2015-05-13T13:01:31-05:00 2014-06-30 990 2013-07-01 460807740 EDX INC EDXI 6172532744 141 Portland Street 9th Floor Cambridge MA 02139 MANALI BETTENDORF CONTROLLER 2015-05-13 2013 2016-02-25 16:41:14Z ANANT AGARWAL 141 Portland Street 9th Floor Cambridge MA 02139 21432057 false X WWW.EDX.ORG X 2012 MA SEE SCHEDULE O. 9 8 77 0 0 0 25836362 17184161 0 3411758 0 0 6046 836138 25842408 21432057 0 0 0 0 8585983 15854733 0 0 0 6470014 8847979 15055997 24702712 10786411 -3270655 21915769 34701912 4015215 20072013 17900554 14629899 SEE SCHEDULE O. false false 20544828 0 4247896 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 2.5 MILLION WITH OVER 200 ONLINE COURSES. 20544828 true true 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 false true 3 0 77 true false false false false false false false false false false X 9 8 false false true 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 ALAN GARBER Co-Chair & Director 1.00 0 X X 0 0 0 ANANT AGARWAL CEO 60.00 0 X X 461858 0 104027 CHRIS KAISER Co-Chair & Director 1.00 0 X X 0 0 0 MARTIN SCHMIDT Co-Chair & Director 1.00 0 X X 0 0 0 ALAN SPOON Director 1.00 0 X 0 0 0 ISRAEL RUIZ Director 1.00 0 X 0 0 0 JAMES RYAN Director 1.00 0 X 0 0 0 KATHERINE LAPP 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 JAMES SHEEHAN Treasurer/CFO 60.00 0 X 293249 0 44685 TENA HERLILY VP and General Counsel 60.00 0 X 232289 0 48470 WENDY CEBULA President, COO 60.00 0 X 0 0 0 JOHANNES HEINLEIN VP of Strategic Partnerships 60.00 0 X 177873 0 40630 CALEN PENNINGTON edX Architect 60.00 0 X 158572 0 17723 CHRISTOPHER DODGE Software Architect 60.00 0 X 208997 0 4383 EDWARD BATCHELDER edX Architect 60.00 0 X 255283 0 32514 NANCY MOSS Director of PR and Communications 60.00 0 X 181263 0 60479 ROBERT RUBIN VP for Engineering 60.00 0 X 377477 0 47947 2346861 0 400859 31 false true false AMAZON WEB SERVICES PO BOX 84023 SEATTLE WA 98124 WEB HOSTING 592431 RF BINDER PARTNERS INC 950 THIRD AVE 7TH FL NEW YORK NY 10022 PUBLIC RELATIONS 305144 LEE RUBENSTEIN 60 DRAPER RD WAYLAND MA 01778 BUSINESS DEVELOPMENT 237497 INNOVECS LLC 33-25 HIGH ST FAIRLAWN NJ 07410 ENGINEERING SERVICES 213420 MATTHEW MALLOY 57 OCEAN ST DORCHESTER MA 02124 MARKETING CONSULTING 163541 11 554998 16629163 17184161 SUPPORTED COURSE REVENUE 611710 1500000 1500000 HOSTING & DEVELOPMENT REVENUE 611710 1236598 1236598 CERTIFICATES REVENUE 611710 596672 596672 TRAINING REVENUE 611710 78488 78488 0 0 0 0 0 3411758 0 0 708097 708097 0 0 0 0 0 0 0 0 0 OTHER REVENUE 128041 128041 0 0 0 0 0 0 128041 21432057 4247896 0 0 X 0 0 0 0 926509 770562 155947 0 10996504 9145607 1850897 0 3931720 3269945 661775 0 0 222972 185442 37530 54677 45474 9203 0 0 0 4156587 3456963 699624 0 0 168437 140086 28351 756970 629559 127411 509641 423860 85781 1519997 1264156 255841 579655 482089 97566 0 198130 164781 33349 0 0 171039 142250 28789 55281 45976 9305 MATERIALS & SUPPLIES 6948 5779 1169 OTHER EXPENSES 447645 372299 75346 0 0 0 0 24702712 20544828 4157884 0 0 18164215 17163594 3450362 8834863 1046 6722458 0 0 0 498466 1729976 247445 300146 1482531 0 0 0 21915769 34701912 1601150 5491218 1165000 13038356 0 0 1249065 1542439 4015215 20072013 X 14414192 5716536 3486362 8913363 17900554 14629899 21915769 34701912 -3270655 0 X false true X true X 25836362 17184161 43020523 6046 3539799 3545845 0 0 0 0 0 0 25842408 20723960 46566368 0 0 0 2350000 6521733 8871733 0 0 0 0 0 0 0 0 0 2350000 6521733 8871733 37694635 708097 708097 0 0 0 0 0 708097 708097 0 0 0 0 0 25842408 21432057 47274465 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1729976 247445 1482531 0 1482531 0 DUE TO AFFILIATE 1542439 1542439 X 21432057 0 0 21432057 0 0 21432057 24702712 0 0 24702712 0 0 24702712 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. CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES MEETINGS 808 EAST ASIA AND THE PACIFIC PROGRAM SERVICES MEETINGS 115385 EUROPE (INCLUDING ICELAND AND GREENLAND) PROGRAM SERVICES MEETINGS 91929 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES MEETINGS 29572 NORTH AMERICA (CANADA & MEXICO ONLY) PROGRAM SERVICES MEETINGS 2217 SOUTH ASIA PROGRAM SERVICES MEETINGS 1083 240994 false false false false false false X X X false false false true false true false false false ANANT AGARWAL CEO 446571 0 0 0 15287 0 33150 0 70877 0 565885 0 0 0 TENA HERLILY VP AND GENERAL COUNSEL 202289 0 30000 0 0 0 26675 0 21795 0 280759 0 0 0 JAMES SHEEHAN TREASURER/CFO 240124 0 53125 0 0 0 14665 0 30020 0 337935 0 0 0 JOHANNES HEINLEIN VP OF STRATEGIC PARTNERSHIPS 170060 0 7813 0 0 0 20415 0 20215 0 218504 0 0 0 EDWARD BATCHELDER EDX ARCHITECT 231922 0 23361 0 0 0 9253 0 23261 0 287797 0 0 0 CHRISTOPHER DODGE SOFTWARE ARCHITECT 187182 0 21815 0 0 0 1775 0 2608 0 213380 0 0 0 NANCY MOSS DIRECTOR OF PR AND COMMUNICATIONS 173563 0 7700 0 0 0 36239 0 24240 0 241742 0 0 0 CALEN PENNINGTON EDX ARCHITECT 145572 0 13000 0 0 0 13887 0 3836 0 176295 0 0 0 ROBERT RUBIN VP FOR ENGINEERING 291477 0 86000 0 0 0 17636 0 30311 0 425424 0 0 0 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, 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, Sec A, Line 4, Significant changes to organizational documents THIS FISCAL YEAR, EDX WAS PROVIDED WITH A 509(A)2 TAX EXEMPT STATUS BY THE IRS AS A PUBLIC CHARITY AND UPDATED THE ARTICLES OF ORGANIZATION TO REFLECT THIS CHANGE. Form 990, Part VI, Sec A, 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, Sec A, 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, Sec A, 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 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, Sec B, 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, Sec B, Line 12c, Conflict of interest policy ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUESTED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ON AN ANNUAL BASIS. Form 990, Part VI, Sec B, 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, Sec B, 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, Sec C, 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), 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 Expenses RECRUITING - TOTAL EXPENSE: 630550, PROGRAM SERVICE EXPENSE: 524418, MANAGEMENT AND GENERAL EXPENSES: 106132, FUNDRAISING EXPENSES: ; MARKETING & BUSINESS DEVELOPMENT - TOTAL EXPENSE: 924865, PROGRAM SERVICE EXPENSE: 769195, MANAGEMENT AND GENERAL EXPENSES: 155670, FUNDRAISING EXPENSES: ; ENGINEERING - TOTAL EXPENSE: 1147561, PROGRAM SERVICE EXPENSE: 954407, MANAGEMENT AND GENERAL EXPENSES: 193154, FUNDRAISING EXPENSES: ; EDUCATIONAL SUPPORT SERVICES - TOTAL EXPENSE: 232632, PROGRAM SERVICE EXPENSE: 193476, MANAGEMENT AND GENERAL EXPENSES: 39156, FUNDRAISING EXPENSES: ; ARCHITECTURE & DESIGN - TOTAL EXPENSE: 3156, PROGRAM SERVICE EXPENSE: 2625, MANAGEMENT AND GENERAL EXPENSES: 531, FUNDRAISING EXPENSES: ; HOSTING - TOTAL EXPENSE: 509002, PROGRAM SERVICE EXPENSE: 423328, MANAGEMENT AND GENERAL EXPENSES: 85674, FUNDRAISING EXPENSES: ; TEMPORARY HELP - TOTAL EXPENSE: 333577, PROGRAM SERVICE EXPENSE: 277430, MANAGEMENT AND GENERAL EXPENSES: 56147, FUNDRAISING EXPENSES: ; OTHER - TOTAL EXPENSE: 375244, PROGRAM SERVICE EXPENSE: 312084, MANAGEMENT AND GENERAL EXPENSES: 63160, FUNDRAISING EXPENSES: ;