Fusion Industry Association

Organization Overview

Fusion Industry Association is located in Washington, DC. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2023, Fusion Industry Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fusion Industry Association 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 12/2023, Fusion Industry Association generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.9% each year . All expenses for the organization totaled $996.2k during the year ending 12/2023. While expenses have increased by 40.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE FUSION INDUSTRY ASSOCIATION IS THE UNIFIED VOICE OF THE GROWING FUSION INDUSTRY. FUSION ENERGY, WHEN COMMERCIALIZED, WILL REVOLUTIONIZE THE GLOBAL ENERGY SYSTEM BY PROVIDING A CLEAN, SAFE, SUSTAINABLE FORM OF ALWAYS-ON ENERGY. THE FIA'S MEMBERS AND AFFILIATE MEMBERS HAVE THE COMMON BUSINESS INTEREST OF ACCELERATING THE DATE OF COMMERCIAL FUSION ENERGY, AND - ONCE COMMERCIALIZED - INCREASING ITS USE IN THE U.S. AND GLOBAL MARKETPLACE. THE FIA SEEKS TO ACCELERATE THIS DATE OF COMMERCIALIZATION THROUGH DIRECT ENGAGEMENT WITH GOVERNMENTS AND THE PUBLIC TO EDUCATE AND ADVOCATE FOR FUSION. ALL ACTIVITIES OF THE ORGANIZATION WORK TO SUPPORT THESE GOALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORTING PUBLIC-PRIVATE PARTNERSHIPS - FOR DECADES, GOVERNMENT-FUNDED SCIENTISTS HAVE ENGAGED IN RESEARCH INTO PLASMA PHYSICS AND FUSION ENERGY. THE FIA ADVOCATES FOR PRIVATE FUSION COMPANIES TO HAVE ACCESS TO THAT SCIENTIFIC RESEARCH, WITH THE SCIENTISTS, INSTITUTIONS, AND SCIENTIFIC PRODUCTS PRODUCED. FURTHERMORE, THE PUBLIC-PRIVATE PARTNERSHIPS THAT INCLUDE GOVERNMENT SUPPORT TO PRIVATE FUSION COMPANIES CAN RAPIDLY ACCELERATE FUSION DEVELOPMENT BY DRIVING PRIVATE FINANCIAL SUPPORT. THE FIA WORKS TO SUPPORT PUBLIC-PRIVATE PARTNERSHIPS THAT WILL ALLOW DIRECT ENGAGEMENT BETWEEN PRIVATE FUSION INDUSTRY AND SCIENTISTS.


REGULATORY ENGAGEMENT: FUSION POWER PLANTS WILL BE SUBJECT TO REGULATION BY THE US NUCLEAR REGULATORY COMMISSION AND STATE REGULATORS WHEN BUILT. HOW THOSE REGULATIONS ARE DESIGNED AND IMPLEMENTED WILL HAVE A MATERIAL IMPACT ON THE COSTS AND TIMESCALES FOR BUILDING POWER PLANTS AND DRIVING INVESTMENT. LIKEWISE, ENSURING THAT FUSION EXPERIMENTS AND POWER PLANTS POSE THE MINIMUM RISK TO THE PUBLIC IS OF PARAMOUNT IMPORTANCE TO THE INDUSTRY. THEREFORE, A KEY PRIORITY OF THE FIA IS TO DIRECTLY ENGAGE WITH REGULATORS IN A TRANSPARENT MANNER AS THEY DETERMINE APPROPRIATE, RISK-INFORMED REGULATION FOR THE INDUSTRY.


EXTERNAL COMMUNICATIONS: ENSURING THAT STAKEHOLDERS AND POLICYMAKERS KNOW ABOUT THE IMPORTANCE OF CLEAN, SAFE, AFFORDABLE, AND SECURE FUSION ENERGY TO THE FUTURE ENERGY SYSTEM IS A KEY PART OF THE FIA'S EXEMPT MISSION. THROUGH TRADITIONAL MEDIA, SOCIAL MEDIA, AND DIRECT ENGAGEMENT, THE FIA IS EDUCATING KEY STAKEHOLDERS IN THE PRIVATE, PUBLIC, AND PHILANTHROPIC SECTORS ABOUT THE IMPORTANCE OF TOMORROW'S FUSION POWER ECONOMY.


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Board, Officers & Key Employees

Name (title)Compensation
Andrew Holland
Chief Executive Officer
$215,000
Christofer Mowry
Director
$0
David Edelman
Director
$0
Robert Mumgaard
Director
$0
Ryan Umstattd
Director
$0
Sachin Desai
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pillsbury Winthrop Shaw Pittman Llp
Strategic And Regulatory Advice
$180,000
Venture Government Strategies Llc
Federal Advocacy
$115,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,071,500
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$1,071,500
Total Program Service Revenue$12,589
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 $1,084,089

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