Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
82 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
21 people listed on the 990; $3.6M paid to officers and key staff.
Stephanie Khurana’s $538K as President and CEO is at the 91st percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Anant Agarwal | — | — | — | $1,136,959 | $917,214 | $698,809 |
| Johannes Heinlein | — | — | — | $651,472 | $491,677 | $420,298 |
| Adam Medros | — | — | — | $205,562 | $642,803 | $525,575 |
| Jean-Philippe Beaudry | — | — | — | $642,427 | $439,100 | — |
| Stephanie Brocoum | — | — | — | $617,368 | $437,164 | — |
| Nell Ma'luf | $429,723 | $424,611 | $469,551 | $612,385 | $373,489 | $313,560 |
| Stephanie Khurana | $537,662 | $397,497 | — | — | — | — |
| Lauren Holliday | — | — | — | $494,570 | $369,828 | $283,367 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Improves learning access and effectiveness for underserved students to boost their success.
Questions for Axim Collaborative INC
Your first name shows with your question. Axim Collaborative INC answers here, for everyone.
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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
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
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $685.8M | $28.9M |
| InvestmentsLn 11–13 | $60.2M | $775.7M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $749.8M | $808.2M |
| LiabilitiesLn 26 | $1.5M | $2.4M |
| Net assetsLn 32 | $748.3M | $805.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $9.3M | $9.3M | ||
| Benefits paid to or for membersLn 4 | $0 | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $2.6M | $2.0M | $604K | |
| Other salaries and wagesLn 7 | $2.8M | $2.4M | $411K | |
| Pension plan contributionsLn 8 | $455K | $364K | $92K | |
| Other employee benefitsLn 9 | $537K | $366K | $171K | |
| Payroll taxesLn 10 | $351K | $338K | $13K | |
| Legal feesLn 11b | $136K | $136K | ||
| Accounting feesLn 11c | $265K | $265K | ||
| Investment management feesLn 11f | $655K | $655K | ||
| Other fees for servicesLn 11g | $4.3M | $3.7M | $650K | $0 |
| Office expensesLn 13 | $83K | $7K | $76K | |
| OccupancyLn 16 | $306K | $266K | $40K | |
| TravelLn 17 | $139K | $136K | $3K | |
| Conferences, conventions and meetingsLn 19 | $637K | $636K | $351 | |
| InsuranceLn 23 | $65K | $65K | ||
| Other expenses (24a–d)Ln 24 | $1.1M | $37K | $1.0M | |
| All other expensesLn 24e | $0 | $0 | $0 | $0 |
| Total functional expensesLn 25 | $23.8M | $19.6M | $4.2M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $25.0M | $23.8M | $1.2M | $805.7M | 990 PDF |
| FY2024 | $30.1M | $16.9M | $13.2M | $748.3M | 990 PDF |
| FY2023 | $15.4M | $9.2M | $6.2M | $734.4M | 990 PDF |
| FY2022 | $834.6M | $56.8M | $777.8M | $718.2M | 990 PDF |
| FY2021 | $97.5M | $131.9M | −$34.4M | −$57.9M | 990 PDF |
| FY2020 | $84.7M | $101.8M | −$17.2M | −$14.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $24,955,259 revenue, 12 lines filed
Part VI · Governance 1 of 8 board members independent, 1 to look at
Part VIII · Statement of revenue $24,955,259 across 6 lines filed
Part IX · Statement of functional expenses $23,773,479 across 18 lines filed
Part X · Balance sheet $808,189,361 assets, 16 lines filed
Part XI · Reconciliation of net assets $805,741,198 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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