2024-05-13T11:07:19-04:00 2023-12-31 000513841 RTS 1456 CARLTON AVE NE Grand Rapids MI 49505 990 2023-01-01 872397576 AQUME FOUNDATION AQUM CO P O BOX 9193 Wyoming MI 49509 TONYA A ADKINS-MCKEEVER CHIEF FINANCIAL 6169165887 2024-05-13 true TONYA ADKINS-MCKEEVER XXX-XX-XXXX true SIDNEY J RHODES SR P00513841 6167801900 2024-05-13 X 2 00 AAL2 IAL1 2023 2023-04-26 12:10:37Z CIARRA ADKINS 297391 false X www.aqumefoundation.org X 2021 MI AQUME Foundation centers economic justice and racial equity in philanthropy while integrating our core values of equity, financial investment, accountability and community transformation. 9 8 2 20 0 0 271795 297391 0 0 -36852 -41979 234943 255412 2000 34844 0 65505 138990 0 15428 35007 55937 102512 229771 132431 25641 137446 25641 22735 10717 114711 14924 AQUME Foundation centers economic justice and racial equity in philanthropy while integrating our core values of equity, financial investment, accountability and community transformation. false false 81610 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 operations into robust, thriving organizations with increased access to sustainable financial resources), our Fiduciary program provides both Project-Specific and Comprehensive fiscal sponsorship that build the capacity of BIPOC leadership leading charitable projects that strive for racial and economic justice and meaningful community transformation. Project-Specific administrative support services are limited to services necessary for receiving and overseeing Project Specific funds, and the distribution of Project-Specific funds; whereas our Comprehensive fiscal sponsorship bebefit from a suite of administrative services which include 32000 27000 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. Our Gold Scholar 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. Our annual scholarship program promotes equity and helps alleviate the pressures of pre-semester school expenses by sending funds directly to the student. 15931 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 their communities in correlation with the quadruple bottom line of people, planet, profit, and purpose. (cont pg2)AQUME Foundations General Operationsbut not limited to bookkeeping, accounting services and financial consulting. 129541 true true false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 2 true false false false false false false false false false false false false false false false false false X 9 8 false false false false false false false true true false false true true true true true false true true false MI X TONYA A MCKEEVER 6169165887 2511 NEWSTEAD SW Wyoming MI 49509 X JAMIE FERRELL AT-LARGE 0.00 0.00 X 0 0 0 MARIO L ADKINS AT-LARGE 0.00 0.00 X 0 0 0 MARCUS A JACKSON AT-LARGE 0.00 0.00 X 0 0 0 ALVIN HILLS AT-LARGE 0.00 0.00 X 0 0 0 CHRIS JACKSON AT-LARGE 0.00 0.00 X 0 0 0 CIARRA ADKINS PRESIDENT 30.00 0.00 X X X 0 0 0 TONYA ADKINS-MCKEEVER CHIEF FINANCIAL OFFICER 25.00 0.00 X X X 0 0 0 WENIKA CHIVIS TREASURER 0.00 0.00 X X 0 0 0 DANGELO BAILEY CHIEF DEVELOPMENT OFFICER 0.00 0.00 X X 0 0 0 CHANTAL PASAG SECRETARY 0.00 0.00 X X 0 0 0 0 0 0 0 false false false 47000 250391 297391 47000 41979 -41979 -41979 255412 0 0 -41979 34844 34844 112476 56238 56238 17910 9850 8060 8604 4302 4302 22424 12333 10091 25 25 713 713 15428 15428 3140 1570 1570 1910 955 955 2445 2445 4972 4072 900 492 492 SUPPLIES 4388 2194 2194 229771 129541 84802 15428 132431 25641 2265 2750 137446 25641 22735 10717 22735 10717 X 93412 13205 21299 1719 114711 14924 137446 25641 25641 -125428 0 X false false false X 225857 250391 476248 45938 47000 92938 271795 297391 569186 70109 60000 130109 165000 47000 212000 235109 107000 342109 227077 0 0 271795 297391 569186 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED GOLD GALA 47000 1000 46000 12474 17123 12382 47000 1000 46000 12474 17123 12382 41979 4021 Form 990 governing body review Part VI line 11 AQUME Foundation will schedule a Board of Trustees meeting before filing Form 990. Prior to the governing body meeting, all Trustees will have received a complete copy of the Form 990 for their review of calendar year 2022.A policy for this meeting is in place: The Chief Operating Officer will facilitate this part of the meeting. They will work aloneside a paid preparer providing information about the foundation and the financial statements. Part Vl line 19 same as 018 - governing documents, etc., available to public Conflict of interest policy compliance Part VI line 12c AQUME Foundations governing body feel that a policy on conflict of interest is a good governance and accountability practice. Once a year a certification and disclosure form is given to all Officers, Directors and key employees to certify that he or she: received a copy of the policy, read and understand the policy. Everyone is made to understand that transactions that provide impermissible benefits to individuals or entities are not to be engaged in. Everyone is asked to certify that he or she has no actual or possible conflict of interest to report. AQUME Foundation not only gives a copy of the policy to everyone but also offers everyone the opportunity to ask questions about the policy. CEO executive director top management comp Part VI line 15a AQUME Foundation just completed its second year as a nonprofit organization. With that in mind the governing body adopted a policy that calls for an annual review of compensation for its President. To assist in this, a search will be made of like foundations in the state with simular financial reporting. Other officer or key employee compensation Part VI line 15b AQUME Foundations policy for other Officers or key employees compensation:Once a year the Human Resources Committee reviews the salaries of the staff, by name and by position against an established salary schedule of increase. Governing documents etc available to public Part VI line 19 AQUME Foundation works to be in compliance with all Public Inspection Rules:When requested AQUME Foundation will share its annual returns for three years after the due date. All Form 990 schedules (except portions of Schedule B),attachments and supporting documents. Application for exemption and all supporting documents. The determination letter from the IRS that shows our tax-exempt status. AQUME Foundation will try to meet all requests the day of, however; if not, requests will be made available within two weeks. Request for copies in-person or in writing will be honored at a reasonable fee to cover the cost of copies. At this time the Board of Trustees have not decided to put the returns on the internet. AQUME Foundation will not identify contributors by name, only the amounts and natures of the contributions.Unfavorable rulings and certain types of information that the IRS said could be withheld.