2017-05-12T09:12:05-05:00 2016-06-30 990 2015-07-01 460807740 edX Inc EDXI 6172532744 141 Portland Street 9th Floor Cambridge MA 02139 Risa Sparks Treasurer 2017-05-12 2015 2021-01-29 14:40:06Z Anant Agarwal 141 Portland Street 9th Floor Cambridge MA 02139 42808106 false X www.edx.org X 2012 MA SEE SCHEDULE O. 9 8 169 0 0 0 22873789 23826449 9958262 14878188 0 3477350 4103469 36309401 42808106 1200 0 0 21766435 24384635 0 0 14615253 21687750 36382888 46072385 -73487 -3264279 39125559 37929199 24569147 26637066 14556412 11292133 SEE SCHEDULE O. false false 38244517 14878188 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 28 million with over 2,500 online courses. 38244517 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 false false false false true 41 0 true 169 true false false false false false false false false false false X 9 8 false false false false true true true true true false false true true true true false false true true false MA X Kevin Neary 6173249743 141 Portland Street 9th Floor Cambridge MA 02139 Martin A Schmidt Co-Chair & Director 1.0 0 X X 0 0 0 Anant Agarwal CEO 60.0 0 X X 648303 0 67070 Alan Garber Co-Chair & Director 1.0 0 X X 0 0 0 Alan G Spoon Director 1.0 0 X 0 0 0 Israel Ruiz Director 1.0 0 X 0 0 0 Katherine Lapp Director 1.0 0 X 0 0 0 James Ryan Director 1.0 0 X 0 0 0 Michael Smith Director 1.0 0 X 0 0 0 Sanjay Sarma Director 1.0 0 X 0 0 0 Manali Bettendorf Treasurer 60.0 0 X 204868 0 21677 Wendy Cebula President & COO 60.0 0 X 479784 0 31825 Tena Herlihy Clerk and General Counsel 60.0 0 X 297842 0 57745 Mark Haseltine VP, Engineering 60.0 0 X 272109 0 34350 Johannes Heinlein Vice President of Strategic Partnerships 60.0 0 X 329926 0 61799 Alexandra Norkin VP, Marketing 60.0 0 X 318972 0 41190 Elizabeth Porter VP, Product 60.0 0 X 279602 0 45202 Kathleen Pugh VP Educational Services 60.0 0 X 273288 0 61988 Lee Rubenstein VP, Business Development 60.0 0 X 337076 0 59521 Edward Batchelder edX Architect 60.0 0 X 250761 0 59499 Christopher Dodge Senior Software Architect 60.0 0 X 226739 0 1609 Mukul Goyal edX Senior Director, Engineering 60.0 0 X 246815 0 57023 Sherry Heffner Senior Director, Services 60.0 0 X 210613 0 44919 Louis Wang Director, Product 60.0 0 X 207993 0 32057 4584691 0 677474 67 false true false Stephen E Smith 330 Madison Ave Ste 280 New York NY 10017 Sales Agent 133985 Ron Mulero LLC 64 Brook St Brookline MA 02445 Engineering Services 105900 Austin Cooke (Cook Consulting LLC) 8720 Southshore Dr Waxhaw NC 28173 Consulting and Recruiting Services 100780 3 6351691 17474758 23826449 Supported Course Revenue 611710 466667 466667 Hosting & Development Revenue 611710 1551151 1551151 Certificates Revenue 611710 12830370 12830370 Training Revenue 611710 30000 30000 611710 0 0 0 0 14878188 1610892 1610892 0 0 0 0 Other Revenue 2492577 2492577 0 0 0 0 2492577 42808106 18981657 0 0 X 3954147 3282323 671824 15509161 12874098 2635063 4921327 4085175 836152 71098 59018 12080 66538 55233 11305 8722365 7240403 1481962 0 320378 265945 54433 557468 462752 94716 8436336 7002971 1433365 1556658 1292176 264482 635217 527291 107926 70842 58806 12036 484794 402426 82368 83568 69369 14199 MATERIALS & SUPPLIES 3215 2669 546 OTHER EXPENSES 679273 563862 115411 0 0 0 0 46072385 38244517 7827868 0 23852144 25412768 6924272 2475000 6177696 7402377 0 0 677661 1480709 2222629 1064284 1493786 1158345 0 0 0 0 39125559 37929199 6380609 6912507 15681717 17727655 2506821 1996904 24569147 26637066 X 7529640 8760133 7026772 2532000 14556412 11292133 39125559 37929199 -3264279 0 X false true X true X 25836362 17184161 22873789 23826449 89720761 0 0 0 25836362 17184161 22873789 23826449 89720761 2377318 87343443 0 0 0 0 0 0 0 0 89720761 36671211 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2222629 1064284 1158345 1158345 DUE TO AFFILIATE 1996904 1996904 X 42808106 0 0 42808106 0 0 42808106 46072385 0 0 46072385 0 0 46072385 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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 10487 Europe (Including Iceland and Greenland) Program Services MEETINGS 145747 Middle East and North Africa Program Services MEETINGS 9050 North America (Canada & Mexico only) Program Services MEETINGS 1790 South Asia Program Services MEETINGS 53623 Central America and the Caribbean Program Services MEETINGS 1549 East Asia and the Pacific Program Services SUBRECIPIENT AGREEMENTS 190000 Europe (Including Iceland and Greenland) Program Services SUBRECIPIENT AGREEMENTS 92333 North America (Canada & Mexico only) Program Services SUBRECIPIENT AGREEMENTS 66667 0 0 0 0 0 0 571246 0 571246 false false false false false false X X X true false false true false true false false false Anant Agarwal CEO 471180 0 142526 0 34597 0 39750 0 27320 0 715373 0 0 0 Manali Bettendorf Treasurer 150907 0 53961 0 0 0 18573 0 3104 0 226545 0 0 0 Wendy Cebula President & COO 365396 0 108720 0 5668 0 28681 0 3144 0 511609 0 0 0 Tena Herlihy Clerk and General Counsel 222633 0 68525 0 6684 0 34450 0 23295 0 355587 0 0 0 Mark Haseltine VP, Engineering 227794 0 44315 0 0 0 9288 0 25062 0 306459 0 0 0 Johannes Heinlein Vice President of Strategic Partnerships 246895 0 76875 0 6156 0 31768 0 30031 0 391725 0 0 0 Alexandra Norkin VP, Marketing 261495 0 57477 0 0 0 15540 0 25650 0 360162 0 0 0 Elizabeth Porter VP, Product 170001 0 55500 0 54101 0 15982 0 29220 0 324804 0 0 0 Kathleen Pugh VP Educational Services 205194 0 64575 0 3519 0 31768 0 30220 0 335276 0 0 0 Lee Rubenstein VP, Business Development 250201 0 86875 0 0 0 32796 0 26725 0 396597 0 0 0 Edward Batchelder edX Architect 198977 0 51784 0 0 0 31279 0 28220 0 310260 0 0 0 Christopher Dodge Senior Software Architect 197482 0 29257 0 0 0 0 0 1609 0 228348 0 0 0 Mukul Goyal edX Senior Director, Engineering 200763 0 46052 0 0 0 27424 0 29599 0 303838 0 0 0 Sherry Heffner Senior Director, Services 174172 0 36441 0 0 0 17136 0 27783 0 255532 0 0 0 Louis Wang Director, Product 180667 0 27326 0 0 0 20890 0 11167 0 240050 0 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment A severance payment was made to Elizabeth Porter ($54,101) in Calendar Year 2015. 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. Form 990, Part I, Line 1 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. 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: 818545, Program Service Expense: 679471, Management and General Expenses: 139074, Fundraising Expenses: ; Marketing & Business Development - Total Expense: 1810096, Program Service Expense: 1502553, Management and General Expenses: 307543, Fundraising Expenses: ; Engineering - Total Expense: 2659550, Program Service Expense: 2207683, Management and General Expenses: 451867, Fundraising Expenses: ; Educational Support Services - Total Expense: 1243213, Program Service Expense: 1031987, Management and General Expenses: 211226, Fundraising Expenses: ; Architecture & Design - Total Expense: 1457, Program Service Expense: 1209, Management and General Expenses: 248, Fundraising Expenses: ; Hosting - Total Expense: 1245031, Program Service Expense: 1033496, Management and General Expenses: 211535, Fundraising Expenses: ; Temporary Help - Total Expense: 330218, Program Service Expense: 274113, Management and General Expenses: 56105, Fundraising Expenses: ; Other - Total Expense: 614255, Program Service Expense: 509891, Management and General Expenses: 104364, Fundraising Expenses: ;