Association for Digital Asset FY2024 filing

New York, NYUnknown exempt organization EIN 83-2650302

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

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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

$1K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · 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
Pay to officers and key staff
$1K
to officers and key staff · 0.3% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
25 mo
of spending, in cash
Looks good: 25.3 months of spending in cash; 3 or more.
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
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
-100% vs prior year
Spent
$474K
Net assets
$997K
By yearFY2019–FY2025
Revenue
$0
FY2024▼ -100%
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
$474K
FY2024▼ -69%
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
$997K
FY2024▼ -32%
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 FY2024 Form 990 (year ending March 2024) · see the original

Give Claim
You’re viewing the FY2024 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

18 people listed on the 990; $1K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$1,324Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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 →

On this list? Claim this org

Something off? Claim to add context

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

Tap to ask. Association for Digital Asset sees how many people are interested.

Your first name shows with your question. Association for Digital Asset answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2023
01

The organization was dormant during the year and is winding down for dissolution.

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 FY2024 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$474K
Ln 25
Owns and owesPt X
$997K
net assets · Ln 32
Cash and savingsLn 1–2$997K
Total assetsLn 16$997K
LiabilitiesLn 26$0
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$997K
Cash and savings togetherLn 1–2$997K
Total assetsLn 16$997K
LiabilitiesLn 26$0
Net assetsLn 32$997K
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 FY24End FY24
Cash and savingsLn 1–2$1.5M$997K
Total assetsLn 16$1.5M$997K
LiabilitiesLn 26$0$0
Net assetsLn 32$1.5M$997K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1K
Payroll taxesLn 10$103
Legal feesLn 11b$63K
Accounting feesLn 11c$15K
Other fees for servicesLn 11g$389K
Information technologyLn 14$1K
OccupancyLn 16$1K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$716
Total functional expensesLn 25$474K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $0$997K−$997K$0 990 PDF
FY2024 Viewing $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

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,062,500$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,062,500$0
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 $626,174$1,427
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $922,748$472,354
I-18 Total expensesPrior year $1,548,922$473,781
I-19 Revenue less expensesPrior year $513,578−$473,781
Part VI · Governance 16 of 16 board members independent, 2 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
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 $473,781 across 9 lines filed
IX-5 Pay of current officers, directors and key staff$1,324
IX-10 Payroll taxes$103
IX-11b Legal fees$63,046
IX-11c Accounting fees$14,523
IX-11g Other fees for services$388,884
IX-14 Information technology$1,263
IX-16 Occupancy$1,334
IX-23 Insurance$2,588
IX-24 Other expenses (24a–d)$716
IX-25 Total functional expenses$473,781
Part X · Balance sheet $997,055 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $1,470,836$997,055
X-16 Total assetsStart of year $1,470,836$997,055
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,470,836$997,055
X-33 Total liabilities and net assetsStart of year $1,470,836$997,055
Part XI · Reconciliation of net assets $997,055 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$473,781
XI-3 Revenue less expenses−$473,781
XI-4 Net assets at start of year$1,470,836
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$997,055

Form 990 e-file (XML) FY2024 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.

Your org? Add context

Made it to the end? Claim this org

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.