Overview
What is Fusion?
Fusion is a nonprofit organization situated in Albuquerque, New Mexico, with a headquarter located at 700 1st Street NW. Their primary focus is to elevate the standard of performing arts within the Albuquerque community. Throughout the year, they organize live performances and support local artists, contributing to the city's artistic scene. The organization boasts a team of 42 dedicated individuals, working tirelessly to achieve their mission. Their activities extend beyond live performances, aiming to strengthen and enrich the local art community.
Official website here: www.fusionabq.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating. This rating reflects the organization's strong accountability and financial practices, which are crucial for building trust with donors and the community. The overall score is derived solely from a robust score in the Accountability & Finance beacon, indicating a solid financial management framework.
Fusion demonstrates strengths in governance, with 77% of its board members being independent, showcasing a commitment to unbiased decision-making. The organization also has a high program expense ratio of 77.94%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs. Furthermore, essential policies such as conflict of interest and document retention are in place, reinforcing its operational integrity.
However, the charity is noted to be lacking a whistleblower policy, which could raise concerns regarding transparency and accountability in reporting potential misconduct. This absence is a limitation in its governance practices and could affect stakeholder confidence. Overall, while Fusion exhibits many positive attributes, addressing the missing whistleblower policy could further enhance its credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Fusion legitimate?
Fusion is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fusion submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $214,812
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,052
For more financial information, click here
Official website here: www.fusionabq.org
What is the mission statement of Fusion?
Fusion, as an organization, is dedicated to improving the standard of performing arts. Their mission is to elevate the artistic landscape in an unspecified location, with Albuquerque, NM being one such location mentioned in the provided information. They accomplish this by supporting local artists and fostering a thriving art community. During the year, they conducted live performances, adhering to their commitment to enriching the performing arts scene.
Official website here: www.fusionabq.org
Who is the CEO of Fusion?
Jacqueline Reid is the Treasurer of Fusion.
Official website here: www.fusionabq.org
What is the revenue of Fusion?
Fusion's revenue in 2022 was $460,180.
Official website here: www.fusionabq.org
Who are the executives of Fusion and what are their salaries?
The average compensation at Fusion during 2022 was $6,402. There are 42 employees at Fusion.
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Official website here: www.fusionabq.org
Where can I find the form 990 for Fusion?
Fusion's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fusionabq.org
Learn more at the official website: www.fusionabq.org
Mission Statement of Fusion
Fusion, as an organization, is committed to elevating the standard of performing arts within Albuquerque, New Mexico. Their primary objective is to bolster the local arts community and the artists who thrive within it. Throughout the year, Fusion showcases their support by hosting live performances, ultimately returning to their regular schedule of events. By doing so, they provide a platform for local talent to shine and contribute to the rich cultural landscape of the performing arts in Albuquerque.
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Impact
July, 2024
Fusion's impact on Albuquerque, NM, is significant in enhancing the local performing arts scene. Through live performances and support for local artists, Fusion plays a crucial role in enriching the cultural landscape of the city. By providing opportunities for artists to showcase their talents and creating engaging performances for the community, Fusion contributes to the vibrancy and diversity of the arts in Albuquerque. Their dedication to enhancing the quality of performing arts is evident in their ongoing efforts to support and promote the artistic community in the city.
This information is meant to be a general summary of Fusion. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $129,791
- Gross Receipts: $460,180
Assets and Liabilities:
- Total Assets: $1,774,473
- Total Liabilities: $1,805,447
- Net Assets: -$30,974
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Theater Productions
Revenue
$129,791
Organization Details
Founding Year
2002
Principal Officer
Jacqueline Reid
Main Address
700 1st Street NW, Albuquerque, NM, 87102
Website
www.fusionabq.orgNTEE Category
Code: A65 - Arts
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