PROJECT INNERSPACE INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PROJECT INNERSPACE INC (EIN 87-3285334)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-07
- IRS object ID
- 202442819349302359
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-07T18:03:36-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 872525370 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITRIN COOPERMAN ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 BRAINTREE HL OFFICE PARK STE 300 | AddressLine1Txt |
| City | BRAINTREE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02184 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 873285334 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROJECT INNERSPACE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PROJ | BusinessNameControlTxt |
| Phone | 2126971000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 68 HARRISON AVE PMB 99590 605 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021111929 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMIE BEARD | PersonNm |
| Person Title | PRESIDENT, SECRETARY, EXEC DIR | PersonTitleTxt |
| Phone | 2126971000 | PhoneNum |
| Signature | 2024-09-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AMANDA ADAMS | PreparerPersonNm |
| PTIN | P00748038 | PTIN |
| Phone | 7813562000 | PhoneNum |
| Preparation | 2024-09-23 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | JAMIE BEARD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 68 HARRISON AVE PMB 99590 605 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021111929 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $7,588,206 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.PROJECTINNERSPACE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2021 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | TO MAKE THE PRODUCTION OF CLEAN, ALWAYS ON GEOTHERMAL ENERGY POSSIBLE ANYWHERE IN THE WORLD BY 2030. | ActivityOrMissionDesc |
| Voting Members Governing Body | 3 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 2 | VotingMembersIndependentCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,412,062 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,571,907 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $14,469 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $1,027 | CYOtherRevenueAmt |
| PY Total Revenue | $1,412,062 | PYTotalRevenueAmt |
| CY Total Revenue | $7,587,403 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $217,377 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,055,337 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $205,399 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $731,680 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $190,942 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $288,842 | PYOtherExpensesAmt |
| CY Other Expenses | $1,802,535 | CYOtherExpensesAmt |
| PY Total Expenses | $711,618 | PYTotalExpensesAmt |
| CY Total Expenses | $3,589,552 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $700,444 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,997,851 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $762,291 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,864,858 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $61,847 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $166,563 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $700,444 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $4,698,295 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,800,526 | ExpenseAmt |
| Grant | $1,055,337 | GrantAmt |
| Desc | PROJECT INNERSPACE FACILITATES, THROUGH GRANTS TO A GLOBAL TEAM OF EXPERTS, THE RESEARCH AND DEVELOPMENT OF GEOMAP, A GEOTHERMAL AND RESOURCE PROSPECT MAP THAT WILL HELP STAKEHOLDERS WORLDWIDE MINIMIZE THE RISKS ASSOCIATED WITH ACCESSING APPROPRIATE GEOTHERMAL RESOURCES. GEOMAP DEBUTED IN DUBAI IN NOVEMBER 2023 WITH THE RELEASE OF ITS AFRICA DATA MODULE. THE NORTH AMERICA MODULE, RELEASED IN JUNE 2024, INCLUDED MORE THAN 150 LAYERS OF SUBSURFACE AND SURFACE DATA, AND A USER-FRIENDLY TOOL TO ALLOW STAKEHOLDERS TO EXPLORE AND EVALUATE GEOTHERMAL DEVELOPMENT OPPORTUNITIES. MODULES FOR INDIA AND INDONESIA ARE EXPECTED TO LAUNCH IN 2024, FOLLOWED BY BRAZIL IN EARLY 2025. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $352,773 | ExpenseAmt |
| Desc | PIVOT: PROJECT INNERSPACE SEEKS TO EDUCATE THE PUBLIC, STAKEHOLDERS AND POLICY MAKERS ON BOTH THE VIRTUES OF GEOTHERMAL ENERGY AND THE CHALLENGES THAT MUST BE ADDRESSED TO ENABLE ITS WIDESPREAD AND RAPID ADOPTION THROUGH EDUCATIONAL CONFERENCES, SYMPOSIA AND PUBLIC-FACING EVENTS. PIVOT, NOW IN ITS FIFTH YEAR, BRINGS TOGETHER THOUGHT LEADERS, CHANGE MAKERS, TECHNICAL EXPERTS AND INDUSTRY TO SHARE THE LATEST DEVELOPMENTS IN GEOTHERMAL RESEARCH AND DEVELOPMENT AND TO ENCOURAGE COLLABORATION WITH THE GOAL OF ACCELERATING GEOTHERMAL DEVELOPMENT AS AN ENERGY SOURCE. PIVOT2023 ADOPTED A NEW FORMAT FROM PRIOR YEARS, FEATURING HUNDREDS OF SPEAKERS ACROSS BOTH VIRTUAL CONTENT AND IN PERSON CONFERENCES AROUND THE GLOBE INCLUDING GATHERINGS IN THE HAGUE, NETHERLANDS, ABERDEEN, UNITED KINGDOM, LADAKH, INDIA, BOGOTA, COLOMBIA, NAIROBI, KENYA, AND CALGARY, CANADA WITH ADDITIONAL ECOSYSTEM SPOTLIGHTS FOCUSED ON CHINA, ICELAND, THE MIDDLE EAST, AND NIGERIA. LEANING INTO THE YEAR'S THEME, BUILDING BRIDGES, PIVOT2023 WAS HOSTED IN PARTNERSHIP WITH THE WORLD GEOTHERMAL CONGRESS, GEOTHERMAL RISING, AND THE SOCIETY OF PETROLEUM ENGINEERS, ALONG WITH MORE THAN TWENTY LOCAL PARTNERS, INCLUDING PROFESSIONAL AND INDUSTRY ASSOCIATIONS. DURING THE FINAL WEEK OF PIVOT2023, A FULL DAY OF SESSIONS WERE BROADCAST LIVE FROM THE GEOTHERMAL RISING CONFERENCE IN RENO, NEVADA. THE PIVOT2023 FINALE TOOK PLACE IN HOUSTON, TEXAS WITH A MOVING SET OF SESSIONS BROADCAST FROM HALLIBURTON HEADQUARTERS, FEATURING THOUGHT LEADERS WHO ARE BUILDING THE FUTURE OF GEOTHERMAL ENERGY FROM GOVERNMENT, STARTUPS, NONPROFITS, AND THE OIL AND GAS INDUSTRY. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $3,153,299 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 29 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 3 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 2 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicyInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMIE BEARD - FOUNDER AND EXECUTIVE | PersonNm |
| Phone | 2126971000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1227 S RIVER STREET | AddressLine1Txt |
| City | MARSHFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02050 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| JAMIE BEARD | ||||||
| PRESIDENT, SECRETARY, EXEC DIR | 50.00 | Yes (X) | Yes (X) | $240,000 | $0 | $0 |
| KUMAR GARG | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| CAROLINE DE BOSSART LESTER | ||||||
| TREASURER | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $240,000 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAN PENROD | PersonNm |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 235 LINCOLN STREET | AddressLine1Txt |
| City | NEWTON HIGHLANDS | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02461 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | ADVISORY SERVICES | ServicesDesc |
| Compensation | $160,000 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $7,571,907 | AllOtherContributionsAmt |
| Total Contributions | $7,571,907 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,469 | TotalRevenueColumnAmt |
| Exclusion | $14,469 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $641 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $803 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$162 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$162 | RelatedOrExemptFuncIncomeAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,189 | TotalRevenueColumnAmt |
| Exclusion | $1,189 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,189 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,587,403 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$162 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $15,658 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,579 | TotalAmt |
| Program Services | $95,579 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $959,758 | TotalAmt |
| Program Services | $959,758 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $240,000 | TotalAmt |
| Program Services | $168,000 | ProgramServicesAmt |
| Management And General | $24,000 | ManagementAndGeneralAmt |
| Fundraising | $48,000 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $413,782 | TotalAmt |
| Program Services | $289,648 | ProgramServicesAmt |
| Management And General | $41,378 | ManagementAndGeneralAmt |
| Fundraising | $82,756 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,169 | TotalAmt |
| Program Services | $16,918 | ProgramServicesAmt |
| Management And General | $2,417 | ManagementAndGeneralAmt |
| Fundraising | $4,834 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,729 | TotalAmt |
| Program Services | $37,610 | ProgramServicesAmt |
| Management And General | $5,373 | ManagementAndGeneralAmt |
| Fundraising | $10,746 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,337 | TotalAmt |
| Program Services | $26,000 | ProgramServicesAmt |
| Management And General | $6,337 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $97,995 | TotalAmt |
| Management And General | $97,995 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $933,828 | TotalAmt |
| Program Services | $915,980 | ProgramServicesAmt |
| Management And General | $17,848 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,354 | TotalAmt |
| Program Services | $86,354 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,482 | TotalAmt |
| Program Services | $16,517 | ProgramServicesAmt |
| Management And General | $11,965 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $143,556 | TotalAmt |
| Program Services | $143,556 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,212 | TotalAmt |
| Program Services | $44,606 | ProgramServicesAmt |
| Fundraising | $44,606 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $386,370 | TotalAmt |
| Program Services | $352,773 | ProgramServicesAmt |
| Management And General | $33,597 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,401 | TotalAmt |
| Management And General | $4,401 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,589,552 | TotalAmt |
| Program Services | $3,153,299 | ProgramServicesAmt |
| Management And General | $245,311 | ManagementAndGeneralAmt |
| Fundraising | $190,942 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $757,291 | BOYAmt |
| EOY | $70,239 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $3,289,818 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,000 | BOYAmt |
| EOY | $1,504,801 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $762,291 | BOYAmt |
| EOY | $4,864,858 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,847 | BOYAmt |
| EOY | $166,563 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,847 | BOYAmt |
| EOY | $166,563 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $700,444 | BOYAmt |
| EOY | $3,198,295 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,500,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $700,444 | BOYAmt |
| EOY | $4,698,295 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $762,291 | BOYAmt |
| EOY | $4,864,858 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $3,997,851 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $1,412,062 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,571,907 | CurrentTaxYearAmt |
| Total | $8,983,969 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $1,412,062 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,571,907 | CurrentTaxYearAmt |
| Total | $8,983,969 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $7,469,740 | SubstantialContributorsTotAmt |
| Public Support Total170 | $1,514,229 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $14,469 | CurrentTaxYearAmt |
| Total | $14,469 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $1,189 | CurrentTaxYearAmt |
| Total | $1,189 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $8,999,627 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $641 | GrossReceiptsRltdActivitiesAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | MISCELLANEOUS INCOME - 2023 AMOUNT: $ 1,189. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $7,628,281 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $40,075 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $803 | OtherRevenueAmt |
| Revenue Not Reported | $40,878 | RevenueNotReportedAmt |
| Revenue Subtotal | $7,587,403 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $7,587,403 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,630,430 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $40,075 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $803 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $40,878 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,589,552 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,589,552 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC TOPIC INCOME TAXES. THIS TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THIS TOPIC ALSO PROVIDES GUIDANCE ON RECOGNITION, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NO MATERIAL UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 803. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 803. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | GRANTS TO RECIPIENTS LOCATED IN REGION | $959,758 | |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | $2,500 | RESEARCH AND DEVELOPMENT OF PROGRAM TOOLS |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | $447,547 | RESEARCH AND DEVELOPMENT OF PROGRAM TOOLS |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | PROGRAM SERVICES | $131 | RESEARCH AND DEVELOPMENT OF PROGRAM TOOLS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $1,409,936 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $1,409,936 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (6 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Non Cash AssistanceNonCashAssistanceAmt |
|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | GEOMAPPING: PROJECT SUPPORTS THE ON-GOING GLOBAL HEAT FLOW ASSESSMENT PROJECT, WHERE THE EXISTING GLOBAL COLLECTION OF HEAT-FLOW DATA UNDERGOES A REVISION AND UPDATE OF EACH ENTRY WITHIN THE NEXT TWO YEARS. | $355,875 | WIRE TRANSFER | $0 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GEOMAPPING: THE PROPOSED PROJECT WILL EXPAND THE PRINCIPAL INVESTIGATORS (PIS) (PATON AND MARKWICK) ONGOING GEOSPATIAL DATABASING OF THE EARTH'S CRUST TO PROVIDE A GLOBAL STRUCTURE-TECTONIC-MAGMATIC-FRAMEWORK THAT CAN ADDRESS THESE TWO CHALLENGES AND PROVIDE A UNIFYING AND ADAPTABLE ONLINE RESOURCE FOR GEOTHERMAL EXPLOITATION. | $156,759 | WIRE TRANSFER | $0 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GEOMAPPING: THE PROPOSED PROJECT WILL EXPAND THE PRINCIPAL INVESTIGATORS (PIS) (PATON AND MARKWICK) ONGOING GEOSPATIAL DATABASING OF THE EARTH'S CRUST TO PROVIDE A GLOBAL STRUCTURE-TECTONIC-MAGMATIC-FRAMEWORK THAT CAN ADDRESS THESE TWO CHALLENGES AND PROVIDE A UNIFYING AND ADAPTABLE ONLINE RESOURCE FOR GEOTHERMAL EXPLOITATION. | $123,451 | WIRE TRANSFER | $0 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GEOMAPPING: GENERATE A GLOBAL DATA BASE OF CRUSTAL TEMPERATURES CONSTRAINED BY GEOPHYSICAL OBSERVATIONS (TERRESTRIAL AND SATELLITE) AND, WHEN AVAILABLE, HIGH QUALITY SHF. | $84,454 | WIRE TRANSFER | $0 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GEOMAPPING: DELIVER SEISMIC DATA WITH HIGH, REGIONAL RESOLUTION AT CONTINENTAL AND GLOBAL SCALES AND FINE-TUNE THE THERMODYNAMIC INVERSION OF THESE DATA, SO AS TO MAP GEOTHERMAL POTENTIAL IN AFRICA, ASIA, AND S. AMERICA AND GLOBALLY. | $146,672 | WIRE TRANSFER | $0 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | GEOMAPPING: THE PRIMARY OBJECTIVE OF THIS PHASE IS TO DETERMINE WHAT FAULT BLOCKS GLOBALLY CONTAIN MAXIMUM HORIZONTAL STRESS DATA AND WHICH DO NOT PROVIDE GUIDANCE OF EXISTING DATA AND IMPORTANTLY KNOWLEDGE OF DATA GAPS THAT POTENTIALLY INCREASE THE RISK AROUND AN INDIVIDUAL GEOTHERMAL PROJECT. | $92,547 | WIRE TRANSFER | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 6 | TotalOtherOrgCnt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | EACH GRANT IS OVERSEEN BY A PROJECT INNERSPACE SUBJECT MATTER EXPERT WHO REVIEWS AND VALIDATES AGREED-UPON DELIVERABLES FOR APPROPRIATE PROGRESS BEFORE APPROVAL OF DISBURSEMENT OF THE NEXT SCHEDULED PAYMENT UNDER THE GRANT AGREEMENT. |
| PART I, LINE 3: | THE AMOUNTS IN PART I HAVE BEEN REPORTED FOLLOWING THE ACCRUAL METHOD OF ACCOUNTING. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| INNSURE CORPORATION | ||||||||
| ONE BROADWAY | CAMBRIDGE | MA | 02142 | 841845170 | 501(C)(3) | $50,000 | $0 | GEOFUND PROJECT RESEARCH |
| UNIVERSITY OF TEXAS AT AUSTIN | ||||||||
| 3925 WEST BRAKER LANE | AUSTIN | TX | 78759 | 746000203 | GOVERNMENT | $41,948 | $0 | GEOMAPPING: PROJECT RESEARCH-ALIGNING THE U.S. HEAT FLOW DATABASE WITH THE IHFC STANDARDS. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | EACH GRANT IS OVERSEEN BY A PROJECT INNERSPACE SUBJECT MATTER EXPERT WHO REVIEWS AND VALIDATES AGREED-UPON DELIVERABLES FOR APPROPRIATE PROGRESS BEFORE APPROVAL OF DISBURSEMENT OF THE NEXT SCHEDULED PAYMENT UNDER THE GRANT AGREEMENT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMIE BEARD | PersonNm |
| Title | PRESIDENT, SECRETARY, EXEC DIR | TitleTxt |
| Base Compensation Filing Org | $240,000 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $0 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $0 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $240,000 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: | PROJECT INNERSPACE IS A 501(C)(3) NON-PROFIT COMMITTED TO ACCELERATING THE ENERGY TRANSITION BY EDUCATING THE PUBLIC AND RELEVANT INDUSTRIES ABOUT THE POTENTIAL FOR GEOTHERMAL ENERGY AS AN UNLIMITED, CARBON-NEUTRAL ENERGY SOURCE. IT SEEKS TO FACILITATE THE RESEARCH, DEVELOPMENT AND TRANSFER OF TECHNOLOGY AND SKILLS TO ENABLE WIDESPREAD AND RAPID ADOPTION OF GEOTHERMAL ENERGY BY 2030. ENERGY USE WORLDWIDE IS EXPECTED TO DOUBLE BY 2050. AT THE SAME TIME, THE GLOBAL COMMUNITY SEEKS TO DECARBONIZE. TO MEET BOTH THESE GOALS, WE MUST TRANSITION AWAY FROM OIL AND GAS WHILE INCORPORATING MORE RENEWABLE RESOURCES INTO THE ENERGY MIX. ON ITS CURRENT TRAJECTORY, WIND, SOLAR, NUCLEAR AND HYDROPOWER WILL NOT BE ABLE TO MEET THE WORLD'S GROWING ENERGY DEMANDS. AT PROJECT INNERSPACE, WE SEEK TO LEVERAGE THE TECHNOLOGY AND SKILLS DEVELOPED BY THE OIL AND GAS INDUSTRY TO UNLOCK THE POTENTIAL OF GEOTHERMAL ENERGY AS A RELIABLE, AFFORDABLE, ACCESSIBLE, SUSTAINABLE, AND UNLIMITED ENERGY CHOICE. PROJECT INNERSPACE SEEKS TO MEET ITS MISSION GOALS BY ELIMINATING THE BARRIERS TO SCALABLE GEOTHERMAL ENERGY. CURRENT PROJECTS INCLUDE GEOMAP, PIVOT + GEOTHERMAL HOUSE, AND GEODE, AMONG OTHERS. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION'S BYLAWS WERE AMENDED ON FEBRUARY 23, 2024. SIGNIFICANT CHANGES INCLUDED: 1. ESTABLISHED THE NUMBER OF MEMBERS OF THE BOARD OF DIRECTORS AS CONSISTING OF NOT LESS THAN TWO OR MORE THAN SEVEN DIRECTORS. 2. UPDATED THE PROCESS FOR REMOVAL OF A DIRECTOR FROM THE BOARD TO REQUIRE AN AFFIRMATIVE VOTE OF AT LEAST 3/4 OF THE DIRECTORS THEN IN OFFICE. 3. UPDATED THE PROCESS FOR AMENDING THE ORGANIZATION'S BYLAWS TO REQUIRE AN AFFIRMATIVE VOTE OF AT LEAST 2/3 OF THE DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO SUBMISSION. |
| FORM 990, PART VI, SECTION B, LINE 12 | THE ORGANIZATION HAS ANSWERED NO TO PART VI, LINE 12 BECAUSE ITS WRITTEN CONFLICT OF INTEREST POLICY WAS NOT OFFICIALLY ADOPTED BY THE GOVERNING BODY UNTIL FEBRUARY 23, 2024. THE BELOW DESCRIPTION APPLIES TO THE POLICY AS CARRIED OUT AFTER THAT TIME. EACH DIRECTOR, MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE BOARD OF DIRECTORS, PRINCIPAL OFFICER, MEMBER, EMPLOYEE HAVING RESPONSIBILITIES SIMILAR TO A DIRECTOR OR PRINCIPAL OFFICER, SUBSTANTIAL DONOR TO THE ORGANIZATION, OR ANY PERSON IN A POSITION TO EXERCISE SUBSTANTIAL AUTHORITY OVER THE AFFAIRS OF THE ORGANIZATION ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT UPON FIRST ACCEDING TO SUCH OFFICE OR POSITION AND TO UPDATE THE DISCLOSURE STATEMENT IMMEDIATELY FOLLOWING ANY CHANGE IN THE INFORMATION REQUESTED IN THE DISCLOSURE STATEMENT. AFTER A POTENTIAL CONFLICT OF INTEREST HAS BEEN DISCLOSED TO THE BOARD, ALONG WITH ALL MATERIAL FACTS, THE COVERED PERSON SHALL LEAVE THE MEETING WHILE THE DETERMINATION OF AN IMPERMISSIBLE CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE DISINTERESTED MEMBERS OF THE BOARD SHALL DETERMINE WHETHER AN IMPERMISSIBLE CONFLICT OF INTEREST EXISTS. IF SUCH A CONFLICT IS DETERMINED TO EXIST, THE COVERED PERSON MAY MAKE A PRESENTATION TO THE BOARD AT THE MEETING WHERE THE TRANSACTION OR ARRANGEMENT IS BEING CONSIDERED, BUT THEY MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, SUCH TRANSACTION OR ARRANGEMENT. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE DIRECTOR'S SALARY WAS SET BY THE BOARD USING INDUSTRY BENCHMARKS WHICH WERE VALIDATED IN DECEMBER 2023 THROUGH A NON-PROFIT COMPENSATION STUDY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART VI, LINES 13 AND 14: | THE ORGANIZATION HAS ANSWERED NO TO PART VI, LINES 13 AND 14 BECAUSE THESE POLICIES WERE NOT OFFICIALLY ADOPTED BY THE GOVERNING BODY UNTIL FEBRUARY 23, 2024. |
| FORM 990, PART IX, LINE 11G | SCIENTIFIC RESEARCH/PROGRAM CONSULTING: PROGRAM SERVICE EXPENSES 908,480. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 908,480. PAYROLL PROCESSING/HR ADMIN FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 17,848. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,848. VIDEOGRAPHY/GRAPHIC DESIGN: PROGRAM SERVICE EXPENSES 7,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,500. |
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