Glory Ridge INC EIN 56-1407216 Form 990 (PDF) Claim this org

Glory Ridge INC

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Offers Christian camping for healing and community transformation through worship and simplicity. For fiscal year 2025 it reported $247K in revenue, $180K in expenses, and $355K in net assets.Pt I

Founded
2013
Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Marshall, NC
Website
www.gloryridge.org
Filings
6 on file (2020–2025)
Revenue
$247KFY2025
Expenses
$180K
Net assets
$355K
People
13
Filings
6
Updates
0
More identity details & actions ⌄
EIN  56-1407216 Public charity (501(c)(3)) Marshall, NC Founded 2013
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers Christian camping for healing and community transformation through worship and simplicity.
Leadership
Steve Neas · Chairman
Money in and out
$247K revenue, $180K expenses
Bottom line
84% program efficiency
Where the money goes · FY2025
Total revenue
$247K
Pt VIII · Ln 12
Total expenses
$180K
Pt IX · Ln 25
Net assets
$355K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $67K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Program efficiency
84%
of spending reaches programs▼ -0.7% vs prior filing year
Operating runway
9.8mo
months of highly liquid reserves at operating expense rate▲ +96% vs prior filing year
Surplus margin
+27%
revenue over expenses, this year▲ +66% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$247K
FY2025▲ +12%
Expenses
$180K
FY2025▼ -2%
Total assets
$355K
FY2025▲ +23%
Total liabilities
$6
FY2025▼ -100%
Total revenue
$247K
Pt VIII · Ln 12
Total expenses
$180K
Pt IX · Ln 25
Net assets
$355K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$67K
Total assetsPt X · Ln 16$355K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGlory Ridge INC
EINHdr · item D56-1407216
Principal addressHdr · item CMarshall, NC
WebsiteHdr · item Jwww.gloryridge.org
Year of formationHdr · item L2013
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N20)
Ruling yearIRS BMFMay 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $151K of program spending, described in the organization's own filed words · FY2025.
01

The camp serves as a weekend retreat and a week-long workcamp center to reach out to the surrounding community to assist with home repairs. Through these services, the camp emphasizes the importance of work and worship and allows people to grow together in christ jesus. Our summer ministry program was exceptional.

$151Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$242K · 98%
Program service revenue$4K · 2%
Contributions & grants98%$242K
Program service revenue2%$4K
Investment income$3
Other revenue$1K
Total revenueLn 12$247K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$151K
Management & general16%$29K
Total functional expensesLn 25$180K

Balance Sheet

Part X · end of year
CashLn 1$147K
Total assetsLn 16$355K
Total liabilitiesLn 26$6
Total net assetsLn 32$355K
Months of cash on handcomputed9.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $147K · Operating expenses/yr $180K
9.8 months
Where the money goes
Program services
Program services $151K · Total expenses $180K
84%
Management & General
Management & general $29K · Total expenses $180K
16%
Fundraising
Fundraising $0 · Total expenses $180K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $192K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $242K · Total revenue $247K
98%
Government reliance
Government grants — · Total revenue $247K
Earned-income share
Program service revenue $4K · Total revenue $247K
2%
Investment reliance
Investment income $3 · Total revenue $247K
<0.01%
Program self-sufficiency
Program service revenue $4K · Total expenses $180K
2%
Growth & trend
Revenue growth (YoY)
This year $247K · Prior year $221K
+12%
Revenue CAGR
FY2020 $147K · FY2025 $247K
+11%
Net-asset trend (YoY)
End of year $355K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $247K · Expenses $180K
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $355K
Net-asset ratio
Net assets $355K · Total assets $355K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $355K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Steve Neas · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $180K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $128K · Total expenses $180K
71%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Revenue growth 12%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$94K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$247K revenue · viewing · ⤓ 990 PDF
FY2024$221K revenue · ⤓ 990 PDF
FY2023$122K revenue · ⤓ 990 PDF
FY2022$162K revenue · ⤓ 990 PDF
FY2021$160K revenue · ⤓ 990 PDF
FY2020$147K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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