Civic Intelligence

The Fold Inc.

990 • Fiscal year 2024 • EIN 03-0221341

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 02, 2024

Organization Profile
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

49th percentile

0.01x

Higher debt load relative to assets than 49% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.04x

Higher debt load relative to revenue than 58% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

83rd percentile

33%

Higher net margin than 83% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

67th percentile

12%

Faster asset growth than 67% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-46%

Faster revenue growth than 6% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$906,653

Up $99,236 (+12%) from 2023

Net Assets

Up

$894,821

Up $94,035 (+12%) from 2023

Liabilities

Up

$11,832

Up $5,201 (+78%) from 2023

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin83rd percentile

Revenue

Down

$333,531

Down $278,903 (-46%) from 2023

Expenses

Down

$222,075

Down $23,021 (-9.4%) from 2023

Net Income

Down

$111,456

Down $255,882 (-70%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

2024

Assets$906,653
Liabilities$11,832
Net Assets$894,821
Open 2024 Filing

Operations Trend

Revenue Growth6th percentile

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

2024

Revenue$333,531
Expenses$222,075
Net Income$111,456
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 2, 2024
Return Version
2023v5.1
Gross Receipts
$333,531
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
Savings and Temporary Cash Investments$773,398$871,446▲ $98,048
Cash and Non-Interest-Bearing Accounts$23,764$35,207▲ $11,443
Total Assets$807,417$906,653▲ $99,236
Other Assets Total$10,255--
Liabilities
Accounts Payable and Accrued Expenses$1,935$6,952▲ $5,017
Other Liabilities$4,696$4,880▲ $184
Total Liabilities$6,631$11,832▲ $5,201
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$800,786$894,821▲ $94,035
Total Net Assets Fund Balance$800,786$894,821▲ $94,035
Total Liabilities and Net Assets / Fund Balance$807,417$906,653▲ $99,236

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$24,996$482,943$507,939
Equipment$-24,996$24,996-
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Bill BeaulacBoard Chairman
Rod AmesVice Chair
Scott RancourtExecutive Director
Paul SomervilleMember
Bill SimmonsSecretary
Jon KuniholmTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$275,002
Program Service Revenue
$0
Investment Income
$51,299
Other Revenue
$7,230
All Other Contributions
$275,002
Change in Net Assets
$111,456
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$147,055
Other Expenses$75,020
Total Fundraising Expense$9,234
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$135,815--$135,815
Occupancy$20,889--$20,889
Payroll Taxes$11,240--$11,240
Other Expenses$10,103--$10,103
Advertising--$9,234$9,234
Insurance-$5,482-$5,482
All Other Expenses$3,828--$3,828
Fees for Services Accounting-$3,134-$3,134
Office Expenses-$1,224-$1,224
Total Functional Expenses$203,001$9,840$9,234$222,075
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$4,460
Payroll$420
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

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
2024-10-02
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
Vt
Voting Board Members
6
Independent Board Members
6
Employees
5

Preparer

Firm
S&D Accounting Services LLC
Address
419 VT Route 105 Suite 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.”

Raw XML Appendix359 raw XML fields

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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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0507939
IRS990ScheduleD/EquipmentGrp/BookValueAmt0-24996
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024996
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04460
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1420
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL
IRS990ScheduleD/TotalLiabilityAmt04880
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 REPORTS ARE READ BY CEO AND COMPARED TO THE FISCAL YEAR AUDIT REPORT BEFORE BEING BEING SENT TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IF THERE IS A CONFLICT OF INTEREST, THE BOARD MEMBER DOES NOT VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL 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/ExplanationTxt3ALL 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/ExplanationTxt4THE FOLD INC. MAKES ALL OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST ONLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROGRAM SERVICES ARE NOW IN A NON-RESIDENTIAL SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Cessation of or significant change to any program service Part III line 3
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VT
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0807417
IRS990/TotalAssetsEOYAmt0906653
IRS990/TotalAssetsGrp/BOYAmt0807417
IRS990/TotalAssetsGrp/EOYAmt0906653
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0275002
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09234
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09840
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0203001
IRS990/TotalFunctionalExpensesGrp/TotalAmt0222075
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06631
IRS990/TotalLiabilitiesEOYAmt011832
IRS990/TotalLiabilitiesGrp/BOYAmt06631
IRS990/TotalLiabilitiesGrp/EOYAmt011832
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0800786
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0894821
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0203001
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt058529
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0333531
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0807417
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0906653
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BILL BEAULAC
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08022744732
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE FOLD INC
ReturnHeader/Filer/BusinessNameControlTxt0FOLD
ReturnHeader/Filer/EIN0030221341
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1188
ReturnHeader/Filer/USAddress/CityNm0LYNDONVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005851
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0810928853
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0S&D Accounting Services LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0419 VT Route 105 Suite B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Newport
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005855
ReturnHeader/PreparerPersonGrp/PhoneNum08026244148
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Stephen C Mengel
ReturnHeader/ReturnTs02024-10-14T18:41:44-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$906,653
Liabilities
$11,832
Net assets
$894,821
Revenue
$333,531
Expenses
$222,075
Net income
$111,456
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