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← ASSOCIATION FOR DIGITAL ASSET MARKETS INC

Form 990 for tax year 2024

Filed by ASSOCIATION FOR DIGITAL ASSET MARKETS INC.

Totals

Total revenue
$0
Total expenses
$997,055
Contributions and grants received
$0
Grants paid
$500,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
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.

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000

  • 11b · Fees: legal

    total $436,994

  • 11c · Fees: accounting

    total $6,395

  • 14 · Information technology

    total $1,176

  • 16 · Occupancy

    total $1,758

  • 24a · Other expenses: DISSOLUTION EXPENSES

    total $50,732

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $997,055 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $997,055 · end of year $0

Mission and programs · 2024

Mission

THE ASSOCIATION FOR DIGITAL ASSET MARKETS, INC. (ADAM) EXISTS TO FOSTER FAIR AND ORDERLY DIGITAL ASSET MARKETS WHERE PARTICIPANTS CAN TRANSACT WITH CONFIDENCE.

Activities or mission (Part I)

FOSTER FAIR DIGITAL ASSET MARKETS WORTHY OF THE TRUST OF PARTICIPANTS, INVESTORS, & REGULATORS

  • THE ORGANIZATION WAS TERMINATED ON 03/27/2025.

As filed on the 2024 return.

Listed in Part VII

  • Robert Lasalle

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • Andrew Siegel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Gregory Xethalis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Lucas Moskowtiz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Daniel Burstein

    DIRECTOR (LEFT 12/19/24)

    Total calculated
    $0
    Hours/week
    0.2

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.

Grants on this return

  • THE BLOCKCHAIN ASSOCIATION

    $150,000

    HOST A SERIES OF TWO MINI POLICY SUMMITS THROUGHOUT 2025, AIMED AT ADVANCING THE ADOPTION OF BLOCKCHAIN TECHNOLOGY AND SHAPING PRO-INNOVATION POLICIES IN THE UNITED STATES. THESE SUMMITS WILL SERVE AS PIVOTAL PLATFORMS FOR INDUSTRY LEADERS, POLICYMAKERS, REGULATORS, AND ACADEMICS TO ENGAGE IN FOCUSED DISCUSSIONS ON CRITICAL ISSUES FACING THE DIGITAL ASSET INDUSTRY. EACH SUMMIT WILL FEATURE KEYNOTE SPEECHES, PANEL DISCUSSIONS, WORKSHOPS, AND NETWORKING SESSIONS.

  • CRYPTO COUNCIL FOR INNOVATION

    $150,000

    ADVOCATE FOR INCREASED REGULATORY CLARITY AROUND STAKING, DRIVE GREATER AWARENESS AND UNDERSTANDING OF STAKING, AND ADDRESS CONCERNS AND QUESTIONS ABOUT HOW CURRENT REGULATIONS IMPACT THE INDUSTRY.

  • CHAMBER OF DIGITAL COMMERCE DBA THE DIGITAL CHAMBER

    $150,000

    ESTABLISH A STATE ADVOCACY NETWORK TO ADDRESS THE GROWING INFLUENCE OF STATE-LEVEL POLICYMAKING ON THE DIGITAL ASSET INDUSTRY. ADDRESS STATE PROPOSALS RELATED TO FINANCIAL SERVICES, SECURITIES, TAX, AND CONSUMER PROTECTION REGULATION.

  • COIN CENTER INC

    $50,000

    CONDUCT RESEARCH, EDUCATE POLICYMAKERS, AND ENGAGE IN AND SUPPORT LITIGATION TO ENSURE PEOPLE ARE FREE TO BUILD AND USE CRYPTOCURRENCY NETWORKS UNDER CLEAR RULES.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2024
Filed
10 June 2025
IRS schema version
2024v5.1
Source object
202511619349300406

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