Liabilities / Assets
12th percentile
Tied with the lowest-debt nonprofits in its peer group.
Fusion Industry Association
EIN 86-3094674 • 501(c)6 • Washington, DC
Profile
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.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
13th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
53rd percentile
Higher net margin than 53% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 15.6% of source-year revenue.
Asset Growth
92nd percentile
Faster asset growth than 92% of similar nonprofits.
Revenue Growth
88th percentile
Faster revenue growth than 88% of similar nonprofits.
Balance Sheet
Assets
Up$333,380
Up $86,865 (+35%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Up$333,380
Up $86,865 (+35%) from 2023
Revenue
Up$1,445,268
Up $361,179 (+33%) from 2023
Expenses
Up$1,367,177
Up $371,002 (+37%) from 2023
Net Income
Down$78,091
Down $9,823 (-11%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $333,380
- Liabilities
- $0
- Net assets
- $333,380
- Revenue
- $1,445,268
- Expenses
- $1,367,177
- Net income
- $78,091
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 12, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $1,445,268
Mission and Program Overview
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.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $246,515 | $315,180 | ▲ $68,665 |
| Total Assets | $264,715 | $333,380 | ▲ $68,665 |
| Other Assets Total | $18,200 | $18,200 | → $0 |
| Liabilities | |||
| Other Liabilities | $9,426 | $0 | ▼ $9,426 |
| Total Liabilities | $9,426 | $0 | ▼ $9,426 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $255,289 | $333,380 | ▲ $78,091 |
| Total Net Assets Fund Balance | $255,289 | $333,380 | ▲ $78,091 |
| Total Liabilities and Net Assets / Fund Balance | $264,715 | $333,380 | ▲ $68,665 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $18,200 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Andrew Holland | Chief Executive Officer | FT | $226,000 | $226,000 |
Board Members and Trustees
| Name | Title |
|---|---|
| Ryan Umstattd | Chairman of the Board |
| Christofer Mowry | Director |
| Greg Twinney | Director |
| Kathleen Kelly | Director |
| R David Edelman | Director |
| Robert Mumgaard | Director |
| Sachin Desai | Director |
| Jeffrey Merrifield | Secretary |
| Jennifer Ganten | Treasurer |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Dentons Global Advisors Europe SA | EU Advocacy Activities | 1200 Seventeenth Street NW, Washington, DC 20036, Be | $197,629 |
| Pillsbury Winthrop Shaw Pittman LLP | Strategic and Regulatory Advisory | 511 Union St Ste 1820, Nashville, TN 37219 | $195,316 |
| Venture Government Strategies LLC | Federal Advocacy | - | $120,000 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $1,335,758
- Program Service Revenue
- $109,510
- Investment Income
- $0
- Other Revenue
- $0
- Change in Net Assets
- $78,091
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $1,018,020 |
| Salaries, Compensation, and Employee Benefits | $349,157 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Legal | - | - | - | $482,441 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $226,000 |
| Fees for Services Lobbying | - | - | - | $198,503 |
| Conferences and Meetings | - | - | - | $159,211 |
| Other Salaries and Wages | - | - | - | $88,496 |
| Fees for Services Management | - | - | - | $76,561 |
| Occupancy | - | - | - | $46,197 |
| Travel | - | - | - | $26,654 |
| Payroll Taxes | - | - | - | $23,653 |
| Other Employee Benefits | - | - | - | $11,008 |
| Office Expenses | - | - | - | $7,605 |
| Information Technology | - | - | - | $3,588 |
| Insurance | - | - | - | $3,421 |
| Advertising | - | - | - | $893 |
| Other Expenses | - | - | - | $488 |
| All Other Expenses | - | - | - | $238 |
| Total Functional Expenses | $0 | $0 | $0 | $1,367,177 |
International Activity
International Summary
- Offices
- 0
- Employees
- 4
- Spending
- $287,125
International Compliance
- Activity in boycott countries
- No
- Foreign corporation ownership
- No
- Foreign partnership interest
- No
- Interest in foreign trust
- No
- Passive foreign investment company interest
- No
- Transfers to foreign corporations
- No
International Activities
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium | Program Services | Consultants in Brussels | 0 | 3 | $197,629 |
| Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium | Program Services | Consultant in UK | 0 | 1 | $89,496 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- In-house lobbying only
- No
- Subject to proxy tax
- Yes
Reported Spending and Taxes
| Line Item | Amount |
|---|---|
| Current Year Nondeductible Lobbying and Political Cost | $198,503 |
| Total Nondeductible Lobbying and Political Cost | $171,291 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Backup withholding compliance
- 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
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, line 6
“The FIA is a membership organization that supports efforts to accelerate commercial fusion energy through advocacy and education. Membership is open to all organizations that support the mission and are actively engaging in research or developing fusion energy systems. Continuing Membership is contingent upon being up to date on Membership dues of the organization. All applicants shall, as a condition of Membership, agree to comply with FIA's Code of Ethics as approved by the Board of Directors.”
Form 990, Part VI, Section A, line 7A
“Members wishing to nominate a board member must be a qualified voting Member and pay dues at the level of Board Membership set annually by the Board of Directors.”
Form 990, Part VI, Section A, line 7B
“Members are required to vote at the annual meeting on a slate of Directors nominated to serve on the Board.”
Form 990, Part VI, Section B, line 11B
“Each member of the Board of Directors receives a copy of the 990 via email, and is then given a chance to ask questions and raise concerns over a reasonable time period. The Board then votes to approve submission at an extraordinary meeting.”
Form 990, Part VI, Section B, line 12C
“The policy was discussed at the annual membership meeting and all members are directed to comply with the ethics and conflict of interest guidelines.”
Form 990, Part VI, Section B, line 15
“1. Review and approval: The compensation of the person is reviewed and approved by the Board of Directors or Compensation Committee of the Organization, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. 2. Use of data as to comparable compensation: The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. 3. Contemporaneous documentation and recordkeeping: There is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation agreement.”
Form 990, Part VI, Section C, line 19
“Available upon request”
Filing and Contact Details
Filer
- Filer Name
- Fusion Industry Association
- EIN
- 86-3094674
- Phone
- 2024862814
- Address
- 1455 Pennsylvania Ave NW 320, Washington, DC 20004
Signing Officer
- Name
- Andrew Holland
- Title
- Chief Executive Officer
- Phone
- 2024862814
- Signed
- 2025-11-12
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Andrew Holland
- Formed
- 2021
- Legal Domicile
- Dc
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 7
- Volunteers
- 0
Preparer
- Firm
- Dominion Financial Consultants LLC
- Address
- 1701 Pennsylvania Ave NW Ste 200, Washington, DC 20006
- Preparer
- Christine R Mistr CPA JD
- Phone
- 2025525992
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | 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. |
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| IRS990/MissionDesc | 0 | 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. |
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| IRS990/OtherExpensesGrp/Desc | 2 | Payroll Fees |
| IRS990/OtherExpensesGrp/Desc | 3 | Bank Charges & Fees |
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| IRS990/OtherExpensesGrp/TotalAmt | 1 | 4085 |
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| IRS990/PrincipalOfficerNm | 0 | Andrew Holland |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | 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. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | 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. |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Andrew Holland |
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| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | The FIA has a policy on the determining compensation for the Organization's chief employed executive and other Officers or Key Employees. The process includes all of these elements: (1) review and approval by the Board of Directors or Compensation Committee of the Organization; (2) use of data as to comparable compensation; and (3) contemporaneous documentation and record keeping. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I, Line 3 |
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| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The FIA is a membership organization that supports efforts to accelerate commercial fusion energy through advocacy and education. Membership is open to all organizations that support the mission and are actively engaging in research or developing fusion energy systems. Continuing Membership is contingent upon being up to date on Membership dues of the organization. All applicants shall, as a condition of Membership, agree to comply with FIA's Code of Ethics as approved by the Board of Directors. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Members wishing to nominate a board member must be a qualified voting Member and pay dues at the level of Board Membership set annually by the Board of Directors. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Members are required to vote at the annual meeting on a slate of Directors nominated to serve on the Board. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Each member of the Board of Directors receives a copy of the 990 via email, and is then given a chance to ask questions and raise concerns over a reasonable time period. The Board then votes to approve submission at an extraordinary meeting. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | The policy was discussed at the annual membership meeting and all members are directed to comply with the ethics and conflict of interest guidelines. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 1. Review and approval: The compensation of the person is reviewed and approved by the Board of Directors or Compensation Committee of the Organization, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. 2. Use of data as to comparable compensation: The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. 3. Contemporaneous documentation and recordkeeping: There is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation agreement. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Available upon request |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, line 6 |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section A, line 7b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section B, line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part VI, Section C, line 19 |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Chief Executive Officer |
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