2023-11-09T14:38:28-06:00 2022-12-31 941254756 HOOD & STRONG LLP 60 SO MARKET ST STE 200 SAN JOSE CA 95113 990 2022-01-01 261544963 KHAN ACADEMY INC KHAN 6503365426 PO BOX 1630 MOUNTAIN VIEW CA 94042 SALMAN KHAN CEO 6503365426 2023-11-07 1 SALMAN KHAN 999009999 0 MAGA E KISRIEV P01008919 4089988400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SALMAN KHAN PO BOX 1630 MOUNTAIN VIEW CA 94042 71620103 0 X WWW.KHANACADEMY.ORG X 2007 CA A FREE WORLD-CLASS EDUCATION FOR ANYONE, ANYWHERE. 10 9 258 650 0 0 48693146 39984004 9355361 12923384 1221511 340623 -6275 -13194 59263743 53234817 0 0 0 0 39378903 43486013 0 0 3515896 14500112 14671489 53879015 58157502 5384728 -4922685 115035528 105255724 9272154 11532697 105763374 93723027 A FREE WORLD-CLASS EDUCATION FOR ANYONE, ANYWHERE. 0 0 34188485 0 12677918 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 THE CALENDAR YEAR 2022, AN AVERAGE OF 11.5 MILLION LEARNERS WERE ACTIVE ON OUR PLATFORM EACH MONTH IN MORE THAN 100 COUNTRIES. APPROXIMATELY 35% 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. 7500897 0 216666 CONTENT CREATION AND CURATION: THE KHAN ACADEMY PLATFORM INCLUDES AN EXTENSIVE AND GROWING LIBRARY OF EDUCATIONAL RESOURCES. AT THE END OF 2022, IT CONTAINED APPROXIMATELY 716 COURSES, 12,800 VIDEOS, 81,800 PRACTICE PROBLEMS, AND 4,800 ARTICLES. AN AVERAGE OF 11.5 MILLION ACTIVE REGISTERED LEARNERS ACCESSED THE CONTENT EACH MONTH. IN 2022, WE CONTINUED TO DEEPEN AND BROADEN OUR COURSE OFFERINGS IN MATH AND SCIENCE, AND WE FORGED 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. 7462162 0 28800 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, INCLUDING INDIA, BRAZIL AND PERU; TEST MAKERS AND CREDENTIALING BODIES LIKE THE LAW SCHOOL ADMISSION COUNCIL, THE ASSOCIATION OF MEDICAL COLLEGES AND EDUCATIONAL TESTING SERVICE; CORPORATIONS LIKE GOOGLE; AND FOUNDATIONS LIKE THE BILL AND MELINDA GATES FOUNDATION AND THE LEMANN FOUNDATION. BY THE END OF 2022, WE HAD MORE THAN 147.6 MILLION REGISTERED STUDENTS, TEACHERS AND PARENTS. 49151544 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 26 0 1 258 1 0 1 IN 0 0 0 1 1 0 0 0 0 1 0 X 10 9 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 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 JAMES MANYIKA 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 SALMAN KHAN CHIEF EXECUTIVE OFFICER 40.00 2.00 X X 1174897 0 31125 JULIA COWLES VP GENERAL COUNSEL AND SECRETARY 40.00 1.00 X 423453 0 40020 TINA SACHS TREASURER (THRU 9/2/2022) 40.00 2.00 X 163682 0 18434 JULIAN ROBERTS CHIEF FINANCIAL OFFICER 40.00 0.00 X 22284 0 2663 VICKI ZUBOVIC CHIEF EXTERNAL RELATIONS OFFICER 40.00 0.00 X 522312 0 22214 REGINA ROSS CHIEF PEOPLE OFFICER 40.00 0.00 X 373273 0 39747 PAUL MORGAN CHIEF TECHNOLOGY OFFICER 40.00 0.00 X 385716 0 30666 KRISTEN DICERBO CHIEF LEARNING OFFICER 40.00 1.00 X 376903 0 22177 CAROLINE FLEXER VP PRODUCT, KHAN KIDS 40.00 0.00 X 427339 0 24314 MARTA KOSARCHYN CHIEF TECHNOLOGY OFFICER (THRU 4/8/2022) 40.00 1.00 X 192712 0 15097 MICHAEL FLEXER CHIEF ARCHITECT, KHAN KIDS 40.00 0.00 X 404877 0 19308 JOHN RESIG DIRECTOR ENGINEERING 40.00 0.00 X 366076 0 33345 SUJATA SALEM DIRECTOR ENGINEERING 40.00 0.00 X 340035 0 23889 JASON CHANCEY DIRECTOR ENGINEERING 40.00 0.00 X 314670 0 44105 KELLI HILL DIRECTOR EFFICACY & ANALYTICS 40.00 0.00 X 296291 0 48884 5784520 0 415988 168 0 1 0 VELOCITY GLOBAL 3858 WALNUT ST SUITE 107 DENVER CO 80205 CONSULTING SERVICES 1183542 TARGET CW 9475 CHESAPEAKE DR SAN DIEGO CA 92123 CONSULTING SERVICES 898131 QBS LEARNING 242 WEST 30TH STREET SUITE 1100 NEW YORK NY 10001 CONTENT CREATION 371173 PARTNER HERO INC 570 EL CAMINO REAL 150-407 REDWOOD CITY CA 94063 COMMUNITY SUPPORT CONSULTANTS 331224 TYTON PARTNERS CONSULTING LLC 75 FEDERAL STREET SUITE 200 BOSTON MA 02110 GRANT CONSULTING 322804 10 39984004 526377 39984004 DEVELOPMENT FEES 541900 8624584 8624584 MAINTENANCE FEES 541900 4053334 4053334 CONTENT LICENSING FEES 541900 216666 216666 SPEAKING FEES 541900 28800 28800 12923384 1382302 1382302 565 565 17343607 18385286 -1041679 -1041679 -1041679 MISCELLANEOUS 900099 -1525 -1525 LOSS ON FOREIGN CURREN 523000 -12234 -12234 -13759 53234817 12921859 0 328954 4309027 2531101 1143856 634070 32419632 28942041 2423671 1053920 1258260 1094876 28267 135117 3317379 2970770 290793 55816 2181715 1869675 223947 88093 26717 7931 18786 102915 102915 119767 119767 5208379 4036329 574286 597764 631382 594508 14969 21905 941090 548365 94920 297805 5800907 4943499 305268 552140 1199009 1073062 84616 41331 398373 326595 43057 28721 28016 27510 506 24586 21668 1961 957 168362 148806 13138 6418 EMPLOYEE & TEACHER GIFT 14287 10366 2087 1834 7699 4442 3252 5 58157502 49151544 5490062 3515896 2732625 4761853 10221379 38713 3730779 3821038 3380050 2550183 529965 1305338 1543246 1517515 50317 25731 94203070 91666476 187343 1086392 115035528 105255724 6396788 4117418 2875366 7415279 9272154 11532697 X 84704897 75120880 21058477 18602147 105763374 93723027 115035528 105255724 -4922685 -7117662 0 X 0 1 X 1 0 X 31433356 27629684 65711147 48693146 39984004 213451337 31433356 27629684 65711147 48693146 39984004 213451337 40100731 173350606 969670 1317507 910666 1228451 1382867 5809161 32 -5002 -22722 -17015 -12234 -56941 219203557 62654695 0.79080 0.76440 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GAIN/LOSS ON FOREIGN CURRENCY - 2018 AMOUNT: $ 32. 2019 AMOUNT: $ -5,002. 2020 AMOUNT: $ -22,722. 2021 AMOUNT: $ -17,015. 2022 AMOUNT: $ -12,234. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22730527 1500000 -4742017 0 19488510 17572279 3933117 1286902 61771 22730527 0 17563101 9560 382 17572279 0.71035 0.28965 0.00000 0 0 917297 902190 15107 625949 615325 10624 25731 X 49950329 -7117662 3952941 -3164721 53115050 119767 119767 53234817 61990676 3952941 3952941 58037735 119767 119767 58157502 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, 2022, 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. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 21 PROGRAM CONTENT CREATION, MARKETING AND EMPLOYEE SALARIES, BENEFITS, TAXES & CONTRACTORS., TRANSLATIONS SERVICES FOR LEGAL DOCUMENTS. 3488892 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM CONTENT LOCALIZATION. 2561 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 25 PROGRAM EMPLOYEE SALARIES, BENEFITS, TAXES AND G&A AND CONTRACTORS. 1917239 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 1 0 PROGRAM INDEPENDENT CONTRACTOR - CONTENT CREATION, MARKETING, RENT, COPY EDITING, AND VIDEO RECORDING. 646685 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM CONTENT CREATION, CONSULTING SERVICES - TRAVEL REIMBURSEMENTS. 46415 2 46 0 0 2 46 6101792 0 6101792 0 0 1 0 0 0 PART III ACCOUNTING METHOD: X X 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 3463 -3463 243463 -243463 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 702451 0 472446 0 0 0 0 0 31125 0 1206022 0 0 0 VICKI ZUBOVIC CHIEF EXTERNAL RELATIONS OFFICER 373872 0 148440 0 0 0 12200 0 10014 0 544526 0 0 0 JULIA COWLES VP GENERAL COUNSEL AND SECRETARY 294276 0 129177 0 0 0 12200 0 27820 0 463473 0 0 0 CAROLINE FLEXER VP PRODUCT, KHAN KIDS 298563 0 128776 0 0 0 12200 0 12114 0 451653 0 0 0 MICHAEL FLEXER CHIEF ARCHITECT, KHAN KIDS 306452 0 98425 0 0 0 12200 0 7108 0 424185 0 0 0 PAUL MORGAN CHIEF TECHNOLOGY OFFICER 294482 0 91234 0 0 0 12200 0 18466 0 416382 0 0 0 REGINA ROSS CHIEF PEOPLE OFFICER 299673 0 41677 0 31923 0 12200 0 27547 0 413020 0 0 0 JOHN RESIG DIRECTOR ENGINEERING 271204 0 86708 0 8164 0 12200 0 21145 0 399421 0 0 0 KRISTEN DICERBO CHIEF LEARNING OFFICER 274444 0 102459 0 0 0 12200 0 9977 0 399080 0 0 0 SUJATA SALEM DIRECTOR ENGINEERING 258222 0 81813 0 0 0 12200 0 11689 0 363924 0 0 0 JASON CHANCEY DIRECTOR ENGINEERING 247708 0 66962 0 0 0 12200 0 31905 0 358775 0 0 0 KELLI HILL DIRECTOR EFFICACY & ANALYTICS 225997 0 70294 0 0 0 12200 0 36684 0 345175 0 0 0 MARTA KOSARCHYN CHIEF TECHNOLOGY OFFICER (THRU 4/8/2 87712 0 105000 0 0 0 7758 0 7339 0 207809 0 0 0 TINA SACHS TREASURER (THRU 9/2/2022) 122459 0 41223 0 0 0 4000 0 14434 0 182116 0 0 0 X 14 526377 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 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 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