FUSE PROJECT

EIN: 454765019 501(c)(3) Human Services

MOBILE, AL

Total Revenue
$367,482
Total Expenses
$439,276
Total Assets
$478,415
Net Assets
$36,501
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
AL
Principal Officer
J BREANNE S ZARZOUR
Phone
2516542293
Tax Period
2023-01-01 to 2023-12-31

FUSE PROJECT, founded in 2012, is a small nonprofit in the Human Services sector that reported $367K in total revenue in fiscal year 2023. Expenses of $439K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE MISSION OF FUSE PROJECT IS TO PROVIDE THE SPARK FOR INNOVATION, FUNDING AND IMPLEMENTATION OF PROJECTS BENEFITING CHILDREN ALONG ALABAMA'S GULF COAST BY INVESTING IN INITIATIVES, WHICH PROMOTE THE HEALTH, FITNESS, EDUCATION AND SOCIAL RESPONSIBILITY OF OUR CHILDREN.

Program Service Accomplishments

Program 1
Expenses: $62,675 Revenue: $17,326

FUSE PROJECT'S ORDER OF FUSE ORGANIZATION CONSISTS OF A DIVERSE GROUP OF YOUNG PROFESSIONALS LOOKING TO GIVE BACK TO THE COMMUNITY IN A DIFFERENT WAY. FUSE PROJECT HOSTS SEVERAL LARGE EVENTS AND...

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FUSE PROJECT'S ORDER OF FUSE ORGANIZATION CONSISTS OF A DIVERSE GROUP OF YOUNG PROFESSIONALS LOOKING TO GIVE BACK TO THE COMMUNITY IN A DIFFERENT WAY. FUSE PROJECT HOSTS SEVERAL LARGE EVENTS AND MONTHLY NETWORKING OPPORTUNITIES AND PROVIDES VOLUNTEER OPPORTUNITIES FOR ORDER OF FUSE (OOF) MEMBERS TO PARTICIPATE IN. EACH SPRING, AT THE FINAL EVENT, THE OOF MEMBERS VOTE TO DETERMINE WHAT LOCAL CAUSES SERVING CHILDREN A PORTION OF THEIR DUES WILL FUND.

Program 2
Expenses: $92,098 Revenue: $70,497

FUSE FACTORY IS A SOCIALLY RESPONSIBLE CO-WORKING SPACE OPERATED BY THE FUSE PROJECT LOCATED IN DOWNTOWN MOBILE. ORGANIZATIONS PAY RENT IN RETURN FOR PRIVATE OFFICE OR COMMUNAL SPACE, QUARTERLY...

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FUSE FACTORY IS A SOCIALLY RESPONSIBLE CO-WORKING SPACE OPERATED BY THE FUSE PROJECT LOCATED IN DOWNTOWN MOBILE. ORGANIZATIONS PAY RENT IN RETURN FOR PRIVATE OFFICE OR COMMUNAL SPACE, QUARTERLY EDUCATION AND NETWORKING OPPORTUNITIES, SHARED UTILITIES AND KITCHEN AREA, AND ACCESS TO THE CONFERENCE ROOM.

Program 3
Expenses: $58,660

THE HISTORIC AVENUE FOUNDATION OPERATES AS A COMMUNITY QUARTERBACK TO BRING HOLISTIC COMMUNITY REVITALIZATION TO "THE AVENUE" COMMUNITY LOCATED IN DOWNTOWN MOBILE BY INVESTING IN MIXED-INCOME...

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THE HISTORIC AVENUE FOUNDATION OPERATES AS A COMMUNITY QUARTERBACK TO BRING HOLISTIC COMMUNITY REVITALIZATION TO "THE AVENUE" COMMUNITY LOCATED IN DOWNTOWN MOBILE BY INVESTING IN MIXED-INCOME HOUSING, CRADLE-TO-COLLEGE EDUCATION AND COMMUNITY WELLNESS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $307,646
Program Service Revenue $87,823
Investment Income $2,917
Other Revenue $-30,904
TOTAL REVENUE $367,482

Expense Breakdown

Grants Paid $20,600
Salaries & Benefits $197,873
Fundraising Expenses $2,699
Program Expenses $300,424
Other Expenses $220,803
TOTAL EXPENSES $439,276

Year-over-Year Comparison

2023 2022 Change
Revenue $367,482 $383,298 0.0%
Expenses $439,276 $430,057 +0.0%
Net Income $-71,794 $-46,759 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
7
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$67,500
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANKIT GULATI CHAIRMAN OF THE BOARD 5.00
Officer Director
$0 $0 $0
JOHANA GERHEIM VICE-CHAIRMAN 2.00
Officer Director
$0 $0 $0
J BREANNE S ZARZOUR TREASURER 5.00
Officer Director
$0 $0 $0
DOUG WHITMORE SECRETARY 2.00
Officer Director
$0 $0 $0
MONIQUE BAUGH BOARD MEMBER 2.00
Director
$0 $0 $0
RILEY BRIDGES BOARD MEMBER 2.00
Director
$0 $0 $0
JESSICA CALLAHAN BOARD MEMBER 2.00
Director
$0 $0 $0
SOLOMON DAVIS BOARD MEMBER 2.00
Director
$0 $0 $0
CHRIS LANG BOARD MEMBER 2.00
Director
$0 $0 $0
KIRK MATTEI BOARD MEMBER 2.00
Director
$0 $0 $0
SPENCER TUELL BOARD MEMBER 2.00
Director
$0 $0 $0
GRANT ZARZOUR CO-FOUNDER 5.00
Director
$0 $0 $0
ANDREW PEAK BOARD MEMBER 2.00
Director
$0 $0 $0
ANN-BROOKS MORRISSETTE EXECUTIVE DIRECTOR 40.00
Officer
$55,812 $11,688 $67,500
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $367,482 $439,276 $478,415 $-71,794
2022 $383,298 $430,057 $541,879 $-46,759
2021 $491,861 $440,155 $732,279 $51,706
2020 $416,223 $389,456 $716,578 $26,767
2019 $435,100 $398,421 $584,341 $36,679
2018 $340,867 $401,747 $530,548 $-60,880
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