EIN 76-0742496

SoundExchange

IRS 501(c) type
501(c)(6)
Num. employees
254
Year formed
2003
Most recent tax filings
2022-12-01
NTEE code, primary
Description
SoundExchange works at the center of digital music, developing business solutions to benefit the entire music industry. We collect & distribute digital performance royalties on behalf of more than 130,000 recording artists & master rights owners.
Total revenues
$80,022,837
2022
Total expenses
$76,735,490
2022
Total assets
$762,717,143
2022
Num. employees
254
2022

Program areas at SoundExchange

Soundexchange provides a full suite of innovative technology solutions for the entire music industry, serving labels, artists, producers, and publisher services. Independently formed in 2003 to build a fairer, simpler, and more efficient music industry, Soundexchange collects and distributes digital performance royalties on behalf of more than 613,000 recording artists and sound recording rights owners and growing. Through proprietary music tech solutions, Soundexchange transforms billions of lines of music streaming data into accurate and timely revenue, with 90% of royalties paid out within 45 days of receipt. Soundexchange has paid out more than $9 billion in royalties since its inception.

Who funds SoundExchange

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Corporation for Public BroadcastingOss$800,000

Personnel at SoundExchange

NameTitleCompensation
Michael HuppePresident and Chief Executive Officer$1,811,019
Anjula SinghChief Financial Officer and Chief Operating Officer$820,680
Esther Mireya TejedaChief Marketing and Comms Officer$492,224
Luis BonillaChief Technology Officer$492,096
Tommy KorpinenChief Business Development Officer
...and 21 more key personnel

Financials for SoundExchange

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$70,535,085
Investment income and dividends$7,152,648
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,335,104
Total revenues$80,022,837

Form 990s for SoundExchange

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-11-08990View PDF
2019-122021-06-08990View PDF
2018-122020-02-12990View PDF
...and 9 more Form 990s
Data update history
October 1, 2024
Updated personnel
Identified 11 new personnel
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $800,000 from Corporation for Public Broadcasting
December 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 28, 2023
Updated personnel
Identified 3 new personnel
December 24, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Trade associationsBusiness and community development organizations
Issues
Science and technologyBusiness and industry
Characteristics
Political advocacyOperates internationally
General information
Address
733 10th St NW 10th FL
Washington, DC 20001
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
soundexchange.com/ 
Phone
(202) 640-5858
Facebook page
SoundExchange 
Twitter profile
@soundexchange 
IRS details
EIN
76-0742496
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2003
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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