NonprofitsProject Innerspace Inc

Environment

Project Innerspace Inc

BOSTON, MA

Total revenue

$23.1M

Total expenses

$11.3M

Net assets

$16.5M

Grants received

$23.3M

18 grants

EIN

873285334

Tax year

2024

Mission

To make the production of clean, always-on geothermal energy possible anywhere in the world by 2030.

Programs

3 programs

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: $2.0MGrants: $1.2M

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: $997K

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: $3.0MGrants: $233K

Financials

FY 2024

Revenue

Contributions & grants$22.4M
Program service revenue$90K
Investment income$620K
Other revenue
Total revenue$23.1M

Expenses

Grants paid$1.9M
Salaries & benefits$2.7M
Fundraising$419K
Other expenses$6.8M
Total expenses$11.3M
Total assets$17.8M
Net assets$16.5M

People

8 listed

NameRoleCompensation

JAMIE BEARD

FOUNDER & EXECUTIVE DIRECTOR

Board

$486K

50 hrs/wk

KUMAR GARG

DIRECTOR

Board

5 hrs/wk

CAROLINE DE BOSSART LESTER

TREASURER

Board

5 hrs/wk

MICHELE SINGER

VICE PRESIDENT, OPERATIONS & GENERAL COUNSEL

Staff

$212K

40 hrs/wk

DREW NELSON

VICE PRESIDENT, PROGRAMS, POLICY & STRATEGY

Staff

$180K

40 hrs/wk

TAYLOR MATTIE

DIRECTOR OF TECHNOLOGY

Staff

$170K

40 hrs/wk

TRENT MCFADYEN

DIRECTOR OF STRATEGIC INITIATIVES

Staff

$164K

40 hrs/wk

ROGER ASTON TEAGUE

DIRECTOR OF INNOVATION & GROWTH

Staff

$157K

40 hrs/wk

Independent contractors

FOLEY HOAG LLP

LEGAL

$280K

DANIEL PENROD

ADVISORY

$240K

YPTC

ACCOUNTING

$235K

BIOSPHERIC AI LLC

CONSULTING

$190K

SMITA SATIANI

PROGRAMMING

$142K

Grants received

Showing 18 of 18

FromAmountPurposeYear
$2.4M
CLIMATE SCIENCE & POLICY RESEARCH
2024
$500K
GENERAL PURPOSE
2024
$17K
GENERAL SUPPORT
2024
$15.0M
For grant recipient's exempt purposes
2023
$2.0M
PUBLIC, SOCIETAL BENEFIT
2023
$1.5M
CLIMATE SCIENCE & POLICY RESEARCH
2023
$500K
GENERAL PURPOSE
2023
$100K
TO SUPPORT THE RAPID TRANSFER OF RESOURCES, TECHNOLOGIES, AND KNOW-HOW FROM THE OIL AND GAS INDUSTRY TOWARD GEOTHERMAL ENERGY PRODUCTION.
2023
$80K
GENERAL SUPPORT
2023
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$6K
GENERAL SUPPORT
2023
$1K
FUNDS CONTRIBUTED TO DO RESEARCH FOR CLEAN ENERGY
2023
$260
CATALYZE GEOTHERMAL TECH
2023
$105
MATCHING GIFTS
2023
$50K
ENVIRONMENT, ANIMALS
2022
$1.1M
PUBLIC, SOCIETAL BENEFIT
2021

Funded by

$23.3M from 13 funders · 18 grants · 2021–2024

Grantham Foundation For The Protection

$3.9M · 2 grants · 2023–2024

Donor Advised Charitable Giving Inc

$3.1M · 2 grants · 2021–2023

Bernard And Anne Spitzer

$1M · 2 grants · 2023–2024

Greenbridge Family Foundation

$100K · 1 grant · 2023

Humane America Animal Foundation

$80K · 1 grant · 2023

National Philanthropic Trust

$50K · 1 grant · 2022

American Online Giving Foundation Inc

$37K · 2 grants · 2023–2024

Details

EIN873285334
NTEE codeC01
Subsection03
Ruling date2022-02
Formed2021
Employees0
Volunteers0
PROJECT INNERSPACE INC — Mission, Financials & Grants Received | Grantivo