AQUME FOUNDATION

EIN: 872397576 501(c)(3) Philanthropy & Grantmaking

Wyoming, MI

Total Revenue
$353,531
Total Expenses
$423,608
Total Assets
$-67,531
Net Assets
$-70,638
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MI
Phone
6169165887
Tax Period
2024-01-01 to 2024-12-31

AQUME FOUNDATION, founded in 2021, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $354K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $424K exceeded revenue, resulting in a 20% operating deficit.

Mission

AQUME Foundation centers economic justice and racial equity in philanthropy while integrating our core values of equity, financial investment, accountability and community transformation.

Program Service Accomplishments

Program 1
Expenses: $155,580

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...

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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 operations into robust, thriving organizations with increased access to sustainable financial resources), our annual events: 5K Health is Wealth community event, Game Night and Community Free Skate for families to experience joy and build meaningful connections. Our Fiduciary program provides both Project-Specific and Comprehensive fiscal sponsorships that build the capacity of Black leaders leading charitable projects that strive for ecomonic and racial justice and meaningful community transformation. Project-Specific administrative support services are limited to services necessary for receiving and overseeing project sepecific funds, and

Program 2
Expenses: $80,687

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...

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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. Our community sponsorship of $2,500 distributed to five organizations with each organization receiving $500 directly supports Black leaders and grassroots projects commited to uplifting Black communities. These funds help strengthen local initiatives, foster leadership development, and provide vital resources that address community needs, celebrate Black culture, and advance equity-driven solutions. Our Gold Scholar program is based on our community trust-based philanthropy model, our merit-based program awards two Black students with $1,000 each to support non-traditional college expenses within the first year of college. Our annual scholarship program promotes equity and helps alleviate the

Program 3
Expenses: $32,218

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...

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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 experience the philanthopic impact of collectively giving back to their communities in correlation with the quadruple bottom line of people, planet, profit, and purpose.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $403,651
Program Service Revenue $0
Investment Income $0
Other Revenue $-50,120
TOTAL REVENUE $353,531

Expense Breakdown

Grants Paid $67,777
Salaries & Benefits $240,403
Fundraising Expenses $16,430
Program Expenses $268,485
Other Expenses $115,428
TOTAL EXPENSES $423,608

Year-over-Year Comparison

2024 2023 Change
Revenue $353,531 $255,412 +0.4%
Expenses $423,608 $229,771 +0.8%
Net Income $-70,077 $25,641 -3.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$193,562
Total Directors
10
$75,920
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CIARRA C ADKINS PRESIDENT 40.00
Officer
$117,642 $0 $117,642
TONYA ADKINS-MCKEEVER CHIEF FINANCIAL OFFICER 40.00
Officer Director
$75,920 $0 $75,920
JAMIE FERRELL AT-LARGE 0.00
Director
$0 $0 $0
MARCUS A JACKSON AT-LARGE 0.00
Director
$0 $0 $0
BRYNDAN P ARNOLD AT-LARGE 0.00
Director
$0 $0 $0
CHANTAL PASAG SECRETARY 0.00
Officer Director
$0 $0 $0
DANGELO BAILEY CONSULTANT 0.00
Officer Director
$0 $0 $0
MARIO L ADKINS TREASURER 0.00
Officer Director
$0 $0 $0
CHRIS JACKSON CHAIR 0.00
Officer Director
$0 $0 $0
ALVIN HILLS VICE CHAIR 0.00
Officer Director
$0 $0 $0
JAMARI PICKENS CONSULTANT 0.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $353,531 $423,608 $-67,531 $-70,077
2024 No data No data No data No data
2023 $255,412 $229,771 $25,641 $25,641
2022 $234,943 $102,512 $137,446 $132,431
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