Overview
What is The Electric Company?
The Electric Company is a nonprofit organization situated in New York City, specifically at 1900 Broadway, New York, NY 10023. Its primary mission involves holding copyrights for the music used in the production of the educational television show, The Electric Company, which is produced by the Sesame Workshop, a renowned 501(c)(3) public charity. The Electric Company's copyrights cover music compositions registered with BMI, contributing to various programs produced by Sesame Workshop, such as Sesame Street.
Is The Electric Company legitimate?
The Electric Company is a legitimate nonprofit organization registered as a 501(c)(2) entity. The Electric Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Electric Company?
The Electric Company, as a primary exempt purpose, holds copyrights of music compositions registered with the United States' BMI, which are related to programs produced by Sesame Workshop, including Sesame Street. Their main mission is to safeguard these musical rights associated with the creation of The Electric Company, an educational television show produced by the non-profit organization Sesame Workshop, under the status of a Section 501(c)(3) public charity. The Electric Company's role is crucial in preserving the intellectual property of its music, contributing to the educational programming provided by Sesame Workshop.
Who is the CEO of The Electric Company?
Stephen Youngwood is the Ceo of The Electric Company. The CEO's salary of The Electric Company is $0 and their total compensation is $995,329.
What is the revenue of The Electric Company?
The Electric Company's revenue in 2022 was $157,359.
Who are the executives of The Electric Company and what are their salaries?
Here are 4 key members and their salaries (The Electric Company's CEO's salary is $0 and their total compensation is $995,329):
- Compensation: $0
- Related: $958,540
- Other: $36,789
- Compensation: $0
- Related: $505,264
- Other: $65,494
- Compensation: $0
- Related: $475,282
- Other: $67,967
- Compensation: $0
- Related: $775,430
- Other: $45,552
Where can I find the form 990 for The Electric Company?
The Electric Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Electric Company
The Electric Company, as a nonprofit organization, primarily focuses on holding the copyrights of music compositions related to the production of its educational television show. Registered with the Broadcast Music Incorporated (BMI), these copyrights are associated with programs produced by Sesame Workshop, a recognized 501(c)(3) public charity. The mission of The Electric Company is to safeguard the intellectual property rights of the music used in its productions, contributing to the educational programming provided by Sesame Workshop.
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Impact
October, 2024
The Electric Company plays a crucial role in preserving and managing music rights associated with educational programming, particularly the iconic "The Electric Company" series produced by Sesame Workshop. By holding copyrights for various music compositions, The Electric Company ensures that these creative works are legally protected and available for use, thereby supporting the educational mission of Sesame Workshop.
This management of music rights not only safeguards the artistic contributions of composers and artists but also enhances the quality of educational content provided to children. As an organization based in New York, The Electric Company's efforts contribute significantly to community improvement by fostering learning through music, which is a powerful tool for engaging young audiences. Ultimately, their work underpins the continued success and impact of both The Electric Company and Sesame Street in promoting literacy and social skills among children.
This information is meant to be a general summary of The Electric Company. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $157,359
- Gross Receipts: $157,359
Assets and Liabilities:
- Total Assets: $4,304,485
- Total Liabilities: $104,758
- Net Assets: $4,199,727
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSIC ROYALTIES
Revenue
$157,359
Organization Details
Founding Year
1972
Phone
(212) 595-3456Principal Officer
Stephen Youngwood
Main Address
1900 BROADWAY, NEW YORK, NY, 10023
NTEE Category
Code: S47 - Community improvement
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