Boston MA | IRS ruling year: 2022 | EIN: 87-3285334
An EIN is a unique nine-digit number that identifies a business for tax purposes.
An EIN is a unique nine-digit number that identifies a business for tax purposes.
Organization Mission
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 to ... (More)
Rating Information
Great
This charity's score is 100%, earning it a Four-Star rating. If this organization aligns with your passions and values, you can give with confidence.
Charity Navigator's ratings previously did not consider Leadership & Adaptability, Culture & Community, or Impact & Measurement. The historic rating mainly reflects a version of today’s Accountability and Finance score. More information on our previous rating methodologies can be found on our rating methodology page.
Rating histories are available for a growing number of rated organizations. Check back later to see if this organization has a rating history!
Project Innerspace Inc. cannot currently be evaluated by our Accountability & Finance methodology due to only having 2 years of electronically-filed IRS Form 990 data.
To ensure year-to-year consistency the Encompass Rating System's Accountability & Finance beacon analyzes the three-year average of some data provided through the IRS 990.
Charity Navigator currently only has 2 years of consecutive e-filed Forms 990 from the IRS for Project Innerspace Inc. under the EIN: 87-3285334.
Before Charity Navigator can evaluate Project Innerspace Inc., Project Innerspace Inc. will need to e-file for additional fiscal years.
This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.
Click or hover over the bar to see exact $ amount
Salary of Key Persons - Data Available
Presented here are up to five of this organization's highest compensated employees. This compensation data includes salary, cash bonuses, and expense accounts and is displayed exactly how it is reported to the IRS. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. In some cases, these amounts may include compensation from related organizations. Read the IRS policies for compensation reporting
Jamie Beard, President, Secretary, Exec Dir
$240,000
Kumar Garg, Director
$0
Caroline De Bossart Lester, Treasurer
$0
Source: IRS Form 990 (page 7), filing year 2023
IRS Published Data (Business Master File) - Data Available
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) (BMF foundation code: 15)
Affiliation:
Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)
Data Sources (IRS Forms 990) - Data Available
The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage accountability and finance data from it to form Encompass ratings. Click here to search for this organization's Forms 990 on the IRS website (if any are available). Simply enter the organization's name (Project Innerspace Inc.) or EIN (873285334) in the 'Search Term' field.
Impact & Measurement
In partnership with
Score
100
This beacon estimates the actual impact a charity has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.
Project InnerSpace is fast-tracking next-generation technologies that can make geothermal energy available worldwide.
Program Context
Data not available
Data Time Period
Data not available
Benchmark for Scoring
Data not available
Methodology
Data not available
Data Source
This impact score is based on assessments by Giving Green. For more information visit https://www.givinggreen.earth/top-climate-change-nonprofit-donations-recommendations
Measurement
Unscored
0% of Impact & Measurement score
Culture & Community
Not Currently Scored
Project Innerspace Inc. cannot currently be evaluated by our Culture & Community methodology because we have not received data from the charity regarding its Constituent Feedback or Equity Practices strategies.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.
This beacon provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.
The nonprofit organization presents evidence of strategic thinking through articulating the organization's mission.
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.
We’re on a sprint to complete our mission by 2030. By the end of this decade – when our work is complete – geothermal energy development will be on an exponential roll with the oil and gas industry engaged on a worldwide scale.
Vision Statement
10 out of 10 points
The nonprofit organization presents evidence of strategic thinking through articulating the organization's vision.
Engineering geothermal’s global, exponential growth by 2030
Strategic Goals
20 out of 20 points
The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.
Goal One: Deploy a disruptive roster of innovative geothermal start-ups experiencing delay due to funding scarcity into the field, leveraging our Phase I prospecting map to identify high-impact pilot locations.
Goal Two: Reduce risk associated with new scalable geothermal concepts sufficiently to catalyze significant private investment via traditional project financing mechanisms.
Goal Three: Reduce risk associated with new scalable geothermal concepts sufficiently to catalyze significant private investment via traditional project financing mechanisms.
Leadership
30 out of 30 points
Full Credit
Partial Credit
No Credit
Investment in Leadership Development
15 out of 15 points
The nonprofit provides evidence of investment in leadership development.
External leadership training consulting programs, internal mentorship programs and external media training for key individuals
External Focus on Mobilizing Mission
15 out of 15 points
The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.
Strategic Partnerships
Collaborative Engagement
Thought Leadership
Social Promotion
Civic Engagement
Public Policy Advocacy
Adaptability
30 out of 30 points
Full Credit
Partial Credit
No Credit
Adaptability Statement
30 out of 30 points
The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.
We have been adapting to a post-covid change in the way effective communications are done in order to drive our mission forward. This includes more in-person contact rather than virtual where needed, but still relying on modern communications to realize the vision such as having our organization be fully remote. As we have seen success in our mission, we have also seen an increased rate of grants and donations flow in, which has allowed us to build a larger team to accelerate the pace of our work. This has led to structural changes internally that benefit a rapid pace of deployment