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Nonprofiteer
← ELECTRIC CO

Form 990 for tax year 2023

Filed by ELECTRIC CO.

Totals

Total revenue
$192,772
Total expenses
$8,545
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$192,772
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,632,386
Total liabilities, end of year
$28,728
Net assets or fund balances, end of year
$4,603,658
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MUSIC ROYALTIES

    total $192,772 · related or exempt $192,772

Functional expenses

Part IX, the statement of functional expenses.

  • 15 · Royalties

    total $8,235

  • 24a · Other expenses: REGISTRATION FEES

    total $310

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $37,750 · end of year $39,000

  • 15 · Other assets

    beginning of year $4,420,501 · end of year $4,593,386

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,820 · end of year $28,728

  • 27 · Net assets without donor restrictions

    beginning of year $4,419,431 · end of year $4,603,658

Mission and programs · 2023

Mission

THE ELECTRIC COMPANY'S PRIMARY EXEMPT PURPOSE IS TO HOLD COPYRIGHTS OF MUSIC COMPOSITIONS THAT ARE REGISTERED IN THE UNITED STATES WITH BMI AND ARE RELATED TO PROGRAMS PRODUCED BY SESAME WORKSHOP INCLUDING SESAME STREET.

Activities or mission (Part I)

TO HOLD MUSIC RIGHTS RELATED TO THE PRODUCTION OF THE ELECTRIC COMPANY.

  • THE ELECTRIC COMPANY'S PRIMARY EXEMPT PURPOSE IS TO HOLD COPYRIGHTS RELATING TO THE PRODUCTION OF THE ELECTRIC COMPANY, AN EDUCATIONAL TELEVISION SHOW FOR THE BENEFIT OF THE SESAME WORKSHOP, A SECTION 501(C)(3) PUBLIC CHARITY.

As filed on the 2023 return.

Listed in Part VII

  • Brett Robinson

    CFO & EVP OF FIN, TECH & FACILITIES

    Total calculated
    $517,505
    From this org
    $0
    From related orgs
    $449,850
    Other
    $67,655
    Hours/week
    1 + 62.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $379,306 related
    Bonus
    $0 + $69,238 related
    Other
    $0 + $1,306 related
    Deferred
    $0 + $3,750 related
    Nontaxable benefits
    $0 + $63,905 related
    Filer's total
    $0 + $517,505 related

  • Valerie Mitchell-Johnston

    EVP, GENERAL COUNSEL (AS OF 07/2023)

    Total calculated
    $496,499
    From this org
    $0
    From related orgs
    $393,581
    Other
    $102,918
    Hours/week
    1 + 62 related

    Schedule J breakdown matched by us

    Base
    $0 + $317,783 related
    Bonus
    $0 + $74,340 related
    Other
    $0 + $1,458 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $69,918 related
    Filer's total
    $0 + $496,499 related

  • Sherrie Westin

    INTERIM CEO (AS OF 02/2024)

    Total calculated
    $894,684
    From this org
    $0
    From related orgs
    $858,697
    Other
    $35,987
    Hours/week
    1 + 64 related

    Schedule J breakdown matched by us

    Base
    $0 + $647,804 related
    Bonus
    $0 + $202,457 related
    Other
    $0 + $8,436 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $2,987 related
    Filer's total
    $0 + $894,684 related

  • Stephen Youngwood

    CEO

    Total calculated
    $1,066,294
    From this org
    $0
    From related orgs
    $1,025,307
    Other
    $40,987
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $778,378 related
    Bonus
    $0 + $244,635 related
    Other
    $0 + $2,294 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $7,987 related
    Filer's total
    $0 + $1,066,294 related

  • Joseph Salvo

    EVP, GENERAL COUNSEL (THRU 06/2023)

    Total calculated
    $348,304
    From this org
    $0
    From related orgs
    $312,288
    Other
    $36,016
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $206,170 related
    Bonus
    $0 + $99,840 related
    Other
    $0 + $6,278 related
    Deferred
    $0 + $20,800 related
    Nontaxable benefits
    $0 + $15,216 related
    Filer's total
    $0 + $348,304 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

OFFICERS' COMPENSATION
ALL COMPENSATION REPORTED ON THE FORM 990, PART VII AND SCHEDULE J FOR THE LISTED OFFICERS REPRESENTS COMPENSATION PAID BY SESAME WORKSHOP, THE PARENT ORGANIZATION, FOR THEIR ROLE AS OFFICERS OF SESAME WORKSHOP.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SESAME WORKSHOP EUROPE GMBH

    C · EDU. MEDIA · GM

    Directly controlled by SESAME WORKSHOP INTERNATIONAL

  • SESAME WORKSHOP LATIN AMERICA SDE RL DE CV

    C · EDU. MEDIA · MX

    Directly controlled by SESAME WORKSHOP INTERNATIONAL

  • SESAME WORKSHOP EDUCATIONAL SERVICES SOUTH AFRICA NPC

    C · EDU. MEDIA · SF

    Directly controlled by SESAME WORKSHOP INTERNATIONAL

  • SESAME STREET BRAND MGMT & SVC SHANGHAI

    C · EDU. MEDIA · CH

    Directly controlled by SESAME WORKSHOP

  • SESAME STREET JAPAN GK

    C · EDU. MEDIA · JA

    Directly controlled by SESAME WORKSHOP

  • SESAME WORKSHOP INITIATIVES (INDIA) PLC

    C · EDU. MEDIA · IN

    Directly controlled by SESAME WORKSHOP

  • CTW COMMUNICATIONS INC

    C · HOLDING · DE

    Directly controlled by SESAME WORKSHOP

  • SESAME STREET SEASON 51 PRODUCTIONS INC

    C · TV PRODUCTION · DE

    Directly controlled by SESAME WORKSHOP

  • SESAME STREET SEASON 52 PRODUCTIONS INC

    C · TV PRODUCTION · DE

    Directly controlled by SESAME WORKSHOP

  • SESAME STREET SEASON 53 PRODUCTIONS INC

    C · TV PRODUCTION · DE

    Directly controlled by SESAME WORKSHOP

  • SESAME STREET SEASON 54 PRODUCTIONS INC

    C · TV PRODUCTION · DE

    Directly controlled by SESAME WORKSHOP

  • SESAME STREET SEASON 55 PRODUCTIONS INC

    C · TV PRODUCTION · DE

    Directly controlled by SESAME WORKSHOP

  • SESAME STREET SEASON 56 PRODUCTIONS INC

    C · TV PRODUCTION · DE

    Directly controlled by SESAME WORKSHOP

  • SESAME SERVICES FP INC

    C · VIDEO PRODUCTION · DE

    Directly controlled by SESAME WORKSHOP INTERNATIONAL

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349307529

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