Association For Digital Asset Markets Inc
- Assets
- $957.3k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 06/2019
- Data as of
- 03/2022
- EIN
- 83-2650302
Organization Overview
Association For Digital Asset Markets Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2022, Association For Digital Asset Markets Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For Digital Asset Markets Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2022, Association For Digital Asset Markets Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $1.0m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER FAIR DIGITAL ASSET MARKETS WORTHY OF THE TRUST OF PARTICIPANTS, INVESTORS, & REGULATORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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. THE ORGANIZATION SEEKS TO PROTECT MARKET PARTICIPANTS FROM FRAUD AND MANIPULATION; TO PROVIDE CLEAR STANDARDS FOR EFFICIENT TRADING, CUSTODY, AND THE CLEARING AND SETTLEMENT OF DIGITAL ASSETS; TO ENCOURAGE PROFESSIONALISM AND ETHICAL CONDUCT BY MARKET PARTICIPANTS; AND TO INCREASE TRANSPARENCY AND PROVIDE INFORMATION TO THE PUBLIC AND GOVERNMENTS ABOUT DIGITAL ASSET MARKETS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Bond Chief Executive Officer | Officer | 60 | $308,333 |
Robert Baldwin Secretary | Officer | 60 | $139,846 |
Arianna Pretto Sackmann Vice President | OfficerTrustee | 0.2 | $0 |
Charles Cascarilla Treasurer (left In Fy22) | OfficerTrustee | 0.2 | $0 |
Oliver Wiener President (left In Fy22) | OfficerTrustee | 0.2 | $0 |
Brad Vopni President | OfficerTrustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Narrative Strategies Public Relations Consulting | 3/30/22 | $117,150 |
M Group Strategic Communication Public Relations Consulting | 3/30/22 | $107,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,707,500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,707,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $552,166 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,756 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $311,235 |
| Advertising and promotion | $44,427 |
| Office expenses | $645 |
| Information technology | $1,145 |
| Royalties | $0 |
| Occupancy | $917 |
| Travel | $71,986 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,081 |
| All other expenses | $537 |
| Total functional expenses | $1,020,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $957,258 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $957,258 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $957,258 |
| Total liabilities and net assets/fund balances | $957,258 |
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International Association Of Credit Portfolio Managers Inc New York, NY | $3,469,133 | $2,422,450 |
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New England Trade Adjustment Assistance Center Inc North Billerica, MA | $129,956 | $1,964,794 |
Ascend Inc New York, NY | $5,589,868 | $3,173,147 |
Rhode Island Lumber & Building Material Dealers Association Rensselaer, NY | $6,807,037 | $1,588,921 |