PLATINUM2024

Current of Tampa Bay, Inc.

Educate. Mobilize.

aka Current Initiatives   |   Tampa, FL   |  www.engagecurrent.org
GuideStar Charity Check

Current of Tampa Bay, Inc.

EIN: 26-2833911


Mission

A movement to educate & mobilize communities to be Hope Dealers through the Laundry Project, Hope For Homes Project & Affordable Christmas initiatives.

Ruling year info

2009

Founder & CEO

Jason Sowell

Main address

19046 Bruce B Downs Blvd. #160

Tampa, FL 33647 USA

Show more contact info

EIN

26-2833911

Subject area info

Public affairs

Urban development

Human services

Population served info

Adults

Families

NTEE code info

Human Services - Multipurpose and Other N.E.C. (P99)

Public, Society Benefit - Multipurpose and Other N.E.C. (W99)

Urban, Community (S31)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Current Initiatives is working to address common issues that affect the well-being of low-income families all across the country. Many low-income families find themselves in a situation of need - whether that need is a tangible one or an emotional/spiritual/psychological one. We, however, do not view low-income families through the lens of their need, but rather through the lens of their dignity as human beings. Our programs seek to empower this sense of dignity and hope in each family through meeting a tangible need, and in dong so we try to create positive community environments that function as third spaces where people can connect to others in their community and work on solutions to more complex issues together. Specifically we work with low-income families to address a very common issue - access to clean laundry & laundry services. We also help families with home renovations, and at Christmas time we make it affordable for families to purchase brand new gifts for their children.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Laundry Project

The Laundry Project assists lower-income families with meeting a basic need – washing clothes and linens, by turning laundromats into community centers of hope. Laundry fees are paid for while volunteers assist with laundry services, entertain children, and create a caring space at the laundromat.

Population(s) Served
Families
Adults

The Hope For Homes Project provides remodeling and improvement work on homes owned by low-income and middle class families. For those living with lower incomes, repairing damages, improving living spaces and maintaining comfortable aesthetic presents both a financial hardship and family struggle. Hope For Homes Projects relieve this burden by providing improvement work such as repairing damaged roofs and porches, remodeling kids rooms, bathrooms and outdated energy inefficient kitchens, etc.

Population(s) Served
Families
Adults

Affordable Christmas is a shopping event for lower-income, working-class families to provide their children fun and exciting gifts during the holiday season. Families are invited through partnering community organizations to attend the event and purchase new, unused gifts at 1/10 the cost of their original price.

Population(s) Served
Families
Adults

Where we work

Awards

Friend of Children Award 2015

Southern Early Childhood Association

Community Champion Award 2015

Positive Spin

Best of the Bay Award 2018

Creative Loafing

What's Right with Tampa Bay 2019

Fox 13 Tampa Bay

Best of the Bay Award 2020

Creative Loafing

Virtual Game Ball 2020

Tampa Bay Super Bowl LV Host Committee

What's Right with Tampa Bay 2021

Fox 13 Tampa Bay

Patriot of the Week 2021

Newsmax

Chief's Appreciation "My Brother's Keeper" Award 2022

Tampa Police Department

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number Of Loads Washed

This metric is no longer tracked.
Totals By Year
Related Program

Laundry Project

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Pounds Of Laundry Washed

This metric is no longer tracked.
Totals By Year
Related Program

Laundry Project

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number Of Families Helped

This metric is no longer tracked.
Totals By Year
Related Program

Laundry Project

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Number Of Laundromat Locations

This metric is no longer tracked.
Totals By Year
Related Program

Laundry Project

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Number Of Projects

This metric is no longer tracked.
Totals By Year
Related Program

Laundry Project

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Current is a 501(c)(3) not-for-profit organization incorporated in Florida that started with young adults committed to educating others on current social initiatives and mobilizing them to bring about change. Current establishes community groups for awareness and education and organizes local initiatives such as the Laundry Project, Hope For Homes Project and Affordable Christmas.

1. The Laundry Project assists low-income families with meeting a basic need – washing clothes and linens, by turning laundromats into community centers of hope. Laundry fees are paid for while volunteers assist with laundry services, entertain children, and create a caring space at the laundromat.

2. Hope for Homes Projects provide remodeling and improvement work on homes owned by working class families. For many families, repairing damages and improving living spaces presents a financial challenge. As a result, their homes tend to go long periods without necessary maintenance and enhancements. Hope For Homes Projects relieve this burden by providing improvement work such as repairing damaged roofs and porches, remodeling kids rooms, bathrooms and outdated energy inefficient kitchens etc.

3. Affordable Christmas is a shopping event for lower-income, working-class families to provide their children fun and exciting gifts during the holiday season. Families are invited through partnering community organizations to attend the event and purchase new, unused gifts at 1/10 the cost of their original price. Affordable Christmas makes it easy for those families who may be financially struggling, to give their children a special Christmas. All gifts are intended for children and teens ages 0-14 years old. Families can purchase gifts such as bikes, skateboards, arts/crafts kits, video games, sports toys etc. and spend no more than $10 per item. Having families purchase items rather than free gives empowerment and dignity to these working parents who simply need a hand up.

One of our core values as an organization is partnership - the idea that it "takes a village" so to speak to address many of the complex issues our low-income families are facing. We view ourselves as playing a key role in helping families through simple, yet highly impactful initiatives such as the ones previously described. We recognize that what we are able to do to help families through our initiatives is but one piece of the puzzle, so we strive to partner with local businesses, churches, community groups & individuals within each community where we host our initiatives. We believe that our expertise & resources paired with their expertise & resources forms a powerful partnership that can open up new opportunities for our low-income families to find a support system they may not have had access to otherwise.

Within this framework - we seek to find sponsors for each initiative, as well as volunteers to fill various roles at each project. We describe our projects as "organized chaos" because there is a strong organic element where people are spending time together, interacting, and being in community with one another, but there is also a highly organized element that enables this organic element to thrive. We ensure that each initiative is well planned and well thought out ahead of time because our belief is that as each detail is handled with attention and care - it gives our families attending the initiative the freedom to not have to worry about any extra logistics or details and simply be themselves within the context of the space we provide.

We partner with donors of all levels to help fund each initiative. We partner with local laundromats that host our Laundry Project events. We partner with local businesses and community groups that provide volunteers in addition to our project leaders and staff. We also utilize various marketing strategies to promote the mission and accomplishments of our organization, as well as getting the word out to families for initiatives that are open to the public. We use every resource at our disposal to try and further our mission of empowering families, meeting a tangible need, mobilizing communities, and bringing hope & dignity to all we encounter.

Our organization depends on donations & volunteers to function. Through our network of individual donors, volunteers, sponsoring organizations, laundromat partners, our social media following, etc we are able to bring together people in each local community to help ensure our initiatives are funded and staffed.

Where we host initiatives on a regular basis, we have a strong team of project leaders who coordinate each event to ensure its success. We keep our overhead costs low so that the majority of funding can go directly to making each project happen. We conduct volunteer trainings and provide informational resources to groups and individuals who partner with us so that the experience for families who participate in each initiative is consistent with our values. We maintain a high level of organization so that all of the administrative needs and back end details are handled, empowering each volunteer and family to focus on the goals and mission of the organization.

As of March 10th, 2021 Current Initiatives has:

1. Hosted 741 Laundry Project events that helped
19,157 Families wash
193,862 Loads of Laundry (1,938,620 lbs.)

2. Helped 1,288 Families shop for new, unused gifts at a reduced cost
for 3,863 Children
through our Affordable Christmas initiative.

3. Hosted 7 Hope for Homes projects that helped each family with needed home repairs.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.00

Average of 0.57 over 9 years

Months of cash in 2022 info

SOURCE: IRS Form 990

0.9

Average of 2.5 over 9 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

32%

Average of 14% over 9 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Current of Tampa Bay, Inc.

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Current of Tampa Bay, Inc.

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Current of Tampa Bay, Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Current of Tampa Bay, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $28,280 -$56,659 -$70,594 $18,685 -$8,554
As % of expenses 11.0% -23.8% -29.1% 9.7% -3.5%
Unrestricted surplus (deficit) after depreciation $28,280 -$56,659 -$70,594 $18,685 -$8,554
As % of expenses 11.0% -23.8% -29.1% 9.7% -3.5%
Revenue composition info
Total revenue (unrestricted & restricted) $285,288 $181,862 $172,199 $210,550 $236,165
Total revenue, % change over prior year -3.5% -36.3% -5.3% 22.3% 12.2%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 3.4% 0.0%
All other grants and contributions 100.0% 100.0% 100.0% 96.6% 100.0%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $257,008 $238,521 $242,793 $191,864 $244,719
Total expenses, % change over prior year 19.1% -7.2% 1.8% -21.0% 27.5%
Personnel 11.6% 16.7% 16.6% 20.8% 18.1%
Professional fees 0.4% 3.2% 2.2% 4.3% 2.7%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 1.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 86.9% 80.1% 81.1% 74.8% 79.1%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $257,008 $238,521 $242,793 $191,864 $244,719
One month of savings $21,417 $19,877 $20,233 $15,989 $20,393
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $278,425 $258,398 $263,026 $207,853 $265,112

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 6.2 4.0 0.8 1.7 0.9
Months of cash and investments 6.2 4.0 0.8 1.7 0.9
Months of estimated liquid unrestricted net assets 6.4 4.0 0.4 1.7 0.9
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $133,832 $79,473 $15,979 $27,564 $19,010
Investments $0 $0 $0 $0 $0
Receivables $0 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 0.0% 0.0% 44.4% 0.0% 0.0%
Unrestricted net assets $136,132 $79,473 $8,879 $27,564 $19,010
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $136,132 $79,473 $8,879 $27,564 $19,010

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Founder & CEO

Jason Sowell

Number of employees

Source: IRS Form 990

Current of Tampa Bay, Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Current of Tampa Bay, Inc.

Board of directors
as of 03/08/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Jason Sowell

Current of Tampa Bay Inc.

Term: 2008 -

Jason Sowell

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Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 10/3/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

Equity strategies

Last updated: 02/27/2024

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.