Civic Intelligence

Fusion Academy Scholarship Foundation

EIN 36-4776680 • 501(c)3 • Grand Rapids, MI

Profile

The fusion scholarship foundation is commited to changing lives through education. Founded by a dedicated community of parents, our mission is to provide accessibility to fusion's personalized learning environment to those who lack the financial resources to attend. We're working to make fusion's life changing educational experience possible for families with limited resources so that more students have the opportunity to flourish

72 Monroe Center NW BGrand Rapids, MI 49503-2930

www.fusionscholarship.org/FUSION-FOUNDATION

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

3rd percentile

-140%

Higher net margin than 3% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

84th percentile

$91,992

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 62.2% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

11th percentile

-27%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-49%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$549,489

Down $203,885 (-27%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$549,489

Down $203,885 (-27%) from 2023

Operations
Liabilities / Revenue35th percentileNet Margin3rd percentile

Revenue

Down

$147,835

Down $143,026 (-49%) from 2023

Expenses

Down

$354,315

Down $27,286 (-7.2%) from 2023

Net Income

Down

-$206,480

Down $115,740 (-128%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth11th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2020: $725,784Liabilities 2020: $0Net Assets 2020: $725,7842020Assets 2021: $878,019Liabilities 2021: $0Net Assets 2021: $878,0192021Assets 2022: $849,114Liabilities 2022: $0Net Assets 2022: $849,1142022Assets 2023: $753,374Liabilities 2023: $0Net Assets 2023: $753,3742023Assets 2024: $549,489Liabilities 2024: $0Net Assets 2024: $549,4892024

Highlighted filing

2024

Assets$549,489
Liabilities$0
Net Assets$549,489
Open 2024 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200K-$400KRevenue 2020: $183,475Expenses 2020: $16,941Net Income 2020: $166,5342020Revenue 2021: $245,818Expenses 2021: $93,583Net Income 2021: $152,2352021Revenue 2022: $174,188Expenses 2022: $203,093Net Income 2022: -$28,9052022Revenue 2023: $290,861Expenses 2023: $381,601Net Income 2023: -$90,7402023Revenue 2024: $147,835Expenses 2024: $354,315Net Income 2024: -$206,4802024

Highlighted filing

2024

Revenue$147,835
Expenses$354,315
Net Income-$206,480
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$549,489
Liabilities
$0
Net assets
$549,489
Revenue
$147,835
Expenses
$354,315
Net income
-$206,480
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$0.00$5.49$1.48$3.54$2.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.53$0.00$7.53$2.91$3.82$0.91
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.49$0.00$8.49$1.74$2.03$0.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.78$0.00$8.78$2.46$0.94$1.52
2020Detailed filing. Detailed filing data is available for this year.$7.26$0.00$7.26$1.83$0.17$1.67
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.1
Gross Receipts
$147,835
Mission and Program Overview

Mission

The fusion scholarship foundation is commited to changing lives through education. Founded by a dedicated community of parents, our mission is to provide accessibility to fusion's personalized learning environment to those who lack the financial resources to attend. We're working to make fusion's life changing educational experience possible for families with limited resources so that more students have the opportunity to flourish

Fusion academy scholarship foundation seeks to provide a life-changing experience to students who desperately need the benefits of personalized education but lack the resources to pay for it.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$753,374$549,489▼ $203,885
Total Assets$753,374$549,489▼ $203,885
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$753,374$549,489▼ $203,885
Total Net Assets Fund Balance$753,374$549,489▼ $203,885
Total Liabilities and Net Assets / Fund Balance$753,374$549,489▼ $203,885
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Jan FielderPresidentFT$91,992$91,992

Board Members and Trustees

NameTitle
Jennifer PavanBoard Member
Randy EisenmanBoard Member
Robin StorferBoard Member
Susan MordecaiBoard Member
Venessa KayrellSecretary
Susan SaxeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$147,835
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$147,835
Change in Net Assets
$-206,480
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$327,497
Other Expenses$26,818
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$325,000--$325,000
Office Expenses$12,187$12,187-$24,374
Grants to Domestic Individuals$2,497--$2,497
Other Expenses-$2,444-$2,444
Total Functional Expenses$339,684$14,631$0$354,315
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greater Houston Community FoundationHouston, TX501(c)(3)Donations to the Greater Houston Community Foundation Who Will Then in Turn Help Review Applications and Provide Possible Scholarship Funding to Fusion Students in the Future. the Purpose of These Grants Is to Facilitate the Admnistration of the Scholarship Program.$325,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“David martin, cfo, will review the 990 prior to filing. A draft copy of the 990 will be made available to all directors to review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The officers and directors are required to disclose any interests or transactions which would give rise to conflicts interest, under the conflicts of interest policy adopted. Upon disclosure of a possible conflict of interest the board of directors shall, in their discretion, determine any relevant actions needed.”

Form 990, Part VI, Section C, Line 19

“The organization does not make any other documents available for public inspection.”

Filing and Contact Details

Filer

Filer Name
Fusion Academy Scholarship Foundation
EIN
36-4776680
Phone
6163011221
Address
72 MONROE CENTER NW B, GRAND RAPIDS, MI 49503-2930

Signing Officer

Name
David Martin
Title
CFO
Phone
6163011221
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Martin
Formed
2015
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Plante & Moran Pllc
Address
8181 E TUFTS AVE SUITE 600, DENVER, CO 80237
Preparer
Dori J Eggett
Phone
3037409400
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“In prior years, the foundation made scholarships directly to students. In 2024, the foundation made donations to the greater houston community foundation, to the fusion scholarship foundation fund, who in turn awarded scholarship funds to the students.”

FORM 990, PART XI, LINE 9:

“RETURNED GRANTS 2,595.”

Raw XML Appendix346 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0325000
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IRS990/MissionDesc0THE FUSION SCHOLARSHIP FOUNDATION IS COMMITED TO CHANGING LIVES THROUGH EDUCATION. FOUNDED BY A DEDICATED COMMUNITY OF PARENTS, OUR MISSION IS TO PROVIDE ACCESSIBILITY TO FUSION'S PERSONALIZED LEARNING ENVIRONMENT TO THOSE WHO LACK THE FINANCIAL RESOURCES TO ATTEND. WE'RE WORKING TO MAKE FUSION'S LIFE CHANGING EDUCATIONAL EXPERIENCE POSSIBLE FOR FAMILIES WITH LIMITED RESOURCES SO THAT MORE STUDENTS HAVE THE OPPORTUNITY TO FLOURISH
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DONATIONS TO THE GREATER HOUSTON COMMUNITY FOUNDATION WHO WILL THEN IN TURN HELP REVIEW APPLICATIONS AND PROVIDE POSSIBLE SCHOLARSHIP FUNDING TO FUSION STUDENTS IN THE FUTURE. THE PURPOSE OF THESE GRANTS IS TO FACILITATE THE ADMNISTRATION OF THE SCHOLARSHIP PROGRAM.
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd077027
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0WE FACILITATE AN ANNUAL APPLICATION PROCESS FOR SCHOLARSHIP ASSISTANCE TO ATTEND FUSION LEARNING, INC. AND BARNSTABLE ACADEMY, INC. THE FOUNDATION STAFF GATHERS THE INFORMATION FOR EACH APPLICANT THROUGH A WEB BASED SUBMISSION FORM. WE EVALUATE THE CANDIDATES WITH A SCORECARD (ANNUAL INCOME AND TAX RETURN, PARENTS ABILITY TO PAY 5% OF TOTAL SCHOLARSHIP, A STUDENT ESSAY, A PARENT ESSAY, HEAD OF SCHOOL ENDORSEMENT AND STATEMENT). THE TOP 5 CANDIDATES IN EACH REGION ARE REVIEWED BY THE BOARD SELECTION COMMITTEE.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION BELIEVES THAT EMPOWERING TODAY'S YOUTH WITH A SOLID EDUCATIONAL FOUNDATION IS ESSENTIAL. FOR MANY STUDENTS, TRADITIONAL CLASSROOMS ARE NOT THE ENVIRONMENT WHERE LEARNING IS BEST ACHIEVED. FUSION ACADEMY IS A PRIVATE SCHOOL SYSTEM THAT OFFERS A REVOLUTIONARY EDUCATIONAL MODEL FOR STUDENTS WHO HAVE STRUGGLED IN A TRADITIONAL SCHOOL SYSTEM. THROUGH ITS FOCUS ON INDIVIDUALIZED LEARNING, FUSION ACADEMY PROVIDES UNIQUE EDUCATIONAL RESOURCES AND A CURRICULUM BASED ON THE STUDENT'S PERSONAL LEARNING STYLE, ABILITIES, AND EDUCATIONAL GOALS. IN ORDER TO OPTIMIZE THE NUMBER OF STUDENTS WHO CAN BENEFIT FROM ATTENDING FUSION ACADEMY, THE FOUNDATION HAS ESTABLISHED A SCHOLARSHIP PROGRAM TO ASSIST STUDENTS AND THEIR FAMILIES. SCHOLARSHIPS ARE AWARDED TO STUDENTS THAT SHOW DOCUMENTED PROOF OF FINANCIAL HARDSHIP. A DETAILED APPLICATION AND FAMILY ESSAY ARE ALSO REQUIRED. SCHOLARSHIP RECIPIENTS HAVE BEEN CHOSEN EACH YEAR FROM THE POOL OF APPLICANTS ATTENDING FUSION ACADEMY IN GRADES 6-12. SCHOLARSHIP RECIPIENTS HAVE BEEN CHOSEN ON AN OBJECTIVE AND NON-DISCRIMINATORY BASIS BY THE FOUNDATION'S BOARD OF DIRECTORS, WHICH IS A DIVERSE GROUP OF KNOWLEDGEABLE INDIVIDUALS INCLUDING TEACHERS, FORMER AND CURRENT FUSION ACADEMY PARENTS AND COMMUNITY SUPPORTERS. SCHOLARSHIP RECIPIENTS ARE CHOSEN BASED UPON AN ASSESSMENT OF FINANCIAL HARDSHIP, AS WELL AS THE STUDENT'S NEED FOR THE INDIVIDUALIZED LEARNING THAT FUSION ACADEMY OFFERS. IN ADDITION, SCHOLARSHIP RECIPIENTS MUST MAINTAIN A GRADE POINT AVERAGE OF 2.5 OR ABOVE, AND SHOW OUTSTANDING (90% OR BETTER) ATTENDANCE THROUGHOUT THE SCHOOL YEAR.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE I, PART III
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IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN PRIOR YEARS, THE FOUNDATION MADE SCHOLARSHIPS DIRECTLY TO STUDENTS. IN 2024, THE FOUNDATION MADE DONATIONS TO THE GREATER HOUSTON COMMUNITY FOUNDATION, TO THE FUSION SCHOLARSHIP FOUNDATION FUND, WHO IN TURN AWARDED SCHOLARSHIP FUNDS TO THE STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DAVID MARTIN, CFO, WILL REVIEW THE 990 PRIOR TO FILING. A DRAFT COPY OF THE 990 WILL BE MADE AVAILABLE TO ALL DIRECTORS TO REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANY INTERESTS OR TRANSACTIONS WHICH WOULD GIVE RISE TO CONFLICTS INTEREST, UNDER THE CONFLICTS OF INTEREST POLICY ADOPTED. UPON DISCLOSURE OF A POSSIBLE CONFLICT OF INTEREST THE BOARD OF DIRECTORS SHALL, IN THEIR DISCRETION, DETERMINE ANY RELEVANT ACTIONS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT MAKE ANY OTHER DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RETURNED GRANTS 2,595.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
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IRS990/USAddress/AddressLine1Txt072 MONROE CENTER NW B
IRS990/USAddress/CityNm0GRAND RAPIDS
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IRS990/WebsiteAddressTxt0WWW.FUSIONSCHOLARSHIP.ORG/FUSION-FOUNDATION
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID MARTIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum06163011221
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FUSION ACADEMY SCHOLARSHIP FOUNDATION
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ReturnHeader/Filer/PhoneNum06163011221
ReturnHeader/Filer/USAddress/AddressLine1Txt072 MONROE CENTER NW B
ReturnHeader/Filer/USAddress/CityNm0GRAND RAPIDS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd0495032930
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0331498605
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PLANTE & MORAN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08181 E TUFTS AVE SUITE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DENVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080237
ReturnHeader/PreparerPersonGrp/PhoneNum03037409400
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DORI J EGGETT
ReturnHeader/ReturnTs02025-05-15T08:18:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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