Overview
What is Soundexchange Inc?
Soundexchange Inc, located at the heart of digital music, is a pioneering music technology organization. Their primary focus is on creating beneficial business solutions for the entire music industry. With a significant roster of over 130,000 recording artists and master rights owners, they serve as a key intermediary, collecting and distributing digital performance royalties on their behalf.
Official website here: www.soundexchange.com
Is Soundexchange Inc legitimate?
Soundexchange Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Soundexchange 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $4,282,356
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,442,202
For more financial information, click here
Official website here: www.soundexchange.com
What is the mission statement of Soundexchange Inc?
Soundexchange Inc is a leading technology organization in the music industry, with a mission to facilitate digital music solutions that benefit all parties involved. They act as an intermediary, collecting and distributing digital performance royalties for over 130,000 recording artists and master rights owners. By doing so, Soundexchange Inc plays a significant role in ensuring fair compensation for those whose work is streamed or played digitally. Their primary focus is to promote a thriving and equitable digital music ecosystem.
Official website here: www.soundexchange.com
Who is the CEO of Soundexchange Inc?
Michael J Huppe is the President & Ceo of Soundexchange Inc. The CEO's salary of Soundexchange Inc is $1,811,019 and their total compensation is $1,858,148.
Official website here: www.soundexchange.com
What is the revenue of Soundexchange Inc?
Who are the executives of Soundexchange Inc and what are their salaries?
The average compensation at Soundexchange Inc during 2022 was $109,152. There are 254 employees and 18 volunteers at Soundexchange Inc.
Here are 29 key members and their salaries (Soundexchange Inc's CEO's salary is $1,811,019 and their total compensation is $1,858,148):
- Michael J Huppe (President & Ceo)
- Anjula Singh (Cfo & Coo)
- Scott D Day (Chief Technology Officer)
- Timothy A Dadson (General Counsel)
- Luis F Hector Bonilla (Chief Technology Officer)
- Brieanne E Jackson (Deputy General Counsel)
- Paul Gills (Svp, Publisher Services, Operations)
- Michael Levi (Vp, Finance)
- Barry Levine (Vp, Strategic Partnerships)
- Linda Bloss-Baum (Svp, Govt Relations & Public Policy)
- Charles C Rushing (Chief Legal Officer)
- David Byrne (Director)
- Jay L Cooper (Director)
- Duncan Crabtree-Ireland (Director)
- Andrea Finkelstein (Director)
- Ray Hair (Director)
- Alasdair Mcmullan (Director)
- Michael Hausman (Director)
- Mitch Glazier (Director)
- Kendall Minter (Director)
- Richard Burgess (Director)
- Patrick Rains (Director)
- Martha Reeves (Director)
- Jessica Goldenberg (Director)
- Jon Glass (Director)
- Laurie Soriano (Director)
- Darius Van Arman (Director)
- Jeff Walker (Director)
- Victor Zaraya (Director)
Official website here: www.soundexchange.com
Where can I find the form 990 for Soundexchange Inc?
The Soundexchange Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.soundexchange.com
Learn more at the official website: www.soundexchange.com
Mission Statement of Soundexchange Inc
SoundExchange, the premier music tech organization, operates at the heart of the digital music industry. With a mission to benefit the entire music ecosystem, SoundExchange collects and distributes digital performance royalties to over 130,000 recording artists and master rights owners. By working diligently to develop innovative business solutions, SoundExchange ensures fair compensation for those whose work is streamed and downloaded online. These valuable royalties help artists and rights owners sustain their careers and continue creating music for audiences around the world.
Impact
This information is meant to be a general summary of Soundexchange Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
SoundExchange Inc, as a premier music tech organization, has a significant impact on the music industry by collecting and distributing digital performance royalties on behalf of over 130,000 recording artists and master rights owners. Through its work at the center of digital music, SoundExchange plays a crucial role in developing business solutions that benefit the entire music industry. Its efforts help ensure that artists receive fair compensation for their work and contribute to the sustainability of the music ecosystem.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROYALTY COLLECTION
Revenue
$54,933,479
UNCLAIMED FUNDS
Revenue
$11,780,045
BAD DEBT RECOVERY
Revenue
$2,545,150
COST RECOVERY FEES
Revenue
$1,276,411
Organization Details
Founding Year
2003
Phone
(202) 640-5858
Principal Officer
Michael J Huppe
Main Address
733 10TH ST NW 10TH FL, WASHINGTON, DC, 20001
Website
www.soundexchange.com
NTEE Category
Code: S41 - Community improvement
If you are a representative of Soundexchange Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.