Civic Intelligence

Project Innerspace Inc.

990 • Fiscal year 2022 • EIN 87-3285334

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 02, 2023

Organization ProfileWWW.PROJECTINNERSPACE.ORG
1227 South River StreetMarshfield, MA 02050

(212) 697-1000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.08x

Higher debt load relative to assets than 54% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

40th percentile

0.04x

Higher debt load relative to revenue than 40% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

89th percentile

50%

Higher net margin than 89% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

90th percentile

$193,846

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets54th percentile

Assets

$762,291

No earlier filing loaded for comparison.

Net Assets

$700,444

No earlier filing loaded for comparison.

Liabilities

$61,847

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin89th percentile

Revenue

$1,412,062

No earlier filing loaded for comparison.

Expenses

$711,618

No earlier filing loaded for comparison.

Net Income

$700,444

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2022: $762,291Liabilities 2022: $61,847Net Assets 2022: $700,4442022Assets 2023: $4,864,858Liabilities 2023: $166,563Net Assets 2023: $4,698,2952023Assets 2024: $17,786,701Liabilities 2024: $1,285,542Net Assets 2024: $16,501,1592024

Highlighted filing

2022

Assets$762,291
Liabilities$61,847
Net Assets$700,444
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Revenue 2022: $1,412,062Expenses 2022: $711,618Net Income 2022: $700,4442022Revenue 2023: $7,587,403Expenses 2023: $3,589,552Net Income 2023: $3,997,8512023Revenue 2024: $23,114,948Expenses 2024: $11,312,084Net Income 2024: $11,802,8642024

Highlighted filing

2022

Revenue$1,412,062
Expenses$711,618
Net Income$700,444
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 2, 2023
Return Version
2022v5.0
Gross Receipts
$1,412,062
Mission and Program Overview

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$757,291-
Accounts Receivable-$5,000-
Total Assets$0$762,291▲ $762,291
Liabilities
Accounts Payable and Accrued Expenses-$61,847-
Total Liabilities$0$61,847▲ $61,847
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$700,444▲ $700,444
Net Assets With Donor Restrictions$0--
Total Net Assets Fund Balance$0$700,444▲ $700,444
Total Liabilities and Net Assets / Fund Balance$0$762,291▲ $762,291
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jamie BeardFounder & Executive DirectorFT$193,846$193,846
Revenue and Support

Revenue Composition

Contributions and Grants
$1,412,062
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,412,062
Change in Net Assets
$700,444

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,412,062
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,412,062
Total Revenue per Form 990
$1,412,062
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$288,842
Grants and Similar Amounts Paid$217,377
Salaries, Compensation, and Employee Benefits$205,399
Total Fundraising Expense$31,067
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$217,377--$217,377
Current Officers, Directors, Trustees, and Key Employees$145,385$19,385$29,077$193,847
Conferences and Meetings$145,174--$145,174
Fees for Services Accounting-$22,775-$22,775
Travel$17,060--$17,060
Payroll Taxes$8,664$1,155$1,733$11,552
Information Technology-$10,455-$10,455
Other Expenses$2,818$3,841$159$159
Advertising--$98$98
Insurance-$80-$80
Total Functional Expenses$622,860$57,691$31,067$711,618

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$711,618
Total Expenses per Audited Statements$711,618
Total Expenses per Form 990$711,618
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Texas A&m UniversityCollege Station, TX-Project Research$100,000
Rice UniversityHouston, TX-Project Research$67,377
Heet (home Energy Efficiency Team)Boston, MA-Project Research$50,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

“As of december 31, 2022, the founder/executive director was in the process of recruiting board members to create a board of directors. At december 31, 2022, the founder was the sole member of the board of directors.”

Form 990, Part VI, Section A, Line 8B

“As of december 31, 2022, the founder/executive director was in the process of recruiting board members to fulfill board positions.”

Form 990, Part VI, Section B, Line 11B

“The executive director/founder reviews and approves the federal form 990 prior to submission.”

Form 990, Part VI, Section B, Line 12C

“Officers, directors and key employees complete a compliance form that is maintained by the organization.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Project Innerspace Inc
EIN
87-3285334
Phone
2126971000
Address
1227 SOUTH RIVER STREET, MARSHFIELD, MA 02050

Signing Officer

Name
Jamie Beard
Title
Founder and Executive Director
Phone
2126971000
Signed
2023-08-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jamie Beard
Formed
2021
Legal Domicile
Ma
Voting Board Members
1
Independent Board Members
0
Employees
1
Volunteers
0

Preparer

Firm
Citrin Cooperman Advisors LLC
Address
30 BRAINTREE HL OFFICE PARK STE 300, BRAINTREE, MA 02184
Preparer
Jeffrey Alvanas
Phone
7813562000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The executive director and the board assume responsibility.”

Financial Statement Notes

PART X, LINE 2:

“The organization received their irs tax exemption letter on february 11, 2022, with an effective date of october 21, 2021, when the organization was incorporated. The organization is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code ("the irc") and accordingly, no provision for income taxes have been recorded in the accompanying financial statements. The organization is subject to federal and state income taxes on unrelated business income, if any. The organization files informational tax returns as required by the irc. The organization accounts for uncertain tax positions in accordance with fasb asc topic income taxes. This topic prescribes a recognition threshold and measurement process for financial statement recognition of uncertain tax positions taken or expected to be taken in a tax return. This topic also provides guidance on recognition, derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Management believes that the organization has no material uncertain tax positions as of december 31, 2022.”

Raw XML Appendix357 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt061847
IRS990/AccountsReceivableGrp/EOYAmt05000
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROJECT 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.
IRS990/AdvertisingGrp/FundraisingAmt098
IRS990/AdvertisingGrp/TotalAmt098
IRS990/AllOtherContributionsAmt01412062
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0JAMIE BEARD - FOUNDER AND EXECUTIVE
IRS990/BooksInCareOfDetail/PhoneNum02126971000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01227 S RIVER STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0MARSHFIELD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002050
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/EOYAmt0757291
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt029077
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt019385
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0145385
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0193847
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0145174
IRS990/ConferencesMeetingsGrp/TotalAmt0145174
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01412062
IRS990/CYGrantsAndSimilarPaidAmt0217377
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0288842
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0700444
IRS990/CYSalariesCompEmpBnftPaidAmt0205399
IRS990/CYTotalExpensesAmt0711618
IRS990/CYTotalFundraisingExpenseAmt031067
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01412062
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PROJECT 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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0622860
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt022775
IRS990/FeesForServicesAccountingGrp/TotalAmt022775
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0JAMIE BEARD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0193846
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0FOUNDER & EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02021
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantAmt0217377
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0217377
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0217377
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01412062
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt010455
IRS990/InformationTechnologyGrp/TotalAmt010455
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt080
IRS990/InsuranceGrp/TotalAmt080
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd00
IRS990/MissionDesc0PROJECT 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesEOYAmt0700444
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0700444
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACTOR PAYMENTS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS AND OTHER
IRS990/OtherExpensesGrp/Desc2SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/Desc3COMMUNICATIONS
IRS990/OtherExpensesGrp/FundraisingAmt0159
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03841
IRS990/OtherExpensesGrp/ProgramServicesAmt086382
IRS990/OtherExpensesGrp/ProgramServicesAmt12818
IRS990/OtherExpensesGrp/TotalAmt086382
IRS990/OtherExpensesGrp/TotalAmt13841
IRS990/OtherExpensesGrp/TotalAmt22818
IRS990/OtherExpensesGrp/TotalAmt3159
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01733
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01155
IRS990/PayrollTaxesGrp/ProgramServicesAmt08664
IRS990/PayrollTaxesGrp/TotalAmt011552
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMIE BEARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0700444
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01412062
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01412062
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0165026
IRS990ScheduleA/SubstantialContributorsTotAmt01247036
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01412062
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01412062
IRS990ScheduleA/TotalSupportAmt01412062
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0711618
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01412062
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVED THEIR IRS TAX EXEMPTION LETTER ON FEBRUARY 11, 2022, WITH AN EFFECTIVE DATE OF OCTOBER 21, 2021, WHEN THE ORGANIZATION WAS INCORPORATED. THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("THE IRC") AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME, IF ANY. THE ORGANIZATION FILES INFORMATIONAL TAX RETURNS AS REQUIRED BY THE IRC. THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC TOPIC INCOME TAXES. THIS TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THIS TOPIC ALSO PROVIDES GUIDANCE ON RECOGNITION, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NO MATERIAL UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0711618
IRS990ScheduleD/TotalRevenuePerForm990Amt01412062
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01412062
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0711618
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt067377
IRS990ScheduleI/RecipientTable/CashGrantAmt1100000
IRS990ScheduleI/RecipientTable/CashGrantAmt250000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROJECT RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PROJECT RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2PROJECT RESEARCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0RICE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1TEXAS A&M UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2HEET (HOME ENERGY EFFICIENCY TEAM)
IRS990ScheduleI/RecipientTable/RecipientEIN0741109620
IRS990ScheduleI/RecipientTable/RecipientEIN1741238434
IRS990ScheduleI/RecipientTable/RecipientEIN2800388618
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 1892 MS-74
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1400 HARVEY MITCHELL PARKWAY SOUTH
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt250 MILK STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0SUITE 300 3578 TAMU
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HOUSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1COLLEGE STATION
IRS990ScheduleI/RecipientTable/USAddress/CityNm2BOSTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd077251
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd177843
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd202108
IRS990ScheduleI/TotalOtherOrgCnt03
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0193846
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMIE BEARD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FOUNDER & EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0193846
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER 31, 2022, THE FOUNDER/EXECUTIVE DIRECTOR WAS IN THE PROCESS OF RECRUITING BOARD MEMBERS TO CREATE A BOARD OF DIRECTORS. AT DECEMBER 31, 2022, THE FOUNDER WAS THE SOLE MEMBER OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS OF DECEMBER 31, 2022, THE FOUNDER/EXECUTIVE DIRECTOR WAS IN THE PROCESS OF RECRUITING BOARD MEMBERS TO FULFILL BOARD POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR/FOUNDER REVIEWS AND APPROVES THE FEDERAL FORM 990 PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICERS, DIRECTORS AND KEY EMPLOYEES COMPLETE A COMPLIANCE FORM THAT IS MAINTAINED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE EXECUTIVE DIRECTOR AND THE BOARD ASSUME RESPONSIBILITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt0762291
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0762291
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt01412062
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt031067
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt057691
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0622860
IRS990/TotalFunctionalExpensesGrp/TotalAmt0711618
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt061847
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt061847
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0700444
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0622860
IRS990/TotalReportableCompFromOrgAmt0193846
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01412062
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0762291
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt017060
IRS990/TravelGrp/TotalAmt017060
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01227 SOUTH RIVER STREET
IRS990/USAddress/CityNm0MARSHFIELD
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002050
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0HTTPS://WWW.PROJECTINNERSPACE.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMIE BEARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER AND EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02126971000
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROJECT INNERSPACE INC
ReturnHeader/Filer/BusinessNameControlTxt0PROJ
ReturnHeader/Filer/EIN0873285334
ReturnHeader/Filer/PhoneNum02126971000
ReturnHeader/Filer/USAddress/AddressLine1Txt01227 SOUTH RIVER STREET
ReturnHeader/Filer/USAddress/CityNm0MARSHFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002050
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0872525370
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CITRIN COOPERMAN ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt030 BRAINTREE HL OFFICE PARK STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRAINTREE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002184
ReturnHeader/PreparerPersonGrp/PhoneNum07813562000
ReturnHeader/PreparerPersonGrp/PreparationDt02023-08-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY ALVANAS
ReturnHeader/ReturnTs02023-08-02T08:33:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BEARD
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$762,291
Liabilities
$61,847
Net assets
$700,444
Revenue
$1,412,062
Expenses
$711,618
Net income
$700,444
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.8$1.29$16.5$23.1$11.3$11.8
2023Detailed filing. Detailed filing data is available for this year.$4.86$0.17$4.70$7.59$3.59$4.00
2022Detailed filing. Detailed filing data is available for this year.$0.76$0.06$0.70$1.41$0.71$0.70