Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
7 people listed on the 990; $289K paid to officers and key staff.
Elena Garuc’s $175K as Executive Director is at the 57th percentile of top reported officer pay among 2832 $1–10M community development 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 · 4 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Elena Garuc | $175,179 | $158,796 | $141,721 | $142,384 | $136,150 |
| Eric Fasser | $114,217 | — | — | — | — |
| Everton H Henriques | — | — | — | — | $108,301 |
| Eric K Fasser | — | — | — | — | $100,086 |
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.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Connects New York's small and mid-sized manufacturers with the resources, experts, and programs needed to commercialize technology and grow their businesses.
Questions for Fuzehub INC
Your first name shows with your question. Fuzehub INC answers here, for everyone.
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Fuzehub unites and integrates a broad network of multi-disciplinary public and private sector technology, industry and commercialization services, experts and partners.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.2M | $3.4M |
| Land, buildings, equipmentLn 10c | $71K | $58K |
| Total assetsLn 16 | $4.0M | $4.3M |
| LiabilitiesLn 26 | $355K | $269K |
| Net assetsLn 32 | $3.6M | $4.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $1.7M | $1.7M | ||
| Pay of current officers, directors and key staffLn 5 | $197K | $197K | ||
| Other salaries and wagesLn 7 | $590K | $590K | ||
| Pension plan contributionsLn 8 | $21K | $21K | ||
| Other employee benefitsLn 9 | $48K | $48K | ||
| Payroll taxesLn 10 | $60K | $60K | ||
| Legal feesLn 11b | $34K | $34K | ||
| Accounting feesLn 11c | $53K | $53K | ||
| Other fees for servicesLn 11g | $11K | $11K | ||
| Advertising and promotionLn 12 | $224K | $224K | ||
| Office expensesLn 13 | $40K | $40K | ||
| Information technologyLn 14 | $6K | $6K | ||
| OccupancyLn 16 | $48K | $48K | ||
| TravelLn 17 | $40K | $7K | $33K | |
| Conferences, conventions and meetingsLn 19 | $303K | $303K | ||
| Depreciation, depletion and amortizationLn 22 | $24K | $24K | ||
| InsuranceLn 23 | $10K | $10K | ||
| Other expenses (24a–d)Ln 24 | $1.0M | $977K | $48K | |
| All other expensesLn 24e | $2K | $2K | ||
| Total functional expensesLn 25 | $4.4M | $3.9M | $507K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $4.8M | $4.4M | $417K | $4.0M | 990 PDF |
| FY2023 | $4.5M | $4.0M | $501K | $3.6M | 990 PDF |
| FY2022 | $3.1M | $3.2M | −$147K | $3.1M | 990 PDF |
| FY2021 | $3.1M | $3.0M | $95K | $3.2M | 990 PDF |
| FY2020 | $4.7M | $3.8M | $841K | $3.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $4,835,529 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 4 to look at
Part VIII · Statement of revenue $4,835,529 across 5 lines filed
Part IX · Statement of functional expenses $4,418,119 across 19 lines filed
Part X · Balance sheet $4,289,665 assets, 15 lines filed
Part XI · Reconciliation of net assets $4,020,718 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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