Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
8 people listed on the 990; $1.4M paid to officers and key staff.
Jamie Beard’s $486K as Founder & Executive Director is at the 89th 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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Enabling worldwide, always-on clean geothermal energy production by 2030.
Questions for Project Innerspace INC
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.4M | $16.2M |
| Total assetsLn 16 | $4.9M | $17.8M |
| LiabilitiesLn 26 | $167K | $1.3M |
| Net assetsLn 32 | $4.7M | $16.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $652K | $652K | ||
| Grants and assistance to foreign recipientsLn 3 | $1.2M | $1.2M | ||
| Pay of current officers, directors and key staffLn 5 | $505K | $379K | $63K | $64K |
| Other salaries and wagesLn 7 | $2.0M | $1.5M | $248K | $251K |
| Other employee benefitsLn 9 | $55K | $47K | $6K | $2K |
| Payroll taxesLn 10 | $130K | $109K | $17K | $3K |
| Legal feesLn 11b | $422K | $350K | $72K | |
| Accounting feesLn 11c | $260K | $260K | ||
| Other fees for servicesLn 11g | $4.3M | $4.2M | $103K | $423 |
| Advertising and promotionLn 12 | $268K | $265K | $3K | |
| Office expensesLn 13 | $209K | $104K | $105K | |
| Information technologyLn 14 | $135K | $135K | ||
| TravelLn 17 | $341K | $98K | $159K | $84K |
| Conferences, conventions and meetingsLn 19 | $639K | $626K | $12K | |
| InsuranceLn 23 | $7K | $3K | $4K | $33 |
| Other expenses (24a–d)Ln 24 | $217K | $217K | ||
| All other expensesLn 24e | $1K | $1K | ||
| Total functional expensesLn 25 | $11.3M | $9.9M | $1.0M | $419K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $23.1M | $11.3M | $11.8M | $16.5M | 990 PDF |
| FY2023 | $7.6M | $3.6M | $4.0M | $4.7M | 990 PDF |
| FY2022 | $1.4M | $712K | $700K | $700K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $23,114,948 revenue, 12 lines filed
Part VI · Governance 2 of 3 board members independent, no flags
Part VIII · Statement of revenue $23,114,948 across 6 lines filed
Part IX · Statement of functional expenses $11,312,084 across 17 lines filed
Part X · Balance sheet $17,786,701 assets, 10 lines filed
Part XI · Reconciliation of net assets $16,501,159 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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