Fusion Industry Association

EIN: 863094674 Environment

Washington, DC

Total Revenue
$1,980,860
Total Expenses
$2,034,802
Total Assets
$283,450
Net Assets
$279,438
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DC
Principal Officer
Andrew Holland
Phone
2024862814
Tax Period
2025-01-01 to 2025-12-31

Fusion Industry Association, founded in 2021, is a community nonprofit in the Environment sector that reported $2.0M in total revenue in fiscal year 2025. Revenue surged 37% from the prior year, signaling strong growth momentum.

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.

Program Service Accomplishments

Program 1

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...

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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.

Program 2

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...

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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.

Program 3

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...

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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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,751,340
Program Service Revenue $229,520
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,980,860

Expense Breakdown

Grants Paid $0
Salaries & Benefits $655,072
Fundraising Expenses $0
Other Expenses $1,379,730
TOTAL EXPENSES $2,034,802

Year-over-Year Comparison

2025 2024 Change
Revenue $1,980,860 $1,445,268 +0.4%
Expenses $2,034,802 $1,367,177 +0.5%
Net Income $-53,942 $78,091 -1.7%
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
10
Independent Members
10
Employees
9
Volunteers
N/A

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
3
$234,250
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christofer Mowry Director 1.00
Director
$0 $0 $0
R David Edelman Director 1.00
Director
$0 $0 $0
Robert Mumgaard Director 1.00
Director
$0 $0 $0
Ryan Umstattd Chairman of the Board 1.00
Director
$0 $0 $0
Sachin Desai Director 1.00
Director
$0 $0 $0
Greg Twinney Director 1.00
Director
$0 $0 $0
Kathleen Kelly Director 1.00
Director
$0 $0 $0
Lucio Milanese Director 1.00
Director
$0 $0 $0
Gunter Kraft Director 1.00
Director
$0 $0 $0
Jacqueline Siebens Director 1.00
Director
$0 $0 $0
Andrew Holland Chief Executive Officer 40.00
Officer
$234,250 $0 $234,250
Jennifer Ganten Treasurer 1.00
Officer
$0 $0 $0
Jeffrey Merrifield Secretary 1.00
Officer
$0 $0 $0
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
2025 $1,980,860 $2,034,802 $283,450 $-53,942
2024 No data No data No data No data
2023 $1,084,089 $996,175 $246,515 $87,914
2022 $699,760 $656,985 $174,601 $42,775
2021 $461,415 $357,073 $104,342 $104,342
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