Current Innovation Nfp: FY2023 Nonprofit Profile & Form 990 (EIN 81-2620127)

Alaina Harkness’s $275K as CEO is at the 95th percentile of top reported officer pay among 1851 $1–10M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Alaina Harkness	$275,489	$243,994	$187,991	$185,857	$180,000
Brian Spangle	$121,737	—	—	—	—
Melissa Pierce	$115,838	—	—	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Drives innovation and solutions for a sustainable and inclusive ocean economy.

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1 program · $1.0M · in their own filed words · FY2023

01

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…

$1.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Jpmorgan Chase FoundationFY2024$182K

Exelon FoundationFY2024$150K

Rockefeller Philanthropy Advisors INCFY2024$60K

The Chicago Community TrustFY2024$50K

Northwestern UniversityFY2024$18K

Once Upon a Time FoundationFY2024$10K

Total grants receivedfrom 6 funders$469K

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Grants paid · 8 grants · $1.7M · 2024–2024

Marquette UniversityWI · FY2024$377,538

University of MinnesotaFY2024$317,540

Northwestern UniversityIL · FY2024$250,365

Hire 360FY2024$187,025

National Fund for Workforce SolutionsFY2024$159,011

Cleveland Water AllianceOH · FY2024$150,000

University of CincinnatiFY2024$136,141

Ohio State UniversityFY2024$119,338

By the numbers

The FY2023 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$2.0M

Ln 12

Gifts and grantsLn 1h$1.9M

Fees for servicesLn 2g$19K

Investment incomeLn 3$12K

Money outPt IX

$1.6M

Ln 25

Programscol B$1.0M

Managementcol C$498K

Fundraisingcol D$76K

Owns and owesPt X

$1.9M

net assets · Ln 32

Cash and savingsLn 1–2$1.3M

Total assetsLn 16$2.0M

LiabilitiesLn 26$155K

PeoplePt VI, VII

21

listed · VII A

PaidVII A1

Voting boardVI 1a17

IndependentVI 1b17

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.9M

Government grantsLn 1e$488K

Noncash giftsLn 1g$25K

Fundraising eventsLn 1c$12K

Fees for servicesLn 2g$19K

Investment incomeLn 3$12K

Other incomeLn 4–11$145

Total revenueLn 12$2.0M

Assets in detailPt X, end of year

CashLn 1$776K

SavingsLn 2$482K

Cash and savings togetherLn 1–2$1.3M

Land, buildings, equipmentLn 10c$111K

Other assetsLn 15$22K

Total assetsLn 16$2.0M

LiabilitiesLn 26$155K

Net assetsLn 32$1.9M

OperationsPt I, VI

EmployeesI 53

VolunteersI 613

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$938K	$1.3M
Land, buildings, equipmentLn 10c	$17K	$111K
Total assetsLn 16	$1.8M	$2.0M
LiabilitiesLn 26	$336K	$155K
Net assetsLn 32	$1.5M	$1.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$244K	$171K	$61K	$12K
Other salaries and wagesLn 7	$500K	$354K	$125K	$22K
Pension plan contributionsLn 8	$24K	$17K	$6K	$1K
Other employee benefitsLn 9	$26K	$19K	$6K	$1K
Payroll taxesLn 10	$54K	$37K	$14K	$2K
Legal feesLn 11b	$6K	$6K
Accounting feesLn 11c	$66K	$2K	$65K
Other fees for servicesLn 11g	$358K	$215K	$112K	$31K
Advertising and promotionLn 12	$41K	$730	$41K
Office expensesLn 13	$64K	$33K	$30K	$1K
Information technologyLn 14	$30K	$30K
OccupancyLn 16	$37K	$21K	$12K	$5K
TravelLn 17	$49K	$45K	$3K	$967
Depreciation, depletion and amortizationLn 22	$21K	$19K	$2K
InsuranceLn 23	$21K	$3K	$18K	$93
Other expenses (24a–d)Ln 24	$55K	$51K	$4K
Total functional expensesLn 25	$1.6M	$1.0M	$498K	$76K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$5.9M	$4.3M	$1.5M	$3.4M	990 PDF
FY2023 Viewing	$2.0M	$1.6M	$375K	$1.9M	990 PDF
FY2022	$1.3M	$1.4M	−$91K	$1.5M	990 PDF
FY2021	$1.3M	$947K	$375K	$1.6M	990 PDF
FY2020	$813K	$666K	$147K	$1.2M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $1,971,091 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,248,803$1,939,859

I-9 Program service revenuePrior year $26,577$19,200

I-10 Investment incomePrior year $539$11,887

I-11 Other revenuePrior year $1,183$145

I-12 Total revenuePrior year $1,277,102$1,971,091

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $568,266$847,589

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $799,634$748,836

I-18 Total expensesPrior year $1,367,900$1,596,425

I-19 Revenue less expensesPrior year −$90,798$374,666

Part VI · Governance 17 of 17 board members independent, 1 to look at

VI-1a Voting members of the governing body17

VI-1b Independent voting members17

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $1,971,091 across 9 lines filed

VIII-1c Fundraising events$11,855

VIII-1e Government grants$488,403

VIII-1f All other contributions, gifts and grants$1,439,601

VIII-1g Noncash contributions (included above)$25,000

VIII-1h Total contributions, gifts and grants$1,939,859

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,200$19,200

VIII-3 Investment incomeExcluded from tax $11,887$11,887

VIII-8 Net income from fundraising eventsExcluded from tax $145$145

VIII-12 Total revenueRelated to mission $19,200 · Unrelated business $0 · Excluded from tax $12,032$1,971,091

Part IX · Statement of functional expenses $1,596,425 across 16 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $170,795 · Management $60,998 · Fundraising $12,200$243,993

IX-7 Other salaries and wagesPrograms $353,698 · Management $124,890 · Fundraising $21,842$500,430

IX-8 Pension plan contributionsPrograms $16,505 · Management $6,015 · Fundraising $1,161$23,681

IX-9 Other employee benefitsPrograms $18,745 · Management $6,137 · Fundraising $1,084$25,966

IX-10 Payroll taxesPrograms $37,061 · Management $14,009 · Fundraising $2,449$53,519

IX-11b Legal feesPrograms $5,848$5,848

IX-11c Accounting feesPrograms $1,630 · Management $64,809$66,439

IX-11g Other fees for servicesPrograms $215,085 · Management $111,670 · Fundraising $30,818$357,573

IX-12 Advertising and promotionPrograms $730 · Management $40,654$41,384

IX-13 Office expensesPrograms $32,942 · Management $30,143 · Fundraising $1,064$64,149

IX-14 Information technologyPrograms $30,405$30,405

IX-16 OccupancyPrograms $20,685 · Management $11,733 · Fundraising $4,614$37,032

IX-17 TravelPrograms $45,247 · Management $2,802 · Fundraising $967$49,016

IX-22 Depreciation, depletion and amortizationPrograms $18,952 · Management $2,285$21,237

IX-23 InsurancePrograms $2,816 · Management $17,715 · Fundraising $93$20,624

IX-24 Other expenses (24a–d)Programs $50,671 · Management $4,458$55,129

IX-25 Total functional expensesPrograms $1,021,815 · Management $498,318 · Fundraising $76,292$1,596,425

Part X · Balance sheet $2,015,198 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $467,845$776,081

X-2 Savings and temporary cash investmentsStart of year $470,610$482,496

X-3 Pledges and grants receivableStart of year $829,940$606,903

X-9 Prepaid expenses and deferred chargesStart of year $12,649$15,816

X-10c Land, buildings and equipment, netStart of year $16,973$111,493

X-15 Other assetsStart of year $23,267$22,409

X-16 Total assetsStart of year $1,821,284$2,015,198

X-17 Accounts payable and accrued expensesStart of year $318,378$134,080

X-25 Other liabilitiesStart of year $17,259$20,805

X-26 Total liabilitiesStart of year $335,637$154,885

X-27 Net assets without donor restrictionsStart of year $1,422,476$1,381,846

X-28 Net assets with donor restrictionsStart of year $63,171$478,467

X-32 Total net assets or fund balancesStart of year $1,485,647$1,860,313

X-33 Total liabilities and net assetsStart of year $1,821,284$2,015,198

Part XI · Reconciliation of net assets $1,860,313 net assets at year end

XI-1 Total revenue$1,971,091

XI-2 Total expenses$1,596,425

XI-3 Revenue less expenses$374,666

XI-4 Net assets at start of year$1,485,647

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,860,313

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Current Innovation Nfp FY2023 filing

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