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Alabama · Nonprofit

FUSE PROJECT

FUSE PROJECT (Alabama) receives grants from 24 organizations whose IRS filings report $805,749 to it, the largest being THE BEN MAY CHARITABLE TRUST HANCOCK WHITNEY BANK SUCCESSOR TRUSTEE ($220,000). 11 of them have funded it in more than one year.

Revenue FY2024
$472k
Funders on record
24
Grants received
$806k
Net assets
$27k
11/24 repeat funderspeak grant-dependency 41%
01What it does

What Fuse Project does

Mission

The mission of Fuse Project is to provide the spark for innovation, funding and implementation of projects benefiting children along alabama's gulf coast by investing in initiatives, which promote the health, fitness, education and social responsibility of our children.

As stated on its FY2024 Form 990.

Programs

  1. Fuse Project's order of fuse organization consists of a diverse group of young professionals looking to give back to the community in a different way. Fuse Project hosts several large events and monthly networking opportunities and provides volunteer opportunities for order of fuse (oof) members to participate in. Each spring, at the final event, the oof members vote to determine what local causes serving children a portion of their dues will fund.

    $35,586 spentof which $1,176 as grants$25,854 earned by the program
    10% of program spending
  2. Fuse factory is a socially responsible co-working space operated by the Fuse Project located in downtown mobile. Organizations pay rent in return for private office or communal space, quarterly education and networking opportunities, shared utilities and kitchen area, and access to the conference room.

    $76,767 spent$81,944 earned by the program
    22% of program spending
  3. The historic avenue foundation operates as a community quarterback to bring holistic community revitalization to "the avenue" community located in downtown mobile by investing in mixed-income housing, cradle-to-college education and community wellness.

    $162,475 spent
    47% of program spending
  4. Various initiatives such as the abc program which includes the abc early learning program, spark summer camp, and academic support program in existing neighborhood schools

    $67,437 spent
    20% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $342,265.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($343k) Expenses 100 ($376k) Net assets 100 ($77k)2018 Revenue 99 ($341k) Expenses 107 ($402k) Net assets 21 ($16k)2019 Revenue 127 ($435k) Expenses 106 ($398k) Net assets 104 ($80k)2020 Revenue 121 ($416k) Expenses 104 ($389k) Net assets 139 ($107k)2021 Revenue 143 ($492k) Expenses 117 ($440k) Net assets 206 ($159k)2022 Revenue 112 ($383k) Expenses 114 ($430k) Net assets 145 ($112k)2023 Revenue 107 ($367k) Expenses 117 ($439k) Net assets 47 ($37k)2024 Revenue 138 ($472k) Expenses 128 ($481k) Net assets 35 ($27k)
'17'18'19'20'21'22'23'24
Revenue (138)Expenses (128)Net assets (35)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $732k to $542k (−26%).

$618k
$531k
$584k
$717k
$732k
$542k
$478k
$431k
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 18% · 2021 11%. Grants only. Government contracts and fees sit inside program revenue.

80% of FUSE PROJECT’s revenue is contributions — about as donation-reliant as the typical peer (91% for the typical peer).

This organization
Typical peer · 23,870 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 reported years ran a deficit.

−$32k
’17
−$61k
’18
$37k
’19
$27k
’20
$52k
’21
−$47k
’22
−$72k
’23
−$9k
’24
2.6
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Ann-Brooks Morrissette

Executive director

Board chair

Ankit Gulati

Chairman of the board

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed1415161714131414
Joined·+2+4+3+0+2+1+1
No longer listed·1323301
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 3 funders to 11 funders, grant income rose $13k → $80k.

2 of 24 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 1% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of FUSE PROJECT’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

FUSE PROJECT has a broad base — no single funder exceeds 27% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

27%
largest funder
63%
top three
~6
effective funders

Largest funder’s share by year: 2017 79% · 2018 71% · 2019 80% · 2020 35% · 2021 37% · 2022 60% · 2023 31% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

36% of FUSE PROJECT's funders are still giving 3 years after their first grant; 46% give in more than one year at all.

first grant+1y+2y+3y+4y+5y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

99% of FUSE PROJECT's grant income comes from Alabama funders.

RI
NC
MS
AL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Alabama out of state home

Funder states come from each funder’s own filing. $11k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

FUSE PROJECT's funding base is broadening — from 3 funders to 11 as grant income climbed.

Operating margin−2% · below the median
Months of reserve2.6mo · below the median
Revenue growth (annualized)5% · below the median

this organization peer median middle 50% of peers· 21,616 human services nonprofits $100k–$1M, FY2024

Organizations like FUSE PROJECT

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Alabama

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

71% of spending goes to programs.

Program 71%Management 29%Fundraising 0%

Governance

13
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

82%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for FUSE PROJECT: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FUSE PROJECT?
FUSE PROJECT (Alabama) receives grants from 24 organizations whose IRS filings report $805,749 to it, the largest being THE BEN MAY CHARITABLE TRUST HANCOCK WHITNEY BANK SUCCESSOR TRUSTEE ($220,000). 11 of them have funded it in more than one year.
How many funders does FUSE PROJECT have?
IRS filings report 24 organizations giving $805,749 in grants to FUSE PROJECT, 11 of which have funded it in more than one year.
Who is the largest funder of FUSE PROJECT?
THE BEN MAY CHARITABLE TRUST HANCOCK WHITNEY BANK SUCCESSOR TRUSTEE is the largest funder on record, with $220,000 in grants. The full list of funders is on this page.
How can an organization like FUSE PROJECT find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Alabama. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 24 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing