Spectrum Fusion
- Assets
- $125.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/2018
- Data as of
- 12/2020
- EIN
- 82-2367027
Organization Overview
Spectrum Fusion is located in Houston, TX. The organization was established in 2018. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spectrum Fusion 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 12/2020, Spectrum Fusion generated $91.8k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $49.0k during the year ending 12/2020. While expenses have increased by 1.4% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Ham President | 40 | $0 | |
Tom Lytle Director | 1 | $0 | |
Diane Williams Secretary | 1 | $0 | |
Ed Goodwin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,169 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $91,785 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $18,313 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $339 |
| Other expenses | $30,374 |
| Total expenses | $49,026 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $125,473 |
| Other assets | $0 |
| Total assets | $125,473 |
| Total liabilities | $33,000 |
| Net assets or fund balances | $92,473 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spectrum Fusion has recieved totaling $19.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
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|---|---|---|
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Arkansas Family Supports Inc Fort Smith, AR | $6,002,199 | $9,109,380 |
Carc Inc Lake Charles, LA | $11,579,586 | $7,309,580 |
Nonviolence Works Inc Taos, NM | $1,929,520 | $7,008,447 |
Sheltered Work Activity Program Inc Muskogee, OK | $3,971,710 | $6,390,815 |
Sherwood & Myrtie Foster Home For Children Stephenville, TX | $11,331,747 | $5,786,613 |
Southwest Louisana Independence Center Inc Lake Charles, LA | $4,269,483 | $6,523,920 |
Texarkana Special Education Center Inc Texarkana, TX | $8,205,131 | $6,136,166 |
Arcil Inc Austin, TX | $1,284,251 | $4,834,932 |
Southeast Vocational Alliance Inc Houston, TX | $1,930,233 | $5,004,013 |
Earc Inc Edmond, OK | $3,396,149 | $5,362,252 |