The Glory Project INC

Tax-deductible

Colorado Spgs, CO501(c)(3)ReligionEIN 84-2984504Revenue $1.5M in FY2025

On file with the IRSthegloryproject.net5801 N Union Blvd Ste 331, 80918-1748 · Colorado Spgs, COTax-exempt since Jul 2022Church — 170(b)(1)(A)(i)

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The Glory Project has been organized to provide an outreach ministry program. More specifically, the organization will be building a ministry presence in myanmar and surrounding countries by assisting in the formation of churches, children's homes, theological school, and other programs. By providing this outreach ministry program, the organization will improve the quality of life for the resident in southeast asia.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$96K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $10K a year · 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$96K
to officers and key staff · 6% of spending
Top officer’s pay lower than 54% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $141
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$272K
88% of total assets
Concern: liabilities are 88% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+67% vs prior year
Spent
$1.7M
To programs
85%
Net assets
$38K
By yearFY2021–FY2025
Revenue
$1.5M
FY2025▲ +67%
Tap a bar for its year
Revenue by fiscal year
FY2021$116K
FY2022$259K
FY2023$478K
FY2024$899K
FY2025$1.5M
Expenses
$1.7M
FY2025▲ +107%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$271K
FY2023$408K
FY2024$814K
FY2025$1.7M
Net assets
$38K
FY2025▼ -83%
Tap a bar for its year
Net assets by fiscal year
FY2021$76K
FY2022$64K
FY2023$133K
FY2024$219K
FY2025$38K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.4M Management & general 7% · $110K Fundraising 8% · $135K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $96K paid to officers and key staff.

Part VII, Section A · reportable compensation
$96,093Pt VII · Sec A
Dir of Opera
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Dir of Finan
$0Pt VII · Sec A
Dir of Commu
$0Pt VII · Sec A
Dir of Inter
$0Pt VII · Sec A
Director at
$0Pt VII · Sec A

Breckenridge Merkle’s $96K as President is at the 46th percentile of top reported officer pay among 1636 $1–10M religion 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2023FY2022
Breckenridge Merkle$96,093$94,890$89,200

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Builds churches, children's homes, and schools to improve lives in Southeast Asia.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2025
01

The glory project has been organized to provide an outreach ministry program. More specifically, the organization will be building a ministry presence in myanmar and surrounding countries by assisting in the formation of churches, children's homes, theological school, and other programs.

$1.4Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$141

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$4K
Fees for servicesLn 2g$2K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.4M
Managementcol C$110K
Fundraisingcol D$135K
Owns and owesPt X
$38K
net assets · Ln 32
Cash and savingsLn 1–2$310K
Total assetsLn 16$310K
LiabilitiesLn 26$272K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$2K
Investment incomeLn 3$4K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$104K
SavingsLn 2$205K
Cash and savings togetherLn 1–2$310K
Other assetsLn 15$706
Total assetsLn 16$310K
LiabilitiesLn 26$272K
Net assetsLn 32$38K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
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
LineStart FY25End FY25
Cash and savingsLn 1–2$220K$310K
Total assetsLn 16$220K$310K
LiabilitiesLn 26$950$272K
Net assetsLn 32$219K$38K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$807K$807K
Pay of current officers, directors and key staffLn 5$96K$48K$25K$24K
Other salaries and wagesLn 7$125K$62K$32K$31K
Pension plan contributionsLn 8$6K$3K$2K$2K
Other employee benefitsLn 9$1K$1K
Payroll taxesLn 10$10K$5K$3K$3K
Other fees for servicesLn 11g$13K$13K
Advertising and promotionLn 12$19K$10K$10K
Office expensesLn 13$8K$1K$7K$148
OccupancyLn 16$6K$6K
TravelLn 17$29K$18K$1K$10K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$496K$479K$17K
All other expensesLn 24e$62K$4K$18K$39K
Total functional expensesLn 25$1.7M$1.4M$110K$135K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.5M$1.7M−$181K$38K 990 PDF
FY2024 $899K$814K$86K$219K 990 PDF
FY2023 $478K$408K$69K$133K 990 PDF
FY2022 $259K$271K−$12K$64K 990 PDF
FY2021 $116K$76K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $1,501,669 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $896,906$1,495,534
I-9 Program service revenuePrior year $1,394$2,072
I-10 Investment incomePrior year $954$4,063
I-11 Other revenue$0
I-12 Total revenuePrior year $899,254$1,501,669
I-13 Grants and similar amounts paidPrior year $426,709$807,147
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $115,935$239,200
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $271,107$636,386
I-18 Total expensesPrior year $813,751$1,682,733
I-19 Revenue less expensesPrior year $85,503−$181,064
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $1,501,669 across 6 lines filed
VIII-1d Related organizations$208,969
VIII-1f All other contributions, gifts and grants$1,286,565
VIII-1h Total contributions, gifts and grants$1,495,534
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $2,072$2,072
VIII-3 Investment incomeExcluded from tax $4,063$4,063
VIII-12 Total revenueExcluded from tax $6,135$1,501,669
Part IX · Statement of functional expenses $1,682,733 across 14 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $807,147$807,147
IX-5 Pay of current officers, directors and key staffPrograms $47,537 · Management $24,792 · Fundraising $23,764$96,093
IX-7 Other salaries and wagesPrograms $62,060 · Management $32,366 · Fundraising $31,024$125,450
IX-8 Pension plan contributionsPrograms $3,039 · Management $1,585 · Fundraising $1,519$6,143
IX-9 Other employee benefitsPrograms $1,099$1,099
IX-10 Payroll taxesPrograms $5,152 · Management $2,687 · Fundraising $2,576$10,415
IX-11g Other fees for servicesManagement $12,510$12,510
IX-12 Advertising and promotionPrograms $9,519 · Fundraising $9,519$19,038
IX-13 Office expensesPrograms $1,388 · Management $6,565 · Fundraising $148$8,101
IX-16 OccupancyManagement $5,880$5,880
IX-17 TravelPrograms $17,604 · Management $1,467 · Fundraising $10,269$29,340
IX-23 InsuranceManagement $3,831$3,831
IX-24 Other expenses (24a–d)Programs $479,138 · Fundraising $16,699$495,837
IX-24e All other expensesPrograms $4,420 · Management $17,948 · Fundraising $39,481$61,849
IX-25 Total functional expensesPrograms $1,438,103 · Management $109,631 · Fundraising $134,999$1,682,733
Part X · Balance sheet $310,299 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $187,880$104,378
X-2 Savings and temporary cash investmentsStart of year $32,052$205,215
X-15 Other assets$706
X-16 Total assetsStart of year $219,932$310,299
X-18 Grants payable$271,577
X-25 Other liabilitiesStart of year $950$804
X-26 Total liabilitiesStart of year $950$272,381
X-27 Net assets without donor restrictionsStart of year $218,982$37,918
X-32 Total net assets or fund balancesStart of year $218,982$37,918
X-33 Total liabilities and net assetsStart of year $219,932$310,299
Part XI · Reconciliation of net assets $37,918 net assets at year end
XI-1 Total revenue$1,501,669
XI-2 Total expenses$1,682,733
XI-3 Revenue less expenses−$181,064
XI-4 Net assets at start of year$218,982
XI-10 Net assets at end of year$37,918

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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