NonprofitsFusion Industry Association

Environment

Fusion Industry Association

WASHINGTON, DC

Total revenue

$1.4M

Total expenses

$1.4M

Net assets

$333K

Grants received

EIN

863094674

Tax year

2024

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.

Programs

2 programs

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.

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.

Financials

FY 2024

Revenue

Contributions & grants$1.3M
Program service revenue$110K
Investment income
Other revenue
Total revenue$1.4M

Expenses

Grants paid
Salaries & benefits$349K
Fundraising
Other expenses$1.0M
Total expenses$1.4M
Total assets$333K
Net assets$333K

People

10 listed

NameRoleCompensation

Andrew Holland

Chief Executive Officer

Board

$226K

40 hrs/wk

R David Edelman

Director

Board

1 hrs/wk

Robert Mumgaard

Director

Board

1 hrs/wk

Ryan Umstattd

Chairman of the Board

Board

1 hrs/wk

Sachin Desai

Director

Board

1 hrs/wk

Greg Twinney

Director

Board

1 hrs/wk

Kathleen Kelly

Director

Board

1 hrs/wk

Jennifer Ganten

Treasurer

Board

1 hrs/wk

Christofer Mowry

Director

Board

1 hrs/wk

Jeffrey Merrifield

Secretary

Board

1 hrs/wk

Independent contractors

Dentons Global Advisors Europe SA

EU Advocacy Activities

$198K

Pillsbury Winthrop Shaw Pittman LLP

Strategic and Regulatory Advisory

$195K

Venture Government Strategies LLC

Federal Advocacy

$120K

Details

EIN863094674
NTEE codeC35
Subsection06
Ruling date2022-06
Formed2021
Employees7
Volunteers0
FUSION INDUSTRY ASSOCIATION — Mission, Financials & Grants Received | Grantivo