Current Innovation Nfp

Organization Overview

Current Innovation Nfp is located in Chicago, IL. The organization was established in 2016. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 12/2021, Current Innovation Nfp employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Current Innovation Nfp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Current Innovation Nfp generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $946.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CURRENT'S MISSION IS TO GROW AN INCLUSIVE BLUE ECONOMY, ACCELERATE INNOVATION, AND SOLVE PERSISTENT WATER CHALLENGES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Alaina Harkness
Executive Director
$185,857
Venkat Atluri
Chair
$0
Thrupti Shivakumar
Treasurer
$0
Richard Assmus
Secretary
$0
Marysue Barrett
Director
$0
Joanna Groden
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $609,384
All other contributions, gifts, grants, and similar amounts not included above$712,734
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,322,118
Total Program Service Revenue$0
Investment income $53
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,322,171

Grants Awarded

Over the last fiscal year, Current Innovation Nfp has awarded $15,000 in support to 3 organizations.

Grant RecipientAmount

FRIENDS OF THE CHICAGO RIVER

Org PageRecipient Profile

Chicago, IL

PURPOSE: Enhance water resources

$5,000

SOUTH LOOP CHAMBER OF COMMERCE

Org PageRecipient Profile

Chicago, IL

PURPOSE: Enhance water resources

$5,000

NORTH RIVER COMMISSION

Org PageRecipient Profile

Chicago, IL

PURPOSE: Enhance water resources

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Current Innovation Nfp has recieved totaling $114,460.

Awarding OrganizationAmount
Walder Family Foundation

Wilmington, DE

PURPOSE: BLUE EDU: A BLUE ECONOMY CURRICULUM FOR CHICAGO'S PUBLIC HIGH SCHOOL STUDENTS

$84,460
Matthew Zell Family Foundation

Chicago, IL

PURPOSE: GENERAL SUPPORT

$25,000
Once Upon A Time Foundation

Fort Worth, TX

PURPOSE: GENERAL SUPPORT

$5,000
View Grant Recipient Profile

Create an account to unlock the data you need.

or