Association for Digital Asset

New York, NYUnknown exempt organizationEIN 83-2650302

Foster fair digital asset markets worthy of the trust of participants, investors, & regulators

Run by 12 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 7
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 7 filings
Worth a look: a surplus in 4 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$997K
Net assets
$0
By yearFY2019–FY2025
Revenue
$0
FY2025
Revenue by fiscal year
FY2019$769K
FY2020$141K
FY2021$921K
FY2022$1.7M
FY2023$2.1M
FY2024$0
FY2025$0
Expenses
$997K
FY2025▲ +110%
Expenses by fiscal year
FY2019$284K
FY2020$562K
FY2021$714K
FY2022$1.0M
FY2023$1.5M
FY2024$474K
FY2025$997K
Net assets
$0
FY2025▼ -100%
Net assets by fiscal year
FY2019$485K
FY2020$63K
FY2021$271K
FY2022$957K
FY2023$1.5M
FY2024$997K
FY2025$0

From the FY2025 Form 990 (year ending March 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (left 12/19/24)
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Michelle Bond—$507,122$308,333$62,500
Robert Baldwin—$257,366$139,846—
Kelly McGrath Left 1220———$167,759
Jeffrey Blockinger Left 1020———$115,222
Brad Vopni$1,324———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Association for Digital Asset executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes trustworthy digital asset markets for all participants.

Provided by the organization

This section is blank until Association for Digital Asset claims this page.

Know this organization? Claim it to add your story

1 program service, described in the organization's own filed words · FY2024.
01

The organization was terminated on 03/27/2025.

Pt IX · col B

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $500K · 2024–2024
Chamber of Digital CommerceDC · FY2024$150,000
Blockchain AssociationDC · FY2024$150,000
Coin Center INCDC · FY2024$50,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$997K
Ln 25
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 53
VolunteersI 612
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$997K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$997K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$997K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$500K
Legal feesLn 11b$437K
Accounting feesLn 11c$6K
Information technologyLn 14$1K
OccupancyLn 16$2K
Other expenses (24a–d)Ln 24$51K
Total functional expensesLn 25$997K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $0$997K−$997K$0 990 PDF
FY2024 $0$474K−$474K$997K 990 PDF
FY2023 $2.1M$1.5M$514K$1.5M 990 PDF
FY2022 $1.7M$1.0M$687K$957K 990 PDF
FY2021 $921K$714K$207K$271K 990 PDF
FY2020 $141K$562K−$421K$63K 990 PDF
FY2019 $769K$284K$485K$485K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
Part IX · Statement of functional expenses $997,055 across 6 lines filed
IX-1 Grants to domestic organizations$500,000
IX-11b Legal fees$436,994
IX-11c Accounting fees$6,395
IX-14 Information technology$1,176
IX-16 Occupancy$1,758
IX-24 Other expenses (24a–d)$50,732
IX-25 Total functional expenses$997,055
Part X · Balance sheet $0 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $997,055$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $997,055$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $997,055$0
X-33 Total liabilities and net assetsStart of year $997,055$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$997,055
XI-3 Revenue less expenses−$997,055
XI-4 Net assets at start of year$997,055
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.