Fusion Power Associates is a private foundation focused on Public affairs, based in GAITHERSBURG, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $240K in total assets. In 2024, it made $185K in qualifying distributions. Net investment income was $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$240K
+0.9% YoY
Revenue
$185K
+4.9% YoY
Qualifying Distributions
$185K
+4.7% YoY
Expenses
$185K
+4.7% YoY
Under IRS private-foundation payout rules, Fusion Power Associates reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About Fusion Power Associates
Based on IRS filings
Fusion Power Associates is a private foundation focused on Public affairs, based in GAITHERSBURG, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $240K in total assets. In 2024, it made $185K in qualifying distributions. Net investment income was $2K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $240,070 | $237,922 | $224,548 |
| Revenue | $185,408 | $176,768 | $163,661 |
| Expenses | $185,011 | $176,724 | $163,274 |
| Qualifying Distributions | $185,011 | $176,724 | $163,274 |
| Net Investment Income | $1,970 | $4,443 | $4,680 |
| Distributable Amount | $7,085 | $7,786 | $7,052 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR STEPHEN O DEAN | PRESIDENT OFFICER | 20 | $79,300 |
| RUTH A WATKINS | VICE-PRESIDENT ADMINISTRATOR | 5 | $13,010 |
| PROF MOHAMED ABDOU | DIRECTOR | 1 | — |
| DR MICHAEL CAMPBELL | DIRECTOR | 1 | — |
| DR TAMMY MA | DIRECTOR | 1 | — |
| MR DAVID BABINEAU | DIRECTOR | 1 | — |
| DR MICHAEL BINDERBAUER | DIRECTOR | 1 | — |
| DR KIMBERLY BUDIL | DIRECTOR | 1 | — |
| DR FARHAT BEG | DIRECTOR | 1 | — |
| DR DALE MEADE RETIRED | DIRECTOR | 1 | — |
| DR SIGFRIED GLENZER | DIRECTOR | 1 | — |
| DR WAYNE SOLOMON | DIRECTOR | 1 | — |
| DR STEVEN COWLEY | DIRECTOR | 1 | — |
| PROF GERALD NAVRATIL | DIRECTOR | 1 | — |
| DR STEPHEN OBENSCHAIN | DIRECTOR | 1 | — |
| DR MICHAEL FARRELL | DIRECTOR | 1 | — |
| PROF FRANCOIS WAELBROECK | DIRECTOR | 1 | — |
| DR SUSANA REYES | CHAIR, DIRECTOR | 1 | — |
| PROF YICAN WU | DIRECTOR | 1 | — |
| DR EVA KOSTADINOVA | OFFICER | 1 | — |
| DR DANIEL SINARS | DIRECTOR | 1 | — |
| DRCHRISTOPHER DEENEY | DIRECTOR | 1 | — |
| DR JOHN KLINE | DIRECTOR | 1 | — |
| PROF RYOSUKE KODAMA | DIRECTOR | 1 | — |
| DR JAMES VAN DAM | DIRECTOR | 1 | — |
| DR SUK JAE YOO | DIRECTOR | 1 | — |
| PROF YUNTAO SONG | DIRECTOR | 1 | — |
| DR MARK TILLACK | OFFICER | 1 | — |
| PROF NUNO LOUREIRO | DIRECTOR | 1 | — |
| DR MICKEEY WADE | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Fusion Power Associates?
Fusion Power Associates is a private foundation focused on Public affairs, based in GAITHERSBURG, MD. It holds $240K in total assets as of 2024.
How large is Fusion Power Associates?
As of 2024, Fusion Power Associates holds $240K in total assets with $185K in annual revenue.
Where does Fusion Power Associates operate?
Fusion Power Associates has awarded grants in California, Massachusetts, New Jersey, New York, Tennessee, Wisconsin.
How much is Fusion Power Associates required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fusion Power Associates reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Fusion Power Associates's EIN?
Fusion Power Associates's EIN (Employer Identification Number) is 52-1162794. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Fusion Power Associates's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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