Aqume Foundation FY2022 filing

Tax-deductible

Grandville, MI501(c)(3)Since 2021Foundations & GrantmakersEIN 87-2397576

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AQUME Foundation honors Black intelligence and innovation by investing in community leaders and fostering unity, economic growth, and strong thriving communities where children and families can flourish together.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$52K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $32K a year · 10% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 51% of spending
Concern: pay to officers and key staff is 51% of spending; over 30%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 15.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $187K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$23K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$235K
Spent
$103K
To programs
72%
Net assets
$115K
By yearFY2022–FY2025
Revenue
$235K
FY2022
Revenue by fiscal year
FY2022$235K
FY2023$255K
FY2024$354K
FY2025$486K
Expenses
$103K
FY2022
Expenses by fiscal year
FY2022$103K
FY2023$230K
FY2024$424K
FY2025$447K
Net assets
$115K
FY2022
Net assets by fiscal year
FY2022$115K
FY2023$15K
FY2024−$71K
FY2025$294K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $74K Management & general 10% · $10K Fundraising 18% · $18K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $52K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$25,956Pt VII · Sec A
Chief Operating Officer
$25,956Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
At-Large
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Ciarra C Adkins’s $118K as Executive Director is at the 91st percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2022
Ciarra C Adkins$118,163$117,642—
Tonya Adkins-Mckeever$75,713$75,920$25,956
Ciarra Adkins——$25,956
Dangelo Bailey$2,400——

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.

See Aqume Foundation executive salaries →

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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

Promotes economic justice and racial equity in philanthropy through investment and community transformation.

Provided by the organization

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3 programs · $74K · in their own filed words · FY2022
01

AQUME Foundations general operations support our Operate in Excellence leadership cultivation, a one-year hybrid program that creates greater comfort for BIPOC leaders operating at C-Suite levels to improve intrapersonal skills, and executive compentencies to professionally shift organizations from under-resourced operations into robust…

$65Kprogram expense
02

AQUME Foundations Fiduciary program provides both Project-Specific and Comprehensive fiscal sponsorships that build the capacity of BIPOC leadership leading charitable projects that strive for racial and economic justice and meaningful community transformation.

$6Kprogram expense
03

AQUME Foundations Gold Scholar scholarship program is based on our community trust-based philanthropy model, our merit-based program awards two BIPOC students with $1,000 each to support non-traditional college expenses within their first year of college.

$4Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$187K
See all 4 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$235K
Ln 12
Gifts and grantsLn 1h$272K
Money outPt IX
$103K
Ln 25
Programscol B$74K
Managementcol C$10K
Fundraisingcol D$18K
Owns and owesPt X
$115K
net assets · Ln 32
Cash and savingsLn 1–2$135K
Total assetsLn 16$137K
LiabilitiesLn 26$23K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$272K
Fundraising eventsLn 1c$46K
Total revenueLn 12$235K
Assets in detailPt X, end of year
CashLn 1$132K
SavingsLn 2$2K
Cash and savings togetherLn 1–2$135K
Total assetsLn 16$137K
LiabilitiesLn 26$23K
Net assetsLn 32$115K
OperationsPt I, VI
EmployeesI 52
VolunteersI 620
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
LineStart FY22End FY22
Cash and savingsLn 1–2$135K
Total assetsLn 16$0$137K
LiabilitiesLn 26$0$23K
Net assetsLn 32$0$115K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2K$2K
Pay of current officers, directors and key staffLn 5$52K$48K$4K$260
Other salaries and wagesLn 7$10K$7K$3K$23
Payroll taxesLn 10$4K$4K$258$20
Management feesLn 11a$16K$16K
Legal feesLn 11b$20$20
Accounting feesLn 11c$372$372
Other fees for servicesLn 11g$10K$8K$288$2K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$7K$4K$2K$727
OccupancyLn 16$182$182
TravelLn 17$203$203
Other expenses (24a–d)Ln 24$49$49
Total functional expensesLn 25$103K$74K$10K$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $486K$447K$40K$294K 990 PDF
FY2024 $354K$424K−$70K−$71K 990 PDF
FY2023 $255K$230K$26K$15K 990 PDF
FY2022 Viewing $235K$103K$132K$115K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (5 parts)
Part I · Summary $234,943 revenue, 12 lines filed
I-8 Contributions and grants$271,795
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue−$36,852
I-12 Total revenue$234,943
I-13 Grants and similar amounts paid$2,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$65,505
I-16a Professional fundraising fees$0
I-17 Other expenses$35,007
I-18 Total expenses$102,512
I-19 Revenue less expenses$132,431
Part VIII · Statement of revenue $234,943 across 5 lines filed
VIII-1c Fundraising events$45,938
VIII-1f All other contributions, gifts and grants$225,857
VIII-1h Total contributions, gifts and grants$271,795
VIII-8 Net income from fundraising eventsExcluded from tax −$36,852−$36,852
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$36,852$234,943
Part IX · Statement of functional expenses $102,512 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $2,000$2,000
IX-5 Pay of current officers, directors and key staffPrograms $48,018 · Management $3,634 · Fundraising $260$51,912
IX-7 Other salaries and wagesPrograms $6,617 · Management $2,983 · Fundraising $23$9,623
IX-10 Payroll taxesPrograms $3,692 · Management $258 · Fundraising $20$3,970
IX-11a Management feesFundraising $15,598$15,598
IX-11b Legal feesManagement $20$20
IX-11c Accounting feesManagement $372$372
IX-11g Other fees for servicesPrograms $7,594 · Management $288 · Fundraising $1,731$9,613
IX-12 Advertising and promotionPrograms $2,366$2,366
IX-13 Office expensesPrograms $3,566 · Management $2,311 · Fundraising $727$6,604
IX-16 OccupancyManagement $182$182
IX-17 TravelManagement $203$203
IX-24 Other expenses (24a–d)Programs $49$49
IX-25 Total functional expensesPrograms $73,902 · Management $10,251 · Fundraising $18,359$102,512
Part X · Balance sheet $137,446 assets, 10 lines filed
X-1 Cash, non-interest-bearing$132,431
X-2 Savings and temporary cash investments$2,265
X-4 Accounts receivable$2,750
X-16 Total assetsStart of year $0$137,446
X-17 Accounts payable and accrued expenses$22,735
X-26 Total liabilitiesStart of year $0$22,735
X-27 Net assets without donor restrictions$93,412
X-28 Net assets with donor restrictions$21,299
X-32 Total net assets or fund balancesStart of year $0$114,711
X-33 Total liabilities and net assetsStart of year $0$137,446
Part XI · Reconciliation of net assets $114,711 net assets at year end
XI-1 Total revenue$234,943
XI-2 Total expenses$102,512
XI-3 Revenue less expenses$132,431
XI-6 Donated services and use of facilities−$17,720
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$114,711

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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