Project Innerspace INC
Enabling worldwide, always-on clean geothermal energy production by 2030. For fiscal year 2024 it reported $23.1M in revenue, $11.3M in expenses, and $16.5M in net assets.Pt I
- Founded
- 2021
- Type
- Public charity (501(c)(3)) · Environment
- Location
- Boston, MA
- Website
- www.projectinnerspace.org
- Filings
- 3 on file (2022–2024)
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Summary of the Filing
Where the work happens
Geode
The geothermal energy from oil and gas demonstration engineering project (geode) is a U.S. Department of energy project jointly managed by project innerspace and the society of petroleum engineers to convene stakeholders across geothermal and oil and gas sectors to facilitate technology transfer from oil and gas to geothermal, create…
Geo Map
Project innerspace built geomap, a web-based, global geothermal resource and prospecting map with 400+ layers of data, evaluated by hundreds of scientists to serve as a development guide for siting geothermal resources.
Outreach/Geothermal House
Project innerspace builds the social license of geothermal around the world through unique events that highlight geothermal as the super-hot future of energy and launch conversations that help overcome a polarized energy landscape.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Jamie Beard’s $486K as Founder & Executive Director is at the 90th percentile of top reported officer pay among 324 $10–100M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 6 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Jamie Beard | $486,268 | $240,000 | $193,846 |
| Michele Singer | $211,538 | — | — |
| Drew Nelson | $179,560 | — | — |
| Taylor Mattie | $169,999 | — | — |
| Trent McFadyen | $164,053 | — | — |
| Roger Aston Teague | $156,923 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 87% | — | — |
| Overhead ratio | 9% | — | — |
| Fundraising cost ratio | 2% | — | — |
| Revenue growth | 205% | — | — |
| Legal fee ratio | 4% | — | — |
| Accounting fee ratio | 2% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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