Fuzehub Inc
FuzeHub is a not-for-profit organization based in Albany, New York, dedicated to supporting small to medium-sized manufacturers and technology companies across New York State. The organization functions as a resource hub that connects manufacturers with guided access to an extensive network of industry experts, programs, and resources to address business growth challenges. FuzeHub provides services including technology matching, assessments, training, CAD design, engineering, and marketing services.
Key facts about Fuzehub Inc
- EIN
- 46-3122950
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,671,551
- Grants made (2024)
- 45
- Average grant
- $37,146
- Median grant
- $30,000
- New grantees (estimate)
- 33% first-time grantees (15 of 45, 2024)
- Total assets
- $4,289,665
- Primary geography
- New York (97% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Fuzehub Inc funds
By grant dollars, the top recipient states for Fuzehub Inc's 45 itemized 2024 grants were New York (97%). The most frequent recipient cities were Albany, NY (6 grants), Rochester, NY (5 grants), Brooklyn, NY (5 grants) and New York, NY (5 grants). None of its 45 grants with a stated purpose were described as general or operating support. Recurring purposes include "Innovation Award" (45 grants).
Is Fuzehub Inc open to new grantees?
33%
first-time grantees, 2024
In 2024, 15 of 45 grantees (33%) were first-time recipients. First grants averaged $32K; repeat grants $40K. How we count
Medians: $25K first-time, $32K repeat.
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Fuzehub Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.3M
+8.4% YoY
Annual Giving
$1.7M
+18.5% YoY
Grant Count
45
+4.7% YoY
Avg Grant Size
$37K
+13.2% YoY
Mission & Focus Areas
FuzeHub works to better connect New York's small and mid-sized manufacturing companies to the resources, programs, and expertise they need for technology commercialization, innovative solutions, and business growth. The organization unites and integrates a broad network of multi-disciplinary public and private sector technology, industry, and commercialization services, experts, and partners.
Primary focus areas include:
- Technology development and commercialization
- Research and development facilitation
- Technical advancements and process improvements
- Advanced materials innovation
- Microelectronics innovation
- Manufacturing sustainability
Grantmaking
FuzeHub operates as both a grant recipient and a grantmaking organization. The organization administers the Jeff Lawrence Innovation Fund, which consists of more than $1 million annually in manufacturing grants.
Ready to take the next step with Fuzehub Inc?
Geographic Focus
Where this funder awards grants
FuzeHub primarily funds and operates within New York State, with a particular emphasis on supporting manufacturers and technology companies across the state. Grant recipients have included organizations in Central New York and statewide institutions.
Grant Distribution by State
Share of all 45 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $4,289,665
- Total Revenue: $4,835,529
- Total Expenses: $4,418,119
- Total Giving: $1,683,503
- Number of Employees: 10
Prior Year Data (2023):
- Total Assets: $3.96M
- Revenue: $4.5M
- Expenses: $4M
- Total Liabilities: $355k
Tax Status: FuzeHub is designated as a 501(c)(4) organization. Tax-exempt status was granted in June 2015. Donations to this organization are not tax deductible.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,289,665 | $3,958,719 | $3,262,411 |
| Revenue | $4,835,529 | $4,500,849 | $3,064,438 |
| Expenses | $4,418,119 | $3,999,573 | $3,210,986 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $65,338 | $31,081 | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
180 grants across all recorded years
Open Grants
3 open opportunities from Fuzehub Inc
Global NY Fund
Fuzehub Inc
Amount
Grants up to $25,000; Loans up to $500,000
Deadline
Rolling / Open
New NY Broadband Program
Fuzehub Inc
Amount
$500 million available statewide (grants to support broadband infrastructure expansion)
Deadline
Rolling / Open
START-UP NY
Fuzehub Inc
Amount
Tax incentives valued as no income tax, sales tax, property tax, franchise fees, or business/corporate state or local taxes for 10 years
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Central New York Tech ($115,000), Cornell University ($97,315), University of Buffalo ($93,214).
| Recipient | Purpose | Amount |
|---|---|---|
| CENTRAL NEW YORK TECH Liverpool, NY | INNOVATION AWARD | $115,000 |
| CORNELL UNIVERSITY Ithaca, NY | INNOVATION AWARD | $97,315 |
| UNIVERSITY OF BUFFALO Albany, NY | INNOVATION AWARD | $93,214 |
| UNIVERSITY OF ROCHESTER Rochester, NY | INNOVATION AWARD | $87,840 |
| BINGHAMTON UNIVERSITY Binghamton, NY | INNOVATION AWARD | $79,311 |
| UNIVERSITY OF ALBANY (RESEARCH FOUNDATION STATE UNIV NY) Albany, NY | INNOVATION AWARD | $78,930 |
| ROCHESTER INSTITUTE OF TECHNOLOGY Rochester, NY | INNOVATION AWARD | $72,406 |
| DOWNSTATE TECH CTR Brooklyn, NY | INNOVATION AWARD | $67,859 |
| TECH VALLEY CTR GRAVITY (UNCAGED INNOVATIONS) Troy, NY | INNOVATION AWARD | $61,313 |
| SOUTH TIER HIGH TECH INCUBATOR Binghamton, NY | INNOVATION AWARD | $60,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ryan Silva | Board Member | 1 | — |
| Lloyd Ploof | Board Member | 1 | — |
| Santokh Badesha | Board Member | 1 | — |
| Kevin O'Leary | Treasurer | 1 | — |
| Fatin Haddad | Secretary | 1 | — |
| Elena Garuc | Executive Director | 40 | $175,179 |
| Eric Fasser | Solutions Program Manager | 40 | $114,217 |
Recent News & Activity
Recent developments and announcements
**NSF Regional Innovation Engines Award (July 2024)**
FuzeHub Earns $1 Million NSF Engines Development Award for Upstate Makes:FuzeHub was awarded $1 million from the National Science Foundation through its Regional Innovation Engines Development Awards. The organization is leading the Upstate Makes initiative, a collaborative effort to build New York's advanced materials ecosystem. Empire State Development provided an additional $200,000 matching grant to expand the impact of the NSF funding.
FuzeHub Earns $1 Million NSF Engines Development Award for Upstate Makes:**Manufacturing Grant Programs**
FuzeHub continues to administer competitive manufacturing grant programs that support technology transfer, adoption and implementation of new manufacturing processes, and creation of enhanced products and services.
**Commercialization Competitions**
FuzeHub hosts annual innovation and commercialization competitions, including the New York State Innovation Summit Commercialization Competition and the NYS Microelectronics Innovation Challenge.
FuzeHub Earns $1 Million NSF Engines Development Award for Upstate Makes:**SBA Support**
FuzeHub received $375,000 in funding to support underserved entrepreneurs in New York.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Fuzehub Inc fund?
FuzeHub works to better connect New York's small and mid-sized manufacturing companies to the resources, programs, and expertise they need for technology commercialization, innovative solutions, and business growth. The organization unites and integrates a broad network of multi-disciplinary public and private sector technology, industry, and commercialization services, experts, and partners. Primary focus areas include: • Technology development and commercialization • Research and development …
How do I apply for a grant from Fuzehub Inc?
FuzeHub operates as both a grant recipient and a grantmaking organization. The organization administers the Jeff Lawrence Innovation Fund, which consists of more than $1 million annually in manufacturing grants. **Recent Grant Activity:** In 2024, FuzeHub awarded $455,000 in grants through the first round of its Manufacturing Grants program, supporting seven collaborative projects. The second round of 2025 awards totaled $390,000 across six collaborative project recipients. **Grant Recipients (…
Where does Fuzehub Inc make grants?
FuzeHub primarily funds and operates within New York State, with a particular emphasis on supporting manufacturers and technology companies across the state. Grant recipients have included organizations in Central New York and statewide institutions.
What size grants does Fuzehub Inc award?
In 2024, Fuzehub Inc awarded 45 grants totaling $1.7M — an average of about $37K per grant, based on its IRS Form 990 filings.
What is Fuzehub Inc's EIN?
Fuzehub Inc's EIN (Employer Identification Number) is 46-3122950. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.