EIN 81-2620127

Current Innovation NFP

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
2016
Most recent tax filings
2022-12-01
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
$1,277,102
2022
Total expenses
$1,367,900
2022
Total assets
$1,821,284
2022
Num. employees
6
2022

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 TrustIn Support of H2now Chicago As A Public Health Resource.$175,000

Personnel at Current Innovation NFP

NameTitleCompensation
Michael FassnachtChief Marketing Officer$0
Dr. Eric PerreaultVice President for Research, Northwestern University
Alaina HarknessBoard Member$187,991
Brian PerkovichExecutive Director , Metropolitan Water Reclamation District of Greater Chicago$0
Andy MartinSenior Vice President and Managing Director, Technical Services and Innovation Center, Greeley and Hansen
...and 4 more key personnel

Financials for Current Innovation NFP

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,248,803
Program services$26,577
Investment income and dividends$539
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$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,183
Total revenues$1,277,102

Form 990s for Current Innovation NFP

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-10990View PDF
2021-122022-05-27990View PDF
2020-122021-10-05990View PDF
2019-122020-11-19990View PDF
2018-122020-01-30990View PDF
...and 2 more Form 990s

Organizations like Current Innovation NFP

OrganizationLocationRevenue
The Environmental CenterBend, OR$1,295,713
Land's SakeWeston, MA$2,602,179
Southeast Alaska Watershed CoalitionJuneau, AK$704,577
The Friends of the Robert Moses State Park Nature CenterMassena, NY$443,028
Prairie Woods Environmental Learning CenterSpicer, MN$554,452
Maine Huts & TrailsKingfield, ME$761,458
Creasey Mahan Nature PreserveGoshen, KY$1,333,566
Midcoast ConservancyEdgecomb, ME$2,280,236
Cibolo Center for ConservationBoerne, TX$2,705,832
Grassroots EcologyPalo Alto, CA$1,939,340
Data update history
March 14, 2024
Updated personnel
Identified 7 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
September 24, 2023
Received grants
Identified 1 new grant, including a grant for $175,000 from The Chicago Community Trust
July 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Social advocacy organizationsEnvironmental organizationsCharities
Issues
EducationLand and water conservationEnvironment
Characteristics
Receives government fundingTax deductible 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) 841-7481
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
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