Soundexchange Inc

Washington, DC   |  WWW.SOUNDEXCHANGE.COM

Mission

See Schedule O

Ruling year info

2004

Principal Officer

MICHAEL J HUPPE

Main address

733 10th St NW Fl 10

Washington, DC 20001

EIN

76-0742496

NTEE code info

Business and Industry (S40)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

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Our programs

SOURCE: IRS Form 990

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Program 1

THE ORGANIZATION REPRESENTS RECORDING ARTISTS AND MASTER SOUND RECORDING RIGHTS OWNERS, INCLUDING MAJOR AND INDEPENDENT RECORD LABELS, FOR THE COLLECTION AND DISTRIBUTION OF ROYALTIES FOR PUBLIC PERFORMANCE OF THEIR WORK ON NON-INTERACTIVE DIGITAL RADIO SERVICES. IN THIS CAPACITY, SOUNDEXCHANGE: -DISTRIBUTED MORE THAN $6.9 BILLION DOLLARS IN ROYALTIES TO RECORDING ARTISTS AND RIGHTS OWNERS. -DISTRIBUTES ROYALTIES TO APPROXIMATELY 202,000 RECORDING ARTISTS', MASTER RIGHTS OWNERS' ACCOUNTS. -RECEIVED MORE THAN 34,000 RECORDING ARTIST OR MASTER RIGHTS OWNER ACCOUNT REGISTRATIONS IN 2019. -WITH AN ADMIN RATE OF 4.8% (AUDITED) FOR 2019, THE LOWEST ADMINISTRATIVE RATE OF ANY SOUND RECORDING CMO WORLDWIDE. -DISTRIBUTES ROYALTIES TO RECORDING ARTISTSMASTER RIGHTS OWNERS' ACCOUNTS ON A MONTHLY BASIS, AND WE CAN PAY OUT THE VAST MAJORITY OF ROYALTIES WITHIN 45 DAYS OF RECEIPT. -WE ARE ULTIMATELY ABLE TO DISTRIBUTE MORE THAN 96% OF ROYALTIES COLLECTED TO RECORDING ARTISTSMASTER RIGHTS OWNERS' ACCOUNTS.

Expenses
$0
Revenue
$0

Where we work

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Financials

Soundexchange Inc
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Operations

The people, governance practices, and partners that make the organization tick.

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This organization has no recorded board members.