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
21 people listed on the 990; $448K paid to officers and key staff.
Compensation history total reportable pay by year · 5 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| 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 →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 15aYes
Programs and updates
Promotes trustworthy digital asset markets for all participants.
Questions for Association for Digital Asset
Your first name shows with your question. Association for Digital Asset answers here, for everyone.
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.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $271K | $957K |
| Total assetsLn 16 | $271K | $957K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $271K | $957K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $552K | |||
| Payroll taxesLn 10 | $31K | |||
| Accounting feesLn 11c | $5K | |||
| Other fees for servicesLn 11g | $311K | |||
| Advertising and promotionLn 12 | $44K | |||
| Office expensesLn 13 | $645 | |||
| Information technologyLn 14 | $1K | |||
| OccupancyLn 16 | $917 | |||
| TravelLn 17 | $72K | |||
| InsuranceLn 23 | $2K | |||
| Other expenses (24a–d)Ln 24 | $537 | |||
| Total functional expensesLn 25 | $1.0M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Jun 10, 2025 | $0 | $997K | −$997K | $0 | 990 PDF |
| FY2024Filed with the IRS Jun 10, 2025 | $0 | $474K | −$474K | $997K | 990 PDF |
| FY2023Filed with the IRS Feb 15, 2024 | $2.1M | $1.5M | $514K | $1.5M | 990 PDF |
| FY2022 ViewingFiled with the IRS Feb 15, 2023 | $1.7M | $1.0M | $687K | $957K | 990 PDF |
| FY2021Filed with the IRS Nov 12, 2021 | $921K | $714K | $207K | $271K | 990 PDF |
| FY2020Filed with the IRS Aug 6, 2021 | $141K | $562K | −$421K | $63K | 990 PDF |
| FY2019Filed with the IRS Aug 6, 2021 | $769K | $284K | $485K | $485K | 990 PDF |
Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $1,707,500 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, 2 to look at
Part VIII · Statement of revenue $1,707,500 across 2 lines filed
Part IX · Statement of functional expenses $1,020,755 across 11 lines filed
Part X · Balance sheet $957,258 assets, 8 lines filed
Part XI · Reconciliation of net assets $957,258 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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