Digital Data Exchange Llc C/o Sony Music

Nonprofit profile at a glance

EIN
204390497
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2128338166
Rating confidence
Limited
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$1,112,972
Expenses
$1,199,269
Assets
$731,724
Liabilities
$98,355

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

25 people listed

People named in this filing

  • KIM BEAUCHAMP CHAIR (EXECUTIVE BOARD MEMBER)
  • NICK WILLIAMSON CHAIR (EMERITUS & EXEC. BOARD MEMBER)
  • KIRIT JOSHI (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 50
  • Accountability: 70
  • Sustainability: 32
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -7.8%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 0.61; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 6.1% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 6.5% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 21 of 21 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 25 people listed
  • Highest-paid contractors: 1 contractor listed · $770K reported
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules · includes foreign activity
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Operating margin scored 20/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.