2018-05-15T09:00:33-05:00 2017-06-30 990 2016-07-01 460807740 edX Inc EDXI 6172532744 141 Portland Street 9th Floor Cambridge MA 02139 Risa Sparks Treasurer 2018-05-15 2016 2021-01-29 14:40:06Z Anant Agarwal 141 Portland Street 9th Floor Cambridge MA 02139 54092657 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 1 199 0 0 0 23826449 25749405 14878188 24909208 0 0 4103469 3434044 42808106 54092657 0 0 0 24384635 29166950 0 0 0 21687750 27906104 46072385 57073054 -3264279 -2980397 37929199 35922260 26637066 27610524 11292133 8311736 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 48474488 28343252 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 42 million with over 3,600 online courses. 48474488 true true false false false false false false false false true false false false true true true false false false 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 47 0 true 199 true false false false false false false false false false false X 9 1 true false false false true true true true true false false true true true true false false true true false MA X Risa Sparks 4157301709 141 Portland Street 9th Floor Cambridge MA 02139 Anant Agarwal CEO, Director, Treasurer (Outgoing) 60.0 0 X X 651449 0 66854 Alan Garber Co-Chair and Director 2.0 60.0 X X 0 679963 191997 Martin Schmidt Co-Chair and Director 2.0 60.0 X X 0 650991 118240 Jeff Bussgang Director 1.0 60.0 X 0 56213 141 Katherine Lapp Director 1.0 60.0 X 0 694200 42447 Israel Ruiz Director 1.0 60.0 X 0 700307 55006 Sanjay Sarma Director 1.0 60.0 X 0 500296 58783 Michael Smith Director 1.0 60.0 X 0 582232 119724 Alan Spoon Director 1.0 0 X 0 0 0 Manali Bettendorf Treasurer (Outgoing) 60.0 0 X 188906 0 21088 Wendy Cebula President & COO 60.0 0 X 505867 0 34560 Nell Ma'luf Clerk and General Counsel 60.0 0 X 213648 0 32219 Risa Sparks Treasurer (Incoming) 60.0 0 X 0 0 0 Tena Zara Clerk and General Counsel (Outgoing) 60.0 0 X 369565 0 46936 Mark Haseltine VP, Engineering 60.0 0 X 396614 0 62639 Johannes Heinlein VP, Strategic Partnerships 60.0 0 X 338092 0 61818 Iain Kennedy VP, Product 60.0 0 X 181033 0 9436 Alexandra Norkin VP, Marketing 60.0 0 X 357572 0 53735 Kathleen Pugh VP, Educational Services 60.0 0 X 275036 0 61481 Lee Rubenstein VP, Business Development 60.0 0 X 342782 0 60185 Edward Batchelder edX Architect 60.0 0 X 263897 0 59771 Michael Dumbroski Director of Content Acquisition 60.0 0 X 199669 0 44237 Scott Dunn Director of Engineering 60.0 0 X 225498 0 2889 Edward Fagin Chief Architect 60.0 0 X 214789 0 35023 Steve Magoun Director of Engineering 60.0 0 X 210082 0 53252 4934499 3864201 1292463 80 false true false Material Advantage LLC 12 Stedman Road Lexington MA 02421 Organizational Development Consultant 252759 Stephen E Smith 330 Madison Ave New York NY 10017 Sales Agent 233582 Corporate Traveler 467 Washington St Boston MA 02111 Travel Agent Services 201310 BigRio LLC 300 Baker Ave 300 Concord MA 01742 Engineering Services 136200 Foundation Talent LLC 56 N Haddon Avenue Haddonfield NJ 08033 Recruiting Services 125500 7 8089816 10000000 7659589 25749405 Hosting & Development Revenue 611710 773526 773526 Certificates Revenue 611710 24107682 24107682 Training Revenue 611710 28000 28000 0 0 0 0 24909208 700852 700852 0 0 0 0 Other Revenue 611710 2733192 2733192 0 0 0 0 2733192 54092657 28343252 0 0 X 4412222 3747481 664741 18401345 15629018 2772327 6353383 5396189 957194 126114 107114 19000 122352 103919 18433 8599363 7303792 1295571 0 1162817 987628 175189 356097 302448 53649 13728543 11660215 2068328 1752425 1488407 264018 622260 528511 93749 160055 135941 24114 357518 303655 53863 90123 76545 13578 MATERIALS & SUPPLIES 4631 3933 698 OTHER EXPENSES 823806 699692 124114 0 0 0 0 57073054 48474488 8598566 0 25412768 25613650 2475000 1480000 7402377 5908155 0 0 0 1480709 1876023 2466234 1421802 1158345 1044432 0 0 0 0 37929199 35922260 6912507 8766096 17727655 16430633 1996904 2413795 26637066 27610524 X 8760133 6779736 2532000 1532000 11292133 8311736 37929199 35922260 -2980397 0 X false true X true 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 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2466234 1421802 1044432 1044432 DUE TO AFFILIATE 2413795 2413795 X 54092657 0 0 54092657 0 0 54092657 57073054 0 0 57073054 0 0 57073054 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. East Asia and the Pacific Program Services MEETINGS 105899 Europe (Including Iceland and Greenland) Program Services MEETINGS 152181 Middle East and North Africa Program Services MEETINGS 40009 North America (Canada & Mexico only) Program Services MEETINGS 16588 South Asia Program Services MEETINGS 22295 Central America and the Caribbean Program Services MEETINGS 937 East Asia and the Pacific Program Services SUBRECIPIENT AGREEMENTS 168000 0 0 0 0 0 0 505909 0 505909 false false false false false false X X X true false false true false true false false false Anant Agarwal CEO, Director, Treasurer (Outgoing) 471550 0 144044 0 35855 0 39750 0 27104 0 718304 0 0 0 Alan Garber Co-Chair and Director 0 667674 0 10000 0 2289 0 33825 0 158172 0 871960 0 0 Martin Schmidt Co-Chair and Director 0 624031 0 0 0 26960 0 39750 0 78490 0 769231 0 0 Katherine Lapp Director 0 656975 0 35000 0 2225 0 33825 0 8622 0 736647 0 0 Israel Ruiz Director 0 670617 0 0 0 29690 0 29150 0 25856 0 755313 0 0 Sanjay Sarma Director 0 393363 0 0 0 106932 0 29150 0 29633 0 559079 0 0 Michael Smith Director 0 580973 0 0 0 1259 0 33825 0 85899 0 701956 0 0 Manali Bettendorf Treasurer (Outgoing) 125010 0 47328 0 16567 0 14939 0 6148 0 209993 0 0 0 Wendy Cebula President & COO 374924 0 109878 0 21065 0 31768 0 2792 0 540426 0 0 0 Nell Ma'luf Clerk and General Counsel 180003 0 33565 0 81 0 22589 0 9630 0 245868 0 0 0 Tena Zara Clerk and General Counsel (Outgoing) 132651 0 70266 0 166649 0 32224 0 14712 0 416501 0 0 0 Mark Haseltine VP, Engineering 294646 0 101600 0 368 0 31768 0 30872 0 459253 0 0 0 Johannes Heinlein VP, Strategic Partnerships 253265 0 77694 0 7133 0 31768 0 30051 0 399910 0 0 0 Iain Kennedy VP, Product 79919 0 69096 0 32017 0 4088 0 5349 0 190469 0 0 0 Alexandra Norkin VP, Marketing 271039 0 80046 0 6487 0 33825 0 19910 0 411307 0 0 0 Kathleen Pugh VP, Educational Services 211000 0 62284 0 1752 0 31768 0 29713 0 336516 0 0 0 Lee Rubenstein VP, Business Development 256956 0 77694 0 8133 0 33825 0 26360 0 402967 0 0 0 Edward Batchelder edX Architect 203481 0 60335 0 81 0 31768 0 28004 0 323668 0 0 0 Michael Dumbroski Director of Content Acquisition 165834 0 33754 0 81 0 23745 0 20492 0 243906 0 0 0 Scott Dunn Director of Engineering 181655 0 43438 0 406 0 695 0 2194 0 228387 0 0 0 Edward Fagin Chief Architect 189308 0 25400 0 81 0 11143 0 23880 0 249813 0 0 0 Steve Magoun Director of Engineering 173553 0 36123 0 406 0 23370 0 29882 0 263334 0 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment A severance payment was made to Tena Zara ($124,990) in Calendar Year 2016. Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization BONUSES WERE DEPENDENT ON ORGANIZATION GOALS WITH REVENUE AND NET EARNINGS AS COMPONENTS. Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization BONUSES WERE DEPENDENT ON ORGANIZATION GOALS WITH REVENUE AND NET EARNINGS AS COMPONENTS. Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL NAME - MANALI BETTENDORF, COMPENSATION FROM UNRELATED ORGANIZATION - 25425.000000, NAME OF UNRELATED ORGANIZATION - NEXTSOURCE, INC., TYPE OF COMPENSATION - SERVICES 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 15a Process to establish compensation of top management official 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 15b Process to establish compensation of other employees 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 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) 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: 139599, Program Service Expense: 118567, Management and General Expenses: 21032, Fundraising Expenses: ; Marketing & Business Development - Total Expense: 3336486, Program Service Expense: 2833815, Management and General Expenses: 502671, Fundraising Expenses: ; Engineering - Total Expense: 1940664, Program Service Expense: 1648286, Management and General Expenses: 292378, Fundraising Expenses: ; Educational Support Services - Total Expense: 1444313, Program Service Expense: 1226714, Management and General Expenses: 217599, Fundraising Expenses: ; Architecture & Design - Total Expense: 364, Program Service Expense: 309, Management and General Expenses: 55, Fundraising Expenses: ; Hosting - Total Expense: 619335, Program Service Expense: 526027, Management and General Expenses: 93308, Fundraising Expenses: ; Temporary Help - Total Expense: 473813, Program Service Expense: 402429, Management and General Expenses: 71384, Fundraising Expenses: ; Other - Total Expense: 644789, Program Service Expense: 547645, Management and General Expenses: 97144, Fundraising Expenses: ; 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 AT FORTIVE CORPORATION. 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 true false false false false false false false true true false false false false false false