2019-05-15T09:01:17-05:00 2018-06-30 990 2017-07-01 460807740 edX Inc EDXI 6172532744 141 Portland Street 9th Floor Cambridge MA 02139 Peter Brau Vice President of Finance 2019-05-15 2017 2019-02-21 02:37:17Z Anant Agarwal 141 Portland Street 9th Floor Cambridge MA 02139 59894721 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 1 201 0 0 0 25749405 19770580 24909208 37144085 0 0 3434044 2980056 54092657 59894721 0 0 0 0 29166950 30421138 0 0 0 27906104 36386044 57073054 66807182 -2980397 -6912461 35922260 32621304 27610524 31222029 8311736 1399275 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 54274671 40124141 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 59 MILLION WITH OVER 2,635 ONLINE COURSES. 54274671 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 201 true false false false false false false true 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 4157301709 141 Portland Street 9th Floor Cambridge MA 02139 Anant Agarwal CEO 60.0 0 X X 669781 0 117749 Alan Garber Co-Chair 2.0 0 X X 0 686907 193993 Martin Schmidt Co-Chair 2.0 60.0 X X 0 681998 96171 Jeff Bussgang Director 1.0 0 X 0 57900 141 Katherine Lapp Director 1.0 0 X 0 693510 43387 Israel Ruiz Director 1.0 60.0 X 0 744243 55668 Sanjay Sarma Director 1.0 60.0 X 0 505916 58967 Michael Smith Director 1.0 0 X 0 608935 121447 Alan Spoon Director 1.0 0 X 0 0 0 Wendy Cebula President (Outgoing) 60.0 0 X 431443 0 34033 Mark Haseltine Interim President 60.0 0 X 469331 0 63472 Nell Ma'luf Clerk 60.0 0 X 287114 0 38552 Adam Medros President and COO 60.0 0 X 52601 0 2886 Risa Sparks Treasurer (Outgoing) 60.0 0 X 176607 0 28102 Johannes Heinlein VP, Strategic Partnerships 60.0 0 X 372428 0 62168 Iain Kennedy VP, Product 60.0 0 X 257482 0 27254 Alexandra Norkin VP, Marketing 60.0 0 X 372542 0 53694 Kathleen Pugh VP, Educational Services 60.0 0 X 296482 0 62445 Lee Rubenstein VP, Business Development 60.0 0 X 352319 0 60910 Edward Batchelder Software Architect 60.0 0 X 261381 0 61677 Catherine Cho Director, Engineering 60.0 0 X 216547 0 52288 Lauren Holliday Senior Director, Product 60.0 0 X 223573 0 37601 Steve Magoun Senior Director, Strategic Partnerships 60.0 0 X 216915 0 54104 John Schwartz Director, Business Development 60.0 0 X 197062 0 29063 4853608 3979409 1355772 102 false true false Arbisoft LLC 2035 Central Circle 201 McKinney TX 75069 Technology Services 1577045 True Capital Partners True Search 66 Tanner Street Haddonfield NJ 08033 Recruiting Services 278510 Edelman 200 E Randoph Drive Chicago IL 60601 Communications Services 234455 True Synthesis LLC 56 N Haddon Avenue 1st Floor Haddonfield NJ 08033 Talent Advisory Services 233400 PSI Services LLC 611 N Brand Boulevard 10th Floor Glendale CA 91203 Career Development Services 203856 6 7449454 10000000 2321126 19770580 HOSTING & DEVELOPMENT REVENUE 611710 1821284 1821284 CERTIFICATES REVENUE 611710 35290301 35290301 TRAINING REVENUE 611710 32500 32500 0 0 0 0 37144085 734108 734108 0 0 0 0 OTHER REVENUE 611710 2245948 2245948 0 0 0 0 2245948 59894721 40124141 0 0 X 0 0 4268425 3467701 800724 19503567 15844849 3658718 6649146 5401818 1247328 263121 213762 49359 134479 109252 25227 8534813 6933748 1601065 0 2250792 1828561 422231 135653 110206 25447 19247734 15637008 3610726 3088826 2509386 579440 581057 472055 109002 148078 120300 27778 400673 325510 75163 88590 71971 16619 MATERIALS & SUPPLIES 620 504 116 OTHER EXPENSES 1511608 1228040 283568 0 0 0 0 66807182 54274671 12532511 0 25613650 22292565 1480000 0 5908155 7309621 0 0 0 1876023 1977715 2857626 1816223 1044432 1041403 0 0 0 0 35922260 32621304 8766096 7602828 16430633 17099900 0 2413795 6519301 27610524 31222029 X 6779736 1399275 1532000 0 8311736 1399275 35922260 32621304 -6912461 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 true false false false false false false false false false false false false false false true false 2857626 1816223 1041403 1041403 DUE TO AFFILIATE 6519301 6519301 X 59894721 0 0 59894721 0 0 59894721 66807182 0 0 66807182 0 0 66807182 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. Central America and the Caribbean Program Services MEETINGS 5883 East Asia and the Pacific Program Services MEETINGS 28255 Europe (Including Iceland and Greenland) 1 Program Services MEETINGS 775155 Middle East and North Africa Program Services MEETINGS 689 North America (Canada & Mexico only) Program Services MEETINGS 70928 South Asia 2 Program Services MEETINGS 1599232 Russia and Neighboring States Program Services MEETINGS 1598 South America Program Services MEETINGS 2698 0 3 0 0 0 3 2484438 0 2484438 false false false false false false X X X false false false true false true false true false Anant Agarwal CEO 484660 0 149056 0 36065 0 40500 0 77249 0 787530 0 0 0 Alan Garber Co-Chair 0 684551 0 0 0 2356 0 34140 0 159853 0 880900 0 0 Martin Schmidt Co-Chair 0 644765 0 0 0 37233 0 40500 0 55671 0 778169 0 0 Katherine Lapp Director 0 673154 0 0 0 20356 0 34140 0 9247 0 736897 0 0 Israel Ruiz Director 0 702801 0 0 0 41442 0 29700 0 25968 0 799911 0 0 Sanjay Sarma Director 0 412691 0 0 0 93225 0 29700 0 29267 0 564883 0 0 Michael Smith Director 0 574239 0 0 0 34696 0 34140 0 87307 0 730382 0 0 Wendy Cebula President (Outgoing) 257697 0 151601 0 22145 0 32076 0 1957 0 465476 0 0 0 Mark Haseltine Interim President 305512 0 149312 0 14507 0 32076 0 31396 0 532803 0 0 0 Nell Ma'luf Clerk 212145 0 74969 0 0 0 28980 0 9572 0 325666 0 0 0 Risa Sparks Treasurer (Outgoing) 161617 0 14990 0 0 0 9368 0 18734 0 204709 0 0 0 Johannes Heinlein VP, Strategic Partnerships 260704 0 103828 0 7896 0 32076 0 30092 0 434596 0 0 0 Iain Kennedy VP, Product 186719 0 64346 0 6417 0 13163 0 14091 0 284736 0 0 0 Alexandra Norkin VP, Marketing 279070 0 84111 0 9361 0 34140 0 19554 0 426236 0 0 0 Kathleen Pugh VP, Educational Services 216652 0 77735 0 2095 0 32076 0 30369 0 358927 0 0 0 Lee Rubenstein VP, Business Development 264026 0 80397 0 7896 0 34140 0 26770 0 413229 0 0 0 Edward Batchelder Software Architect 207362 0 53761 0 258 0 33108 0 28569 0 323058 0 0 0 Catherine Cho Director, Engineering 179212 0 37335 0 0 0 23719 0 28569 0 268835 0 0 0 Lauren Holliday Senior Director, Product 185758 0 37734 0 81 0 18115 0 19486 0 261174 0 0 0 Steve Magoun Senior Director, Strategic Partnerships 179262 0 37653 0 0 0 23961 0 30143 0 271019 0 0 0 John Schwartz Director, Business Development 171304 0 25758 0 0 0 1377 0 27686 0 226125 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 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: 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 BUT DOES NOT ACTIVELY ENGAGE IN FUNDRAISING. Form 990, Part IX, Line 11g Other Fees RECRUITING - Total Expense: 275867, Program Service Expense: 224116, Management and General Expenses: 51751, Fundraising Expenses: ; MARKETING & BUSINESS DEVELOPMENT - Total Expense: 1901113, Program Service Expense: 1544479, Management and General Expenses: 356634, Fundraising Expenses: ; ENGINEERING - Total Expense: 2463319, Program Service Expense: 2001219, Management and General Expenses: 462100, Fundraising Expenses: ; EDUCATIONAL SUPPORT SERVICES - Total Expense: 1437442, Program Service Expense: 1167789, Management and General Expenses: 269653, Fundraising Expenses: ; ARCHITECTURE & DESIGN - Total Expense: 47479, Program Service Expense: 38572, Management and General Expenses: 8907, Fundraising Expenses: ; HOSTING - Total Expense: 1486794, Program Service Expense: 1207883, Management and General Expenses: 278911, Fundraising Expenses: ; TEMPORARY HELP - Total Expense: 455571, Program Service Expense: 370109, Management and General Expenses: 85462, Fundraising Expenses: ; OTHER - Total Expense: 467228, Program Service Expense: 379581, Management and General Expenses: 87647, Fundraising Expenses: ; MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE 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