Digital Data Exchange Llc
- Assets
- $850.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2008
- Data as of
- 12/2022
- EIN
- 20-4390497
Organization Overview
Digital Data Exchange Llc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Digital Data Exchange Llc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Digital Data Exchange Llc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $983.6k during the year ending 12/2022. While expenses have increased by 6.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DDEX DEVELOPS & MAINTAINS DATA STANDARDS FOR EXCHANGE OF INFORMATION IN THE DIGITAL MEDIA MARKETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Beauchamp Chair Executive Board Member | OfficerTrustee | 2 | $0 |
Nick Williamson Chair Emeritus & Exec. Board Member | OfficerTrustee | 2 | $0 |
Kirit Joshi Treasurer | OfficerTrustee | 2 | $0 |
Greg Quillard Secretary | OfficerTrustee | 2 | $0 |
Paul Cohen Scali Executive Committee Member | Trustee | 2 | $0 |
Ed Oshanani Executive Committee Member Until 09/2022 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,065,718 |
| Investment income | $2,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,067,950 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $662,260 |
| Fees for services: Legal | $28,265 |
| Fees for services: Accounting | $3,484 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $71,753 |
| Office expenses | $7,452 |
| Information technology | $34,154 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $62,528 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,840 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,260 |
| All other expenses | $2,625 |
| Total functional expenses | $983,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $427,209 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $423,155 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $850,364 |
| Accounts payable and accrued expenses | $138,248 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $138,248 |
| Net assets without donor restrictions | $712,116 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $850,364 |