Aqume Foundation FY2023 filing

Tax-deductible

Grandville, MI501(c)(3)Since 2021Foundations & GrantmakersEIN 87-2397576Revenue $255K in FY2023

On file with the IRSaqumefoundation.org4265 Blackfoot Dr Sw, 49418-1724 · Grandville, MITax-exempt since Nov 2021Publicly supported — 509(a)(2)

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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.
56¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
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
$11K
42% of total assets
Looks good: liabilities are 42% 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
$255K
+9% vs prior year
Spent
$230K
To programs
56%
Net assets
$15K
By yearFY2022–FY2025
Revenue
$255K
FY2023▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2022$235K
FY2023$255K
FY2024$354K
FY2025$486K
Expenses
$230K
FY2023▲ +124%
Tap a bar for its year
Expenses by fiscal year
FY2022$103K
FY2023$230K
FY2024$424K
FY2025$447K
Net assets
$15K
FY2023▼ -87%
Tap a bar for its year
Net assets by fiscal year
FY2022$115K
FY2023$15K
FY2024−$71K
FY2025$294K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

56 cents of each dollar spent went to programs.

Program services 56% · $130K Management & general 37% · $85K Fundraising 7% · $15K

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.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
At-Large
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Chief Financial Officer
$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 · $130K · in their own filed words · FY2023
01

AQUME Foundations General operations supports our general Operating commitments, our Operate in Excellence leadership cultivation,(a 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…

$82Kprogram expense
02

AQUME Foundations OUR JUSTICE grant fund leads with innovation and invests in our Black and other BIPOC organizations to advance organizational missions and community projects that benefit people of color. OUR JUSTICE grant grant fund awarded ten $2,500 grants to eligible organizations during our 2023 funding cycle.

$32Kprogram expense
03

AQUME Foundations Philanthropy Looks Like Me social enterprise program serves Greater Grand Rapids area youth and guides a cohort of middle school and high school students through a ten-week program where student entrepreneurs learn how to build a business, generate revenue, and the philanthopic impact of collectively giving back to…

$16Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$255K
Ln 12
Gifts and grantsLn 1h$297K
Money outPt IX
$230K
Ln 25
Programscol B$130K
Managementcol C$85K
Fundraisingcol D$15K
Owns and owesPt X
$15K
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$26K
LiabilitiesLn 26$11K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$297K
Fundraising eventsLn 1c$47K
Total revenueLn 12$255K
Assets in detailPt X, end of year
CashLn 1$26K
Cash and savings togetherLn 1–2$26K
Total assetsLn 16$26K
LiabilitiesLn 26$11K
Net assetsLn 32$15K
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 FY23End FY23
Cash and savingsLn 1–2$132K$26K
Total assetsLn 16$137K$26K
LiabilitiesLn 26$23K$11K
Net assetsLn 32$115K$15K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$35K$35K
Pay of current officers, directors and key staffLn 5$112K$56K$56K
Other salaries and wagesLn 7$18K$10K$8K
Payroll taxesLn 10$9K$4K$4K
Management feesLn 11a$22K$12K$10K
Legal feesLn 11b$25$25
Accounting feesLn 11c$713$713
Other fees for servicesLn 11g$15K$15K
Advertising and promotionLn 12$3K$2K$2K
Office expensesLn 13$2K$955$955
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$5K$4K$900
InsuranceLn 23$492$492
Other expenses (24a–d)Ln 24$4K$2K$2K
Total functional expensesLn 25$230K$130K$85K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $486K$447K$40K$294K 990 PDF
FY2024 $354K$424K−$70K−$71K 990 PDF
FY2023 Viewing $255K$230K$26K$15K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $255,412 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $271,795$297,391
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$36,852−$41,979
I-12 Total revenuePrior year $234,943$255,412
I-13 Grants and similar amounts paidPrior year $2,000$34,844
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $65,505$138,990
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $35,007$55,937
I-18 Total expensesPrior year $102,512$229,771
I-19 Revenue less expensesPrior year $132,431$25,641
Part VI · Governance 8 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
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 $255,412 across 5 lines filed
VIII-1c Fundraising events$47,000
VIII-1f All other contributions, gifts and grants$250,391
VIII-1h Total contributions, gifts and grants$297,391
VIII-8 Net income from fundraising eventsExcluded from tax −$41,979−$41,979
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$41,979$255,412
Part IX · Statement of functional expenses $229,771 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $34,844$34,844
IX-5 Pay of current officers, directors and key staffPrograms $56,238 · Management $56,238$112,476
IX-7 Other salaries and wagesPrograms $9,850 · Management $8,060$17,910
IX-10 Payroll taxesPrograms $4,302 · Management $4,302$8,604
IX-11a Management feesPrograms $12,333 · Management $10,091$22,424
IX-11b Legal feesPrograms $25$25
IX-11c Accounting feesPrograms $713$713
IX-11g Other fees for servicesFundraising $15,428$15,428
IX-12 Advertising and promotionPrograms $1,570 · Management $1,570$3,140
IX-13 Office expensesPrograms $955 · Management $955$1,910
IX-17 TravelPrograms $2,445$2,445
IX-19 Conferences, conventions and meetingsPrograms $4,072 · Management $900$4,972
IX-23 InsuranceManagement $492$492
IX-24 Other expenses (24a–d)Programs $2,194 · Management $2,194$4,388
IX-25 Total functional expensesPrograms $129,541 · Management $84,802 · Fundraising $15,428$229,771
Part X · Balance sheet $25,641 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $132,431$25,641
X-16 Total assetsStart of year $137,446$25,641
X-17 Accounts payable and accrued expensesStart of year $22,735$10,717
X-26 Total liabilitiesStart of year $22,735$10,717
X-27 Net assets without donor restrictionsStart of year $93,412$13,205
X-28 Net assets with donor restrictionsStart of year $21,299$1,719
X-32 Total net assets or fund balancesStart of year $114,711$14,924
X-33 Total liabilities and net assetsStart of year $137,446$25,641
Part XI · Reconciliation of net assets $14,924 net assets at year end
XI-1 Total revenue$255,412
XI-2 Total expenses$229,771
XI-3 Revenue less expenses$25,641
XI-4 Net assets at start of year$114,711
XI-8 Prior period adjustments−$125,428
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,924

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

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