Khan Lab School
- Assets
- $10.5m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 54
- Location
- Mountain View, CA
- Founding
- 02/2016
- Data as of
- 07/2021
- EIN
- 46-5742553
Organization Overview
Khan Lab School is located in Mountain View, CA. The organization was established in 2016. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2021, Khan Lab School employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Khan Lab School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2021, Khan Lab School generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $6.9m during the year ending 07/2021. While expenses have increased by 20.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KHAN LAB SCHOOL IS A COMMUNITY OF LEARNERS EMPOWERING EVERY STUDENT TO NAVIGATE THEIR OWN PATH. KHAN LAB SCHOOL WAS FOUNDED IN 2014 BY SALMAN "SAL" KHAN (FOUNDER OF KHAN ACADEMY) BASED ON THE VISION HE ARTICULATED IN HIS BOOK, THE ONE WORLD SCHOOLHOUSE: EDUCATION REIMAGINED. AS A LABORATORY SCHOOL, WE ARE DEDICATED TO RESEARCH-BASED INSTRUCTION AND FURTHERING INNOVATION IN EDUCATION. THANKS TO OUR ASSOCIATION WITH KHAN ACADEMY, WE ARE LEVERAGING THE POWER OF TECHNOLOGY TO BETTER PERSONALIZE THE CLASSROOM. WE STRIVE TO FIND THE RIGHT BALANCE BETWEEN HANDS-ON GUIDANCE AND CREATING SPACE FOR AUTONOMOUS LEARNING. BY CULTIVATING STRONG RELATIONSHIPS AS A COMMUNITY OF LEARNERS, WE CAN OFFER THE RIGHT SUPPORT AND TRULY EMPOWER EVERY STUDENT WITH THE SKILLS AND KNOWLEDGE NEEDED TO NAVIGATE THEIR OWN PATH AND BECOME LIFELONG LEARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KHAN LAB SCHOOL WAS FOUNDED IN 2014 BY SALMAN "SAL" KHAN (FOUNDER OF KHAN ACADEMY) BASED ON THE VISION FOR EDUCATION ARTICULATED IN HIS BOOK THE ONE WORLD SCHOOLHOUSE: EDUCATION REIMAGINED. AS A LABORATORY SCHOOL, WE ARE DEDICATED TO RESEARCH-BASED INSTRUCTION AND FURTHERING INNOVATION IN EDUCATION. THANKS TO OUR ASSOCIATION WITH KHAN ACADEMY, WE LEVERAGE THE POWER OF TECHNOLOGY TO BETTER PERSONALIZE THE CLASSROOM. KHAN LAB SCHOOL IS A FULL-YEAR, FULL-DAY, MASTERY-BASED PROGRAM WITHOUT THE ENCUMBRANCE OF LETTER GRADES. OUR CONSTANT IS MASTERY AND OUR VARIABLE IS THE TIME IN WHICH MASTERY TAKES FOR EACH STUDENT. WE STRIVE TO FIND THE RIGHT BALANCE BETWEEN HANDS-ON GUIDANCE AND SPACE FOR AUTONOMOUS LEARNING. KLS SERVES STUDENTS K-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel E Skiffer Head Of School | OfficerTrustee | 40 | $320,985 |
Kim Dow Executive Director Of High School | OfficerTrustee | 40 | $143,238 |
Sonia Cho Head Of Lower School | 40 | $122,400 | |
Chi-Ray Chien Head Of Ops/technology | 40 | $110,333 | |
Mikki Mcmillion Head Of Middle School | 40 | $100,712 | |
Salman Khan Founder & Board Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Troy Domier Builders Remodeling/leasehold Improvement & Expan | 8/30/17 | $473,579 |
Kurani Llc Architectural Services, Planning For Rem | 8/30/17 | $101,281 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $550,399 |
| All other contributions, gifts, grants, and similar amounts not included above | $698,970 |
| Noncash contributions included in lines 1a–1f | $8,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,249,369 |
| Total Program Service Revenue | $6,473,836 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,732,906 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $236,404 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $488,521 |
| Compensation of current officers, directors, key employees. | $60,277 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,279,538 |
| Pension plan accruals and contributions | $86,001 |
| Other employee benefits | $451,794 |
| Payroll taxes | $278,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,840 |
| Fees for services: Accounting | $155,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,835 |
| Advertising and promotion | $10,774 |
| Office expenses | $49,639 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $921,072 |
| Travel | $15,975 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $266,497 |
| Insurance | $28,921 |
| All other expenses | $123,509 |
| Total functional expenses | $6,879,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,199,953 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $250,000 |
| Accounts receivable, net | $3,046,548 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $240,944 |
| Net Land, buildings, and equipment | $591,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,821 |
| Total assets | $10,479,478 |
| Accounts payable and accrued expenses | $364,348 |
| Grants payable | $0 |
| Deferred revenue | $7,377,499 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,878 |
| Total liabilities | $7,746,725 |
| Net assets without donor restrictions | $2,143,232 |
| Net assets with donor restrictions | $589,521 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,479,478 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Khan Lab School has recieved totaling $177,457.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $67,250 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $56,475 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Impactassets Inc Bethesda, MD PURPOSE: K-8 | $25,000 |
Tahoe Family Foundation Palo Alto, CA PURPOSE: TO DEVELOP NEW, PERSONALIZED PRACTICES THAT CENTER AROUND THE STUDENT. WE BELIEVE THAT YOUNG PEOPLE ARE CAPABLE OF FAR MORE THAN SOCIETY CURRENTLY RECOGNIZES, AND WE CREATE AND TEST LEARNING EXPERIENCES TO SHARE WITH THE WORLD. | $1,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,210 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
Curtis School Foundation Los Angeles, CA | $75,927,733 | $19,348,920 |
Excel Academy Charter Schools San Marcos, CA | $11,403,735 | $18,058,297 |
Le Lycee Francais De Los Angeles Los Angeles, CA | $97,517,378 | $23,043,510 |
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Willows Community School Culver City, CA | $69,044,375 | $19,353,304 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |
Hawking Steam Charter Schools Inc Chula Vista, CA | $87,803,315 | $18,115,527 |
Stem Preparatory Schools Inc Los Angeles, CA | $15,250,781 | $22,306,511 |
San Jacinto Valley Academy Inc San Jacinto, CA | $34,100,540 | $18,923,540 |
Delphi Schools Inc Sheridan, OR | $68,746,624 | $17,868,394 |