Nonprofit · EIN 86-3094674
FUSION INDUSTRY ASSOCIATION
Tax-exempt · WASHINGTON, DC 20004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,980,860 | $2,034,802 | -$53,942 | $283,450 | $4,012 | $279,438 |
| December 31, 2024 | 990 | $1,445,268 | $1,367,177 | $78,091 | $333,380 | $0 | $333,380 |
| December 31, 2023 | 990 | $1,084,089 | $996,175 | $87,914 | $246,515 | $0 | $246,515 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,751,340
- Membership dues
- $1,751,340
- Program service revenue
- $229,520
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $234,250
- Other salaries and wages
- $350,178
- Salaries, compensation and benefits (total)
- $655,072
- Professional fundraising fees
- $0
- Legal fees
- $381,127
- Occupancy
- $83,527
- Travel
- $58,380
Balance sheet and other
- Total assets, start of year
- $333,380
- Total assets, end of year
- $283,450
- Total liabilities, end of year
- $4,012
- Net assets, end of year
- $279,438
- Net assets without donor restrictions
- $279,438
- Gross receipts
- $1,980,860
- Employees
- 9
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Andrew Holland | Chief Executive Officer Officer | 40 | $234,250 |
| Christofer Mowry | Director Trustee or director | 1 | $0 |
| R David Edelman | Director Trustee or director | 1 | $0 |
| Robert Mumgaard | Director Trustee or director | 1 | $0 |
| Ryan Umstattd | Chairman of the Board Trustee or director | 1 | $0 |
| Sachin Desai | Director Trustee or director | 1 | $0 |
| Greg Twinney | Director Trustee or director | 1 | $0 |
| Kathleen Kelly | Director Trustee or director | 1 | $0 |
| Lucio Milanese | Director Trustee or director | 1 | $0 |
| Gunter Kraft | Director Trustee or director | 1 | $0 |
| Jacqueline Siebens | Director Trustee or director | 1 | $0 |
| Jennifer Ganten | Treasurer Officer | 1 | $0 |
| Jeffrey Merrifield | Secretary Officer | 1 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Andrew Holland | Chief Executive Officer Officer | 40 | $226,000 |
| Christofer Mowry | Director Trustee or director | 1 | $0 |
| R David Edelman | Director Trustee or director | 1 | $0 |
| Robert Mumgaard | Director Trustee or director | 1 | $0 |
| Ryan Umstattd | Chairman of the Board Trustee or director | 1 | $0 |
| Sachin Desai | Director Trustee or director | 1 | $0 |
| Greg Twinney | Director Trustee or director | 1 | $0 |
| Kathleen Kelly | Director Trustee or director | 1 | $0 |
| Jennifer Ganten | Treasurer Officer | 1 | $0 |
| Jeffrey Merrifield | Secretary Officer | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Andrew Holland | Chief Executive Officer Officer | 40 | $215,000 | $3,370 |
| Christofer Mowry | Director Trustee or director | 1 | $0 | $0 |
| David Edelman | Director Trustee or director | 1 | $0 | $0 |
| Robert Mumgaard | Director Trustee or director | 1 | $0 | $0 |
| Ryan Umstattd | Director Trustee or director | 1 | $0 | $0 |
| Sachin Desai | Director Trustee or director | 1 | $0 | $0 |
| Greg Twinney | Director Trustee or director | 1 | $0 | $0 |
| Jennifer Ganten | Treasurer Officer | 1 | $0 | $0 |
| Jeffrey Merrifield | Secretary Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1455 PENNSYLVANIA AVE NW STE 320, WASHINGTON, DC 20004-1039
- In care of
- % ANDREW HOLLAND
- Principal officer (990 for 2025)
- Andrew Holland, 1455 Pennsylvania Ave NW Suite 320, Washington, DC 20004
- Signed the 990
- Andrew Holland, Chief Executive Officer
- Phone
- (202) 486-2814
- Return prepared by
- Dominion Financial Consultants LLC
Mission
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.
Program accomplishments
- 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. Furthermore, the Public-Private Partnerships that include government support to private fusion companies can rapidly accelerate fusion development by driving private financial support. The FIA works to support public-private partnerships that will allow direct engagement between private fusion industry and scientists.
- 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. Likewise, ensuring that fusion experiments and power plants pose the minimum risk to the public is of paramount importance to the industry. Therefore, a key priority of the FIA is to directly engage with regulators in a transparent manner as they determine appropriate, risk-informed regulation for the industry.
- 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. Through traditional media, social media, and direct engagement, the FIA is educating key stakeholders in the private, public, and philanthropic sectors about the importance of tomorrow's fusion power economy.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-3094674
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C35)
- Assets (IRS master file)
- $283,450
- Income (IRS master file)
- $1,980,860
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,980,860 | $2,034,802 | $283,450 | XML |
| 990 | December 2024 | $1,445,268 | $1,367,177 | $333,380 | XML |
| 990 | December 2023 | $1,084,089 | $996,175 | $246,515 | XML |
| 990 | December 2022 | $699,760 | $656,985 | $174,601 | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-3094674).
Questions about FUSION INDUSTRY ASSOCIATION
- What is the EIN of FUSION INDUSTRY ASSOCIATION?
- The employer identification number (EIN) of FUSION INDUSTRY ASSOCIATION is 86-3094674.
- Is FUSION INDUSTRY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2022.
- Are donations to FUSION INDUSTRY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FUSION INDUSTRY ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FUSION INDUSTRY ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FUSION INDUSTRY ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FUSION INDUSTRY ASSOCIATION?
- The 990 for the year ended December 31, 2025 names Andrew Holland.
- Who are the officers and directors of FUSION INDUSTRY ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $234,250 (Andrew Holland, Chief Executive Officer).
- How much revenue does FUSION INDUSTRY ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,980,860, expenses of $2,034,802 and total assets of $283,450 at year end.
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