Focus Fusion Society

Nonprofit profile at a glance

EIN
203465753
IRS 990-EZ coverage
2020–2024
Forms available
Form 990 2019, Form 990-EZ 2024, Form 990-N 2017
Location
Middlesex, NJ, USA
Phone
7323565900
Rating
43
Verdict
MIXED
Rating confidence
Moderate
Sector
Physical & Earth Sciences,

Reported finances

Revenue
$6,435
Expenses
$2,851
Assets
$58,994

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • ARIF BASHA (EXECUTIVE DI)
  • IGNAS GALVELIS (OFFICER)
  • DR WARWICK MICHAEL DUMAS (COMMUNITY OU)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Empowering a sustainable future through fusion energy innovation at focus fusion, our mission is to accelerate the development, adoption, and implementation of fusion energy as a safe, sustainable, and limitless source of power for the world. We are dedicated to advancing research, fostering collaboration, and driving innovation in fusion technology to address global energy challenges and combat climate change. Through education, advocacy, and partnerships with scientists, policymakers, and industry leaders, we aim to catalyze the transition to a carbon-free energy future that benefits all people and the planet. We believe that fusion energy, as a virtually inexhaustible and environmentally responsible resource, has the potential to transform global energy systems, reduce reliance on fossil fuels, and create a cleaner, more equitable future. Our work is focused on ensuring that fusion energy becomes a reality, delivering clean, affordable energy to communities worldwide.

What it reported doing in 2024

To bring people together to pursue the dream of clean, accessible & abundant energy from fusion.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 13
  • Transparency & Controls: 82
  • Sustainability: 78
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 9%; rating input score 9
  • Program expense ratio: 19%; rating input score 19

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 55.7%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: 20.69; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -9.3% per year; rating input score 0; 28th percentile among comparable filings
  • Revenue growth: -34% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -28.9% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 9% of revenue deployed · 19% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $541 in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 9/100.
  • High — Financial Efficiency: Program expense ratio scored 19/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.