DIGITAL DATA EXCHANGE LLC C/O SONY MUSIC

EIN: 204390497 Community Improvement

NEW YORK, NY

Total Revenue
$1,112,972
Total Expenses
$1,199,269
Total Assets
$731,724
Net Assets
$633,369
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
DE
Principal Officer
DANIEL SIMPSON
Phone
2128338166
Tax Period
2024-01-01 to 2024-12-31

DIGITAL DATA EXCHANGE LLC C/O SONY MUSIC, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024.

Mission

DIGITAL DATA EXCHANGE, LLC (DDEX) IS ORGANIZED TO DEVELOP STANDARDS RELATING TO METADATA CREATION AND MANAGEMENT, IDENTIFICATION OF ENTITIES AND THE COMMUNICATION OF SUCH INFORMATION IN RELATION TO MEDIA RIGHTS, AGREEMENTS AND CONTENT TO ENABLE A HIGHLY AUTOMATED, TIMELY AND COST-EFFECTIVE TRANSACTION PROCESSING ENVIRONMENT PROVIDING THE HIGHEST POSSIBLE LEVEL OF OPERATIONAL EFFICIENCY AMONGST PARTICIPANTS IN THE PHYSICAL AND DIGITAL MEDIA VALUE CHAIN (WHICH EXPRESSLY DOES NOT INCLUDE THE DEVELOPMENT OF STANDARDIZED COPY OR CONTENT PROTECTION SCHEMES, COPYRIGHT PROTECTION SCHEMES, CODECS OR OTHER SUPPORTING TECHNOLOGY). THE COMPANY WILL PROMOTE, THROUGH THE CREATION OF PUBLICITY MATERIAL, THE HOLDING OF TRAINING SEMINARS AND THE LIKE, GLOBAL AWARENESS AND COMPLIANT IMPLEMENTATION OF THOSE STANDARDS. THE COMPANY SHALL NOT AS A CONSEQUENCE OF THESE ACTIVITIES INVOLVE ITSELF IN THE ADMINISTRATION OF THE LICENSING OF ANY KIND OF MEDIA CONTENT AND/OR RIGHTS.

Program Service Accomplishments

Program 1

DDEX CONTINUED TO DEVELOP STANDARD MESSAGE FORMATS FOR THE COMMUNICATION OF INFORMATION UP AND DOWN THE DIGITAL MUSIC VALUE CHAIN, PUBLISHING THREE NEW STANDARDS INCLUDING THE RECORDING DATA AND...

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DDEX CONTINUED TO DEVELOP STANDARD MESSAGE FORMATS FOR THE COMMUNICATION OF INFORMATION UP AND DOWN THE DIGITAL MUSIC VALUE CHAIN, PUBLISHING THREE NEW STANDARDS INCLUDING THE RECORDING DATA AND RIGHTS NOTIFICATION, THE PARTY IDENTIFICATION AND ENRICHMENT, AND THE RECORDING INFORMATION NOTIFICATION AND AN UPDATE OF THE MEDIA ENRICHMENT AND DESCRIPTION. DDEX HELD TWO VIRTUAL PLENARY MEETINGS IN APRIL AND NOVEMBER WITH SESSION HELD AT DIFFERENT TIMES TO ACCOMMODATE ITS MEMBERS IN BOTH THE EASTERN AND WESTERN HEMISPHERES. DDEX ALSO HELD A VIRTUAL BIG SUMMIT WHICH BROUGHT TOGETHER LEADING THINKERS IN THE INDUSTRY TO DISCUSS THE PRESSING ISSUES ASSOCIATED WITH OPERATIONS IN THE DIGITAL MUSIC INDUSTRY. REPRESENTATIVES REGULARLY APPEARING AT VIRTUAL CONFERENCES TO DISCUSS THE BROADER ISSUES ASSOCIATED WITH METADATA MANAGEMENT IN THE DIGITAL MUSIC INDUSTRY. DDEX CONTINUED TO BUILD RELATIONSHIPS WITH OTHER STANDARDS AND TRADE ORGANIZATIONS REPRESENTING MEDIA TYPES OTHER THAN MUSIC AND OTHER ORGANISATIONS WITH AN INTEREST IN DDEX. THESE INCLUDED THE INTERNATIONAL CONFEDERATION OF MUSIC PUBLISHERS (ICMP), INTERNATIONAL STANDARD NAME IDENTIFIER (ISNI) AND NATIONAL INDEPENDENT VENUE ASSOCIATION (NIVA). DDEX CONTINUED PROVIDING REGULAR WEBINARS TO EXPLAIN ITS STANDARDS TO NON-MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,102,509
Investment Income $10,463
Other Revenue $0
TOTAL REVENUE $1,112,972

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,199,269
TOTAL EXPENSES $1,199,269

Year-over-Year Comparison

2024 2023 Change
Revenue $1,112,972 $1,068,643 +0.0%
Expenses $1,199,269 $1,060,851 +0.1%
Net Income $-86,297 $7,792 -12.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
21
Independent Members
21
Employees
N/A
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$0
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM BEAUCHAMP CHAIR EXECUTIVE BOARD MEMBER 2.00
Officer Director
$0 $0 $0
NICK WILLIAMSON CHAIR EMERITUS & EXEC. BOARD MEMBER 2.00
Officer Director
$0 $0 $0
KIRIT JOSHI TREASURER 2.00
Officer Director
$0 $0 $0
GREG QUILLARD SECRETARY UNTIL 09/2024 2.00
Officer Director
$0 $0 $0
NICK LEHMAN EXECUTIVE BOARD MEMBER 2.00
Officer Director
$0 $0 $0
PAUL COHEN SCALI EXECUTIVE BOARD MEMBER 2.00
Officer Director
$0 $0 $0
DAN SIMPSON EXECUTIVE BOARD MEMBER 1.00
Officer Director
$0 $0 $0
JOSIAH ALBERTSEN BOARD MEMBER 1.00
Director
$0 $0 $0
TOM ALLEN BOARD MEMBER 1.00
Director
$0 $0 $0
LUIS BONILLI BOARD MEMBER 1.00
Director
$0 $0 $0
BRIGETTE BOYLE BOARD MEMBER 1.00
Director
$0 $0 $0
BOB BRUDERMAN BOARD MEMBER UNTIL 09/2024 1.00
Director
$0 $0 $0
SCOTT BURN BOARD MEMBER 1.00
Director
$0 $0 $0
LESLIE CHAN BOARD MEMBER 1.00
Director
$0 $0 $0
JILL CHAPMAN BOARD MEMBER 1.00
Director
$0 $0 $0
SHOUVIK DAS BOARD MEMBER 1.00
Director
$0 $0 $0
MARK DOUGLAS BOARD MEMBER 1.00
Director
$0 $0 $0
TILL EVERT BOARD MEMBER 1.00
Director
$0 $0 $0
LAURENT FRADIN BOARD MEMBER UNTIL 01/2024 1.00
Director
$0 $0 $0
FRANK KRUYER BOARD MEMBER 1.00
Director
$0 $0 $0
MARIE-CHARLOTTE LACHAIZE BOARD MEMBER 1.00
Director
$0 $0 $0
JAKUE LOPEZ BOARD MEMBER 1.00
Director
$0 $0 $0
TC PAN BOARD MEMBER 1.00
Director
$0 $0 $0
MARINA RACCANI BOARD MEMBER 1.00
Director
$0 $0 $0
MANAN VOHRA BOARD MEMBER UNTIL 04/2024 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,112,972 $1,199,269 $731,724 $-86,297
2023 $1,068,643 $1,060,851 $910,935 $7,792
2022 $1,067,950 $983,621 $850,364 $84,329
2021 $1,019,358 $806,100 $722,722 $213,258
2020 $973,580 $894,333 $582,889 $79,247
2019 $948,313 $1,033,546 $542,995 $-85,233
2018 $838,051 $808,567 $570,617 $29,484
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