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Project Innerspace INC

Public charityFed auditsIRS 990
Environment · BOSTON, MA · EIN 87-3285334

About

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.

Donations are tax-deductible
Category
Environment
Employees
1
Volunteers
0

Financial Snapshot

FY ending 2023-12-31
Revenue
$7.6M
Expenses
$3.6M
Assets
$4.9M
Liabilities
$167K

Financial history

$7.6M$3.8M$0
2223
RevenueExpenses
Latest FY2023: $7.6M

Foreign activity (Schedule F)

Total spent abroad$1.4M
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
EUROPE (INCLUDING ICELAND & GREENLAND)
EAST ASIA AND THE PACIFIC
EUROPE (INCLUDING ICELAND & GREENLAND)
MIDDLE EAST AND NORTH AFRICA

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$2.0M
PROJECT INNERSPACE INC
Your actions

Address

68 Harrison AVE STE 605 PMB 99590
Boston, MA, 02111-192

Governance

Voting board members3
Independent members2
Conflict-of-interest policyNo
Whistleblower policyNo
Doc-retention policyNo
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
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