Khan Lab School
- Assets
- $21.5m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 80
- Location
- Mountain View, CA
- Founding
- 02/2016
- Data as of
- 07/2023
- 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 07/2023, Khan Lab School employed 80 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 07/2023, Khan Lab School generated $9.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $9.4m during the year ending 07/2023. While expenses have increased by 19.5% per year over the past 8 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
2023
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL PROGRAMING - 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 |
|---|---|---|---|
Kim Dow Executive Dir. | Officer | 40 | $407,264 |
Jessica Peters Head Of Lower Sch | 40 | $130,301 | |
Leo Lin Science Specialist | 40 | $115,410 | |
Melissa Blanco Academic Director | 40 | $116,165 | |
Jennifer Chapa Dir Of Admiss | 40 | $107,062 | |
Mikki Mcmillion Head Of Middle Sch | 40 | $111,293 |
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 |
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 | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,290 |
| Noncash contributions included in lines 1a–1f | $4,118 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,290 |
| Total Program Service Revenue | $8,933,037 |
| Investment income | $12,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,128 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,358,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $227,028 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $565,182 |
| Compensation of current officers, directors, key employees. | $516,276 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,049,231 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $849,466 |
| Payroll taxes | $342,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $517,360 |
| Advertising and promotion | $54,337 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,655,006 |
| Travel | $0 |
| 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 | $337,336 |
| Insurance | $36,225 |
| All other expenses | $169,453 |
| Total functional expenses | $9,437,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,537,343 |
| Savings and temporary cash investments | $4,236,403 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,006,459 |
| 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 | $148,583 |
| Net Land, buildings, and equipment | $764,921 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,855,278 |
| Total assets | $21,548,987 |
| Accounts payable and accrued expenses | $417,967 |
| Grants payable | $0 |
| Deferred revenue | $9,671,310 |
| 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 | $7,731,788 |
| Total liabilities | $17,821,065 |
| Net assets without donor restrictions | $3,026,772 |
| Net assets with donor restrictions | $701,150 |
| 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 | $21,548,987 |