Fusion Partnerships Inc
- Assets
- $9.0m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 324
- Location
- Baltimore, MD
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 52-2148413
Organization Overview
Fusion Partnerships Inc is located in Baltimore, MD. The organization was established in 2000. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Fusion Partnerships Inc employed 324 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fusion Partnerships Inc 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 12/2022, Fusion Partnerships Inc generated $16.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $16.6m during the year ending 12/2022. While expenses have increased by 19.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY EDUCATION, PARTICIPATORY GRANTMAKING, ACTIVISM AND INCUBATION SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH COLLABORATIVE ACTION, INCLUDING FISCAL SPONSORSHIP, FUSION PARTNERSHIPS, INC. WORKS TO BE A CATALYST FOR SOCIAL JUSTICE AND PEACE. OUR VISION FOR BALTIMORE IS TO ENSURE THAT ALL CITIZENS HAVE EQUITABLE ACCESS TO RESOURCES AND OPPORTUNITIES TO THRIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Mccann Employee | 40 | $110,308 | |
Jamye Wooten Employee | 40 | $105,000 | |
Ako Changa Onyango Board Chair | OfficerTrustee | 20 | $0 |
Dr Fernando A Wagner Board Treasurer | OfficerTrustee | 3 | $0 |
Damien Hausling Board Member | Trustee | 3 | $0 |
Litsa Williams Board Member | Trustee | 5 | $0 |
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 | $13,919,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,919,170 |
| Total Program Service Revenue | $2,905,386 |
| 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 | $16,824,556 |
| 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. | $215,308 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,574,930 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $342,430 |
| Payroll taxes | $559,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $109,625 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $415,386 |
| Travel | $243,274 |
| 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 | $23,485 |
| Insurance | $0 |
| All other expenses | $5,781,190 |
| Total functional expenses | $16,562,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,126,248 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,808,192 |
| 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 | $74,170 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,481 |
| Total assets | $9,021,091 |
| Accounts payable and accrued expenses | $940,463 |
| Grants payable | $0 |
| Deferred revenue | $95,467 |
| 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 | $1,035,930 |
| Net assets without donor restrictions | $382,561 |
| Net assets with donor restrictions | $7,602,600 |
| 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 | $9,021,091 |