Overview
What is Current Innovation Nfp?
Current Innovation Nfp is a Chicago-based water innovation hub, established in 2016, with a mission to foster an inclusive blue economy, drive innovation, and tackle persistent water challenges. As a cross-sector connector, Current brings together various water sector stakeholders, organizing events, and pilot projects to achieve environmental and economic equity. By monitoring and evaluating new water management ideas and technologies, Current serves as a conduit for innovation, working with utilities, research institutions, businesses, and innovators to test and implement new solutions. Current seeks to address water challenges in an equitable manner, with a focus on creating safe and clean water access for all, and developing resilient water infrastructure that can withstand climate change and other environmental stressors. The organization also fosters the growth of a robust blue economy, providing training and career pathways for underrepresented groups, including women and individuals of color. Current's work involves generating research and data to inform strategic priorities, driving collaborations among researchers, entrepreneurs, corporations, investors, utilities, and community partners. They also host events and convenings to strengthen networks and continue to receive and evaluate new water technologies, maintaining a database of promising solutions. In summary, Current Innovation Nfp is a dedicated organization working to create a sustainable and inclusive water future for all, by driving innovation, fostering collaboration, and ensuring equitable access to safe and clean water resources.
Official website here: www.currentwater.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 92%, Four-Star out of Four Star rating.
Current Innovation Nfp has demonstrated a strong commitment to accountability and transparency, earning a Four-Star rating for its performance. The organization boasts an exceptional score in areas such as culture and community engagement, reflecting its effective operational practices and dedication to fostering strong relationships within the community. Additionally, the board governance is robust, with 100% of board members being independent, which enhances the integrity of its decision-making processes.
Financially, the charity performs well, with a program expense ratio of 68.90%, indicating that a significant portion of its budget is directed towards its programs rather than administrative costs. The organization also showcases excellent practices in feedback collection and usage, ensuring that stakeholder perspectives are actively integrated into its operations. This high level of responsiveness contributes to its solid reputation.
While Current Innovation Nfp excels in many areas, it could further enhance its equity data score, which is slightly lower than its other metrics. This points to potential opportunities for improvement in how it tracks and reports on equity-related initiatives. Overall, the charity's strong performance across various indicators illustrates its effectiveness and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Current Innovation Nfp legitimate?
Current Innovation Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Current Innovation Nfp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $204,774
Professional Fundraising Fees: $0
Other Salaries and Wages: $317,220
For more financial information, click here
Official website here: www.currentwater.org
What is the mission statement of Current Innovation Nfp?
Current Innovation NFP's mission is to foster an inclusive and innovative blue economy, focusing on addressing persistent water challenges. As a cross-sector platform, they bring together stakeholders from various fields to collaborate, network, and develop pilot projects that promote both environmental and economic equity. They serve as a conduit for new ideas and technologies in water management, testing and evaluating these innovations to ensure they are viable and cost-effective. Current's work is geared towards growing an equitable water infrastructure, supporting education, workforce development, entrepreneurship, and investment. They aim to accelerate innovation by maintaining a deep understanding of the latest water technology and supporting the development of promising solutions to pressing water challenges. Current's commitment to environmental justice and inclusion is evident in their work, as they seek to ensure that all people have access to safe and clean water, and that water resources are resilient to environmental stressors. They also strive to foster a robust blue economy that provides opportunities for underrepresented groups, including women and individuals of color. Their outreach and education programs aim to engage youth and communities that have been historically absent from environmental conversations, with a focus on underserved students.
Official website here: www.currentwater.org
Who is the CEO of Current Innovation Nfp?
Alaina Harkness is the Chair of Current Innovation Nfp.
Official website here: www.currentwater.org
What is the revenue of Current Innovation Nfp?
Current Innovation Nfp's revenue in 2022 was $1,277,102.
Official website here: www.currentwater.org
Who are the executives of Current Innovation Nfp and what are their salaries?
The average compensation at Current Innovation Nfp during 2022 was $86,999. There are 6 employees and 25 volunteers at Current Innovation Nfp.
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- Compensation: $187,991
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- Other: $16,782
Official website here: www.currentwater.org
Where can I find the form 990 for Current Innovation Nfp?
Current Innovation Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.currentwater.org
Learn more at the official website: www.currentwater.org
Mission Statement of Current Innovation Nfp
Current Innovation NFP is a mission-driven organization dedicated to growing an inclusive blue economy, fostering innovation, and tackling persistent water challenges. As a cross-sector convenor, the organization works to bring together local and global water sector stakeholders, building networks and organizing events that lead to the development of pilot projects. Current serves as a bridge between technology and innovation, evaluating new ideas and technologies in water management and collaborating with utilities, research institutions, businesses, and innovators to test and implement promising solutions.
The organization's mission is rooted in environmental and economic equity. Current works to create strategies that support education, workforce development, entrepreneurship, and investment, keeping water as a priority in economic development. By generating research and data, Current informs strategic priorities and drives collaborations among researchers, entrepreneurs, corporations, investors, utilities, and community partners.
In addition to fostering innovation, Current also seeks to address pressing water challenges. The organization identifies and assesses new technologies, and partners with others to help promising innovations go to scale. This involves testing technologies and recommending the best solutions for others to try or for Current to pilot, with the goal of improving water quality and management. Current maintains a database of promising water technologies and serves as a neutral recommendation engine for major water utilities in the region.
Current demonstrates a commitment to environmental justice and inclusion. The organization's solutions aim 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. Furthermore, Current fosters the growth of a robust blue economy that provides training and career pathways for traditionally underrepresented groups, including women and individuals of color. The organization's outreach and education programs engage youth, with a focus on underserved students and communities that have been historically absent from environmental conversations.
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Impact
June, 2024
Current Innovation Nfp is making a significant impact by growing an inclusive blue economy, accelerating innovation, and solving persistent water challenges. Through its work as a water innovation hub, Current is driving collaborations among researchers, entrepreneurs, corporations, investors, utilities, and community partners to keep water in focus as an economic development priority. By generating research and data to inform strategic priorities and developing pilot projects that achieve environmental and economic equity, Current is actively shaping the water sector in Chicago and beyond. Additionally, by maintaining a database of promising water technologies, independently assessing new technologies, and recommending solutions for others to try, Current is playing a key role in improving water quality and management in a sustainable and inclusive manner. Overall, Current's commitment to environmental justice and inclusion is evident in its efforts to ensure all people have access to safe and clean water, create career pathways for underrepresented groups, and engage underserved communities in environmental conversations. Through its innovative approach and dedication to equity, Current Innovation Nfp is driving positive change and making a lasting impact in the water sector.
This information is meant to be a general summary of Current Innovation Nfp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $539
- Program Service Revenue: $26,577
- Gross Receipts: $1,277,102
Assets and Liabilities:
- Total Assets: $1,821,284
- Total Liabilities: $335,637
- Net Assets: $1,485,647
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Consulting
Revenue
$26,577
Organization Details
Founding Year
2016
Phone
(312) 841-7481Principal Officer
Alaina Harkness
Main Address
200 W Madison St Third Floor, Chicago, IL, 60606
Website
www.currentwater.orgNTEE Category
Code: C32 - Environment
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