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 12/2022, Current Innovation Nfp employed 6 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 12/2022, Current Innovation Nfp generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 15.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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.


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Board, Officers & Key Employees

Name (title)Compensation
Venkat Atluri
Chair
$0
Thrupti Shivakumar
Treasurer
$0
Richard Assmus
Secretary
$0
Marysue Barrett
Director
$0
Joanna Groden
Director
$0
Andrea Holthouse Cheng
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $571,751
All other contributions, gifts, grants, and similar amounts not included above$677,052
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,248,803
Total Program Service Revenue$26,577
Investment income $539
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 $1,277,102

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

PURPOSE: Enhance water resources

$5,000

SOUTH LOOP CHAMBER OF COMMERCE

PURPOSE: Enhance water resources

$5,000

NORTH RIVER COMMISSION

PURPOSE: Enhance water resources

$5,000
View Grant Profile

Peer Organizations

Organization NameAssets
Bond Madison Water Company
Pocahontas, IL
$3,579,897
Cedar Lakes Conservation Foundation Inc
West Bend, WI
$2,044,977
The Wetlands Initiative
Chicago, IL
$1,976,921
Association Of Illinois Soil & Water Conservation Districts
Springfield, IL
$2,494,690
Ozarks Environmental Services
Kimberling City, MO
$2,403,340
Living Lands & Waters
East Moline, IL
$3,189,926
Watershed Committee Of Ozarks Inc
Springfield, MO
$2,118,145
Friends Of The Lost River Inc
Bowling Green, KY
$2,809,824
Lakeshore Farm Management Coop
Valders, WI
$1,653,009
Current Innovation Nfp
Chicago, IL
$1,277,102
Clean Lakes Alliance Inc
Madison, WI
$1,277,106
Wild Rivers Conservancy Of The St Croix & Namekagon
Osceola, WI
$1,220,534
Alliance For Water Efficiency Nfp
Chicago, IL
$1,423,731
Milwaukee Water Commons Inc
Milwaukee, WI
$1,955,156
Driftless Area Land Conservancy Inc
Dodgeville, WI
$1,018,247
Upper White River Basin Foundation Inc
Kimberling City, MO
$1,053,789
Downtown Green Bay Inc
Green Bay, WI
$508,947
Mississippi River Cities & Towns Initiative
St Louis, MO
$802,525
Nahant Marsh Education Center
Davenport, IA
$1,969,567
Wisconsin Waterfowl Association Inc
Wales, WI
$809,062
Reefci Inc
Hebron, KY
$913,973
Upper White River Watershed Alliance Inc
Indianapolis, IN
$553,127
Iowa Confluence Water Trails
Des Moines, IA
$24,805,652
Agricultures Clean Water Alliance
Ankeny, IA
$687,585
Urban Rivers Inc
Hinsdale, IL
$709,216

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