Fusion FY2021 filing
Improves performing arts quality in Albuquerque. For fiscal year 2021 it reported $957K in revenue, $439K in expenses, and $588K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Arts & Culture
- Location
- Albuquerque, NM
- Website
- www.fusionabq.org
- Filings
- 5 on file (2020–2021)
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Summary of the Filing
Where the work happens
The Organization was able to have four live performance during the year return to their normal schedule of performances.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Dennis Gromelski’s $75K as Board Chairman is at the 69th 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 · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2020 |
|---|---|---|---|
| Jacqueline Reid | $72,045 | $75,347 | $9,588 |
| Dennis Gromelski | $74,556 | $72,969 | $12,487 |
| Laurie Thomas | $6,146 | — | $3,008 |
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
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 85% | — | — |
| Overhead ratio | 13% | — | — |
| Fundraising cost ratio | 2% | — | — |
| Revenue growth | 302% | — | — |
| Accounting fee ratio | 1% | — | — |
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
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Filings & Schedule Manifest
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Sources
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