The Glory Project INC FY2024 filing

Tax-deductible

Colorado Spgs, CO501(c)(3)ReligionEIN 84-2984504Revenue $899K in FY2024

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.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · 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
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
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
$950
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
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
$899K
+88% vs prior year
Spent
$814K
To programs
89%
Net assets
$219K
By yearFY2021–FY2025
Revenue
$899K
FY2024▲ +88%
Tap a bar for its year
Revenue by fiscal year
FY2021$116K
FY2022$259K
FY2023$478K
FY2024$899K
FY2025$1.5M
Expenses
$814K
FY2024▲ +99%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$271K
FY2023$408K
FY2024$814K
FY2025$1.7M
Net assets
$219K
FY2024▲ +64%
Tap a bar for its year
Net assets by fiscal year
FY2021$76K
FY2022$64K
FY2023$133K
FY2024$219K
FY2025$38K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

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

89 cents of each dollar spent went to programs.

Program services 89% · $723K Management & general 6% · $45K Fundraising 6% · $45K

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.

Part VII, Section A · reportable compensation
$0Pt 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

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 · $723K · in their own filed words · FY2024
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.

$723Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$899K
Ln 12
Gifts and grantsLn 1h$897K
Fees for servicesLn 2g$1K
Investment incomeLn 3$954
Money outPt IX
$814K
Ln 25
Programscol B$723K
Managementcol C$45K
Fundraisingcol D$45K
Owns and owesPt X
$219K
net assets · Ln 32
Cash and savingsLn 1–2$220K
Total assetsLn 16$220K
LiabilitiesLn 26$950
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$897K
Fees for servicesLn 2g$1K
Investment incomeLn 3$954
Total revenueLn 12$899K
Assets in detailPt X, end of year
CashLn 1$188K
SavingsLn 2$32K
Cash and savings togetherLn 1–2$220K
Total assetsLn 16$220K
LiabilitiesLn 26$950
Net assetsLn 32$219K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$134K$220K
Total assetsLn 16$134K$220K
LiabilitiesLn 26$789$950
Net assetsLn 32$133K$219K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$427K$427K
Other salaries and wagesLn 7$112K$55K$29K$28K
Pension plan contributionsLn 8$673$333$174$166
Payroll taxesLn 10$4K$2K$957$917
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$8K$4K$3K
OccupancyLn 16$4K$4K
TravelLn 17$10K$10K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$202K$202K
All other expensesLn 24e$31K$10K$5K$17K
Total functional expensesLn 25$814K$723K$45K$45K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.5M$1.7M−$181K$38K 990 PDF
FY2024 Viewing $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 FY2024 990 (6 parts)
Part I · Summary $899,254 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $474,402$896,906
I-9 Program service revenuePrior year $3,220$1,394
I-10 Investment incomePrior year $14$954
I-11 Other revenue$0
I-12 Total revenuePrior year $477,636$899,254
I-13 Grants and similar amounts paidPrior year $94,371$426,709
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $103,090$115,935
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $210,685$271,107
I-18 Total expensesPrior year $408,146$813,751
I-19 Revenue less expensesPrior year $69,490$85,503
Part VI · Governance 7 of 7 board members independent, 5 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $899,254 across 5 lines filed
VIII-1f All other contributions, gifts and grants$896,906
VIII-1h Total contributions, gifts and grants$896,906
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $1,394$1,394
VIII-3 Investment incomeExcluded from tax $954$954
VIII-12 Total revenueExcluded from tax $2,348$899,254
Part IX · Statement of functional expenses $813,751 across 12 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $426,709$426,709
IX-7 Other salaries and wagesPrograms $55,185 · Management $28,780 · Fundraising $27,587$111,552
IX-8 Pension plan contributionsPrograms $333 · Management $174 · Fundraising $166$673
IX-10 Payroll taxesPrograms $1,836 · Management $957 · Fundraising $917$3,710
IX-11g Other fees for servicesManagement $3,296$3,296
IX-12 Advertising and promotionPrograms $9,910$9,910
IX-13 Office expensesPrograms $4,450 · Management $3,396$7,846
IX-16 OccupancyPrograms $3,600$3,600
IX-17 TravelPrograms $9,547$9,547
IX-23 InsuranceManagement $3,365$3,365
IX-24 Other expenses (24a–d)Programs $202,199$202,199
IX-24e All other expensesPrograms $9,568 · Management $5,142 · Fundraising $16,634$31,344
IX-25 Total functional expensesPrograms $723,337 · Management $45,110 · Fundraising $45,304$813,751
Part X · Balance sheet $219,932 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $109,259$187,880
X-2 Savings and temporary cash investmentsStart of year $25,009$32,052
X-16 Total assetsStart of year $134,268$219,932
X-25 Other liabilitiesStart of year $789$950
X-26 Total liabilitiesStart of year $789$950
X-27 Net assets without donor restrictionsStart of year $33,479$218,982
X-32 Total net assets or fund balancesStart of year $133,479$218,982
X-33 Total liabilities and net assetsStart of year $134,268$219,932
Part XI · Reconciliation of net assets $218,982 net assets at year end
XI-1 Total revenue$899,254
XI-2 Total expenses$813,751
XI-3 Revenue less expenses$85,503
XI-4 Net assets at start of year$133,479
XI-10 Net assets at end of year$218,982

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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