EIN 86-3094674

Fusion Industry Association

IRS 501(c) type
501(c)(6)
Num. employees
3
Year formed
2021
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Fusion Industry Association serves as the unified voice of the growing fusion industry, aiming to revolutionize the global energy system by providing a clean, safe, and sustainable form of always-on energy. It advocates for private fusion companies to have access to public scientific research while supporting public-private partnerships. Additionally, it actively engages with regulatory bodies such as the US Nuclear Regulatory Commission and State regulators to ensure that regulations are designed and implemented in a cost-efficient and timely manner. The FIA is located in Washington, DC.
Total revenues
$1,084,089
2023
Total expenses
$996,175
2023
Total assets
$246,515
2023
Num. employees
3
2023

Program areas at Fusion Industry Association

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.
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.
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.

Personnel at Fusion Industry Association

NameTitleCompensation
Andrew HollandChief Executive Officer$215,000
Caroline AndersonManager for Outreach
Jennifer GantenTreasurer$0
Jeffrey MerrifieldSecretary$0
Christopher AjemianPast Treasurer$0

Financials for Fusion Industry Association

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,071,500
Program services$12,589
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,084,089

Form 990s for Fusion Industry Association

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-10990View PDF
2022-122023-10-19990View PDF
2021-122022-09-23990View PDF
Data update history
August 18, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 31, 2024
Updated personnel
Identified 5 new personnel
July 20, 2024
Used new vendors
Identified 1 new vendor, including
November 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 27, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Trade associationsBusiness and community development organizations
Issues
Science and technologyEnergy conservationEnvironmentBusiness and industry
Characteristics
MembershipsPolitical advocacyOperates internationally
General information
Address
800 Maine Ave SW - Suite 223
Washington, DC 20024
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
fusionindustryassociation.org/ 
Phone
(202) 486-2814
IRS details
EIN
86-3094674
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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