2026-02-12T13:05:11-06:00 2025-06-30 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2024-07-01 261544963 KHAN ACADEMY INC KHAN 6503365426 PO BOX 1630 MOUNTAIN VIEW CA 94042 SALMAN KHAN CEO 6503365426 2026-02-05 1 0 MAGA E KISRIEV P01008919 4089988400 2024 2025-03-06 01:10:19Z SALMAN KHAN PO BOX 1630 MOUNTAIN VIEW CA 94042 186681381 0 X WWW.KHANACADEMY.ORG X 2007 CA A FREE WORLD-CLASS EDUCATION FOR ANYONE, ANYWHERE. 12 11 337 600 0 0 20748059 90423383 5341231 22164801 1874351 4814850 90931 85922 28054572 117488956 0 593100 0 0 28565909 68165164 0 0 3701163 10206510 18775404 38772419 87533668 -10717847 29955288 127337918 158656292 7747632 6440948 119590286 152215344 X A FREE WORLD-CLASS EDUCATION FOR ANYONE, ANYWHERE. 0 0 51197550 0 22146623 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. FROM JULY 2024 TO JUNE 2025, AN AVERAGE OF 8.5 MILLION LEARNERS WERE ACTIVE ON OUR PLATFORM EACH MONTH IN MORE THAN 190 COUNTRIES. APPROXIMATELY 53% OF OUR LEARNERS WERE LOCATED OUTSIDE OF THE UNITED STATES. OUR CONTENT IS TRANSLATED INTO MORE THAN 50 LANGUAGES. WE CONTINUE TO MAKE IMPROVEMENTS TO OUR MASTERY LEARNING FEATURES AND EXPANDED CONTENT LIBRARY WITH THE ADDITION OF MORE SUBJECTS, UNIT TESTS AND QUIZZES. 12093799 0 0 CONTENT CREATION AND CURATION: THE KHAN ACADEMY PLATFORM INCLUDES AN EXTENSIVE AND GROWING LIBRARY OF EDUCATIONAL RESOURCES. ON JUNE 30, 2025, IT CONTAINED APPROXIMATELY 800 ACTIVE COURSES, 20,000 VIDEOS, 12,500 SETS OF PRACTICE PROBLEMS, AND 10,250 ARTICLES. FROM JULY 2024 TO JUNE 2025, WE CONTINUED TO DEEPEN AND BROADEN OUR COURSE OFFERINGS IN THE CORE SUBJECTS OF MATH, SCIENCE, ENGLISH/LANGUAGE ARTS AND SOCIAL STUDIES, AND ALSO EXPANDED COURSES IN POPULAR TOPICS SUCH AS FINANCIAL LITERACY AND COMPUTER SCIENCE. ADDITIONALLY, WE CONTINUED TO FORGE PARTNERSHIPS TO HELP US CREATE MORE WORLD-CLASS CONTENT. 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 IN THE WORLD. 12301002 593100 0 AWARENESS AND ADOPTION: WE WILL CONTINUE DEVELOPING PARTNERSHIPS WITH INSTITUTIONS ACROSS THE WORLD TO INCREASE AWARENESS ABOUT KHAN ACADEMY AND INCREASE OUR IMPACT. EXAMPLE PARTNERSHIPS INCLUDE SCHOOL DISTRICTS IN THE UNITED STATES AND OTHER MARKETS, TESTMAKERS AND CREDENTIALING BODIES, CORPORATIONS, AND FOUNDATIONS. BY JUNE 30, 2025, WE HAD MORE THAN 185 MILLION REGISTERED STUDENTS, TEACHERS AND PARENTS. 75592351 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 1 1 0 0 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 16 0 1 337 1 0 1 IN 0 0 0 0 0 0 0 0 0 0 X 12 11 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT FL GA HI IL KS KY MA MD MI MN MS NV NH NJ NM NY NC ND OH OR PA RI SC TN UT VA WA WV WI X X JULIAN ROBERTS 6503365426 PO BOX 1630 MOUNTAIN VIEW CA 94042 ANN DOERR CHAIRMAN 10.00 0.00 X X 0 0 0 CURTIS FEENEY DIRECTOR 2.00 0.00 X 0 0 0 DAVID SIEGEL DIRECTOR 2.00 0.00 X 0 0 0 LARRY COHEN DIRECTOR 2.00 0.00 X 0 0 0 LAURA OVERDECK DIRECTOR 2.00 0.00 X 0 0 0 PATRICIA LEVESQUE 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 SANJIV YAJNIK DIRECTOR 2.00 0.00 X 0 0 0 CARLOS RODRIGUEZ-PASTOR DIRECTOR 2.00 0.00 X 0 0 0 REED HASTINGS DIRECTOR 2.00 0.00 X 0 0 0 SALMAN KHAN CHIEF EXECUTIVE OFFICER 40.00 1.00 X X 871261 0 41848 JULIAN ROBERTS CHIEF FIN AND ADMIN OFFICER 40.00 1.00 X 434319 0 47234 JULIA COWLES VP GENERAL COUNSEL 40.00 1.00 X 368953 0 24027 VICKI ZUBOVIC CHIEF EXTERNAL RELATIONS OFFICER 40.00 0.00 X 452231 0 24582 KRISTEN DICERBO CHIEF LEARNING OFFICER 40.00 1.00 X 378433 0 23363 PAUL MORGAN CTO & VP, ENGINEERING 40.00 0.00 X 371742 0 31978 CAROLINE FLEXER VP PRODUCT, KHAN KIDS 40.00 0.00 X 360822 0 29927 MICHAEL FLEXER SR DIRECTOR, ENGINEERING 40.00 0.00 X 354366 0 24582 REGINA ROSS CHIEF PEOPLE OFFICER (THRU 12/1/24) 40.00 0.00 X 333913 0 28446 SANDEEP BAPNA VP INTERNATIONAL OPERATIONS 40.00 0.00 X 328770 0 44769 JOHN RESIG DIRECTOR ENGINEERING 40.00 0.00 X 324254 0 29894 DIANA OLIN ASSOCIATE GENERAL COUNSEL 40.00 0.00 X 320220 0 18548 SUJATA SALEM DIRECTOR ENGINEERING 40.00 0.00 X 309048 0 13223 JASON CHANCEY DIRECTOR ENGINEERING 40.00 0.00 X 290607 0 45215 THEODORE CHEN DIRECTOR ENGINEERING 40.00 0.00 X 284924 0 44980 5783863 0 472616 225 0 1 0 TARGET CW 3545 AERO COURT SAN DIEGO CA 92123 CONSULTING SERVICES 2143126 VELOCITY GLOBAL 3858 WALNUT ST SUITE 107 DENVER CO 80205 CONSULTING SERVICES 1149871 PARTNER HERO INC 250 S 5TH ST STE 400 BOISE ID 83702 COMMUNITY SUPPORT CONSULTANTS 413337 KJ LINK INTERNATIONAL 268 CASTRO STREET MOUNTAIN VIEW CA 94041 KHAN ACADEMY KIDS SUPPORT 217827 APOYO COMMUNICATIONS SA AV CAMINO REAL N 389 LIMA PE PLATFORM SUPPORT FOR PARTNERS IN PERU 160654 8 90423383 7576130 90423383 DEVELOPMENT FEES 541900 21280214 21280214 MAINTENANCE FEES 541900 884178 884178 SPEAKING FEES 541900 409 409 22164801 4158661 4158661 134256 134256 69848614 69192425 656189 656189 656189 MISCELLANEOUS 900099 -18178 -18178 LOSS ON FOREIGN CURREN 523000 -30156 -30156 -48334 117488956 22146623 0 4918950 593100 593100 4368281 2986645 940507 441129 52358604 46232809 4433131 1692664 1852097 1560634 218098 73365 5780809 5091088 502568 187153 3805373 3337959 339371 128043 184815 24664 160151 237041 35000 202041 138855 138855 3934751 3533377 401374 647195 633544 7976 5675 1268835 821110 123773 323952 9974636 8636771 545068 792797 803356 691822 91258 20276 1263749 1155652 80490 27607 32919 30779 2140 2887 2543 249 95 236781 208535 20467 7779 EMPLOYEE & TEACHER GIFT 16270 5355 10709 206 33314 10964 21928 422 87533668 75592351 8240154 3701163 5016255 5517957 541806 0 3858861 8676834 4773504 2088273 2514854 2302927 92615 92615 2888 0 109708062 139601353 921688 468948 127337918 158656292 2918608 2736492 4073929 3324558 755095 379898 7747632 6440948 X 86826040 104562033 32764246 47653311 119590286 152215344 127337918 158656292 29955288 2669770 0 X 0 1 X 1 0 X 65711147 48693146 39984004 84189187 89841403 328418887 65711147 48693146 39984004 84189187 89841403 328418887 53289974 275128913 910666 1228451 1382867 2869989 4292917 10684890 -22722 -17015 -12234 -18305 -30156 -100432 339003345 68441452 0.81160 0.82040 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GAIN/LOSS ON FOREIGN CURRENCY - 2020 AMOUNT: $ -22,722. 2021 AMOUNT: $ -17,015. 2022 AMOUNT: $ -12,234. 2023 AMOUNT: $ -18,305. 2024 AMOUNT: $ -30,156. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24324015 11960241 2941443 39225699 22825175 1498840 24324015 19488510 3336665 22825175 22730527 1500000 -4742017 19488510 17572279 3933117 1286902 61771 22730527 0.75064 0.21559 0.03377 0 0 8268 8268 0 84347 84347 0 0 LEASE LIABILITIES 379898 379898 124074597 2669770 4054726 6724496 117350101 138855 138855 117488956 91449539 4054726 4054726 87394813 138855 138855 87533668 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. 1 NORTH AMERICA 0 30 PROGRAM EMPLOYEE SALARIES, BENEFITS, TAXES, AND CONTRACTORS, LEGAL SERVICES 5396373 SOUTH ASIA 1 19 PROGRAM EMPLOYEE SALARIES, BENEFITS, TAXES AND G&A AND CONTRACTORS. 3174492 SOUTH AMERICA 1 14 GRANTMAKING, PROGRAM EMPLOYEE PAYROLL, CONTRACTED SERVICES, AND OTHER OPERATING COSTS, IMPLEMENTATION SUPPORT SERVICES 3352377 SUB-SAHARAN AFRICA 0 0 PROGRAM IMPLEMENT SUPPORT SERVICES 26008 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SUBSCRIPTIONS SERVICES 1500 2 63 0 0 2 63 11950750 0 11950750 SOUTH AMERICA GENERAL OPERATING SUPPORT 593100 0 1 0 0 0 1 0 0 0 1 X X X X 0 0 0 0 0 0 0 0 0 SALMAN KHAN CHIEF EXECUTIVE OFFICER 871261 0 0 0 0 0 8414 0 33434 0 913109 0 0 0 JULIAN ROBERTS CHIEF FIN AND ADMIN OFFICER 434319 0 0 0 0 0 13800 0 33434 0 481553 0 0 0 VICKI ZUBOVIC CHIEF EXTERNAL RELATIONS OFFICER 452231 0 0 0 0 0 13800 0 10782 0 476813 0 0 0 PAUL MORGAN CTO & VP, ENGINEERING 371742 0 0 0 0 0 12565 0 19413 0 403720 0 0 0 KRISTEN DICERBO CHIEF LEARNING OFFICER 378433 0 0 0 0 0 12581 0 10782 0 401796 0 0 0 JULIA COWLES VP GENERAL COUNSEL 368953 0 0 0 0 0 6247 0 17780 0 392980 0 0 0 CAROLINE FLEXER VP PRODUCT, KHAN KIDS 360822 0 0 0 0 0 10514 0 19413 0 390749 0 0 0 MICHAEL FLEXER SR DIRECTOR, ENGINEERING 354366 0 0 0 0 0 13800 0 10782 0 378948 0 0 0 SANDEEP BAPNA VP INTERNATIONAL OPERATIONS 328770 0 0 0 0 0 13295 0 31474 0 373539 0 0 0 REGINA ROSS CHIEF PEOPLE OFFICER (THRU 12/1/24) 333913 0 0 0 0 0 3390 0 25056 0 362359 0 0 0 JOHN RESIG DIRECTOR ENGINEERING 315211 0 0 0 9043 0 6166 0 23728 0 354148 0 0 0 DIANA OLIN ASSOCIATE GENERAL COUNSEL 320220 0 0 0 0 0 7766 0 10782 0 338768 0 0 0 JASON CHANCEY DIRECTOR ENGINEERING 290607 0 0 0 0 0 11781 0 33434 0 335822 0 0 0 THEODORE CHEN DIRECTOR ENGINEERING 284924 0 0 0 0 0 11546 0 33434 0 329904 0 0 0 SUJATA SALEM DIRECTOR ENGINEERING 309048 0 0 0 0 0 5142 0 8081 0 322271 0 0 0 X 15 7576130 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF ITEMS DONATED. 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 A, LINE 2 CAROLINE FLEXER, VP PRODUCT, KHAN KIDS, AND MICHAEL FLEXER, SR DIRECTOR, ENGINEERING, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS OF KHAN ACADEMY, INC. WERE AMENDED JUNE 10, 2025 TO ESTABLISH A CLASSIFIED BOARD WITH THREE-YEAR TERMS ALIGNED WITH THE ORGANIZATION'S FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE TAXPAYER'S ACCOUNTING FIRM FORWARDED THE FORM 990 TO THE CHIEF FINANCIAL OFFICER FOR REVIEW. THE CHIEF FINANCIAL OFFICER 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 CHIEF FINANCIAL OFFICER. EITHER THE CHIEF FINANCIAL OFFICER 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). DUCK DUCK MOOSE LLC PO BOX 1630 MOUNTAIN VIEW CA 94042 611799353 ON-LINE EARLY LEARNING CA 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 KHAN ACADEMY BRASIL B 593100 CASH