Fusion Industry Association is located in Washington, DC. As of 12/2021, Fusion Industry Association employed 5 individuals. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andrew Holland Chief Executive Officer | Officer | 40 | $126,667 |
Christofer Mowry Chairman Of The Board And Secretary | OfficerTrustee | 1 | $0 |
Christopher Ajemian Treasurer | Officer | 1 | $0 |
Michl Binderbauer Director | Trustee | 1 | $0 |
Robert Mumgaard Director | Trustee | 1 | $0 |
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 | $461,415 |
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 | $461,415 |
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. | $126,667 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,467 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,925 |
Payroll taxes | $10,338 |
Fees for services: Management | $0 |
Fees for services: Legal | $60,000 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $64,556 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $52,109 |
Advertising and promotion | $815 |
Office expenses | $4,157 |
Information technology | $3,223 |
Royalties | $0 |
Occupancy | $11,000 |
Travel | $1,984 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $7,927 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,652 |
All other expenses | $466 |
Total functional expenses | $357,073 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $104,342 |
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 | $104,342 |
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 | $104,342 |
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 | $0 |
Total liabilities and net assets/fund balances | $104,342 |
Over the last fiscal year, we have identified 1 grants that Fusion Industry Association has recieved totaling $22,500.
Awarding Organization | Amount |
---|---|
Clearpath Inc Washington, DC PURPOSE: PROGRAMMATIC SUPPORT | $22,500 |
Organization Name | Assets | Revenue |
---|---|---|
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
Childrens Research Institute Washington, DC | $13,958,035 | $66,659,816 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |
Philadelphia Post-Acute Partnersllc Philadelphia, PA | $76,499,158 | $101,068,675 |
Charity Global Inc Hagerstown, MD | $173,056,021 | $101,611,139 |
Truth Initiative Foundation Washington, DC | $1,008,096,015 | $92,158,475 |
Lutheran Immigration And Refugee Service Baltimore, MD | $69,973,896 | $114,665,821 |
Goodwill Industries Of The Valley Works Roanoke, VA | $35,659,269 | $106,358,357 |
Gibson Electric Membership Corp Trenton, TN | $199,281,246 | $104,510,085 |
Four County Electric Membership Corp Burgaw, NC | $229,795,069 | $103,654,934 |