2022-09-23T10:08:30-07:00 2021-12-31 990 2021-01-01 863094674 Fusion Industry Association FUSI 2024862814 800 Maine Ave SW - Suite 223 Washington DC 20024 Andrew Holland CEO 2024862814 2022-09-13 0 11 1 AAL2 2021 2022-09-23 18:48:47Z X Andrew Holland 800 Maine Ave SW - Suite 223 Washington DC 20024 461415 0 X https://www.fusionindustryassociation.org/ X 2021 DC The Fusion Industry Association 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. 3 3 5 0 0 0 0 0 0 461415 0 0 0 0 0 461415 0 0 0 0 0 147397 0 0 0 0 209676 0 357073 0 104342 0 104342 0 0 0 104342 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. 0 0 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. 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. 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 5 1 0 0 0 0 0 0 0 0 X 3 3 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 X Andrew Holland 2024862814 800 Maine Ave SW - Suite 223 Washington DC 20024 Andrew Holland Chief Executive Officer 40 X 126667 0 0 Christofer Mowry Chairman of the Board and Secretary 1 X X 0 0 0 Michl Binderbauer Director 1 X 0 0 0 Robert Mumgaard Director 1 X 0 0 0 Christopher Ajemian Treasurer 1 X 0 0 0 126667 0 0 1 0 0 0 0 0 Membership Dues 900099 429318 429318 0 0 Publications 900099 32097 32097 0 0 0 0 0 0 461415 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 461415 461415 0 0 X 0 0 0 0 126667 0 8467 0 1925 10338 0 60000 0 64556 0 0 52109 815 4157 3223 0 11000 1984 0 7927 0 0 0 1652 Bank Charges and Fees 46 Meals and Entertainment 1741 466 357073 0 0 0 0 104342 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 104342 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 104342 0 0 0 104342 0 104342 104342 0 0 0 0 0 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 426640 64556 0 64556 85200 -20644 Europe (including Iceland and Greenland) 0 0 Program Services The FIA contracted with UK-based entities for programmatic services include PR, video production, and report writing. 51490 0 0 51490 0 0 0 0 0 0 Form 990, Part VI, Section A, Line 4 The Fusion Industry Association was first incorporated in 2021, so all of the governance is new. The FIA is governed by a Board of Directors, elected at an annual meeting of the Membership. At incorporation and throughout 2021, the number of Directors was three. There are three Officers of the Corporation: a Chief Executive Officer, a Treasurer, and a Secretary. Form 990, Part VI, Section A, Line 6 The FIA is a Membership Organization, with application for Full Membership open to all organizations that support the mission statement of the FIA ("The Fusion Industry Association is the voice of the growing fusion industry. It is a membership ("Membership") organization that supports efforts to accelerate commercial fusion energy through advocacy and education.) and are actively engaging in research or developing fusion energy systems, contingent on being up to date on annual dues. Form 990, Part VI, Section A, Line 7a Yes, members are required to vote on a slate of candidates for Directors at the annual meeting every year. Form 990, Part VI, Section A, Line 7b Yes, nomination of individuals to the Board of the Directors of the Fusion Industry Association must be ratified by an affirmative vote of the Membership. Form 990, Part VI, Section B, Line 11b The Board of Directors receives a copy of the 990, is given reasonable time to review and ask questions before the return is filed, and votes to file the return at a regularly scheduled meeting. Form 990, Part VI, Section B, Line 12c The policy was discussed at the annual meeting of the Membership and the Board of Directors, and all were directed to comply. Form 990, Part VI, Section C, Line 19 Available on demand. Form 990, Part IX, Line 11g Of the $52,109 paid, all were paid a Communications and Public Relations expenses. The Fusion Industry Association is a new organization, and was awaiting final approval of its 501c6 status from the IRS before making any filings, which were expected from the IRS in mid-May. However, the FIA did not receive confirmation from the IRS until June. Since the FIA does not employ an accountant, it was not aware of the deadlines and opportunities to ask for an exemption until after the initial filing deadline. Once it did file for an extension, it was too late, but the FIA was not notified that the extension was not granted until September. Upon receipt of that notification, the FIA moved quickly to file.