2024-05-15T16:51:39-05:00 2023-12-31 363321958 Desmond & Ahern Ltd 10827 S Western Avenue Chicago IL 60643 990 2023-01-01 812620127 Current Innovation NFP CURR 3126800282 200 W Madison St Third Floor Chicago IL 60606 Alaina Harkness Executive Director 3126800282 2024-05-13 1 Alaina Harkness 999009999 1 Mel Padillo P03172019 7737794720 2024-05-13 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z Alaina Harkness 200 W Madison St Third Floor Chicago IL 60606 1984025 0 X currentwater.org X 2016 IL Current's mission is to grow an inclusive blue economy, accelerate innovation, and solve persistent water challenges. 17 17 0 25 0 0 1248803 1939859 26577 19200 539 11887 1183 145 1277102 1971091 0 0 0 0 568266 847589 0 0 76292 799634 748836 1367900 1596425 -90798 374666 1821284 2015198 335637 154885 1485647 1860313 X Current's mission is to grow an inclusive blue economy, accelerate innovation, and solve persistent water challenges. 0 0 1021815 19200 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. 1021815 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 23 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 1 0 0 IL X Alaina Harkness Executive Director 3128417481 200 W Madison St Third Floor Chicago IL 60606 Venkat Atluri Chair 2.00 X X 0 0 0 Thrupti Shivakumar Treasurer 1.00 X X 0 0 0 Richard Assmus Secretary 1.00 X X 0 0 0 MarySue Barrett Director 0.50 X 0 0 0 Joanna Groden Director 0.50 X 0 0 0 Andrea Holthouse Cheng Director 1.00 X 0 0 0 Paul K Kearns Director 0.50 X 0 0 0 Karen Kim Director 0.50 X 0 0 0 Steven Kloos Director 2.00 X 0 0 0 Susan Martinis Director 0.50 X 0 0 0 Milan Mkrsich Director 0.50 X 0 0 0 Brian Perkovich Director 1.00 X 0 0 0 Jay Walsh Director 0.50 X 0 0 0 Andrew Richardson Director 1.00 X 0 0 0 Matthew Tirrell Director 0.50 X 0 0 0 Michael Fassnacht Director 1.00 X 0 0 0 Randy Corner Director 0.50 X 0 0 0 Andrew Martin Director 0.50 X 0 0 0 Nadya Mason Director 0.50 X 0 0 0 Eric Perreault Director 0.50 X 0 0 0 Alaina Harkness Executive Director 40.00 X 243994 0 4656 243994 0 4656 2 0 1 0 0 11855 488403 1439601 25000 1939859 Consulting 900099 19200 19200 19200 11887 11887 13079 11855 12934 145 145 1971091 19200 0 12032 X 243993 170795 60998 12200 500430 353698 124890 21842 23681 16505 6015 1161 25966 18745 6137 1084 53519 37061 14009 2449 5848 5848 66439 1630 64809 357573 215085 111670 30818 41384 730 40654 64149 32942 30143 1064 30405 30405 37032 20685 11733 4614 49016 45247 2802 967 21237 18952 2285 20624 2816 17715 93 Events 48479 48479 Bad debt 4077 4077 Professional developmen 2573 2192 381 1596425 1021815 498318 76292 467845 776081 470610 482496 829940 606903 12649 15816 201992 90499 16973 111493 23267 22409 1821284 2015198 318378 134080 17259 20805 335637 154885 X 1422476 1381846 63171 478467 1485647 1860313 1821284 2015198 374666 0 X X 0 1 X 1 0 X 739667 809904 1322118 1248803 1939859 6060351 739667 809904 1322118 1248803 1939859 6060351 220377 5839974 11 5 53 539 11887 12495 3003 1183 4186 6077032 168777 0.96100 0.97840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 201992 90499 111493 111493 Operating lease liability 20805 20805 X 2023915 39890 12934 52824 1971091 0 1971091 1649249 39890 12934 52824 1596425 0 1596425 Part X, Line 2: FIN 48 Note from Audited Financial Statements The Organization was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code (IRC) Section 501(c)(3). Contributions to the Organization qualify for the charitable contribution deduction pursuant to IRS Section 170(b)(1)(A)(vi) and has been classified as an organization that is not a private Foundation under Section 509(a)(1). The tax-exempt purpose of the Organization and the nature in which it operates is described above. Management believes the Organization operates in compliance with its tax-exempt purpose. Thus, no provision for income tax has been provided for in the financial statements. The Organization has adopted the requirements for accounting for uncertain tax positions and management has determined that the Organization was not required to record a liability related to uncertain tax positions as of December 31, 2022. The Organization's annual information and income tax returns filed with the federal and state governments are subject to examination generally for three years after they are filed. All filings are current. Part XI, Line 2d - Other Adjustments: Special Events Cost 12,934. Part XII, Line 2d - Other Adjustments: Special Events Cost 12,934. X X 0 0 0 0 0 0 0 0 0 Alaina Harkness Executive Director 243994 0 0 0 0 0 4470 0 186 0 248650 0 0 0 X Medical Device 1 25000 Cost 0 0 0 Form 990, Part VI, Section B, line 11b The Form 990 was reviewed and approved by the Board Treasurer, Executive Director, and Finance Committee prior to filing. Form 990, Part VI, Section B, line 15a A compensation study was performed during the hiring of the Executive Director. The Board reviews the Executive Director's salary annually. Form 990, Part VI, Section C, line 19 The Organizing documents and financial statements are available upon request. Form 990, Part IX, line 11g Other professional and consulting: Program service expenses 201,927. Management and general expenses 103,715. Fundraising expenses 30,118. Total expenses 335,760. Payroll service: Program service expenses 13,158. Management and general expenses 7,955. Fundraising expenses 700. Total expenses 21,813. Form 990, Part XII, line 2c: The process has not changed from the prior year.