2016-05-06T10:01:02-05:00 2015-06-30 990 2014-07-01 460807740 edX Inc EDXI 6172532744 141 Portland Street 9th Floor Cambridge MA 02139 Manali Bettendorf Treasurer 2016-05-04 2014 2016-08-17 19:52:53Z Anant Agarwal 141 Portland Street 9th Floor Cambridge MA 02139 36309401 false X www.edx.org X 2012 MA SEE SCHEDULE O. 9 8 125 0 0 0 17184161 22873789 3411758 9958262 0 0 836138 3477350 21432057 36309401 0 1200 0 0 15854733 21766435 0 0 0 8847979 14615253 24702712 36382888 -3270655 -73487 34701912 39125559 20072013 24569147 14629899 14556412 SEE SCHEDULE O. false false 30697796 9985262 EDX'S LARGEST PROGRAM SERVICE ACTIVITY IS TO DEVELOP A LEARNING PLATFORM AS OPEN SOURCE SOFTWARE AND CREATE COURSES TO PROVIDE HIGH QUALITY ONLINE EDUCATIONAL EXPERIENCES WORLDWIDE. TOTAL ENROLLMENTS WERE APPROXIMATELY 15 MILLION WITH OVER 500 ONLINE COURSES. 30697796 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 23 0 true 125 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 Manali Bettendorf 6173244049 141 Portland Street 9th Floor Cambridge MA 02139 Martin Schmidt Co-Chair & Director 1.00 0 X X 0 0 0 Anant Agarwal CEO 60.00 0 X X 617571 0 109820 Alan Garber Co-Chair & Director 1.00 0 X X 0 0 0 Israel Ruiz Director 1.00 0 X 0 0 0 Katherine Lapp Director 1.00 0 X 0 0 0 James Ryan Director 1.00 0 X 0 0 0 Michael Smith Director 1.00 0 X 0 0 0 Sanjay Sarma Director 1.00 0 X 0 0 0 Alan Spoon Director 1.00 0 X 0 0 0 Wendy Cebula President & COO 60.00 0 X 315622 0 16043 James Sheehan Treasurer/CFO 60.00 0 X 351030 0 63048 Tena Herlihy Clerk and General Counsel 60.00 0 X 320106 0 46789 Manali Bettendorf Treasurer 60.00 0 X 171280 0 41743 Johannes Heinlein Vice President of Strategic Partnerships 60.00 0 X 309593 0 58669 Kathleen Pugh Vice President of Education Services 60.00 0 X 283257 0 55889 Lee Rubenstein VP, Business Development 60.00 0 X 358106 0 32838 Matthew Malloy VP, Marketing 60.00 0 X 302910 0 18856 Edward Batchelder edX Architect 60.00 0 X 260387 0 52019 Nancy Moss Director of PR and Communications 60.00 0 X 234071 0 50854 Robert Victor Rubin VP for Engineering 60.00 0 X 508775 0 50023 Mukul Goyal edX Senior Director, Engineering 60.00 0 X 238090 0 53850 4270798 0 650441 66 false true false Stephen E Smith 330 Madison Ave Ste 280 New York NY 10017 Sales Agent 269750 1 4010218 18863571 22873789 Supported Course Revenue 611710 1199999 1199999 Hosting & Development Revenue 611710 3579188 3579188 Certificates Revenue 611710 5166575 5166575 Training Revenue 611710 12500 12500 0 0 0 0 9958262 1610000 1610000 0 0 0 0 Other Revenue 1867350 1867350 0 0 0 0 1867350 36309401 13435612 0 0 X 1200 1200 3093784 2610342 483442 13816051 11657120 2158931 4856600 4097696 758904 316533 267071 49462 114800 96861 17939 5720822 4826872 893950 0 316278 266856 49422 638453 538687 99766 4019119 3391081 628038 1556658 1313411 243247 689201 581505 107696 193375 163158 30217 388869 328103 60766 79774 67308 12466 MATERIALS & SUPPLIES 2497 2107 390 OTHER EXPENSES 578874 488418 90456 0 0 0 0 36382888 30697796 5685092 0 17163594 23852144 8834863 6924272 6722458 6177696 0 0 0 498466 677661 2124075 630289 1482531 1493786 0 0 0 0 34701912 39125559 5491218 6380609 13038356 15681717 0 1542439 2506821 20072013 24569147 X 5716536 7529640 8913363 7026772 14629899 14556412 34701912 39125559 -73487 0 X false true X true X 25836362 17184161 22873789 65894312 0 0 25836362 17184161 22873789 65894312 2853847 63040465 0 0 0 0 0 0 65894312 17689554 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2124075 630289 1493786 1493786 DUE TO AFFILIATE 2506821 2506821 X 36309401 0 0 36309401 0 0 36309401 36382888 0 0 36382888 0 0 36382888 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 140538 Europe (Including Iceland and Greenland) Program Services MEETINGS 145163 Middle East and North Africa Program Services MEETINGS 62028 North America (Canada & Mexico only) Program Services MEETINGS 37722 South Asia Program Services MEETINGS 1381 Russia and Neighboring States Program Services MEETINGS 624 Europe (Including Iceland and Greenland) Program Services SUBRECIPIENT AGREEMENTS 36667 0 0 0 0 0 0 424123 0 424123 false false false false false false X X X true false false true false true false false false Anant Agarwal CEO 460725 0 136671 0 20175 0 39000 0 70820 0 727391 0 0 0 Wendy Cebula President & COO 277879 0 37743 0 0 0 13000 0 3043 0 331665 0 0 0 James Sheehan Treasurer/CFO 245574 0 100378 0 5078 0 32586 0 30462 0 414078 0 0 0 Tena Herlihy Clerk and General Counsel 221646 0 98460 0 0 0 28600 0 18189 0 366895 0 0 0 Manali Bettendorf Treasurer 134252 0 37028 0 0 0 16206 0 25537 0 213023 0 0 0 Johannes Heinlein Vice President of Strategic Partnerships 241162 0 68431 0 0 0 29175 0 29494 0 368262 0 0 0 Kathleen Pugh Vice President of Education Services 200694 0 82563 0 0 0 26427 0 29462 0 339146 0 0 0 Lee Rubenstein VP, Business Development 313346 0 44760 0 0 0 12408 0 20430 0 390944 0 0 0 Matthew Malloy VP, Marketing 138378 0 93009 0 71523 0 11964 0 6892 0 321766 0 0 0 Edward Batchelder edX Architect 194178 0 26483 0 39726 0 24057 0 27962 0 312406 0 0 0 Nancy Moss Director of PR and Communications 206247 0 27824 0 0 0 27030 0 23824 0 284925 0 0 0 Robert Victor Rubin VP for Engineering 185191 0 121328 0 202256 0 33477 0 16546 0 558798 0 0 0 Mukul Goyal edX Senior Director, Engineering 180290 0 57800 0 0 0 21479 0 32371 0 291940 0 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment Severance payments were made to Robert Victor Rubin ($160,318) and Matthew Malloy ($65,244) in Calendar Year 2014. Schedule J, Part I, Line 5a Compensation contigent 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 contigent 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: 450175, Program Service Expense: 379830, Management and General Expenses: 70345, Fundraising Expenses: ; Marketing & Business Development - Total Expense: 1018251, Program Service Expense: 859136, Management and General Expenses: 159115, Fundraising Expenses: ; Engineering - Total Expense: 2293022, Program Service Expense: 1934709, Management and General Expenses: 358313, Fundraising Expenses: ; Educational Support Services - Total Expense: 936118, Program Service Expense: 789838, Management and General Expenses: 146280, Fundraising Expenses: ; Architecture & Design - Total Expense: 2162, Program Service Expense: 1824, Management and General Expenses: 338, Fundraising Expenses: ; Hosting - Total Expense: 598724, Program Service Expense: 505166, Management and General Expenses: 93558, Fundraising Expenses: ; Temporary Help - Total Expense: 284962, Program Service Expense: 240433, Management and General Expenses: 44529, Fundraising Expenses: ; Other - Total Expense: 137408, Program Service Expense: 115936, Management and General Expenses: 21472, Fundraising Expenses: ;