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Nonprofiteer
← PROJECT INNERSPACE INC

Form 990 for tax year 2022

Filed by PROJECT INNERSPACE INC.

Totals

Total revenue
$1,412,062
Total expenses
$711,618
Contributions and grants received
$1,412,062
Grants paid
$217,377
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$762,291
Total liabilities, end of year
$61,847
Net assets or fund balances, end of year
$700,444
Program services expenses (Part IX)
$622,860
Management and general expenses
$57,691
Fundraising expenses
$31,067
Program service expenses (Part III)
$622,860

Program services were 87.5% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,412,062

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $217,377 · program services $217,377

  • 5 · Compensation of officers, directors and key employees

    total $193,847 · program services $145,385 · management and general $19,385 · fundraising $29,077

  • 10 · Payroll taxes

    total $11,552 · program services $8,664 · management and general $1,155 · fundraising $1,733

  • 11c · Fees: accounting

    total $22,775 · management and general $22,775

  • 12 · Advertising and promotion

    total $98 · fundraising $98

  • 14 · Information technology

    total $10,455 · management and general $10,455

  • 17 · Travel

    total $17,060 · program services $17,060

  • 19 · Conferences, conventions and meetings

    total $145,174 · program services $145,174

  • 23 · Insurance

    total $80 · management and general $80

  • 24a · Other expenses: CONTRACTOR PAYMENTS

    total $86,382 · program services $86,382

  • 24b · Other expenses: MISCELLANEOUS AND OTHER

    total $3,841 · management and general $3,841

  • 24c · Other expenses: SUPPLIES AND MATERIALS

    total $2,818 · program services $2,818

  • 24d · Other expenses: COMMUNICATIONS

    total $159 · fundraising $159

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $757,291

  • 4 · Accounts receivable

    end of year $5,000

  • 17 · Accounts payable and accrued expenses

    end of year $61,847

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $700,444

  • 28 · Net assets with donor restrictions

    beginning of year $0

Mission and programs · 2022

Mission

PROJECT INNERSPACE IS A 501(C)(3) NON-PROFIT FOCUSED ON EXPANDING THE USE OF GEOTHERMAL ENERGY GLOBALLY. INNERSPACE AIMS TO MAKE THE PRODUCTION OF CLEAN, ALWAYS ON GEOTHERMAL ENERGY POSSIBLE ANYWHERE IN THE WORLD BY 2030. WE COMBINE THE VOICES OF VISIONARIES, ENTREPRENEURS, AND DISRUPTORS WITH THE BREAKTHROUGH EXPERTISE OF GEOLOGISTS, DRILLING EXPERTS, AND WELL ENGINEERS TO BUILD A FUTURE WHERE GEOTHERMAL WILL ENABLE THE WORLD TO MEET ITS CLIMATE AND ENERGY GOALS.

Activities or mission (Part I)

PROJECT INNERSPACE IS A 501(C)(3) NON-PROFIT FOCUSED ON EXPANDING THE USE OF GEOTHERMAL ENERGY GLOBALLY. INNERSPACE AIMS TO MAKE THE PRODUCTION OF CLEAN, ALWAYS ON GEOTHERMAL ENERGY POSSIBLE ANYWHERE IN THE WORLD BY 2030. WE COMBINE THE VOICES OF VISIONARIES, ENTREPRENEURS, AND DISRUPTORS WITH THE BREAKTHROUGH EXPERTISE OF GEOLOGISTS, DRILLING EXPERTS, AND WELL ENGINEES TO BUILD A FUTURE WHERE GEOTHERMAL WILL ENABLE THE WORLD TO MEET ITS CLIMATE AND ENERGY GOALS.

  • PROJECT INNERSPACE DEPLOYS GRANTS TO ORGANIZATIONS AROUND THE WORLD TO FUND RESEARCH AND THOUGHT LEADERS WHO ARE BUILDING THE FUTURE OF GEOTHERMAL ENERGY. PROGRAMS BUILD THE FUTURE OF GEOTHERMAL ENERGY AND BUILD MOMENTUM WITHIN THE ENERGY INDUSTRY TOWARD MAKING GEOTHERMAL ENERGY PRODUCTION THAT IS SCALABLE BY 2030.

    Expenses $622,860 · Grants $217,377

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jamie Beard

    FOUNDER & EXECUTIVE DIRECTOR

    Total calculated
    $193,846
    From this org
    $193,846
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,846
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $193,846

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

Answered yes

  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Provenance

Return type
form_990
Tax year
2022
Filed
2 August 2023
IRS schema version
2022v5.0
Source object
202332149349300608

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