The Fold INC: FY2021 Nonprofit Profile & Form 990 (EIN 03-0221341)

Scott Rancourt’s $74K as Executive Director is at the 65th percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Nurtures at-risk youth aged 11-17 in a day school environment.

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1 program · $142K · in their own filed words · FY2020

01

Provide the means to gaining a high school diploma for at-risk youth. Counseling services included both parents and students, that promoted family healing.

$142Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Raymond James Charitable Endowment FundFY2024$100K

Total grants receivedfrom 1 funder$100K

By the numbers

The FY2021 990, line by line.

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1The main four

Money inPt VIII

$793K

Ln 12

Investment incomeLn 3$495K

Gifts and grantsLn 1h$281K

Other incomeLn 4–11$17K

Money outPt IX

$281K

Ln 25

Programscol B$142K

Managementcol C$138K

Fundraisingcol D$2K

Owns and owesPt X

$468K

net assets · Ln 32

Cash and savingsLn 1–2$364K

Total assetsLn 16$504K

LiabilitiesLn 26$36K

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$281K

Investment incomeLn 3$495K

Other incomeLn 4–11$17K

Gains on assetsLn 7$495K

Total revenueLn 12$793K

Assets in detailPt X, end of year

CashLn 1$364K

Cash and savings togetherLn 1–2$364K

Land, buildings, equipmentLn 10c$104K

Other assetsLn 15$103

Total assetsLn 16$504K

LiabilitiesLn 26$36K

Net assetsLn 32$468K

OperationsPt I, VI

EmployeesI 59

VolunteersI 612

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$61K	$364K
Land, buildings, equipmentLn 10c	$307K	$104K
Total assetsLn 16	$386K	$504K
LiabilitiesLn 26	$439K	$36K
Net assetsLn 32	−$53K	$468K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$108K	$85K	$24K
Payroll taxesLn 10	$25K	$8K	$17K
Accounting feesLn 11c	$3K	$3K	$288
Advertising and promotionLn 12	$5K	$4K		$400
Office expensesLn 13	$3K	$983	$1K	$589
Information technologyLn 14	$2K		$2K
OccupancyLn 16	$30K	$2K	$27K
TravelLn 17	$480	$480
InterestLn 20	$7K		$7K
Depreciation, depletion and amortizationLn 22	$17K	$2K	$15K
InsuranceLn 23	$14K	$11K	$3K
Other expenses (24a–d)Ln 24	$62K	$20K	$41K	$573
All other expensesLn 24e	$5K	$5K
Total functional expensesLn 25	$281K	$142K	$138K	$2K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$316K	$215K	$101K	$996K	990 PDF
FY2024	$334K	$222K	$111K	$895K	990 PDF
FY2023	$612K	$245K	$367K	$801K	990 PDF
FY2022	$216K	$279K	−$63K	$406K	990 PDF
FY2021 Viewing	$793K	$281K	$512K	$468K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $792,645 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $377,443$280,651

I-9 Program service revenuePrior year $80,194$0

I-10 Investment income$495,212

I-11 Other revenuePrior year $2,866$16,782

I-12 Total revenuePrior year $460,503$792,645

I-13 Grants and similar amounts paidPrior year $57,665$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $209,917$133,361

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $252,432$147,598

I-18 Total expensesPrior year $520,014$280,959

I-19 Revenue less expensesPrior year −$59,511$511,686

Part VI · Governance 8 of 8 board members independent, 2 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $792,645 across 7 lines filed

VIII-1f All other contributions, gifts and grants$280,651

VIII-1h Total contributions, gifts and grants$280,651

VIII-3 Investment incomeRelated to mission $306$306

VIII-6 Net rental income or lossRelated to mission $16,232$16,232

VIII-7 Net gain or loss on sales of assetsRelated to mission $494,906$494,906

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $550$550

VIII-12 Total revenueRelated to mission $511,994 · Unrelated business $0 · Excluded from tax $0$792,645

Part IX · Statement of functional expenses $280,959 across 13 lines filed

IX-7 Other salaries and wagesPrograms $84,550 · Management $23,892$108,442

IX-10 Payroll taxesPrograms $7,984 · Management $16,935$24,919

IX-11c Accounting feesPrograms $2,980 · Management $288$3,268

IX-12 Advertising and promotionPrograms $4,458 · Fundraising $400$4,858

IX-13 Office expensesPrograms $983 · Management $1,015 · Fundraising $589$2,587

IX-14 Information technologyManagement $1,691$1,691

IX-16 OccupancyPrograms $2,250 · Management $27,481$29,731

IX-17 TravelPrograms $480$480

IX-20 InterestManagement $7,333$7,333

IX-22 Depreciation, depletion and amortizationPrograms $1,680 · Management $14,821$16,501

IX-23 InsurancePrograms $11,050 · Management $3,125$14,175

IX-24 Other expenses (24a–d)Programs $20,447 · Management $41,226 · Fundraising $573$62,246

IX-24e All other expensesPrograms $4,728$4,728

IX-25 Total functional expensesPrograms $141,590 · Management $137,807 · Fundraising $1,562$280,959

Part X · Balance sheet $503,628 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $61,324$364,067

X-3 Pledges and grants receivable$35,467

X-4 Accounts receivableStart of year $14,700$103

X-10c Land, buildings and equipment, netStart of year $306,705$103,888

X-15 Other assetsStart of year $103$103

X-16 Total assetsStart of year $385,962$503,628

X-17 Accounts payable and accrued expensesStart of year $19,005$2,710

X-25 Other liabilitiesStart of year $29,824$33,202

X-26 Total liabilitiesStart of year $438,977$35,912

X-27 Net assets without donor restrictionsStart of year −$53,015$467,716

X-32 Total net assets or fund balancesStart of year −$53,015$467,716

X-33 Total liabilities and net assetsStart of year $385,962$503,628

Part XI · Reconciliation of net assets $467,716 net assets at year end

XI-1 Total revenue$792,645

XI-2 Total expenses$280,959

XI-3 Revenue less expenses$511,686

XI-4 Net assets at start of year−$53,015

XI-8 Prior period adjustments$9,045

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$467,716

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Fold INC FY2021 filing

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