EIN 81-2620127

Current Innovation NFP

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2016
Most recent tax filings
2023-12-01
Description
Current Innovation NFP grows an inclusive blue economy, accelerates innovation, and solves persistent water challenges. It launched in 2016 as a Chicago-based water innovation hub to realize the region's economic and environmental potential in this area. Through cross-sector convening of local and global water sector stakeholders, Current builds networks.
Total revenues
$1,971,091
2023
Total expenses
$1,596,425
2023
Total assets
$2,015,198
2023
Num. employees
0
2023

Program areas at Current Innovation NFP

Current is a Chicago-based water innovation hub launched in 2016 to help realize the region's economic and environmental potential as a water innovation leader. As a cross-sector convenor of local and global water sector stakeholders, Current builds networks, organizes events, and helps develop pilot projects that achieve environmental and economic equity. Current serves as a conduit for both technology and innovation, monitoring independently evaluating new ideas and technology in water management, and working with utilities, research institutions, businesses, and innovators to test new solutions. Current shares information with community-based organizations and serves as a trusted partner working towards economic inclusion and environmental justice. Current works to grow an inclusive blue economy by generating research and data to inform strategic priorities, driving collaborations among researchers, entrepreneurs, corporations, investors, utilities, and community partners. We work to keep water in focus as an economic development priority and create strategies to support education, workforce development, entrepreneurship, and investment. We host events and convenings to strengthen our networks.Current accelerates innovation by maintaining a sophisticated understanding of the state of the art in water technology, and identifying and supporting the development of promising technologies that solve persistent and emerging water challenges. We convene the capabilities of our Current Research Consortium to bridge advanced fundamental science and practical, outcome-based applied research. We also pursue research funding opportunities and cross-institutional partnerships to strengthen the research ecosystem, driving more financial resources and expertise to priority problems. Current helps solve pressing water challenges by identifying and independently assessing new technologies and building partnerships to help promising innovations go to scale. We do this by testing technologies and recommending the best solutions for others to try, or for us to pilot, to help improve water quality and management. Current maintains a database of promising water technologies that we have sourced and "de-risked" evaluated for their potential to be implemented at-cost and at-scale. We continue to receive and evaluate these new technologies and serve as a neutral recommendation engine for our major water utilities in the region. Across all of our work, Current demonstrates a commitment to environmental justice and inclusion. We seek to address water challenges through solutions that advance an equitable water infrastructure: the technologies we identify and pilot help to ensure that all people have access to safe and clean water, and that water resources are resilient to climate change and other environmental stressors. We also foster the growth of a robust blue economy that provides training and career pathways for traditionally underrepresented groups, including women and individuals of color. Finally, our outreach and education programs seek to engage youth, with an emphasis on underserved students, and communities that have long been absent from environmental conversations. It is through this lens of equity and inclusion that we maximize the impact of our work in inventing, testing, and adopting promising new solutions that work for everyone.

Grants made by Current Innovation NFP

GranteeGrant descriptionAmount
North River CommissionEnhance Water Resources$5,000
South Loop Chamber of CommerceEnhance Water Resources$5,000
Friends of the Chicago RiverEnhance Water Resources$5,000

Who funds Current Innovation NFP

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Chicago Community TrustContinued Support of H2now, the First Real-Time Water Quality Monitoring Platform.$150,000
Rockefeller Philanthropy Advisors (RPA)General$80,000
Once Upon A Time FoundationGeneral Support$10,000
...and 2 more grants received

Personnel at Current Innovation NFP

NameTitleCompensation
Alaina HarknessChief Executive Officer$243,994
Michael FassnachtChief Marketing Officer$0
Dr. Eric PerreaultVice President for Research, Northwestern University$0
Brian Perkovich$0
Brian SpangleOperations Director
...and 11 more key personnel

Financials for Current Innovation NFP

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,939,859
Program services$19,200
Investment income and dividends$11,887
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$145
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,971,091

Form 990s for Current Innovation NFP

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-15990View PDF
2022-122023-05-10990View PDF
2021-122022-05-27990View PDF
2020-122021-10-05990View PDF
2019-122020-11-19990View PDF
...and 3 more Form 990s

Organizations like Current Innovation NFP

OrganizationLocationRevenue
Crown Point Ecology CenterBath, OH$524,827
Save the BayProvidence, RI$5,818,230
Solar One (S1)Long Island City, NY$5,626,684
The CrestAshland, OR$1,253,429
Prairie Woods Environmental Learning CenterSpicer, MN$554,452
Land's SakeWeston, MA$2,979,541
The Environmental CenterBend, OR$1,295,713
Creasey Mahan Nature PreserveGoshen, KY$1,333,566
Santa Monica Mountains FundThousand Oaks, CA$2,372,310
Cibolo Center for ConservationBoerne, TX$6,552,952
Data update history
October 22, 2024
Updated personnel
Identified 3 new personnel
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $150,000 from The Chicago Community Trust
August 18, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 7, 2024
Updated personnel
Identified 3 new personnel
March 20, 2024
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Social advocacy organizationsEnvironmental organizationsCharities
Issues
EducationLand and water conservationEnvironment
Characteristics
Fundraising eventsReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
200 W Madison St Third Floor
Chicago, IL 60606
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
currentwater.org/ 
Phone
(312) 680-0282
IRS details
EIN
81-2620127
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2016
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
C60: Environmental Education
NAICS code, primary
813312: Environment, Conservation, and Wildlife Organizations
Parent/child status
Independent
Free account sign-up

Want updates when Current Innovation NFP has new information, or want to find more organizations like Current Innovation NFP?

Create free Cause IQ account