 0 686371 0 30000 0 20912 0 34815 0 9440 0 781537 0 0 Israel Ruiz Director 0 726570 0 0 0 44156 0 30250 0 25935 0 826911 0 0 Sanjay Sarma Director 0 410208 0 0 0 190877 0 35750 0 28777 0 665613 0 0 Michael Smith Director 0 585406 0 20000 0 50776 0 34815 0 70773 0 761770 0 0 Bharat Anand Director 0 364175 0 85000 0 49611 0 34815 0 2316 0 535917 0 0 Nell Ma'luf Clerk 226100 0 56658 0 1988 0 32722 0 9320 0 326788 0 0 0 Adam Medros President and COO 391209 0 65560 0 0 0 15278 0 30671 0 502718 0 0 0 Alexandra Norkin Former VP, Marketing 72075 0 0 0 153687 0 7526 0 6383 0 239671 0 0 0 Johannes Heinlein VP, Strategic Partnerships 268250 0 84971 0 10342 0 32722 0 30309 0 426594 0 0 0 Kathleen Pugh VP, Educational Services 222594 0 60586 0 3755 0 33776 0 30865 0 351575 0 0 0 Lee Rubenstein VP, Business Development 272181 0 83622 0 8399 0 34830 0 27225 0 426256 0 0 0 Mark Haseltine Chief Product Officer 314930 0 84635 0 19901 0 32722 0 31794 0 483982 0 0 0 Edward Batchelder Software Architect 212638 0 49535 0 328 0 33593 0 28665 0 324757 0 0 0 Lauren Holliday Senior Director, Product 213594 0 36925 0 0 0 27433 0 20249 0 298201 0 0 0 John Schwartz Director, Business Development 194780 0 40531 0 0 0 29399 0 26603 0 291313 0 0 0 John Deitzel Account Executive 97183 0 203435 0 0 0 938 0 9320 0 310875 0 0 0 Jack Drew II Director, Sales 235018 0 20834 0 0 0 0 0 25932 0 281784 0 0 0 Schedule J, Part I LINES 5A AND 6A BONUSES WERE DEPENDENT ON ORGANIZATION GOALS WITH REVENUE AND NET EARNINGS AS COMPONENTS. Schedule J, Part I, Line 4a Severance or change-of-control payment A SEVERANCE PAYMENT WAS MADE TO ALEXANDRA NORKIN ($142,528) IN CALENDAR YEAR 2018. Schedule J, Part I, Line 7 Non-fixed payments Bonuses may be awarded for outstanding performance. Form 990, Part VI, Line 2 BUSINESS RELATIONSHIP THE FOLLOWING CURRENT OFFICERS/DIRECTORS OF EDX, INC. ARE EMPLOYED BY MIT, OF WHICH ISRAEL RUIZ IS AN OFFICER AND DIRECTOR: MARTIN SCHMIDT AND SANJAY SARMA. THE FOLLOWING CURRENT OFFICERS/DIRECTORS OF EDX, INC. ARE EMPLOYED BY HARVARD, OF WHICH KATHERINE LAPP IS AN OFFICER AND DIRECTOR: BHARAT ANAND, JEFF BUSSGANG, ALAN GARBER AND MICHAEL SMITH. ADDITIONALLY, ISRAEL RUIZ AND ALAN SPOON ARE MEMBERS OF THE BOARD OF FORTIVE CORPORATION. Form 990, Part VI, Line 15 COMPENSATION PROCESS EDX HAS A COMPENSATION COMMITTEE THAT REVIEWS THE SALARIES OF THE PRESIDENT, KEY EMPLOYEES AND OTHER OFFICERS. THE COMPENSATION REVIEW PROCESS INCLUDES INDUSTRY BENCHMARKING WITH BOTH ACADEMIC AND TECHNOLOGY SALARIES IN THE LOCAL AREA OF CAMBRIDGE, MA. Form 990, Part VI, Line 6 Classes of members or stockholders THE SOLE MEMBERS OF THE ORGANIZATION ARE THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE (HARVARD) AND THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT). Form 990, Part VI, Line 7a Members or stockholders electing members of governing body AS SET FORTH IN THE BYLAWS, EDX'S GOVERNING BODY (BOARD OF TRUSTEES) IS COMPOSED OF AN EQUAL NUMBER OF PERSONS APPOINTED BY ITS TWO MEMBERS, HARVARD AND MIT (IN ADDITION TO THE EDX CEO WHO SERVES AS AN EX-OFFICIO MEMBER OF THE BOARD). Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders AS SET FORTH IN THE BYLAWS, THE FOLLOWING POWERS ARE RESERVED TO THE MEMBERS: (I) DETERMINATION OF THE SIZE OF THE BOARD OF TRUSTEES; (II) ELECTION, SUSPENSION, OR REMOVAL OF THE PRESIDENT AND, IF DIFFERENT, THE CHIEF EXECUTIVE OFFICER; AND (III) DETERMINATION OF WHETHER A THIRD PARTY'S EDUCATIONAL OR INFORMATIONAL CONTENT WILL BE MADE ACCESSIBLE THROUGH THE ORGANIZATION. Form 990, Part VI, Line 11b Review of form 990 by governing body MEMBERS OF EDX'S SENIOR MANAGEMENT REVIEW THE FORM 990. FOLLOWING THAT REVIEW AND BEFORE THE FORM 990 IS FILED, EDX'S AUDIT COMMITTEE IS PROVIDED THE FORM FOR REVIEW, COMMENT, AND APPROVAL. Form 990, Part VI, Line 12c Conflict of interest policy THE QUESTIONNAIRE AND POLICIES REQUIRE THAT COVERED INDIVIDUALS ANNUALLY ACKNOWLEDGE IN WRITING THAT THEY ARE AWARE OF THE POLICY AND IDENTIFY ANY RELATIONSHIPS OR RESPONSIBILITIES THAT HAVE THE POTENTIAL OF PRODUCING CONFLICTS OF INTEREST. EACH YEAR, DISCLOSURE FORMS ARE DISTRIBUTED TO THOSE COVERED BY THESE POLICIES. IF A RESPONSE REVEALS A CONFLICT OR POTENTIAL CONFLICT, SUCH CONFLICT IS REFERRED TO THE APPROPRIATE INDIVIDUAL OR BODY FOR CONSIDERATION AND MANAGEMENT. Form 990, Part VI, Line 19 Required documents available to the public EDX'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part IX, Column (D) FUNDRAISING THE ORGANIZATION RECEIVES GENEROUS DONATIONS TO SUPPORT THE MISSION AND ACTIVELY ENGAGES IN FUNDRAISING. Form 990, Part IX, Line 11g Other Fees RECRUITING - Total Expense: 233670, Program Service Expense: 190895, Management and General Expenses: 42775, Fundraising Expenses: ; MARKETING & BUSINESS DEVELOPMENT - Total Expense: 1493782, Program Service Expense: 1220335, Management and General Expenses: 273447, Fundraising Expenses: ; ENGINEERING - Total Expense: 3155144, Program Service Expense: 2577573, Management and General Expenses: 577571, Fundraising Expenses: ; EDUCATIONAL SUPPORT SERVICES - Total Expense: 813197, Program Service Expense: 664336, Management and General Expenses: 148861, Fundraising Expenses: ; HOSTING - Total Expense: 1353562, Program Service Expense: 1105783, Management and General Expenses: 247779, Fundraising Expenses: ; TEMPORARY HELP - Total Expense: 432005, Program Service Expense: 352924, Management and General Expenses: 79081, Fundraising Expenses: ; OTHER - Total Expense: 771604, Program Service Expense: 630356, Management and General Expenses: 141248, Fundraising Expenses: ; MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE NE49-3142 CAMBRIDGE MA 02139 042103594 EDUCATION MA 501(c)(3) 2 NA false HARVARD UNIVERSITY 1033 Massachusetts Avenue 2nd Floor Cambridge MA 02138 042103580 EDUCATION MA 501(c)(3) 2 NA false false false true false false false false false false false false false true false false false true false false