2021-05-14T07:01:27-05:00 2020-06-30 990 2019-07-01 460807740 edX Inc EDXI 6172532744 141 Portland Street 9th Floor Cambridge MA 02139 Peter Brau Treasurer 2021-05-14 2019 2022-09-23 18:48:47Z Anant Agarwal 141 Portland Street 9th Floor Cambridge MA 02139 85093783 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 1 247 0 0 0 26946496 11438680 47401776 71803832 483763 358959 1188118 1091242 76020153 84692713 0 5000 0 0 32016924 39645820 0 0 715749 42420190 62193582 74437114 101844402 1583039 -17151689 43668830 48485627 40481976 62450462 3186854 -13964835 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 94597386 5000 72895074 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 75 MILLION WITH OVER 3,906 ONLINE COURSES. 94597386 true true false false false false false false false true false false false true true true false false true 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 38 0 true 247 true false false 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 true true true true false MA X Peter Brau 6173247059 141 Portland Street 9th Floor Cambridge MA 02139 Alan Garber Co-Chair 2.0 0 X X 0 761360 194399 Anant Agarwal CEO 60.0 0 X X 698809 0 158721 Martin Schmidt Co-Chair 2.0 60.0 X X 0 755469 76469 Alan Spoon Director 1.0 0 X 0 0 0 Bharat Anand Director 1.0 0 X 0 518768 40138 Israel Ruiz Director 1.0 60.0 X 0 868577 58016 Jeff Bussgang Director 1.0 0 X 0 61437 141 Katherine Lapp Director 1.0 0 X 0 766951 45061 Sanjay Sarma Director 1.0 60.0 X 0 511055 68172 Adam Medros President 60.0 0 X 525575 0 66075 Nell Ma'luf Clerk 60.0 0 X 313560 0 42944 Peter Brau Treasurer 60.0 0 X 237201 0 48286 Johannes Heinlein Chief Commercial Officer and SVP, Strategic Partnerships 60.0 0 X 420298 0 62113 Kathleen Pugh VP, Content & Partner Success 60.0 0 X 293154 0 66948 Lauren Holliday VP, Product 60.0 0 X 283367 0 57383 Michael Hebert Senior Director of People and Culture 40.0 0 X 240866 0 56644 Nina Huntemann VP, Learning 40.0 0 X 194467 0 24467 Edward Batchelder Software Architect 60.0 0 X 274569 0 64298 Jack Drew II Director, Sales 60.0 0 X 278773 0 50586 Lee Rubenstein VP, Business Development 60.0 0 X 355017 0 63991 Scott Dunn Director, Software Engineering 60.0 0 X 260160 0 29854 Trevor Bass Data Scientist and Architect 60.0 0 X 270286 0 44781 Mark Haseltine Former Chief Product Officer 40.0 0 X 142125 0 24141 4788228 4243617 1343629 123 true true false ARBISOFT LLC 2035 CENTRAL CIRCLE 201 MCKINNEY TX 75069 TECHNOLOGY SERVICES 1589825 TRUE SYNTHESIS LLC 56 N HADDON AVENUE 1ST FLOOR HADDONFIELD NJ 08033 TALENT ADVISORY SERVICES 308873 PSI SERVICES LLC 18000 W 105TH STREET OLATHE KS 66061 CAREER DEVELOPMENT SERVICES 301582 PRICEWATERHOUSECOOPERS LLP PO BOX 7247-8001 PHILADELPHIA PA 19170 ACCOUNTING SERVICES 277500 EMPIRICAL PATH LLC 512 TULANE DRIVE ALBUQUERQUE NM 87106 CONSULTING SERVICES 121342 5 6676979 4761701 11438680 CERTIFICATES REVENUE 611710 67826923 67826923 TUITION REVENUE 611710 3040729 3040729 HOSTING & DEVELOPMENT REVENUE 611710 871780 871780 SUPPORTED COURSE REVENUE 611710 64400 64400 0 0 0 0 71803832 358959 358959 401070 401070 0 0 0 0 0 0 SERVICES REVENUE 611710 850388 850388 REFERRAL REVENUE 611710 184201 184201 TRAINING REVENUE 611710 2250 2250 54403 54403 0 0 1091242 84692713 72895074 0 358959 X 5000 5000 0 0 3912742 3178544 373473 360725 26936952 23921570 2810744 204638 2607559 2282798 268225 56536 3632821 3188952 374696 69173 2555746 2264942 266127 24677 317040 283705 33335 150002 134230 15772 13369752 11964002 1405750 0 1096066 980821 115245 2374815 2125117 249698 153258 137144 16114 38579123 38579123 3015161 2698135 317026 381032 340969 40063 490353 438795 51558 128665 115137 13528 460150 411768 48382 129533 115913 13620 ADMIN FEES - MIT 685507 613430 72077 VERIFICATION FEES 338275 302707 35568 COURSE MATERIALS 293268 293268 PROCTORING FEES 133941 133941 97641 87375 10266 0 101844402 94597386 6531267 715749 29746794 30855949 8710695 9614107 0 0 0 0 4458061 7210345 3543902 2738676 753280 805226 0 0 0 0 43668830 48485627 11493666 20291895 26218629 33071582 0 0 2769681 9086985 40481976 62450462 X 3186854 -14311966 0 347131 3186854 -13964835 43668830 48485627 -17151689 0 X false true X true false 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 23826449 25749405 19770580 26946496 11438680 107731610 0 0 23826449 25749405 19770580 26946496 11438680 107731610 914905 106816705 0 0 0 879613 760029 1639642 0 0 0 0 0 0 0 0 0 0 0 0 109371252 208934017 0.9766 0.9927 X 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 3543902 2738676 805226 805226 LINE OF CREDIT FROM AFFILIATES 5128665 DUE TO AFFILIATE 3958320 9086985 X 84734824 401070 401070 84333754 358959 358959 84692713 102116807 401070 401070 101715737 128665 128665 101844402 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 AUTHORITATIVE GUIDANCE AND ACCOUNTING FOR AND DISCLOSURE OF UNCERTAINTY IN TAX POSITIONS, AND NO ESTIMATES FOR UNCERTAINTY HAVE BEEN RECORDED TO DATE. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 GROSS RENTAL INCOME NETTED WITH RENTAL EXPENSES - 401070 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements INTEREST INCOME INCLUDED IN NON-OPERATING AMOUNT OF "OTHER" - 358959 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RENTAL EXPENSES NETTED WITH GROSS RENTAL INCOME - 401070 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements INTEREST EXPENSES INCLUDED IN NON-OPERATING AMOUNT OF "OTHER" - 128665 East Asia and the Pacific Program Services MEETINGS AND SERVICES 22287 Europe (Including Iceland and Greenland) 7 Program Services MEETINGS AND SERVICES 1665793 Middle East and North Africa 1 Program Services MEETINGS AND SERVICES 942382 North America (Canada & Mexico only) Program Services MEETINGS AND SERVICES 2411 South America Program Services MEETINGS AND SERVICES 10325 South Asia 1 Program Services MEETINGS AND SERVICES 376133 0 9 0 0 0 9 3019331 0 3019331 false false false false false false X X X true false false true false true false true false Anant Agarwal CEO 524110 0 137641 0 37058 0 50400 0 108321 0 857530 0 0 0 Alan Garber Co-Chair 0 728826 0 30000 0 2534 0 35370 0 159029 0 955759 0 0 Martin Schmidt Co-Chair 0 714920 0 0 0 40550 0 44800 0 31669 0 831938 0 0 Katherine Lapp Director 0 715430 0 30000 0 21521 0 35370 0 9691 0 812012 0 0 Israel Ruiz Director 0 757114 0 0 0 111463 0 30800 0 27216 0 926593 0 0 Sanjay Sarma Director 0 423858 0 0 0 87197 0 36400 0 31772 0 579226 0 0 Bharat Anand Director 0 407720 0 100000 0 11048 0 37717 0 2421 0 558906 0 0 Mark Haseltine Former Chief Product Officer 95848 0 0 0 46276 0 12700 0 11441 0 166266 0 0 0 Nell Ma'luf Clerk 247053 0 65449 0 1058 0 33220 0 9725 0 356504 0 0 0 Adam Medros President 399768 0 106374 0 19434 0 33220 0 32855 0 591650 0 0 0 Peter Brau Treasurer 188040 0 49161 0 0 0 15674 0 32611 0 285487 0 0 0 Johannes Heinlein Chief Commercial Officer and SVP, Strategic Partnerships 328209 0 82946 0 9143 0 33220 0 28894 0 482411 0 0 0 Lauren Holliday VP, Product 240892 0 42476 0 0 0 30016 0 27367 0 340750 0 0 0 Kathleen Pugh VP, Content & Partner Success 232280 0 58719 0 2155 0 34287 0 32661 0 360102 0 0 0 Michael Hebert Senior Director of People and Culture 205436 0 35430 0 0 0 26633 0 30011 0 297510 0 0 0 Nina Huntemann VP, Learning 157213 0 37176 0 79 0 11752 0 12715 0 218934 0 0 0 Edward Batchelder Software Architect 218866 0 55703 0 0 0 34287 0 30011 0 338867 0 0 0 Lee Rubenstein VP, Business Development 277917 0 68007 0 9093 0 35355 0 28636 0 419008 0 0 0 Jack Drew II Director, Sales 239619 0 39154 0 0 0 22273 0 28313 0 329359 0 0 0 Trevor Bass Data Scientist and Architect 219324 0 42205 0 8757 0 22629 0 22151 0 315067 0 0 0 Scott Dunn Director, Software Engineering 178891 0 32945 0 48323 0 25237 0 4617 0 290014 0 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment An individual listed in Part VII, Section A, Line 1a, received a payment of $41,392 from edX during calendar year 2019. An individual listed in Part VII, Section A, Line 1a, received a payment of $65,422 from a related organization during calendar year 2019. 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 I, Line 7 Non-fixed payments BONUSES MAY BE AWARDED FOR OUTSTANDING PERFORMANCE. Form 990, Part VI, Line 2 BUSINESS RELATIONSHIP FOR FISCAL YEAR 2020, THE FOLLOWING CURRENT OFFICERS/DIRECTORS OF EDX, INC. WERE EMPLOYED BY MIT, OF WHICH ISRAEL RUIZ WAS AN OFFICER AND DIRECTOR: MARTIN SCHMIDT AND SANJAY SARMA. FOR FISCAL YEAR 2020, THE FOLLOWING CURRENT OFFICERS/DIRECTORS OF EDX, INC. WERE EMPLOYED BY HARVARD, OF WHICH KATHERINE LAPP WAS AN OFFICER AND DIRECTOR: BHARAT ANAND, JEFF BUSSGANG, AND ALAN GARBER. ADDITIONALLY, ISRAEL RUIZ AND ALAN SPOON WERE MEMBERS OF THE BOARD OF FORTIVE CORPORATION DURING FISCAL YEAR 2020. Form 990, Part VI, Line 15 COMPENSATION PROCESS 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 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 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 VIII, Line 11d Other Miscellaneous Revenue ALL OTHER REVENUE - Total Revenue: 54403, Related or Exempt Function Revenue: 54403, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part IX, Column (D) FUNDRAISING THE ORGANIZATION RECEIVES GENEROUS DONATIONS TO SUPPORT THE MISSION AND ACTIVELY ENGAGES IN FUNDRAISING. Form 990, Part IX, Line 11g Other Fees ENGINEERING - Total Expense: 5042542, Program Service Expense: 4512349, Management and General Expenses: 530193, Fundraising Expenses: ; MARKETING & BUSINESS DEVELOPMENT - Total Expense: 2869572, Program Service Expense: 2567854, Management and General Expenses: 301718, Fundraising Expenses: ; HOSTING - Total Expense: 2715530, Program Service Expense: 2430008, Management and General Expenses: 285522, Fundraising Expenses: ; EDUCATIONAL SUPPORT SERVICES - Total Expense: 1077320, Program Service Expense: 964046, Management and General Expenses: 113274, Fundraising Expenses: ; OTHER - Total Expense: 1014217, Program Service Expense: 907577, Management and General Expenses: 106640, Fundraising Expenses: ; TEMPORARY HELP - Total Expense: 410289, Program Service Expense: 367150, Management and General Expenses: 43139, Fundraising Expenses: ; RECRUITING - Total Expense: 240282, Program Service Expense: 215018, Management and General Expenses: 25264, Fundraising Expenses: ; MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE NE49-3142 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 false false true false false false false false false false true false false false false false false