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Axim Collaborative Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 460807740 ✦ Cambridge, MA ✦ Designated as a 501(c)(3)

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Overview

What is Axim Collaborative Inc?

Axim Collaborative Inc, based in Cambridge, Massachusetts, is a prominent nonprofit organization dedicated to expanding education access and becoming a leading resource for learners worldwide. Their primary mission revolves around providing and enhancing teaching and learning, both on-campus and online, through advanced technologies and research. By developing an open-source learning platform, they enable approximately 83 million enrollments with over 4,103 online courses. This innovative approach to education underscores their commitment to breaking down barriers and fostering a rich educational experience for learners across the globe.


Official website here: www.axim.org

What are the reviews and ratings of this charity?

Charity Navigator rating: 81%, Three-Star out of Four Star rating.

Axim Collaborative Inc has achieved an overall score of 81%, reflecting a strong emphasis on accountability and financial health. This rating is based solely on their Accountability & Finance score, indicating that the organization adheres well to essential financial practices. The organization has received full marks in several critical areas, such as audit oversight, conflict of interest policies, and board meeting documentation.

The nonprofit excels in maintaining a high program expense ratio of 83.92%, which suggests that a significant portion of its funds is directed towards its mission-related activities rather than administrative costs. Additionally, there have been no reported issues regarding the diversion of assets, which further emphasizes the organization's commitment to financial integrity.

While the organization demonstrates robust financial practices, the single beacon score means there is limited evaluation of other operational aspects. Prospective donors and stakeholders might benefit from further insights into program effectiveness or impact outcomes beyond financial accountability.


This AI summary has been generated from information found on Charity Navigator.

Is Axim Collaborative Inc legitimate?

Axim Collaborative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Axim Collaborative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,666,611
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,633,887

For more financial information, click here


Official website here: www.axim.org

What is the mission statement of Axim Collaborative Inc?

The Axim Collaborative Inc, formerly known as EDX Inc. and The Center for Reimagining Learning, Inc., is dedicated to expanding access to education and becoming a leading resource for learners worldwide. They aim to achieve this by providing and enhancing teaching and learning experiences on campus and online through advanced technologies and research. The organization's primary activities include developing an open-source learning platform and hosting partners' courses on it, enabling high-quality online educational experiences for millions of learners around the world. As of approximately 83 million enrollments, the platform offers over 4,103 online courses.


Official website here: www.axim.org

Who is the CEO of Axim Collaborative Inc?

Stephanie Khurana is the CEO of Axim Collaborative Inc The CEO's salary of Axim Collaborative Inc is $0 and their total compensation is $0.


Official website here: www.axim.org

What is the revenue of Axim Collaborative Inc?

Axim Collaborative Inc's revenue in 2023 was $15,380,878.


Official website here: www.axim.org

Who are the executives of Axim Collaborative Inc and what are their salaries?

The average compensation at Axim Collaborative Inc during 2023 was $220,033. There are 15 employees at Axim Collaborative Inc.

Here are 20 key members and their salaries (Axim Collaborative Inc's CEO's salary is $0 and their total compensation is $0):


Alan Garber (Co-Chair)
  • Compensation: $0
  • Related: $884,365
  • Other: $238,402
Alan Spoon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bharat Anand (Trustee)
  • Compensation: $0
  • Related: $939,153
  • Other: $41,106
Bridget Terry Long (Trustee)
  • Compensation: $0
  • Related: $635,733
  • Other: $72,896
Cynthia Barnhart (Co-Chair)
  • Compensation: $0
  • Related: $833,157
  • Other: $17,635
Glen Shor (Trustee)
  • Compensation: $0
  • Related: $795,890
  • Other: $68,243
Katherine Lapp (Trustee)
  • Compensation: $0
  • Related: $2,347,789
  • Other: $46,759
Meredith Weenick (Trustee)
  • Compensation: $0
  • Related: $625,257
  • Other: $49,945
Sanjay Sarma (Trustee)
  • Compensation: $0
  • Related: $515,061
  • Other: $130,292
W Eric Grimson (Trustee)
  • Compensation: $0
  • Related: $509,044
  • Other: $38,364
Catherine Smith (President (Outgoing))
  • Compensation: $315,799
  • Related: $0
  • Other: $51,193
Nell Ma'Luf (Clerk And General Counsel)
  • Compensation: $469,551
  • Related: $0
  • Other: $19,012
Peter Brau (Treasurer And Chief Financial Officer)
  • Compensation: $386,022
  • Related: $0
  • Other: $49,309
Stephanie Khurana (President And Ceo (Incoming))
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Zarecor (Vp, Engineering)
  • Compensation: $331,741
  • Related: $0
  • Other: $47,920
David Ormsbee (Software Architect)
  • Compensation: $235,775
  • Related: $0
  • Other: $43,034
Feanil Patel (Software Architect)
  • Compensation: $237,775
  • Related: $0
  • Other: $19,776
Kyle Mccormick (Senior Software Engineer Ii)
  • Compensation: $158,051
  • Related: $0
  • Other: $18,851
Sarina Canelake (Engineering Manager)
  • Compensation: $212,900
  • Related: $0
  • Other: $22,490
Sean Foye (Controller)
  • Compensation: $224,499
  • Related: $0
  • Other: $16,815


Official website here: www.axim.org

Where can I find the form 990 for Axim Collaborative Inc?

Axim Collaborative Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.axim.org

Learn more at the official website: www.axim.org

Mission Statement of Axim Collaborative Inc

The Axim Collaborative Inc, a leading organization in education and learning, aims to expand access to education and become a go-to resource for learners worldwide. By providing and enhancing teaching and learning experiences on campus and online, Axim Collaborative Inc utilizes advanced technologies and research.

At the heart of its mission, Axim Collaborative Inc works on developing an open-source learning platform. This platform hosts partners' courses, ensuring high-quality online educational experiences for millions of learners worldwide. With over 4,103 online courses and approximately 83 million enrollments, the organization has made significant strides in making education accessible to a global audience.

The Axim Collaborative Inc's commitment to education transcends geographical boundaries, offering learners an opportunity to acquire knowledge and skills regardless of their location. Its mission is rooted in the belief that education should be a universal right and not a privilege. Through advanced technologies and rigorous research, the organization continues to pave the way for a future where everyone has access to quality education. By leading the charge in this realm, Axim Collaborative Inc is poised to make a lasting impact on the lives of learners around the world.

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Impact




October, 2024

Axim Collaborative Inc significantly impacts global education by expanding access to learning through innovative technology and research. Its primary focus is to develop an open-source learning platform that hosts a wide array of online courses, making high-quality education accessible to millions. With approximately 83 million total enrollments and over 4,100 online courses, Axim Collaborative has established itself as a vital resource for learners worldwide. By enhancing teaching and learning experiences both on-campus and online, it contributes to transforming educational practices and fosters a culture of continuous learning across diverse communities.




This information is meant to be a general summary of Axim Collaborative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$15,380,878 (2023)
Expenses
$9,203,446 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $15,195,736
  • Program Service Revenue: $185,142
  • Gross Receipts: $15,380,878

Assets and Liabilities:

  • Total Assets: $718,634,723
  • Total Liabilities: $450,321
  • Net Assets: $718,184,402

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EVENT REVENUE

Revenue

$185,142

Organization Details

Founding Year

2012

NTEE Category

Code: B19 - Education

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