Nonprofit · EIN 46-3122950
FUZEHUB INC
Tax-exempt · ALBANY, NY 12210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,835,529 | $4,418,119 | $417,410 | $4,289,665 | $268,947 | $4,020,718 |
| December 31, 2023 | 990 | $4,500,849 | $3,999,573 | $501,276 | $3,958,719 | $355,411 | $3,603,308 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,309,635
- of which government grants
- $4,309,635
- Program service revenue
- $460,556
- Investment income
- $65,338
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,683,503
- Compensation of officers, directors and key employees
- $197,195
- Other salaries and wages
- $589,617
- Salaries, compensation and benefits (total)
- $915,202
- Professional fundraising fees
- $0
- Legal fees
- $34,212
- Accounting fees
- $52,762
- Occupancy
- $48,085
- Travel
- $40,100
- Depreciation
- $23,839
- Program services (functional)
- $3,911,395
- Management and general (functional)
- $506,724
Balance sheet and other
- Total assets, start of year
- $3,958,719
- Total assets, end of year
- $4,289,665
- Total liabilities, end of year
- $268,947
- Net assets, end of year
- $4,020,718
- Land, buildings and equipment
- $58,074
- Net assets without donor restrictions
- $1,617,425
- Net assets with donor restrictions
- $2,403,293
- Gross receipts
- $4,835,529
- Employees
- 10
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELENA GARUC | EXECUTIVE DIRECTOR Officer | 40 | $175,179 | $22,016 |
| ERIC FASSER | SOLUTIONS PROGRAM MANAGER Highest-paid employee | 40 | $114,217 | $4,403 |
| RYAN SILVA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LLOYD PLOOF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SANTOKH BADESHA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN O'LEARY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| FATIN HADDAD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELENA GARUC | EXECUTIVE DIRECTOR Officer | 40 | $158,796 | $19,031 |
| RYAN SILVA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FATIN HADDAD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN O'LEARY | TREASUER Trustee or director | 1 | $0 | $0 |
| LLOYD PLOOF | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SANTOKH BADESHA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 25 MONROE ST STE 201, ALBANY, NY 12210-2729
- Principal officer (990 for 2024)
- ELENA GARUC, 25 MONROE STREET 201, ALBANY, NY 12210
- Signed the 990
- KEVIN O'LEARY, TREASURER
- Phone
- (518) 768-7030
- Website
- WWW.FUZEHUB.COM
- Return prepared by
- MENGEL METZGER BARR & CO LLP
Mission
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.
Program accomplishments
- FUZEHUB UNITES AND INTEGRATES A BROAD NETWORK OF MULTI-DISCIPLINARY PUBLIC AND PRIVATE SECTOR TECHNOLOGY, INDUSTRY AND COMMERCIALIZATION SERVICES, EXPERTS AND PARTNERS.Expenses $3,911,395 · grants $1,683,503 · revenue $460,556
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3122950
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $4,289,665
- Income (IRS master file)
- $4,835,529
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,835,529 | $4,418,119 | $4,289,665 | XML |
| 990 | December 2023 | $4,500,849 | $3,999,573 | $3,958,719 | XML |
| 990 | December 2022 | $3,064,438 | $3,210,986 | $3,262,411 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about FUZEHUB INC
- What is the EIN of FUZEHUB INC?
- The employer identification number (EIN) of FUZEHUB INC is 46-3122950.
- Is FUZEHUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2015.
- Are donations to FUZEHUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FUZEHUB INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FUZEHUB INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FUZEHUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FUZEHUB INC?
- The 990 for the year ended December 31, 2024 names ELENA GARUC.
- Who are the officers and directors of FUZEHUB INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $175,179 (ELENA GARUC, EXECUTIVE DIRECTOR).
- How much revenue does FUZEHUB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,835,529, expenses of $4,418,119 and total assets of $4,289,665 at year end.
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