Overview
What is The Fold Inc?
The Fold Inc, based in Lyndonville, VT (PO Box 1188), is a dedicated nonprofit organization that focuses on empowering at-risk youth by helping them attain a high school diploma. Their services extend beyond the students themselves, offering counseling sessions for both parents and students to foster family healing. The organization's mission is realized through Elevation Christian Academy, a nurturing day school environment specifically designed for at-risk youth aged between 11 and 17. With a team of 8 dedicated individuals, The Fold Inc is committed to making a positive impact in these young lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 31%, Zero-Star out of Four Star rating
The Fold Inc has received a low rating of 31%, reflecting significant concerns regarding its accountability and financial transparency. While the organization benefits from a fully independent board, it lacks basic financial documentation and policies that are critical for maintaining trust and credibility with donors and the public.
Strengths of The Fold Inc include a fully independent board and no reported material diversion of assets, signaling some level of governance integrity. However, the absence of financial statements, a whistleblower policy, and other necessary documentation detracts from its overall financial health and operational transparency. The program expense ratio is also low, indicating a concerning allocation of resources away from direct program services.
Overall, the significant shortcomings in financial reporting and governance policies overshadow the organization's strengths. Potential donors and stakeholders may want to approach with caution given these limitations, as transparency is essential for establishing trust in nonprofit organizations.
This AI summary has been generated from information found on Charity Navigator.
Is The Fold Inc legitimate?
The Fold Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Fold Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $123,773
For more financial information, click here
What is the mission statement of The Fold Inc?
The organization, The Fold Inc, operates Elevation Christian Academy, which offers a nurturing day school environment for at-risk youth aged 11 to 17. Their primary mission is to provide the means for these youth to obtain a high school diploma. The academy also offers counseling services to both students and their parents, aiming to foster family healing. The goal is to support these at-risk youth in overcoming challenges and achieving their educational milestones.
Who is the CEO of The Fold Inc?
Scott Rancourt is the Executive Director of The Fold Inc.
What is the revenue of The Fold Inc?
The Fold Inc's revenue in 2023 was $612,434.
Who are the executives of The Fold Inc and what are their salaries?
The average compensation at The Fold Inc during 2023 was $15,472. There are 8 employees at The Fold Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Fold Inc?
The Fold Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Fold Inc
The Fold Inc, an organization dedicated to serving at-risk youth, offers a nurturing day school environment for individuals between the ages of 11 and 17. Their primary mission is to provide these adolescents with the means to earn a high school diploma. The academy understands the importance of family healing in this process, and therefore, extends counseling services to both students and their parents. This holistic approach aims to support and empower the youth, ultimately helping them rebuild their lives and achieve academic success.
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Impact
July, 2024
The Fold Inc, operating as Elevation Christian Academy in Lyndonville, VT, has a significant impact on at-risk youth aged 11 to 17. By providing a nurturing day school environment, it offers these youth the opportunity to earn a high school diploma. Additionally, the organization includes counseling services for both parents and students, focusing on promoting family healing. The Fold Inc's work in human services has a direct and tangible impact on the lives of vulnerable youth by providing them with education, support, and a path towards a better future.
This information is meant to be a general summary of The Fold Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $439,873
- Gross Receipts: $612,434
Assets and Liabilities:
- Total Assets: $807,417
- Total Liabilities: $6,631
- Net Assets: $800,786
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Organization Details
Founding Year
1967
Principal Officer
Scott Rancourt
Main Address
PO BOX 1188, LYNDONVILLE, VT, 05851
NTEE Category
Code: P70Z - Human services
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