Nonprofit · EIN 87-3285334
PROJECT INNERSPACE INC
Tax-exempt · BOSTON, MA 02111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $23,114,948 | $11,312,084 | $11,802,864 | $17,786,701 | $1,285,542 | $16,501,159 |
| December 31, 2023 | 990 | $7,587,403 | $3,589,552 | $3,997,851 | $4,864,858 | $166,563 | $4,698,295 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $22,411,133
- of which government grants
- $2,490,843
- Program service revenue
- $90,000
- Investment income
- $619,673
- Net income from sales of inventory
- -$5,858
- Other revenue
- -$5,858
Expenses
- Grants and similar amounts paid
- $1,877,565
- Compensation of officers, directors and key employees
- $505,260
- Other salaries and wages
- $1,992,416
- Salaries, compensation and benefits (total)
- $2,681,963
- Professional fundraising fees
- $0
- Legal fees
- $422,267
- Accounting fees
- $260,196
- Travel
- $341,035
- Program services (functional)
- $9,855,453
- Management and general (functional)
- $1,037,968
- Fundraising (functional)
- $418,663
Balance sheet and other
- Total assets, start of year
- $4,864,858
- Total assets, end of year
- $17,786,701
- Total liabilities, end of year
- $1,285,542
- Net assets, end of year
- $16,501,159
- Net assets without donor restrictions
- $16,501,159
- Gross receipts
- $23,121,675
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- MA
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 |
|---|---|---|---|---|
| JAMIE BEARD | FOUNDER & EXECUTIVE DIRECTOR Trustee or director, Officer | 50 | $486,268 | $18,992 |
| MICHELE SINGER | VICE PRESIDENT, OPERATIONS & GENERAL COUNSEL Highest-paid employee | 40 | $211,538 | $9,698 |
| ROGER ASTON TEAGUE | DIRECTOR OF INNOVATION & GROWTH Highest-paid employee | 40 | $156,923 | $29,812 |
| DREW NELSON | VICE PRESIDENT, PROGRAMS, POLICY & STRATEGY Highest-paid employee | 40 | $179,560 | $0 |
| TAYLOR MATTIE | DIRECTOR OF TECHNOLOGY Highest-paid employee | 40 | $169,999 | $8,441 |
| TRENT MCFADYEN | DIRECTOR OF STRATEGIC INITIATIVES Highest-paid employee | 40 | $164,053 | $0 |
| CAROLINE DE BOSSART LESTER | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| KUMAR GARG | DIRECTOR Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMIE BEARD | PRESIDENT, SECRETARY, EXEC DIR Trustee or director, Officer | 50 | $240,000 |
| KUMAR GARG | DIRECTOR Trustee or director | 5 | $0 |
| CAROLINE DE BOSSART LESTER | TREASURER Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 68 HARRISON AVE STE 605 PMB 99590, BOSTON, MA 02111-1929
- Mailing address (990-N for 2021)
- 1227 South River Street, Marshfield MA 02050
- Principal officer (990 for 2024)
- JAMIE BEARD, 68 HARRISON AVENUE PMB 99590 605, BOSTON, MA 021111929
- Principal officer (990-N for 2021)
- Jamie Beard, 1227 South River Street, Marshfield MA 02050
- Signed the 990
- JAMIE BEARD, PRESIDENT, SECRETARY, EXEC DIR
- Phone
- (212) 697-1000
- Website
- WWW.PROJECTINNERSPACE.ORG
- Return prepared by
- CITRIN COOPERMAN ADVISORS LLC
Mission
SEE SCHEDULE O
Program accomplishments
- 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 OPEN-ACCESS DATABASES TO IDENTIFY DEMONSTRATION PROJECTS, IDENTIFY POLICY AND FINANCIAL BARRIERS, AND SUPPORT WORKFORCE GROWTH.Expenses $3,823,226 · grants $452,900
- 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. GEOMAP IS USED BY THOUSANDS OF ENGINEERS, SCIENTISTS, BUSINESS LEADERS, POLICY-MAKERS, ACADEMICS, AND GEOTHERMAL DEVELOPERS AROUND THE WORLD, INCLUDING MAJOR OIL AND GAS AND TECH INDUSTRY COMPANIES.Expenses $2,037,047 · grants $1,191,525 · revenue $90,000
- 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. OUR FLAGSHIP "GEOTHERMAL HOUSE" CONCEPT BLENDS ART AND SCIENCE INTO AN IMMERSIVE EDUCATIONAL EXPERIENCE WITH BROAD APPEAL, FEATURING OUR NEWLY DEVELOPED "JOURNEY TO THE CENTER OF THE EARTH" GEOTHERMAL VR EXPERIENCE, GEOMAP DEMONSTRATIONS, INNOVATION SHOWCASES, AND OTHER ACTIVITIES. IN 2024 AND 2025, PROJECT INNERSPACE HOSTED GEOTHERMAL HOUSES IN NEW YORK CITY, AUSTIN, TEXAS, SAN FRANCISCO, WASHINGTON D.C., DAVOS, SWITZERLAND, AND NAIROBI, KENYA.Expenses $997,368
- PROJECT INNERSPACE OPERATES PROGRAMS ACROSS THE GLOBE THAT BUILD ECOSYSTEMS AND INCUBATE INNOVATION BY UNITING DECISION-MAKERS, INDUSTRY EXPERTS, AND RESEARCHERS TO REMOVE BARRIERS TO GEOTHERMAL GROWTH AND DEMONSTRATING THE POTENTIAL OF FIRST-OF-A-KIND NEXT-GENERATION GEOTHERMAL TECHNOLOGY TO PRODUCE ELECTRICITY, INDUSTRIAL HEAT, AND COOLING. THROUGH GLOBAL PARTNERSHIPS, TECHNICAL STUDIES, AND STAKEHOLDER ENGAGEMENT, INNERSPACE HELPS CATALYZE NEW MARKETS AND UNLOCK SUSTAINABLE ENERGY DEVELOPMENT WORLDWIDE.Expenses $2,997,812 · grants $233,140 · revenue -$5,858
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
- 87-3285334
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C01)
- Assets (IRS master file)
- $17,786,701
- Income (IRS master file)
- $23,121,675
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $23,114,948 | $11,312,084 | $17,786,701 | IRS |
| 990 | December 2023 | $7,587,403 | $3,589,552 | $4,864,858 | XML |
| 990 | December 2022 | $1,412,062 | $711,618 | $762,291 | IRS |
| 990-N for 2021 Officer: Jamie Beard | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 87-3285334).
Questions about PROJECT INNERSPACE INC
- What is the EIN of PROJECT INNERSPACE INC?
- The employer identification number (EIN) of PROJECT INNERSPACE INC is 87-3285334.
- Is PROJECT INNERSPACE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to PROJECT INNERSPACE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROJECT INNERSPACE 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 PROJECT INNERSPACE 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 PROJECT INNERSPACE 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 PROJECT INNERSPACE INC?
- The 990 for the year ended December 31, 2024 names JAMIE BEARD.
- Who are the officers and directors of PROJECT INNERSPACE INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 6 received compensation from the organization, the highest $486,268 (JAMIE BEARD, FOUNDER & EXECUTIVE DIRECTOR).
- How much revenue does PROJECT INNERSPACE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $23,114,948, expenses of $11,312,084 and total assets of $17,786,701 at year end.
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