Civic Intelligence

Digital Data Exchange LLC C/O Sony Music

990 • Fiscal year 2012 • EIN 20-4390497

Jan 01, 2012 to Dec 31, 2012 • Filed on May 07, 2013

550 Madison Avenue10022
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

49th percentile

0.10x

Higher debt load relative to assets than 49% of similar nonprofits.

2012 filings • NTEE S • $500k-$1M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

36th percentile

-2.6%

Faster asset growth than 36% of similar nonprofits.

2012 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$407,961

Down $11,006 (-2.6%) from 2011

Net Assets

Down

$367,485

Down $41,110 (-10%) from 2011

Liabilities

Up

$40,476

Up $30,104 (+290%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$618,504

Up $16,698 (+2.8%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $418,967Liabilities 2011: $10,372Net Assets 2011: $408,5952011Assets 2012: $407,961Liabilities 2012: $40,476Net Assets 2012: $367,4852012Assets 2013: $438,814Liabilities 2013: $8,188Net Assets 2013: $430,6262013Assets 2014: $435,907Liabilities 2014: $44,824Net Assets 2014: $391,0832014Assets 2015: $424,933Liabilities 2015: $86,468Net Assets 2015: $338,4652015Assets 2016: $387,747Liabilities 2016: $50,395Net Assets 2016: $337,3522016Assets 2017: $448,589Liabilities 2017: $49,569Net Assets 2017: $399,0202017Assets 2018: $570,617Liabilities 2018: $142,113Net Assets 2018: $428,5042018Assets 2019: $542,995Liabilities 2019: $199,724Net Assets 2019: $343,2712019Assets 2020: $582,889Liabilities 2020: $162,691Net Assets 2020: $420,1982020Assets 2021: $722,722Liabilities 2021: $88,216Net Assets 2021: $634,5062021Assets 2022: $850,364Liabilities 2022: $138,248Net Assets 2022: $712,1162022Assets 2023: $910,935Liabilities 2023: $191,269Net Assets 2023: $719,6662023Assets 2024: $731,724Liabilities 2024: $98,355Net Assets 2024: $633,3692024

Highlighted filing

2012

Assets$407,961
Liabilities$40,476
Net Assets$367,485

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $601,8062011Expenses 2012: $618,5042012Revenue 2013: $592,786Expenses 2013: $529,645Net Income 2013: $63,1412013Revenue 2014: $550,598Expenses 2014: $590,141Net Income 2014: -$39,5432014Revenue 2015: $596,026Expenses 2015: $640,195Net Income 2015: -$44,1692015Revenue 2016: $631,652Expenses 2016: $632,765Net Income 2016: -$1,1132016Revenue 2017: $731,878Expenses 2017: $670,210Net Income 2017: $61,6682017Revenue 2018: $838,051Expenses 2018: $808,567Net Income 2018: $29,4842018Revenue 2019: $948,313Expenses 2019: $1,033,546Net Income 2019: -$85,2332019Revenue 2020: $973,580Expenses 2020: $894,333Net Income 2020: $79,2472020Revenue 2021: $1,019,358Expenses 2021: $806,100Net Income 2021: $213,2582021Revenue 2022: $1,067,950Expenses 2022: $983,621Net Income 2022: $84,3292022Revenue 2023: $1,068,643Expenses 2023: $1,060,851Net Income 2023: $7,7922023Revenue 2024: $1,112,972Expenses 2024: $1,199,269Net Income 2024: -$86,2972024

Highlighted filing

2012

Revenue-
Expenses$618,504
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 7, 2013
Return Version
2012v2.1
Gross Receipts
$577,394
Mission and Program Overview

Mission

Digital Data Exchange, LLC (DDEX) is organized to explore, develop and maintain a robust framework of data exchange standards for the exchange of information relating to digital media content (which expressly does not include the development of standardized copy of content protection schemes, copyright protection schemes, codes or other supporting technology), with the initial focus being on music and music-related assets. Standards will be developed to improve the efficiency of information sharing and transaction processing (such as usage reporting and similar activities) between business entities operating in the digital media content supply chain. DDEX will promote, through the creating of publicity material, the holding of training seminars and the like, global awareness and compliant implementation of those standards. DDEX shall not as a consequence of these activities involve itself in the administration of the licensing of media content and rights.

Filing and Contact Details

Filer

EIN
20-4390497
Raw XML AppendixShowing 400 of 416 raw XML fields

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IRS990/Description0DDEX continued to develop standard XML message formats for the communication of information up and down the digital music supply chain, releasing updates of several of its standards. In addition DDEX published a new standard for the communication or information between music licensing companies. Lastly, DDEX continued to develop and publish "sub-set" standards called Business and Release Profiles which were specifically aimed at making implementation of the standards more straight forward. DDEX held three well attended Plenary Meetings during which work was carried out to progress the standards development and in-between through telephone and web conferences. DDEX also carried out a number of events to promote the adoption of its standards and encourage companies to become members and thus involved in future development of the standards. These took place at regular times throughout the year in cities in Europe and North America. All these activities have seen a continued growth in membership to about 70 individuals and organizations. DDEX continued to build relationships with other standards and trade organizations representing media types other than music, including audio-visual and text. Given the convergence of technology and the business models it supports the need for co-operation on these technical issues is vital.
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IRS990/MissionDescription0Digital Data Exchange, LLC (DDEX) is organized to explore, develop and maintain a robust framework of data exchange standards for the exchange of information relating to digital media content (which expressly does not include the development of standardized copy of content protection schemes, copyright protection schemes, codes or other supporting technology), with the initial focus being on music and music-related assets. Standards will be developed to improve the efficiency of information sharing and transaction processing (such as usage reporting and similar activities) between business entities operating in the digital media content supply chain. The Company will promote, through the creating 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 media content and rights.
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IRS990ScheduleO/GeneralExplanation/Explanation0The DDEX Board of Directors agrees an annual budget that includes an estimate of Rightscom's fees for each year. On a four-month cycle, Rightscom submits a work plan to the Board which matches the available financial resources against a Board prioritised list of activities.
IRS990ScheduleO/GeneralExplanation/Explanation1On February 28th, 2012, the Board of Directors approved a Second Amendment to the First Amended and Restated Operating Agreement of 10th January 2010. The Second Amendment recognized the resignation of two Charter Members, introduced a revised definition of "Affiliate" and related consequential changes, the introduction of definitions for "Electronic Signature" and "Implementation Services" and associated consequential changes, and enabled Members and Members offering Implementation Services to display a DDEX prepared logo on their websites provided that such logo links through to the DDEX website.
IRS990ScheduleO/GeneralExplanation/Explanation2DDEX has the following types of members: Charter Member, Full Member, and Associate Member.
IRS990ScheduleO/GeneralExplanation/Explanation3Each Charter Member shall (a) be entitled to elect or appoint, at its sole discretion, a named individual as representative to the Board of Directors; such representative to (i) serve at the discretion of the respective Charter Member; (ii) cast one (1) vote on behalf of the Charter Member in its capacity as a member of the Board of Directors and (iii) be entitled to choose one additional individual, also employed by the Charter Member, to attend meetings of the Board of Directors without any voting rights associated therewith; (b) pay the applicable Membership Dues for Charter Members, (c) be entitled to one (1) vote in each Working Group, (d) be eligible to provide a representative to act as chairman of each Working Group, if so appointed by the Board of Directors and (e) be eligible to send representatives to any Plenary Meeting.
IRS990ScheduleO/GeneralExplanation/Explanation4DDEX has no committee with authority to act on behalf of the governing body.
IRS990ScheduleO/GeneralExplanation/Explanation5The draft Form 990 is provided to Rightscom, Ltd., the Organization that is retained by DDEX to perform administrative and technical development support services, for review and is then presented to the DDEX Board of Directors for authorization before it is filed with the Internal Revenue Service.
IRS990ScheduleO/GeneralExplanation/Explanation6The DDEX Board of Directors consists equally of organizations that represent three different sectors of the digital music industry, namely music rights societies, record companies and digital music service providers. Critical decisions relating to licensing and fee setting, compliance rules, revision of membership dues, resource allocation, financial management and budget approval and appointment of a registration authority require a "super-majority" vote of the Board of Directors. A super-majority vote is "an affirmative vote of more than eighty percent (80%) of the total number of Persons entitled to vote".
IRS990ScheduleO/GeneralExplanation/Explanation7No documents are available to the public.
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section A, line 4
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section A, line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Section B, line 12
IRS990ScheduleO/GeneralExplanation/ReturnReference7Form 990, Part VI, Section C, line 19
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0DE
IRS990/StatesWhereCopyOfReturnIsFiled0NY
IRS990/SubjectToProxyTax01
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10550 Madison Avenue
IRS990/TheBooksAreInCareOf/AddressUS/City0New York
IRS990/TheBooksAreInCareOf/AddressUS/State0NY
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode010022
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10Kirit Joshi
IRS990/TheBooksAreInCareOf/TelephoneNumber02128338166
IRS990/TotalAssets/BOY0418967
IRS990/TotalAssetsBOY0418967
IRS990/TotalAssets/EOY0407961
IRS990/TotalAssetsEOY0407961
IRS990/TotalCompGT150K00
IRS990/TotalExpensesCurrentYear0618504
IRS990/TotalExpensesPriorYear0601806
IRS990/TotalFunctionalExpenses/Total0618504
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY010372
IRS990/TotalLiabilitiesBOY010372
IRS990/TotalLiabilities/EOY040476
IRS990/TotalLiabilitiesEOY040476
IRS990/TotalLiabNetAssetsFundBalances/BOY0418967
IRS990/TotalLiabNetAssetsFundBalances/EOY0407961
IRS990/TotalNbrEmployees00
IRS990/TotalNbrVolunteers024
IRS990/TotalNetAssetsFundBalances/BOY0408595
IRS990/TotalNetAssetsFundBalances/EOY0367485
IRS990/TotalOtherCompensation00
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceRevenue0577209
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg00
IRS990/TotalRevenueCurrentYear0577394
IRS990/TotalRevenue/ExclusionAmount0185
IRS990/TotalRevenuePriorYear0619741
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0577209
IRS990/TotalRevenue/TotalRevenueColumn0577394
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/Travel/Total024140
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UnrestrictedNetAssets/BOY0408595
IRS990/UnrestrictedNetAssets/EOY0367485
IRS990/UponRequest0X
IRS990/WebSite0www.ddex.net
IRS990/WhistleblowerPolicy00
IRS990/YearFormation02006
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/Filer/EIN0204390497
ReturnHeader/Filer/Name/BusinessNameLine10Digital Data Exchange LLC
ReturnHeader/Filer/NameControl0DIGI
ReturnHeader/Filer/Phone02128338166
ReturnHeader/Filer/USAddress/AddressLine10550 Madison Avenue
ReturnHeader/Filer/USAddress/City0New York
ReturnHeader/Filer/USAddress/State0NY
ReturnHeader/Filer/USAddress/ZIPCode010022
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-05-07
ReturnHeader/Officer/Name0Kirit Joshi

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.10$0.63$1.11$1.20$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.91$0.19$0.72$1.07$1.06$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.85$0.14$0.71$1.07$0.98$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.72$0.09$0.63$1.02$0.81$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.16$0.42$0.97$0.89$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.54$0.20$0.34$0.95$1.03$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.57$0.14$0.43$0.84$0.81$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.45$0.05$0.40$0.73$0.67$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.39$0.05$0.34$0.63$0.63$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.42$0.09$0.34$0.60$0.64$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.44$0.04$0.39$0.55$0.59$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.44$0.01$0.43$0.59$0.53$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.04$0.37$0.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.01$0.41$0.60