Fusion Global INC FY2023 filing

Tax-deductible

North Hollywood, CA501(c)(3)EIN 47-5619402Revenue $2.4M in FY2023

On file with the IRSfusionglobal.org5062 Lankershim Blvd Suite 3017, 91601-4225 · North Hollywood, CATax-exempt since May 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to spark connections between the old and the new that cause jesus (yeshua) and the word to come alive in new ways that equip people to live the Fusion way.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$76K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $380K a year · 19% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$76K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $272K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$304K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
+18% vs prior year
Spent
$2.1M
To programs
96%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$2.4M
FY2023▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$923K
FY2021$1.2M
FY2022$2.0M
FY2023$2.4M
FY2024$3.2M
Expenses
$2.1M
FY2023▲ +48%
Tap a bar for its year
Expenses by fiscal year
FY2020$957K
FY2021$1.0M
FY2022$1.4M
FY2023$2.1M
FY2024$2.4M
Net assets
$1.3M
FY2023▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2020$161K
FY2021$366K
FY2022$1.0M
FY2023$1.3M
FY2024$2.1M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $2.0M Management & general 4% · $77K

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; $76K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$76,154Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jason Sobel$97,502$76,154$60,840$75,039$92,162

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 15aYes

Programs and updates

Connects old and new to make Jesus and the Word come alive, equipping people for the fusion way.

Questions for Fusion Global INC

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Provided by the organization

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1 program · $2.0M · in their own filed words · FY2023
01

Transformation Starts with US

The fusion message is personal. Your life and faith thrive when you: -rediscover your roots -restore your inheritance -revitalize your relationships rabbi jason takes you through scriptures, prophecies fulfilled, and the significance of hebrew words, numbers, and holidays to help you experience clarity of identity and purpose.

$2.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$2.0M
Fees for servicesLn 2g$413K
Other incomeLn 4–11$39K
Money outPt IX
$2.1M
Ln 25
Programscol B$2.0M
Managementcol C$77K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$1.6M
LiabilitiesLn 26$304K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Noncash giftsLn 1g$30K
Fees for servicesLn 2g$413K
Investment incomeLn 3$175
Other incomeLn 4–11$39K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$1.6M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$30K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$1.6M
LiabilitiesLn 26$304K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 52
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.1M$1.6M
InvestmentsLn 11–13$30K
Land, buildings, equipmentLn 10c$105$3K
Total assetsLn 16$1.1M$1.6M
LiabilitiesLn 26$130K$304K
Net assetsLn 32$1.0M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$224K$224K
Other salaries and wagesLn 7$26K$26K
Other employee benefitsLn 9$58K$53K$6K
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$30K$30K
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$883K$883K
Advertising and promotionLn 12$62K$62K
Office expensesLn 13$45K$45K
Information technologyLn 14$123K$123K
OccupancyLn 16$23K$23K
TravelLn 17$395K$395K
InterestLn 20$861$861
Depreciation, depletion and amortizationLn 22$442$442
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$129K$129K
All other expensesLn 24e$42K$42K
Total functional expensesLn 25$2.1M$2.0M$77K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.2M$2.4M$731K$2.1M 990 PDF
FY2023 Viewing $2.4M$2.1M$348K$1.3M 990 PDF
FY2022 $2.0M$1.4M$653K$1.0M 990 PDF
FY2021 $1.2M$1.0M$205K$366K 990 PDF
FY2020 $923K$957K−$33K$161K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $2,414,136 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,822,048$1,961,933
I-9 Program service revenuePrior year $120,408$413,103
I-10 Investment incomePrior year $139$175
I-11 Other revenuePrior year $106,472$38,925
I-12 Total revenuePrior year $2,049,067$2,414,136
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $284,110$310,950
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,111,990$1,755,631
I-18 Total expensesPrior year $1,396,100$2,066,581
I-19 Revenue less expensesPrior year $652,967$347,555
Part VI · Governance 6 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,414,136 across 8 lines filed
Lines not itemized here account for $66,007 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,961,933
VIII-1g Noncash contributions (included above)$29,974
VIII-1h Total contributions, gifts and grants$1,961,933
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $413,103$413,103
VIII-3 Investment incomeRelated to mission $175$175
VIII-5 RoyaltiesRelated to mission $766$766
VIII-8 Net income from fundraising events−$27,848
VIII-12 Total revenueRelated to mission $480,051$2,414,136
Part IX · Statement of functional expenses $2,066,581 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $224,165$224,165
IX-7 Other salaries and wagesManagement $25,590$25,590
IX-9 Other employee benefitsPrograms $52,602 · Management $5,845$58,447
IX-10 Payroll taxesManagement $2,748$2,748
IX-11b Legal feesManagement $29,500$29,500
IX-11c Accounting feesManagement $13,005$13,005
IX-11g Other fees for servicesPrograms $883,271$883,271
IX-12 Advertising and promotionPrograms $61,690$61,690
IX-13 Office expensesPrograms $45,349$45,349
IX-14 Information technologyPrograms $123,487$123,487
IX-16 OccupancyPrograms $22,582$22,582
IX-17 TravelPrograms $395,070$395,070
IX-20 InterestPrograms $861$861
IX-22 Depreciation, depletion and amortizationPrograms $442$442
IX-23 InsurancePrograms $9,574$9,574
IX-24 Other expenses (24a–d)Programs $128,587$128,587
IX-24e All other expensesPrograms $42,213$42,213
IX-25 Total functional expensesPrograms $1,989,893 · Management $76,688 · Fundraising $0$2,066,581
Part X · Balance sheet $1,633,655 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,115,758$1,585,960
X-4 Accounts receivableStart of year $26,390$14,990
X-10c Land, buildings and equipment, netStart of year $105$2,731
X-11 Publicly traded securities$29,974
X-16 Total assetsStart of year $1,149,027$1,633,655
X-17 Accounts payable and accrued expenses$100,239
X-25 Other liabilitiesStart of year $130,000$204,035
X-26 Total liabilitiesStart of year $130,000$304,274
X-27 Net assets without donor restrictionsStart of year $1,019,027$1,329,381
X-32 Total net assets or fund balancesStart of year $1,019,027$1,329,381
X-33 Total liabilities and net assetsStart of year $1,149,027$1,633,655
Part XI · Reconciliation of net assets $1,329,381 net assets at year end
XI-1 Total revenue$2,414,136
XI-2 Total expenses$2,066,581
XI-3 Revenue less expenses$347,555
XI-4 Net assets at start of year$1,019,027
XI-8 Prior period adjustments−$37,201
XI-10 Net assets at end of year$1,329,381

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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