Association for Digital Asset FY2020 filing

New York, NYUnknown exempt organization EIN 83-2650302Revenue $141K in FY2020

On file with the IRStheadam.io1177 Avenue of the Americas 5th FL · New York, NY

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Foster fair Digital Asset markets worthy of the trust of participants, investors, & regulators

Mission: Form 990 Part I, line 1

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FY2020 · 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
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$141K
-82% vs prior year
Spent
$562K
Net assets
$63K
By yearFY2019–FY2025
Revenue
$141K
FY2020▼ -82%
Tap a bar for its year
Revenue by fiscal year
FY2019$769K
FY2020$141K
FY2021$921K
FY2022$1.7M
FY2023$2.1M
FY2024$0
FY2025$0
Expenses
$562K
FY2020▲ +98%
Tap a bar for its year
Expenses by fiscal year
FY2019$284K
FY2020$562K
FY2021$714K
FY2022$1.0M
FY2023$1.5M
FY2024$474K
FY2025$997K
Net assets
$63K
FY2020▼ -87%
Tap a bar for its year
Net assets by fiscal year
FY2019$485K
FY2020$63K
FY2021$271K
FY2022$957K
FY2023$1.5M
FY2024$997K
FY2025$0

From the FY2020 Form 990 (year ending March 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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 →

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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.

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Provided by the organization

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2 programs · in their own filed words · FY2019
01

Membership in adam includes trading platforms, custodians, investors, asset managers, traders, liquidity providers, and brokers that are active in digital asset markets or seek to participate in those markets.

Pt IX · col B
02

Release of adam code of conduct, designed to promote industry standards and ethical conduct by digital asset market participants. The code promotes integrity, fairness, and efficiency in digital asset markets, informs market participants on best practices, and complements existing regulations.

Pt IX · col B

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$141K
Ln 12
Fees for servicesLn 2g$141K
Money outPt IX
$562K
Ln 25
Owns and owesPt X
$63K
net assets · Ln 32
Cash and savingsLn 1–2$63K
Total assetsLn 16$63K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$141K
Total revenueLn 12$141K
Assets in detailPt X, end of year
CashLn 1$63K
Cash and savings togetherLn 1–2$63K
Total assetsLn 16$63K
LiabilitiesLn 26$0
Net assetsLn 32$63K
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 FY20End FY20
Cash and savingsLn 1–2$485K$63K
Total assetsLn 16$485K$63K
LiabilitiesLn 26$0$0
Net assetsLn 32$485K$63K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$19K
Legal feesLn 11b$15K
Other fees for servicesLn 11g$526K
Office expensesLn 13$285
OccupancyLn 16$50
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$52
Total functional expensesLn 25$562K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $141K$562K−$421K$63K 990 PDF
FY2019 $769K$284K$485K$485K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $141,001 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $760,000$141,001
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $9,000$0
I-12 Total revenuePrior year $769,000$141,001
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$19,312
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $284,480$542,888
I-18 Total expensesPrior year $284,480$562,200
I-19 Revenue less expensesPrior year $484,520−$421,199
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $141,001 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $141,001$141,001
VIII-12 Total revenueRelated to mission $141,001 · Unrelated business $0 · Excluded from tax $0$141,001
Part IX · Statement of functional expenses $562,200 across 7 lines filed
IX-7 Other salaries and wages$19,312
IX-11b Legal fees$15,096
IX-11g Other fees for services$526,228
IX-13 Office expenses$285
IX-16 Occupancy$50
IX-23 Insurance$1,177
IX-24 Other expenses (24a–d)$52
IX-25 Total functional expenses$562,200
Part X · Balance sheet $63,321 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $484,520$63,321
X-16 Total assetsStart of year $484,520$63,321
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $484,520$63,321
X-33 Total liabilities and net assetsStart of year $484,520$63,321
Part XI · Reconciliation of net assets $63,321 net assets at year end
XI-1 Total revenue$141,001
XI-2 Total expenses$562,200
XI-3 Revenue less expenses−$421,199
XI-4 Net assets at start of year$484,520
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$63,321

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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