Skip to content
Nonprofiteer
← AXIM COLLABORATIVE INC

Form 990 for tax year 2022

Filed by AXIM COLLABORATIVE INC.

Totals

Total revenue
$15,380,878
Total expenses
$9,203,446
Contributions and grants received
$0
Grants paid
$951,821
Program service revenue
$185,142
Investment income
$15,195,736
Other revenue
$0
Total assets, end of year
$734,942,016
Total liabilities, end of year
$560,253
Net assets or fund balances, end of year
$734,381,763
Program services expenses (Part IX)
$6,412,168
Management and general expenses
$2,791,278
Fundraising expenses
$0
Program service expenses (Part III)
$6,412,168

Program services were 69.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EVENT REVENUE

    total $185,142 · related or exempt $185,142

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $15,195,736 · excluded $15,195,736

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $951,821 · program services $951,821

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $1,666,611 · program services $922,459 · management and general $744,152

  • 7 · Other salaries and wages

    total $1,633,887 · program services $1,501,767 · management and general $132,120

  • 8 · Pension plan contributions

    total $239,060 · program services $172,420 · management and general $66,640

  • 9 · Other employee benefits

    total $652,771 · program services $412,562 · management and general $240,209

  • 10 · Payroll taxes

    total $261,990 · program services $172,616 · management and general $89,374

  • 11b · Fees: legal

    total $243,769 · management and general $243,769

  • 11c · Fees: accounting

    total $158,932 · management and general $158,932

  • 11f · Fees: investment management

    total $280,412 · management and general $280,412

  • 11g · Fees: other

    total $2,557,973 · program services $1,958,034 · management and general $599,939 · fundraising $0

  • 13 · Office expenses

    total $30,372 · management and general $30,372

  • 14 · Information technology

    total $14,930 · management and general $14,930

  • 16 · Occupancy

    total $140,322 · program services $114,012 · management and general $26,310

  • 17 · Travel

    total $51,439 · program services $20,549 · management and general $30,890

  • 19 · Conferences, conventions and meetings

    total $185,928 · program services $185,928

  • 23 · Insurance

    total $100,163 · management and general $100,163

  • 24a · Other expenses: ALL OTHER EXPENSES

    total $33,066 · management and general $33,066

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,008,591 · end of year $16,533,864

  • 2 · Savings and temporary cash investments

    beginning of year $650,423,116 · end of year $688,538,441

  • 4 · Accounts receivable

    beginning of year $13,000,000 · end of year $8,436,249

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $187,511 · end of year $122,410

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $54,015,505 · end of year $21,311,052

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $450,321 · end of year $560,253

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $718,184,402 · end of year $734,381,763

Mission and programs · 2022

Mission

THE AXIM COLLABORATIVE, INC. MISSION IS TO MAKE LEARNING MORE ACCESSIBLE, MORE RELEVANT AND MORE EFFECTIVE FOR ALL LEARNERS IN SUPPORT OF STRONG STUDENT OUTCOMES. AXIM COLLABORATIVE, INC. IS FOCUSED ON STUDENTS SYSTEMATICALLY AND HISTORICALLY UNDERSERVED BY HIGHER EDUCATION SYSTEMS. AXIM COLLABORATIVE, INC. SEEKS TO CATALYZE NEW DIGITAL AND EDUCATION PRACTICES THAT ENGAGE STUDENTS IN THEIR COURSE OF STUDY, ENABLE THEM TO PERSIST THROUGH THEIR PROGRAMS AND EXCEL IN THEIR CAREERS TO REALIZE GREATER SOCIAL AND ECONOMIC MOBILITY.

  • AXIM COLLABORATIVE, INC. ADVANCES EDUCATION TRANSFORMATION THROUGH PARTNERSHIPS, GRANT MAKING, CONVENINGS AND DEEP COLLABORATION WITH PARTNERS AND THOUGHT LEADERS WHOSE GOAL IT IS TO ENABLE STUDENT SUCCESS THROUGH CATALYZING NEW DIGITAL AND EDUCATIONAL PRACTICES. SEE MORE AT WWW.AXIM.ORG

    Expenses $2,877,082 · Grants $951,821

  • AXIM COLLABORATIVE, INC. SUPPORTS THE OPEN SOURCE SOFTWARE OPEN EDX PLATFORM FOR ONLINE LEARNING. THIS PROGRAM'S MISSION IS TO LEVERAGE OPEN SOURCE TECHNOLOGY TO DEMOCRATIZE EDUCATION AND TO POWER ADVANCES IN LEARNING. SEE MORE AT WWW.OPENEDX.ORG

    Expenses $3,535,086 · Revenue $185,142

As filed on the 2022 return.

Listed in Part VII

  • Alan Garber

    Co-Chair

    Total calculated
    $1,122,767
    From this org
    $0
    From related orgs
    $884,365
    Other
    $238,402
    Hours/week
    2 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $833,673 related
    Bonus
    $0 + $45,000 related
    Other
    $0 + $5,692 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $200,002 related
    Filer's total
    $0 + $1,122,767 related

  • Alan Spoon

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Bharat Anand

    Trustee

    Total calculated
    $980,259
    From this org
    $0
    From related orgs
    $939,153
    Other
    $41,106
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $439,844 related
    Bonus
    $0
    Other
    $0 + $499,309 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $2,706 related
    Filer's total
    $0 + $980,259 related

  • Bridget Terry Long

    Trustee

    Total calculated
    $708,629
    From this org
    $0
    From related orgs
    $635,733
    Other
    $72,896
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $520,521 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $85,212 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $34,496 related
    Filer's total
    $0 + $708,629 related

  • Cynthia Barnhart

    Co-Chair

    Total calculated
    $850,792
    From this org
    $0
    From related orgs
    $833,157
    Other
    $17,635
    Hours/week
    2 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $810,308 related
    Bonus
    $0
    Other
    $0 + $22,849 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $2,385 related
    Filer's total
    $0 + $850,792 related

  • Glen Shor

    Trustee

    Total calculated
    $864,133
    From this org
    $0
    From related orgs
    $795,890
    Other
    $68,243
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $756,890 related
    Bonus
    $0
    Other
    $0 + $39,000 related
    Deferred
    $0 + $36,085 related
    Nontaxable benefits
    $0 + $32,158 related
    Filer's total
    $0 + $864,133 related

  • Katherine Lapp

    Trustee

    Total calculated
    $2,394,548
    From this org
    $0
    From related orgs
    $2,347,789
    Other
    $46,759
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $631,704 related
    Bonus
    $0 + $45,000 related
    Other
    $0 + $1,671,085 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $8,359 related
    Filer's total
    $0 + $2,394,548 related

  • Meredith Weenick

    Trustee

    Total calculated
    $675,202
    From this org
    $0
    From related orgs
    $625,257
    Other
    $49,945
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $579,051 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $21,206 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $11,545 related
    Filer's total
    $0 + $675,202 related

  • Sanjay Sarma

    Trustee

    Total calculated
    $645,353
    From this org
    $0
    From related orgs
    $515,061
    Other
    $130,292
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $479,874 related
    Bonus
    $0
    Other
    $0 + $35,187 related
    Deferred
    $0 + $39,650 related
    Nontaxable benefits
    $0 + $90,642 related
    Filer's total
    $0 + $645,353 related

  • W Eric Grimson

    Trustee

    Total calculated
    $547,408
    From this org
    $0
    From related orgs
    $509,044
    Other
    $38,364
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $493,400 related
    Bonus
    $0
    Other
    $0 + $15,644 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $23,114 related
    Filer's total
    $0 + $547,408 related

  • Catherine Smith

    President (Outgoing)

    Total calculated
    $366,992
    From this org
    $315,799
    From related orgs
    $0
    Other
    $51,193
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $286,614
    Bonus
    $22,917
    Other
    $6,268
    Deferred
    $14,964
    Nontaxable benefits
    $36,229
    Filer's total
    $366,992

  • Nell Ma'luf

    Clerk and General Counsel

    Total calculated
    $488,563
    From this org
    $469,551
    From related orgs
    $0
    Other
    $19,012
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $372,741
    Bonus
    $90,000
    Other
    $6,810
    Deferred
    $6,295
    Nontaxable benefits
    $12,717
    Filer's total
    $488,563

  • Peter Brau

    Treasurer and Chief Financial Officer

    Total calculated
    $435,331
    From this org
    $386,022
    From related orgs
    $0
    Other
    $49,309
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $306,780
    Bonus
    $72,000
    Other
    $7,242
    Deferred
    $13,533
    Nontaxable benefits
    $35,776
    Filer's total
    $435,331

  • Stephanie Khurana

    President and CEO (Incoming)

    Total calculated
    $0
    Hours/week
    50

  • Edward Zarecor

    VP, Engineering

    Total calculated
    $379,661
    From this org
    $331,741
    From related orgs
    $0
    Other
    $47,920
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $277,499
    Bonus
    $47,000
    Other
    $7,242
    Deferred
    $12,478
    Nontaxable benefits
    $35,442
    Filer's total
    $379,661

  • David Ormsbee

    Software Architect

    Total calculated
    $278,809
    From this org
    $235,775
    From related orgs
    $0
    Other
    $43,034
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $208,406
    Bonus
    $20,913
    Other
    $6,456
    Deferred
    $10,411
    Nontaxable benefits
    $32,623
    Filer's total
    $278,809

  • Feanil Patel

    Software Architect

    Total calculated
    $257,551
    From this org
    $237,775
    From related orgs
    $0
    Other
    $19,776
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $210,363
    Bonus
    $21,000
    Other
    $6,412
    Deferred
    $11,377
    Nontaxable benefits
    $8,399
    Filer's total
    $257,551

  • Kyle McCormick

    Senior Software Engineer II

    Total calculated
    $176,902
    From this org
    $158,051
    From related orgs
    $0
    Other
    $18,851
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $139,061
    Bonus
    $12,823
    Other
    $6,167
    Deferred
    $7,066
    Nontaxable benefits
    $11,785
    Filer's total
    $176,902

  • Sarina Canelake

    Engineering Manager

    Total calculated
    $235,390
    From this org
    $212,900
    From related orgs
    $0
    Other
    $22,490
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $180,739
    Bonus
    $25,820
    Other
    $6,341
    Deferred
    $10,441
    Nontaxable benefits
    $12,049
    Filer's total
    $235,390

  • Sean Foye

    Controller

    Total calculated
    $241,314
    From this org
    $224,499
    From related orgs
    $0
    Other
    $16,815
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $183,505
    Bonus
    $34,100
    Other
    $6,894
    Deferred
    $10,628
    Nontaxable benefits
    $6,187
    Filer's total
    $241,314

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments
BONUSES AWARDED FOR OUTSTANDING PERFORMANCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401359349305020

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.