2022-08-31T17:57:38-05:00 2021-12-31 941254756 HOOD & STRONG LLP 275 BATTERY STREET STE 900 SAN FRANCISCO CA 94111 990 2021-01-01 261544963 KHAN ACADEMY INC KHAN 6503365426 PO BOX 1630 MOUNTAIN VIEW CA 94042 SALMAN KHAN CEO 6503365426 2022-08-16 1 SALMAN KHAN 999009999 MAGA E KISRIEV P01008919 4157810793 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z SALMAN KHAN PO BOX 1630 MOUNTAIN VIEW CA 94042 59263743 0 X WWW.KHANACADEMY.ORG X 2007 CA A FREE WORLD-CLASS EDUCATION FOR ANYONE, ANYWHERE. 8 7 229 1400 0 0 65711147 48693146 12611627 9355361 902990 1221511 115115 -6275 79340879 59263743 0 0 0 0 41739807 39378903 41870 0 2904553 14994524 14500112 56776201 53879015 22564678 5384728 114461198 115035528 13813370 9272154 100647828 105763374 X A FREE WORLD-CLASS EDUCATION FOR ANYONE, ANYWHERE. 0 0 31782164 0 7492987 PLATFORM DEVELOPMENT: OUR PLATFORM DEVELOPMENT TEAM FOCUSES ON BUILDING THE WEB AND MOBILE SOFTWARE THAT ALLOWS US TO OFFER STUDENTS A WORLD-CLASS PERSONALIZED LEARNING EXPERIENCE ACROSS MULTIPLE SUBJECT AREAS. BY STRENGTHENING THE PLATFORM, WE ARE ABLE TO PROVIDE STUDENTS WITH A LEARNING EXPERIENCE THAT RIVALS THAT OF A PERSONALIZED, ALWAYS-AVAILABLE TUTOR. IN 2021, AN AVERAGE OF 13.7 MILLION LEARNERS WERE ACTIVE ON KA EACH MONTH IN 100 COUNTRIES AND TRANSLATED INTO MORE THAN 50 LANGUAGES. APPROXIMATELY 40% OF OUR LEARNERS WERE LOCATED OUTSIDE THE U.S. TO SUPPORT LEARNING DURING COVID-19-RELATED SCHOOL CLOSURES, KHAN ACADEMY FOCUSED ON CREATING RESOURCES TO KEEP STUDENTS LEARNING, INCLUDING DAILY SCHEDULES, MICROSITES FOR PARENTS, WEBINARS FOR TEACHERS, AND SAL'S DAILY HOMEROOM. PRODUCT LAUNCHES IN 2021 INCLUDED KHAN KIDS VERSION 4.0 AND SCHOOL DISTRICT DASHBOARDS. WE CONTINUE TO MAKE IMPROVEMENTS TO OUR MASTERY LEARNING FEATURES AND EXPANDED CONTENT LIBRARY WITH THE ADDITION OF MORE SUBJECTS, UNIT TESTS, AND QUIZZES. 7948356 0 1738333 CONTENT CREATION AND CURATION: THE KHAN ACADEMY PLATFORM INCLUDES AN EXTENSIVE AND GROWING LIBRARY OF EDUCATIONAL RESOURCES. AT THE END OF 2021, IT CONTAINED APPROXIMATELY 600 COURSES, 14,300 VIDEOS, 93,200 PRACTICE PROBLEMS, AND 5,900 ARTICLES. 13.7 MILLION ACTIVE LEARNERS ACCESSED THIS CONTENT.IN 2021, WE CONTINUED TO DEEPEN AND BROADEN OUR COURSE OFFERINGS IN MATH AND SCIENCE, AND FORGED PARTNERSHIPS TO HELP US CREATE MORE WORLD-CLASS CONTENT (E.G. HOWARD UNIVERSITY, ADOBE, GOOGLE). KHAN ACADEMY'S GOAL IS TO BE THE WORLD'S BEST LEARNING RESOURCE, PROVIDING FREE, RIGOROUS AND, ENGAGING STANDARDS-ALIGNED INSTRUCTIONAL AND PRACTICE CONTENT TO TEACHERS AND LEARNERS IN THE K-12 CLASSROOM ESPECIALLY, BUT ALSO TO ANY INDEPENDENT LEARNER, ANYWHERE. 7388751 0 127841 AWARENESS AND ADOPTION: WE WILL CONTINUE DEVELOPING PARTNERSHIPS WITH INSTITUTIONS AROUND THE WORLD TO INCREASE AWARENESS ABOUT KHAN ACADEMY AND GROW OUR IMPACT. EXAMPLE PARTNERSHIPS INCLUDE SCHOOL DISTRICTS IN THE US AND IN OTHER MARKETS, INCLUDING INDIA, BRAZIL AND PERU; TEST MAKERS AND CREDENTIALING BODIES LIKE THE LAW SCHOOL ADMISSION COUNCIL, ASSOCIATION OF AMERICAN MEDICAL COLLEGES AND ETS; CORPORATIONS LIKE GOOGLE; AND FOUNDATIONS LIKE THE BILL AND MELINDA GATES FOUNDATION AND THE LEMANN FOUNDATION. BY THE END OF 2021, WE HAD MORE THAN 133 MILLION REGISTERED STUDENTS, TEACHERS, AND PARENTS. 47119271 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 1 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 29 0 1 229 1 0 1 IN 0 0 0 1 1 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA CT FL GA HI IL KS KY MA MD MI MN MS NC NH NJ NM NY OK OR PA RI SC TN UT VA WI WV X X TINA SACHS 6503365426 PO BOX 1630 MOUNTAIN VIEW CA 94042 SALMAN KHAN CHIEF EXECUTIVE OFFICER 40.00 2.00 X X 855189 0 26729 ANN DOERR CHAIRMAN 10.00 0.00 X X 0 0 0 LARRY COHEN DIRECTOR 2.00 0.00 X 0 0 0 SEAN O'SULLIVAN DIRECTOR 2.00 0.00 X 0 0 0 TED MITCHELL DIRECTOR 2.00 0.00 X 0 0 0 JAMES MANYIKA DIRECTOR 2.00 0.00 X 0 0 0 CURTIS FEENEY DIRECTOR 2.00 0.00 X 0 0 0 LAURA OVERDECK DIRECTOR 2.00 0.00 X 0 0 0 GINNY LEE COO (THRU 6/2/2021) 40.00 2.00 X 429611 0 25499 MICHAEL JOHNSON CFO (THRU 5/14/2021) 40.00 2.00 X 205221 0 20313 JULIA COWLES GENERAL COUNSEL AND SECRET 40.00 1.00 X 333440 0 30819 TINA SACHS TREASURER 40.00 2.00 X 169006 0 24920 MARTA KOSARCHYN VP OF ENGINEERING 40.00 1.00 X 409780 0 29499 CATHERINE WANG VP MARKETING & STRAT. PARTNERSHIP 40.00 1.00 X 368001 0 21749 VICKI ZUBOVIC VP OF PHILANTHROPY 40.00 0.00 X 380986 0 21841 KRISTEN DICERBO CHIEF LEARNING OFFICER 40.00 1.00 X 245949 0 19522 MICHAEL FLEXER VP DESIGN 40.00 0.00 X 324294 0 21353 CAROLINE FLEXER CTO. CHIEF ARCHITECT 40.00 0.00 X 338451 0 27949 JOHN RESIG DIRECTOR ENGINEERING 40.00 0.00 X 306275 0 30587 PAUL MORGAN DIRECTOR ENGINEERING 40.00 0.00 X 285100 0 27689 MICHAEL CHANOVER VP DESIGN 40.00 0.00 X 363294 0 12142 5014597 0 340611 34 0 1 0 TARGET CW 9475 CHESAPEAKE DR SAN DIEGO CA 92123 CONSULTING SERVICES 1074651 VELOCITY GLOBAL 19080 LOMITA AVE SONOMA CA 95476 CONSULTING SERVICES 989044 QBS LEARNING 242 WEST 30TH STREET SUITE 1100 NEW YORK NY 10001 CONTENT CREATION 509675 PARTNER HERO INC 570 EL CAMINO REAL 150-407 REDWOOD CITY CA 94063 COMMUNITY SUPPORT CONSULTANTS 411613 COASTAL CLOUD 1 HAMMOCK BEACH PKWY MOUNTAIN VIEW CA 94041 SOFTWARE IMPLEMENTATION SERVICES 336521 10 4931356 43761790 4698230 48693146 DEVELOPMENT FEES 541900 4350488 4350488 MAINTENANCE FEES 541900 3592500 3592500 CONTENT LICENSING FEES 519130 1288333 1288333 SPEAKING FEES 541900 124040 124040 9355361 1221511 1221511 6940 6940 MISCELLANEOUS 900099 3800 3800 LOSS ON FOREIGN CURRENCY 523000 -17015 -17015 -13215 59263743 9359161 0 1211436 3750144 2329820 816942 603382 29332523 26863836 1599437 869250 1110820 959702 112265 38853 3173135 2812599 221991 138545 2012281 1784408 149152 78721 50503 40990 9513 91986 91986 5048686 4052104 247217 749365 771777 717806 43616 10355 790509 334954 164330 291225 6279822 5943869 265445 70508 1168820 1060470 71381 36969 22026 10847 5340 5839 3669 1864 1805 64218 56896 4824 2498 145645 129041 10939 5665 EMPLOYEE & TEACHER GIFT 28047 19890 4779 3378 BAD DEBT EXPENSES 17200 17200 FIXED ASSET WRITE OFF 17012 17012 192 175 17 53879015 47119271 3855191 2904553 8503484 2732625 33168610 10221379 6747458 3730779 3377765 3380050 445597 529965 1575412 1525095 131545 50317 61889966 94203070 196773 187343 114461198 115035528 7810005 6396788 1072000 2875366 4931365 0 13813370 9272154 X 82105528 84704897 18542300 21058477 100647828 105763374 114461198 115035528 X 5384728 -269162 -20 X 0 1 X 1 0 X 42784250 31433356 27629684 65711147 48693146 216251583 42784250 31433356 27629684 65711147 48693146 216251583 47143266 169108317 602486 969670 1317507 910666 1228451 5028780 369 32 -5002 -22722 -17015 -44338 221236025 59126135 0.76440 0.73200 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GAIN/LOSS ON FOREIGN CURRENCY - 2017 AMOUNT: $ 369. 2018 AMOUNT: $ 32. 2019 AMOUNT: $ -5,002. 2020 AMOUNT: $ -22,722. 2021 AMOUNT: $ -17,015. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17572279 3933117 1286902 61771 22730527 0 17563101 9560 382 17572279 0.76270 0.21980 0.01750 0 0 917297 891731 25566 658115 633364 24751 50317 X 62673989 -269164 3696422 -17012 3410246 59263743 0 59263743 57558425 3696422 3696422 53862003 17012 17012 53879015 PART V, LINE 4: THE BOARD DESGINATED ENDOWMENT FUND IS SUBJECT TO THE ACADEMY'S ENDOWMENT SPENDING POLICY. THE BOARD OF DIRECTORS MAY AT ITS DISCRETION USE THE FUNDS FOR ANY ACADEMY PURPOSES INCLUDING BUT NOT LIMITED TO OPERATIONS AND FUTURE PROGRAMS. PART X, LINE 2: KHAN ACADEMY, INC. IS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE SERVICE CODE SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. DDM IS EXEMPT FROM FEDERAL TAX AS A SINGLE MEMBER LIMITED LIABILITY COMPANY UNDER THE ACADEMY. KAI IS REGISTERED UNDER SECTION 12AA OF THE INCOME TAX ACT, 1961 IN INDIA VIDE COMMISSIONER OF INCOME TAX'S COMMUNICATION REFERENCE LETTER NUMBER CIT(E)/2017-18/DEL-KR 26575-16102017/824, DATED OCTOBER 16, 2017 ("APPROVAL LETTER") AND ACCORDINGLY, IS EXEMPT FROM PAYING INCOME TAXES ON EXCESS OF REVENUE OVER EXPENSES SUBJECT TO COMPLIANCE WITH THE CONDITIONS AS STIPULATED IN AFORESAID APPROVAL LETTER. KAI IS ALSO REGISTERED UNDER SECTION 8G OF THE INCOME TAX ACT AND THE REGISTRATION IS VALID UNTIL IT IS RESCINDED. KAB WAS INCORPORATED ACCORDING TO THE CIVIL REGISTRY OF LEGAL ENTITIES (RCPJ) ARTICLE. 44 OF THE LAW 10.406/02, AS A NON-PROFIT COMPANY UNDER SECTION 150 OF THE BRAZILIAN FEDERAL CONSTITUTION. AS OF DECEMBER 31, 2021, AND 2020, MANAGEMENT EVALUATED THE ACADEMY'S TAX POSITIONS AND CONCLUDED THAT THE ACADEMY HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FIXED ASSET WRITE OFF -17,012. PART XII, LINE 4B - OTHER ADJUSTMENTS: FIXED ASSET WRITE OFF 17,012. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM INDEPENDENT CONTRACTOR - TRANSLATION, SECURITY SOFTWARE. 3425 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 14 PROGRAM CONTENT CREATION, MARKETING AND EMPLOYEE SALARIES, BENEFITS, TAXES & CONTRACTORS. 2164842 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 2 0 PROGRAM INDEPENDENT CONTRACTOR - CONTENT CREATION, MARKETING AND RENT. 691469 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 19 PROGRAM EMPLOYEE SALARIES, BENEFITS, TAXES AND G&A AND CONTRACTORS. 1529331 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM CONTENT LOCALIZATION. 2214 3 33 0 0 3 33 4391281 0 4391281 0 0 1 0 0 0 PART III ACCOUNTING METHOD: X X 1 VAN DILLEN PARTNERS 334 W BELLEVUE AVENUE SAN MATEO CA 94402 CORPORATE ENGAGEMENT 0 0 240000 -240000 THEOREM INC 26 MAIN STREET SUITE 302 CHATHAM NJ 07928 EMAIL CAMPAIGN SUPPORT 0 0 15738 -15738 255738 -255738 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI AZ DE ID IN IA MT NE SD TX VT WY X X X X 0 0 0 0 0 0 0 0 0 SALMAN KHAN CHIEF EXECUTIVE OFFICER 537189 0 318000 0 0 0 0 0 26729 0 881918 0 0 0 GINNY LEE COO (THRU 6/2/2021) 198086 0 231525 0 0 0 11600 0 13899 0 455110 0 0 0 MARTA KOSARCHYN VP OF ENGINEERING 303205 0 106575 0 0 0 11600 0 17899 0 439279 0 0 0 VICKI ZUBOVIC VP OF PHILANTHROPY 279923 0 101063 0 0 0 11600 0 10241 0 402827 0 0 0 CATHERINE WANG VP MARKETING & STRAT. PARTNERSHIP 275251 0 92750 0 0 0 11600 0 10149 0 389750 0 0 0 MICHAEL CHANOVER VP DESIGN 270544 0 92750 0 0 0 11600 0 542 0 375436 0 0 0 CAROLINE FLEXER CTO. CHIEF ARCHITECT 250251 0 88200 0 0 0 11600 0 16349 0 366400 0 0 0 JULIA COWLES GENERAL COUNSEL AND SECRET 250772 0 82668 0 0 0 11600 0 19219 0 364259 0 0 0 MICHAEL FLEXER VP DESIGN 255544 0 68750 0 0 0 11600 0 9753 0 345647 0 0 0 JOHN RESIG DIRECTOR ENGINEERING 245900 0 60375 0 0 0 11600 0 18987 0 336862 0 0 0 PAUL MORGAN DIRECTOR ENGINEERING 226037 0 59063 0 0 0 11363 0 16326 0 312789 0 0 0 KRISTEN DICERBO CHIEF LEARNING OFFICER 212552 0 33397 0 0 0 9824 0 9698 0 265471 0 0 0 MICHAEL JOHNSON CFO (THRU 5/14/2021) 108971 0 96250 0 0 0 8203 0 12110 0 225534 0 0 0 TINA SACHS TREASURER 138066 0 30940 0 0 0 11600 0 13320 0 193926 0 0 0 X 32 4698230 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART I, LINE 6: WE HAVE MANY TRANSLATORS AROUND THE WORLD WHO TRANSLATE OUR WEBSITE FOR FREE. WE DO NOT TRACK THE HOURS THAT THEY SPEND. OBTAINED ESTIMATE FROM A MEMBER OF INTERNATIONAL TEAM. WE ALSO HAVE A HANDFUL OF PEOPLE WHO PROVIDE VOLUNTEER SUPPORT. AND FINALLY WE HAVE OUR BOARD MEMBERS AND GLOBAL ADVISORY BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE TAXPAYER'S ACCOUNTING FIRM FORWARDED THE FORM 990 TO THE DIRECTOR OF FINANCE & ACCOUNTING / TREASURER FOR REVIEW. THE TREASURER FORWARDED THE FORM 990 TO THE FULL BOARD FOR THEIR REVIEW PRIOR TO FILING THE FORM 990. BOARD MEMBERS WERE ENCOURAGED TO REVIEW THE FORM 990 AND TO FORWARD THEIR QUESTIONS AND/OR COMMENTS TO THE TREASURER. EITHER THE TREASURER OR THE ACCOUNTING FIRM ADDRESSED THE QUESTIONS FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE GENERAL COUNSEL ANNUALLY DISTRIBUTES CONFLICT DISCLOSURE FORMS AND A COPY OF THE CONFLICT OF INTEREST POLICY, WHICH ARE COLLECTED AND REVIEWED FOR ANY DISCLOSED CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR CEO IS EVALUATED BY THE COMPENSATION COMMITTEE COMPRISED OF KHAN ACADEMY BOARD MEMBERS. IT INCLUDED AN EVALUATION PROCESS, COMPARABILITY DATA, BOTH INTERNAL AND EXTERNAL AND APPROVAL BY THE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). FORM 990, PART XI, LINE 9: CURRENCY TRANSLATION ADJUSTMENT -20. DUCK DUCK MOOSE LLC PO BOX 1630 MOUNTAIN VIEW CA 94042 611799353 ON-LINE EARLY LEARNING CA 0 0 KHAN ACADEMY INC KHAN ACADEMY INDIA AWFIS 1ST FLOOR L-29 OUTER CIRCL NEW DELHI DELHI IN 110001 EDUCATION IN 501(C)(3) KHAN ACADEMY INC 1 KHAN ACADEMY BRASIL RUA DOS PINHEIROS 870 - 25TH FLOOR SO PAULO PINHEIROS BR 05422-001 EDUCATION BR 501(C)(3) KHAN ACADEMY INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0