2014-10-14T10:14:35-05:00 2013-12-31 363990892 Capin Crouse LLP 1255 Lakes Parkway STE 130 Lawrenceville GA 30043 990 2013-01-01 582134253 Elam Ministries ELAM 7706648800 5755 Northpoint Parkway No 217 Alpharetta GA 30022 David Yeghnazar US Director 7706648800 2014-10-14 1 David C Moja P00747006 6785185301 2013 2015-11-30 17:44:51Z David Yeghnazar 5755 Northpoint Parkway No 217 Alpharetta GA 30022 5543889 0 X www.elam.com X 1994 GA Strengthen & expand the Church by training leaders & workers for effective ministry of the Gospel. 7 4 12 7 0 0 6550009 5494684 59568 40810 -1545 1994 0 0 6608032 5537488 4662172 4090843 0 0 654018 673447 0 0 252870 592787 647043 5908977 5411333 699055 126155 3091690 3217116 366182 375353 2725508 2841763 X Elam's mission is to strengthen and expand the Church by training leaders and workers for effective ministry of the gospel; equipping the Church with resources to minister to people; and to send leaders and workers to strengthen existing churches, (continued on Schedule O) (continued from Part III, line 1) establish new churches and provide relief for the persecuted and the poor. 0 0 4964436 4090843 40810 Elam partners with established overseas organizations that help fulfill the organization's stated purpose. The organization seeks and obtains relevant and required organizational and financial details of all partner organizations, including specific project details and budgets for any designated grants made. The organization also seeks and obtains financial reports and organizational information from partner organizations. Whenever possible, we conduct personal visits to verify progress and completion of projects funded. 4964436 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 12 1 0 0 0 0 0 0 0 0 0 0 X 7 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X David Yeghnazar 7706648800 5755 Northpoint Parkway No 217 Alpharetta GA 30022 Samuel Yeghnazar Intl. Director 2.00 X X 0 0 0 Ann Buwalda Secretary 3.00 X X 0 0 0 Tom Waller Treasurer 1.00 X X 0 0 0 Reza Roshanzamir Director 5.00 X 0 0 0 William T Dunn Director 1.00 X 0 0 0 Kathy Giske Director 1.00 X 0 0 0 Andrew Yeghnazar Director 2.00 X 0 0 0 David Yeghnazar US Director 40.00 X 126181 0 11073 126181 0 11073 1 0 0 0 0 5494684 5802 5494684 Bible ed resources 900099 31069 31069 Other program revenue 900099 9741 9741 40810 2593 2593 5802 5802 599 0 -599 -599 -599 5537488 40810 0 1994 1000 1000 28241 28241 4061602 4061602 137254 96946 6810 33498 461275 300405 39617 121253 27571 20679 1378 5514 47347 32338 3459 11550 5770 1550 4220 40086 40086 65986 52727 2459 10800 125724 81636 31580 12508 48526 27703 15983 4840 158942 92434 34653 31855 152353 137118 15235 29249 19481 4202 5566 Miscellaneous 20407 10576 9580 251 5411333 4964436 194027 252870 X 152353 137118 0 15235 728074 1298166 866866 1369419 1046869 4135 125000 3000 41453 28204 521153 131961 408428 389192 3091690 3217116 16182 25353 350000 350000 366182 375353 X 707576 769233 2017932 2072530 2725508 2841763 3091690 3217116 X 126155 -9900 X X 0 1 X 1 0 X 4208236 4179042 5320721 6550009 5494684 25752692 4208236 4179042 5320721 6550009 5494684 25752692 7116712 18635980 2653 2070 1245 3846 2593 12407 15253 15253 25780352 138814 0.72290 0.75300 X Schedule A, Part II, Line 10, Explanation of Other Income: other income - 2009 Amount: $ 15,253. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 436263 70059 366204 6356 4202 2154 31919 21385 10534 46615 36315 10300 389192 X 5550488 13000 13000 5537488 0 5537488 5434233 13000 9900 22900 5411333 0 5411333 Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of December 31, 2013 and 2012, Elam had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Elam files information tax returns in the U.S. and Georgia. Elam is generally no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2009. Part XII, Line 2d - Other Adjustments: Loss from prior year uncollectible pledges 9,900. 1 Europe (Including Iceland & Greenland 0 0 Grants to recipients located in region 4017265 Russia & the Newly Independent States 0 0 Grants to recipients located in region 44337 Europe (Including Iceland & Greenland 0 0 Program services Travel to region 52397 0 0 0 0 0 0 4113999 0 4113999 Europe (Including Iceland & Greenland) Ministry support 144960 Wire transfer 24305 Computers, electronics and resources Cost Russia & the Newly Independent States Ministry support 44337 Wire transfer Europe (Including Iceland & Greenland) Ministry support 3651000 Wire transfer 3 Ministry support Europe 2 197000 Wire transfer 0 0 0 0 0 0 Part I, Line 2: Elam reviews written financial reports from partners in relation to programs the organization has granted funds to support. In addition, Elam staff and board members perform site visits frequently to field operations to observe the work and talk to people involved with the projects. Part I, line 3: The organization obtains support for foreign expeditures and accounts for the activity according to accrual basis of accounting. Part III, Col (c): Number of recipients represent actual number of grantees. 1 Ministry Support 6 16700 Benevolence & relief 6 11541 Part I, Line 2: The organization accepts limited appeals from other organizations and individuals that promote the organization's mission. These requests are reviewed and approved by the Board. The requesting organization/individual provides follow-up on compliance of the use of the grant in accordance with the reward. David Yeghnazar U.S. Director Moving assistance X 125000 125000 0 1 1 125000 Sam Yeghnazar Board Member 110000 Missionary support Support ministry work consistent with the organization's exempt purpose. Reza Roshanzamir Board Member 87000 Missionary support Support ministry work consistent with the organization's exempt purpose. Form 990, Part VI, Section A, line 2 Sam, David, and Andrew Yeghnazar - family relationship. Form 990, Part VI, Section B, line 11 Form 990 is prepared by an independent CPA firm and is reviewed in detail by the outsourced controller and the organization's top management. The reviewed 990 is then forwarded to the board of directors prior to filing. Form 990, Part VI, Section B, line 12c A conflict of interest questionnaire is sent to each of the board of directors annually. If a board member has a conflict of interest, the completed questionnaire is returned to the outsourced controller for review. If there is a conflict of interest, all independent board members discuss the identified conflict of interest for resolution. If a matter related to a potential conflict were to arise at a board meeting, the interested person would abstain from voting on matters related to the noted conflict. Form 990, Part VI, Section B, line 15 The US Director's compensation is based on the results of a comprehensive compensation study the organization purchased in a prior year to determine reasonableness of compensation. The study was based on similar size and type nonprofits. The compensation was also approved by the independent board of directors. The approval is documented in the Board minutes. Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policy, and audited financial statements are available by request. Form 990, Part XI, line 9: Loss from prior year uncollectible pledges -9,900. Form 990, Part XII, Line 2c: This process has not changed since the prior year. The organization has a finance committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent auditor.