Civic Intelligence

Fuse Innovation Fund

990 • Fiscal year 2023 • EIN 87-0800705

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

PO Box 4897Seattle, WA 98194

(206) 420-0133

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.49x

Higher debt load relative to assets than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.27x

Higher debt load relative to revenue than 70% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

83rd percentile

$149,350

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

96th percentile

148%

Faster asset growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

72nd percentile

26%

Faster revenue growth than 72% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$778,630

Flat from 2023

Net Assets

Flat

$400,848

Flat from 2023

Liabilities

Flat

$377,782

Flat from 2023

Revenue

Flat

$1,419,590

Flat from 2023

Expenses

Flat

$1,067,040

Flat from 2023

Net Income

Flat

$352,550

Flat from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.0M$0-$1.0MAssets 2010: $116,808Liabilities 2010: $59,094Net Assets 2010: $57,7142010Assets 2011: $186,878Liabilities 2011: $197,641Net Assets 2011: -$10,7632011Assets 2012: $157,220Liabilities 2012: $235,025Net Assets 2012: -$77,8052012Assets 2013: $51,928Liabilities 2013: $230,078Net Assets 2013: -$178,1502013Assets 2014: $67,118Liabilities 2014: $186,739Net Assets 2014: -$119,6212014Assets 2015: $182,884Liabilities 2015: $161,376Net Assets 2015: $21,5082015Assets 2016: $203,235Liabilities 2016: $136,546Net Assets 2016: $66,6892016Assets 2017: $251,487Liabilities 2017: $193,494Net Assets 2017: $57,9932017Assets 2018: $503,409Liabilities 2018: $186,236Net Assets 2018: $317,1732018Assets 2019: $718,706Liabilities 2019: $348,656Net Assets 2019: $370,0502019Assets 2020: $1,620,847Liabilities 2020: $256,119Net Assets 2020: $1,364,7282020Assets 2021: $1,992,259Liabilities 2021: $263,208Net Assets 2021: $1,729,0512021Assets 2022: $313,989Liabilities 2022: $280,611Net Assets 2022: $33,3782022Assets 2023: $778,630Liabilities 2023: $377,782Net Assets 2023: $400,8482023Assets 2023: $778,630Liabilities 2023: $377,782Net Assets 2023: $400,8482023

Highlighted filing

2023

Assets$778,630
Liabilities$377,782
Net Assets$400,848

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2010: $294,971Expenses 2010: $292,245Net Income 2010: $2,7262010Expenses 2011: $347,8692011Revenue 2012: $290,527Expenses 2012: $355,484Net Income 2012: -$64,9572012Revenue 2013: $315,017Expenses 2013: $417,447Net Income 2013: -$102,4302013Revenue 2014: $453,723Expenses 2014: $395,194Net Income 2014: $58,5292014Revenue 2015: $598,126Expenses 2015: $454,881Net Income 2015: $143,2452015Revenue 2016: $653,842Expenses 2016: $616,127Net Income 2016: $37,7152016Revenue 2017: $810,708Expenses 2017: $831,028Net Income 2017: -$20,3202017Revenue 2018: $1,316,285Expenses 2018: $1,063,275Net Income 2018: $253,0102018Revenue 2019: $1,336,281Expenses 2019: $1,283,404Net Income 2019: $52,8772019Revenue 2020: $2,207,802Expenses 2020: $1,213,124Net Income 2020: $994,6782020Revenue 2021: $1,166,383Expenses 2021: $795,440Net Income 2021: $370,9432021Revenue 2022: $1,125,930Expenses 2022: $2,801,178Net Income 2022: -$1,675,2482022Revenue 2023: $1,419,590Expenses 2023: $1,067,040Net Income 2023: $352,5502023Revenue 2023: $1,419,590Expenses 2023: $1,067,040Net Income 2023: $352,5502023

Highlighted filing

2023

Revenue$1,419,590
Expenses$1,067,040
Net Income$352,550
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$1,419,590
Mission and Program Overview

Mission

To develop creative programs to educate and engage activists about critical issues in Washington State

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$224,965$420,740▲ $195,775
Accounts Receivable$89,024$357,890▲ $268,866
Total Assets$313,989$778,630▲ $464,641
Liabilities
Other Liabilities$280,611$370,094▲ $89,483
Accounts Payable and Accrued Expenses-$7,688-
Total Liabilities$280,611$377,782▲ $97,171
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$356,497-
Net Assets With Donor Restrictions$33,378$44,351▲ $10,973
Total Net Assets Fund Balance$33,378$400,848▲ $367,470
Total Liabilities and Net Assets / Fund Balance$313,989$778,630▲ $464,641

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$6,169$6,169
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Aaron OstromExecutive DirectorPT$149,350$149,350

Board Members and Trustees

NameTitle
Adam GlickmanChair
Daniel WeiseVice Chair
Ahmed GayaDirector
Dean NielsenDirector
Jeff HansenDirector
Lyle QuasimDirector
Ruth LipscombDirector
Sharlett MenaDirector
Tom MillerDirector
Yazmin MehdiDirector
Julie RobinsonSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,419,574
Program Service Revenue
$0
Investment Income
$16
Other Revenue
$0
All Other Contributions
$1,418,324
Change in Net Assets
$352,550

Noncash Contribution Practices

Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$179,406Fair Market Value
Total Noncash Contributions4$179,406-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$683,258
Other Expenses$201,435
Grants and Similar Amounts Paid$182,347
Total Fundraising Expense$6,267
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$354,640$139,183$568$494,391
Grants to Domestic Orgs$182,347--$182,347
Fees for Services Other$105,274--$105,274
Other Employee Benefits$48,984$19,317$690$68,991
Current Officers, Directors, Trustees, and Key Employees$48,069$14,845$460$63,374
Payroll Taxes$40,116$14,701$1,685$56,502
Occupancy$25,199$9,937$355$35,491
Other Expenses$14,357$9,288$1,803$25,448
Travel$12,783$1,082$93$13,958
Fees for Services Accounting-$4,480-$4,480
Office Expenses$849$1,988$265$3,102
Fees for Services Legal-$1,681-$1,681
Conferences and Meetings$237$199$85$521
Insurance-$318-$318
Total Functional Expenses$841,282$219,491$6,267$1,067,040
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Center for Voter ResearchSpokane, WA501c3Civic Engagement$95,824
Common PowerSeattle, WA-Civic Engagement$28,283
Unitarian Universalist Church of SpokaneSpokane, WA501c3Support for Immigrant Families in Need$20,000
Latinos en SpokaneSpokane, WA501c3Support for Immigrant Families in Need$10,000
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$370,094
Payable to Related Entity Fuse Washington-
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
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 12C

Board members and staff must disclose any conflicts of interest and the agreement is reviewed at least annually

Form 990, Part VI, Section B, Line 15A

The Executive Directors salary is reviewed annually by a board personnel committee.

Form 990, Part VI, Section C, Line 19

The organization makes its 990 and organizing documents available to the public upon request

Filing and Contact Details

Filer

Filer Name
Fuse Innovation Fund
EIN
87-0800705
Phone
2064200133
Address
PO Box 4897, Seattle, WA 98194

Signing Officer

Name
Aaron Ostrom
Title
Executive Director
Phone
2064200133
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aaron Ostrom
Formed
2007
Legal Domicile
Wa
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
25

Preparer

Firm
Advocate Accounting LLC
Address
1916 Pike Pl Ste 12 PMB 323, Seattle, WA 98101
Preparer
Erin Louis
Phone
2062164629
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0690
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019317
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt048984
IRS990/OtherEmployeeBenefitsGrp/TotalAmt068991
IRS990/OtherExpensesGrp/Desc0Equipment Rental, Maintenance, and Updates
IRS990/OtherExpensesGrp/Desc1Printing, Postage Supplies
IRS990/OtherExpensesGrp/Desc2Bank Processing Fees
IRS990/OtherExpensesGrp/Desc3Dues Subscriptions
IRS990/OtherExpensesGrp/FundraisingAmt0263
IRS990/OtherExpensesGrp/FundraisingAmt11803
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0388
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11039
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21045
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt39288
IRS990/OtherExpensesGrp/ProgramServicesAmt01029
IRS990/OtherExpensesGrp/ProgramServicesAmt17398
IRS990/OtherExpensesGrp/ProgramServicesAmt214357
IRS990/OtherExpensesGrp/TotalAmt01417
IRS990/OtherExpensesGrp/TotalAmt18700
IRS990/OtherExpensesGrp/TotalAmt21045
IRS990/OtherExpensesGrp/TotalAmt325448
IRS990/OtherLiabilitiesGrp/BOYAmt0280611
IRS990/OtherLiabilitiesGrp/EOYAmt0370094
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0568
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0139183
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0354640
IRS990/OtherSalariesAndWagesGrp/TotalAmt0494391
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01685
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014701
IRS990/PayrollTaxesGrp/ProgramServicesAmt040116
IRS990/PayrollTaxesGrp/TotalAmt056502
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Aaron Ostrom
IRS990/PriorPeriodAdjustmentsAmt014920
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Education and Engagement Educated and engaged with Washington residents about critical quality of life issues through direct activist contact, email, media and other tools.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0316321
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0159107
IRS990/ProgSrvcAccomActy3Grp/Desc0General advocacy including expanded organizing in eastern Washington, racial equity work, Washington voting justice advocacy, and community justice program.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0391752
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01124342
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01511622
IRS990/PYInvestmentIncomeAmt098
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0364099
IRS990/PYProgramServiceRevenueAmt01490
IRS990/PYRevenuesLessExpensesAmt0-1675248
IRS990/PYSalariesCompEmpBnftPaidAmt0925457
IRS990/PYTotalExpensesAmt02801178
IRS990/PYTotalRevenueAmt01125930
IRS990/QuidProQuoContributionsInd0false
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0352550
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01419574
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01124342
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01166222
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02204439
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01335394
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07249971
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt016
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0161
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0357
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0887
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01421
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91680
IRS990ScheduleA/PublicSupportPY170Pct00.96090
IRS990ScheduleA/PublicSupportTotal170Amt06650821
IRS990ScheduleA/SubstantialContributorsTotAmt0599150
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01419574
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01124342
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01166222
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02204439
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01335394
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07249971
IRS990ScheduleA/TotalSupportAmt07254392
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus2Amt019500
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus3Amt027328
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/TotalAmt046828
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt037077
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt049078
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt055518
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0141673
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0288779
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0148309
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt0196312
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0633400
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt0721
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt02279
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt08976
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt011976
IRS990ScheduleC/Form4720FiledInd0false
IRS990ScheduleC/GrassrootsCeilingAmt0212510
IRS990ScheduleC/LobbyingCeilingAmt0950100
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06169
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06169
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0370094
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payable to Related Entity Fuse Washington
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalLiabilityAmt0370094
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt020000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt295824
IRS990ScheduleI/RecipientTable/CashGrantAmt328283
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501c3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501c3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Support for Immigrant Families in Need
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Support for Immigrant Families in Need
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Civic Engagement

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.78$0.38$0.40$1.42$1.07$0.35
2023Summary only. Only limited summary data is available for this year.$0.78$0.38$0.40$1.42$1.07$0.35
2022Summary only. Only limited summary data is available for this year.$0.31$0.28$0.03$1.13$2.80$1.68
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$0.26$1.73$1.17$0.80$0.37
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.62$0.26$1.36$2.21$1.21$0.99
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.35$0.37$1.34$1.28$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.19$0.32$1.32$1.06$0.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.19$0.06$0.81$0.83$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.14$0.07$0.65$0.62$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.16$0.02$0.60$0.45$0.14
2014Summary only. Only limited summary data is available for this year.$0.07$0.19$0.12$0.45$0.40$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.05$0.23$0.18$0.32$0.42$0.10
2012Summary only. Only limited summary data is available for this year.$0.16$0.24$0.08$0.29$0.36$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.20$0.01$0.35
2010Summary only. Only limited summary data is available for this year.$0.12$0.06$0.06$0.29$0.29$0.00