Fuse Project
- Assets
- $478.4k
- Revenue
- $367.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Mobile, AL
- Founding
- 09/2012
- Data as of
- 12/2023
- EIN
- 45-4765019
Organization Overview
Fuse Project is located in Mobile, AL. The organization was established in 2012. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2023, Fuse Project employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fuse Project is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Fuse Project generated $367.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $439.3k during the year ending 12/2023. While expenses have increased by 21.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Fuse Project has awarded 32 individual grants totaling $300,576. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING TANGIBLE REALISTIC PROJECTS THAT DIRECTLY IMPACT CHILDREN IN MOBILE AND BALDWIN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUSE PROJECT'S ORDER OF FUSE ORGANIZATION CONSISTS OF A DIVERSE GROUP OF YOUNG PROFESSIONALS LOOKING TO GIVE BACK TO THE COMMUNITY IN A DIFFERENT WAY. FUSE PROJECT HOSTS SEVERAL LARGE EVENTS AND MONTHLY NETWORKING OPPORTUNITIES AND PROVIDES VOLUNTEER OPPORTUNITIES FOR ORDER OF FUSE (OOF) MEMBERS TO PARTICIPATE IN. EACH SPRING, AT THE FINAL EVENT, THE OOF MEMBERS VOTE TO DETERMINE WHAT LOCAL CAUSES SERVING CHILDREN A PORTION OF THEIR DUES WILL FUND.
VARIOUS INITIATIVES SUCH AS THE ABC PROGRAM WHICH INCLUDES THE ABC EARLY LEARNING PROGRAM, SPARK SUMMER CAMP, AND ACADEMIC SUPPORT PROGRAM IN EXISTING NEIGHBORHOOD SCHOOLS
FUSE FACTORY IS A SOCIALLY RESPONSIBLE CO-WORKING SPACE OPERATED BY THE FUSE PROJECT LOCATED IN DOWNTOWN MOBILE. ORGANIZATIONS PAY RENT IN RETURN FOR PRIVATE OFFICE OR COMMUNAL SPACE, QUARTERLY EDUCATION AND NETWORKING OPPORTUNITIES, SHARED UTILITIES AND KITCHEN AREA, AND ACCESS TO THE CONFERENCE ROOM.
THE HISTORIC AVENUE FOUNDATION OPERATES AS A COMMUNITY QUARTERBACK TO BRING HOLISTIC COMMUNITY REVITALIZATION TO "THE AVENUE" COMMUNITY LOCATED IN DOWNTOWN MOBILE BY INVESTING IN MIXED-INCOME HOUSING, CRADLE-TO-COLLEGE EDUCATION AND COMMUNITY WELLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ankit Gulati Chairman Of The Board | OfficerTrustee | 5 | $0 |
Johana Gerheim Vice-Chairman | OfficerTrustee | 2 | $0 |
J Breanne S Zarzour Treasurer | OfficerTrustee | 5 | $0 |
Doug Whitmore Secretary | OfficerTrustee | 2 | $0 |
Monique Baugh Board Member | Trustee | 2 | $0 |
Riley Bridges Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,201 |
| Fundraising events | $50,285 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $226,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $307,646 |
| Total Program Service Revenue | $87,823 |
| Investment income | $2,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$30,904 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $367,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,600 |
| 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. | $59,513 |
| Compensation of current officers, directors, key employees. | $46,266 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,665 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,949 |
| Payroll taxes | $10,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,940 |
| Advertising and promotion | $4,133 |
| Office expenses | $13,571 |
| Information technology | $3,165 |
| Royalties | $0 |
| Occupancy | $26,157 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,192 |
| Interest | $27,865 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,071 |
| Insurance | $12,004 |
| All other expenses | $54,805 |
| Total functional expenses | $439,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,923 |
| Savings and temporary cash investments | $84,465 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,030 |
| 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 | $322,997 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $478,415 |
| Accounts payable and accrued expenses | $23,017 |
| 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 | $402,988 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,909 |
| Total liabilities | $441,914 |
| Net assets without donor restrictions | -$4,499 |
| Net assets with donor restrictions | $41,000 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $478,415 |
Grants Awarded
Over the last fiscal year, Fuse Project has awarded $20,600 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FLOURISH PURPOSE: EXPAND EMPOWER PROGRAM TO SERVE MOBILE & THE AVENUE COMMUNITY. THE EMPOWER PROGRAM FOCUSES ON EMPOWERING TEEN GIRLS AGES 13-18 THROUGH HEALTH & PERSONAL DEVELOPMENT WORKSHOPS. | $4,250 |
MOBILE KAPPA LEAGUE PURPOSE: DONATION FOR GENERAL MISSION SUPPORT | $250 |
MOBILE BALLET PURPOSE: DONATION FOR GENERAL MISSION SUPPORT | $250 |
THE COOKERY PROJECT PURPOSE: TO PROVIDE AND MAINTAIN BRAND NEW GARDEN BEDS, THREE AEROPONIC GARDEN TOWERS FOR THE SCHOOL, A MONTHLY GARDEN CLUB FOR 50+ STUDENTS, AND A MONTHLY COOKING CLUB FOR 50+ STUDENTS AT FLORENCE HOWARD ELEMENTARY SCHOOL. THE COOKERY PROJECT'S MISSION IS TO ENGAGE AND EMPOWER CHILDREN THROUGH FOOD SOURCING, NUTRITION EDUCATION, AND CULINARY EXPERIENCES. | $12,500 |
PUAD PURPOSE: SPONSORSHIP OF 10 STUDENTS TO ATTEND ANNUAL BUS TRIP TO SELMA FOR 58TH ANNUAL BLOODY SUNDAY MARCH AND TO TOUR VOTER'S RIGHTS MUSEUM | $850 |
MLK AVENUE REDEVELOPMENT CORPORATION PURPOSE: SPONSORSHIP OF ECONOMIC EMPOWERMENT WORKSHOP SERIES 2023-24 | $2,500 |