Project Innerspace Inc

“The board of directors reviews and approves the form 990 prior to submission.”

“Each director, member of a committee with powers delegated by the board of directors, principal officer, member, employee having responsibilities similar to a director or principal officer, substantial donor to the organization, or any person in a position to exercise substantial authority over the affairs of the organization are required to complete a conflict of interest disclosure statement upon first acceding to such office or position and to update the disclosure statement immediately following any change in the information requested in the disclosure statement. After a potential conflict of interest has been disclosed to the board, along with all material facts, the covered person shall leave the meeting while the determination of an impermissible conflict of interest is discussed and voted upon. The disinterested members of the board shall determine whether an impermissible conflict of interest exists. If such a conflict is determined to exist, the covered person may make a presentation to the board at the meeting where the transaction or arrangement is being considered, but they must leave the meeting during the discussion of, and the vote on, such transaction or arrangement.”

“The executive director's salary was set by the board using industry benchmarks which were validated in december 2024 through a non-profit compensation study.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Project innerspace is a 501(c)(3) non-profit focused on expanding the use of geothermal energy globally. We aim to unlock global exponential growth of geothermal by facilitating the rapid transfer of resources, technologies and know-how from the oil and gas industry toward geothermal energy production. Innerspace is on a sprint to make the production of clean, always-on geothermal energy possible anywhere in the world by 2030.”

“During 2024, the organization used a peo in connection with its employees. The peo filed all payroll tax returns under its name, therefore no amount has been reported on this line.”

“Payroll processing/hr admin fees: program service expenses 38,926. Management and general expenses 10,261. Fundraising expenses 423. Total expenses 49,610. Report writing services: program service expenses 175,714. Management and general expenses 0. Fundraising expenses 0. Total expenses 175,714. Scientific research/program consulting: program service expenses 3,913,899. Management and general expenses 92,266. Fundraising expenses 0. Total expenses 4,006,165. Videography/graphic design: program service expenses 21,587. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,587.”