Aqua Foundation for Women Inc
Nonprofit profile at a glance
- EIN
- 200873622
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990 2020, Form 990-EZ 2024
- Location
- Miami, FL, USA
- Phone
- 3108040003
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Lesbian, Gay Rights
Reported finances
- Revenue
- $47,386
- Expenses
- $138,651
- Assets
- $134,288
- Liabilities
- $80,463
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- KAREN COSTELLO-WILDER (Executive Dir.)
- JENNIFER BERNE (Secretary)
- DANIEL TILLEY (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
At the Aqua Foundation for Women, our mission is to serve and support the lesbian, gay, bisexual, transgender, and queer LGBTQ women's community in South Florida through grants, scholarships, and initiatives. Our unwavering commitment is to empower and uplift LGBTQ women, ensuring they have the resources and opportunities they need to thrive. Through our grant programs, scholarships, and community initiatives, we aim to create a South Florida where LGBTQ women can live without fear of discrimination, access educational opportunities, achieve personal and professional success, and thrive in a supportive and inclusive environment. Together, we strive to build a brighter future for all LGBTQ women in our community.
What it reported doing in 2024
In the year 2024, Aqua Foundation for Women, Inc. continued to advance its mission of serving and supporting the lesbian, gay, bisexual, transgender, and queer LGBTQ women's community in South Florida through grants, scholarships, and initiatives. Our achievements demonstrate our commitment to fostering an inclusive and empowered LGBTQ community in the region. Community Events: We organized significant events to create a sense of belonging within the LGBTQ community. Notably, we hosted a Family BBQ, which brought together LGBTQ individuals and their families, providing a safe and welcoming space for social interaction and support. Ally Awards: Our Ally Awards ceremony recognized and honored three outstanding community leaders and allies who have made a significant impact on the LGBTQ community, fostering greater acceptance and understanding. Scholarship Support: We awarded a total of $19,900 in scholarships to deserving students in South Florida. Each scholarship recipient was also paired with a dedicated mentor from within our community, ensuring ongoing support and guidance throughout their college journey. Aqua Affair: To celebrate our scholars and mentors, we organized the Aqua Affair event. This gathering highlighted the achievements of our scholarship recipients and their mentors, reinforcing the importance of mentorship within our community. Aqua Cares Initiative: We furthered a new initiative called Aqua Cares to facilitate meaningful discussions within the LGBTQ community about critical topics affecting its members. This initiative aimed to create a platform for dialogue and support. Through these accomplishments, Aqua Foundation for Women reaffirms its dedication to supporting and uplifting the LGBTQ women's community in South Florida. We remain committed to our core values of equality, empowerment, inclusivity, collaboration, and transparency as we work towards a brighter and more inclusive future for all LGBTQ individuals in our region.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 28
- Transparency & Controls: 82
- Sustainability: 17
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 44%; rating input score 44
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -192.6%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 0.97; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.6; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 51.8%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -9.3% per year; rating input score 0; 25th percentile among comparable filings
- Asset growth: -3.3% per year; rating input score 0; 28th percentile among comparable filings
Details
- Where the money goes: 44% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 5/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- High — Sustainability: Officer compensation ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.