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Fusion Industry Association

Not tax-deductible

Washington, DC501(c)(6)Since 2021Environment EIN 86-3094674Revenue $2.0M in FY2025

On file with the IRSfusionindustryassociation.org1455 Pennsylvania Ave Nw Ste 320, 20004-1039 · Washington, DCTax-exempt since Jun 2022

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The Fusion Industry Association (FIA) is the unified voice of the growing fusion industry. Fusion energy, when commercialized, will revolutionize the global energy system by providing a clean, safe, sustainable form of always-on energy. The FIA's members and affiliate members have the common business interest of accelerating the date of commercial fusion energy, and - once commercialized - increasing its use in the U.S. and global marketplace. The FIA seeks to accelerate this date of commercialization through direct engagement with governments and the public to educate and advocate for fusion. All activities of the organization work to support these goals.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$234K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $52K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$234K
to officers and key staff · 12% of spending
Top officer’s pay higher than 90% of similar orgs
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $22K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+37% vs prior year
Spent
$2.0M
Net assets
$279K
By yearFY2021–FY2025
Revenue
$2.0M
FY2025▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2021$461K
FY2022$700K
FY2023$1.1M
FY2024$1.4M
FY2025$2.0M
Expenses
$2.0M
FY2025▲ +49%
Tap a bar for its year
Expenses by fiscal year
FY2021$357K
FY2022$657K
FY2023$996K
FY2024$1.4M
FY2025$2.0M
Net assets
$279K
FY2025▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2021$104K
FY2022$175K
FY2023$247K
FY2024$333K
FY2025$279K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2022.

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

Who runs it and what they're paid

13 people listed on the 990; $234K paid to officers and key staff.

Part VII, Section A · reportable compensation
Andrew Holland
Chief Executive Officer
$234,250Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ryan Umstattd
Chairman of the Board
$0Pt VII · Sec A
Sachin Desai
Director
$0Pt VII · Sec A
Greg Twinney
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Andrew Holland’s $234K as Chief Executive Officer is at the 90th percentile of top reported officer pay among 1851 $1–10M environment 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Andrew Holland$234,250$226,000$215,000$199,191$126,667

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

Advocates for and educates the public and governments to accelerate commercial fusion energy development and use.

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Provided by the organization

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3 programs · in their own filed words · FY2025
01

Supporting Public-Private Partnerships

For decades, government-funded scientists have engaged in research into plasma physics and fusion energy. The FIA advocates for private fusion companies to have access to that scientific research, with the scientists, institutions, and scientific products produced.

Pt IX · col B
02

Regulatory Engagement

Fusion power plants will be subject to regulation by the US Nuclear Regulatory Commission and State regulators when built. How those regulations are designed and implemented will have a material impact on the costs and timescales for building power plants and driving investment.

Pt IX · col B
03

External Communications

Ensuring that stakeholders and policymakers know about the importance of clean, safe, affordable, and secure fusion energy to the future energy system is a key part of the FIA's exempt mission.

Pt IX · col B

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 · FY2021
Clearpath INCFY2021$22K
Total grants receivedfrom 1 funder$22K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$1.8M
Fees for servicesLn 2g$230K
Money outPt IX
$2.0M
Ln 25
Owns and owesPt X
$279K
net assets · Ln 32
Cash and savingsLn 1–2$283K
Total assetsLn 16$283K
LiabilitiesLn 26$4K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Fees for servicesLn 2g$230K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$283K
Cash and savings togetherLn 1–2$283K
Other assetsLn 15$0
Total assetsLn 16$283K
LiabilitiesLn 26$4K
Net assetsLn 32$279K
OperationsPt I, VI
EmployeesI 59
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$315K$283K
Total assetsLn 16$333K$283K
LiabilitiesLn 26$0$4K
Net assetsLn 32$333K$279K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$234K
Other salaries and wagesLn 7$350K
Other employee benefitsLn 9$23K
Payroll taxesLn 10$47K
Management feesLn 11a$4K
Legal feesLn 11b$381K
Lobbying feesLn 11d$435K
Advertising and promotionLn 12$630
Office expensesLn 13$10K
Information technologyLn 14$19K
OccupancyLn 16$84K
TravelLn 17$58K
Conferences, conventions and meetingsLn 19$377K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$7K
All other expensesLn 24e$22
Total functional expensesLn 25$2.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.0M$2.0M−$54K$279K 990 PDF
FY2024 $1.4M$1.4M$78K$333K 990 PDF
FY2023 $1.1M$996K$88K$247K 990 PDF
FY2022 $700K$657K$43K$175K 990 PDF
FY2021 $461K$357K$104K$104K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,980,860 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,335,758$1,751,340
I-9 Program service revenuePrior year $109,510$229,520
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,445,268$1,980,860
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $349,157$655,072
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,018,020$1,379,730
I-18 Total expensesPrior year $1,367,177$2,034,802
I-19 Revenue less expensesPrior year $78,091−$53,942
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $1,980,860 across 4 lines filed
VIII-1b Membership dues$1,751,340
VIII-1h Total contributions, gifts and grants$1,751,340
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $229,520$229,520
VIII-12 Total revenueRelated to mission $229,520 · Unrelated business $0 · Excluded from tax $0$1,980,860
Part IX · Statement of functional expenses $2,034,802 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$234,250
IX-7 Other salaries and wages$350,178
IX-9 Other employee benefits$23,287
IX-10 Payroll taxes$47,357
IX-11a Management fees$3,958
IX-11b Legal fees$381,127
IX-11d Lobbying fees$434,974
IX-12 Advertising and promotion$630
IX-13 Office expenses$9,591
IX-14 Information technology$19,426
IX-16 Occupancy$83,527
IX-17 Travel$58,380
IX-19 Conferences, conventions and meetings$377,146
IX-23 Insurance$4,415
IX-24 Other expenses (24a–d)$6,534
IX-24e All other expenses$22
IX-25 Total functional expenses$2,034,802
Part X · Balance sheet $283,450 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $315,180$283,450
X-15 Other assetsStart of year $18,200$0
X-16 Total assetsStart of year $333,380$283,450
X-25 Other liabilitiesStart of year $0$4,012
X-26 Total liabilitiesStart of year $0$4,012
X-27 Net assets without donor restrictionsStart of year $333,380$279,438
X-32 Total net assets or fund balancesStart of year $333,380$279,438
X-33 Total liabilities and net assetsStart of year $333,380$283,450
Part XI · Reconciliation of net assets $279,438 net assets at year end
XI-1 Total revenue$1,980,860
XI-2 Total expenses$2,034,802
XI-3 Revenue less expenses−$53,942
XI-4 Net assets at start of year$333,380
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$279,438

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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