Nonprofit · EIN 76-0742496
SOUNDEXCHANGE INC
Tax-exempt · WASHINGTON, DC 20001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $95,229,752 | $87,410,926 | $7,818,826 | $778,089,857 | $694,095,030 | $83,994,827 |
| December 31, 2023 | 990 | $99,235,665 | $81,387,347 | $17,848,318 | $818,772,709 | $745,527,864 | $73,244,845 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $66,605,595
- Investment income
- $26,526,821
- Other revenue
- $2,097,336
Expenses
- Grants and similar amounts paid
- $29,000
- Compensation of officers, directors and key employees
- $4,305,786
- Other salaries and wages
- $30,251,882
- Salaries, compensation and benefits (total)
- $41,208,044
- Professional fundraising fees
- $0
- Legal fees
- $2,758,960
- Accounting fees
- $302,003
- Occupancy
- $3,682,977
- Travel
- $1,391,024
- Depreciation
- $12,054,637
Balance sheet and other
- Total assets, start of year
- $818,772,709
- Total assets, end of year
- $778,089,857
- Total liabilities, end of year
- $694,095,030
- Net assets, end of year
- $83,994,827
- Land, buildings and equipment
- $31,869,767
- Publicly traded securities
- $410,955,666
- Net assets without donor restrictions
- $83,994,827
- Gross unrelated business income
- $1,015,915
- Gross receipts
- $95,229,752
- Employees
- 250
- Volunteers
- 17
- Year formed
- 2003
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL J HUPPE | PRESIDENT & CEO Officer | 40 | $1,905,327 | $55,090 |
| ANJULA SINGH | CFO & COO Officer | 40 | $944,352 | $32,926 |
| LUIS F HECTOR BONILLA | CTO Key employee | 40 | $654,641 | $53,068 |
| TIMOTHY A DADSON | GENERAL COUNSEL Officer | 40 | $607,313 | $53,068 |
| EMILY A FULP | SVP, EXEC. OFFICE & COMMUN Highest-paid employee | 40 | $495,182 | $53,038 |
| KATHLEEN STROUSE | SVP, OPERATIONS Highest-paid employee | 40 | $484,068 | $41,243 |
| PETER KARAFOTAS | SVP, GOV. REL. & CLIENT ENGAGEMENT Highest-paid employee | 40 | $439,257 | $52,814 |
| BRIEANNE E JACKSON | DEPUTY GENERAL COUNSEL Highest-paid employee | 40 | $411,360 | $49,931 |
| PAUL GILLS | SVP, OPS. & CLIENT ENGAGEMENT Highest-paid employee | 40 | $415,995 | $43,314 |
| AARON HARRISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALASDAIR MCMULLAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARIUS VAN ARMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID BYRNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DUNCAN CRABTREE-IRELAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY L COOPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF WALKER | DIRECTOR Trustee or director | 1 | $0 |
| JESSICA GOLDENBERG | DIRECTOR Trustee or director | 1 | $0 |
| JON GLASS | DIRECTOR Trustee or director | 1 | $0 |
| LAURIE SORIANO | DIRECTOR Trustee or director | 1 | $0 |
| MARTHA REEVES | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL HAUSMAN | DIRECTOR Trustee or director | 1 | $0 |
| MITCH GLAZIER | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK RAINS | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD BURGESS | DIRECTOR Trustee or director | 1 | $0 |
| TINO GAGLIARDI | DIRECTOR Trustee or director | 1 | $0 |
| VICTOR ZARAYA | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL J HUPPE | PRESIDENT & CEO Officer | 40 | $1,870,480 | $51,445 |
| ANJULA SINGH | CFO & COO Officer | 40 | $870,884 | $31,042 |
| LUIS F HECTOR BONILLA | CTO Key employee | 40 | $620,431 | $49,420 |
| TIMOTHY A DADSON | GENERAL COUNSEL Officer | 40 | $580,208 | $30,906 |
| TOMMY KORPINEN | CHIEF BUSINESS DEVELOPMENT OFFICER Highest-paid employee | 40 | $558,848 | $38,225 |
| EMILY A FULP | SVP, EXEC. OFFICE & COMMUNICATIONS Highest-paid employee | 40 | $398,408 | $48,998 |
| BRIEANNE E JACKSON | DEP. GEN. COUNSEL LIC & ENF Highest-paid employee | 40 | $400,610 | $46,540 |
| BARRY LEVINE | VP, STRATEGIC PARTNERSHIP Highest-paid employee | 40 | $400,076 | $39,357 |
| PAUL GILLS | SVP, OPS. & CLIENT ENGAGEMENT Highest-paid employee | 40 | $386,623 | $42,057 |
| ALASDAIR MCMULLAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREA FINKELSTEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARIUS VAN ARMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID BYRNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DUNCAN CRABTREE-IRELAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY L COOPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSICA GOLDENBERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JON GLASS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURIE SORIANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARTHA REEVES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL HAUSMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MITCH GLAZIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICK RAINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAY HAIR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD BURGESS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VICTOR ZARAYA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENDALL MINTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 733 10TH STREET NW 10TH FLOOR, WASHINGTON, DC 20001-4888
- In care of
- % SARAH GRIFFIN
- Principal officer (990 for 2024)
- MICHAEL J HUPPE, 733 10TH ST NW 10TH FL, WASHINGTON, DC 20001
- Signed the 990
- ANJULA SINGH, CFO & COO
- Phone
- (202) 640-5858
- Website
- WWW.SOUNDEXCHANGE.COM
- Return prepared by
- KPMG LLP
Mission
SEE SCHEDULE O
Program accomplishments
- SOUNDEXCHANGE PROVIDES A FULL SUITE OF INNOVATIVE TECHNOLOGY SOLUTIONS FOR THE ENTIRE MUSIC INDUSTRY, SERVING LABELS, ARTISTS, PRODUCERS, AND PUBLISHERS. 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 749,000 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 $11 BILLION TO CREATORS SINCE ITS INCEPTION.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 76-0742496
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $778,089,857
- Income (IRS master file)
- $95,229,752
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $95,229,752 | $87,410,926 | $778,089,857 | XML |
| 990 | December 2023 | $99,235,665 | $81,387,347 | $818,772,709 | XML |
| 990 | December 2022 | $80,022,837 | $76,735,490 | $762,717,143 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 76-0742496).
Questions about SOUNDEXCHANGE INC
- What is the EIN of SOUNDEXCHANGE INC?
- The employer identification number (EIN) of SOUNDEXCHANGE INC is 76-0742496.
- Is SOUNDEXCHANGE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2004.
- Are donations to SOUNDEXCHANGE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUNDEXCHANGE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUNDEXCHANGE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUNDEXCHANGE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOUNDEXCHANGE INC?
- The 990 for the year ended December 31, 2024 names MICHAEL J HUPPE.
- Who are the officers and directors of SOUNDEXCHANGE INC?
- The 990 for the year ended December 31, 2024 lists 26 people; 9 received compensation from the organization, the highest $1,905,327 (MICHAEL J HUPPE, PRESIDENT & CEO).
- How much revenue does SOUNDEXCHANGE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $95,229,752, expenses of $87,410,926 and total assets of $778,089,857 at year end.
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All nonprofits in WASHINGTON · District of Columbia · Community improvement and capacity building