Form 990 for tax year 2024

Totals

Total revenue

$23,114,948

Total expenses

$11,312,084

Contributions and grants received

$22,411,133

Grants paid

$1,877,565

Program service revenue

$90,000

Investment income

$619,673

Other revenue

-$5,858

Total assets, end of year

$17,786,701

Total liabilities, end of year

$1,285,542

Net assets or fund balances, end of year

$16,501,159

Program services expenses (Part IX)

$9,855,453

Management and general expenses

$1,037,968

Fundraising expenses

$418,663

Program service expenses (Part III)

$9,855,453

Program services were 87.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• 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

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• FEDERATION OF AMERICAN SCIENTISTS

  $150,000

  GEODE - FEDERAL GRANT FROM DOE

• JATAWARE

  $100,000

  RESEARCH AND DEVELOPMENT OF PROGRAM TOOLS

• AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS

  $97,900

  GEODE - FEDERAL GRANT FROM DOE

• SOUTHWEST RESEARCH INSTITUTE

  $85,000

  RESEARCH AND DEVELOPMENT OF PROGRAM TOOLS

• RHODIUM GROUP LLC

  $77,440

  STRATEGY & POLICY DEVELOPMENT

• RICE UNIVERSITY

  $69,153

  GEOMAP

• UNIVERSITY OF MASSACHUSETTS AMHERST

  $45,000

  GEODE - FEDERAL GRANT FROM DOE

• AMERICAN SOCIETY OF MECHANICAL ENGINEERS

  $25,000

  GEODE - FEDERAL GRANT FROM DOE

Provenance

Return type

form_990

Tax year

2024

Filed

3 November 2025

IRS schema version

2024v5.2

Source object

202543189349301839

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