2025-10-15T11:44:32-04:00 2024-12-31 RTS 1456 CARLTON AVE NE Grand Rapids MI 49505 990 2024-01-01 872397576 AQUME FOUNDATION % TONYA A ADKINS-MCKEEVER AQUM 6169165887 CO P O BOX 9193 Wyoming MI 49509 TONYA A ADKINS-MCKEEVER CHIEF FINANCIAL OFFICER 6169165887 2025-10-14 true true SIDNEY J RHODES SR P00513841 6167801900 2025-10-15 X 2024 2025-03-06 01:10:19Z X 403651 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. 10 10 2 20 0 0 297391 403651 0 0 -41979 -7270 255412 396381 34844 39500 0 138990 240403 0 66550 55937 115428 229771 395331 25641 1050 25641 20579 10717 4605 14924 15974 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 115580 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 60687 39500 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 25680 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. (cont pg2)AQUME Foundations General Operations the distribution of Project-Specific funds, whereas our Comprehensive fiscal sponsorship benefit from a suite of administrative services which include, but not limited to bill payments, vendor payments, monthly grant fund(s) expense tracking and grantee reporting, etc. (cont pg2) AQUME Foundations Our Justice pressures of pre-semester college expenses by sending awarded funds directly to the student. 201947 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 8 0 true 2 true false false false false false false false false false false false false false false false false false X 10 10 true false false false false false false true true false false true true true true true true true true false MI X TONYA A MCKEEVER 6169165887 2511 NEWSTEAD SW Wyoming MI 49509 CIARRA C ADKINS PRESIDENT 40.00 0.00 X 117642 0 0 TONYA ADKINS-MCKEEVER CHIEF FINANCIAL OFFICER 40.00 0.00 X X 75920 0 0 CHANTAL PASAG SECRETARY 0.00 0.00 X X 0 0 0 DANGELO BAILEY CONSULTANT 0.00 0.00 X X 0 0 0 MARIO L ADKINS TREASURER 0.00 0.00 X X 0 0 0 JAMIE FERRELL AT-LARGE 0.00 0.00 X 0 0 0 MARCUS A JACKSON AT-LARGE 0.00 0.00 X 0 0 0 CHRIS JACKSON CHAIR 0.00 0.00 X X 0 0 0 ALVIN HILLS VICE CHAIR 0.00 0.00 X X 0 0 0 BRYNDAN P ARNOLD AT-LARGE 0.00 0.00 X 0 0 0 JAMARI PICKENS CONSULTANT 0.00 0.00 X X 0 0 0 193562 0 0 1 false false false 42850 360801 403651 42850 7270 -7270 -7270 396381 0 0 -7270 39500 39500 193562 96781 96781 19701 19701 27140 12333 14807 50120 50120 20 20 1367 1367 16430 16430 3795 3795 5345 5345 10794 7322 3472 5008 5008 2033 1016 1017 999 999 SUPPLIES 19517 9759 9758 395331 201947 126834 66550 25641 500 17533 2546 25641 20579 10717 4605 10717 4605 X 13205 15974 1719 14924 15974 25641 20579 1050 0 X false false false X 225857 250391 403651 879899 45938 47000 92938 271795 297391 403651 972837 70109 60000 130109 165000 47000 212000 0 0 235109 107000 0 342109 630728 0 0 271795 297391 403651 972837 0.64830 0.00000 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED GOLD GALA 42850 10750 32100 13630 15863 20627 42850 10750 32100 13630 15863 20627 50120 -18020 true 0 Monitoring procedures (Part I, line 2) AQUME Foundations governing body feel that a policy on keeping records to substantiate the amount, granteeseligibility and selection is a good governance and accountability practice. Amended return information CORRECTIONS TO FORM 990: THE EXPENSES POSTED FOR THE STATEMENT OF PROGRAM SERVICES AND FUNDRAISING WERE DISCOVERED TO BE IN ERROR. TOTAL EXPENSES FOR PROGRAMS POSTED WERE 268,485 AND SHOULD HAVE BEEN 201,947 TOTAL EXPENSES FOR FUNDRAISING POSTED WERE -16,430 AND SHOULD HAVE BEEN -66,550 Officer directors etc family relationship Part VI line 2 AQUME Foundations governing body feel that a policy on conflict of interest if a good governance and accountability practic. This is stated in schedule 014-Conflict of interest policy. 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 third 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.