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.
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
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 | — | — | — |
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
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Fuzehub Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities