Folded Map Project

Nonprofit profile at a glance

EIN
851098411
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-N 2020
Location
Chicago, IL, USA
Phone
7085080072
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Intergroup, Race Relations

Official website

Reported finances

Revenue
$674,223
Expenses
$597,864
Assets
$266,367
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • TONIKA JOHNSON (PRESIDENT)

Highest reported compensation

  • TONIKA JOHNSON (PRESIDENT): $110,650 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule o.

What it reported doing in 2024

In 2024, folded map served as the fiscal sponsor for the englewood arts collective (eac) and provided thought partnership and fundraising support to strengthen its organizational structure, helping firmly establish eac as an arts and culture steward in greater englewood. Led in part by folded map's founder, tonika johnson, who is also a co-founder of eac, the collective has become a leader in chicago for community-entered creative placemaking. Eac is composed of experienced artists from englewood who advance their mission through creative expression rooted in joy, representation, and community change. Eac believes in: (1) the power of a people when they tell their own story. (2) the power of art as a legitimate, viable conduit for revitalizing economic and healing change in communities. (3) the potential for artists to be leaders and influencers of said change.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 94
  • Accountability: 60
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.6%; rating input score 88
  • Program expense ratio: 98.7%; rating input score 99
  • Fundraising efficiency: $3,584.44 raised per $1 spent on fundraising; rating input score 99; 99th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 16th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.3%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 0.45; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 18.5%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 47.6% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 38.2% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 34.4% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 87.6% of revenue deployed · 98.7% of spending went to programs
  • Governance: 3 of 4 board members independent · 3 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $590K in reported program spending
  • Leadership: top reported pay $111K · 4 people listed
  • Highest-paid contractors: 1 contractor listed · $111K reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Accountability: Governance controls: 5 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.