Project Innerspace Inc.

“The organization's bylaws were amended on february 23, 2024. Significant changes included: 1. Established the number of members of the board of directors as consisting of not less than two or more than seven directors. 2. Updated the process for removal of a director from the board to require an affirmative vote of at least 3/4 of the directors then in office. 3. Updated the process for amending the organization's bylaws to require an affirmative vote of at least 2/3 of the directors.”

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

“The organization has answered no to part vi, line 12 because its written conflict of interest policy was not officially adopted by the governing body until february 23, 2024. The below description applies to the policy as carried out after that time. 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 2023 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.”

“The organization has answered no to part vi, lines 13 and 14 because these policies were not officially adopted by the governing body until february 23, 2024.”

“Project innerspace is a 501(c)(3) non-profit committed to accelerating the energy transition by educating the public and relevant industries about the potential for geothermal energy as an unlimited, carbon-neutral energy source. It seeks to facilitate the research, development and transfer of technology and skills to enable widespread and rapid adoption of geothermal energy by 2030. Energy use worldwide is expected to double by 2050. At the same time, the global community seeks to decarbonize. To meet both these goals, we must transition away from oil and gas while incorporating more renewable resources into the energy mix. On its current trajectory, wind, solar, nuclear and hydropower will not be able to meet the world's growing energy demands. At project innerspace, we seek to leverage the technology and skills developed by the oil and gas industry to unlock the potential of geothermal energy as a reliable, affordable, accessible, sustainable, and unlimited energy choice. Project innerspace seeks to meet its mission goals by eliminating the barriers to scalable geothermal energy. Current projects include geomap, pivot + geothermal house, and geode, among others.”

“Scientific research/program consulting: program service expenses 908,480. Management and general expenses 0. Fundraising expenses 0. Total expenses 908,480. Payroll processing/hr admin fees: program service expenses 0. Management and general expenses 17,848. Fundraising expenses 0. Total expenses 17,848. Videography/graphic design: program service expenses 7,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,500.”