Aqume Foundation FY2024 filing

Tax-deductible

Grandville, MI501(c)(3)Since 2021Foundations & GrantmakersEIN 87-2397576Revenue $354K in FY2024

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.
63¢ of each $1 spent went to programs.
$387K 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

FY2024 · 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
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$387K
to officers and key staff · 91% of spending
Concern: pay to officers and key staff is 91% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: -1.5 months of spending in cash; under 2 weeks.
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
$3K
-5% of total assets
Looks good: liabilities are -5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$354K
+38% vs prior year
Spent
$424K
To programs
63%
Net assets
−$71K
By yearFY2022–FY2025
Revenue
$354K
FY2024▲ +38%
Tap a bar for its year
Revenue by fiscal year
FY2022$235K
FY2023$255K
FY2024$354K
FY2025$486K
Expenses
$424K
FY2024▲ +84%
Tap a bar for its year
Expenses by fiscal year
FY2022$103K
FY2023$230K
FY2024$424K
FY2025$447K
Net assets
−$71K
FY2024▼ -573%
Tap a bar for its year
Net assets by fiscal year
FY2022$115K
FY2023$15K
FY2024−$71K
FY2025$294K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 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

63 cents of each dollar spent went to programs.

Program services 63% · $268K Management & general 33% · $139K Fundraising 16% · $67K

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

22 people listed on the 990; $387K paid to officers and key staff.

Part VII, Section A · reportable compensation
$117,642Pt VII · Sec A
$117,642Pt VII · Sec A
Chief Financial Officer
$75,920Pt VII · Sec A
Chief Financial Officer
$75,920Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 2Yes
  • 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.

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Provided by the organization

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4 programs · $413K · in their own filed words · FY2024
01

AQUME Foundations General Operations supports our general operating commitments.Operate in Excellence leadership cultivation,(a program that creates greater comfort for Black leaders operating at C-Suite levels to improve intrapersonal skills, and executive compentencies to professionally shift organizations from under-resourced…

$156Kprogram expense
02

AQUME Foundations General Operations supports our general operating commitments.Operate in Excellence leadership cultivation,(a program that creates greater comfort for Black leaders operating at C-Suite levels to improve intrapersonal skills, and executive compentencies to professionally shift organizations from under-resourced…

$116Kprogram expense
03

AQUME Foundations OUR JUSTICE grant fund leads with innovation and invests in our Black-led organizational missions and community projects that benefit Black people. OUR JUSTICE grant fund awarded ten $2,500 grants to eligible organizations during our 2024 funding cycle.

$81Kprogram expense
04

AQUME Foundations OUR JUSTICE grant fund leads with innovation and invests in our Black-led organizational missions and community projects that benefit Black people. OUR JUSTICE grant fund awarded ten $2,500 grants to eligible organizations during our 2024 funding cycle.

$61Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$354K
Ln 12
Gifts and grantsLn 1h$404K
Money outPt IX
$424K
Ln 25
Programscol B$268K
Managementcol C$139K
Fundraisingcol D$67K
Owns and owesPt X
−$71K
net assets · Ln 32
Cash and savingsLn 1–2−$53K
Total assetsLn 16−$68K
LiabilitiesLn 26$3K
PeoplePt VI, VII
22
listed · VII A
PaidVII A4
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$404K
Total revenueLn 12$354K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2−$53K
Total assetsLn 16−$68K
LiabilitiesLn 26$3K
Net assetsLn 32−$71K
OperationsPt I, VI
EmployeesI 52
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $486K$447K$40K$294K 990 PDF
FY2024 Viewing $354K$424K−$70K−$71K 990 PDF
FY2023 $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 FY2024 990 (1 part)
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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