Fusion Films INC EIN 46-1541779 Form 990 (PDF) Claim this org

Fusion Films INC

Not yet claimed Claim this org →

Creates educational videos and livestreams benefiting communities and charities. For fiscal year 2025 it reported $405K in revenue, $409K in expenses, and $386K in net assets.Pt I

Founded
2013
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Pleasant Garden, NC
Website
www.fusionfilms.org
Filings
2 on file (2024–2025)
Revenue
$405KFY2025
Expenses
$409K
Net assets
$386K
People
4
Filings
2
Updates
0
More identity details & actions ⌄
EIN  46-1541779 Public charity (501(c)(3)) Pleasant Garden, NC Founded 2013
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Fusion Films INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Creates educational videos and livestreams benefiting communities and charities.
Leadership
Charles E Preston · President · $136K
Money in and out
$405K revenue, $409K expenses
Bottom line
31% program efficiency
Where the money goes · FY2025
Total revenue
$405K
Pt VIII · Ln 12
Total expenses
$409K
Pt IX · Ln 25
Net assets
$386K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4K
Where spending went · Part IX cols B–D
Program services $0.31 Management & general $0.69
Program efficiency
31%
of spending reaches programs▼ -21% vs prior filing year
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate▼ -44% vs prior filing year
Surplus margin
-1%
revenue over expenses, this year▼ -103% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$405K
FY2025▼ -30%
Expenses
$409K
FY2025▲ +12%
Total assets
$459K
FY2025▲ +30%
Total liabilities
$73K
FY2025▲ +739%
Total revenue
$405K
Pt VIII · Ln 12
Total expenses
$409K
Pt IX · Ln 25
Net assets
$386K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4K
Total assetsPt X · Ln 16$459K
Program-expense ratioPt IX · col B31%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $128K of program spending, described in the organization's own filed words · FY2025.
01

Education Video Production

produce low-cost, affordable educational videos on public awareness topics for non-profit organizations. In any case, where a nonprofit client wants hard copies of the video produced for them, those hard copies will be sold, such as DVDs.

$128Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFusion Films INC
EINHdr · item D46-1541779
Principal addressHdr · item CPleasant Garden, NC
WebsiteHdr · item Jwww.fusionfilms.org
Year of formationHdr · item L2013
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A31)
Ruling yearIRS BMFJul 2025

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$136,488Pt VII · Sec A
Treasurersecretary
$104,288Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Charles E Preston’s $136K as President is at the 97th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024
Charles E Preston$136,488$61,304
Andrea Preston$104,288$54,509

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Fusion Films INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue100%$403K
Other revenue$1K
Total revenueLn 12$405K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.31 Management & general $0.69
Program services31%$128K
Management & general69%$281K
Total functional expensesLn 25$409K

Balance Sheet

Part X · end of year
CashLn 1$48K
Total assetsLn 16$459K
Total liabilitiesLn 26$73K
Total net assetsLn 32$386K
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $48K · Operating expenses/yr $409K
1.4 months
Where the money goes
Program services
Program services $128K · Total expenses $409K
31%
Management & General
Management & general $281K · Total expenses $409K
69%
Fundraising
Fundraising $0 · Total expenses $409K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $405K
0%
Government reliance
Government grants — · Total revenue $405K
Earned-income share
Program service revenue $403K · Total revenue $405K
100%
Investment reliance
Investment income $0 · Total revenue $405K
0%
Program self-sufficiency
Program service revenue $403K · Total expenses $409K
99%
Growth & trend
Revenue growth (YoY)
This year $405K · Prior year $579K
-30%
Net-asset trend (YoY)
End of year $386K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $405K · Expenses $409K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $459K
Net-asset ratio
Net assets $386K · Total assets $459K
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $459K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Charles E Preston · Reported title President · Highest reported compensation $136K · Total expenses $409K
33%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $290K · Total expenses $409K
71%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 31%
Overhead ratio 69%
Revenue growth -30%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$22K

Similar Organizations

Closest in mission — by what they do
See all organizations like Fusion Films INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$405K revenue · viewing · ⤓ 990 PDF
FY2024$579K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.