Form 990 for tax year 2022
Filed by ASSOCIATION FOR DIGITAL ASSET MARKETS INC.
Totals
- Total revenue
- $2,062,500
- Total expenses
- $1,548,922
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,062,500
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,470,836
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,470,836
- 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.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: MEMBERSHIP DUES
total $2,062,500 · related or exempt $2,062,500
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $608,459
-
10 · Payroll taxes
total $17,715
-
11b · Fees: legal
total $275,441
-
11c · Fees: accounting
total $17,793
-
11g · Fees: other
total $501,282
-
14 · Information technology
total $1,627
-
16 · Occupancy
total $1,120
-
23 · Insurance
total $2,274
-
24a · Other expenses: PROGRAM EXPENSES
total $61,327
-
24b · Other expenses: REIMBURSABLE EXPENSES
total $46,784
-
24c · Other expenses: PAYROLL PROCESSING FEES
total $14,830
-
24d · Other expenses: TAXES AND LICENSES
total $270
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $957,258 · end of year $1,470,836
-
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 $957,258 · end of year $1,470,836
Mission and programs · 2022
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 DORMANT DURING FY 2022 AND IS WINDING DOWN FOR DISSOLUTION.
As filed on the 2022 return.
Listed in Part VII
-
BRAD VOPNI
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.2
-
ARIANNA PRETTO SACKMANN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.2
-
ROBERT LASALLE
TREASURER
- Total calculated
- $0
- Hours/week
- 0.2
-
ANDREW SIEGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
CHARLES CAFFRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
RYNE MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
GREGORY XETHALIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
MARK WETJEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
LUCAS MOSKOWTIZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
DANIEL BURSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
GEORGIA QUINN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
EUGENE FERRARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
DANIEL GERHARDSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
ANDREW STEINMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
CHELSEA PIZZOLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
MINA NGUYEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
MICHELLE BOND
CHIEF EXECUTIVE OFFICER
- Total calculated
- $515,902
- From this org
- $507,122
- From related orgs
- $0
- Other
- $8,780
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $457,122
- Bonus
- $50,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $8,780
- Filer's total
- $515,902
-
ROBERT BALDWIN
SECRETARY
- Total calculated
- $263,417
- From this org
- $257,366
- From related orgs
- $0
- Other
- $6,051
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $232,366
- Bonus
- $25,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $6,051
- Filer's total
- $263,417
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440469349302669
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