Fusion Partnerships INC EIN 52-2148413 Form 990 (PDF) Claim this org

Fusion Partnerships INC

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Empowers communities through education, activism, and new venture support. For fiscal year 2025 it reported $3.4M in revenue, $9.0M in expenses, and $-217K in net assets.Pt I

Founded
1998
Type
Public charity (501(c)(3)) · Community Development
Location
Baltimore, MD
Website
fusiongroup.org
Filings
7 on file (2019–2025)
Revenue
$3.4MFY2025
Expenses
$9.0M
Net assets
$-217K
People
10
Filings
7
Updates
0
More identity details & actions ⌄
EIN  52-2148413 Public charity (501(c)(3)) Baltimore, MD Founded 1998
Form 990 (PDF)
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Figures match the IRS filing checked 7/22/26 · see original: IRS
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Size
$1–10M
What they do
Empowers communities through education, activism, and new venture support.
Leadership
Litsa Williams · Board Member
Money in and out
$3.4M revenue, $9.0M expenses
Bottom line
90% program efficiency
Where the money goes · FY2025
Total revenue
$3.4M
Pt VIII · Ln 12
Total expenses
$9.0M
Pt IX · Ln 25
Net assets
$-217K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5.6M
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate▼ -95% vs prior filing year
Surplus margin
-166%
revenue over expenses, this year▼ -1202% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$3.4M
FY2025▼ -71%
Expenses
$9.0M
FY2025▼ -31%
Total assets
$252K
FY2025▼ -96%
Total liabilities
$469K
FY2025▲ +23%
Total revenue
$3.4M
Pt VIII · Ln 12
Total expenses
$9.0M
Pt IX · Ln 25
Net assets
$-217K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5.6M
Total assetsPt X · Ln 16$252K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $8.1M of program spending, described in the organization's own filed words · FY2025.
01

Through Collaborative action, including fiscal sponsorship, Fusion Partnerships, Inc. works to be a catalyst for social justice and peace. Our vision for Baltimore is to ensure that all citizens have equitable access to resources and opportunities to thrive.

$8.1Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFusion Partnerships INC
EINHdr · item D52-2148413
Principal addressHdr · item CBaltimore, MD
WebsiteHdr · item Jfusiongroup.org
Year of formationHdr · item L1998
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFJun 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Partner Executive Director
$0Pt VII · Sec A

Ladon Love James’s $152K as Partner Executive Director is at the 48th percentile of top reported officer pay among 2835 $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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Ladon Love James$152,163
Sarah McCann$118,404$110,308
Krystle Starvis$115,385
Allison L Duggan$109,846
Ladon Lave James$107,692
Jamye Wooten$100,962$105,000
Heber Brown$100,000
Lisa Bleich$74,539$95,000

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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Statement of Revenue

Part VIII
Contributions & grants$2.8M · 82%
Program service revenue$597K · 18%
Contributions & grants82%$2.8M
Program service revenue18%$597K
Total revenueLn 12$3.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$8.1M
Management & general10%$866K
Total functional expensesLn 25$9.0M

Balance Sheet

Part X · end of year
CashLn 1$170K
Total assetsLn 16$252K
Total liabilitiesLn 26$469K
Total net assetsLn 32$-217K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $170K · Operating expenses/yr $9.0M
0.2 months
Where the money goes
Program services
Program services $8.1M · Total expenses $9.0M
90%
Management & General
Management & general $866K · Total expenses $9.0M
10%
Fundraising
Fundraising $0 · Total expenses $9.0M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $265K · Solicited contributions (3-yr avg) $8.7M
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.8M · Total revenue $3.4M
82%
Government reliance
Government grants — · Total revenue $3.4M
Earned-income share
Program service revenue $597K · Total revenue $3.4M
18%
Investment reliance
Investment income $0 · Total revenue $3.4M
0%
Program self-sufficiency
Program service revenue $597K · Total expenses $9.0M
7%
Growth & trend
Revenue growth (YoY)
This year $3.4M · Prior year $11.5M
-71%
Revenue CAGR
FY2019 $8.0M · FY2025 $3.4M
-13%
Net-asset trend (YoY)
End of year $-217K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.4M · Expenses $9.0M
-166%
Liabilities-to-Assets
Total liabilities — · Total assets $252K
Net-asset ratio
Net assets $-217K · Total assets $252K
-86%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $252K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Litsa Williams · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $9.0M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.0M · Total expenses $9.0M
22%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Revenue growth -71%

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
See all 38 funders →

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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)$3.4M revenue · viewing · ⤓ 990 PDF
FY2024$11.5M revenue · ⤓ 990 PDF
FY2023$14.9M revenue · ⤓ 990 PDF
FY2022$16.8M revenue · ⤓ 990 PDF
FY2021$14.5M revenue · ⤓ 990 PDF
FY2020$16.1M revenue · ⤓ 990 PDF
FY2019$8.0M revenue · ⤓ 990 PDF

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Sources

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