Is there a way to organize the items in the Object list into folders?
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Yes, but only in the latest version 0.99.97.
You can add new folders from the 'objects' folder of the Project bar.
Here is a cap for a point of reference:
...Hm. I'm using the latest version, and I see the folder in the cap reference file you provided... but I don't see the option for creating new folders anywhere. Here's my Objects tab:
Look at the bottom right corner of the screen and click the project tab. From the object folder there you can add/remove object folders and move objects between them.