Civic Intelligence

The Fold Inc.

990 • Fiscal year 2021 • EIN 03-0221341

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 12, 2021

PO Box 1188Lyndonville, VT 05851

(802) 274-4732

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.07x

Higher debt load relative to assets than 61% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

55th percentile

0.05x

Higher debt load relative to revenue than 55% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

92nd percentile

65%

Higher net margin than 92% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

74th percentile

30%

Faster asset growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

81st percentile

72%

Faster revenue growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$503,628

Up $117,666 (+30%) from 2020

Net Assets

Up

$467,716

Up $520,731 (+982%) from 2020

Liabilities

Down

$35,912

Down $403,065 (-92%) from 2020

Revenue

Up

$792,645

Up $332,142 (+72%) from 2020

Expenses

Down

$280,959

Down $239,055 (-46%) from 2020

Net Income

Up

$511,686

Up $571,197 (+960%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2012: $842,475Liabilities 2012: $468,181Net Assets 2012: $374,2942012Assets 2013: $813,563Liabilities 2013: $522,778Net Assets 2013: $290,7852013Assets 2014: $770,998Liabilities 2014: $458,592Net Assets 2014: $312,4062014Assets 2015: $732,614Liabilities 2015: $420,338Net Assets 2015: $312,2762015Assets 2016: $606,963Liabilities 2016: $333,584Net Assets 2016: $273,3792016Assets 2017: $526,093Liabilities 2017: $389,273Net Assets 2017: $136,8202017Assets 2018: $505,562Liabilities 2018: $368,741Net Assets 2018: $136,8212018Assets 2019: $408,469Liabilities 2019: $401,973Net Assets 2019: $6,4962019Assets 2020: $385,962Liabilities 2020: $438,977Net Assets 2020: -$53,0152020Assets 2021: $503,628Liabilities 2021: $35,912Net Assets 2021: $467,7162021Assets 2022: $439,964Liabilities 2022: $34,246Net Assets 2022: $405,7182022Assets 2023: $807,417Liabilities 2023: $6,631Net Assets 2023: $800,7862023Assets 2024: $906,653Liabilities 2024: $11,832Net Assets 2024: $894,8212024Assets 2025: $998,694Liabilities 2025: $2,880Net Assets 2025: $995,8142025

Highlighted filing

2021

Assets$503,628
Liabilities$35,912
Net Assets$467,716

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2012: $877,778Expenses 2012: $1,009,921Net Income 2012: -$132,1432012Revenue 2013: $864,172Expenses 2013: $946,709Net Income 2013: -$82,5372013Revenue 2014: $911,384Expenses 2014: $889,762Net Income 2014: $21,6222014Revenue 2015: $790,734Expenses 2015: $790,864Net Income 2015: -$1302015Revenue 2016: $771,047Expenses 2016: $809,944Net Income 2016: -$38,8972016Revenue 2017: $672,255Expenses 2017: $806,395Net Income 2017: -$134,1402017Revenue 2018: $1,001,632Expenses 2018: $1,001,631Net Income 2018: $12018Revenue 2019: $916,377Expenses 2019: $1,046,744Net Income 2019: -$130,3672019Revenue 2020: $460,503Expenses 2020: $520,014Net Income 2020: -$59,5112020Revenue 2021: $792,645Expenses 2021: $280,959Net Income 2021: $511,6862021Revenue 2022: $215,960Expenses 2022: $279,423Net Income 2022: -$63,4632022Revenue 2023: $612,434Expenses 2023: $245,096Net Income 2023: $367,3382023Revenue 2024: $333,531Expenses 2024: $222,075Net Income 2024: $111,4562024Revenue 2025: $316,181Expenses 2025: $215,187Net Income 2025: $100,9942025

Highlighted filing

2021

Revenue$792,645
Expenses$280,959
Net Income$511,686
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$792,645
Mission and Program Overview

Mission

Residential Facility for troubled teens.

Elevation Christian Academy provides a nuturing day school environment for at-risk youth between the ages of 11 and 17.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$61,324$364,067▲ $302,743
Land, Buildings, and Equipment, Net$306,705$103,888▼ $202,817
Pledges and Grants Receivable-$35,467-
Prepaid Expenses and Deferred Charges$3,130--
Accounts Receivable$14,700$103▼ $14,597
Total Assets$385,962$503,628▲ $117,666
Other Assets Total$103$103→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$390,148--
Other Liabilities$29,824$33,202▲ $3,378
Accounts Payable and Accrued Expenses$19,005$2,710▼ $16,295
Total Liabilities$438,977$35,912▼ $403,065
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-53,015$467,716▲ $520,731
Total Net Assets Fund Balance$-53,015$467,716▲ $520,731
Total Liabilities and Net Assets / Fund Balance$385,962$503,628▲ $117,666

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$46,337$478,902$525,239
Equipment$637$25,131$25,768
Land$10,000-$10,000
Other Land Buildings$46,914--
Other Assets Org$103--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bill BeaulacBoard Chairman
Rod AmesVice Chair
Chris TomaselliDirector
Ed DumontDirector
Elizia MeskillDirector
Gunilla KuniholmDirector
Jeanne LaughtonSecretary
Jon KuniholmTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$280,651
Program Service Revenue
$0
Investment Income
$495,212
Other Revenue
$16,782
All Other Contributions
$280,651
Change in Net Assets
$511,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$147,598
Salaries, Compensation, and Employee Benefits$133,361
Total Fundraising Expense$1,562
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$84,550$23,892-$108,442
Occupancy$2,250$27,481-$29,731
Payroll Taxes$7,984$16,935-$24,919
Depreciation Depletion$1,680$14,821-$16,501
Other Expenses$13,874$833$573$14,707
Insurance$11,050$3,125-$14,175
Interest-$7,333-$7,333
Advertising$4,458-$400$4,858
All Other Expenses$4,728--$4,728
Fees for Services Accounting$2,980$288-$3,268
Office Expenses$983$1,015$589$2,587
Information Technology-$1,691-$1,691
Travel$480--$480
Total Functional Expenses$141,590$137,807$1,562$280,959
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
PPP Loan$28,715
Other Liabilities$4,160
Payroll$327
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Jon & Gunilla Kuniholm are husband and wife.

Form 990 governing body review Part VI line 11

990 reports are read by CEO and compared to the fiscal year audit report before being being sent to the IRS.

Conflict of interest policy compliance Part VI line 12C

If there is a conflict of interest, the Board member does not vote.

CEO executive director top management comp Part VI line 15A

All top management compensation is determined by the Boards personnel committee. It is then presented to the Finance Committee and voted on by the full Board.

Other officer or key employee compensation Part VI line 15B

All employee wages, including key employees, are determined by the the Boards personnel committee and presented to the Finance Committee to include in yearly budget. See explanation for Part VI, Line 15A.

Governing documents etc available to public Part VI line 19

The Fold Inc. makes all of its governing documents, conflict of interest policies and financial statements available to the public by request only.

Filing and Contact Details

Filer

Filer Name
The Fold Inc
EIN
03-0221341
Address
PO Box 1188, Lyndonville, VT 05851
Doing Business As
Elevation Christian Academy

Signing Officer

Name
Bill Beaulac
Title
Board Chairman
Phone
8022744732
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
Vt
Voting Board Members
8
Independent Board Members
8
Employees
12
Volunteers
25

Preparer

Firm
S&D Accounting Services LLC
Address
419 VT Route 105 Ste B, Newport, VT 05855
Preparer
Stephen C Mengel
Phone
8026244148
Supplemental Narrative

Additional Explanations

Cessation of or significant change to any program service Part III line 3

Program services are now in a non-residential school.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt016232
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0274804
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0248577
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0377473
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0529493
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0556526
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0430578
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02142647
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0232
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01380
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02574
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03601
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt015811
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98810
IRS990ScheduleA/PublicSupportPY170Pct00.98500
IRS990ScheduleA/PublicSupportTotal170Amt02132816
IRS990ScheduleA/SubstantialContributorsTotAmt09831
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0248577
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0377473
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0529493
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0556526
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0430578
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02142647
IRS990ScheduleA/TotalSupportAmt02158458
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt046337
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0478902
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0525239
IRS990ScheduleD/EquipmentGrp/BookValueAmt0637
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025131
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025768
IRS990ScheduleD/LandGrp/BookValueAmt010000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0103
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Investments
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt046914
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt046914
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt128715
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2327
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Other Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PPP Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Payroll
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0103888
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0103
IRS990ScheduleD/TotalLiabilityAmt033202
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0133 142 & 188 Cornerstone Lane
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc14511 South Wheelock Road
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02021-02-28
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt12020-09-17
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0030212039
IRS990ScheduleN/DispositionOfAssetsDetail/EIN1834063215
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt0475000
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt1250000
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0Non-profit
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt1S-corporation
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0Realtor
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt1Realtor
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0Northeast Kingdom Human Services
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm1Sweet Spot Rentals LLC
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0PO Box 724
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt1101 Depot Street
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Newport
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm1Lyndonville
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0VT
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd1VT
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd005855
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd105851
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Jon & Gunilla Kuniholm are husband and wife.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 reports are read by CEO and compared to the fiscal year audit report before being being sent to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2If there is a conflict of interest, the Board member does not vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All top management compensation is determined by the Boards personnel committee. It is then presented to the Finance Committee and voted on by the full Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All employee wages, including key employees, are determined by the the Boards personnel committee and presented to the Finance Committee to include in yearly budget. See explanation for Part VI, Line 15A.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Fold Inc. makes all of its governing documents, conflict of interest policies and financial statements available to the public by request only.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Program services are now in a non-residential school.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Cessation of or significant change to any program service Part III line 3
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VT
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0385962
IRS990/TotalAssetsEOYAmt0503628
IRS990/TotalAssetsGrp/BOYAmt0385962
IRS990/TotalAssetsGrp/EOYAmt0503628
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0280651
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01562
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0137807
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0141590
IRS990/TotalFunctionalExpensesGrp/TotalAmt0280959
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0438977
IRS990/TotalLiabilitiesEOYAmt035912
IRS990/TotalLiabilitiesGrp/BOYAmt0438977
IRS990/TotalLiabilitiesGrp/EOYAmt035912
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-53015
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0467716
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0141590
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0511994

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.00$1.00$0.32$0.22$0.10
2024Detailed filing. Detailed filing data is available for this year.$0.91$0.01$0.89$0.33$0.22$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.81$0.01$0.80$0.61$0.25$0.37
2022Detailed filing. Detailed filing data is available for this year.$0.44$0.03$0.41$0.22$0.28$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.04$0.47$0.79$0.28$0.51
2020Detailed filing. Detailed filing data is available for this year.$0.39$0.44$0.05$0.46$0.52$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.41$0.40$0.01$0.92$1.05$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.51$0.37$0.14$1.00$1.00$0.00
2017Summary only. Only limited summary data is available for this year.$0.53$0.39$0.14$0.67$0.81$0.13
2016Summary only. Only limited summary data is available for this year.$0.61$0.33$0.27$0.77$0.81$0.04
2015Summary only. Only limited summary data is available for this year.$0.73$0.42$0.31$0.79$0.79$0.00
2014Summary only. Only limited summary data is available for this year.$0.77$0.46$0.31$0.91$0.89$0.02
2013Summary only. Only limited summary data is available for this year.$0.81$0.52$0.29$0.86$0.95$0.08
2012Summary only. Only limited summary data is available for this year.$0.84$0.47$0.37$0.88$1.01$0.13